SPI futures traded in a 80 point range Friday night, with a high of 5882, low of 5802, and a close on Saturday morning of 5836, down 36 points, on volume of 11,039 contracts. Based on that range, my pivot point and R and S levels for today are below. Gaps from Friday night are up at 5879, 5864 and down at 5828 which is a 2 pointer, and 5826.
Quite a bit going on whilst we were sleeping Friday night- Some not so bad economic data regarding Consumer sentiment, the US current account deficit and The Conference Boards leading Eeconomic Index, plus Quadruple witching expiration, then an apparent ban on downloading TikTok and WeChat after today - Sunday US time - saw the DOW down .88 pct, SNP down 1.12 pct, Nasdaq down 1.07 pct and Canada (resource driven) down less, at .29 pct. VIX down 2.38 pct to 25.83, and VXN down .63 pct to 36.04, both bucking the inverse correlation to their underlying indices and VXD up .47 pct. Have a nice day.
View attachment 2497082
Today in 2017, saw the discovery of the first brainless animal that sleeps - the jellyfish Cassiopea - per research published in "Current Biology" by Caltech scientists. Yes traders, don't fall asleep during a trade, and lets not talk about the brainless bit, as we can't say "I was just resting my brain"...
View attachment 2497085
|
Column 1 |
Column 2 |
| 1 |
mce-anchorH |
5882 |
| 2 |
L |
5802 |
| 3 |
C |
5836 |
| 4 |
R |
80 |
| 5 |
R6 |
5920 |
| 6 |
R5 |
5900 |
| 7 |
R4 |
5889 |
| 8 |
R3 |
5880 |
| 9 |
R2 |
5871 |
| 10 |
R1 |
5860 |
| 11 |
PP |
5840 |
| 12 |
S1 |
5820 |
| 13 |
S2 |
5809 |
| 14 |
S3 |
5800 |
| 15 |
S4 |
5791 |
| 16 |
S5 |
5780 |
| 17 |
S6 |
5760 |
(20min delay)