U.S. STOCK INDEXES September S&P 500 e-mini futures: Prices are weaker in early U.S. trading and did hit a 5.5-month high overnight. Bulls still have the solid overall near-term technical advantage amid a 4.5-month-old price uptrend in place. The shorter-term moving averages (4-, 9- and 18-day) are bullish early today. The 4-day moving average is above the 9-day. The 9-day is above the 18-day moving average. Short- term oscillators (RSI, slow stochastics) are neutral to bearish early today. Today, shorter-term technical resistance comes in at the overnight high of 3,297.75 and then at 3,325.00. Buy stops likely reside just above those levels. Downside support for active traders today is seen at 3,250.00 and then at 3,225.00. Wyckoff's Intra-day Market Rating: 4.5 September Nasdaq index futures: Prices are weaker in early U.S. trading after hitting a record high overnight. Bulls remain in solid overall technical control. Shorter-term moving averages (4- 9-and 18-day) are neutral early today. The 4-day moving average is even with the 9-day. The 9-day average is above the 18-day. Short-term oscillators (RSI, slow stochastics) are neutral early today. Shorter-term technical resistance is seen at the overnight high of 11,0092.00 and then at 11,200.00. On the downside, shorter- term support is seen at Monday's low of 10,876.25 and then at 10,750. Wyckoff's Intra-Day Market Rating: 4.5.
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