S&P 500 Emini Day Trading Gap Tuesday October 6, 2009

S&P 500 Emini Day Trading Gap Tuesday October 6, 2009

S&P Emini 500 Futures gapped up 3.50 points, came back down and filled the gap, then bounced up for an up day.  Light pre market volume hinted at a low volatility open, but the market bounced a bit off of the 50 day moving average on the daily chart.  Pretty much an up day overall for the index.  The only caveat is the light volume.  1.68 million contracts traded, below the average of 1.90 million contracts.  A bounce off of the 50 day ma was expected, but a break below would suggest correction lower.