5/1/18

Lincoln Oehlers | April 30, 2018

S&P 500 (SPY) Closed on the low. Next support around 264. Big resistance at 268.33 where the 50 DMA comes in.

Russell 2000 (IWM) 153 is last week’s swing low and now the area to hold. Under 153 could see 150, especially if IYT weakens. Needs to get over 156 to look good.

Dow (DIA) Over 245-246 way better. 237 support to hold.

Nasdaq (QQQ) Closed under key level of 161.50. Next support 160 area, then last week’s low, 156.50.