Tuesday June 4 - The Presidents Brain day

SPI Futures traded in a 45 point range last night, with a high of 6348, low of 6303, and a close this morning at 6332, up 18 points, on better than lately volume of 18,715 contracts. Based on that range, my pivot point and R and S levels are below. Gaps from last night up at 6348 and down at 6328, 6325, 6312 and 6306. Yesterdays opening gap still unfilled at 6378, (although the ES opening gap did fill) which the 'even though rate cuts are a sign of a faltering economy, the market will go up' crew will be betting fills today, with the RBA decision at 2:30 pm. DOW up just, at .02 pct, SNP down .28 pct and Canada (resource driven) down .13 pct. VIX up .80 pct to 18.86, and now up more than 35 pct since Don started tweeting about tariffs, but still not at the last December levels (21.54).



Today in 2018, Former US President Bill Clinton  and James Patterson published a thriller novel "The President is Missing".  Coincidentally, on the same day, US President Donald Trump tweeted "I have the absolute right to PARDON myself". Yes, he likes to shout with upper case text too. Maybe he is working on his book - "The Presidents Brain is missing".

	Column 1	Column 2
1	H	6348
2	L	6303
3	C	6332
4	R	45
5	R6	6373
6	R5	6361
7	R4	6355
8	R3	6350
9	R2	6345
10	R1	6339
11	PP	6328
12	S1	6316
13	S2	6310
14	S3	6305
15	S4	6300
16	S5	6294
17	S6	6283