11/9/18

Lincoln Oehlers | November 8, 2018

S&P 500 (SPY) Confirmed the warning phase, the 200 DMA support line is at 276.07. The 50-WMA this now recaptured is lower at 275.16. Next resistance is the 50 DMA above at 283.

Russell 2000 (IWM) 160.73 is the overhead 200 DMA, which corresponds with the 50-WMA at 159.60. Under 155, I’d get more cautious.

Dow (DIA) 258.70 is the 50-DMA support this must hold

Nasdaq (QQQ) 172.27 the underlying 200 DMA support with resistance at the overhead 50 DMA at 178.40