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Morning Market Rap 11/10/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures broke the lows from regular trading hours yesterday but so far not much follow thru down as we wait for the CPI number at 8:30et 465.53 the corresponding futures low

467.50 the corresponding futures high

SPY 3 months, daily candles Overdue daily consolidation is finally underway and bulls have lots of room to find the next daily higher low, anywhere above 453.86, to keep full control of the uptrend on this timeframe 465.88 the low from yesterday and first support

460.83-461.95 (daily 12ema) next support area

453.86 the most recent daily "higher low" and spot for bulls to stay above to keep the uptrend

450.71, 447.55 open gaps

447.28 the 50 day MA469.57 the high from yesterday and first resistance

470.65 previous ATH after that

QQQ 5 days, hourly candles Nasdaq futures broke the lows from regular trading hours overnight, saw a bounce, and are now seeing some downside follow thru 392.78 the corresponding futures low so far

395.93 the corresponding futures high

QQQ 3 months, daily candles Daily consolidation finally underway here as well as we look to cool the overbought RSI and search for the next daily "higher low" anywhere above 372.39 393.92 the low from yesterday - trading under there currently so gap down open setting up

388.48-389.52(12ema) next support area

380.70 next

374.50 the 50 day MA

372.39 the previous daily "higher low" and spot for bulls to stay anywhere above to keep control of the uptrend on this timeframe 399.57 the high from yesterday and first resistance

400.99 previous ATH after that

Nov Vix futures 3 months, daily candles The bounce off recent lows saw continuation upward yesterday, coming into the recent breakdown area and first layer of resistance in this 19-20 area. If this cant get thru these levels, the current broad market consolidation will be shallow.

Spot Vix 3 months, daily candles Pushed thru the 18ish recent resistance yesterday, not much follow thru yet and an inside bar so far today, but starting to threaten its own little daily uptrend.

20-21 next zone to watch if we see more follow thru over yesterdays highs.





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