SPY Market Forecast is defensive, at resistance and HBO setup. Technology (XLK) and Communications (XLC) led the sectors in a range day.

                       
Futures to Watch - Daily Setups                    
/CL[K22]   $87.80 ( -2.86 / -3.15% ) ; Setup:   HBO             
/GC[M22]   $1,807.90 ( 31.5 / +1.77% ) ; Setup:   2T             
/ES[M22]   $4,151.75 ( -4.5 / -0.11% ) ; Setup:   HBO             
/NQ[M22]   $13,328.00 ( 56.5 / +0.43% ) ; Setup:   HBO             
                      
                      
                      
SPY Market Forecast   95.26 - Defensive pointing down the upper zone               
   0.84   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months DOWN                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +0.47% ;                  
Down:        SPY -0.07% ; IWM -0.21% ; DIA -0.24%          
                      
  TLT -0.03% at 119.31                 
  VIX -2.32% at 21.44                 
                      
SPY   : Sideways   above 30ds SMA               
QQQ   : Sideways   above 30ds SMA               
DIA   : Sideways   above 30ds SMA               
IWM   : Sideways   above 30ds SMA               
                      
                      
Sectors                      
  7 sectors closed higher led by  XLK +0.46%  and  XLC +0.43%    Lower =  4         
  10            closing above 30d. SMA  and 1   closing below.   
                      
XLK leaders     :    XLNX, EPAM, CDAY                 
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLY leaders     :    MGM, LEN, DHI, NVR                
                      
Uptrend                      
Sideways  XLK, XLC, XLY, XLI, XLU, XLRE, XLE                  
Downtrend  XLB, XLF, XLV, XLP                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1521   to   1668 and  Nasdaq   Strengthened  as  Decliners led 2713   to   1910      
                      
                      
NDX Leaders:                        
64 closing higher  and  38 closing Lower                
MELI : +16.16% ;  AMD : +5.93% ;  MTCH : +5.20%            
                      
DJIA Leaders:                        
9 closing higher  and  21 closing Lower                
MMM : +3.23% ;  V : +2.39% ;  AXP : +0.93%            
                      
SP500 Leaders:                        
236 closing higher  and  264 closing Lower                
EPAM : +12.26% ;  CDAY : +10.38% ;  AMD : +5.93%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   88                   
MELI, AMD, MRNA, ANSS, ABNB, JD, ALGN, TEAM, AMZN, CDNS, AMAT, BIIB, NVDA, EXC, ADSK, AZN, SWKS, ADBE, NFLX, LRCX, WDAY, QCOM, ODFL, AVGO, META, REGN, CSX, ILMN, VRSK, MU, FAST, VRSN, ASML, TXN, SPLK, HON, CEG, MSFT, TSLA, SNPS, KLAC, AEP, ADI, XEL, LULU, MNST, CTAS, ORLY, INTU, ISRG, DOCU, GOOGL, ATVI, CPRT, GOOG, TMUS, PCAR, CTSH, EA, AMGN, ZM, ADP, SIRI, AAPL, MAR, PAYX, OKTA, SBUX, IDXX, WBA, PEP, GILD, MCHP, COST, NXPI, CSCO, DXCM, PYPL, ROST, BKNG, KDP, MDLZ, FISV, MRVL, DDOG, ZS, CRWD, EBAY
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 2                  
  JD, AZN                   
                      
 Nasdaq100  xsing below30  = 4                  
  DLTR, PANW, LCID, FTNT                   
                      
                      
MACD Crossover:                      
Up   4                   
JD, BIDU, BIIB, META                      
                      
Down   3                   
ORLY, LCID, FTNT