4/2/18

Lincoln Oehlers | March 31, 2018

S&P 500 (SPY) The big question the market must answer is, was the multiple tests of the 200 DMA a bottom, or is the accelerating downward slope of the overhead 50 DMA going to turn out a major sell signal?

Russell 2000 (IWM) As this only tested the 200DMA once in February, now the 153 resistance, if it cannot get through, could take this down to a second test at 149 area.

Dow (DIA) 245.70 resistance and 234 the 200 DMA

Nasdaq (QQQ) Similar to IWM the 200 DMA is far. However, the 163 resistance, cleared or not, will be telling