Here is the view and the setup on the weekly chart
______________________________
Here is the view and the setup on the daily chart
______________________________
Here is the view and the setup on the weekly chart
______________________________
Here is the view and the setup on the daily chart
______________________________
The major uptrend as defined by the 200-day moving average still prevails until proven otherwise
______________________________
This is a tentative breakout worthy of a headline but not a trade. Wait for a confirmed breakout. You will know.
______________________________
The following chart was published in The Economist
https://www.economist.com/finance-and-economics/2018/08/23/americas-stockmarket-passes-a-milestone
______________________________
This could be a defensive play in reaction to the tariff fiasco. Notice the drop in the tariff sensitive sectors of materials and industrials.
______________________________
______________________________
______________________________
______________________________
But, the breakout will have to hold above 2742
______________________________