S&P 500
1961.12
+10.30 +0.53%
Dow Indu
16780.91
+103.01 +0.62%
Nasdaq
4472.94
+20.15 +0.45%
Crude Oil
81.01
-1.08 -1.32%
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1231.515
+1.065 +0.09%
Euro
1.266600
+0.000925 +0.07%
US Dollar
85.701
-0.131 -0.17%
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U.S. STOCK INDEXES

The December NASDAQ 100 was lower overnight as it consolidates some of the rally off last Thursday's low. Stochastics and the RSI are becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the aforementioned rally, the reaction high crossing at 4047.75 is the next upside target. Closes below the 10-day moving average crossing at 3868.85 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 4047.75. Second resistance is September's high crossing at 4118.75. First support is the 10-day moving average crossing at 3868.85. Second support is the 62% retracement level of the April-September-rally crossing at 3681.02.

The December S&P 500 was lower overnight as it consolidates some of the rally off last Wednesday's low. Stochastics and the RSI are becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off last Wednesday's low, the reaction high crossing at 1970.20 is the next upside target. Closes below the 10-day moving average crossing at 1896.73 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 1970.20. Second resistance is September's high crossing at 2014.30. First support is the 10-day moving average crossing at 1896.73. Second support is last Wednesday's low crossing at 1814.00.

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