S&P 500 day trading, learn how to trade the futures market
Opened today @ 879.50 after yesterdays 868.00 close, leaving us with a nice 11 1/2 point gap to fill. Being thursday gave us a nice indicator to watch for a change in direction. After open we kept with our 2 day up trend peaking @ 887.00 this morning before breaking through support @ 879.25 early this afternoon giving us our change in direction and filling the gap shortly after 1′oclock. Point of control today being 875.00, with an intraday low of 864.50. Nice little sell off just before close today (I wish I was in on!) closing out at 869.00. Let’s see what tonight brings and be ready to make some money in the morning.
Don’t be an investor that has been sitting on the side lines, waiting for the proof that the market won’t take their money.
Looking at the past few days in the market and observing the correlation in the charts as we enter into the “Bait” for the investors.
S&P 500 emini futures day trading THE GAP
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S&P 500 Emini day trading Gap Thursday April 30, 2009
S&P 500 Emini futures gapped up at the open and continued with an upward trend until the Fed announcement in the afternoon. Volume and volatility increased after the Fed announcement, and the market closed in the middle of yesterdays 21 point trading range. Wednesday’s opening gap of 9.50 points remains unfilled.
