U.S. STOCK INDEXES The Dow posted closed higher on Thursday leaving yesterday's key reversal down unconfirmed. The mid-range close sets the stage for a steady to higher opening when Friday's night 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 the Dow extends the decline off September's high, the 25% retracement level of the March-September-rally crossing at 26,464.30 is the next downside target. Close above last-Wednesday's high crossing at 28,364.77 would signal that a short-term low has been posted. 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 25% retracement level of the March-September-rally crossing at 26,464.30. Second support is the 38% retracement level of the March-September-rally crossing at 25,010.37. The December NASDAQ 100 closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night 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-September-rally crossing at 10,354.13 is the next downside target. Closes above the 20-day moving average crossing at 11,426.15 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 11,426.15. Second resistance is September's high crossing at 12,465.25. First support is Monday's low crossing at 10,656.50. Second support is the 38% retracement level of the March-September-rally crossing at 10,354.13. The December S&P 500 closed slightly higher on Thursday. 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 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 3217.00 is the next downside target. Closes above the 20-day moving average crossing at 3380.41 would confirm that a short-term top has been posted. First resistance is the 20-day moving average crossing at 3380.41. Second resistance is September's high crossing at 3568.80. First support is today's low crossing at 3210.88. Second support is the 38% retracement level of the March-September-rally crossing at 3049.78. 
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