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U.S. STOCK INDEXES

The March NASDAQ 100 closed higher on Monday as it extends the rebound off last week's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews this year's rally into record territory, upside targets will be hard to project. If December resumes the decline off November's high, the 50-day moving average crossing at 6238.07 is the next downside target. First resistance is November's high crossing at 6446.50. Second resistance is unknown. First support is the 50-day moving average crossing at 6238.07. Second support is the reaction low crossing at 6206.00.

The March S&P 500 closed higher on Monday. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2613.87 would confirm that a short-term top has been posted. First resistance is last Monday's high crossing at 2664.40. Second resistance is unknown. First support is the 20-day moving average crossing at 2613.87. Second support is the 50-day moving average crossing at 2583.32.

The Dow closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow renews this year's rally into uncharted territory, upside targets will be hard to project. Closes below the November 30th gap crossing at 23,959.76 would confirm that a short-term top has been posted. First resistance is last Monday's high crossing at 24,534.04. Second resistance is unknown. First support is the November 30th gap crossing at 23,959.76. Second support is the November 29th gap crossing at 23,849.61.

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