QQQ lead the move up followed by SPY. Nasty sell off in the last hour where the bears took control.

 
SPY Market Forecast 16.51 Bullish pointing up in the lower zone             
   0.66   PCALL - 10 day SMA (0.75 - 1.00)           
   131.68   SKEW (120 - 135)             
                  
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA            
  6-months UP               
  10-days DOWN               
  3-days DOWN               
                  
Indices                  
UP:     QQQ +1.35% ; SPY +1.04% ; DIA +0.92% ; IWM +0.35%      
Down:                     
                  
  TLT -0.97% at 143.58             
  VIX -7.23% at 21.3             
                  
SPY   : Bounce from support    below 30ds SMA           
QQQ   : Bounce from support    below 30ds SMA           
DIA   : Bounce from support    below 30ds SMA           
IWM   : Channel    below 30ds SMA           
                  
                  
Sectors                  
  9 sectors closed higher led by  XLF +1.96%  and  XLC +1.49%    Lower =  2     
  2            closing above 30d. SMA  and 9   closing below.
                  
XLF leaders     :    IVZ, SCHW, NDAQ, MKTX            
XLC leaders     :    NFLX, TTWO, TWTR, DISCK            
XLK leaders     :    MXIM, NVDA, FTNT, ANET            
                  
Uptrend XLE                
Sideways XLF, XLC, XLK, XLI, XLB, XLV, XLP, XLY, XLRE             
Downtrend XLU                
                  
                  
Breath:                  
NYSE Strengthened  as  Advancers led  1912   to   1380 and  Nasdaq   Strengthened  as  Advancers led 2659   to   1843  
                  
                  
NDX Leaders:                   
81 closing higher  and  21 closing Lower            
NFLX : +5.21% ;  DOCU : +3.91% ;  PCAR : +3.86%        
                  
DJIA Leaders:                   
26 closing higher  and  4 closing Lower            
GS : +3.12% ;  MSFT : +2.00% ;  UNH : +1.66%        
                  
SP500 Leaders:                   
367 closing higher  and  136 closing Lower            
MXIM : N/A ;  ABMD : +5.93% ;  IVZ : +5.27%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  21               
NFLX, PCAR, TCOM, CSX, ADP, TEAM, TXN, PAYX, ORLY, MTCH, FOXA, FOX, SIRI, INTC, EA, KHC, MAR, TSLA, SGEN, BKNG, DLTR      
                  
Stocks to watch on  Wednesday               
                  
 Nasdaq100  xsing above30   = 8              
  PCAR, CSX, ADP, TEAM, TXN, ORLY, SIRI, INTC             
                  
 Nasdaq100  xsing below30  = 0              
                  
                  
                  
MACD Crossover:                
Up   1               
PCAR                  
                  
Down   1               
TSLA