SPY Market Forecast continues bearish and pointing down below 80. All indices moved to the upside and continue moving sideways.

 Futures to Watch - Daily Setups                    
/ES[M22]   $4,194.75 ( -6.25 / -0.15% ) ; Setup:   CHANNEL            
/GC[M22]   $1,768.70 ( -2.7 / -0.15% ) ; Setup:   CHANNEL            
/NQ[M22]   $13,138.50 ( -17.5 / -0.13% ) ; Setup:   CHANNEL            
/CL[K22]   $93.23 ( 0.71 / +0.77% ) ; Setup:   CHANNEL            
                      
                      
                      
SPY Market Forecast   74.41 Bearish pointing down in the middle zone               
   0.81   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months DOWN                   
  10-days DOWN                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +1.77% ; IWM +1.55% ; SPY +1.41% ; DIA +1.00%          
Down:                         
                      
  TLT +1.39% at 112.77                 
  VIX -4.56% at 21.78                 
                      
SPY   : Sideways   above 30ds SMA - below 10ds SMA             
QQQ   : Sideways   above 30ds SMA - below 10ds SMA             
DIA   : Sideways   above 30ds SMA - below 10ds SMA             
IWM   : Sideways   above 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  11 sectors closed higher led by  XLB +2.27%  and  XLC +1.95%    Lower =  0         
  9            closing above 30d. SMA  and 2   closing below.   
                      
XLB leaders     :    FCX, WRK, NUE, CF                 
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLK leaders     :    XLNX, NTAP, MU                 
                      
Uptrend  XLK, XLI, XLY, XLV, XLE, XLU, XLP                  
Sideways  XLB, XLC, XLF, XLRE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2547   to   660 and  Nasdaq   Strengthened  as  Advancers led 3143   to   1365      
                      
                      
NDX Leaders:                        
93 closing higher  and  9 closing Lower                
PDD : +12.44% ;  JD : +9.20% ;  BIDU : +8.73%            
                      
DJIA Leaders:                        
28 closing higher  and  2 closing Lower                
BA : +3.53% ;  INTC : +3.04% ;  DOW : +2.80%            
                      
SP500 Leaders:                        
468 closing higher  and  36 closing Lower                
NTAP : +7.88% ;  FCX : +6.10% ;  DISH : +6.06%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   67                   
PDD, JD, BIDU, MRVL, DDOG, AMD, NTES, CRWD, NVDA, KLAC, SWKS, AVGO, NXPI, AMAT, ODFL, ILMN, PYPL, MCHP, TXN, TEAM, CEG, DXCM, ADSK, GOOG, GOOGL, AMZN, MELI, ABNB, PANW, NFLX, LULU, MAR, SBUX, AAPL, COST, HON, CPRT, SNPS, ZS, WDAY, TMUS, MSFT, CSX, PCAR, FISV, CDNS, CTAS, AZN, XEL, BKNG, ADP, EXC, AEP, VRSN, FAST, CSCO, ROST, ORLY, VRSK, KDP, VRTX, INTU, PEP, GILD, MDLZ, PAYX, KHC
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 16                  
  JD, MRVL, AMD, NTES, NVDA, KLAC, SWKS, AVGO, NXPI, AMAT, ODFL, MCHP, TXN, GOOG, GOOGL, CPRT           
                      
 Nasdaq100  xsing below30  = 2                  
  TSLA, SPLK                   
                      
                      
MACD Crossover:                      
Up   1                   
NTES                      
                      
Down   0