Reply #13: INO blather has no mention of terra

[54anickel]

The September NASDAQ 100 was lower overnight due to light profit taking but remains above the 10-day moving average crossing at 1392.90. Stochastics and the RSI are turning bullish signaling that a low is in or is near. Multiple closes above the 20-day moving average crossing at 1409.63 would open the door for a larger-degree rebound during the first half of August. Closes below March's low crossing at 1373 would open the door for a possible test of weekly support crossing at 1346 later this summer. The September NASDAQ 100 was down 8.50 pt. at 1394 as of 6:47 AM ET. Overnight action sets the stage for a steady to weaker opening by the NASDAQ composite index later this morning.

The September S&P 500 index was lower overnight as it consolidates some of last Friday's short covering rally but remains above the 75% retracement level of the May-June rally crossing at 1095.17. Stochastics and the RSI have turned bullish signaling that a low is in or is near. Multiple closes above the 20-day moving average crossing at 1102.49 would open the door for a larger-degree rebound during the first half of August. If September extends July's decline, a test of May's low crossing at 1079.50 is the next downside target. The September S&P 500 Index was down 3.90 pts. at 1097.20 as of 6:49 AM ET. Overnight action sets the stage for a steady to weaker opening when the day session begins later this morning.