S&P 500 Emini Day Trading Gap Monday September 28, 2009
S&P Emini 500 Futures gapped down a couple of points Friday morning, but the gap filled in the first 15 minutes of trading.
S&P Emini 500 Futures gapped down a couple of points Friday morning, but the gap filled in the first 15 minutes of trading.
Market reaction to the 8:30 jobs report was rapid. The high for the day of 1062.00 printed in the first 5 minute bar, then a sell off began. By 10:45, most of the day’s move had happened. A descending 3-4 point deep trading channel developed over the next 3 hours and dropped the index another 2.25 points to the day’s low of 1041.00.
S&P Emini 500 Futures opened with a 2.75 point gap up this morning.
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