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Michael Ashbaugh

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April 13, 2020, 11:59 a.m. EDT

S&P 500 tags next resistance (2,817), pulls in after best week since 1974

Focus: Utilities extend rally attempt to the breakdown point, Select pockets of individual strength persist

By Michael Ashbaugh, MarketWatch

The major U.S. benchmarks are firmly lower early Monday, pressured in the wake of their best week since 1974.

Against this backdrop, the downturn originates from the S&P 500’s next notable resistance (2,817). The selling pressure’s aggressiveness, or lack thereof, will likely add color.

Link to MarketWatch's Slice.