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The June NASDAQ 100 was higher overnight as it consolidates some of Thursday's decline. Overnight trading set the stage for a higher opening when the day session begins trading. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this year's rally, the 87% retracement level of the 2022-decline crossing at 14,801.49 is the next upside target. Closes below the 20-day moving average crossing at 13,709.05 would signal that a short-term top has been posted. First resistance is the 87% retracement level of the 2022-decline crossing at 14,801.49. Second resistance is the March-2022 high crossing at 15,407.50. First support is the 20-day moving average crossing at 13,709.05. Second support is the 50-day moving average crossing at 13,328.85.

The June S&P 500 was higher overnight as it consolidates some of Wednesday's losses. Overnight trading sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 4163.76 would signal that a short-term top has been posted. Closes above February's high crossing at 4244.00 would open the door for a possible test of the August-2022 high crossing at 4382.75. First resistance is February's high crossing at 4244.00. Second resistance August's high crossing at 4382.75. First support is the 20-day moving average crossing at 4163.76. Second support is the 50-day moving average crossing at 4134.30.

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