S&P 500 Emini Day Trading Gap Wednesday January 6, 2010

S&P Emini 500 Futures spent the day in a narrow 7.75 point trading range.  Volume was light today at 1.38 million contracts.  Average volume has decreased to 1.68 million contracts on the 50 day average.   The index is teetering on an oversold condition, and tomorrow’s FOMC minutes, or Friday’s non-farm payroll report may prove to be a market mover.  It would be good to see some volume and volatility return to the S&P Emini Futures.