Technically speaking, the major U.S. benchmarks are poised to conclude the second quarter against an increasingly uneven, but still generally bullish, bigger-picture backdrop.
On a headline basis, the S&P 500 has survived a jagged retest of its 200-day moving average, while the Nasdaq Composite continues to digest last week’s break to record territory.
Before detailing the U.S. markets’ wider view, the S&P 500’s
hourly chart highlights the past two weeks.
As illustrated, the S&P has weathered a jagged retest of the…