10/12/18

Lincoln Oehlers | October 11, 2018

S&P 500 (SPY) Well, we did not exactly get a V-bottom. What we did get was a shallow bounce and more downside. 273.89 is the 50-Week MA this closed just below-if recaptures by end of day, some relief.

Russell 2000 (IWM) 150 is next best level. Unless it closes with some reversal pattern

Dow (DIA) 249.56 is this index’s 50-WMA-and so far holding

Nasdaq (QQQ) 168.69 the 50-WMA.