Mon, 15 June - Anything Can happen, page-2

SPI futures traded in a triple-digit, 123 point range Friday night, with a high of 5888, low of 5765, and a close on Saturday morning of 5834, up 24 points, or 0.41 pct, on not huge, but better than lately volume of 26,886 contracts. Based on that range, my pivot point and Support and Resistance levels for today are below. SPI gapped up at the open of the night session, then fell away around midnight (open of the US markets), to fill two gaps left from the day session at 77 and 69, only to leave two gaps at the exact same levels when she started going back up again, so gaps from Friday night are all on the downside at 5830, 5810, 5802, 5777 and 5769. The current June contract expires this coming Thursday, so there should be an increase in volume due to rolling of positions into the September contract.



DOW up 1.90 pct, SNP up 1.31 pct and Canada (resource driven), up 1.37 pct. VIX down 11.52 pct to 36.09, so still over the magic 30 number. US markets saw selling into strength during their day. Have a nice day.

	Column 1	Column 2
0	mce-anchorH	5888
1	L	5765
2	C	5834
3	R	123
4	R6	5952
5	R5	5921
6	R4	5905
7	R3	5891
8	R2	5876
9	R1	5860
10	PP	5829
11	S1	5798
12	S2	5782
13	S3	5768
14	S4	5753
15	S5	5737
16	S6	5706

Today in 1991, saw the climactic eruption of the Mount Pinatubo volcano in the Philippines, the second-largest volcanic eruption on Earth of the 20th century. Complicating the eruption was the arrival of  Typhoon Yunya, bringing a lethal mix of ash and rain to towns and cities surrounding the volcano. Yes traders, just when you think everything is fine, or it can't get any worse, boom...