SPY bounced from support MFC improving to 18.19 still in the oversold zone. Bullish divergence in the MACD and price just below the 10dma

 
SPY Market Forecast 18.19 Bullish pointing up in the lower zone                
   0.67   PCALL - 10 day SMA (0.75 - 1.00)              
   131.51   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA               
  6-months UP                  
  10-days DOWN                  
  3-days SIDEWAYS                  
                     
Indices                     
UP:     QQQ +0.64% ; SPY +0.42% ; DIA +0.29% ;           
Down:              IWM -0.52%         
                     
  TLT +0.56% at 144.39                
  VIX -1.41% at 21                
                     
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                     
  8 sectors closed higher led by  XLU +1.55%  and  XLP +0.97%    Lower =  3        
  2            closing above 30d. SMA  and 9   closing below.  
                     
XLU leaders     :    ED, NEE, PNW, D                
XLP leaders     :    PEP, HSY, MDLZ, CHD               
XLRE leaders     :    O, PSA, SBAC, WELL               
                     
Uptrend XLE                   
Sideways XLP, XLRE, XLK, XLI, XLY, XLC, XLF, XLV, XLB                
Downtrend XLU                   
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1503   to   1755 and  Nasdaq   Weakened  as  Decliners led 1702   to   2736     
                     
                     
NDX Leaders:                      
72 closing higher  and  30 closing Lower               
MRVL : +7.34% ;  NTES : +6.65% ;  CSX : +3.53%           
                     
DJIA Leaders:                      
20 closing higher  and  10 closing Lower               
MSFT : +1.51% ;  PG : +1.33% ;  CRM : +1.29%           
                     
SP500 Leaders:                      
280 closing higher  and  222 closing Lower               
MXIM : N/A ;  ENPH : +4.19% ;  ICE : +3.84%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  25                  
MRVL, NTES, CSX, PEP, MTCH, TEAM, CTAS, VRSK, PAYX, ORLY, KHC, NFLX, BKNG, ADP, TSLA, TXN, INTC, PCAR, DLTR, MAR, SIRI, FOX, FOXA, TCOM, SGEN      
                     
Stocks to watch on  Thursday                  
                     
 Nasdaq100  xsing above30   = 5                 
  MRVL, NTES, PEP, CTAS, VRSK                 
                     
 Nasdaq100  xsing below30  = 1                 
  EA                   
                     
                     
MACD Crossover:                   
Up   5                  
DOCU, PEP, MDLZ, VRTX, CTAS                  
                     
Down   0