SPY still in the oversold area pointing up, but below 20. All indices closed higher led by IWM in a countertrend move. XLY up 2.82%

 Futures to Watch - Daily Setups                   
/CL[K22]   $110.74 ( 0.41 / +0.37% ) ; Setup:   HBO            
/GC[M22]   $1,857.80 ( 5.3 / +0.29% ) ; Setup:   Range            
/ES[M22]   $3,970.00 ( -6.75 / -0.17% ) ; Setup:   Bear Flag           
/NQ[M22]   $11,893.25 ( -49 / -0.41% ) ; Setup:   Bear Flag           
                     
                     
                     
SPY Market Forecast   17.27 Bullish pointing up in the lower zone                
   0.9   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:     IWM +1.80% ; QQQ +1.40% ; SPY +0.88% ; DIA +0.59%         
Down:                        
                     
  TLT +0.40% at 119.33                
  VIX -3.67% at 28.37                
                     
SPY   : Bearish   below 30ds SMA              
QQQ   : Bearish   below 30ds SMA              
DIA   : Bearish   below 30ds SMA              
IWM   : Bearish   below 30ds SMA              
                     
                     
Sectors                     
  9 sectors closed higher led by  XLY +2.82%  and  XLE +2.07%    Lower =  2        
  2            closing above 30d. SMA  and 9   closing below.  
                     
XLY leaders     :    GPS, BBY, BBWI, NWL               
XLE leaders     :    APA, FANG, CTRA, MRO               
XLC leaders     :    VIAC, DISCK, DISCA, LYV               
                     
Uptrend  XLE                   
Sideways  XLB, XLU                  
Downtrend  XLY, XLC, XLK, XLF, XLI, XLRE, XLP, XLV                 
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2588   to   703 and  Nasdaq   Strengthened  as  Advancers led 3292   to   1435     
                     
                     
NDX Leaders:                       
90 closing higher  and  12 closing Lower               
ZM : +8.48% ;  DOCU : +8.32% ;  INTU : +8.21%           
                     
DJIA Leaders:                       
24 closing higher  and  6 closing Lower               
AXP : +3.14% ;  BA : +2.23% ;  HD : +1.96%           
                     
SP500 Leaders:                       
372 closing higher  and  125 closing Lower               
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   24                  
ZM, LRCX, NXPI, KLAC, SGEN, NTES, CHTR, TMUS, AMD, CMCSA, MCHP, GILD, SNPS, VRTX, REGN, EA, AMGN, EXC, ADI, MNST, AEP, AZN, SIRI, XEL         
                     
Stocks to watch on    Thursday                  
                     
 Nasdaq100  xsing above30   = 7                 
  ZM, LRCX, KLAC, SGEN, CHTR, AMD, CMCSA                
                     
 Nasdaq100  xsing below30  = 0                 
                     
                     
                     
MACD Crossover:                     
Up   6                  
WDAY, PCAR, EBAY, INTC, ATVI, AAPL                   
                     
Down   0