SPY continues bearish as Market Forecast moved down to 63.03. Energy (XLE) and Utilities (XLU) sectors moved higher.

 Futures to Watch - Daily Setups                    
/CL[K22]   $100.80 ( 6.51 / +6.90% ) ; Setup:   Channel            
/GC[M22]   $1,968.60 ( 20.4 / +1.05% ) ; Setup:   HBO Bullish            
/ES[M22]   $4,396.75 ( -12.25 / -0.28% ) ; Setup:   Channel             
/NQ[M22]   $13,953.50 ( -46.5 / -0.33% ) ; Setup:   Channel             
                      
                      
                      
SPY Market Forecast   63.03 Bearish pointing down in the middle zone               
   0.73   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     IWM +0.32% ;                  
Down:        DIA -0.29% ; SPY -0.37% ; QQQ -0.42%          
                      
  TLT -0.14% at 122.97                 
  VIX -0.45% at 24.26                 
                      
SPY   : Channel   below 30ds SMA               
QQQ   : Channel   below 30ds SMA               
DIA   : Channel   closing at 30ds SMA               
IWM   : Bearish HBO   below 30ds SMA               
                      
                      
Sectors                      
  5 sectors closed higher led by  XLE +1.66%  and  XLU +0.38%    Lower =  6         
  7            closing above 30d. SMA  and 4   closing below.   
                      
XLE leaders     :    MRO, DVN, FANG, APA                
XLU leaders     :    EIX, SO, ETR, ED                 
XLY leaders     :    DRI, BBWI, ROST, APTV                
                      
Uptrend  XLE, XLU, XLP, XLB, XLV                   
Sideways  XLY, XLI, XLRE, XLF                   
Downtrend  XLK, XLC                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  1666   to   1647 and  Nasdaq   Weakened   as  Advancers led 2049   to   2643      
                      
                      
NDX Leaders:                        
32 closing higher  and  70 closing Lower                
CRWD : +3.19% ;  ROST : +2.49% ;  LULU : +2.01%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
DOW : +2.11% ;  CVX : +2.08% ;  KO : +1.18%            
                      
SP500 Leaders:                        
197 closing higher  and  301 closing Lower                
VIAC : N/A ;  MRO : +4.16% ;  DVN : +3.71%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   41                   
CRWD, ROST, LULU, CEG, AAPL, TSLA, DLTR, HON, AEP, TMUS, MNST, FTNT, BKNG, XEL, MDLZ, PEP, PANW, ADP, VRTX, ABNB, SIRI, PAYX, KHC, AMGN, EXC, DXCM, GILD, FAST, CTAS, COST, CMCSA, VRSK, ORLY, REGN, FB, BIIB, SGEN, ILMN, AZN, DOCU, NTES
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 2                  
  AAPL, HON                   
                      
 Nasdaq100  xsing below30  = 8                  
  MRNA, MELI, PYPL, FISV, PDD, CPRT, SPLK, INTU                 
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   7                   
LULU, AEP, TMUS, EXC, COST, BIIB, CHTR