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Morning Market Rap 10/11/21 by CTG

SPY / QQQ / Vix SPY 5 days, hourly candles S&P futures pulling back further under Friday's lows and flirting with the top of the previous break out zone 435.14 the corresponding futures low

438.42 the corresponding futures high

SPY 3 months, daily candles Daily consolidation of this recent bounce underway as we look for the lower gap fill 437.19 the low from Friday - trading under there currently so gap down open setting up (gap into the gap)

435.12 fills the lower gap

427.54 next

425.65-426.36 the area for bulls to stay above on this daily consolidation if they're going to attempt a daily "higher low"

Watching for oversold hourly or 4hr conditions for that higher low attempt 439.89 the high from Friday and first resistance

441.68 after that

442.80 the 50 day MA

QQQ 5 days, hourly candles Nasdaq futures also consolidating the recent bounce, a bit deeper than the one the S&P is seeing, and pushing down back thru the top of the recent breakout area 358 the corresponding futures low so far

361.40ish the corresponding futures high

QQQ 3 months, daily candles Daily consolidation underway, watching for the daily gap fill then a daily "higher low" attempt by bulls anywhere above the recent lows 360.61 the low from Friday - Trading well under there currently so gap down open coming

359.95 fills the gap

353.15 next

350.32 after that and spot bulls will look to form a daily higher low above 364.32 the high from Friday and first resistance

365.69 after that, and the last daily "lower high"

369.83 the 50 day MA

Oct Vix futures 3 months, daily candles Seeing some higher highs over Fridays highs, as it bounces off recent lows

Spot Vix 3 months, daily candles Daily tightening range and setting the next daily "higher low" at 18.20, as we see higher highs today over Friday's highs

Looking for daily "lower high" anywhere below 24.89 now

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