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Morning Market Rap 11/16/21 by CTG

SPY / QQQ / Vix


S&P futures held yesterdays lows and currently are trading in the middle of yesterdays range 466.63 the corresponding futures low

468.13 the corresponding futures high

SPY 3 months, daily candles 468.81 the high from yesterday and first resistance

470.65 previous all time high the only resistance after that 466.23 the low from yesterday and first support

463.84-464.11 next

462.04 the most recent daily "higher low" and spot for bulls to stay above to keep the uptrend on this timeframe

451-453 next support zone if we lose that higher low support and confirm a downtrend

450.71, 447.55 some open gaps

448.33 the 50 day MA

QQQ 5 days, hourly candles Nasdaq futures also sideways in yesterdays range from regular trading hours 393.72 the corresponding futures low

395.38 the corresponding futures high

QQQ 3 months, daily candles 396.24 the high from yesterday and first resistance

400.99 the previous all time high resistance after that392.10 the low from yesterday and first support

387.53 the most recent daily "higher low" and spot for bulls to maintain above to keep the uptrend intact

380.70 next support

375.44 the 50 day MA

Dec vix futures 3months, daily candles Sleepy trading so far today, trying to halt some of the recent vol crush and hold above yesterdays lows

Spot Vix 3 months, daily candles Tight trading here the last couple days as well, 2 days of inside bars so far, watching for which way they break for short term clues





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