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U.S. STOCK INDEXES

The Dow closed higher on Friday as it extended this week's rally into uncharted territory. 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 the Dow extends the rally off January's low into uncharted territory, upside targets hard to project. Closes below the 20-day moving average crossing at 33,268.98 would signal that a short-term top has been posted. First resistance is today's high crossing at 34,256.75. Second resistance is unknown. First support is the 20-day moving average crossing at 33,268.98. Second support is the 50-day moving average crossing at 32,352.53.

The June NASDAQ 100 closed slightly higher on Friday as it extended the rally off March'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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 13,382.16 would signal that a short-term top has been posted. First resistance is today's high crossing at 14,059.50. Second resistance is unknown. First support is the 10-day moving average crossing at 13,796.00. Second support is the 20-day moving average crossing at 13,382.16.

The June S&P 500 closed higher today as it posted a new contract high. The high-range close sets the stage for a steady to slightly 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 March's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 4024.12 would signal that a short-term top has been posted. First resistance is today's high crossing at 4179.25. Second resistance is unknown. First support is the 10-day moving average crossing at 4112.32. Second support is the 20-day moving average crossing at 4024.12.