Charting a bull-flag breakout, S&P 500 extends to record territory

Technically speaking, the major U.S. benchmarks have extended a sharp rally from well-defined support, rising as the recent market volatility spike continues to fade.

Against this backdrop, the S&P 500 and Nasdaq Composite have reached record highs — previously uncharted territory — while the Dow industrials’ latest breakout attempt is currently underway.

Before detailing the U.S. markets’ wider view, the S&P 500’s

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