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