7/26/18

Lincoln Oehlers | July 25, 2018

S&P 500 (SPY) Still far from the January highs at 286.63. 280 is now pivotal

Russell 2000 (IWM) Still waiting for a move up over 170 and into new highs. If not, then this is the rally to sell as it has made 3 lower highs and could not clear the reversal topping pattern from June 20th. 166 support held in the clutch again today. That’s your line in the sand

Dow (DIA) 250 held quite well. Resistance at 255.75.

Nasdaq (QQQ) 180 pivotal.