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U.S. STOCK INDEXES

The Dow posted an inside day with a lower close on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow renews the rally off January's low into uncharted territory, upside targets hard to project. If the Dow extends last-week's decline, the 50-day moving average crossing at 33,499.42 is the next downside target. First resistance is last-Tuesday's gap crossing at 34,741.57. Second resistance is last-Monday's high crossing at 35,091.56. First support is the 50-day moving average crossing at 33,499.42. Second support is the March 25th low crossing at 32,071.41.

The June NASDAQ 100 closed lower on Monday following a two-day bounce off last-Thursday's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 13,634.01 would signal that a short-term low has been posted. If June extends the decline off April's high, the 75% retracement level of the March-April-rally crossing at 12,666.46 is the next downside target. First resistance is the 50-day moving average crossing at 13,403.38. Second resistance is the 20-day moving average crossing at 13,634.01. First support is the 62% retracement level of the March-April-rally crossing at 12,912.45. Second support is the 75% retracement level of the March-April-rally crossing at 12,666.46

The June S&P 500 closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 4162.64 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at 4061.74 would open the door for additional weakness near-term. First resistance is the 20-day moving average crossing at 4162.64. Second resistance is last-Monday's high crossing at 4238.25. First support is the 50-day moving average crossing at 4061.74. Second support is the March 25th low crossing at 3843.25.