SPY / QQQ / Vix
SPY 5 days, hourly candles
Held Friday's regular trading hour lows, currently trading in the middle of Fridays range
467.32 the corresponding futures low
469.01 the corresponding futures high so far
SPY 3 months, daily candles Higher low everyday for 7 in a row streak currently in play, once that breaks daily consolidation gets underway. RSI 76 on this timeframe; historical top out levels in the past have been between here and 80ish, so some cooldown should be expected at any time. 470.65 the new all time high from Friday and only resistance 466.92 the low from Friday and first support
460.08-460.83 next support area
453.86 next major support area and the last daily "higher low" - bulls stay above that level after consolidation begins and they keep control of the uptrend on this timeframe
450.71, 447.55 open gaps
446.60 the 50 day MA
QQQ 5 days, hourly candles Nasdaq futures briefly broke the lows from Friday but saw no follow thru, is back above those low currently 396.80 the corresponding futures low
398.82 the corresponding futures high
QQQ 3 months, daily candles Higher low everyday for 5 days in a row, more all time highs set on Friday. Daily RSI is 78, and historically the top out levels have been between here and 80ish, so some cooldown here should also be expected at any time 400.99 the new all time and only resistance 397.16 the low from Friday and first support
393.92 next area to watch before an open gap to 393.61
386.75 some support right around the 12ema
380.70 next
373.76 the 50 day MA
372.39 the most important area for bulls to hold anywhere above once daily consolidation does start, to maintain the uptrend on this timeframe
Nov Vix futures 3 months, daily candles Some life here on Friday after another week of relentless vol crush, as protection to hedge daily consolidation in the broad market has gotten much cheaper
Inside bar day so far, trading in the upper 1/3 of Fridays wider range
Spot Vix 3 months, daily candles
Some action here on Friday as well and seeing some "oversold" bounce; Anything under 18.06 on this push up is just another daily "lower high".
https://www.briefing.com/stock-market-update
Comments