XJO 0.99% 7,896.9 s&p/asx 200

Tuesday 20th November - Under the pump

  1. 10,741 Posts.
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    SPI Futures traded in a 65 point range last night, with a high of 5727, low of 5662 and a close this morning at 5675 down 16 points on volume of 10,827 contracts. Based on that move my resistance lines are at 5753, 5737, 5728, 5721, 5713 and 5704, the pivot point is 5688 and support lines are at 5623, 5639, 5648, 5656, 5663 and 5672. There are no unfilled gaps from last night on the downside, but ones above at 5692, 5704, 5716 and the opening gap from yesterday morning at 5739.  DOW down 1.56 pct, SNP down 1.66 pct and Canada (resource driven) down less, at .56 pct (I note this number can change after I've posted) VIX up 11.41 pct to 20.21, but still not in the scary zone.

    On this day ten years ago, the DOW closed at 7,552, the lowest close in six years. DOW closed at 25,017 this morning - also ten years ago today, Citigroup closed down 26 pct, or should I say 'plummeted' 26 pct - good word plummet - and we think our banks are under the pump. It's all relative. Have a nice day..

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