Friday May 24 - Reality check day

Opening the thread early as heading for the door at market close and won't be around till later in the day. SPI Futures as of around 6:15 am, did a 47 point range, with a high of 6494, low of 6447 and is currently at 6462. At the low of 6447, SPI had XJO down .78 pct today, and given the falls in the US, that's rather kind. Although well off their lows when I got up, DOW down 1.11 pct, SNP down 1.21 pct and Canada (resource driven) down less at .99 pct. VIX up 14.51 pct to 16.89.

Look at those headlines - US-China trade 'war' could spiral into a technology cold 'war' - Huawei and Hikvision. No signs of resolution in sight. Tepid eurozone data on manufacturing. Oil hammered. Yes, remember those issues that just don't seem to want to go away... ?

Gaps above from last night at 6468, 6471 and 6493 and Gaps below at 6448 (at time of writing) from last night, then 6444 (opening gap from May 21) 6442, 6434, 6368 (opening gap from May 18) 6365, 6357, 6353, 6351, 6350, 6345, 6344, 6342, 6340, 6245 and 6225. SPI Hourly red arrow did it's job, good for 50 points. Have a nice day. Yes, it takes a miracle for those opening gaps to fill - until ya hear the poof.