11/29/18

Lincoln Oehlers | November 28, 2018

S&P 500 (SPY) 270 now support. And it was just last week we were looking at 276 resistance-that is the 200 DMA and 50 WMA-key to clear or not

Russell 2000 (IWM) Still by far the weakest which is concerning. 160 is to IWM at 193.75 is to IYT. What does that tell us? If IWM can get there, that’ll be the time to go short. And if it cannot get there, under 193.75 in IYT by week’s end, also a place to short

Dow (DIA) 251 the 200 DMA pivotal

Nasdaq (QQQ) 164.50 now support. If tis cannot close the week out over 170.60, trouble still looms