SPX, DJI, RUT in Bull Flag Price Pattern...

 
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NDX -78.99, -0.66%, pauses Friday after a channel bounce on Thursday from a higher low. 
 
SPX -24.33, -0.68%, closes at 3,557, is a breakout test that moved below recent resistance and formed a four-day bull flag price pattern.
 
One of eleven sectors was higher on Friday, led by XLU, XLB and XLV. 
 
Utilities leaders: EVRG, NI, CMS, PEG
Basic Materials leaders: ALB, SEE, DD, FCX
Healthcare leaders: DVA, A, LH, DGX
 
SPY down 2.45 at 355.33 on 70.4 million shares, below average volume, down on higher volume.
VIX up .59 at 23.70
 
NKE, MMM, TRV, MRK led the DJIA, 5 advancers, -13
ETSY, MCHP, TTWO, TWTR led the SPX, 158 advancers
ZM, MRNA, NTES, PDD led the NDX, 36 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: QQQ, SPY, DIA,
 
Advancers weakened on Friday as decliners led 1,649 to 1,406 on the NYSE and advancers led 1,888 to 1,702 on the NASDAQ
 
The SPY MFC green line turned down at 85.9 and is counter-trend defensive.  Price action is a bull flag setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Neutral sectors:  XLRE, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
36 of 100 NDX stocks closed higher on Friday.
 
63 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, EXC, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, CDW, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, AAPL, ISRG, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, DOCU, NTES, TTWO, CERN,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
CERN,  
 
Moving Below 30 DMA = 3
BIDU, PCAR, WDAY,
 
 
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