SPI Futures traded in a 60 point range last night, with a high of 6198, low of 6138 and a close one point off the top, at 6197, up 42 points on volume of 12,430 contracts. Based on that range, my pivot point and R and S levels are below. It was a 50 point green arrow night, with the first of the June contract upper gaps being filled (6198), leaving unfilled gaps up at 6206, 6210, 6214 from previous days and down at 6188, 6184, 6177, 6169, 6159 and 6143 from last night, and 6139 from a previous day. DOW up .84 pct, SNP up 1.09 pct and Canada (resource driven) up less at .48 pct. VIX down 2.01 pct to 13.63.
View attachment 1484811Today in 2018, US President Donald Trump imposed $60 Billion worth of tariffs on Chinese imports. Yes, that will really scare them. They probably just think he is clowning around given the way the US-China trade talks are on-going. Have a nice day, oh, and it's Friday, the anything can happen day, so don't get caught on the wrong side of a move. Watch them arrow Monkeys.
View attachment 1484799 | Column 1 | Column 2 |
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1 | H | 6198 |
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2 | L | 6138 |
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3 | C | 6197 |
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4 | R | 60 |
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5 | R6 | 6238 |
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6 | R5 | 6223 |
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7 | R4 | 6215 |
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8 | R3 | 6208 |
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9 | R2 | 6201 |
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10 | R1 | 6193 |
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11 | PP | 6178 |
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12 | S1 | 6163 |
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13 | S2 | 6155 |
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14 | S3 | 6148 |
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15 | S4 | 6141 |
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16 | S5 | 6133 |
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17 | S6 | 6118 |
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