U.S. STOCK INDEXES The Dow closed lower on Friday as it extended Thursday's sharp decline that marked a key reversal down with today's lower close. A rebound in the afternoon session tempered some of today's losses. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below the 20-day moving average crossing at 28,144.04 confirms that a short-term top has been posted. If the Dow extends this week's sharp decline, the 50-day moving average crossing at 27,107.74 is the next downside target. If the Dow renews this summer's rally, February's high crossing at 29,568.57 is the next upside target. First resistance is Thursday's high crossing at 29,199.35. Second resistance is February's high crossing at 29,568.57. First support is today's low crossing at 27,664.68. Second support is the 50-day moving average crossing at 27,107.74. The September NASDAQ 100 closed sharply lower on Friday as it extended the sell off from Wednesday's high. An afternoon rebound tempered some of today's losses and the mid-range close sets the stage for a steady to slightly lower opening when Tuesday's night session begins trading. Closes below the 20-day moving average crossing at 11,602.70 are needed to confirm that a short-term top has been posted. If September resumes the rally off March's low into uncharted territory, upside targets will be hard to project. First resistance is Wednesday's high crossing at 12,465.25. Second resistance is unknown. First support is the 20-day moving average crossing at 11,602.70. Second support is the 50-day moving average crossing at 11,042.12. The September S&P 500 closed lower on Friday as it extended Thursday's sharp sell off. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 3427.82 would confirm that a short-term top has been posted. If September renews this year's rally into uncharted territory, upside targets will be hard to project. First resistance is Wednesday's high crossing at 3579.20. Second resistance is unknown. First support is the 20-day moving average crossing at 3427.82. Second support is the 50-day moving average crossing at 3293.68. 
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