10/16/18

Lincoln Oehlers | October 15, 2018

S&P 500 (SPY) 273.89 is the 50-Week MA which is not only pivotal, but crucial to hold for the health of the market

Russell 2000 (IWM) 150 is next best level. It had an inside day and now, must over 155.76 to have a shot of recovering

Dow (DIA) This did not have an inside day, which I would have preferred to see. If it breaks the 200 DMA at 251.41, expect more downside

Nasdaq (QQQ) After a bona fide reversal pattern with volume last Friday, this too had an inside day.