IWM broke the channel to the downside. QQQ and IWM bearish. Only 2 sectors closed above 30ds SMA.

 SPY Market Forecast 39.8 Bearish pointing down in the middle zone            
   0.69   PCALL - 10 day SMA (0.75 - 1.00)            
   134.73   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA             
  6-months UP                
  10-days DOWN                
  3-days DOWN                
                   
Indices                   
UP:                      
Down:     DIA -0.99% ; SPY -1.04% ; QQQ -1.10% ; IWM -1.63%       
                   
  TLT +0.69% at 141.07              
  VIX +4.65% at 23.85              
                   
SPY   : Channel   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Channel   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  2 sectors closed higher led by  XLP +0.63%  and  XLU +0.45%    Lower =  9      
  2            closing above 30d. SMA  and 9   closing below.
                   
XLP leaders     :    PG, KMB, CL, WMT              
XLU leaders     :    NEE, PNW, EXC, D              
XLC leaders     :    TTWO, EA, NFLX, FB             
                   
Uptrend XLP, XLE                
Sideways XLU, XLB, XLF                
Downtrend XLC, XLV, XLI, XLRE, XLK, XLY                
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1064   to   2321 and  Nasdaq   Weakened   as  Decliners led 1540   to   3199   
                   
                   
NDX Leaders:                    
35 closing higher  and  66 closing Lower             
PTON : +5.33% ;  PDD : +4.58% ;  EA : +2.24%         
                   
DJIA Leaders:                    
9 closing higher  and  21 closing Lower             
PG : +3.36% ;  WMT : +1.00% ;  UNH : +0.33%         
                   
SP500 Leaders:                    
118 closing higher  and  383 closing Lower             
TTWO : +6.05% ;  NEM : +6.04% ;  CTXS : +3.66%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  25                
PDD, EA, LCID, NTES, BIDU, EXC, PEP, SPLK, KDP, MDLZ, ILMN, CMCSA, WBA, AEP, VRTX, ATVI, BKNG, FISV, XEL, KHC, AMGN, HON, JD, PCAR, INTC     
                   
Stocks to watch on  Thursday                
                   
 Nasdaq100  xsing above30   = 1               
  LCID                 
                   
 Nasdaq100  xsing below30  = 2               
  CTSH, MU                
                   
                   
MACD Crossover:                 
Up   2                
PTON, EA                  
                   
Down   6                
ILMN, CMCSA, KHC, AMGN, HON, INTC