SPY Market Forecast is Bullish moving to the middle zone. Consumer Discr (XLY) and Communications (XLC) let the move to the upside

 Futures to Watch - Daily Setups                   
/CL[K22]   $114.10 ( 0.01 / +0.01% ) ; Setup:   HBO            
/GC[M22]   $1,855.20 ( 1.3 / +0.07% ) ; Setup:   Range            
/ES[M22]   $4,052.50 ( -3.25 / -0.08% ) ; Setup:   Bear Flag           
/NQ[M22]   $12,269.00 ( -10.25 / -0.08% ) ; Setup:   Bear Flag           
                     
                     
                     
SPY Market Forecast   23.08 Bullish pointing up in the middle zone                
   0.88   PCALL - 10 day SMA (0.75 - 1.00)              
                     
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                
  6-months DOWN                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     QQQ +2.77% ; IWM +2.23% ; SPY +2.00% ; DIA +1.61%         
Down:                        
                     
  TLT -0.45% at 118.79                
  VIX -3.07% at 27.5                
                     
SPY   : Bearish   below 30ds SMA              
QQQ   : Bearish   below 30ds SMA              
DIA   : Bearish   below 30ds SMA              
IWM   : Bearish   below 30ds SMA              
                     
                     
Sectors                     
  10 sectors closed higher led by  XLY +4.90%  and  XLC +2.43%    Lower =  1        
  5            closing above 30d. SMA  and 6   closing below.  
                     
XLY leaders     :    DLTR, DG, NCLH, CZR               
XLC leaders     :    VIAC, DISCK, DISCA, TWTR               
XLK leaders     :    XLNX, DXC, AMD                
                     
Uptrend  XLE                   
Sideways  XLB, XLU                  
Downtrend  XLY, XLC, XLK, XLF, XLI, XLP, XLV, XLRE                 
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2741   to   568 and  Nasdaq   Strengthened  as  Advancers led 3509   to   1209     
                     
                     
NDX Leaders:                       
92 closing higher  and  10 closing Lower               
DLTR : +21.87% ;  BIDU : +14.14% ;  LULU : +10.29%           
                     
DJIA Leaders:                       
27 closing higher  and  3 closing Lower               
BA : +4.65% ;  NKE : +4.38% ;  HD : +3.15%           
                     
SP500 Leaders:                       
446 closing higher  and  52 closing Lower               
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   39                  
DLTR, BIDU, PDD, LCID, AMD, AMAT, CEG, ZM, KLAC, LRCX, NXPI, NTES, MU, BKNG, CHTR, MCHP, CPRT, CDNS, FTNT, TXN, SNPS, SIRI, FISV, ADBE, SGEN, MNST, ADI, TMUS, CMCSA, EA, ATVI, EXC, AEP, AMGN, AZN, VRTX, GILD, XEL, REGN
                     
Stocks to watch on    Friday                  
                     
 Nasdaq100  xsing above30   = 15                 
  DLTR, BIDU, PDD, LCID, AMAT, CEG, MU, BKNG, CPRT, CDNS, FTNT, TXN, FISV, ADBE, ATVI           
                     
 Nasdaq100  xsing below30  = 0                 
                     
                     
                     
MACD Crossover:                     
Up   15                  
DLTR, LULU, TSLA, MAR, COST, MU, ODFL, INTC, QCOM, ADSK, AAPL, WBA, MNST, DDOG, PEP              
                     
Down   0