The S&P 500 has climbed back to record territory, but technical analysts on Wall Street say investors should resist declaring victory until the benchmark clears one critical hurdle of several decisive daily closes above a certain number.
After rebounding to fresh highs on Tuesday, market strategists are closely monitoring the 7,620 level, which represents the index's previous record from early June. While the S&P 500 topped 7,700 for the first time, analysts say a sustainable breakout will require more than a brief move above resistance.
