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Morning Market Rap 11/17/21 by CTG

SPY / QQQ / Vix


SPY 3 months, daily candles S&P futures trading sideways in a tight range near yesterdays closing prices from the regular session 468.76 the corresponding futures low

469.50 the corresponding futures high

SPY 3 months, daily candles 470.49 the high from yesterday and first resistance, just short of the previous ATH of

470.65 467.07 the low from yesterday and first support

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

453.86-455.56 next support area

450.71, 447.55 open gaps

448.68 the 50 day MA

QQQ 5 days, hourly candles Nasdaq futures seeing some slight extension over yesterdays regular session highs, all time high resistance test close

QQQ 3 months, daily candles 397.93 the high from yesterday and first resistance, looks to get tested first thing

400.99 previous all time high the only resistance left after that 393.66 the low from yesterday and first support

392.10 previous days support after that and just above the 12ema (white line) next

387.53 the latest daily "higher low" and spot for bulls to stay above to keep the uptrend

380.70 next

375.75 the 50 day MA

Dec Vix futures 3 months, daily candles Testing recent lows, potential reversal doji candle from yesterday would need to get confirmed today. Inside bar day so far.

Spot Vix 3 months, daily candles Inside bar day here so far also, trading in a very tight range

16ish low from yesterday support, break that w any follow thru and a quick trip to 15ish looks to be in order

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



Lots of Fed chattering today



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