Markets moved down below 2800 (50% retracement). Makes sense!!. Breaking diagonal.

                         

                         

                         

SPY Market Forecast 71.76 Short-term bullish   Pointing a higher                 

                         

LONG TERM DOWNTREND - Crossing above 30 DMA                     

  6-months Down                      

  10-days Up                      

  3-days Down                      

                         

Indices                         

  IWM -2.39% ; DIA -2.71% ;  SPY -3.04% ; QQQ -3.69%             

                         

                         

Nasdaq Above 30MA    =  88                      

TTWO, MAR, EBAY, NFLX, JBHT, ATVI, NTES, XEL, CHTR, INCY, DLTR, EA, VRSN, FOXA, HSIC, PCAR, FAST, CERN, KHC, AMGN, FOX, CSX, BMRN, CTXS, PEP, AMZN, VRSK, MXIM, CTSH, TMUS, IDXX, LBTYK, BIIB, AAPL, XLNX, ALXN, BIDU, ULTA, NLOK, QCOM, GILD, CHKP, WLTW, COST, SBUX, LBTYA, ASML, PAYX, MCHP, MNST, VRTX, ILMN, GOOGL, WYNN, GOOG, SNPS, ORLY, AVGO, PYPL, MSFT, REGN, FB, CDNS, ISRG, TXN, JD, ADI, ROST, HAS, ADSK, ADP, MDLZ, AMAT, MYL, ADBE, CSCO, MELI, INTC, SWKS, ALGN, KLAC, LULU, INTU, NVDA, AMD, WDAY, TSLA, LRCX

                         

Stocks to watch on  Wednesday                      

Nasdaq100  xsing above30   = 1                      

MAR                         

                         

Nasdaq100  xsing below30  = 9                      

EXC, CMCSA, SIRI, EXPE, MU, NTAP, BKNG, FISV, NXPI                     

                         

NDX Leaders:                          

3 closing higher  and  100 closing Lower                   

UAL :  +0.32% ;  TTWO : +0.30% ;  MAR : +0.16%               

                         

DJIA Leaders:                          

0 closing higher  and  29 closing Lower                   

TRV :   0.00% ;  WMT :   -0.49% ;  XOM :   -0.53%               

                         

SP500 Leaders:                          

27 closing higher  and  476 closing Lower                   

HP :   +4.88% ;  FLIR :   +4.31% ;  EFX :   +3.36%               

                         

Sectors                         

  0 sectors closed higher led by  XLRE -1.47%  and  XLU -1.65%    Lower =  11            

  11            closing above 30d. SMA  and 0   closing below.      

                         

Uptrend XLP, XLB, XLV, XLK                      

Sideways XLRE, XLU, XLY, XLC                      

Downtrend XLE, XLI, XLF                      

                         

Breath:                         

 Weakened  as  Decliners led  589   to   2366 and  Nasdaq   Weakened  as  Decliners led 795   to   2462         

                         

MACD Crossover:                       

Up   0                      

                         

                         

Down   8                      

MXIM, CHKP, AVGO, HAS, MDLZ, CSCO, INTC, NTAP