SPY Market Forecast bearish. All indices lower led by QQQ (-2.68%). All sectors closing down.

 Futures to Watch - Daily Setups                   
/CL[K22]   $121.17 ( -0.34 / -0.28% ) ; Setup:   Bull flag 2nd day           
/GC[M22]   $1,850.20 ( -2.6 / -0.14% ) ; Setup:   Channel           
/ES[M22]   $4,019.50 ( 2 / +0.05% ) ; Setup:   Channel BO Triggered          
/NQ[M22]   $12,306.50 ( 1.75 / +0.01% ) ; Setup:   Channel BO Triggered          
                     
                     
                     
SPY Market Forecast   54.83 Bearish pointing down in the middle zone              
   0.79   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 SIDEWAYS                  
                     
Indices                     
UP:                        
Down:     DIA -1.94% ; IWM -2.07% ; SPY -2.38% ; QQQ -2.68%         
                     
  TLT +0.33% at 114.48                
  VIX +8.89% at 26.09                
                     
SPY   : Sideways   above 30ds SMA              
QQQ   : Sideways   Crossing above 30ds SMA             
DIA   : Sideways   above 30ds SMA              
IWM   : Sideways   above 30ds SMA              
                     
                     
Sectors                     
  0 sectors closed higher led by  XLP -1.50%  and  XLY -1.81%    Lower =  11        
  1            closing above 30d. SMA  and 10   closing below.  
                     
XLP leaders     :    COST, SJM, KHC, K                
XLY leaders     :    POOL, DG, TSCO, MHK               
XLI leaders     :    MAS, PWR, FBHS, INFO               
                     
Uptrend  XLE                   
Sideways  XLB, XLU                  
Downtrend  XLP, XLY, XLI, XLV, XLRE, XLF, XLK, XLC                 
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  554   to   2767 and  Nasdaq   Weakened   as  Decliners led 1143   to   3427     
                     
                     
NDX Leaders:                       
4 closing higher  and  97 closing Lower               
NXPI : +4.04% ;  FTNT : +0.99% ;  COST : +0.87%           
                     
DJIA Leaders:                       
1 closing higher  and  29 closing Lower               
HD : +0.78% ;  UNH : -0.83% ;  MMM : -0.85%           
                     
SP500 Leaders:                       
24 closing higher  and  472 closing Lower               
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   43                  
NXPI, FTNT, SBUX, FB, ADBE, DLTR, ORLY, MNST, CHTR, PCAR, CMCSA, TMUS, PANW, SGEN, SNPS, GOOG, GOOGL, VRSN, ADI, CTAS, BIIB, TEAM, EA, CDNS, NTES, BKNG, CRWD, DOCU, AMD, ZS, KLAC, INTU, DDOG, LCID, LRCX, PYPL, ZM, BIDU, NFLX, MTCH, CEG, JD, PDD
                     
Stocks to watch on    Friday                  
                     
 Nasdaq100  xsing above30   = 2                 
  NXPI, FB                  
                     
 Nasdaq100  xsing below30  = 23                 
  SIRI, HON, AMGN, QCOM, LULU, FAST, ADP, CPRT, MSFT, PAYX, SPLK, EXC, MAR, NVDA, MCHP, ADSK, FISV, ASML, AMAT, MRVL, VRTX, OKTA, MRNA     
                     
                     
MACD Crossover:                     
Up   0                  
                     
                     
Down   16                  
MNST, ATVI, HON, TMUS, SNPS, WBA, MDLZ, AMD, KLAC, LRCX, ADSK, FISV, ASML, AMAT, VRTX, CEG