S&P 500 Emini Day Trading Gap Friday November 6, 2009

S&P Emini 500 Futures trading today closed leaving an open gap of  8.00 points from the Thursday morning open.  Trading stayed in an upper range all day long, and closed at the high end of the range at 1063.50.  Trading was mostly sideways today on slightly less than average volume, 1.95 million contracts.  Trading brought the average out of oversold territory for the time being.  Friday’s trading should provide plenty of volatility with the issuance of the non-farm payroll.  Many traders stay on the sideline because of the uncertainty of the post report market.