S&P 500
1914.01
-58.17 -2.95%
Dow Indu
16059.42
-468.61 -2.84%
Nasdaq
4636.10
-140.41 -2.94%
Crude Oil
45.17
-4.03 -8.37%
Gold
1141.175
+1.325 +0.12%
Euro
1.130860
+0.005710 +0.51%
US Dollar
95.398
-0.528 -0.68%
Weak

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U.S. STOCK INDEXES

The September NASDAQ 100 was lower overnight as Wall Street is set to kick off September with a bearish tone after disappointing Chinese data slammed the global financial markets again. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September renews August's decline, the 87% retracement level of the 2014-2015-rally crossing at 3835.21 is the next downside target. Closes above the 20-day moving average crossing at 4391.66 are needed to confirm that a short-term low has been posted. First resistance is last Monday's high crossing at 4340.75. Second resistance is the 20-day moving average crossing at 4391.66. First support is August's low crossing at 3908.25. Second support is the 87% retracement level of the 2014-2015-rally crossing at 3835.21.

The September S&P 500 was sharply lower overnight to start the month of September over concerns about China's financial situation. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September resumes this month's decline, the 62% retracement level of the 2013-2015-rally crossing at 1803.60 is the next downside target. Closes above the 20-day moving average crossing at 2025.20 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1963.02. Second resistance is the 20-day moving average crossing at 2025.20. First support is August's low crossing at 1831.00. Second support is the 62% retracement level of the 2013-2015-rally crossing at 1803.60.

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