SPY Market Forecast pointing down - Defensive. All Indices closed down led by QQQ. All Sectors closed lower.

                      
Futures to Watch - Daily Setups                   
/ES[M22]   $4,150.50 ( 9.25 / +0.22% ) ; Setup:   CHANNEL           
/GC[M22]   $1,748.80 ( 0.4 / +0.02% ) ; Setup:   BEAR            
/NQ[M22]   $12,945.25 ( 35.5 / +0.27% ) ; Setup:   CHANNEL           
/CL[K22]   $90.76 ( 0.4 / +0.44% ) ; Setup:   BF            
                     
                     
                     
SPY Market Forecast   87.17 Defensive pointing down in the upper 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 UP                  
  3-days DOWN                  
                     
Indices                     
UP:                        
Down:     DIA -1.86% ; IWM -2.06% ; SPY -2.08% ; QQQ -2.63%         
                     
  TLT -0.34% at 112.66                
  VIX +15.53% at 23.8                
                     
SPY   : Sideways   above 30ds SMA - below 10ds SMA            
QQQ   : Sideways   above 30ds SMA - below 10ds SMA            
DIA   : Sideways   above 30ds SMA - crossing below 10ds SMA           
IWM   : Sideways   above 30ds SMA - below 10ds SMA            
                     
                     
Sectors                     
  0 sectors closed higher led by  XLE -0.19%  and  XLP -1.01%    Lower =  11        
  9            closing above 30d. SMA  and 2   closing below.  
                     
XLE leaders     :    APA, CTRA, MRO, FANG               
XLP leaders     :    KR, STZ, CLX, BF/B                
XLV leaders     :    CERN, HUM, LLY                
                     
Uptrend  XLE, XLP, XLV, XLU, XLI, XLY, XLK                 
Sideways  XLB, XLRE, XLF, XLC                  
Downtrend                     
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  546   to   2651 and  Nasdaq   Weakened   as  Decliners led 1046   to   3397     
                     
                     
NDX Leaders:                       
5 closing higher  and  97 closing Lower               
PDD : +4.74% ;  BIDU : +1.80% ;  NTES : +1.20%           
                     
DJIA Leaders:                       
0 closing higher  and  30 closing Lower               
PG : -0.27% ;  JNJ : -0.35% ;  CVX : -0.50%           
                     
SP500 Leaders:                       
24 closing higher  and  479 closing Lower               All 
MOS : +3.44% ;  ALB : +2.10% ;  CF : +2.07%           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   55                  
AZN, DLTR, KHC, ATVI, CSX, PEP, XEL, REGN, PANW, VRSK, KDP, TMUS, MDLZ, ADP, SNPS, CTAS, AEP, CEG, GILD, COST, ORLY, CDNS, EXC, ODFL, VRTX, PAYX, HON, ZS, CSCO, MAR, LULU, SBUX, TSLA, AAPL, FISV, VRSN, CPRT, PCAR, SPLK, ADSK, FAST, MSFT, ABNB, PYPL, ROST, AMD, MELI, AVGO, AMZN, INTU, MCHP, TEAM, WDAY, BKNG, NFLX
                     
Stocks to watch on    Tuesday                  
                     
 Nasdaq100  xsing above30   = 0                 
                     
                     
 Nasdaq100  xsing below30  = 22                 
  DXCM, AMGN, EA, CRWD, CTSH, ADI, GOOGL, GOOG, TXN, ADBE, KLAC, ANSS, EBAY, AMAT, DDOG, SWKS, LRCX, QCOM, MRVL, NXPI, NVDA, ASML      
                     
                     
MACD Crossover:                     
Up   1                  
PDD                     
                     
Down   15                  
PEP, XEL, MNST, MDLZ, AEP, AMGN, COST, EXC, VRTX, PAYX, CMCSA, FAST, ROST, INTC, BKNG