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Morning Market Rap 11/29/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures getting the oversold hourly, 4hr RSI bounce underway, reclaiming about half of Friday's losses 463.85 the corresponding futures high

461.65 the corresponding futures low

SPY 3 months, daily candles Lost the uptrend on this timeframe on Friday on heavy volume, especially considering it was a shortened day 457.77 the low from Friday and first support

453.86 next

451.48 the 50 day MA

450.71, 447.55, 442.66 open gaps 463.90 the high from Friday and first resistance

465.19 fills the overhead gap created Friday

469.57 next, then 473.54 previous ATH resistance

QQQ 5 days, hourly candles Nasdaq futures bouncing as well, regaining a majority of Friday's losses 396.20 the corresponding futures high

394.30 the corresponding futures low

QQQ 3 months, daily candles Different look here as the daily uptrend is still intact 389.77 the low from Friday and first support

387.53 after that and spot for bulls to stay above to maintain that uptrend

380.70 next support

378.66 the 50 day MA 397.54 the high from Friday and first resistance

399.05-400.23 area next resistance

408.71 previous ATH resistance after that

December Vix futures 3 months, daily candles Massive spike up here over the past few trading days is deflating some today, as the broad market indices are seeing their short term oversold RSI bounces

Spot Vix 3 months, daily candles The massive bounce here Friday peaked right around the highs we saw on 9/20; Deflating some of that move as well, but still well above 20 so wide ranges and movement should be expected





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