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Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 26438.25 -66.70 -0.26%
NASDAQ Composite 8124.53 -39.47 -0.53%
S&P 500 CASH 2933.68 -11.96 -0.43%
SPDR S&P 500 292.92 -1.11 -0.40%
iShares Russell 2000 ETF 160.81 +0.28 +0.18%
U.S. STOCK INDEXES

The June NASDAQ 100 was sharply lower overnight as global markets sold off over fears that trade talks between the U.S. and China were on the verge of collapse, after President Donald Trump threatened to raise tariffs on $200 billion of Chinese goods. The low-range overnight trade sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to higher prices are possible near-term. Closes below the 20-day moving average crossing at 7730.48 would confirm that a short-term top has been posted. If June resumes this year's rally into uncharted territory, upside targets will be hard to project. First resistance is April's high crossing at 7879.50. Second resistance is unknown. First support is the 20-day moving average crossing at 7730.48. Second support is the 50-day moving average low crossing at 7479.69.

The June S&P 500 was sharply lower overnight due to rising concerns over U.S./China trade talks. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2916.76 would confirm that a short-term top has been posted. If June resumes the rally off December's low, last-September high crossing at 2957.90 is the next upside target. First resistance is last-Tuesday's high crossing at 2957.30. Second resistance is last-September's high crossing at 2957.90. First support is the 20-day moving average crossing at 2916.76. Second support is the 50-day moving average crossing at 2858.70.



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