Range continues and probabilities to break support increases

SPY, QQQ, DIA and IWM all closing weekly charts under 30W SMA.

Daily charts all getting to resistance at 30d SMA and pushed down.

Bear case gaining confidence if lower low is confirmed during next week.

VIX :      19.87     +19.12%       

/CL :       55.39     -0.82%        

TLT :      145.96   +1.64%        

       

SPY Market Forecast 42.4 Short-term Bearish  and pointing down and in the neutral zone     

  6-months Sideways       

  10-days Sideways       

  3-days Down       

Indices        

Up        

Down  DIA:   -2.39% ;  SPY:   -2.57% ;  IWM:  -3.07% ;  QQQ :   -3.16%    

Nasdaq Above 30MA  =  17       

INTU , NTES , XEL , SYMC , CELG , PEP , EA , SBUX , AMGN , VRSK , VRTX , TTWO , SNPS , KLAC , FISV , QCOM , ALXN    

       

       

Stocks to watch on  Monday       

Nasdaq100  xsing above30=    +1        

INTU        

       

Nasdaq100  xsing below30=   -25        

MDLZ , COST , JBHT , BKNG , SIRI , ADP , CMCSA , GOOGL , MSFT , CTAS, GOOG, IDXX, FAST, ATVI, MYL, TXN, WDC, MU, ROST, INCY, AAPL, LRCX, NXPI, NVDA, AVGO

       

NDX Leaders 2 closing higher ; 101 closing Lower      

INTU:   +1.10%; NTES:  +0.05%; WDAY:  -0.64%       

DJIA Leaders 1 closing higher ; 29 closing Lower      

BA:   +0.45%; WMT:   -0.97%; UNH:   -0.98%        

SPX Leaders 2 closing higher ; 98 closing Lower      

BA:   +0.45%; NEE: +0.13%; MO:  -0.39%        

       

Sectors

All eleven sectors closed lower led by XLU   61.48 -1.06%   and  XLRE  38.58 -1.25%        Higher=  0     

  XLRE, XLU  closing above 30d. SMA  and  9 Sectors are below.       

Uptrend               XLRE, XLP, XLU        

Sideways             XLY, XLB, XLV, XLF, XLI, XLC, XLK      

Downtrend         XLE        

       

Breath  Weakened as Decliners led  NYSE:   425   2534  and  decliners led Nasdaq:   477  2646     

       

MACD Crossover:   KHC