U.S. STOCK INDEXESThe March NASDAQ 100 closed slightly lower on Friday as a late-session rebound erased early-session losses. Today's mid-range close sets the stage for a steady 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, the 25% retracement level of the October-December-rally crossing at 4179.81 is the next downside target. Closes above the 10-day moving average crossing at 4274.45 would confirm that a short-term top has been posted. First resistance is the 10-day moving average crossing at 4274.45. Second resistance is November's high crossing at 4342.00. First support is the 25% retracement level of the October-December-rally crossing at 4179.81. Second support is the 38% retracement level of the October-December-rally crossing at 4093.03. The March S&P 500 closed lower on Friday and below the 25% retracement level of the October-December-rally crossing at 2012.43 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 oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If March extends this week's decline, the 38% retracement level of the October-December-rally crossing at 1981.73 is the next downside target. Closes above the 20-day moving average crossing at 2047.36 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 2047.36. Second resistance is December's high crossing at 2069.80. First support is today's low crossing at 2005.00. Second support is the 38% retracement level of the October-December-rally crossing at 1981.73. The Dow closed extended this week's decline on Friday due to ongoing weakness in crude oil. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If the Dow extends this week's decline, the 38% retracement level of the October-December-rally rally at 17,175.11 is the next downside target. Close above the 20-day moving average crossing at 17,754.76 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 17,754.76. Second resistance is December's high crossing at 17,991.19. First support is today's low crossing at 17,357.30. Second support is the 38% retracement level of the October-December-rally crossing at 17,175.11. 
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