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Morning Market Rap 09/29/21 by CTG

SPY / QQQ / Vix SPY 5 days, hourly candles S&P futures held yesterdays lows overnight, and saw a bounce that extended a bit past the bounce high from yesterday afternoon 437.19 the corresponding futures high

433.61 the after hours low from yesterday before futures opened

SPY 3 months, daily candles Gap down lower yesterday saw big follow thru, as we watch to see if bulls can set a daily "higher low" above the recent lows from 9/20 432.94 the low from yesterday and first support

428.86 the 9/20 low and most important area for bulls to hold above on this pullback

422.69 the 150 day MA

421.97 weekly support

411.81 the 200 day MA 440.04 the high from yesterday and first resistance

441.90 open gap from yesterday

443.39 the 50 day MA

444.89 next resistance

QQQ 5 day, hourly candles Similar story here with Nasdaq futures- oversold hourly bounce underway, pushed over yesterday afternoon's bounce high; Currently topping out and looking for an hourly higher low anywhere above the lows from yesterday 359.35 the after hours low from yesterday afternoon before futures opened

363.80 the corresponding futures bounce high

QQQ 3months, daily candles Bit of a different look here as we broke the 9/20 lows and closed below that level; Testing weekly support from 8/19 and on the verge of losing the weekly uptrend and confirming a daily downtrend.

Nasdaq futures bulls are trying to play some defense against those data points, if the lows from yesterday can hold. 359.35 the low from yesterday and important support

352.04 next weekly support area

345.96 the 150 day MA

339.37 the 200 day MA 370.30 the high from yesterday and first resistance, just under the 50 day MA at

370.76

374.04 the last daily "lower high" from the most recent bounce

October Vix futures 3months, daily candles Staying under yesterdays highs so far, pulling off some with the broad market futures bounce attempt and giving about a 1/3 of the big move from yesterday back

Spot Vix 3months, daily candles The big Vix spike from yesterday topped out at 24.77. Currently retracing a little less than half that move and trading around 22.

TLT 15 days, hourly candles Currently attempting it's 4hr and hourly oversold RSI bounce, as interest rates are cooling a bit from their recent post FOMC surge


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