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Michael Ashbaugh

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Jan. 11, 2019, 11:51 a.m. EST

S&P 500 edges atop major resistance (2,581) amid persistent January rally attempt

Focus: 10-year yield signals death cross, Charting key regional technical tests, TNX, IEV, EWJ, FXI, CYBR, DE

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks’ January price action remains constructive.

On a headline basis, the S&P 500 has notched consecutive closes atop major resistance (2,581), a familiar level, precisely defining the 10% rally mark from the December low (2,346.58).

Link to MarketWatch's Slice.