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German Beer Monday, page-9

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5speed

10,740 Posts.

2086

23/04/18

10:11

Post #: 32621689
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Originally posted by 5speed ↑

Did you hear about that bad German beer ? Me neither. SPI futures traded in a 34 point range Friday night, high being 5858, low being 5824, with a close on Saturday morning of 5833, down 15 points, on volume of 10,908 contracts. Based on that move, my high resistance line for today is 5872, low support line is 5804, with the pivot point at 5838. Two unfilled gaps from Friday night down at 5825, and up at 56 and one up from Friday day at 5867. Gaps from previous days down at 5819, 5815 and 5806 are still my targets. US futures opened an hour ago, nothing scary at the open at the moment. Reports on Sunday regarding North Korea denuclearisation plans are now being reported as being a wee bit premature. If true, that news could have been good for the market. I think I'll stick with the gaps, not the news, as they seem to be a bit more predictable, just like a good German beer. Have a nice day.

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56 gap filled, 67 close, opening gap awaits.

XJO Value at posting: 5,884.4
3 Upvote

0 Great analysis

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