Investor Alert
Michael Ashbaugh

The Technical Indicator Archives Subscribe

Sept. 29, 2020, 12:17 p.m. EDT

Charting a corrective bounce: S&P 500 hesitates at 50-day average

Focus: Japan’s stealth breakout attempt, Home construction sector exhibits relative strength, EWJ, ITB, ROKU, ANF, PLAN, WHR

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks have rallied respectably from the September low, rising in the wake of a damaging market downdraft.

Against this backdrop, the S&P 500 and Dow industrials have reached key technical tests — closely matching the 50-day moving average — areas defining the immediate bull-bear battleground.

Partner Center

Link to MarketWatch's Slice.