XJO 0.34% 7,796.0 s&p/asx 200

Friday 16th November - Friday again

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    SPI Futures traded in a 65 point range last night, with a high of 5769, low of 5704 and a close this morning near the top, at 5761, up 14 points on volume of 16,444 contracts. Based on that range, my resistance levels are 5810, 5793, 5785, 5777, 5769, 5761 with the pivot point at 5745 and support lines at 5680, 5696, 5704, 5712, 5720 and 5728. SPI became a future again after the day session ended with yesterdays 70 odd point rise, falling 50 odd points after night session open, to take out a gap left down at 23 then did the yoyo all night, ending back up at yesterdays high. Gaps from last night down at 5722 (again, so must be something about that level) and 5754, and up at 5763. The next unfilled gap up is at 5818. DOW up .83 pct, SNP up 1.06 pct, and Canada (resource driven) up less, at .09 pct. VIX down 5.98 pct to 19.98 - happy day's are here again ? Well, it's Friday again, pump and dump, dump and pump, dump and dump, pump and pump, position squaring, short covering, or lock and load. We shall see, but I like the gap down at 23. Have a nice day.

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