top of page
Search

Morning Market Rap 12/28/21 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles Santa rally keeping this in overbought hourly, 4hr RSI conditions as S&P futures push further into blue sky conditions 478.69 the corresponding futures high

476.50 the corresponding futures low

SPY 3 months, daily candles New all time highs and blue sky conditions as the Santa rally rolls on 477.31 the new ATH from yesterday, trading above there now so gap up open shaping up 472.01 the low from yesterday and first support

467.81 small open gap

462.44 the 50 day MA

451.14 the most recent daily "higher low"

QQQ 5 days, hourly candles Nasdaq futures also continuing the rally and hanging out in overbought hourly, 4hr RSI conditions as the previous all time high comes into view 405.71 the corresponding futures high

402.90 the corresponding futures low

QQQ 3 months, daily candles Daily downtrend broken here after pushing thru that recent resistance yesterday; previous all time high the only resistance left 403.48 the high from yesterday - trading above there now and setting up for the gap up open

408.71 the previous ATH and only resistance left 398.22 the low from yesterday and first support

393.22 the daily 12ema

390.22 the 50 day MA

377.47 next major support

IWM 3months, daily heading up to it's next major candle resistance at 226.54. 227.04 the 50 day MA.

January Vix futures 3 months, daily candles Vol crush here continues after clear breaks/follow thru of recent lows yesterday


Spot Vix 3 months, daily candles 17.55 low from yesterday being tested now, low 16s look next

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




1 view0 comments

Recent Posts

See All
Post: Blog2_Post
bottom of page