12/04/18

Lincoln Oehlers | December 3, 2018

S&P 500 (SPY) Unconfirmed bullish phase. 276 the big support now. Last swing high off the lows was 281.22 now resistance.

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 may be time to go short. And now must hold 150.50.

Dow (DIA) Unconfirmed bullish phase. Making 255.50 pivotal support

Nasdaq (QQQ) Death cross with the price right at the moving averages. If history serves us well, should this fail 171.80 area and not get back over 172.50, could be a low risk short using QID.