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Michael Ashbaugh

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Oct. 6, 2020, 12:08 p.m. EDT

Charting a bullish Q4 start: S&P 500 extends rally from major support

Focus: 10-year yield takes flight amid risk-on trade, Transports hold trendline support, TNX, IYT, MSI, GPS, NOVA

By Michael Ashbaugh, MarketWatch

Broadly speaking, the major U.S. benchmarks are off to a constructive October start, reclaiming key technical levels.

Against this backdrop, the S&P 500 has asserted a bullish-leaning intermediate-term bias, rising to three-week highs from a successful test of major support (3,328).

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