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The March NASDAQ 100 closed higher due to short covering on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night 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 March extends the decline off December's high, last-February's low crossing at 6399.25 is the next downside target. Closes above last-Wednesday's high crossing at 6897.00 would temper the bearish outlook. First resistance is the 50-day moving average crossing at 6925.13. Second resistance is December's high crossing at 7169.00. First support is Monday's low crossing at 6487.25. Second support is last-February's low crossing at 6399.25.

The March S&P 500 closed lower on Tuesday as it extends the decline off September's high. The low-range close sets the stage for a steady to lower opening when Wednesday's night 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 March extends the decline off December's high, the 75% retracement level of the 2017-2018-rally crossing at 2482.56 is the next downside target. Closes above the 20-day moving average crossing at 2670.59 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 2670.59. Second resistance is the 50-day moving average crossing at 2719.53. First support is Monday's low crossing at 2559.00. Second support is the 75% retracement level of the 2017-2018-rally crossing at 2482.56.

The Dow closed higher on Tuesday as it consolidates some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Wednesday's night 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 decline off December's high, the April-2018 low crossing at 23,244.52 is the next downside target. Closes above the 20-day moving average crossing at 24,672.00 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 24,672.00. Second resistance is the 50-day moving average crossing at 25,113.88. First support is Monday's low crossing at 23,646.42. Second support is April's low crossing at 23,244.52.

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