All indices closed lower. Crude Oil futures (/CL) down $6.5 (- 6%). SPY Market Forecast is defensive pointing down.

 Futures to Watch - Daily Setups                    
/CL[K22]   $101.28 ( -6.54 / -6.07% ) ; Setup:   Channel             
/GC[M22]   $1,941.80 ( 2.8 / +0.14% ) ; Setup:   Channel             
/ES[M22]   $4,535.00 ( -61 / -1.33% ) ; Setup:   2nd day Bull Flag            
/NQ[M22]   $14,897.00 ( -174.5 / -1.16% ) ; Setup:   2nd day Bull Flag            
                      
                      
                      
SPY Market Forecast   92.48 Defensive pointing down in the upper zone               
   0.66   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     IWM -1.01% ; QQQ -1.24% ; SPY -1.44% ; DIA -1.50%          
                      
  TLT +0.24% at 132.08                 
  VIX +7.66% at 20.81                 
                      
SPY   : 2st day bull flag   above 30ds SMA               
QQQ   : 2st day bull flag   above 30ds SMA               
DIA   : 2st day bull flag   above 30ds SMA               
IWM   : Back into the Channel   above 30ds SMA               
                      
                      
Sectors                      
  0 sectors closed higher led by  XLU -0.12%  and  XLP -0.24%    Lower =  11         
  11            closing above 30d. SMA  and 0   closing below.   
                      
XLU leaders     :    EIX, NRG, EXC, NI                 
XLP leaders     :    MKC, KR, ADM, CPB                
XLV leaders     :    TFX, VRTX, REGN                 
                      
Uptrend  XLU, XLV, XLB, XLE, XLI                   
Sideways  XLP, XLRE, XLK, XLC, XLY, XLF                  
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1353   to   2042 and  Nasdaq   Weakened   as  Decliners led 1706   to   3102      
                      
                      
NDX Leaders:                        
17 closing higher  and  84 closing Lower                
SPLK : +4.59% ;  INTU : +1.92% ;  SGEN : +1.76%            
                      
DJIA Leaders:                        
0 closing higher  and  30 closing Lower                
CAT : -0.12% ;  AMGN : -0.31% ;  KO : -0.34%            
                      
SP500 Leaders:                        
69 closing higher  and  430 closing Lower                
VIAC : N/A ;  CCL : +3.16% ;  NCLH : +3.11%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   83                   
SPLK, INTU, SGEN, VRTX, DDOG, PANW, CRWD, BKNG, REGN, EXC, CDNS, ZS, AEP, SNPS, VRSN, KHC, FTNT, SBUX, ADP, DLTR, COST, MNST, TMUS, BIIB, XEL, AVGO, IDXX, SIRI, PAYX, AMGN, PEP, MAR, FAST, CSCO, KDP, FISV, ILMN, DOCU, ADI, ANSS, WDAY, ISRG, EA, CSX, ADBE, HON, VRSK, ABNB, AZN, DXCM, NVDA, TSLA, MRNA, CTAS, CPRT, MSFT, AAPL, ORLY, MELI, MCHP, NFLX, CMCSA, MTCH, AMZN, CTSH, MRVL, GOOGL, KLAC, LRCX, GOOG, TXN, CEG, PYPL, FB, ASML, TEAM, AMAT, ADSK, LULU, EBAY, INTC, LCID, ZM
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 7                  
  NXPI, SWKS, ROST, NTES, ODFL, WBA, AMD                 
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   7                   
DLTR, MRNA, MCHP, CTSH, CHTR, WBA, BIDU