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Morning Market Rap 12/13/21 by CTG

SPY / QQQ / Vix

S&P futures probing all time highs 472.99 the corresponding futures high

470 the after hours low from Friday afternoon

SPY 3 months, daily candles After seeing minimal daily consolidation to end last week the S&P is pivoting to a test of previous all time highs 470.90 the high from Friday - trading above there now so a small gap up open shaping up

472.99 the futures high

473.54 previous ATH resistance all that's left after that 466.51 the low from Friday and first support

466.14 right after that and the new daily "higher low"

464.35 next support before the open gap to

460.79

456.30 the 50 day MA

448.92 next major support

Nasdaq futures also seeing a continuation of Friday's strength and testing the highs from last week 400.07 the corresponding futures high

398.70 the corresponding futures low

QQQ 3 months, daily candles Different look here than the S&P still; we've "V" bounced off recent lows but have yet to break the daily "lower high" area at 400.20-401.19 398.28 the high from Friday - trading above there now so gap up open setting up here also

400.20-401.19 resistance and spot needed for bulls to break the downtrend/confirm a new uptrend

408.71 previous ATH all that remains after that 393.36 the low from Friday and first support

387.60 open gap

383.86 the 50 day MA

378.90-379.30 the recent lows and next major support area

Dec Vix futures 3 months, daily candles Vol crush continues here continues as we flirt with testing/breaking the recent lows before the big spike occurred

Spot Vix 3 months, daily candles Back below 20 so intraday moves will have a smaller range than what we became accustomed to in the previous week

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




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