1/24/19

Lincoln Oehlers | January 23, 2019

S&P 500 (SPY) Still holding in a Recuperation phase as long as it closes above 261.74. A V-bottom can easily transform into a bear flag if that level fails. Subscribers: Negative Pivots in all except DIA

Russell 2000 (IWM) Still holding in a Recuperation phase as long asit closes above 143.46. Unless this closes the week over 147.20, we could see more weakness.

Dow (DIA) IBM helped this today. 242.85 is its 50-DMA to hold.

Nasdaq (QQQ) 161.23 the 50-DMA. 164.24 the area to close above this week to keep the bulls happy