U.S. STOCK INDEXES The Dow closed higher on Friday as it consolidates some of this week's sharp decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If the Dow extends this week's decline, the 50-day moving average crossing at 24,336.66 is the next downside target. Closes above Thursday's gap crossing at 26,938.05 would temper the near-term bearish outlook. First resistance is Thursday's gap crossing at 26,938.05. Second resistance is the 87% retracement level of the February-March-decline crossing at 28,090.29. Third resistance is January's high crossing at 29,568.57. First support is today's low crossing at 25,078.41. Second support is the 50-day moving average crossing at 24,336.66. The June NASDAQ 100 closed lower on Friday as it extends Thursday's huge sell off. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 9571.10 are needed to confirm that a short-term top has been posted. If June renews the rally off March's low into uncharted territory, upside targets will be hard to project. First resistance is Wednesday's high crossing at 10,145.50. Second resistance is unknown. First support is the 20-day moving average crossing at 9571.10. Second support is the May 27th low crossing at 9172.50. The September S&P 500 closed higher on Friday as it consolidates some of this week's sharp decline. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the rally off March's low, the 87% retracement level of the February-March-decline crossing at 3237.65 is the next upside target. First resistance is Monday's high crossing at 3216.70. Second resistance is the 87% retracement level of the February-March-decline crossing at 3237.65. First support is Thursday's low crossing at 2999.40. Second support is the 50-day moving average crossing at 2888.81. 
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