The September NASDAQ 100 was higher overnight as it extends the rally off June's low. Stock-index futures rallied for the fourth time in five days, on mounting optimism that this week's meetings among euro-area leaders will lead to progress in resolving Europe's debt crisis. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, psychological resistance crossing at 2800.00 is the next upside target. Closes below the 20-day moving average crossing at 2689.33 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 2789.75. Second resistance is psychological resistance crossing at 2800.00. First support is the 10-day moving average crossing at 2744.55. Second support is the 20-day moving average crossing at 2689.33.<\/p>\n
The September S&P 500 index was higher overnight as it extends this summer's rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, weekly resistance crossing at 1419.60 is the next upside target. Closes below the 20-day moving average crossing at 1390.25 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 1419.20. Second resistance is weekly resistance crossing at 1419.60. First support is the 10-day moving average crossing at 1406.96. Second support is the 20-day moving average crossing at 1390.25.<\/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 was higher overnight as it extends the rally off June's low. Stock-index futures rallied for the fourth time in five days, on mounting optimism that this week's meetings among euro-area leaders will lead to progress in resolving Europe's debt crisis. Stochastics and the RSI are overbought but remain neutral to bullish […]<\/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":[3713,4429],"class_list":["post-15784","post","type-post","status-publish","format-standard","hentry","category-general","tag-indexes","tag-morning-commentary"],"yoast_head":"\n