XJO 0.18% 6,554.0 s&p/asx 200

Monday May 13 - Paint it Black

  1. 7,987 Posts.
    lightbulb Created with Sketch. 901
    SPI Futures traded in a 69 point range Friday night, with a high of 6330, low of 6261 and a close on Saturday morning of 6325, up 29 points on volume of 16,285 contracts. Based on that range, my pivot point and R and S levels are below. Green arrow good for 50 points Friday night, after the US market decided now they know, take it up, versus we don't know, so take it down. The market does not like uncertainty. Gaps from Friday night down at 6310, 6301 and 6292, and up at 6329 and then 6337, 6339, 6342, 6344, 6345 and the big one at 6350 from previous days. ES opened down so lower ones looking good with a gap down at open if ES stays where she is or goes down more. Have a nice day.

    mon.png

    es.png


    Today in 1965, the Rolling Stones recorded "Satisfaction" and today in 1966, they released "Paint it Black" in the UK. Kind of like my DIY skills. If I don't get any satisfaction, I just paint it black. The Stones were obviously not traders, or they would have called it "Paint it Red".
    pit.jpg

    Column 1 Column 2
    0 H 6330
    1 L 6261
    2 C 6325
    3 R 69
    4 R6 6374
    5 R5 6357
    6 R4 6348
    7 R3 6340
    8 R2 6332
    9 R1 6323
    10 PP 6305
    11 S1 6288
    12 S2 6279
    13 S3 6271
    14 S4 6263
    15 S5 6254
    16 S6 6236
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.