top of page
Search

Morning Market Rap 12/10/21 by CTG

SPY / QQQ / Vix SPY 5 days, hourly candles S&P futures held yesterdays RTH lows, testing the middle range of yesterday ahead of the CPI print at 8:30 et 465.90 the after hours low before futures opened

468.50 the corresponding futures high

SPY 3 months, daily candles Daily consolidation underway, on low volume so far, as bulls will now look for a "higher low" anywhere above recent lows 466.14 the low from yesterday and first support

463.08 the daily 12ema

460.79 open gap

455.47 the 50 day MA

448.92 the recent fear lows and spot for bulls to hold anywhere above 469.63 the high from yesterday and first resistance

470 right after, get thru there with some follow thru and we'll see a new confirmed uptrend on this timeframe (weekly uptrend still healthily intact)

473.54 previous ATH resistance all that's left after that

QQQ 5 days, hourly candles Nasdaq futures seeing much less bounce ahead of inflation fears from the incoming CPI print 393.07 the after hours low before futures opened

395.68 the corresponding futures high

QQQ 3 months, daily candles Daily consolidation of the bounce underway, daily downtrend still in play (and weekly uptrend) as we test the 12ema (white line) from above 393.53 the low from yesterday and first support

(393.53 the daily 12ema)

387.60 open gap

383.05 the 50 day MA

378.90-379.30 the recent lows and spot bulls will look to hold anywhere above on this consolidation 400.20 the high from yesterday and first resistance

401.19 after that, and spot for bulls to push thru to break the downtrend, confirm a new uptrend

408.71 previous ATH after that

Dec Vix futures 3 months, daily candles Some halt to the slide yesterday near the previous break out area ahead of the CPI report today, FOMC on Wednesday; still a potential daily bear flag look if the bounce doesn't get much higher than this

Spot Vix 3months, daily candles Similar look - Back testing previous break out area and attempting to hold above there; Bear flag look if the bounce doesn't push above that 23-24ish area

https://www.briefing.com/stock-market-update




9 views0 comments

Recent Posts

See All
Post: Blog2_Post
bottom of page