Markets bounced from the early selloff. SPY Market Forecast bearish and descending. VIX is down 6.81%. IWM crossed and closed below 30ds SMA. XLE up even though Crude Oil closed 2.8% down.

 SPY Market Forecast 28.22 Bearish pointing down in the middle zone             
   0.81   PCALL - 10 day SMA (0.75 - 1.00)             
                    
                    
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA               
  6-months DOWN                 
  10-days DOWN                 
  3-days UP                 
                    
Indices                    
UP:                       
Down:     IWM -0.18% ; DIA -0.39% ; SPY -0.45% ; QQQ -1.11%        
                    
  TLT -1.44% at 134.46               
  VIX -6.81% at 30.24               
                    
SPY   : Bearish   below 30ds SMA             
QQQ   : Bearish   below 30ds SMA             
DIA   : Bearish   below 30ds SMA             
IWM   : Bearish   crossing below 30ds SMA            
                    
                    
Sectors                    
  5 sectors closed higher led by  XLE +3.06%  and  XLY +0.71%    Lower =  6       
  3            closing above 30d. SMA  and 8   closing below.
                    
XLE leaders     :    HAL, BKR, EOG, COP              
XLY leaders     :    AMZN, CMG, HLT, NCLH              
XLU leaders     :    SO, SRE, DTE, D               
                    
Uptrend XLE, XLU                 
Sideways XLV, XLP                 
Downtrend XLY, XLRE, XLB, XLI, XLC, XLF, XLK                
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1358   to   1944 and  Nasdaq   Weakened   as  Decliners led 1727   to   2921    
                    
                    
NDX Leaders:                     
20 closing higher  and  81 closing Lower              
CRWD : +12.50% ;  AMZN : +5.41% ;  ABNB : +2.35%          
                    
DJIA Leaders:                     
11 closing higher  and  19 closing Lower              
CVX : +2.74% ;  WMT : +2.27% ;  DOW : +1.39%          
                    
SP500 Leaders:                     
194 closing higher  and  307 closing Lower              
HAL : +8.93% ;  BKR : +8.67% ;  MOS : +7.74%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  27                 
CRWD, TMUS, VRTX, REGN, AEP, COST, ODFL, CSX, AZN, DLTR, XEL, SGEN, TXN, ORLY, EXC, ATVI, PAYX, WBA, ADP, CTSH, FAST, PANW, SPLK, CDNS, IDXX, AVGO, KHC    
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 1                
  CRWD                  
                    
 Nasdaq100  xsing below30  = 4                
  AMGN, CSCO, WDAY, SNPS                 
                    
                    
MACD Crossover:                  
Up   4                 
GOOGL, GOOG, NXPI, INTU                 
                    
Down   5                 
EBAY, GILD, CSCO, SNPS, ANSS