11/13/18

Lincoln Oehlers | November 12, 2018

S&P 500 (SPY)Broke the 200 DMA support line at 276.07 and the 50-WMA at 275.16. Now in an unconfirmed distribution phase. If it cannot get back over either of those areas, could see 270 then 268.

Russell 2000 (IWM) Under 150.50 more trouble coming. A move over 154 would be a relief

Dow (DIA) I told you not to trust the Dow-now under the 50 DMA (unconfirmed warning phase) and probably on the way to test the 200 DMA at 251 again

Nasdaq (QQQ) Sliced through the 170 support and now has some at 160