Narrow range day. SPY Market Forecast bullish. All indices closed lower led by IWM (down 1.7% crossing below 30dsSMA and bouncing up above 10dsSMA in a red candle)

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,705.50 ( -27.25 / -0.73% ) ; Setup:   CHANNEL            
/GC[M22]   $1,634.10 ( -21.7 / -1.31% ) ; Setup:   BEAR             
/NQ[M22]   $11,137.50 ( -61.25 / -0.55% ) ; Setup:   CHANNEL            
/CL[K22]   $84.72 ( 2.65 / +3.23% ) ; Setup:   BEAR             
                      
                      
                      
SPY Market Forecast   28.13 Bullish pointing up in the middle zone                 
   0.98   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                 
  6-months DOWN                   
  10-days SIDEWAYS                   
  3-days UP                   
                      
Indices                      
UP:                         
Down:     QQQ -0.36% ; DIA -0.37% ; SPY -0.71% ; IWM -1.70%          
                      
  TLT -1.82% at 96.53                 
  VIX +0.85% at 30.76                 
                      
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                      
  2 sectors closed higher led by  XLE +2.95%  and  XLC +0.08%    Lower =  9         
  2            closing above 30d. SMA  and 9   closing below.   
                      
XLE leaders     :    BKR, VLO, APA, HAL                
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLK leaders     :    XLNX, AMAT, LRCX                 
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLC, XLK, XLP, XLI, XLY, XLB, XLU, XLV, XLF, XLRE                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  774   to   2455 and  Nasdaq   Weakened   as  Decliners led 1259   to   3366      
                      
                      
NDX Leaders:                        
28 closing higher  and  73 closing Lower                
NFLX : +13.09% ;  ISRG : +8.99% ;  ASML : +6.27%            
                      
DJIA Leaders:                        
12 closing higher  and  18 closing Lower                
TRV : +4.44% ;  CVX : +3.24% ;  PG : +0.93%            
                      
SP500 Leaders:                        
115 closing higher  and  384 closing Lower                
NFLX : +13.09% ;  ISRG : +8.99% ;  BKR : +6.08%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   27                   
NFLX, ISRG, MU, WBA, KHC, FTNT, EA, CSCO, PCAR, MAR, DXCM, HON, VRSN, ORLY, ADP, ABNB, CEG, PEP, GILD, CPRT, SIRI, KDP, AMGN, ADSK, ILMN, BIIB, VRTX        
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 4                  
  ISRG, MU, WBA, CSCO                   
                      
 Nasdaq100  xsing below30  = 9                  
  CTAS, CTSH, SBUX, REGN, IDXX, ZM, MNST, ODFL, MRNA                
                      
                      
MACD Crossover:                      
Up   12                   
ASML, QCOM, ADI, DLTR, AVGO, SWKS, TMUS, SNPS, CDNS, PANW, MTCH, LCID                 
                      
Down   3                   
DXCM, VRTX, ODFL