top of page
Search

Morning Market Rap 12/09/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures testing the lower end of the RTH range from yesterday, after a brief push thru the highs from yesterday, which stopped short of the futures highs from early AM yesterday 467.50 the corresponding futures low

470.40 the corresponding futures high

SPY 3 months, daily candles Yesterday saw some more extension of the "V" bounce off recent lows, flirting with previous all time highs as the only major resistance left. Plenty of room for bulls to look for a "higher low" against recent lows once daily consolidation begins. 466.83 the low from yesterday and first support

464.35 next

460.79 open gap

454.83 the 50 day MA

448.92 the spot for bulls to find a daily "higher low" anywhere above 470 the high from yesterday and first resistance

473.54 previous ATH resistance after that

QQQ 5 days, hourly candles Similar look for Nasdaq futures as they tested the upper end of yesterdays range, then the lower end

QQQ 3 months, daily candles Slightly different set up here as the daily downtrend is still in play against 401.19, but bulls have made room for a "higher low" attempt once daily consolidation of this move starts 399.82 the high from yesterday and first resistance

401.19 next after that and the spot bulls would break the downtrend with some follow thru over; would still need to establish a new uptrend 396.22 the low from yesterday and first support

392.99 next

387.60 open gap

382.37 the 50 day MA

378.90 the recent lows and spot for bulls to attempt a daily "higher low" anywhere above once this bounce sees consolidation

Dec Vix futures 3 months, daily candles More Vol crush yesterday as they start to test the lower range where this massive spike began

Spot Vix 3 months, daily candles Post Thanksgiving gap filled yesterday, inside bar day so far today as we trade back to the top of the recent breakout area of the big spike





6 views0 comments

Recent Posts

See All
Post: Blog2_Post
bottom of page