QQQ opened above resistance and came back to test the breakout. SPY closed at all times high but closed lower from the open.

Microsoft (MSFT) reported after hours, initial upside and came back

Facebook (FB) retraced 3.9% after the initial earning positive reaction. 

SPY Market Forecast 96.67 Bullish pointing up in the upper zone              
   0.54   PCALL - 10 day SMA (0.75 - 1.00)            
   141.3   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     QQQ +0.31% ; SPY +0.09% ;            
Down:           DIA -0.01% ; IWM -0.75%       
                   
  TLT +0.83% at 145.1              
  VIX +4.86% at 15.98              
                   
SPY   : New all times highs    above 30ds SMA            
QQQ   : HBO Setup for New all times highs   above 30ds SMA            
DIA   : New all times highs    above 30ds SMA            
IWM   : Channel Testing Resistance    above 30ds SMA            
                   
                   
Sectors                   
  9 sectors closed higher led by  XLE +0.58%  and  XLU +0.54%    Lower =  2      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLE leaders     :    XOM, BKR, DVN, FANG             
XLU leaders     :    NEE, PEG, FE, EXC              
XLV leaders     :    ALXN, CNC, REGN, CTLT             
                   
Uptrend XLE, XLV, XLRE, XLK, XLB, XLF, XLY, XLI, XLC              
Sideways XLU, XLP                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1498   to   1844 and  Nasdaq   Weakened   as  Decliners led 2110   to   2561   
                   
                   
NDX Leaders:                    
47 closing higher  and  55 closing Lower             
NVDA : +6.70% ;  CDNS : +3.32% ;  REGN : +2.77%         
                   
DJIA Leaders:                    
16 closing higher  and  13 closing Lower             
PG : +1.42% ;  CSCO : +1.22% ;  UNH : +1.15%         
                   
SP500 Leaders:                    
224 closing higher  and  276 closing Lower             
MXIM : N/A ;  UPS : +6.95% ;  NVDA : +6.70%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  76                
NVDA, CDNS, REGN, CRWD, AVGO, AMZN, ISRG, GOOGL, BKNG, SNPS, SGEN, PEP, CSCO, LULU, INTU, DOCU, EXC, MDLZ, MAR, ROST, GOOG, MSFT, ANSS, AMD, AAPL, CERN, CTAS, KDP, HON, ADP, ADSK, PAYX, WDAY, SBUX, EA, MRVL, QCOM, CPRT, DLTR, IDXX, CSX, FAST, CTSH, XEL, AEP, VRSK, ADI, ZM, PCAR, ORLY, NFLX, DXCM, VRTX, ATVI, FOX, FOXA, SPLK, TSLA, ADBE, ILMN, COST, TEAM, FISV, CDW, TXN, CHKP, VRSN, WBA, XLNX, OKTA, EBAY, MTCH, PTON, JD, NTES, BIDU
                   
Stocks to watch on  Wednesday                
                   
 Nasdaq100  xsing above30   = 9               
  REGN, AMZN, GOOGL, BKNG, CSCO, GOOG, CERN, KDP, HON            
                   
 Nasdaq100  xsing below30  = 4               
  KLAC, NXPI, AMAT, PDD                
                   
                   
MACD Crossover:                 
Up   1                
BIIB                   
                   
Down   4                
HON, SIRI, VRSK, FB                 
                   
                   
SETUPS                  
BF  : COST, AU, AXP, CSX, GDXJ, IBKR, ZION, ORCL              
HBO  : SNPS, SPLK, PCAR, PEP, ADSK, AMD, CRM, CRWD, DG, DLTR, FAST, JPM, MMM, V, NTES, NKE, TGT, QQQ        
2T  : ADBE, TSLA, ADI, DOCU                
MACD  :                  
CHANNEL  : TXN, LRCX, AMAT, DE, BBY, BIDU, BIG, C, CSCO, FB, IWM, JD, MS, TWTR, NTAP, TLT, WMT         
BEAR  : INTC, MU, BYND                
NH  : MSFT, NVDA, CDNS, CPRT, CTAS, ACN, BAC, DIA, FAS, HD, UNH, NFLX, SPY, XLE           
EPS  : AAPL, AMZN, PYPL, SBUX, ALGN, CHKP, CHTR, CTSH, CTXS, FISV, QCOM, SWKS, XLNX, EBAY, TMUS, VRSK, ATVI, CAT, MCHP, MELI, AKAM, BA, BABA, BKNG, CARR, CVS, DDOG, EA, GILD, GOLD, GOOGL, ILMN, KHC, KLAC, MCD, MNST, SHOP, TWLO, SQ, NXPI