Bull ‘trend’ intact, S&P 500 challenges the breakdown point
October 18, 2016 at 12:32 PM EDT
Technically speaking, the U.S. stock benchmarks have thus far weathered a seasonally characteristic October whipsaw. Against this backdrop, the S&P 500 has rallied from major support at 2,117, rising to challenge first resistance at the 2,145 breakdown point.