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Morning Market Rap 11/24/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures sold off into the middle of yesterdays RTH range 466.33 the corresponding futures low

468.60 the corresponding futures high

SPY 3 months, daily candles Pierced the 12ema(white line) with follow thru yesterday; Closed back above as we hang out near the lows from Monday 464.45 the low from yesterday and first support

462.04 the spot for bulls to defend to keep the uptrend on this timeframe

453-456 next area of support

450.81 the 50 day MA

450.71, 447.55 open gaps 469.10 the high from yesterday and first resistance

473.54 previous ATH after that

QQQ 5 days, hourly candles Nasdaq futures also are trading in the middle of yesterdays RTH range 395.61 the corresponding futures low

398.58 the corresponding futures high

QQQ 3 months, daily candles Also a big pierce of the 12ema (white line) here, which has primarily held up since we pushed off the lows in mid October after the correction. With the afternoon dip buying it closed back above that EMA. 392.92 the low from yesterday and first support

387.53 the spot for bulls to hold above to maintain the uptrend on this timeframe

380.70 next support

377.98 the 50 day MA 400.23 the high from yesterday and first resistance

408.71 previous ATH after that

Dec Vix futures 3 months, daily candles Yesterdays upside follow thru ran into some resistance near the previous highs from late Oct/early Nov. Inside bar day so far today as it attempts to stay above it's daily 12ema

Spot Vix 3 months, daily candles Pushed above the 20 psychological "fear on" level, but closed back below. Trying to hold above yesterdays lows, saw a slight break earlier w no follow thru. Yesterday was it's fifth day of higher highs over the previous days, we'll see if that pattern breaks today heading into the holiday

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



Lots of data today


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