U.S. STOCK INDEXES The June NASDAQ 100 was slightly higher in overnight trading as it consolidates some of the decline off March's high. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling sideways to higher prices are possible near-term. If June extends the decline off March's high, the 62% retracement level of March's rally crossing at 13,835.93 is the next downside target. Closes above the 10-day moving average crossing at 14,617.15 would signal that a short-term low has been posted. First resistance is the 62% retracement level of the November-March decline crossing at 15,266.64. Second resistance is the 75% retracement level of the November-March decline crossing at 15,763.56. First support is the 62% retracement level of March's rally crossing at 13,835.93. Second support is the 75% retracement level of March's rally crossing at 13,529.10. The June S&P 500 was steady to slightly lower overnight as it extends the decline off March's high. The high-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off March's high, the 50% retracement level of the February-March rally crossing at 4362.82 is the next downside target. Closes above the 10-day moving average crossing at 4503.75 would signal that a short-term low has been posted. If June renews the rally off February's low, the 87% retracement level of the January-February decline crossing at 4709.86 is the next upside target. First resistance is the 10-day moving average crossing at 4503.75. Second resistance is March's high crossing at 4631.00. First support is the 50% retracement level of the February-March rally crossing at 4362.82. Second support is the 62% retracement level of the February-March rally crossing at 4299.33. 
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