Better to volunteer, than to be voluntold. SPI futures traded in a smallish 28 point range last night, high being 5862, low being 5834, with a close this morning of 5844, down 10 points on smallish volume of 8,971 contracts. Based on that move, my high resistance line is 5875, low support line is 5819, with the pivot point at 5847. DOW down .34 pct, SNP down .57 pct, VIX up 2.31 pct to 15.96, and Canada (resource driven), down .49 pct. There are zero gaps outstanding from last night (humm) with gaps from previous days down at 19 and 06, which are my targets, and up at 5895 and 5903. It's Friday again, so a bit of position squaring in the arvo, or dive dive dive ? I won't be volunteering to go long at the close if they take it down, as Mister Big Gap down at 5739 awaits and the September contract is down at 5792. Have a nice day.
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