SPY Bounced a bit on the Bull Flag facing resistance at previous high 287.3.

SPY moving sideways and hitting resistance at 287.3 bull flag still under development but triggered during the day. There was a sell off starting at 3pm EST. 

                  

                  

SPY Market Forecast 90 Short-term Neutral Pointing down          

                  

INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA            

  6-months Down               

  10-days Up               

  3-days Up               

                  

Indices                  

  QQQ +1.13% ; SPY +0.92% ;  IWM +0.77% ; DIA +0.58%      

  TLT -0.64% at 166.09             

  VIX -6.56% at 33.61             

                  

Sectors                  

  10 sectors closed higher led by  XLV +2.17%  and  XLK +1.38%    Lower =  1     

  10            closing above 30d. SMA  and 1   closing below.

                  

Uptrend XLV, XLK, XLC, XLY, XLP               

Sideways XLU, XLRE, XLI, XLB, XLE               

Downtrend XLF                

                  

                  

Breath:                  

 Strengthened  as  Advancers led  1644   to   1306 and  Nasdaq   Strengthened  as  Advancers led 1774   to   1480  

                  

                  

NDX Leaders:                   

80 closing higher  and  23 closing Lower            

REGN : +6.01% ;  SWKS : +5.11% ;  LRCX : +3.53%        

                  

DJIA Leaders:                   

22 closing higher  and  8 closing Lower            

PFE : +2.37% ;  UNH : +1.91% ;  HD : +1.70%        

                  

SP500 Leaders:                   

329 closing higher  and  174 closing Lower            

IPGP : +21.02% ;  JKHY : +8.75% ;  SEE : +7.39%        

                  

NASDAQ 100                 

                  

Nasdaq Above 30MA    =  88               

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

                  

Stocks to watch on  Wednesday               

Nasdaq100  xsing above30   = 5               

NTES, AMAT, MU, JD, NTAP               

                  

Nasdaq100  xsing below30  = 0               

                  

                  

                  

MACD Crossover:                

Up   3               

WLTW, INTU, MELI                

                  

Down   7               

MAR, ROST, CSX, WYNN, BKNG, AAL, EXPE