U.S. STOCK INDEXES The September NASDAQ 100 gapped down and was lower overnight as it extended last-Friday's sharp decline. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 12,508.24 would open the door for a possible test of the July 26th low crossing at 12,072.00. Closes above the 20-day moving average crossing at 13,193.10 would signal that a short-term low has been posted. First resistance is last-Friday's high crossing at 13,220.00. Second resistance is August's high crossing at 13,740.75. First support is the 50-day moving average crossing at 12,508.24. Second support is the July 26th low crossing at 12,072.00. The September S&P 500 was lower overnight as it extends the decline off last-Friday's high. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day crossing at 4005.68 would open the door for additional weakness. Closes above last-Friday's high crossing at 4217.25 would signal that a short-term low has been posted. First resistance is last-Friday's high crossing at 4217.25. Second resistance is August's high crossing at 4327.50. First support is the 50-day moving average crossing at 4005.64. Second support is the July 26th low crossing at 3913.25. 
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