7/18/18

Lincoln Oehlers | July 17, 2018

S&P 500 (SPY) Took out 280.41, the March highs. That’s still far from the January highs at 286.63. Now, must hold 277.00

Russell 2000 (IWM) Inside day, which is interesting as this means the small cap traders paused, not fully convinced the NASDAQ strength is real. We need to see this clear 168.03 for starters, but really it must get over and hold 170.00. Support 164.70.

Dow (DIA) 250 pivotal. 252.35 resistance.

Nasdaq (QQQ) Another 2-minute O.R. beauty. Held the 10 DMA and went on to make another new all-time high. 180 pivotal