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U.S. STOCK INDEXES

The September NASDAQ 100 closed sharply higher on Wednesday as the technology sector rebounded off early-session lows. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends today's rally, June's high crossing at 5907.50 is the next upside target. Closes below the reaction low crossing at 5641.25 would open the door for a larger-degree decline this summer. First resistance is June's high crossing at 5898.75. Second resistance is unknown. First support is the reaction low crossing at 5641.25. Second support is May's low crossing at 5557.00.

The September S&P 500 posted a key reversal up on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the reaction low crossing at 2415.40 would confirm that a short-term top has been posted. First resistance is June's high crossing at 2451.00. Second resistance is unknown. First support is the reaction low crossing at 2415.40. Second support is the 50-day moving average crossing at 2403.03.

The Dow posted triple-digit gains on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 21,318.28 would confirm that a short-term top has been posted. First resistance is June's high crossing at 21,535.03. Second resistance is unknown. First support is the 20-day moving average crossing at 21,318.28. Second support is the 50-day moving average crossing at 21,063.24.

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