U.S. STOCK INDEXES The December NASDAQ 100 were higher overnight as it extends the rally off September's low. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the NASDAQ 100 extends the rally off September's low, September's high crossing at 12,444.75 is the next upside target. Closes below the 20-day moving average crossing at 11,344.75 would signal that a short-term top has been posted. First resistance the overnight high crossing at 12,249.00. Second resistance is September's high crossing at 12,444.75. First support is the 20-day moving average crossing at 11,344.75. Second support is September's low crossing at 10,656.50. Third support is the 38% retracement level of the March-August-rally crossing at 10,354.13. The December S&P 500 was lower overnight following a report that Johnson & Johnson's Covid-19 vaccine study has been paused due to an unexplained illness in a participant. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, September's high crossing at 3568.80 is the next upside target. Closes below the 20-day moving average crossing at 3361.33 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 3532.80. Second resistance is September's high crossing at 3568.80. First support is the 20-day moving average crossing at 3361.33. Second support is the 25% retracement level of the March-August-rally crossing at 3228.49. 
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