S&P 500 Emini Day Trading Gap Friday June 19, 2009

S&P 500 Emini Futures gapped up 1.75 points this morning,  but by the time the first 5 minute candle closed, the gap had filled.  Ten minutes later, prices hit the low of the day, 903.50.  Prices quickly rose 13 points and entered a 6.50 to 7.00 point trading range that lasted the rest of the day.  Buying peaked at 917.75 just after 1:00 PM, and trading closed at 912.00 towards the lower end of the afternoon range.  We still have the unfilled gap from Friday.  It’s 30+ points away at 942.25.