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Morning Market Rap 12/01/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures bouncing into the upper end of yesterdays range 462.45 the corresponding futures high

456.77 the corresponding futures low


SPY 3months, daily candles Daily downtrend confirmed here yesterday on heavy volume, weekly uptrend has plenty of room for a "higher low" anywhere above 426.36 455.30 the low from yesterday and first support

452.37 the 50 day MA

450.71, 447.55, 442.66, 436.05 open gaps below

Anything above 426.36 keeps the weekly uptrend intact 464.03 the high from yesterday and first resistance, failed right at the 12ema (white line)

466.56 next resistance

469.57 after that


QQQ 5 days, hourly candles Nasdaq futures also testing the upper end of yesterdays RTH range 399.76 the corresponding futures high

393.47 the after hours low before futures opened

QQQ 3 months, daily candles Daily uptrend being put to the test here but still intact 391.75 the low from yesterday and first support

389.77 after that and spot for bulls to hold above to avoid confirming a daily downtrend

387.53 next then 380.70

379.73 the 50 day MA 401.19 the high from yesterday and first resistance

408.71 previous ATH after that


IWM 3 months, daily candles Daily oversold RSI conditions here after yesterday's flush. Strong bounce in futures action has it over yesterdays highs now and setting up for the gap up open


Dec Vix futures 3 months, daily candles Fell short of the highs from 11/26 yesterday, giving a chunk of yesterdays gains back w the broad market futures bounce underway


Spot Vix 3 months, daily candles Yesterdays bounce here also fell short of the 11/26 high, hanging out near yesterdays lows currently after seeing a slight breach earlier


Spot Vix 3 months, daily candles Yesterdays bounce here also fell short of the 11/26 high, hanging out near yesterdays lows currently after seeing a slight breach earlier



Powell Day 2 up at 10et


SPY monthly closed near the monthly low





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