SPY Market Forecast is bearish. QQQ led the move to the downside. IWM forming a bearish setup. Energy(XLE) and Financials(XLF) led the sectors

 Futures to Watch - Daily Setups                  
/CL[K22]   $97.96 ( 1.93 / +2.01% ) ; Setup:   Channel           
/GC[M22]   $1,948.50 ( 10.7 / +0.55% ) ; Setup:   Channel           
/ES[M22]   $4,487.00 ( -9.25 / -0.21% ) ; Setup:   Channel           
/NQ[M22]   $14,341.75 ( -194.3 / -1.34% ) ; Setup:   Channel           
                    
                    
                    
SPY Market Forecast   76.34 Bearish pointing down in the middle zone             
   0.71   PCALL - 10 day SMA (0.75 - 1.00)             
                    
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA              
  6-months UP                 
  10-days SIDEWAYS                 
  3-days SIDEWAYS                 
                    
Indices                    
UP:     DIA +0.43% ;                
Down:        SPY -0.22% ; IWM -0.73% ; QQQ -1.40%        
                    
  TLT -1.08% at 125.12               
  VIX -1.30% at 21.27               
                    
SPY   : Channel   above 30ds SMA             
QQQ   : Channel   above 30ds SMA             
DIA   : Channel   above 30ds SMA             
IWM   : Bearish HBO   below 30ds SMA             
                    
                    
Sectors                    
  7 sectors closed higher led by  XLE +2.78%  and  XLF +1.01%    Lower =  4       
  9            closing above 30d. SMA  and 2   closing below.
                    
XLE leaders     :    CTRA, OXY, HAL, EOG              
XLF leaders     :    SYF, AIG, HIG, GS               
XLB leaders     :    MOS, IP, CF, SEE               
                    
Uptrend  XLE, XLB, XLV, XLU, XLI                 
Sideways  XLF, XLP, XLRE, XLC, XLY, XLK                
Downtrend                    
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1477   to   1829 and  Nasdaq   Weakened   as  Decliners led 1751   to   2946    
                    
                    
NDX Leaders:                      
27 closing higher  and  75 closing Lower              
CEG : +5.11% ;  DLTR : +2.72% ;  REGN : +2.36%          
                    
DJIA Leaders:                      
18 closing higher  and  11 closing Lower              
HD : +2.76% ;  GS : +2.30% ;  JPM : +1.83%          
                    
SP500 Leaders:                      
265 closing higher  and  231 closing Lower              
VIAC : N/A ;  EPAM : +10.13% ;  CTRA : +7.32%          
                    
NASDAQ 100                    
                    
Nasdaq Above 30MA    =   54                 
CEG, DLTR, REGN, GILD, VRTX, KHC, ROST, BIIB, ORLY, MRNA, MDLZ, CPRT, CMCSA, CRWD, PDD, PEP, XEL, EXC, AZN, AMGN, NTES, MNST, FISV, FB, VRSK, TMUS, ADP, AEP, PAYX, ISRG, FTNT, DOCU, IDXX, VRSN, SIRI, MELI, CTAS, AAPL, DXCM, COST, PANW, ILMN, PYPL, FAST, SNPS, ABNB, BKNG, ZS, INTU, LULU, SPLK, SGEN, CDNS, TSLA
                    
Stocks to watch on    Monday                 
                    
 Nasdaq100  xsing above30   = 2                
  MRNA, PDD                 
                    
 Nasdaq100  xsing below30  = 12                
  HON, MSFT, ADI, ADBE, GOOG, MTCH, GOOGL, TXN, AMZN, AVGO, KLAC, TEAM            
                    
                    
MACD Crossover:                    
Up   1                 
BIIB                    
                    
Down   7                 
CMCSA, NTES, VRSK, DOCU, CTAS, ADBE, OKTA