S&P 500
1978.91
+0.57 +0.03%
Dow Indu
16982.59
+22.02 +0.13%
Nasdaq
4445.73
-3.83 -0.09%
Crude Oil
100.80
-0.87 -0.86%
Gold
1308.385
+3.945 +0.30%
Euro
1.343405
-0.000390 -0.03%
US Dollar
81.133
+0.122 +0.16%
Weak

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U.S. STOCK INDEXES

The September NASDAQ 100 was slightly higher overnight. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 3918.88 would confirm that a short-term top has been posted. If September resumes the rally off April's low, monthly resistance crossing at 4258.97 is the next upside target. First resistance is last Thursday's high crossing at 3991.25. Second resistance is monthly resistance crossing at 4258.97. First support is the 20-day moving average crossing at 3918.88. Second support is the reaction low crossing at 3854.00.

The September S&P 500 was higher overnight. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near. Closes below the reaction low crossing at 1942.90 are needed to confirm that a short-term top has been posted. If September resumes this year's rally into uncharted territory, upside targets will be hard to project. First resistance is last Thursday's high crossing at 1985.60. Second resistance is unknown. First support is the reaction low crossing at 1942.90. Second support is the reaction low crossing at 1936.00.

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