SPY / QQQ / Vix
SPY 5 days, hourly candles S&P futures seeing some more follow thru of last weeks rally. 4hr RSI pushing into overbought territory. 392.94 the corresponding futures/pre mkt high
388.32 the corresponding futures low

SPY 3 months, daily candles and 3yrs, weekly candles Big follow thru over the daily 12ema (white line) and the post Fed high from 6/15. Daily downtrend broken, weekly bounce underway/with weekly downtrend still in play; looking for a weekly lower high anywhere under 417.44.
(resistance)
390.09 the high from Friday, trading a bit above there currently for the gap up open set up
395.78 next
401.44 the next open gap
404.76 the weekly 12ema
405.81the 50 day MA (support)
383.32 the daily 12ema
381.37 the low from Friday
378.83 open gap
370.18 next
369.38 small open gap


QQQ 5 days, hourly candles
Nasdaq futures also seeing follow thru over Fridays highs
297.80 the corresponding futures/pre mkt high
293.75 the corresponding futures low

QQQ 3 months, daily candles and 3yr, weekly candles Big follow thru over the post Fed highs from 6/15, daily downtrend broken/weekly downtrend still in play; Looking for a weekly "lower high" anywhere under 314.56. (resistance)
295.04 the high from Friday, trading over there currently for the gap up open set up
299.23 open gap
305.42 the 50 day MA
306.89 the weekly 12ema (support)
287.50 the low from Friday
286.74 the daily 12ema
285.72 open gap
280.31 next
277.91
277.19 open gap


July Vix futures 3 months, daily candles
More vol crush on Friday, resisting any lower lows under Friday's, so far

Spot Vix 3 months, daily candles Pushed under the 6/15 post Fed lows here Friday, seeing some lift back above those levels and trading in the middle of Fridays wider range currently.
Watching to see which way todays inside bar breaks:
29.72 the high from Friday
26.83 the low from Friday

https://www.briefing.com/stock-market-update
Rebound trade carries over
27-Jun-22 08:03 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +14.50. Nasdaq futures vs fair value: +79.80.
The S&P 500 futures are up 14 points and are trading 0.4% above fair value. The Nasdaq 100 futures are up 79 points and are trading 0.7% above fair value. The Dow Jones Industrial Average futures are up 119 points and are trading 0.4% above fair value.
The market seems headed for a higher open with rebound momentum from last week's rally as the biggest driving force.
There's a few pieces of relatively negative news that are not overpowering the rally effort. The International Monetary Fund released new projections indicating the U.S. will narrowly avoid a recession. The Bank of International Settlements warned about a global risk of stagflation. Also, San Francisco Fed President Daly noted that she sees additional tightening beyond the neutral rate.
Separately, the G7 leaders are discussing import bans for Russian gold. This news comes as Russia experienced its first major foreign debt default since 1918.
In corporate news:
AutoZone (AZO 2199.99, +41.08, +1.9%): upgraded to Buy from Neutral at Goldman Sachs
Coinbase (COIN 59.31, -3.40, -5.4%): downgraded to Sell from Neutral at Goldman Sachs
Spirit (SAVE 2316, -1.36, -5.6%): says JetBlue offer not superior to one from Frontier; Frontier raises cash portion of its bid
Altria (MO 43.62, +0.22, +0.5%): Federal Court blocks FDA's ban on JUUL e-cigarettes

Comments