S&P 500 Emini Day Trading Gap Tuesday June 16, 2009

S&P 500 Emini Futures opened at 931.25 on Monday, an 11 point gap down from the Friday close.  That open was also the high for the day.  Prices headed down, pausing for a brief consolidation at 10 AM, then heading lower to enter a 6 point trading range that lasted the rest of the day.  Futures closed at 920.00, near the top of the lower trading range.  That’s down 22.25 points for the day.  Volume was average at 2.15 million contracts.