U.S. STOCK INDEXES The Dow gapped up and closed sharply higher on Wednesday on hope for progress in the development of tests and vaccines for COVID-19, along with the potential for another fiscal stimulus package in Washington. The high-range close sets the stage for a steady to higher opening when Thursday'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 this month's rally, February's high crossing at 29,568.57 is the next upside target. Closes below the 20-day moving average crossing at 28,065.02 would confirm that a short-term top has been posted. First resistance is today's high crossing at 28,976.58. Second resistance is February's high crossing at 29,568.57. First support is the 20-day moving average crossing at 28,065.02. Second support is the 50-day moving average crossing at 27,001.98. The September NASDAQ 100 closed higher on Tuesday as it extends this year's rally into record territory. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. If September extends the rally off March's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 11,550.15 would confirm that a short-term top has been posted. First resistance is Today's high crossing at 12,465.25. Second resistance is unknown. First support is the 10-day moving average crossing at 11,916.00. Second support is the 20-day moving average crossing at 11,550.15. The September S&P 500 closed higher on Wednesday as it extends this year's rally into uncharted territory. The high-range close sets the stage for a steady to higher opening when Thursday'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 3414.46 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3568.88. Second resistance is unknown. First support is the 10-day moving average crossing at 3467.90. Second support is the 20-day moving average crossing at 3214.46. 
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