The September NASDAQ 100 closed sharply higher on Friday as it extended the rebound off Wednesday's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and
\nthe RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends today's rally, the reaction high crossing at 2658.00 is the next upside target. Closes below would confirm that a trend change has taken place while opening the door for sideways to lower prices near-term. First resistance is the reaction high crossing at 2658.00. Second resistance is the May 4th gap crossing at 2686.50. First support is the reaction low crossing near 2516.50. Second support is the reaction low crossing at 2503.50.<\/p>\n
The September S&P 500 index closed sharply higher on Friday and above the previous reaction high crossing at 1375.70 thereby renewing the rally off June's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, May's high crossing at 1395.50 is the next upside target. Closes below the reaction low crossing at 1320.00 would confirm an end to this summer's rally while opening the door for a larger-degree decline into early August. First resistance is today's high crossing at 1384.00. Second resistance is May's high crossing at 1395.50. First support is Wednesday's low crossing at 1321.30. Second support is the reaction low crossing at 1320.00.<\/p>\n
The Dow closed sharply higher on Friday renewing its rally off June's low and closed above the 75% retracement level of the May-June decline crossing at 13,014. Today's high-range close sets the stage for a steady to higher opening
\non Monday. If the Dow extends the aforementioned rally, the 87% retracement level of the May-June decline crossing at 13,177 it the next upside target. Closes below the 20-day moving average crossing at 12,795 would confirm that a short-term top has been posted. First resistance is today's high crossing at 13,117. Second resistance is the 87% retracement level of the May-June decline crossing at 13,177. First support is the 20-day moving average crossing at 12,795. Second support is Tuesday's low crossing at 12,521.<\/p>\n
To receive INO.com<\/a>\u2018s Daily Market Analysis & Commentary click here<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The September NASDAQ 100 closed sharply higher on Friday as it extended the rebound off Wednesday's low. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3713,4462],"class_list":["post-15482","post","type-post","status-publish","format-standard","hentry","category-general","tag-indexes","tag-market-commentary"],"yoast_head":"\n