A Major Breakout Has Occurred in S&P 500

Another record closing week for the major indices, with all 3 achieving new all-time highs. Additionally, the S&P 500 (SPX) closed above 3,000 for the week and with a .78% move higher for the week ended 7/13/2019.  No, the gains weren’t tremendous for the week, but closing above 3,000 is a feather in the cap…