Thursday 11th Jan - Kill Procrastination day, page-4

SPI futures traded in a 36 point range last night, high being 6055, low being 6019 with a close this morning of 6039, down 7 points on increased volume of 13,165 contracts. Based on that move, my high resistance line for today is 6074, low support line is 6002, with the pivot point at 6038. Intermediate R and S levels are on the chart. Gaps up at 6048, 6083 and 6100 and gaps down at 6010 and 6007.




What a day yesterday was, red arrow at 09:50 in the morning, and stayed that was until 23:15, talking out all but 2 of the lower gaps.  US markets slipped from record highs last night, with the first losses for 2018, albeit small losses, with the DOW down .07 pct, SNP down .11 pct and the VIX down 1.39 pct to 9.94.. Humm, that VIX doesn't seem to know up from down lately. Canada down more, down .43 pct. So, up or down today for the XJO ? Three gaps up and two gaps down. One would think the upper 49 gap is an early target, but those lower ones look close too at the moment. We shall see at the open.

Have a nice day, and am still looking for a kind person to open the XJO thread next week as I will be overseas and Jacko isn't back until the 22nd.