Markets were downtrading most of the day recovering in the last 15 min session. SPY and QQQ within yesterday range. SPY Market Forecast bullish in the oversold zone. Energy Sector (XLE) triggered a bull flag.

 Futures to Watch - Daily Setups                 
/CL[K22]                  $     107.50  ( +3.13% ) ; Setup:   Channel             
/GC[M22]                 $  1,938.00  ( +1.04% ) ; Setup:   Channel             
/ES[M22]                  $  4,601.75  ( -0.51% ) ; Setup:   Bull Flag            
/NQ[M22]                 $15,104.50  ( -0.87% ) ; Setup:   Bull Flag            
                   
                   
                   
SPY Market Forecast   93.26 Bullish pointing up 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 UP                
                   
Indices                   
UP:                      
Down:     DIA -0.24% ; SPY -0.62% ; QQQ -1.10% ; IWM -2.01%       
                   
  TLT +0.78% at 131.76              
  VIX +2.28% at 19.33              
                   
SPY   : 1st day bull flag   above 30ds SMA            
QQQ   : 1st day bull flag   above 30ds SMA            
DIA   : 1st day bull flag   above 30ds SMA            
IWM   : 1st day bull flag   above 30ds SMA            
                   
                   
Sectors                   
  4 sectors closed higher led by  XLE +1.16%  and  XLU +0.83%    Lower =  7      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLE leaders     :    PSX, VLO, MPC, MRO             
XLU leaders     :    SRE, DTE, AEE, ED              
XLV leaders     :    ANTM, UNH, CNC              
                   
Uptrend  XLE, XLU, XLV, XLI, XLB                
Sideways  XLP, XLRE, XLF, XLC, XLK, XLY               
Downtrend                   
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1425   to   1907 and  Nasdaq   Weakened   as  Decliners led 1552   to   3138   
                   
                   
NDX Leaders:                     
23 closing higher  and  79 closing Lower             
LULU : +9.58% ;  PAYX : +3.29% ;  CEG : +2.08%         
                   
DJIA Leaders:                     
15 closing higher  and  15 closing Lower             
UNH : +1.98% ;  WMT : +1.79% ;  JNJ : +1.04%         
                   
SP500 Leaders:                     
181 closing higher  and  319 closing Lower             
VIAC : N/A ;  PSX : +4.76% ;  VLO : +3.95%         
                   
NASDAQ 100                   
                   
Nasdaq Above 30MA    =   90                
LULU, PAYX, CEG, AZN, ADP, FAST, COST, DLTR, VRSK, CRWD, ISRG, AEP, DXCM, CSCO, XEL, EXC, AMGN, VRSN, CSX, SIRI, TMUS, CTAS, KHC, PANW, PEP, CMCSA, SBUX, KDP, MTCH, GOOGL, GOOG, MSFT, HON, TSLA, IDXX, VRTX, AAPL, WBA, FISV, ORLY, REGN, FB, EA, ADSK, SPLK, MAR, ABNB, SGEN, ADBE, EBAY, CTSH, ILMN, INTC, FTNT, CDNS, AVGO, ZS, AMZN, BIIB, BKNG, TXN, WDAY, NTES, ADI, PYPL, ANSS, SNPS, CPRT, NFLX, KLAC, ODFL, INTU, SWKS, TEAM, DOCU, MNST, ZM, ROST, LCID, MRNA, AMD, NVDA, ASML, LRCX, DDOG, MELI, NXPI, AMAT, MRVL, MCHP
                   
Stocks to watch on    Thursday                
                   
 Nasdaq100  xsing above30   = 0               
                   
                   
 Nasdaq100  xsing below30  = 5               
  ATVI, GILD, PCAR, BIDU, QCOM               
                   
                   
MACD Crossover:                   
Up   3                
DLTR, CSCO, TMUS                   
                   
Down   1                
REGN