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Michael Ashbaugh

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July 1, 2015, 11:06 a.m. EDT

S&P 500 returns to scene of the breakdown

Focus: Biotech, IBB, FEYE, T, GD, NAT, IMMR

By Michael Ashbaugh, MarketWatch

CINCINNATI (MarketWatch) — U.S. stocks are off to a strong Wednesday start, rising on the third-quarter’s first session.

Against this backdrop, the S&P 500 is retesting its breakdown point — S&P 2,080 — and its response should be a useful bull-bear technical gauge.

Link to MarketWatch's Slice.