SPY Market Forecast in the lower zone and pointing down - Bearish. All Indices closed lower. Real Estate (XLE) and Utilities (XLU) closed positive.

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,908.25 ( -2.25 / -0.06% ) ; Setup:   BEAR             
/GC[M22]   $1,712.90 ( 0 / 0.00% ) ; Setup:   BEAR             
/NQ[M22]   $12,020.25 ( 1.25 / +0.01% ) ; Setup:   BEAR             
/CL[K22]   $86.96 ( 0.08 / +0.09% ) ; Setup:   BEAR             
                      
                      
                      
SPY Market Forecast   13.31 Bearish pointing down in the lower zone                 
   0.93   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 DOWN                   
                      
Indices                      
UP:                         
Down:     SPY -0.38% ; DIA -0.50% ; QQQ -0.72% ; IWM -0.99%          
                      
  TLT -2.48% at 107.49                 
  VIX +5.65% at 26.91                 
                      
SPY   : Downtrend   below 30ds SMA - below 10ds SMA             
QQQ   : Downtrend   below 30ds SMA - below 10ds SMA             
DIA   : Downtrend   below 30ds SMA - below 10ds SMA             
IWM   : Downtrend   below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  4 sectors closed higher led by  XLRE +1.04%  and  XLU +0.25%    Lower =  7         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLRE leaders     :    FRT, AVB, MAA, PSA                
XLU leaders     :    NEE, SRE, AEP, CMS                
XLI leaders     :    ROL, UAL, CTAS, CARR                
                      
Uptrend  XLU, XLE                   
Sideways  XLI, XLY, XLF, XLB, XLP                   
Downtrend  XLRE, XLV, XLK, XLC                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1030   to   2196 and  Nasdaq   Weakened   as  Decliners led 1469   to   2955      
                      
                      
NDX Leaders:                        
29 closing higher  and  73 closing Lower                
LULU : +4.34% ;  FISV : +2.68% ;  ILMN : +2.52%            
                      
DJIA Leaders:                        
8 closing higher  and  22 closing Lower                
V : +0.44% ;  BA : +0.38% ;  JNJ : +0.27%            
                      
SP500 Leaders:                        
188 closing higher  and  314 closing Lower                
ROL : +6.05% ;  ENPH : +4.93% ;  SEDG : +4.22%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   7                   
LULU, CEG, AEP, GILD, ROST, PANW, PDD                   
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 1                  
  AEP                    
                      
 Nasdaq100  xsing below30  = 2                  
  JD, BIDU                   
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   1                   
BIDU                      
                      

All indices closing lower and continuing the short term downtrend. Market Forecast about to move to the oversold area. Only one sector, Energy (XLE) above the 30ds SMA

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,933.25 ( -35.5 / -0.89% ) ; Setup:   BEAR             
/GC[M22]   $1,722.60 ( 13.3 / +0.78% ) ; Setup:   BEAR             
/NQ[M22]   $12,130.25 ( -162 / -1.32% ) ; Setup:   BEAR             
/CL[K22]   $87.25 ( 0.64 / +0.74% ) ; Setup:   BF             
                      
                      
                      
SPY Market Forecast   20.83 Bearish pointing down in the middle zone               
   0.92   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 DOWN                   
                      
Indices                      
UP:                         
Down:     IWM -0.78% ; DIA -1.04% ; SPY -1.05% ; QQQ -1.41%          
                      
  TLT +0.57% at 110.22                 
  VIX -0.35% at 25.47                 
                      
SPY   : Downtrend   below 30ds SMA - below 10ds SMA             
QQQ   : Downtrend   below 30ds SMA - below 10ds SMA             
DIA   : Downtrend   below 30ds SMA - below 10ds SMA             
IWM   : Downtrend   below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  1 sectors closed higher led by  XLE +1.83%  and  XLB -0.09%    Lower =  10         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLE leaders     :    HES, HAL, SLB, DVN                
XLB leaders     :    CF, MOS, NEM, ALB                
XLF leaders     :    PBCT, RE, MET, LNC                
                      
Uptrend  XLE, XLU                   
Sideways  XLB, XLF, XLY, XLI, XLP                   
Downtrend  XLK, XLV, XLRE, XLC                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1334   to   1823 and  Nasdaq   Weakened   as  Decliners led 1726   to   2704      
                      
                      
NDX Leaders:                        
9 closing higher  and  93 closing Lower                
LULU : +6.70% ;  OKTA : +6.65% ;  AVGO : +1.67%            
                      
DJIA Leaders:                        
3 closing higher  and  27 closing Lower                
CVX : +1.49% ;  CRM : +0.10% ;  WBA : +0.03%            
                      
SP500 Leaders:                        
85 closing higher  and  417 closing Lower                
CF : +4.34% ;  HES : +3.83% ;  MOS : +3.79%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   8                   
LULU, PDD, PANW, ROST, GILD, CEG, JD, BIDU                   
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 1                  
  LULU                    
                      
 Nasdaq100  xsing below30  = 4                  
  AEP, XEL, TMUS, VRTX                   
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   0