Sycom closed at 6306Good morning fellow SPI traders.
Interesting post professor
R4 6386
R3 6337
R2 6288
R1 6263
PP 6239
You are selling 6320 - 25 area
Why is this please ?
Stoploss ?
Yens on a bit of a run here. US futs down 0.4% from their close. UK Futs down 0.9%! Talk of a big UK mortgage lender needing emergency funding from the bank of England. Could turn into a nasty day. I will be giving any highs a nudge to the short side on the open.
Northern Rock, one of the bigger lenders but with a small deposit book - have had to tap into the BoE funding facility & possible takeover target now
Hey guys,
I know theres no logic to this, but just about every day for the last 2 weeks, if it opens with a gap to sycom 0700, it closes that gap just about every day, initially.
Weird, huh.
so what're u saying then Broadway, around a 90% fill rate??wish they were always that good but either way SPI gaps are a nice way to start the day!
Yea, I just woke up so my grammar sucked, but yes, looks like a high probability trade.
Anyone got a theory about these 3 800+ contract volume spikes this morning?
The first one looked like it pushed the open down, and the other 2 are at peaks, so I guess someone with pockets is hoping it drops south out of this pennant?
7 / 8 point stoploss6264/66 is a buy for us
We have just had our break lower7 / 8 point stoploss
If we close the gap today.
Looking for a break lower.
Which way do you think the market will break Edwood?
Big picture as above....
Or after lunch
We are using Pivot Points as above.Good morning fellow SPI traders.
Interesting post professor
R4 6386
R3 6337
R2 6288
R1 6263
PP 6239
You are selling 6320 - 25 area
Why is this please ? Gann ?
Stoploss ?
mine seems ok prof.
morning trend looks south to me, but not very strong.
y'all have a great day!!
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