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Morning Market Rap 10/25/21 by CTG

SPY / QQQ / Vix SPY 5 days, hourly candles S&P futures sideways within Friday's range 451.80ish the corresponding futures low

454.10 the corresponding futures high

SPY 3 months, daily candles A tease of daily consolidation on Friday with no follow thru, potential bearish reversal doji candle put in, watching for confirmation today - Which would be an open, and more importantly a close below 453.12. Trading above there currently in futures/pre mkt action. Plenty of room for bulls to maintain the daily uptrend once consolidation does begin, anything above 431.54 would be a daily "higher low". 451.05 the low from Friday and first support, break below there and we'd see daily consolidation follow thru

450.71 small gap to fill

448.27 next

447.55 another open gap

443.49 the 50 day MA

443.27 next candle support

442.66 next open gap454.67 the new all time high and only resistance, looking to get tested first thing as we're just under there currently in pre mkt action

QQQ 5 days, hourly candles Nasdaq futures have also stayed within Friday's range since the Sunday evening open, currently trading right in the middle of said range 372.90ish the corresponding futures low

375.27 the corresponding futures high

QQQ 3 months, daily candles Daily consolidation began here on Friday, we'll see if it remains shallow and holds above the 50 day MA 372.39 the low from Friday and first support

370.13 the 50 day MA

366.82-366.99 next support area

363.01 next

360.69 open gap

356.48 the last daily "higher low" and spot bulls need to stay above to maintain the uptrend 376.97 the high from Friday and first resistance

377.47 next

379.43 after that

382.78 the previous all time high

Nov Vix futures 3 months, daily candles Hanging out near the lows, inside bar day so far within Fridays range. We'll see which way that breaks to give an indication if we're going to see some deeper consolidation of the recent broad market gains, or if we keep on heading higher.

Spot Vix 3 months, daily candles Inside bar day here so far too, hanging out near the higher end of Friday's range

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




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