SPY / QQQ / Vix
SPY 5 days, hourly candles S&P futures trading sideways in the middle of yesterdays range 408.35 the corresponding futures low
412.18 the corresponding futures/pre mkt high so far

SPY 3 months, daily candles Daily consolidation started yesterday without much follow thru, after filling the small open gap from 5/26-5/27. Holding above the 12ema so far (white line) in the context of a daily uptrend/weekly downtrend. (support)
406.93 the low from yesterday
404.63 the 12ema
398.45 after that
386.96 the most recent daily "higher low" and spot bulls will need to stay anywhere above to keep the uptrend on this timeframe intact (resistance)
416.24-416.46 the high from the last 2 days
419ish heavier volume profile
425
425.21 the 50 day MA (blue line)
429.66 the 5/4 peak

QQQ 5 days, hourly candles Nasdaq futures similar, sideways in the middle of yesterdays range after a test of the lower end 304.90 the corresponding futures low
308.58 the corresponding futures/pre mkt high

QQQ 3 months, daily candles A higher high and lower low yesterday compared to the previous day, but still mostly resisting any daily consolidation (unlike SPY and IWM). Daily uptrend/weekly downtrend in play. (resistance)
312.65 the high from yesterday
317ish heavier volume profile starts to come into play
325.25 after that
326.77 the 50 day MA
330.29 the 5/4 peak (support)
303.73 the low from yesterday
302.42
300.96 the 12ema
300.92 open gap
290.15 next
282.25 the most recent daily "higher low" with bulls looking to keep anywhere above there once daily consolidation begins

June Vix futures 3 months, daily candles
Vol crush continued here yesterday, debating on more today as we're testing the lows from yesterday currently

Spot Vix 3 months, daily candles
Different look here as we still are holding on above May lows - testing that area yet again. If that 24.94-25.38 area starts to break we could see a bigger flush and vol crush under those May lows.

https://www.briefing.com/stock-market-update
Oil drops, stocks pop
02-Jun-22 07:57 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +20.50. Nasdaq futures vs fair value: +81.70.The S&P 500 futures are up 19 points and are trading 0.5% above fair value. The Nasdaq 100 futures are up 83 points and are trading 0.7% above fair value. The Dow Jones Industrial Average futures are up 139 points and are trading 0.5% above fair value.
The positive bias in the futures market has been helped by a pullback in oil prices and some better-than-expected earnings results and reassuring guidance from tech stocks NetApp (NTAP), MongoDB (MDB), and Elastic (ESTC).
WTI crude futures are down 2.5% to $112.37/bbl following an FT report that suggests Saudi Arabia is ready to step up production to compensate for any significant drop in output from Russia due to the EU sanctions. Oil futures flirted with $120.00/bbl on Tuesday.
Today's session will feature a bevy of economic data, starting with the May ADP Employment Change Report at 8:15 a.m. ET and followed by the weekly initial claims and revised Q1 Productivity reports at 8:30 a.m. ET. The April Factory Orders Report will be released at 10:00 a.m. ET. Natural gas and oil inventory reports from the EIA will hit the wires at 10:30 a.m. ET and 11:00 a.m. ET, respectively.
The 10-yr note yield is down two basis points to 2.91% and the 2-yr note yield is unchanged at 2.65%. The U.S. Dollar Index is down 0.3% to 102.15.
In corporate news:
Meta Platforms (FB 189.94, +1.30, +0.7%): Mark Zuckerberg confirms Sheryl Sandberg will depart FB as COO, Javier Olivan will become new COO
NetApp (NTAP 75.00, +2.49, +3.4%): beats by $0.14, reports revs in-line; guides JulQ EPS in-line, revs in-line; guides FY23 EPS in-line, revs in-line
MongoDB, Inc. (MDB 263.20, +21.39, +8.9%): beats by $0.30, beats on revs; guides JulQ EPS below consensus, revs above consensus; guides FY23 EPS above consensus, revs in-line
Elastic (ESTC 65.98, +4.04, +6.5%): beats by $0.05, beats on revs; guides Q1 EPS in-line, revs above consensus; guides FY23 EPS in-line, revs above consensus
Hewlett Packard Enterprise (HPE 15.09, -0.69, -4.4%): misses by $0.01, misses on revs, as-a-service orders increased 107%; guides Q3 EPS in-line; guides FY22 EPS in-line, reiterates revenue growth of 3-4%, adjusted for currency
Chewy (CHWY 28.22, +4.73, +20.1%): beats by $0.17, reports revs in-line; guides JulQ revs in-line; reaffirms FY23 revs guidance
PVH Corp (PVH 74.00, +2.89, +4.1%): beats by $0.34, beats on revs; guides JulQ EPS below consensus, revs below consensus; guides FY23 EPS below consensus, revs below consensus; increases planned 2022 share repurchases to $400 mln

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