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Morning Market Rap 12/21/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures seeing big continuation of the bounce from yesterday afternoon; challenging the previous break down area from Friday currently 459.69 the corresponding futures high so far

455.95 the after hours low before futures opened yesterday

SPY 3months, daily candles Hammer reversal candle from yesterday off the recent early December lows, testing the 50 day MA from underneath currently in futures action;

Daily equilibrium look overall 455.40 the high from yesterday - trading well above there currently for the gap up open set up

458.06 open gap

459.79 the 50 day MA

463.18 the 12ema 451.14 the low from yesterday and first support on this timeframe

448.92 early Dec lows after that

If that doesn't hold we have open gaps to 447.55, 442.66, 436.05

443.14 the 150 day MA

434.01 the 200 day MA

QQQ 5 days, hourly candles Nasdaq futures also seeing bounce continuation from yesterday 385.50 the corresponding futures high

379.74 the after hours low from yesterday before futures opened

QQQ 3 months, daily candles Yesterday saw a break of the early December lows with no follow thru; 50 day MA overhead again. Daily downtrend look overall. 381.50 the high from yesterday - trading well above there currently for a likely gap up open here as well

387.38 50 day MA overhead

389.77 the 12ema

398.48-401.19 next major resistance area 377.47 the low from yesterday and first support

372.39 next

368.53 the 150 day MA

366.85, 360.69 open gaps

358.22 the 200 day MA

January Vix futures 3 months, daily candles Yesterdays big spike saw a big upper wick of selling by the end of the day, giving over half back. Dec vix futures contract expires today, so this contract will become the front month and primary mover of the likes of VXX, UVXY etc and each day the February contract (back month) will creep into the calculation for those vol funds

Spot Vix 3 months, daily candles Big move up and gave back the whole thing; Seeing some continuation down today, testing the daily 12ema from above. Still above 20 so wide ranges and moves should be expected.

27.39 the high from yesterday

18.19 the low from last week





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