SPX Closed Lower, Day Two Flag Pullback...

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SPX -17.94, 6,034, pulled back forming day two of a potential bull flag price pattern.    The DJI closed lower at 44,247. 

NDX -0.34% closed slightly lower.

The SPY MFC green line is pointed down at 93.1 and is counter-trend defensive. -2.9.

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

Neutral sectors:  XLV,

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

37 of 100 NDX stocks closed higher on Tuesday.

55 NDX stocks are above their 30 DMA:  DASH, CSCO, BKNG, MRVL, TEAM, PANW, TTWO, EA, ISRG, NFLX, TSLA, CDNS, VRSK, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, GFS, MAR, CPRT, FTNT, HON, PYPL, DXCM, SBUX, ADBE, DDOG, CTSH, LULU, TTD, DLTR, ORLY, ROST, AAPL, SMCI, MSFT, ASML, META, LRCX, CCEP, WDAY, ADSK, AVGO, GOOGL, ABNB, AZN, IDXX, ILMN, KDP, ADP, GILD,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

ADP, GILD,

Moving Below 30 DMA = 5

CSGP, MDB, MRNA, MU, VRTX,

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