SPY moved to the bottom of the initial day of the month range and bounced, working as resistance. Bias is still bearish.

 SPY Market Forecast 36.33 Bearish pointing down in the middle zone            
   0.83   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 DOWN                
                   
Indices                   
UP:     IWM +0.55% ;               
Down:        QQQ -0.46% ; DIA -0.59% ; SPY -0.76%       
                   
  TLT -1.01% at 137.77              
  VIX -3.68% at 35.11              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  2 sectors closed higher led by  XLE +1.57%  and  XLY +0.21%    Lower =  9      
  2            closing above 30d. SMA  and 9   closing below.
                   
XLE leaders     :    VLO, SLB, CVX, MPC             
XLY leaders     :    EXPE, BKNG, DLTR, DRI             
XLC leaders     :    LYV, DISH, LUMN, FB             
                   
Uptrend XLE, XLU                
Sideways XLV, XLP                
Downtrend XLY, XLC, XLB, XLK, XLF, XLI, XLRE               
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1705   to   1611 and  Nasdaq   Strengthened  as  Advancers led 2417   to   2280   
                   
                   
NDX Leaders:                    
42 closing higher  and  59 closing Lower             
ABNB : +8.01% ;  MRVL : +5.46% ;  MCHP : +5.20%         
                   
DJIA Leaders:                    
8 closing higher  and  22 closing Lower             
CAT : +6.76% ;  CVX : +5.24% ;  BA : +2.74%         
                   
SP500 Leaders:                    
200 closing higher  and  300 closing Lower             
ENPH : +10.82% ;  SEDG : +10.41% ;  PWR : +8.17%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  17                
DLTR, SGEN, VRTX, CTSH, ATVI, FAST, SIRI, EXC, COST, AMGN, ADP, PANW, XEL, AEP, SPLK, KHC, CSX          
                   
Stocks to watch on  Wednesday                
                   
 Nasdaq100  xsing above30   = 2               
  VRTX, CTSH                
                   
 Nasdaq100  xsing below30  = 10               
  REGN, ORLY, IDXX, CSCO, TMUS, CDNS, PAYX, VRSN, DXCM, ISRG            
                   
                   
MACD Crossover:                 
Up   1                
LCID                   
                   
Down   8                
SNPS, ADBE, PANW, LULU, ANSS, KDP, KHC, ISRG