Charting the Dow industrials’ bull-flag breakout attempt

The major U.S. benchmarks are slightly higher early Friday, building on early-week rallies from well-defined support.

Against this backdrop, the Dow Jones Industrial Average is staging a slow-motion breakout attempt — briefly tagging seven-month highs early Friday — while S&P 500 has risen within view of its record high (2,916.5).

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

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