10/15/18

Lincoln Oehlers | October 14, 2018

Russell 2000 (IWM) 150 is next best level. Unless it closes with some reversal pattern-which could happen with strong volume and a close over 155.76

S&P 500 (SPY) 273.89 is the 50-Week MA this closed above-so even with the inside day, its possible to see more upside-but that means it has to clear 278.90

Dow (DIA) Inside day here too-and unlike SPY closed just above the 200 DMA taking it from Distribution to Warning Phase-improvement

Nasdaq (QQQ) Like DIA, improved to a Warning Phase and of the four, has a bona fide reversal pattern with volume. This index could lead, but without IWM, only for so long