Charting bullish follow-through, S&P 500 breaks from range ahead of the Fed

Published: June 19, 2019 11:57 a.m. ET

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Focus: 10-year yield nails downside inflection point, TNX, HD, LULU, OMCL, SBGI

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Technicals columnist

U.S. stocks are mixed early Wednesday, treading water ahead of the Federal Reserve’s policy statement due out this afternoon.

Against this backdrop, the S&P 500 is digesting a bull-flag breakout, a rally placing it within striking distance of record highs.

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.