S&P 500 Emini Day Trading Gap Friday May 15, 2009

S&P 500 Emini Futures opened Thursday’s trading with no gap.  Trading initially stayed within the congestion formed at the end of Wednesday’s trading.  Late in the morning, trading began an uptrend that concluded with futures closing at 890.00, up 6.50 points for the day on slightly less than average volume.  Although not shown, trading remains within the lower range of an uptrending  60 point wide trading channel that has been intact since late March.