S&P 500 challenges the breakout point amid (still) bullish longer-term backdrop
March 07, 2017 at 12:57 PM EST
Technically speaking, the major U.S. benchmarks have pulled in from record territory, digesting the decisive March 1 breakout. Against this backdrop, the S&P 500 is pressing near-term support — the 2,367 breakout point — an area defining the immediate bull-bear tension.