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Market Rap 04/05/22 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures trading in the upper end of yesterdays range, saw a slight push thru earlier this AM before pulling off some 457.44 the corresponding futures high

455.32 the corresponding futures low so far


SPY 3 months, daily candles New daily "higher lows" are set at Friday's lows, after bouncing off the 12ema (white line)(resistance)

456.91 the high from yesterday and first resistance

458.76 next

462.07 the recent high(support)

452.26 the low from yesterday and first support

451.06 the 150 day MA

450.60 the 12ema

449.14 the new daily "higher low" and most important spot for bulls to hold above to maintain the daily uptrend

447.63 the 200 day MA

QQQ 5 days, hourly candles Nasdaq futures trading in the upper end of yesterdays range 369.98 the corresponding futures high

367.97 the corresponding futures low

QQQ 3 months, daily candles New daily "higher low" is set off the daily 12ema (white line) and Fridays low; currently testing the 200 day MA (purple line)(resistance)

369.15 the 200 day MA

369.31 the high from yesterday and first resistance

371.18 the 150 day MA

371.83 the recent high from 3/29(support)

362.44 the low from yesterday and first support

359.44 the 12ema

358.59 the new daily "higher low" and most important area for bulls to hold anywhere above on the next pullback

April Vix futures 3 months, daily candles Daily bear flag playing thru; currently trying to hold above yesterdays lows

Spot Vix 3 months, daily candles On the verge of seeing this daily bear flag play thru as well, but currently attempting to hold up around the recent lows in the mid-18s. If we saw more downside follow thru from the bear flag, the daily RSI would be back at historical bounce levels again.

https://www.briefing.com/stock-market-update Futures muted in quiet session

05-Apr-22 07:57 ET

Market is Closed

[BRIEFING.COM] S&P futures vs fair value: -1.20. Nasdaq futures vs fair value: -18.50.The S&P 500 futures trade roughly in-line with fair value in a relatively quiet session. Investors are waiting for key data on the services sector, speeches from several Fed officials, and any new sanctions against Russia for its alleged war crimes.

The Treasury market remains a focal point, as the 2s10s spread has un-inverted. The 2-yr yield is up four basis points to 2.46% amid rate-hike expectations, and the 10-yr yield is up five basis points to 2.46% amid inflation expectations.

Oil prices are still trading over $100 per barrel ($103.75, +0.47, +0.5%) while the U.S. Dollar Index (98.94, -0.06, -0.1%) is weaker.

On the data front, investors will receive the Trade Balance for February (Briefing.com consensus -$88.5 billion) at 8:30 a.m. ET and the ISM Non-Manufacturing Index for March (Briefing.com consensus 58.5%) at 10:00 a.m. ET.

Today's lineup of Fed speakers includes Minneapolis Fed President Kashkari (alternate voter) at 10:00 a.m. ET, Fed Governor Brainard (FOMC voter) at 11:05 a.m. ET, and New York Fed President Williams (FOMC voter) at 2:00 p.m. ET.


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