SPY Market Forecast bearish. Indices are all up in a bear flag setup. Crude Oil moved down 2.61%

 Futures to Watch - Daily Setups                   
/CL[K22]   $115.83 ( -3.1 / -2.61% ) ; Setup:   Channel           
/GC[M22]   $1,836.10 ( 22.6 / +1.25% ) ; Setup:   Channel           
/ES[M22]   $3,793.75 ( 53.5 / +1.43% ) ; Setup:   Bear Flag           
/NQ[M22]   $11,626.75 ( 280.25 / +2.47% ) ; Setup:   Bear Flag           
                     
                     
                     
SPY Market Forecast   16.99 Bearish pointing down 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 DOWN                  
  3-days SIDEWAYS                  
                     
Indices                     
UP:     QQQ +2.50% ; IWM +1.46% ; SPY +1.43% ; DIA +0.96%         
Down:                        
                     
  TLT +1.87% at 110.84                
  VIX -9.39% at 29.62                
                     
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 +2.81%  and  XLRE +2.29%    Lower =  2        
  0            closing above 30d. SMA  and 11   closing below.  
                     
XLY leaders     :    ETSY, NCLH, TSLA, AMZN               
XLRE leaders     :    DRE, PLD, PEAK, VTR               
XLC leaders     :    VIAC, DISCK, DISCA, NFLX               
                     
Uptrend                     
Sideways  XLE                   
Downtrend  XLY, XLRE, XLC, XLK, XLF, XLV, XLI, XLU, XLP, XLB                
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2403   to   878 and  Nasdaq   Strengthened  as  Advancers led 3412   to   1315     
                     
                     
NDX Leaders:                       
93 closing higher  and  8 closing Lower               
MELI : +9.13% ;  NFLX : +7.50% ;  TEAM : +7.14%           
                     
DJIA Leaders:                       
21 closing higher  and  9 closing Lower               
BA : +9.46% ;  MSFT : +2.97% ;  GS : +2.67%           
                     
SP500 Leaders:                       
392 closing higher  and  102 closing Lower               
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   12                  
ZM, MTCH, CRWD, JD, BIDU, SNPS, PCAR, SGEN, MNST, DLTR, PDD, NTES                
                     
Stocks to watch on    Thursday                  
                     
 Nasdaq100  xsing above30   = 4                 
  MTCH, CRWD, SNPS, PCAR                  
                     
 Nasdaq100  xsing below30  = 0                 
                     
                     
                     
MACD Crossover:                     
Up   2                  
TSLA, CSCO                     
                     
Down   0