Charting a break to ‘clear skies’ territory: S&P 500, Nasdaq reclaim major resistance

By Michael Ashbaugh

Though the mid-March price action remains uneven, key slow-motion breakout attempts are currently in play.

On a headline basis, the S&P 500 and Nasdaq Composite have tagged five-month highs — clearing resistance at S&P 2,817 and Nasdaq 7,670 — opening the path to less-charted territory, and still potentially material follow-through.

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