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Morning Market Rap 10/20/21 by CTG

SPY / QQQ / Vix SPY 5 days, hourly candles S&P futures sideways up near the higher end of yesterdays range 451.22 the after hours high, before futures opened

450.00 the corresponding futures low

SPY 3 months, daily candles Another gap up open yesterday with more daily uptrend continuation; 3 open gaps lower as we're about 1% away from testing the previous all time high 450.71 the high from yesterday and first resistance

452.57 next

454.05 previous ATH 448.27 the low from yesterday and first support

447.55 open gap

443.27 next 442.94 the 50 day MA

442.66 open gap

438.58 next

436.05 open gap

431.54 the last daily "higher low" and most important area for bulls to hold anywhere above once daily consolidation begins

QQQ 5 days, hourly candles Nasdaq futures similar action, sideways in the upper end of yesterdays range 376.10 the after hours high before futures opened

374.71 the corresponding futures low

QQQ 3 months, daily candles Daily uptrend continuation here as well, with 2 of the 3 opening gaps from this current run getting filled the same day 375.52 the high from yesterday and first resistance

378.90-379.43 next resistance area

382.78 previous all time high after that 372.70 the low from yesterday and first support

366.82 next

363.01 after that, with an open gap to

360.69

356.48 the last daily "higher low" and the spot for bulls to stay anywhere above once daily consolidation begins, to maintain the uptrend on this timeframe

Nov Vix futures 3months, daily candles

Spot Vix 3 months, daily candles Same story here, right back to the lows after a weak bounce Monday; giving the daily bear flag look a higher probability of playing thru. Low 15s next area to watch if we start to flush lower.

Post-Covid low of 14.10 after that.

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




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