U.S. STOCK INDEXES The December NASDAQ 100 was higher overnight as it extends the trading range of the past two-weeks. Meanwhile, Dow futures extended Monday's rally on vaccine optimism and signs of an orderly U.S. political transition. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 11,568.56 would signal that a short-term top has been posted. If the NASDAQ 100 renews this month's rally, September's high crossing at 12,444.75 is the next upside target. First resistance September's high crossing at 12,444.75. Second resistance is monthly resistance crossing at 12,465.25. First support is the 20-day moving average crossing at 11,731.63. Second is the 50-day moving average crossing at 11,568.56. The December S&P 500 was higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are still possible near-term. Closes below the November 9th gap crossing at 3502.70 would confirm that a short-term top has been posted. If December resumes this year's rally into uncharted territory, upside targets will be hard to project. First resistance is November's high crossing at 3658.40. Second resistance is unknown. First support is the 20-day moving average crossing at 3479.40. Second support is the 50-day moving average crossing at 3424.06. 
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