top of page
Search

Morning Market Rap 01/10/22 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures tested Fridays lows right after the Sunday night open, bounced into the middle of Friday's RTH range, and then gave it all back early AM; Now currently flushing Friday's lows 463.50 the corresponding futures low so far

467.35 the corresponding futures high

SPY 3 months, daily candles Broke the 50 day MA on Friday and closed below, futures action pushing decisively under that level and setting up for a gap down open currently 464.65 the low from Friday, trading under that level for the gap down open

462.58 next support level, the 4hr RSI is currently oversold and the hourly RSI would be oversold again into that area

455.40 small open gap

451.14 after that then 448.92

447.81 the 150 day MA 466.34 the 50 day MA now overhead

469.20 the high from Friday and next resistance

QQQ 5 days, hourly candles Nasdaq futures also flushing Friday's lows, hourly and 4hr OS conditions currently 374.92 the corresponding futures low so far

381.75 the corresponding futures high

QQQ 3 months, daily candles Daily equilibrium breaking bearish in futures action as we break December lows and head for a test of the 150 day MA 378.04 low from Friday, 377.47 Dec low both breaking as we head for the gap down open

373.98 the 150 day MA

372.39 the 10/22 lows

363.36 the 200 day MA 385.76 the high from Friday and first resistance on this timeframe

January Vix futures 3 months, daily candles Heading up for a test of the recent highs from last Thursday

Spot Vix 3 months, daily candles Testing, starting to push thru last Thursdays highs here as we're back into the 20s, which has us expecting lots of wide ranges and movement both directions

TLT 5 days, hourly candles

Slight break of Fridays lows here with no follow thru earlier. We'll see if the recent interest rate spike tops out soon, or if we break on thru to levels last seen June '21

https://www.briefing.com/stock-market-update




2 views0 comments

Recent Posts

See All
Post: Blog2_Post
bottom of page