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S&P 500 Emini Day Trading Gap Tuesday August 11, 2009

 

S&P 500 Emini Futures Day Trading THE GAP

SP 500 Emini Day Trading Gap Tuesday August 11 2009 S&P 500 Emini Day Trading Gap Tuesday August 11, 2009sp 500 day trading course
S&P 500 Emini Day Trading Gap Tuesday August 11, 2009

S&P Emini 500 Futures begun the second week of August with a 4.25 point gap down.  Trading stayed in a very narrow range all day long.  Prices took a ragged tight up trend after the open, and filled the gap by 10:35 market time.  Trading found resistance at 107.75, and after three tests of that price, began a fall that culminated at the day’s low of 998.25 at about the 2:20 p.m. mark.  Prices retraced 76.4% of the day’s move down, and closed at 1005.50, down 1.50 points.  Volume was very light at 1.18 million contracts, and the trading range was very tight at 9.25 points.

S&P 500 day trading chart Aug 10 daily chart

 

SP 500 day trading aug 10 daily 220x300 S&P 500 day trading chart Aug 10 daily chartsp 500 day trading course

S&P 500 day trading emini futures august 10

S&P 500 Emini Day Trading Gap Monday August 10, 2009

 

S&P 500 Emini Futures Day Trading THE GAP

SP 500 Emini Day Trading Gap Monday August 10 2009 S&P 500 Emini Day Trading Gap Monday August 10, 2009sp 500 day trading course
S&P 500 Emini Day Trading Gap Monday August 10, 2009

S&P Emini 500 Futures provided traders with a big 10.50 gap up Friday morning.  Emini futures opened at 1005.00, dropped to 999.50 to fill half of the gap.  That’s as close as it came to filling.  That price turned out to be the low for the day. At about 10:10 a.m.,  buyers stepped in and drove prices nearly straight up 12.50 points before consolidation set in.  Trading moved within a 4 point deep box through lunch, then popped up to the day’s high of  1016.00 at about 1:40.  Prices moved sideways until 2:30, then fell below the 1013.75 support level, and dropped quickly.  The sell off continued to the close of 1007.00, still up 12.50 points for the day.  Today’s 16.50 point range was close to the average true range of 17.2 points. Volume was above the 1.89 million contract average at 1.98 million contracts.  The close is the highest for  the year and 1016.00, the day’s high, is a new high for the year.

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