S&P 500
2341.59
-2.39 -0.10%
Dow Indu
20550.98
-45.74 -0.22%
Nasdaq
5840.14
+11.40 +0.20%
Crude Oil
48.21
+0.48 +1.00%
Gold
1253.715
-0.310 -0.02%
Euro
1.085850
-0.000425 -0.04%
US Dollar
99.250
+0.025 +0.03%
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U.S. STOCK INDEXES

The June NASDAQ 100 was higher overnight as investors wait for a number of Federal Reserve speeches and economic reports to be released. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 10-day moving average crossing at 5386.25 are needed to confirm that a short-term low has been posted. If June resumes this month's decline, the 50-day moving average crossing at 5271.49 is the next downside target. First resistance is last Tuesday's high crossing at 5441.00. Second resistance is unknown. First support is last Wednesday's low crossing at 5315.00. Second support is the 50-day moving average crossing at 5271.49.

The June S&P 500 was slightly higher overnight as it consolidates above the 50-day moving average crossing at 2326.82. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 2363.12 would confirm that a short-term low has been posted. Closes below the 50-day moving average crossing at 2326.82 would open the door for a larger-degree decline near-term. First resistance is last Tuesday's high crossing at 2378.20. Second resistance is March's high crossing at 2395.00. First support is the 50-day moving average crossing at 2326.82. Second support is the 38% retracement of the November-March-rally crossing at 2271.12.

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