4/18/18

Lincoln Oehlers | April 17, 2018

S&P 500 (SPY) Filled its gap from 3/22 and moves to unconfirmed bull phase. Next big resistance at 275. Expect support at 268 - 270.

Russell 2000 (IWM) Good close over key level of 156. Now look for support at 155.50-156 then at Friday’s low and 152.

Dow (DIA) Unconfirmed bullish phase, but IBM down on earnings may weigh on it Wednesday. Key support around 245, support at 241.40 and 235.

Nasdaq (QQQ) Finally well into bull phase territory. Next big resistance area 169.50-170. The 50-DMA is 163.87 is now initial support, then 161 then 160 and 159.25. Then 153 is the big low level.