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Morning Market Rap 01/04/22 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures poking into new all time high territory 479.84 the corresponding futures high

477.25 the corresponding futures low

SPY 3 months, daily candles Daily consolidation staying healthy above the 12ema (white line), daily bull flag potential 477.85 the high from yesterday, trading above there now for the gap up open set up

479 the previous RTH all time high, also a scooch above that level so blue sky conditions in play 473.85 the low from yesterday and first support

472.36 the 12ema

467.81 small open gap

465.11 the 50 day MA

QQQ 5 days, hourly candles Nasdaq futures also strong overnight and thru yesterdays RTH highs, challenging the 12/30 highs 403.56 the corresponding futures high

401.51 the corresponding futures low

QQQ 3 months, daily candles Bounce of the 12ema yesterday with a potential daily bull flag set up here as well 401.94 the high from yesterday, trading a tad above there now for the gap up open look

404.58 next resistance and spot for the bulls to push over to confirm a new daily uptrend

408.71 previous ATH after that 397.35 the 12ema

396.88 the low from yesterday

392.88 the 50 day MA

Jan Vix futures 3 months, daily candles MOAR vol crushing

Spot Vix 3 months, daily candles Slower bleed out here and testing that 16ish area; Upper 14s next if that can't hold up

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