U.S. STOCK INDEXES The December NASDAQ 100 were lower overnight as investors were unnerved after a chaotic and messy presidential debate, and rising coronavirus cases. The mid-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 11,263.83 would signal that a short-term low has been posted. If December resumes the decline off September's high, the 38% retracement level of the March-August-rally crossing at 10,354.13 is the next downside target. First resistance the September 10th high crossing at 11,554.00. Second resistance is September's high crossing at 12,465.25. First support is the 38% retracement level of the March-August-rally crossing at 10,354.13. Second support is the 50% retracement level of the March-August-rally crossing at 9,702.96. The December S&P 500 was lower overnight as it consolidates some of the rally off last-Friday's low. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 3347.20 would signal that a short-term low has been posted. If December resumes the decline off September's high, the July 24th low crossing at 3193.20 is the next downside target. First resistance is the 20-day moving average crossing at 3347.20. Second resistance is September's high crossing at 3524.50. First support is the 25% retracement level of the March-August-rally crossing at 3228.49. Second support is the 38% retracement level of the March-August-rally crossing at 3049.78.
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