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The September NASDAQ 100 closed higher on Friday as it extends the index into record territory. The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 7197.60 would confirm that a short-term top has been posted. First resistance is the today's high crossing at 7414.25. Second resistance is unknown. First support is the 50-day moving average crossing at 7092.59. Second resistance is June's low crossing at 6956.00.

The September S&P 500 closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the aforementioned rally, the 75% retracement level of the January-April-decline crossing at 2809.03 is the next upside target. Closes below the 50-day moving average crossing at 2740.91 would temper the near-term friendly outlook. First resistance is today's high crossing at 2807.00. Second resistance is the 75% retracement level of the January-April-decline crossing at 2809.03. First support is the 50-day moving average crossing at 2740.91. Second support is June's low crossing at 2694.50.

The Dow closed higher on Friday as it extends the rally off June's low. Investors are looking to the earnings season, which will pick up steam over the coming weeks, to provide clarity on whether corporate fundamentals are strong enough to offset the uncertainty surrounding trade policy and other potential headwinds. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends the rally off June's low, June's high crossing at 25,402.83 is the next upside target. Closes below the 20-day moving average crossing at 24,563.38 would confirm that a short-term top has been posted. First resistance is today's high crossing at 25,043.21. Second resistance is June's high crossing at 25,402.83. First support is June's low crossing at 23,997.21. Second support is May's low crossing at 23,531.31.

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