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Morning Market Rap 10/28/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures holding/bouncing above yesterdays late date regular session flush lows 453.83 the after hours low before futures opened 455.63 the corresponding futures high so far


SPY 3 months, daily candles Daily consolidation underway, we'll see if bulls stay strong above the 12ema (white line) or if bears want to push for a deeper cool down towards the 50 day MA 453.86 the low from yesterday and first support

448.27, 451.05 next

447.55 open gap

444.06 the 50 day MA

442.66 next open gap 457.16 the high from yesterday and first resistance

458.49 the previous ATH after that

QQQ 5 days, hourly candles Nasdaq futures showing a bit more strength relatively, held yesterdays lows overnight and now testing into yesterdays upper range 379.86 the after hours low before futures opened

382.39 the corresponding futures high so

QQQ 3 months, daily candles New marginal all time high hit yesterday followed by a pullback. Bears aren't seeing any follow thru off the "double top" look so far though

383.15 the new ATH and only resistance 379.31 the low from yesterday and first support, follow thru below that and the double top look has more potential

377.91 previous day's support next

372.39 the last "higher low" pivot, and most important area for bulls to stay above to keep the daily uptrend intact

370.80 the 50 day MA

Nov Vix futures 3 months, daily candles Still a potential bear flag look here as bulls are failing to see any follow thru to the upside; the S&P is just seeing healthy daily consolidation and the Nasdaq is hanging out near the all time highs.

Spot Vix 3 months, daily candles A bit of follow thru to the upside here yesterday, but off pretty depressed levels

Inside bar so far today hanging out near the upper end of yesterdays range

Anything under 18ish here would just be a daily "lower high"

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





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