Tuesday, September 1, 2020

How to have a higher accuracy than Wall Street (93.2%+)

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 28430.05 -223.82 -0.89%
NASDAQ Composite 11775.46 +79.83 +0.84%
S&P 500 3500.31 -7.70 -0.26%
SPDR S&P 500 350.03 -0.55 -0.18%
iShares Russell 2000 ETF 155.56 -1.56 -1.16%
U.S. STOCK INDEXES

The September NASDAQ 100 was higher overnight as it extends this month's rally. The high-range trade sets the stage for a steady to higher opening when the day 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 September extends this year's rally into uncharted territory upside targets will be hard to project. Closes below the 20-day moving average crossing at 11,481.54 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 12,248.75. Second resistance is unknown. First support is the 20-day moving average crossing at 11,481.54. Second support is the 50-day moving average crossing at 10,929.67.

The September S&P 500 was higher overnight. The higher-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3391.94 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 3524.50. Second resistance is unknown. First support is the 20-day moving average crossing at 3391.94. Second support is the 50-day moving average crossing at 3260.20.



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