SPY / QQQ / Vix
SPY 5 days, hourly candles S&P futures trading sideways in blue sky all time high territory 465.77 the corresponding futures high
464.41 the after hours low before futures opened
SPY 3 months, daily candles More acceleration into new all time highs after the Fed statement and presser yesterday. Daily RSI getting hot (overbought) at 73; 75 was the highest we've seen in the past year. In Sept of '20 we saw it push 80. 465.15 the high from yesterday - trading just above there currently so a small gap up open setting up 460.83 the low from yesterday and first support. No daily consolidation in sight until we lose the "higher low" everyday pattern we've seen for the last 5 days
455.45-456.23 next support area
453.86 the most recent daily "higher low" - bulls stay anywhere above there once consolidation starts they keep full control of the uptrend on this timeframe
450.71, 447.55 open gaps
445.79 the rising 50 day MA
QQQ 5 days, hourly candles Nasdaq futures similar action, hanging out in the blue sky at all time highs 395.30 the corresponding futures high
393.06 the after hours low before futures opened
QQQ 3 months, daily candles Acceleration of the uptrend and new ATH's here yesterday after the Fed as well. Daily RSI 75; 77 has been the highest level we've seen so far in the past year. Sept of '20 we saw it push 80 393.61 the high from yesterday - trading above there currently so a gap up open shaping up 388.48 the low from yesterday and first support
380.70-382.09 next support area
327.77 the rising 50 day MA
372.39 the last daily "higher low" and spot for bulls to stay anywhere above once consolidation does begin, to maintain full control of the uptrend
Nov vix futures 3 months, daily candles
More vol crush after Powell and being forced to respect and follow Spot vix lower as we get closer to expiration for this contract on 11/16
Spot Vix 6 months, daily candles
Testing recent lows; Those break and low 14s is the next area/lowest reading we've seen all year
IWM 6 months, daily candles
Big breakout continuation of the long base into new all time highs. Daily RSI just starting to push overbought here as it pushes 70. 74-77 area has been the top out spot in the past 3 years.
https://www.briefing.com/stock-market-update
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