After Thursday's close, the overnight systems produced a signal based on NYSE new 52-week lows which keeps the odds bent in favor of sideways price action. Attempts to advance can produce a few trade days of higher prices, but a retracement usually follows.
The NASDAQ index has a layer of immediate support 1844-1815, then 1808-1773, with a focus 1803-1793. Immediate intraday resistance is 1855-1874, then 1878-1899.
The S&P 500 is testing immediate resistance 1142-1157. Resistance actually runs 1142-1174.
The S&P 500 has immediate support 1132-1126. There is considerable support for the S&P 500 in the 1130-1107 area. Cherney is market analyst for Standard & Poor's