Bull trend intact: S&P 500, Nasdaq rally from major support

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Technically speaking, the major U.S. benchmarks are back on offense, rising in the wake of an aggressive September downdraft.

Against this backdrop, the S&P 500 and Nasdaq Composite have narrowly maintained major support — S&P 3,328 and Nasdaq 10,840 — rising from key tests to preserve a bullish intermediate-term bias.

Before detailing…