S&P 500 EMini Day Trading Gap Tuesday June 30, 2009

S&P Emini 500 Futures gapped up 3 points to open at 916.50.  10 minutes later, the gap had filled and prices slumped to the low of the day, 911.50.  Right on time, the 10 a.m. reversal took over. Prices surged to 923.25, then entered a narrow 3 point trading range that lasted the most of the day.  The 2 p.m. reversal attempted to break through the bottom of the range, but only succeeded in widening the range slightly.  Futures again hit the day’s high of 924.00, then closed near that high at 922.75.  Two open gaps remain, one overhead and one underneath current prices.