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Morning Market Rap 09/30/21 by CTG

SPY / QQQ / Vix S&P futures saw a bounce overnight/early AM over yesterdays highs, currently retracing about half of that bounce so far 438.15 the corresponding futures high

434.33 the after hours low before futures opened

SPY 3 months, daily candles Inside bar day yesterday with a hold of the previous day's lows, looking for a daily higher low against the 9/20 lows or bears will confirm a daily downtrend 433.85 the low from yesterday and first support

432.94 next

428.86 the area for bulls to defend to avoid the confirmed daily downtrend

421.97 weekly support after that 437.04 the high from yesterday and first resistance

440.04 next

441.90 fills the overhead gap

443.46 the 50 day MA

444.89 the last daily "lower high"

QQQ 5 days, hourly candles Nasdaq futures also saw a bounce that was weaker compared to the S&P, and fell short of it's highs from yesterday 362.72 the corresponding futures high

359.27 the after hours low before futures opened

QQQ 3 months, daily candles Daily downtrend has been confirmed here yesterday/the day before, watching to see if it gets any follow thru 358.64 the low from yesterday and first support

352.04 is next weekly support 363.37 the high from yesterday and first resistance

370.77 the 50 day MA

374.04 the last daily "lower high" and anything under there on any bounce attempts keeps the bears in control on this timeframe

Oct Vix futures 3 months, daily candles A test and hold of yesterdays lows so far on the broad market futures bounce; Daily bull flag possible if we can't break the lows from the past 2 days at 21.69-21.70

Spot Vix 3 months, daily candles A bit more pull off here after seeing a perkier move than the futures the past few days, so far holding above 20




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