U.S. STOCK INDEXES The June NASDAQ 100 posted an inside day with a higher close on Thursday. The mid-range close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this month's decline, the 38% retracement level of the December-April-rally crossing at 7103.16 is the next downside target. Closes above the 20-day moving average crossing at 7495.90 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 7495.90. Second resistance is April's high crossing at 7879.50. First support is Wednesday's low crossing at 7183.25. Second support is the 38% retracement level of the December-April-rally crossing at 7103.16. The June S&P 500 posted an inside day with a higher close on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off May's high, the 38% retracement level of the December-April-rally rally crossing at 2723.23 is the next downside target. Closes above the 20-day moving average crossing at 2857.55 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 2857.55. Second resistance is May's high crossing at 2957.30. First support is the 38% retracement level of the December-April-rally crossing at 2723.23. Second support is the 50% retracement level of the December-April-rally crossing at 2650.94. The Dow posted an inside day with a slightly higher close on Thursday as it consolidated some of Wednesday's decline. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If the Dow extends the decline off May's high, the 38% retracement level of the December-May-rally crossing at 24,795.46 is the next downside target. Closes above the 20-day moving average crossing at 25,755.15 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 25,755.15. Second resistance is April's high crossing at 26,695.96. First support is the 38% retracement level of the December-May-rally crossing at 24,795.46. Second support is the 50% retracement level of the December-May-rally crossing at 24,204.24. 
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