U.S. STOCK INDEXES The Dow closed higher on Friday as it extends the rally off February's low. 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 the Dow extends the rally off February's low, the February 15th high crossing at 35,047.79 is the next upside target. Closes below the 20-day moving average crossing at 33,817.08 would signal that a short-term top has been posted. First resistance is the February 15th high crossing at 35,047.79. Second resistance is the 62% retracement level of the January-February decline crossing at 35,163.66. First support is the 10-day moving average crossing at 34,299.80. Second support is the 20-day moving average crossing at 33,817.08. Third support is the March 8th low crossing at 32,578.73. The June NASDAQ 100 closed lower on Friday as it consolidated some of the rally off March's low. The mid-range close sets the stage for a steady to lower 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 June extends the rally off March's low, the February 9th high crossing at 15,070.75 is the next upside target. Closes below the 20-day moving average crossing at 13,972.35 would signal that a short-term top has been posted. First resistance is the 50% retracement level of the November-March decline crossing at 14,822.42. Second resistance is the February 9th high crossing at 15,070.75. First support is the 20-day moving average crossing at 13,972.35. Second support is March's low crossing at 12,942.50. The June S&P 500 closed slightly higher on Friday as it extends the rally off February's low. 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 June extends the rally off last-Tuesday's low, February's high crossing at 4578.50 is the next upside target. Closes below the 20-day moving average crossing at 4341.10 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the January-February decline crossing at 4530.57. Second resistance is the February 9th high crossing at 4578.50. First support is the 10-day moving average crossing at 4406.40. Second support is the 20-day moving average crossing at 4341.10.
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