US Stock Indexes

By Ino.com

The June NASDAQ 100 was lower overnight as it extends the decline off April’s high. Wall Street is setting up for another day in the red as U.S. Treasury yields kept stepping higher above 3%. U.S. stock futures are poised to open with sizeable losses as nervous investors pressure global equity markets and keep an eye on yields. A packed day of corporate earnings could help drive direction, with results from Twitter, Comcast and Boeing expected to come in before the market open. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off April’s high, April’s low crossing at 6306.75 is the next downside target. Closes above the 50-day moving average crossing at 6770.74 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 6770.74. Second resistance is the reaction high crossing at 6951.00. First support is the reaction low crossing at 6408.50. Second support is April’s low crossing at 6306.75.

The June S&P 500 was lower overnight as it extends the decline off last Wednesday’s high. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off last Wednesday’s high, the reaction low crossing at 2584.50 is the next downside target. Closes above the 50-day moving average crossing at 2691.51 would confirm that a short-term low has been posted. First resistance is April’s high crossing at 2718.00. Second resistance is the reaction high crossing at 2741.00. First support is the reaction low crossing at 2584.50. Second support is April’s low crossing at 2554.00.

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Gary

NFTRH.com & Biiwii.com