Bull trend intact, S&P 500 maintains the range
January 17, 2017 at 12:40 PM EST
Technically speaking, the major U.S. benchmarks’ January price action continues to support a bullish view. Perhaps most notably, the S&P 500 has maintained first support — the 2,252 area — rising to rattle the range top, an area matching record territory. Within a strong uptrend, the range-bound posture is technically constructive.