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Market Rap 02/23/23 by CTG

SPY / QQQ / Vix SPY 5 days, hourly candles S&P futures testing the highs from yesterday 401 the corresponding futures/pre mkt high so far

398.39 the after hours low from yesterday before futures opened

SPY 3 months, daily candles Testing the 50 day MA(blue) and the 50% retrace of the Dec. 22nd low to the Feb. 2nd high here. Daily downtrend/weekly uptrend in play - with a higher low needing to be found on the weekly by the bulls anywhere above that Dec. 22nd low of 374.77. (support)

397.02 the low from yesterday

396.76 the 50 day MA

396.54 is the exact 50% retrace of the Dec 22-Feb. 2 move


393.18 200 day MA(purple) (resistance)

401.13 the high from yesterday


406.29 the falling 12ema(white)

QQQ 5 days, hourly candles Nasdaq futures pushed thru the highs from yesterday, following the strong bullish NVDA earnings reaction 297.25 the pre mkt high so far

293.99 the after hours low from yesterday before futures opened

QQQ 3 months, daily candles 200 day MA(purple) test coming into view as the Nasdaq retraces 61.8% of the Dec 28th low to the Feb. 2nd high. Daily downtrend/weekly uptrend in play as the bulls search for a "higher low" on the weekly anywhere between here and that Dec. 28th low of 259.73. (support) 292.56 the low from yesterday 290.21 the 200 day MA 288.52 288.36 small open gap 284.93 the 50 day MA(blue) (resistance) 296.36 the high from yesterday 298.73 300.07 the falling 12ema(white)

March Vix futures 3 months, daily candles Daily consolidation of this recent move underway today with a break of yesterdays lows

Spot Vix 3 months, daily candles Also seeing daily consolidation begin with a push under yesterdays lows; a back-test of the 20.61 50 day MA(blue) and 20 psyche area in the cards if the broad market bulls can shape up their daily bounce

$DXY 3months, daily candles Testing recent highs from the end of last week

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