S&P 500 Emini Day Trading Gap Monday May 18, 2009

S&P 500 Emini Day Trading Gap Monday May 18, 2009

This week is the first red bar week in the last 10.  This weekly chart shows the candle for the week of May 11th, closing inside the previous week’s candle.  That means that all trading was below the prior week’s high, and above the prior week’s low.  This week’s trading finished close to the lows for the week and basically leaves futures at the same place they were the beginning of trading May 4th.  S&P Emini Futures prices remain at the base of an uptrend line that began March 16th.  There are two large overhead, unfilled gaps from last week.  Monday, May 11th and Wednesday, May 13th gaps remain unfilled.