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2020/08/28

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 28492.27 +160.35 +0.64%
NASDAQ Composite 11625.34 -39.72 -0.42%
S&P 500 3484.55 +5.82 +0.19%
SPDR S&P 500 348.32 +0.75 +0.25%
iShares Russell 2000 ETF 155.8150 +0.3950 +0.29%
U.S. STOCK INDEXES

The September NASDAQ 100 was lower overnight as it consolidates some of this month's rally. The low-range trade sets the stage for a steady to lower 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 11,367.81 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 12,046.00. Second resistance is unknown. First support is the 20-day moving average crossing at 11,367.81. Second support is the 50-day moving average crossing at 10,842.45.

The September S&P 500 was slightly higher overnight as it extends this year's rally. The mid-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 3369.38 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 3509.50. Second resistance is unknown. First support is the 20-day moving average crossing at 3369.38. Second support is the 50-day moving average crossing at 3243.28.



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