Wednesday 7th November - Day after Cup day

SPI Futures traded in a 46 point range last night, with a high of 5861, a low of 5815 and a close this morning of 5861 - at the top - up 11 points, on low volume of 8,897 contracts. Based on that range, my high resistance line is 5892, then 5880, 5874, 5869, 5863, 5857, pivot point at 5846 and low support line at 5800, then 5811, 5817, 5823, 5828 and 5834. There was a 20 point race to the top into the close, so one would expect a nice opening gap this morning. Only one unfilled gap from last night, down at 5831 (which I think has a shot). The gaps are getting less, reflecting a more controlled trading environment/price action. Next unfilled gaps up from previous days are at 5903, 5908 and 5911. DOW up .68 pct, SNP up .63 pct and Canada (resource driven) up less, at .49 pct. VIX down .15 pct to 19.91.  Have a nice day.