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Friday 2nd November - Back to normal for now, page-3

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5speed

10,741 Posts.

2086

02/11/18

09:55

Post #: 36363353
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Originally posted by 5speed ↑

SPI Futures traded in a more normal 41 point range last night, with a high of 5825, a low of 5784, and a close this morning of 5813, up 5 points on volume of 11,987 contracts. Based on that range, my high resistance line for today is 5848, then 5838, 5833, 5828, 5823, 5818, the pivot point is at 5807 and the low support line is 5766, then 5777, 5782, 5787, 5782 and 5797. Only one unfilled gap from last night, and that is down at the low, 5785, and after that from previous days at 5748 and 5737. DOW up 1.06 pct, SNP up 1.06 pct also, and Canada (resource driven) up less at .73 pct. VIX down 8.90 pct to 19.34. So, what is that much overused phase for Friday again ?... Oh yeah, Pump and dump.. How about a dump and pump for a change ? Watch the US futures for a clue. We shall see if a nice opening gap appears due to the US up night compared to our futures only being up 5 points. Have a nice day. Nearly time for a nice Friday arvo cold beer...

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25 point opening gap - Nice

XJO Value at posting: 5,840.8
4 Upvote

2 Great analysis

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