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The March NASDAQ 100 closed sharply lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, November's low crossing at 6449.50 is the next downside target. Closes above today's high crossing at 6881.00 would temper the near-term bearish outlook. First resistance is the 50-day moving average crossing at 7058.24. Second resistance is November's high crossing at 7262.00. First support is Thursday's low crossing at 6658.50. Second support is November's low crossing at 6449.50.

The December S&P 500 closed sharply lower on Friday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, October's low crossing at 2605.00 is the next downside target. Closes above the 50-day moving average crossing at 2755.95 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 2755.95. Second resistance is the 62% retracement level of the September-October-decline crossing at 2815.64. First support is Thursday's low crossing at 2622.00. Second support is October's low crossing at 2605.00.

The Dow closed sharply lower on Friday as it extends this week's decline. U.S. stocks deepen their losses today as new concerns on trade relations with China overshadowed the November employment report. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. The low-range close sets the stage for a steady to lower opening on Monday. If the Dow extends this week's decline, October's low crossing at 24,122.23 is the next downside target. Closes above the 20-day moving average crossing at 25,134.91 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 25,134.91. Second resistance is Monday's high crossing at 25,980.21. First support is Thursday's low crossing at 24,242.22. Second support is October's low crossing at 24,122.23.

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