2/14/2018

Mish Schneider | February 13, 2018

S&P 500 (SPY) I’m happy to see this move higher if it can. However, 267.20 is the weekly chart breakdown it held for 15 months. If it can clear, we still have lots of resistance, starting with the 50 DMA. Under 272-263 more trouble.

Russell 2000 (IWM) 151.50 major overhead resistance. The longer it holds 145.50 the better.

Dow (DIA) Inside day here too. Big resistance overhead and 241 has to hold

Nasdaq (QQQ) 155.25 pivotal. 160.60 the 50 DMA resistance