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U.S. STOCK INDEXES

The Dow closed 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the June 16th high crossing at 26,611.03 are needed to renew the rally off the June 15th low. Closes below the 50-day moving average crossing at 25,292.91 would confirm that a short-term top has been posted. First resistance is the June 11th gap crossing at 26,938.05. Second resistance is June's high crossing at 27,580.21. First support is the 50-day moving average crossing at 25,292.91. Second support is the June 15th low crossing at 24,843.18.

The September NASDAQ 100 closed higher on Friday as it extends the rally off March's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off March's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 10,178.21 would signal that a short-term top has been posted. First resistance is today's high crossing at 10,776.75. Second resistance is unknown. First support is the 10-day moving average crossing at 10,386.25. Second support is the 20-day moving average crossing at 10,178.21.

The September S&P 500 closed 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, the June 8th high crossing at 3216.70 is the next upside target. Closes below the 50-day moving average crossing at 3019.89 would confirm that a short-term top has been posted. First resistance is the June 8th high crossing at 3216.70. Second resistance is the 87% retracement level of the February-March-decline crossing at 3237.65. First support is the 50-day moving average crossing at 3019.89. Second support is the June 15th low crossing at 2925.70.