Charting a slow-motion breakout attempt, S&P 500 inches to uncharted territory

Published: June 21, 2019 12:03 p.m. ET

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U.S. stocks are mixed early Friday, treading water amid heightened geopolitical tensions.

Against this backdrop, the S&P 500 is digesting a modest break to record territory, while the Dow Jones Industrial Average is vying to surpass its record close (26,828). The weekly close will likely add color.

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

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Michael Ashbaugh writes technical analysis for MarketWatch and is editor of MarketWatch's "The Technical Indicator" newsletter.