S&P 500 Emini Day Trading Gap Thursday May 14, 2009

S&P 500 Emini Day Trading Gap Thursday May 14, 2009

S&P 500 Emini Futures opened Wednesday with a 12.75 point gap down from Tuesday’s close of 905.50.  Morning trading only came within 10 points of filling the gap, but traded down from that point for the rest of the day.  About 1 pm market time, futures entered a 7 point wide area of congestion, and stayed there until the close. Wednesday’s close of 883.50 was down 12 points from prior day’s close.