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Michael Ashbaugh

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June 29, 2018, 11:54 a.m. EDT

S&P 500 holds major support, back for second crack at 2,742 breakdown point

Focus: 30-year yield challenges 200-day average, 10-year yield consolidates, TYX, TNX, OII, PTC, PBYI, NIHD

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks are concluding an otherwise solid second quarter performance amid increased volatility.

Against this backdrop, the S&P 500 has maintained familiar support at the 2017 peak (2,695) — bottoming this week just three points lower — while the Dow industrials have concurrently bottomed just three points under the 24,000 mark.

Link to MarketWatch's Slice.