SPY Market Forecast bearish pointing down in the oversold zone. QQQ and SPY led to the downside. VIX up 11.37%

 Futures to Watch - Daily Setups                  
/CL[K22]   $104.36 ( -1 / -0.95% ) ; Setup:   HBO           
/GC[M22]   $1,898.20 ( 6.9 / +0.36% ) ; Setup:   HBO Bearish          
/ES[M22]   $4,136.50 ( -147 / -3.43% ) ; Setup:   Bear Flag          
/NQ[M22]   $12,885.50 ( -569.3 / -4.23% ) ; Setup:   HBO Bearish          
                    
                    
                    
SPY Market Forecast   12.34 Bearish pointing down in the lower zone               
   0.87   PCALL - 10 day SMA (0.75 - 1.00)             
                    
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA               
  6-months DOWN                 
  10-days DOWN                 
  3-days DOWN                 
                    
Indices                    
UP:                       
Down:     DIA -2.83% ; IWM -2.89% ; SPY -3.70% ; QQQ -4.50%        
                    
  TLT -1.30% at 119.45               
  VIX +11.37% at 33.4               
                    
SPY   : HBO bearish - at support   below 30ds SMA             
QQQ   : HBO bearish - triggered   below 30ds SMA             
DIA   : Bear Flag triggered - Bearish HBO  below 30ds SMA             
IWM   : New lows   below 30ds SMA             
                    
                    
Sectors                    
  0 sectors closed higher led by  XLB -2.01%  and  XLE -2.57%    Lower =  11       
  2            closing above 30d. SMA  and 9   closing below.
                    
XLB leaders     :    CE, LYB, CTVA, NEM              
XLE leaders     :    PSX, EOG, PXD, CTRA              
XLV leaders     :    VRTX, HOLX, CTLT               
                    
Uptrend  XLB, XLE, XLV, XLP, XLU                 
Sideways  XLI, XLF, XLRE, XLY                 
Downtrend  XLC, XLK                 
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  684   to   2673 and  Nasdaq   Weakened   as  Decliners led 1300   to   3536    
                    
                    
NDX Leaders:                      
7 closing higher  and  95 closing Lower              
PDD : +13.54% ;  JD : +6.66% ;  NTES : +4.43%          
                    
DJIA Leaders:                      
2 closing higher  and  28 closing Lower              
HON : +1.89% ;  MRK : +0.12% ;  CAT : -0.89%          
                    
SP500 Leaders:                      
12 closing higher  and  487 closing Lower              
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A          
                    
NASDAQ 100                    
                    
Nasdaq Above 30MA    =   12                 
PDD, JD, NTES, VRTX, XEL, KHC, MNST, MDLZ, PEP, CEG, MAR, ROST                
                    
Stocks to watch on    Monday                 
                    
 Nasdaq100  xsing above30   = 3                
  PDD, JD, NTES                 
                    
 Nasdaq100  xsing below30  = 14                
  AZN, KDP, LULU, DLTR, EXC, AEP, GILD, ODFL, BKNG, ADP, CDNS, QCOM, FISV, TMUS           
                    
                    
MACD Crossover:                    
Up   5                 
PDD, NTES, BIDU, FB, MU                   
                    
Down   5                 
PCAR, CSX, MDLZ, PEP, FISV                   
                    

 Futures to Watch - Daily Setups               
/CL[K22]   $102.07 ( 0.37 / +0.36% ) ; Setup:   Channel       
/GC[M22]   $1,886.30 ( -17.8 / -0.93% ) ; Setup:   HBO Bearish       
/ES[M22]   $4,210.25 ( 39.75 / +0.95% ) ; Setup:   HBO Bearish       
/NQ[M22]   $13,167.50 ( 151.5 / +1.16% ) ; Setup:   HBO Bearish triggered      
                 
                 
                 
SPY Market Forecast   20.64 Bearish pointing down in the middle zone          
   0.82   PCALL - 10 day SMA (0.75 - 1.00)          
                 
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA            
  6-months DOWN              
  10-days DOWN              
  3-days DOWN              
                 
Indices                 
UP:     SPY +0.28% ; DIA +0.17% ;          
Down:           QQQ -0.12% ; IWM -0.42%     
                 
  TLT -1.28% at 120.84            
  VIX -5.73% at 31.6            
                 
SPY   : Channel at support   below 30ds SMA          
QQQ   : HBO bearish - Channel Breaking support below 30ds SMA          
DIA   : Channel at support   below 30ds SMA          
IWM   : Bearish HBO triggered   below 30ds SMA          
                 
                 
Sectors                 
  6 sectors closed higher led by  XLK +1.48%  and  XLB +1.47%    Lower =  5    
  2            closing above 30d. SMA  and 9
                 
XLK leaders     :    XLNX, ENPH, V            
XLB leaders     :    AVY, FCX, AMCR, SHW           
XLE leaders     :    VLO, APA, DVN, XOM           
                 
Uptrend  XLB, XLE, XLP, XLV, XLU              
Sideways  XLI, XLY, XLF, XLRE              
Downtrend  XLK, XLC              
                 
                 
Breath:                 
NYSE Weakened  as  Decliners led  1463   to   1857 and  Nasdaq   Weakened   as  Decliners led 1926   to   2806
                 
                 
NDX Leaders:                   
38 closing higher  and  64 closing Lower           
JD : +7.91% ;  PDD : +7.41% ;  BIDU : +5.89%       
                 
DJIA Leaders:                   
11 closing higher  and  19 closing Lower           
V : +6.47% ;  MSFT : +4.81% ;  CRM : +2.70%       
                 
SP500 Leaders:                   
265 closing higher  and  229 closing Lower           
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A       
                 
NASDAQ 100                 
                 
Nasdaq Above 30MA    =   18              
FISV, BKNG, TMUS, ADP, KDP, MAR, KHC, PEP, MNST, CEG, MDLZ, ORLY, GILD, AMGN, XEL, DLTR, EXC, ROST         
                 
Stocks to watch on    Thursday              
                 
 Nasdaq100  xsing above30   = 5             
  FISV, BKNG, TMUS, ADP, KDP             
                 
 Nasdaq100  xsing below30  = 1             
  VRTX               
                 
                 
MACD Crossover:                 
Up   2              
JD, KDP                 
                 
Down   2              
MDLZ, MCHP                 
                 

All indices closed lower led by QQQ -3.77%. VIX up 24.06%. SPY Market Forecast 32.5 pointing down Bearish.

 Futures to Watch - Daily Setups              
/CL[K22]   $101.94 ( 3.4 / +3.45% ) ; Setup:   Channel      
/GC[M22]   $1,906.60 ( 10.6 / +0.56% ) ; Setup:   HBO Bearish      
/ES[M22]   $4,146.50 ( -146.3 / -3.41% ) ; Setup:   HBO Bearish      
/NQ[M22]   $12,854.00 ( -681.8 / -5.04% ) ; Setup:   HBO Bearish triggered     
                
                
                
SPY Market Forecast   32.5 Bearish pointing down in the middle zone         
   0.8   PCALL - 10 day SMA (0.75 - 1.00)         
                
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA           
  6-months DOWN             
  10-days DOWN             
  3-days DOWN             
                
Indices                
UP:                   
Down:     DIA -2.38% ; SPY -2.90% ; IWM -3.15% ; QQQ -3.77%    
                
  TLT +1.01% at 122.41           
  VIX +24.06% at 33.52           
                
SPY   : Channel at support   below 30ds SMA         
QQQ   : HBO bearish - Channel Breaking support below 30ds SMA         
DIA   : Channel at support   below 30ds SMA         
IWM   : Bearish HBO triggered   below 30ds SMA         
                
                
Sectors                
  1 sectors closed higher led by  XLE +0.14%  and  XLU -1.00%    Lower =  10   
  2            closing above 30d. SMA  and
                
XLE leaders     :    VLO, SLB, BKR, MPC          
XLU leaders     :    DUK, WEC, CMS, XEL          
XLB leaders     :    SHW, AVY, CF, MOS          
                
Uptrend  XLE, XLU, XLB, XLP, XLV             
Sideways  XLRE, XLI, XLF, XLY             
Downtrend  XLC, XLK             
                
                
Breath:                
NYSE Weakened  as  Decliners led  557   to   2763 and  Nasdaq   Weakened   as  Decliners led 856   to   3929
                
                
NDX Leaders:                  
2 closing higher  and  100 closing Lower          
CDNS : +0.29% ;  ORLY : +0.12% ;  PEP : -0.25%      
                
DJIA Leaders:                  
0 closing higher  and  30 closing Lower          
CVX : -0.61% ;  JNJ : -0.72% ;  AMGN : -0.91%      
                
SP500 Leaders:                  
29 closing higher  and  470 closing Lower          
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A      
                
NASDAQ 100                
                
Nasdaq Above 30MA    =   14             
ORLY, PEP, XEL, MNST, EXC, AMGN, DLTR, GILD, VRTX, KHC, ROST, MDLZ, MAR, CEG          
                
Stocks to watch on    Wednesday             
                
 Nasdaq100  xsing above30   = 0            
                
                
 Nasdaq100  xsing below30  = 8            
  AEP, ADP, VRSK, EA, BIIB, BKNG, LULU, TSLA           
                
                
MACD Crossover:                
Up   0             
                
                
Down   8             
GILD, CSX, KHC, ROST, MAR, INTC, MU, AMAT