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Morning Market Rap 01/13/22 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures tested the lower end of yesterdays RTH range, bounced, and now currently trading in the middle of that range 469.58 the corresponding futures low

471.59 the corresponding futures high

SPY 3 months, daily candles The recent oversold bounce pushed above the daily 12ema (white line) yesterday, before pausing (but closing above that 12ema), filled the gap created after the open, and then closing with an indecision doji candle look 468.94 the low from yesterday and first support

466.91 the 50 day MA

462.05 next

456.60 after that 473.20 the high from yesterday and first resistance

477.98, 479.98 previous ATH after that

QQQ 5 days, hourly candles Nasdaq futures with a similar look, tested yesterdays RTH lows, bounced, currently trading in the middle of the range 385.70 the corresponding futures low

388.04 the corresponding futures high

QQQ 3 months, daily candles The bounce continued here as well with a gap up open and push thru the 12ema (but close back below) before pausing ahead of the 50 day MA, filling the gap, then coming back into the middle of the days range 385.01 the low from yesterday and first support

377.22 next

374.91 the 150 day MA

369.31 the recent lows after that 390.20 the high from yesterday and first resistance

393.46 the flattening 50 day MA

395.89, 402.28 after that

January Vix futures 3 months, daily candles Trading right back in the recent lows - this contract expires Tuesday, so we'll move onto the Feb contract next week.

February vix futures are almost to the point where they represent 100% of the movement of vol etfs like VXX, UVXY etc.

Spot Vix 3 months, daily candles Broke under 18 yesterday - inside bar day so far today, in yesterdays small range. Break the inside bar bearish and the low 16 area becomes more likely.

Break it bullish and another test of the 20-21 area comes back into the conversation.

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





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