U.S. STOCK INDEXES https://quotes.ino.com/exchanges/?c=indexes The June NASDAQ 100 closes higher on Friday as it renewed 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 June extends the rally off December's low, the 87% retracement level of the September-December-decline crossing at 7524.41 is the next upside target. Closes below March's low crossing at 6965.75 would confirm that a short-term top has been posted. First resistance is today's high crossing at 7361.00. Second resistance is the 87% retracement level of the October-December-decline crossing at 7524.41. First support is March's low crossing at 6965.75. Second support is the 50-day moving average crossing at 6929.32. The June S&P 500 closed higher on Friday as it extended the rally off December'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 June extends the rally off December's low, the 87% retracement level of the September-December-decline crossing at 2879.73 is the next upside target. Closes below March's low crossing at 2728.00 would confirm that a short-term top has been posted. First resistance is today's high crossing at 2834.50. Second resistance is the 87% retracement level of the September-December-decline crossing at 2879.73. First support is March's low crossing at 2728.00. Second support is the 50-day moving average crossing at 2709.38. The Dow closed higher on Friday and above the 20-day moving average crossing at 25,820.01 signaling that a short-term low has been posted. U.S. stocks rose today as major benchmarks posted their most positive weekly gains in a month with sentiment underpinned by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus. Stocks were also expected to be affected by Friday's quadruple witching, the simultaneous expiration of stock-index futures and stock-index options, as well as individual stock futures and options. The mid-range close sets the stage for a steady opening when Friday'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 87% retracement level of the October-December-decline crossing at 26,282.97 are needed to renew the rally off December's low. If the Dow renews the decline off February's high, the 50-day moving average crossing at 25,064.10 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the October-December-decline crossing at 26,282.97. Second resistance is the October 2018 high crossing at 26,951.81. First support is March's low crossing at 25,252.46. Second support is the 50-day moving average crossing at 25,064.10. 
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