SPX Closes Lower form 2-day Bull Flag Setup with Hammer...Consumer Discretionary Leads Sectors...TSLA Hits 6-month High...

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-SPX -20.88, opened lower, traded lower, rallied and formed a red hammer.

-SPX closed near Thursday’s S-1 level forming a two-day bull flag setup.

-VIX down .31.

-Breadth weakened on Tuesday.

-TSLA +13.91, +5.34% rallied to a 6-month high.

-Regional banks continue to grind: KRE -0.55, -1.29%, ZION -0.78, -2.72%.

-Powell at Senate Banking Committee Wednesday, 10 am ET.

DXY and TLT closed higher, while GLD, /CL and TNX moved lower.

Mega caps TSLA, NVDA, META, AMZN, AAPL rose and GOOGL, MSFT fell.

SPY down 2.28 at 437.18, on 76.1 million shares, below average volume, down on lower volume.

VIX down .31 at 13.88

QQQ down 1.03 at 366.90, ex-dividend .504 on Tuesday

CRM, UNH, MRK, HD led the DJIA, 5 advancers, -10

GNRC, FTI, UNH, WYNN led the SPX, 96 advancers

RIVN, TSLA, PYPL, NVDA led the NDX, 24 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:  

Down:  QQQ, IWM, SPY, DIA,

One of eleven sectors was higher on Tuesday, led by XLY, XLV and XLC.

The SPY MFC green line is pointed down at 91.8 and is counter-trend defensive.  SPY opened flat, traded lower, rallied and formed a doji.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE, XLV, XLP,

Neutral sectors:  XLU, 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: Sideways

24 of 100 NDX stocks closed higher on Tuesday.

80 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, CSGP, MSFT, NVDA, CEG, LRCX, META, VRSK, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, TEAM, CTAS, PANW, CDNS, NXPI, TXN, ZM, ANSS, COST, PDD, ATVI, INTC, QCOM, ADSK, BKR, CSX, DXCM, MCHP, ABNB, ADP, EBAY, HON, JD, PAYX, PCAR, ALGN, CTSH, SIRI, CMCSA, GFS, WBA, ADI, FAST, INTU, SGEN, LULU, REGN, ROST, VRTX, EA, GILD, ODFL, GEHC, AMGN, AZN, EXC, IDXX, PYPL, KDP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

BKNG, CHTR, ILMN, MAR, MRNA, SBUX, WBD,

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