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