S&P 500
2169.04
-3.43 -0.16%
Dow Indu
18395.40
-53.01 -0.29%
Nasdaq
5221.70
+9.50 +0.18%
Crude Oil
46.95
-0.69 -1.46%
Gold
1319.240
+1.240 +0.09%
Euro
1.118150
-0.001930 -0.17%
US Dollar
95.630
+0.113 +0.15%
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U.S. STOCK INDEXES

The September NASDAQ 100 closed lower on Friday and below the 20-day moving average crossing at 4783.70 for the second day in a row confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline, August's low crossing at 4681.75 is the next downside target. If September resumes this summer's rally, the all-time high crossing at 4884.00 is the next upside target. First resistance is Tuesday's high crossing at 4836.75. Second resistance is the all-time high crossing at 4884.00. First support is today's low crossing at 4757.25. Second support is August's low crossing at 4681.75.

The September S&P 500 closed lower on Friday as it extended Thursday's breakout below the 20-day moving average crossing at 2173.99 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline, August's low crossing at 2142.00 is the next downside target. If September resumes this summer's rally into uncharted territory, upside targets will be hard to project. First resistance is Tuesday's high crossing at 2191.20. Second resistance is unknown. First support is today's low crossing at 2159.00. Second support is August's low crossing at 2142.00.

The Dow closed lower on Friday after comments from Fed Vice Chairman Stanley Fischer doubled down on a speech by Federal Reserve Chairwoman Janet Yellen that asserted the case for a rate increase is gathering steam. The low-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. If the Dow extends today's decline, August's low crossing at 18,247.79 is the next downside target. Closes above Tuesday's high crossing at 18,631.60 would confirm that a short-term low has been posted. First resistance is last Monday's high crossing at 18,668.44. Second resistance is unknown. First support is today's low crossing at 18,335.34. Second support is August's low crossing at 18,247.79.

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