U.S. STOCK INDEXES The Dow closed lower on Wednesday as it extends the decline off November's high. The high-range close sets the stage for a steady to higher opening when Friday's 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 aforementioned decline, the 50-day moving average crossing at 35,257.63 is the next downside target. If the Dow renews this year's rally, upside targets will be hard to project. First resistance is November's high crossing at 36,565.73. Second resistance is unknown. First support is the 50-day moving average crossing at 35,257.63. Second support is the October 13th low crossing at 34,115.10. The December NASDAQ 100 closed higher on Wednesday as it consolidates some of this week's decline. The high-range close sets the stage for a steady to higher opening when Friday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 15,194.01 would signal that a short-term top has been posted. If December renews the rally off October's low, upside targets will be hard to project. First resistance is Monday's high crossing at 16,767.50. Second resistance is unknown. First support is the 20-day moving average crossing at 15,194.01. Second support is the 50-day moving average crossing at 15,520.94. The December S&P 500 was slightly higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Friday's session begins trading. Stochastics and the RSI are neutral to bearish signaling sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 4664.04 would confirm that a short-term top has been posted. If December extends this year's rally, upside targets will be hard to project. First resistance is Monday's high crossing at 4740.50. Second resistance is unknown. First support is the 20-day moving average crossing at 4664.04. Second support is the October 27th low crossing at 4543.75. 
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