12/03/18

Lincoln Oehlers | December 2, 2018

S&P 500 (SPY) This cleared back over the 200 DMA and the 50 WMA. That makes 276 uber pivotal for Monday.

Russell 2000 (IWM) Still by far the weakest which is concerning. By the time (if it does) this gets to its 50 WMA at 159.50, it’ll be time to go short. And now must hold 150.50.

Dow (DIA) Rallied right to the 50 DMA resistance at 255.65

Nasdaq (QQQ) Did not close out the week over 170.60 (the 50 WMA) therefore, trouble still looms