All indices finished to the downside back to support. QQQ down 2.1% and SPY 1.29%.

SPY continues the move down, finding support at 428.86 area, in the downtrend channel. The expected bounce is delayed and continued to move lower. Market Forecast remains bearish maintaining the indices at support.

SPY Market Forecast 15.45 Bearish pointing down in the lower zone              
   0.66   PCALL - 10 day SMA (0.75 - 1.00)            
   130.87   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA             
  6-months UP                
  10-days DOWN                
  3-days DOWN                
                   
Indices                   
UP:                      
Down:     IWM -0.91% ; DIA -0.92% ; SPY -1.29% ; QQQ -2.10%       
                   
  TLT -0.25% at 144.98              
  VIX +8.56% at 22.96              
                   
SPY   : Back to support    below 30ds SMA            
QQQ   : Back to support    below 30ds SMA            
DIA   : Back to support    below 30ds SMA            
IWM   : Channel    below 30ds SMA            
                   
                   
Sectors                   
  3 sectors closed higher led by  XLE +1.63%  and  XLU +1.38%    Lower =  8      
  1            closing above 30d. SMA  and 10   closing below.
                   
XLE leaders     :    DVN, FANG, PSX, MRO             
XLU leaders     :    ES, PNW, CNP, DUK             
XLRE leaders     :    EQR, WY, DRE, O              
                   
Uptrend XLE                 
Sideways XLRE, XLP, XLB, XLI, XLY, XLF, XLV, XLC, XLK              
Downtrend XLU                 
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1190   to   2182 and  Nasdaq   Weakened  as  Decliners led 1258   to   3365   
                   
                   
NDX Leaders:                    
11 closing higher  and  90 closing Lower             
XEL : +2.26% ;  AEP : +2.04% ;  FOXA : +1.72%         
                   
DJIA Leaders:                    
6 closing higher  and  24 closing Lower             
MRK : +2.09% ;  IBM : +0.55% ;  CVX : +0.37%         
                   
SP500 Leaders:                    
154 closing higher  and  347 closing Lower             
MXIM : N/A ;  DVN : +5.30% ;  FANG : +4.57%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  13                
FOXA, FOX, TSLA, KHC, DLTR, BKNG, SGEN, PAYX, EA, MAR, NFLX, TCOM, MTCH            
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 0               
                   
                   
 Nasdaq100  xsing below30  = 5               
  INTC, ORLY, TXN, TEAM, DXCM