Charting a bullish reversal: S&P 500, Nasdaq venture atop key resistance

The major U.S. benchmarks are firmly higher early Thursday, extending a mid-week rally from significant support.

Against this backdrop, the S&P 500 and Nasdaq Composite have ventured atop key resistance — at S&P 2,873 and Nasdaq 7,850 — and a close atop these areas, to the extent sustained, would technically neutralize the May downdraft.

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

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