S&P 500 nails the 50-day average (and rallies) Nasdaq narrowly holds the breakout point

Though technical cross currents remain in play, the U.S. benchmarks’ bigger-picture backdrop registers as constructive.

Consider that S&P 500 has effectively nailed its 50-day moving average (2,748) — and rallied from support — while the Nasdaq Composite has thus far survived a shakier retest of its breakout point (7,505).

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

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