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New York Markets After Hours

Michael Ashbaugh

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April 17, 2018, 11:59 a.m. EDT

Charting a bullish technical tilt, S&P 500 rattles cage on major resistance

Focus: Transports show signs of life, Intel threatens 17-year breakout, IYT, FDX, INTC, CAT, FIVE, PCRX

By Michael Ashbaugh, MarketWatch

The U.S. benchmarks’ jagged April rally attempt has reached potentially consequential technical tests.

On a headline basis, the S&P 500 is challenging major resistance — S&P 2,695, matching the 2017 peak — and a sustained break higher would strengthen the bull case.

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