- S&P 500 Emini Day Trading Gap Wednesday December 16, 2009
S&P Emini 500 Futures gapped down 4.00 points only to fill by 11:00 a.m. During the day the index slumped to near the 1100 level, but recovered to close at 1103.50, down 5.50 points from yesterday’s close. Volume was close to average as the Emini had it’s first down day in the last 5 trading days. Prices still reside in a very narrow trading range, today about 9.00 points, leading into tomorrow’s important Fed Rate announcement. Often, trading on the day of a Fed announcement is light leading up to the release of the data. Once the data are released, the market may exhibit some direction that will last into the New Year. This week is also options expiration week, and that may result in a slight bullish slant to the index.
