12/6/18

Lincoln Oehlers | December 4, 2018

S&P 500 (SPY) Unconfirmed Distribution phase. 270 may offer support and if so, this has its work cut out for it to get back to 276. If it fails 270, 262.50 next big area of support.

Russell 2000 (IWM) As the weakest, the decline is also the strongest. 150.50 the best overhead resistance with 144.70 the next support

Dow (DIA) Unconfirmed Distribution phase. 250 the best support with 255 big resistance. If 250 fails looking at 242 next

Nasdaq (QQQ) 165 now some support. That QID trade worked great. 157.75 the best underlying support and back above 170 some relief