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U.S. STOCK INDEXES

The Dow closed sharply lower for the second day in a row on Friday. 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. Closes below the 50-day moving average crossing at 30,863.07 would signal that a short-term top has been posted. If the Dow resumes the rally off February's low into uncharted territory, upside targets hard to project. First resistance is Wednesday's high crossing at 32,009.64. Second resistance is unknown. First support is the 50-day moving average crossing at 30,863.07. Second support is January's low crossing at 29,856.30.

The March NASDAQ 100 closed higher on Friday as it consolidated some of this month's decline but remains below the 50-day moving average crossing at 13,132.79. The mid-range close sets the stage for a steady to higher 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 month's decline, January's low crossing at 12,491.25 is the next downside target. Closes above the 20-day moving average crossing at 13,444.55 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 13,444.55. Second resistance is February's high crossing at 13,900.50. First support is today's low crossing at 12,662.25. Second support is January's low crossing at 12,491.25.

The March S&P 500 closed lower on Friday as it extended the decline off February's high. The low-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 50-day moving average crossing at 3801.61 would confirm that a short-term top has been posted. If March renews the rally into uncharted territory, upside targets will be hard to project. First resistance is February's high crossing at 3959.25. Second resistance is unknown. First support is the 50-day moving average crossing at 3801.61. Second support is February's low crossing at 3656.50.