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Morning Market Rap 11/1/21 by CTG

SPY / QQQ / Vix SPY 5 days, hourly candles S&P futures strong and setting up for a gap up open in blue sky breakout 461.42 the corresponding futures high so far

459.70 the corresponding futures low

SPY 3 months, daily candles Blue sky breakout thru new all time highs continues, S&P futures setting up for a gap up open. The only "resistance" will be the shorter term RSI indicators heating up as we accelerate upward. 459.56 the new all time high from Friday, trading above there currently for the gap up set up 455.56 the low from Friday and first support

453.86 the new daily "higher low" pivot area - bulls stay above that level and they keep full control of the uptrend on this timeframe

451.05 next support

450.71 small open gap

448.27 next

447.55 next open gap

444.83 the 50 day MA

QQQ 5 days, hourly candles Nasdaq futures strong as well, gapping up into more blue sky and lack of resistance 387.92 the corresponding futures high so far

386.72 the corresponding futures low

QQQ 3 months, daily candles Some daily consolidation on Friday followed up by a strong close/bullish engulfing candle 386.28 the high from Friday, trading above there now setting up for the gap up open 380.70 the low from Friday and first support

372.39 the most recent daily "higher low" pivot area and spot for bulls to stay above to keep control of the uptrend on this timeframe

371.68 the 50 day MA

Nov vix futures 3 months, daily candles Back testing recent lows as the broad market stays strong, daily bear flag look currently

Spot Vix 3 months, daily candles Some strength on Friday and a test of the last daily "lower high" area around 18ish, followed by a complete giveback and close near the days lows/bearish engulf candle.

Inside bar so far today within Friday's wider range.

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





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