S&P 500
2438.30
+3.80 +0.16%
Dow Indu
21394.76
-2.53 -0.01%
Nasdaq
6265.71
+29.02 +0.46%
Crude Oil
43.01
+0.38 +0.88%
Gold
1256.900
+5.300 +0.42%
Euro
1.1194
+0.0001 +0.01%
US Dollar
97.292
-0.245 -0.25%
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U.S. STOCK INDEXES

The September NASDAQ 100 closed higher on Friday as it extends the rebound off June's low. Today's rally was underpinned by investors as they bought up beaten downed energy shares, and technology stocks extended their recent advance. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Today's closes above the 20-day moving average crossing at 5796.73 confirms that a short-term low has been posted. If September extends the aforementioned rally, June's high crossing at 5907.50 is the next upside target. Closes below June's low crossing at 5641.25 would open the door for a larger-degree decline this summer. First resistance is June's high crossing at 5898.75. Second resistance is unknown. First support is June's low crossing at 5641.25. Second support is May's low crossing at 5557.00.

The September S&P 500 closed slightly higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the reaction low crossing at 2415.40 would confirm that a short-term top has been posted. If September extends this year's rally into uncharted territory, upside targets will be hard to project. First resistance is Monday's high crossing at 2451.00. Second resistance is unknown. First support is the reaction low crossing at 2415.40. Second support is the 50-day moving average crossing at 2397.28.

The Dow closed slightly lower on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 21,264.92 would confirm that a short-term top has been posted. If the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. First resistance is Tuesday's high crossing at 21,535.03. Second resistance is unknown. First support is the 20-day moving average crossing at 21,264.92. Second support is the 50-day moving average crossing at 21,011.99.

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