S&P 500 Emini Day Trading Gap Tuesday June 9, 2009

S&P 500 Emini Futures gapped down 6.50 points Monday to open at 934.00. Prices spent most of the day in an 8 point trading range and hit the day’s low of 925.50 during the lunch period. Around 2 PM market time, trading entered a narrow 2.5 point deep congestion area that lasted until about 3 PM. That’s when the buyers stepped up. Prices vaulted up 14 plus points on huge volume reaching the day’s high of 946.50 by 3:40 PM. That action filled the gap, but the close, 937.75, was down 2.75 points from Friday’s close.