4/17/18

Lincoln Oehlers | April 16, 2018

S&P 500 (SPY) Today’s high is the 50-DMA. Expect resistance at 270. Key support at 264.

Russell 2000 (IWM) Continues to grind higher. 156 is big resistance. Look for support at Friday low and 152.

Dow (DIA) Levels to focus on today’s high, Friday’s low, and then support at 241.40 and235

Nasdaq (QQQ) Couldn’t break Friday’s high. The 50-DMA is 163.87. Initial support at 161 then 160 and 159.25. Then 153 is the big low level.