U.S. STOCK INDEXES The September NASDAQ 100 closed lower on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. 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 7536.89 would confirm that a short-term top has been posted. If September resumes the rally off June's low, April's high crossing at 7910.75 is the next upside target. First resistance is last-Thursday's high crossing at 7821.00. Second resistance is April's high crossing at 7910.75. First support is the 20-day moving average crossing at 7536.84. Second support is June's low crossing at 6969.00. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September resumes this month's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2895.61 are needed to confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 2967.50. Second resistance is unknown. First support is the 20-day moving average crossing at 2895.61. Second support is the reaction low crossing at 2885.00. The Dow closed higher on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 26,158.52 would confirm that a short-term top has been posted. If the Dow resumes this month's rally, last-October's high crossing at 26,951.81 is the next upside target. First resistance is last-Friday's high crossing at 26,907.37. Second resistance is last-October's high crossing at 26,951.81. First support is the 10-day moving average crossing at 26,546.96. Second support is the 20-day moving average crossing at 26,158.52.
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