S&P 500 Emini Day Trading Gap Friday June 5, 2009

S&P 500 Emini Futures opened Thursday’s session at 934.75, a 3 point gap up. The gap was filled within the first 15 minutes of trading. Prices moved to the day’s low of 928.00 by 10 AM market time, then reversed and increased until about 1:30 PM. Trading stayed within a 4 point range for the remainder of the regular trading session. Volume for the day was relatively low at 1.8 million contracts. The 50 day average volume is 2.2 million contracts. Today’s action came within 2 points of the open gap from Tuesday’s close of 944. Close to filling, but the gap is still open.