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Morning Market Rap 10/26/21 by CTG

SPY / QQQ / Vix S&P futures continuing the all time high breakout 457.55 the corresponding futures high

454.77 the after hours low before futures opened

SPY 3 months, daily candles Still no daily consolidation to speak of here as we push further into all time high territory. Hourly and 4hr RSI are heated, so a cooling could come any time, daily RSI still has some room tho. 455.90 the new ATH from yesterday - thru there in futures action so a gap up open setting up 452.39 the low from yesterday and first support

451.05 next

448.27 after that with an open gap to

447.55

443.68 the 50 day MA

443.27 next candle support with an open gap to 442.66

QQQ 5 days, hourly candles Nasdaq futures continuing up as well and pushing for the all time high test 380.54 the corresponding futures high

376.72 the after hours low before futures opened

QQQ 3 months, daily candles 378.87 the high from yesterday - Trading above there currently so gap up open setting up here also

382.78 the previous all time high and the only resistance left 373.56 the low from yesterday and first support

372.39 the new daily "higher low" after seeing some shallow consolidation on Friday, then continuing further up to start the week

370.31 the 50 day MA

366.82 next support Hourly and 4hr RSI is heated here as well, so we can't be surprised when we do see some pullback; so far we've only seen shallow retraces/sideways action to cool those conditions on this whole run upward since the Oct lows

Nov Vix futures 3months, daily candles Relentless vol crush continues here

Spot Vix 3 months, daily candles Debating on losing the 15 area here and testing the lowest levels of volatility we've seen since the Post Covid lows back in June/July in the low 14s

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




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