5/16/18

Lincoln Oehlers | May 15, 2018

S&P 500 (SPY) The tinderbox of issues in the geopolitical world could ignite at any time, so 267-268 is max risk here. 270 pivotal.

Russell 2000 (IWM) 158 pivotal support which if fails, would give bears a low risk opportunity to short against the highs. Should it clear and hold over 160, 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) Didn’t quite fill the gap to 170.93 left on 3/17. Yesterday high 170.82-so that’s not the healthiest sign. 166.50 needs to hold with 169.50 pivotal