U.S. STOCK INDEXES The Dow closed higher on Friday's as it consolidated some of the decline off Tuesday's high. 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 and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 34,144.28 would signal that a short-term top has been posted. If the Dow extends the rally off February's low, the 75% retracement level of the January-February decline crossing at 35,783.87 is the next upside target. First resistance is Tuesday's high crossing at 35,372.26. Second resistance is the 75% retracement level of the January-February decline crossing at 35,783.87. First support is the 50-day moving average crossing at 34,338.71. Second support is the 20-day moving average crossing at 34,144.28. The June NASDAQ 100 closed lower for the third day in a row 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 75% retracement level of the November-March decline crossing at 15,763.56 is the next upside target. Closes below the 20-day moving average crossing at 14,207.34 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the November-March decline crossing at 15,262.64. Second resistance is the 75% retracement level of the November-March decline crossing at 15,763.56. First support is the 10-day moving average crossing at 14,799.38. Second support is the 50-day moving average crossing at 14,296.00. The June S&P 500 closed slightly higher on Friday as it consolidated some of Thursday's decline. 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 June extends the rally off February's low, the 87% retracement level of the January-February decline crossing at 4709.80 is the next upside target. Closes below the 20-day moving average crossing at 4399.48 would signal that a short-term top has been posted. First resistance is the 75% retracement level of the December-February decline crossing at 4624.48. Second resistance is the 87% retracement level of the January-February decline crossing at 4709.80. First support is the 10-day moving average crossing at 4530.93. Second support is the 20-day moving average crossing at 4399.48.
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