Charting the S&P 500’s stealth breakout attempt as FAANG-fueled downturn fades
June 27, 2017 at 12:46 PM EDT
Technically speaking, the big three U.S. benchmarks have asserted a late-June holding pattern, of sorts, against a still bullish bigger-picture backdrop. Consider that each benchmark has pressed record territory, even this week, and the selling pressure near resistance matching the June peak remains relatively flat.