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Morning Market Rap 01/03/22 by CTG


SPY 5 days, hourly candles S&P futures trading up and thru Friday's RTH highs, testing previous all time highs from last Thursday 478.09 the corresponding futures high

476.38 the corresponding futures low

SPY 3 months, daily candles Daily bull flag still in play as consolidation of the late December surge has stayed healthy for bulls 476.86 the high from Friday - trading above there now so setting up for the gap up open

479 ATH resistance all that's left after that 474.67 the low from Friday and first support

471.39 the 12ema

467.81 small open gap

464.63 the 50 day MA

QQQ 5 days, hourly candles Nasdaq futures testing the RTH highs from Friday 400.74 the corresponding futures high

399.04 the corresponding futures low

QQQ 3 months, daily candles Healthy daily consolidation here last week as well, staying above the 12ema keeps bulls the strongest. "W" pattern look currently as we form the right side of that pattern. 401.06 the high from Friday and first resistance

404.58 next and spot bulls would need to get thru to gain full control of the trend on this timeframe

408.71 previous ATH all that's left after that 397.34 the low from Friday and first support

396.56 the 12ema

392.39 the 50 day MA

January Vix futures 3months, daily candles Relentless Vol crush continues

Spot Vix 3 months, daily candles Slightly different look here as "real time" vol has spent most of the past week going sideways. Daily bear flag look - if that plays thru we could see low 16s, then high 14s after that as next "support" area.

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