IWM Bull Flag Bounce...SPY, DIA, QQQ Trading Range Day...Report that a Deal to Keep US Government Open has Been Reached...

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SPY, QQQ and DIA continue in a bull flag pattern and are a setup for a potential bounce on Tuesday:

• IWM made a bull flag bounce and gave an entry signal,
• There are numerous bull flag setups including SPY, QQQ, DIA, SMH, BA, AAPL, NFLX, TXN, WYNN and many more,
• Reports indicate that a tentative deal has been reached to keep the US government open.

The DJIA, closed down 53 points at 25,053, led by weakness in UNH, DIS, HD, AAPL and BA. 

Seven of eleven sectors were higher on Monday, led by industrials XLI +0.53% and energy XLE +0.48%.

SPY up .15 at 270.62 on 67.9 million shares, 28% below average volume. Up on lower volume.

VIX up .25 at 15.92

Oil down .26 at 52.45

TLT down .48 at 121.87 on 4.3 million shares. 

NKE +1.60%, AXP +0.85%, led the DJIA, 15 advancers, +0

ABMD +4.02%, NWL +3.74% and SWN +3.68%, led the SPX.

CERN +2.66%, ISRG +2.40%, TSLA +2.30%, and HSIC +2.10% led the NDX.

Long term up trend intact.  3-day short term trend is down.

Up: IWM, SPY,

Down: QQQ, DIA,

Breadth strengthened on Monday, as advancers led 1,901 to 985 on the NYSE and led 1,850 to 1,156 on the NASDAQ

The SPY MFC green line is in the upper zone at 94 and is short-term bullish.

Uptrend sectors: XLRE, XLC,

Neutral sectors:  XLU, XLI, XLK, XLY, XLV, XLP, XLB, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

57 of 100 NDX stocks closed higher on Monday.

84 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, CDNS, CTRP, EBAY, FB, PCAR, PYPL, TMUS, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, AAPL, AMD, ORLY, PEP, CHTR, NVDA, INTC, CTXS, MSFT, EA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

 

Moving Below 30 DMA = 1

BMRN,