2/8/19

February 7, 2019

Uncategorized

By Lincoln Oehlers


S&P 500 (SPY) A weekly close over 269 will keep the bulls in the game. Under 266.24 will embolden the bears. A close over 272.58 will excite the bulls.

Russell 2000 (IWM) A weekly close under 147.95 not so healthy. Above 152.40 a miracle. In between, I’d use 150 as pivotal.

Dow (DIA) A weekly close over 248.96 will keep the bulls in the game. Under 246.47 will embolden the bears. A close over 254.35 will excite the bulls as we are above the 200-DMA but working a reversal topping pattern.

Nasdaq (QQQ) A weekly close over 166.68 will keep the bulls in the game. Under 165.29 will embolden the bears. A close over 170.14 will excite the bulls.

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