The S&P 500 and the Dow industrials have taken flight, reaching uncharted territory, while the small- and mid-cap benchmarks have come to life technically.
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 extended its uptrend, rising to another all-time high.
From current levels, first support holds at the breakout point — S&P 2,056 — and is followed by a deeper floor at 2,040.
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