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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 26101.63 +117.69 +0.46%
NASDAQ Composite 7838.26 +96.16 +1.26%
S&P 500 2890.91 +17.57 +0.63%
SPDR S&P 500 289.425 +1.775 +0.63%
iShares Russell 2000 ETF 151.89 +1.03 +0.68%
U.S. STOCK INDEXES

The June NASDAQ 100 was higher overnight as it extends the rally off Monday's low. The low-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off June's low, the 50-day moving average crossing at 7542.61 is the next upside target. Closes below the 10-day moving average crossing at 7246.77 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 7542.61. Second resistance is the reaction high crossing at 7641.00. First support is the 50% retracement level of the December-April-rally crossing at 6863.36. Second support is the 62% retracement level of the December-April-rally crossing at 6623.56.

The June S&P 500 was higher overnight as it extends the rally off Monday's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, May's high crossing at 2957.30 is the next upside target. Closes below the 10-day moving average crossing at 2810.72 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 2895.20. Second resistance is May's high crossing at 2957.30. First support is the 10-day moving average crossing at 2810.72. Second support is the 38% retracement level of the December-April-rally crossing at 2723.23.



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