by Bespoke Investment Group
The Dow Jones Industrial Average broke out to a new high a couple of weeks ago, but for the bull market rally to be confirmed, the S&P 500 needed to do so as well. Today we have gotten that breakout for the S&P 500, and the technicals for the index now look very positive. Oh, and the Nasdaq Composite has also broken to a new bull market high today as well, meaning all three major indices have now cleared their resistance hurdles.
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