S&P 500
1987.33
+5.03 +0.25%
Dow Indu
17126.90
+152.59 +0.90%
Nasdaq
4546.68
-2.55 -0.06%
Crude Oil
80.92
-1.28 -1.56%
Gold
1202.625
-11.325 -0.93%
Euro
1.262425
+0.000245 +0.02%
US Dollar
86.003
+0.012 +0.02%
Weak

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U.S. STOCK INDEXES

The December NASDAQ 100 was lower due to profit taking overnight as it consolidates some of the rally off October's low. 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 October's low, September's high crossing at 4118.75 is the next upside target. Closes below the 20-day moving average crossing at 3941.19 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 4099.75. Second resistance is September's high crossing at 4118.75. First support is the 20-day moving average crossing at 3941.19. Second support is the 62% retracement level of the April-September-rally crossing at 3681.02.

The December S&P 500 was lower overnight due to profit taking as it consolidates some of the rally off October's low. 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 October's low, the reaction high crossing at 1992.00 is the next upside target. Closes below the 20-day moving average crossing at 1924.24 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 1992.00. Second resistance is September's high crossing at 2014.30. First support is the 20-day moving average crossing at 1924.24. Second support is October's low crossing at 1814.00.

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