S&P 500’s bull ‘trend’ intact ahead of the best six months seasonally

The major U.S. stock benchmarks’ technical backdrop has strengthened, on the margin, with the worst six months seasonally — May through October — set to conclude next week. Perhaps most notably, the Nasdaq Composite has rallied within striking distance of record territory, while the S&P 500 has concurrently ventured atop near-term resistance.