5/14/18

Lincoln Oehlers | May 12, 2018

S&P 500 (SPY) Bias now friendly. The tinderbox of issues in the geopolitical world could ignite at any time, so 267-268 is max risk here.

Russell 2000 (IWM) 160.63 all -time high. 158 pivotal support which if fails, would give bears a low risk opportunity to short against the highs. Should it clear ATH’s, a $10 move up is not out of the question

Dow (DIA) Who can forget Terror at 25,000 in the Dow? Not me-so that’s the resistance (250) with now 245 support to hold

Nasdaq (QQQ) Until this fills the gap to 170.93 left on 3/17, I would not go gung ho long. However, 168 is a great place to use a stop loss or reversal