Wednesday May 29 - Under the influence day

SPI Futures traded in a 52 point range last night, with a high of 6487, low of 6435 and a close this morning at 6441 down 43 points, on volume of 11,000 contracts. Based on that range, my pivot point and R and S levels are below.

Yesterdays opening gap at 61 filled at 01:30 this morning (nice short from 93) and the outstanding gap at 42 filled at 05:50. Gaps from last night up at 6447, 6461, 6471, 6472 and 6476, and down at 34 from a previous day (she only got to 35), then 6368, the 80 pointer from the close of May 18, and more below that. Selling accelerating into the close, saw the DOW down .93 pct, SNP down .84 pct and Canada (resource driven) down less, at .30 pct. VIX up 10.22 pct to 17.47. SPI indicating XJO to be down .55 pct, let's see what the ES futures do at 8 am. After all that work last night, I'm thinking a gap up at our open. Have a nice day.



Today in 2017, Tiger Woods was arrested and charged with driving under the influence in Jupiter, Florida. There is only one thing worse that driving under the influence, and that is trading under the influence, or trading markets that are under the influence of hopium.

	Column 1	Column 2
1	H	6487
2	L	6435
3	C	6441
4	R	52
5	R6	6506
6	R5	6493
7	R4	6486
8	R3	6480
9	R2	6474
10	R1	6467
11	PP	6454
12	S1	6441
13	S2	6434
14	S3	6428
15	S4	6422
16	S5	6415
17	S6	6402