top of page
Search

Morning Market Rap 10/27/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures attempting to hold above the lows from regular trading hours/after hours yesterday as overbought hourly, 4hr RSI conditions cool down 455 the after hours low before futures opened

456.96 the corresponding futures high

SPY 3 months, daily candles Gap up created from the open yesterday filled yesterday, bulls looking to avoid daily consolidation and hold the low of yesterday. Lots of support on the way down if that breaks, with a lot of breathing room for bulls to defend the uptrend on this timeframe. 455.56 the low from yesterday and first support, looking to get tested first thing

452.39 next

451.05 after that

448.27 next with an open gap to

447.55

443.86 the 50 day MA 458.49 the new all time high set yesterday and the only resistance

QQQ 5 days, hourly candles Nasdaq futures with a similar look as they're also trying to hold above the lows from yesterday 378.09 the corresponding futures low

379.97 the corresponding futures high

QQQ 3 months, daily candles Fell just short of the previous all time high by .07 - bulls looking to hold the low from yesterday and avoid daily consolidation as the 4hr, hourly RSI's cool down 377.91 the low from yesterday and first support, looks to get tested first thing

372.39 next and the new daily "higher low" - bulls looking to stay above those levels or risk losing the uptrend

370.52 the 50 day MA

366.82-366.99 next support area 382.71 the high from yesterday and first resistance, 382.78 the previous ATH

Nov Vix futures 3 months, daily candles Still languishing near the recent lows, would need the broad market to see some daily consolidation to get some lift

Spot Vix 3 months, daily candles Some mild higher highs yesterday coming off a pretty low base and yearly lows; Inside bar day so far. If that breaks bulls we'll see daily consolidation in the market finally get underway.

IWM 3 months, daily candles Setting up for a gap down open under the 227.80 low from yesterday, in a choppy daily chart that keeps flirting with all time highs and pulling off.

225.69 the last daily "higher low" pivot area and the spot for bulls to defend to keep all time high talk in the picture. Hourly RSI would be oversold into that level.

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




2 views0 comments

Recent Posts

See All
Post: Blog2_Post
bottom of page