Friday March 8 - Not very stimulating, page-2

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5speed

10,740 Posts.

2086

08/03/19

08:30

Post #: 37693791

Originally posted by 5speed ↑

SPI Futures traded in a 56 point range last night, with a high of 6287, low of 6231 and a close this morning of 6235, down 35 points on better than lately volume of 16,000 contracts. Based on that range, my pivot point and R and S levels are below. Gaps up at 6285, 6271, and 6266 and down at 6232 from last night, then down at 6196 from a previous day, and more, but that will probably surfice for today. Big spike around midnight set my alarm off, then it fell away to fill yesterdays opening gap. So what happened ? Well, the Eurozone is going so good that the European Central Bank is providing more stimulus and no more rate hikes this year. Add that to our banks calling for rate cuts and the US spitting the dummy at the suggestion of a rate hike, - I don't know about you, but I don't feel very stimulated. So, is bad news good news this time (the economy being not that good that is), or is good news bad news ? Well, the market went down this time, when she usually goes up on more free money hopium, so we shall see. DOW down .78 pct, SNP down .81 pct and Canada (resource driven) down less at .24 pct. Europe weren't very stimulated either, all mostly in the red except Hungary, but who cares... Oh, and it's Friday, the anything can happen day. Have a good one.

View attachment 1470755

View attachment 1470775

Column 1 Column 2

1 H 6287

2 L 6231

3 C 6235

4 R 56

5 R6 6307

6 R5 6293

7 R4 6286

8 R3 6279

9 R2 6272

10 R1 6265

11 PP 6251

12 S1 6237

13 S2 6230

14 S3 6223

15 S4 6216

16 S5 6209

17 S6 6195

Expand

Yes, I know.. I posted the wrong chart, and missed the 3 minute deadline for corrections. Need a stimulating cup of coffee. Sorry about that..

Here is the correct one for those that care.

XJO Value at posting: 6,263.9

9 Upvote

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Last 8,613.5		Change 17.700(0.21%)		Mkt cap ! n/a

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Friday March 8 - Not very stimulating, page-2

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	Column 1	Column 2
1	H	6287
2	L	6231
3	C	6235
4	R	56
5	R6	6307
6	R5	6293
7	R4	6286
8	R3	6279
9	R2	6272
10	R1	6265
11	PP	6251
12	S1	6237
13	S2	6230
14	S3	6223
15	S4	6216
16	S5	6209
17	S6	6195

Friday March 8 - Not very stimulating, page-2

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