Bull trend intact: S&P 500 rallies from the breakout point

Technically speaking, the U.S. benchmarks’ bigger-picture backdrop remains firmly bullish. On a headline basis, the S&P 500 has effectively nailed first support — S&P 2,190 — while the Dow Jones Industrial Average has concurrently tagged its latest all-time high. The technical price action within an uptrend remains bull-case supportive.