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Michael Ashbaugh

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Aug. 3, 2016, 11:55 a.m. EDT

S&P 500 violates support, back for a crack at the breakdown point

Focus: Transports, IDCC, MCHP, VLO, BERY, CMCM

By Michael Ashbaugh, MarketWatch

The major U.S. benchmarks are slightly higher early Wednesday, digesting the first technically notable downturn in three weeks.

Against this backdrop, an S&P 500 consolidation phase remains underway, though the downturn has thus far inflicted limited damage.

Link to MarketWatch's Slice.