4/23/2018

Lincoln Oehlers | April 21, 2018

S&P 500 (SPY) Back to a warning phase, but sitting on the 10 DMA. Look for resistance at 267.70, 270 and then the swing high at 271.30. Support at 265 and 264. 200 DMA is at 260.25.

Russell 2000 (IWM) Held up well, but closed in decisively at stopping at logical resistance. Look for support at 155 and at 153.50.

Dow (DIA) Back to warning phase, but sitting on the 10 DMA. Key support  at 241.40 and 235.

Nasdaq (QQQ) Back to warning phase, but sitting on the 10 DMA. Key level to clear to move up is today’s high. The 162 area was and should be support, then 160 and 159.25. Then 153 is the big low level.