U.S. STOCK INDEXES The Dow closed lower on Thursday as it extends the trading range of the past two-weeks. The mid-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If the Dow renews the decline off September's high, the 25% retracement level of the March-September-rally crossing at 26,727.96 is the next downside target. Close above Wednesday's high crossing at 28,367.77 would temper the near-term bearish outlook. First resistance is September's high crossing at 29,199.35. Second resistance is February's high crossing at 29,568.57. First support is the 50-day moving average crossing at 27,430.10. Second support is the 25% retracement level of the March-September-rally crossing at 26,727.96. The December NASDAQ 100 closed lower on Thursday as it extends a two-week old trading range. The mid-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off September's high, the 38% retracement level of the March-September-rally crossing at 10,354.13 is the next downside target. Closes above the 20-day moving average crossing at 11,597.36 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 11,597.36. Second resistance is September's high crossing at 12,465.25. First support is today's low crossing at 10,904.25. Second support is the 38% retracement level of the March-September-rally crossing at 10,354.13. The December S&P 500 closed lower on Thursday as it extends a two-week old trading range. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes the decline off September's high, the 25% retracement level of the March-September-rally crossing at 3228.49 is the next downside target. Closes above the 20-day moving average crossing at 3416.74 would confirm that a short-term top has been posted. First resistance is the 20-day moving average crossing at 3416.74. Second resistance is September's high crossing at 3568.80. First support is Friday's low crossing at 3323.30. Second support is the 25% retracement level of the March-September-rally crossing at 3228.49. 
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