SPY is bearish as Market Forecast Intermediate line is pointing down in the middle zone. Descending resistance line was rejected at $410

SPY closed just above the 30 weekly and daily simple moving averages. The bias is Bearish since the market forecast is in the middle zone (below 80) pointing down, and the price is below the first day of the month opening range.

IWM broke minor support at $180.51 heading towards the next support at $174.21. MACD and stochastic indicators are confirming the bearish bias.

 Futures to Watch - Daily Setups                    
/ES[H23]   $3,964.50 ( -32.75 / -0.82% ) ; Setup:   HBO             
/CL[F23]   $71.59 ( 0.13 / +0.18% ) ; Setup:   BEAR             
/NQ[H23]   $11,667.25 ( -91.75 / -0.78% ) ; Setup:   HBO             
/GC[G23]   $1,809.40 ( 7.9 / +0.44% ) ; Setup:   HBO             
                      
                      
                      
SPY Market Forecast   64.7 Bearish pointing down in the middle zone               
   91   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months DOWN                   
  10-days DOWN                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:                         
Down:     QQQ -0.64% ; SPY -0.75% ; DIA -0.91% ; IWM -1.23%          
                      
  TLT -2.60% at 106.33                 
  VIX +2.42% at 22.83                 
                      
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   : Down    below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  1 sectors closed higher led by  XLC +0.28%  and  XLRE -0.21%    Lower =  10         
  8            closing above 30d. SMA  and 3   closing below.   
                      
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLRE leaders     :    VNO, WELL, AMT, VTR                
XLF leaders     :    PBCT, KEY, CMA, STT                
                      
Uptrend  XLF, XLK, XLP, XLI, XLB, XLV                   
Sideways  XLC, XLRE, XLY, XLU, XLE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  924   to   2216 and  Nasdaq   Weakened   as  Decliners led 1648   to   2865      
                      
                      
NDX Leaders:                        
23 closing higher  and  78 closing Lower                
DOCU : +12.37% ;  TSLA : +3.23% ;  NFLX : +3.14%            
                      
DJIA Leaders:                        
5 closing higher  and  25 closing Lower                
DIS : +0.90% ;  VZ : +0.81% ;  CRM : +0.75%            
                      
SP500 Leaders:                        
115 closing higher  and  381 closing Lower                
CTXS : N/A ;  PARA : +5.08% ;  TSLA : +3.23%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   60                   
DOCU, ODFL                      
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 2                  
  DOCU, ODFL                   
                      
 Nasdaq100  xsing below30  = 9                  
  PAYX, CTSH, HON, AMD, PCAR, QCOM, AMGN, VRTX, LULU                
                      
                      
MACD Crossover:                      
Up   3                   
Symbol, DOCU, DDOG                      
                      
Down   2                   
META, AEP