SPX Closed Lower forming a Bull Flag Price Pattern...Consumer Discretionary, Communications Services, Health Care Lead Sectors...Changes in SPX, NDX Monday BMO...

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The SPX -8.55, 5,464, opened slightly lower, traded in a range, formed a spinning top candle and closed lower.  The SPX closed above 5,400 for the seventh day. The SPY and NDX -0.26% closed slightly lower. 

NVDA -4.21, -3.22%, 126.57, pulled back in a BO test and formed a spinning top candle.  Melius Research raises price target to $160 from $125. 

AVGO -75.93, -4.38%, pulled back for a third day still forming a bull flag price pattern.  It has a 10 for 1 stock split on July 15. 

CRWD, GDDY, KKR will replace CMA, ILMN, RHI in the S&P500 before the open on June 24.

ARM will replace SIRI in the Nasdaq 100 before the open on June 24.

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

SPY down 0.73 at 547.00, ex-div 1.759, on 64.5 million shares, above average volume.

VIX down .08 at 13.20

QQQ down 1.29 at 480.18

MCD, NKE, AMZN, INTC led the DJIA, 17 advancers, -6

FDS, FMC, ETSY, CTLT led the SPX, 297 advancers 

DASH, MDB, GILD, TEAM led the NDX, 67 advancers

Up:  IWM, DIA,

Down:  SPY, QQQ,

Six of eleven sectors were higher on Friday, led by XLY, XLC and XLV.

The SPY MFC green line turned down at 93.6 and is counter-trend defensive.

Uptrend sectors:  XLK, XLC, XLU, XLP, XLF, XLB, XLI, XLE,

Neutral sectors:  XLV, XLRE, XLY,

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 a little

67 of 100 NDX stocks closed higher on Friday.

71 NDX stocks are above their 30 DMA:  AZN, GOOGL, TSLA, COST, TTD, VRSK, AAPL, ADI, QCOM, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX, SNPS, VRTX, ISRG, CHTR, MU, TMUS, EA, CDW, ROST, HON, CMCSA, META, ROP, SBUX, MSFT, AVGO, CRWD, LIN, LRCX, ZS, ILMN, CTAS, PANW, LIN, ORLY, ADSK, MAR, MRVL, TSLA, ADBE, ABNB, CDW, CPRT, KDP, PAYX, CEG, AMGN, AMZN, ANSS, BKR, CTSH, GEHC, GFS, GILD, INTU, SIRI, ADP, CCEP, CSCO, CSX, DASH, DDOG, INTC, TTWO, TXN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 9

ADP, CCEP, CSCO, CSX, DASH, DDOG, INTC, TTWO, TXN,

Moving Below 30 DMA = 1

AMD,  

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