S&P 500 Emini Day Trading Gap Wednesday March 3, 2010

S&P 500 Emini Futures Day Trading THE GAP

S&P Emini 500 Futures had another unfilled gap today.  The opening gap was 5.25 points, and the average fell to within 1.25 points of filling.  The chart marked the third up day in a row, but market action suggests the up move is running out of steam.  Volume was below average, and the depth was a narrow 7.50 points.  Expect traders to begin marking time awaiting Friday’s employment numbers.  Non farm payroll will be released Friday pre market, and that news is almost always expected to inject added volatility into Emini Futures trading.