Charting the latest S&P 500 breakout amid bullish sector rotation

Technically speaking, the big three U.S. benchmarks are concluding a flat-to-positive week, at least thus far, against a still constructive bigger-picture backdrop.

Consider that the Nasdaq’s FAANG-fueled downdraft continues to fade — the index has tagged a nearly two-week high — while the S&P 500 traverses an increasingly familiar range.

 

 

 

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