11/5/18

Lincoln Oehlers | November 3, 2018

S&P 500 (SPY) 270 support and 275.00 area big resistance. Plus, let’s not forget it’s the second week closing under the 50-WMA

Russell 2000 (IWM) Could not close above last week’s high 154.45. But, did lead the indices as the only one that closed green. 149.50 is key support156.35 the closest resistance point

Dow (DIA) Held 250.54 the 50-week MA which make it stronger than IWM and SPY

Nasdaq (QQQ) 172.25 the 200 DMA resistance. Second week this closed under the 50-WMA. 167.80 next support to hold