U.S. STOCK INDEXES The Dow closed sharply higher on Friday as it renewed the rally off June's low. The high-range close sets the stage for a lower 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 June's low, May's high crossing at 35,091.56 is the next upside target. Closes below the 50-day moving average crossing at 34,314.06 would signal that a short-term top has been posted. First resistance is today's high crossing at 34,887.78. Second resistance is May's high crossing at 35,091.56. First support is the 50-day moving average crossing at 34,314.06. Second support is the June 18th low crossing at 33,271.93. The September NASDAQ 100 closed higher on Friday as it posted a new high close as it extended the rally off May'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 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 14,381.29 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at 14,883.75. Second resistance is unknown. First support is the 10-day moving average crossing at 14,633.05. Second support is the 20-day moving average crossing at 14,381.29. The September S&P 500 closed higher on Friday as it extended this year's rally to a new high. 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 September extends this year's rally upside targets are hard to project. Closes below the 20-day moving average crossing at 4268.40 would confirm that a short-term top has been posted. First resistance is today's high crossing at 4362.00. Second resistance is unknown. First support is the 20-day moving average crossing at 4268.40. Second support is the 50-day moving average crossing at 4208.86. 
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