Charting market cross currents, S&P 500 survives test of 200-day average

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.

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