S&P 500 hesitates at major resistance
January 21, 2014 at 12:15 PM EST
The S&P 500’s powerful bull market has thus far weathered the January earnings season. Against this backdrop, the U.S. markets’ headline technical test — resistance at the S&P’s all-time high of 1,850 — is well-defined, and the response to this area should be a useful bull-bear gauge.