U.S. STOCK INDEXES The Dow posted an inside day with a higher close on Friday. The mid-range close sets the stage for a steady to higher opening when Monday'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 50-day moving average crossing at 27,275.67 is the next downside target. Closes above the 10-day moving average crossing at 28,186.56 would temper the near-term bearish outlook. If the Dow renews this summer's rally, February's high crossing at 29,568.57 is the next upside target. 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 Thursday's low crossing at 27,447.08. Second support is the 50-day moving average crossing at 27,275.67. The December NASDAQ 100 closed lower on Friday and below the 50-day moving average crossing at 11,115.22. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. If December extends the decline off September's high, the July 24th low crossing at 10,297.00 is the next downside target. Closes above the 10-day moving average crossing at 11,673.65 would temper the near-term bearish outlook. First resistance is the 10-day moving average crossing at 11,673.65. Second resistance is September's high crossing at 12,465.25. First support is today's low crossing at 10,924.00. Second support is the July 24th low crossing at 10,297.00. The December S&P 500 closed slightly higher on Friday. The mid-range close sets the stage for a steady to lower opening when Monday'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 50-day moving average crossing at 3306.07 is the next downside target. Closes above the 10-day moving average crossing at 3431.88 would confirm that a short-term top has been posted. First resistance is the 10-day moving average crossing at 3431.88. Second resistance is September's high crossing at 3568.80. First support is Tuesday's low crossing at 3325.10. Second support is the 50-day moving average crossing at 3306.07. 
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