U.S. STOCK INDEXES The December NASDAQ 100 was lower overnight as it extends Wednesday's decline. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends 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. Closes above the 20-day moving average crossing at 11,419.20 would signal that a short-term low has been posted. First resistance the 20-day moving average crossing at 11,419.20. 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 steady to slightly higher overnight as it consolidates some of the decline off September's high. The high-range overnight trade sets the stage for a steady to slightly higher opening when the day session begins trading later this morning. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off September's high, the July 24th low crossing at 3193.20 is the next downside target. Closes above the 20-day moving average crossing at 3380.77 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 3380.77. 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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