U.S. STOCK INDEXES The Dow posted an inside day with a lower close on Tuesday as it consolidated some of Monday's record setting rally. The low-range close sets the stage for a steady to lower opening when Wednesday'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 32,815.79 would signal that a short-term top has been posted. First resistance is Monday's high crossing at 33,617.95. Second resistance is unknown. First support is the March 25th low crossing at 32,071.41. Second support is the 50-day moving average crossing at 31,837.96. The June NASDAQ 100 closed slightly lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday'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, February's high crossing at 13,888.00 is the next upside target. Closes below the 20-day moving average crossing at 13,025.70 would signal that a short-term top has been posted. First resistance is today's high crossing at 13,655.00. Second resistance is February's high crossing at 13,888.00. First support is the 20-day moving average crossing at 13,025.70. Second support is the March 25th low crossing at 12,609.75. The June S&P 500 closed slightly lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday'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 50-day moving average crossing at 3883.99 would signal that a short-term top has been posted. First resistance is today's high crossing at 4076.00. Second resistance is unknown. First support is the 10-day moving average crossing at 3966.55. Second support is the 20-day moving average crossing at 3944.31.
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