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U.S. STOCK INDEXES

The June NASDAQ 100 closed higher on Tuesday as it extends the rally off last Thursday's low. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June resumes this year's rally, upside targets will be hard to project. If the June NASDAQ 100 resumes last Thursday's decline, the 50-day moving average crossing at 5506.36 is the next downside target. First resistance is last Tuesday's high crossing at 5727.25. Second resistance is unknown. First support is the 50-day moving average crossing at 5506.36. Second support is April's low crossing at 5347.50.

The June S&P 500 closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term possible near-term. Closes above last Tuesday's high crossing at 2404.30 are needed to confirm an upside breakout of a two-month old trading range. If June resumes last Wednesday's decline, April's low crossing at 2324.10 is the next downside target. First resistance is last Tuesday's high crossing at 2404.30. Second resistance is unknown. First support is last Thursday's low crossing at 2344.50. Second support is April's low crossing at 2324.10.

The Dow closed higher on Tuesday as it extended the rally off last Thursday's low. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow resumes the rally off April's low, March's high crossing at 21,169.11 is the next upside target. Closes below last Thursday's low crossing at 20,553.45 would temper the near-term friendly outlook. First resistance is April's high crossing at 21,070.90. Second resistance is March's high crossing at 21,169.11. First support is last Thursday's low crossing at 20,553.45. Second support is April's low crossing at 20,379.55.

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