2/13/2018

Mish Schneider | February 12, 2018

S&P 500 (SPY) I’m happy to see this move higher if it can. However, 267.20 is the weekly chart breakdown it held for 15 months. If it can clear, we still have lots of resistance. If cannot clear, I suspect more sellers will appear.

Russell 2000 (IWM) 151.50 major overhead resistance. The longer it holds 145.50 the better.

Dow (DIA) 245.50 is pivotal. If this holds great. If not, I’d be defensive

Nasdaq (QQQ) 155.25 pivotal. 160.50 the 50 DMA resistance