Goodbye March contract, hello June contract. SPI Futures March...

Goodbye March contract, hello June contract. SPI Futures March traded in a 31 point range last night, with a high of 6187, low of 6156 and a close this morning of 6172 down 2 points on low volume of 7,323 contracts. Seems everybody moved onto the June contract already, which also traded in a 31 point range with a high of 6174, low of 6143 and a close of 6160, down 2 points on volume of 14,949 contracts. Based on that range, my pivot point and R and S levels for today are below. DOW down .55 pct, SNP down .29 pct and Canada (resource driven) down less at .13 pct. VIX up 2.58 pct to 13.91. The gap on the ES I've mentioned filled last night after the Fed basically said the economic data did not signal a rate cut or hike this year. Humm.

ES



Gaps on the June contract down at 6144 from last night and up at 6198, 6206, 6210 and 6214 which correspond to the upper gaps on the expiring March contract.



Next time you're trying to make a Queens Guardsman laugh while standing at post, remember that if caught laughing or even smiling, he can be docked a weeks pay. Also, if fainting whilst standing at attention, they must faint at attention, and their head must hit the ground first. I know that feeling, as I hit hit myself over the head everyday. Have a good new contract day.

	Column 1	Column 2
0	H	6174
1	L	6143
2	C	6160
3	R	31
4	R6	6190
5	R5	6182
6	R4	6178
7	R3	6175
8	R2	6171
9	R1	6167
10	PP	6159
11	S1	6151
12	S2	6147
13	S3	6144
14	S4	6140
15	S5	6136
16	S6	6128