SPI Futures traded in a 54 point range last night, with a high of 6477, low of 6423, and a close this morning, of 6463, down 9 points, on volume of 12,300 contracts. Based on that range, my pivot point and R and S levels are below. Yesterdays opening morning gap at 6420 missed being filled by 3 points, but the night session opening gap at 6471 filled, leaving gaps from last night, up at 6470, and down at 6457, 6444 and then 6420.
A newsless day with a negative start attributed to declining Treasury yields, US markets ended in the green, with the DOW up 1.00 pct, SNP up .65 pct, and Canada (resource driven) up less, at .54 pct. VIX down 4.73 pct to 19.35. No news is good news. Have a nice day.
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Today in 1929, at the age of 23, Aviator Anne Morrow Lindbergh, the wife of fellow aviator Charles Lindbergh, made her first solo flight. In 1930, she became the first American woman to earn a first-class glider pilot's license. During the 1930s, together, they explored and charted air routes between continents. The Lindberghs were the first to fly from Africa to South America and explored polar air routes from North America to Asia and Europe. Flying solo, is akin to trading solo. You get to talk to yourself, doubt yourself and argue with yourself all day, and all night long. One thing you do learn quickly, is that you must trust your instruments. If they say the plane, just like the market seems at the moment, is upside down, it probably is.. Don't fight the joystick..
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Column 1 Column 2 0 H 6477 1 L 6423 2 C 6463 3 R 54 4 R6 6508 5 R5 6495 6 R4 6488 7 R3 6481 8 R2 6475 9 R1 6468 10 PP 6454 11 S1 6441 12 S2 6434 13 S3 6427 14 S4 6421 15 S5 6414 16 S6 6400
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