S&P 500 Emini Day Trading Gap Wednesday July 1, 2009

S&P Emini 500 Futures had no gap this morning.  The open, equaled Monday’s close, 922.75.  Prices moved to the day’s high, 926.25, then  dropped at the 10 a.m. reversal to a 6 point trading range that lasted the rest of the day.  Multiple tests of the lower range high, 913.75 finally broke through at 3:50 P.M.,  and closed the day at 916.50.  That’s down 6.25 points from yesterday’s close of 922.75.