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U.S. STOCK INDEXES

The Dow closed higher on Wednesday as it consolidates some of the decline off last-Tuesday's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Tuesday's high crossing at 31,885.09 are needed to confirm that a short-term low has been posted. If the Dow renews last-week's decline, June's low crossing at 29,653.29 is the next downside target. First resistance is last-Tuesday's high crossing at 31,885.09. Second resistance is the 50-day moving average crossing at 32,020.48. First support is June's low crossing at 29.653.29. Second support is the 38% retracement level of the 2020-2021 rally crossing at 29,814.73.

The September NASDAQ 100 closed higher on Wednesday as it consolidated some of the decline off last-Monday's high. Today's high-range close sets the stage for a steady to higher opening when Thursday'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 September renews the rally off June's low, the 50-day moving average 12,259.70 is the next upside target. If September renews the decline off May's high, June's low crossing at 11,092.50 is the next downside target. First resistance is last-Monday's high crossing at 12,262.00. Second resistance is the 50-day moving average crossing at 12,259.70. First support is June's low crossing at 11,092.50. Second support is weekly support crossing at 10,942.25.

The September S&P 500 closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Tuesday's high crossing at 3950.00 would open the door for additional gains near-term. If September renews the decline off May's high, the 50% retracement level of the 2020-2022 rally on the weekly continuation chart crossing at 3491.65 is the next downside target. First resistance is last-Tuesday's high crossing at 3950.0. Second resistance is the 50-day moving average crossing at 3987.28. First support is last-Thursday's low crossing at 3741.25. Second support is June's low crossing at 3642.00.