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Morning Market Rap 11/18/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures held the lows from regular trading hours, then bounced thru the RTH highs 467.69 the after hours low, before futures opened

469.85 the corresponding futures high

SPY 3 months, daily candles Inside bar day yesterday that's starting to break bull in futures/pre mkt action 469.19 the high from yesterday - trading right there currently, a couple push thru attempts in futures action have been pushed back

470.49-470.65 last resistance 467.48 the low from yesterday and first support

465.21 the daily 12ema

462.04 the last daily higher low and spot for bulls to keep above to maintain the uptrend

453.86-455.56 next support

450.71, 447.55 open gaps

449.03 the 50 day MA

QQQ 5 days, hourly candles Nasdaq futures bounced and are flirting with all time highs 400 the corresponding futures high

396.95 the after hours low before futures opened

QQQ 3 months, daily candles 399.72 the high from yesterday and first resistance, trading just under there currently

400.99 previous ATH after that396.64 the low from yesterday and first support

392.92 the daily 12ema

387.53 the last daily "higher low" and spot for bulls to hold above to keep control of the uptrend on this timeframe

380.70 next

376.09 the 50 day MA

Dec Vix futures 3 months, daily candles Double bottom look off recent lows saw follow thru yesterday, giving more than half back so far today

Spot Vix 3 months, daily candles Trading in a tight range so far today, inside bar day so far near the higher end of yesterday range; break it bullish 18ish next area to look at, then 20 psychological

Break it bearish and lose 16ish then 15ish would be the next level and recent lows.

Low 14s was the lowest readings we've seen post-Covid crash





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