SPY MFC pointing down and bearish. Energy sector (XLE) daily crossed below 30ds SMA. Breath weakened.

 SPY Market Forecast   23.04 Bearish pointing down in the middle zone                 
   0.99   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:     QQQ +0.30% ;                  
Down:        SPY -0.17% ; DIA -0.56% ; IWM -0.85%          
                      
  TLT +1.20% at 84.24                 
  VIX -6.17% at 20.37                 
                      
                      
Sectors                      
  3 sectors closed higher led by  XLC +0.53%  and  XLY +0.12%    Lower =  8         
  1           sectors closing above 30d. SMA  and 10   closing below.   
                      
XLC leaders     :    OMC, IPG, META, NFLX                
XLY leaders     :    MGM, CCL, WYNN, NCLH                
XLK leaders     :    NVDA, SEDG, ORCL                 
                      
Uptrend  XLE                    
Sideways  XLC                    
Downtrend  XLY, XLK, XLP, XLI, XLV, XLF, XLU, XLRE, XLB                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              892    to               1,979  and  Nasdaq   Weakened   as  Decliners led            1,415    to            2,879       
                      
                      
NDX Leaders:                        
45 closing higher  and  55 closing Lower                
NVDA : +3.84% ;  ABNB : +3.35% ;  WBA : +3.29%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
WBA : +3.29% ;  AXP : +2.13% ;  WMT : +1.42%            
                      
SP500 Leaders:                        
131 closing higher  and  367 closing Lower                
MGM : +3.94% ;  NVDA : +3.84% ;  WBA : +3.29%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   26                   
AVGO, LULU, NFLX, VRTX, META, PANW, MSFT, PDD, SGEN, CDNS, GOOG, GOOGL, CRWD, ZS, SNPS, CEG, SBUX, SIRI, FAST, GILD, ADBE, EA, FANG, ROST, DLTR, AMGN        
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 2                  
  PANW, CDNS                   
                      
 Nasdaq100  xsing below30  = 1                  
  XEL                    
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   5                   
MSFT, XEL, FAST, ADBE, EXC