S&P 500 Emini Day Trading Gap Tuesday May 12, 2009

S&P 500 Emini Futures gapped down 12.50 points Monday morning to open at 913.00. Prices moved down in the first 20 minutes to what turned out to be the low of the day, 905.75. Trading the rest of the day remained within a relatively narrow 10.75 point range and was marked by two fairly long areas of congestion. Monday’s gap down remains unfilled. The close, 907.25, was close to the lows for the day, and was down 18.25 points from the previous close.