Charting a bullish technical tilt, S&P 500 rattles cage on major resistance
April 17, 2018 at 12:28 PM EDT
Technically speaking, the U.S. benchmarks’ jagged April rally attempt has reached potentially consequential tests, writes Michael Ashbaugh. On a headline basis, the S&P 500 is challenging major resistance — S&P 2,695, matching the 2017 peak — and a sustained break higher would strengthen the bull case.