11/16/18

Lincoln Oehlers | November 15, 2018

S&P 500 (SPY) Unless this closes the week over 275.30, today’s rally got us closer to a short with less risk.

Russell 2000 (IWM) 150.50 pivotal support. Overall, 154 big resistance so if 150.50 breaks, this rally was meager

Dow (DIA) Cleared back over the 50 DMA at 251. Pivotal support-also the only index that is still above the 50 WMA.

Nasdaq (QQQ) 170 resistance and 162.50 closest support. Also note this is back under the 50 WMA at 170.35.