S&P 500 Emini Day Trading Gap Tuesday July 14, 2009
S&P Emini 500 Futures gapped up 3.50 points on the 878.50 open this morning.
S&P Emini 500 Futures gapped up 3.50 points on the 878.50 open this morning.
S&P 500 emini futures day trading coach levels of support and resistance. We are looking at two lines of support at these price levels. If we see a breakdown from the point of control, in blue, and can stay below this price the bears will have control and we might see break through of major support at 865. No telling how this will turn out with the invisible hand creeping into the market every time we bounce off of major support. Wish they would turn the presses off so the market can finish the sell of it has been waiting for, when I don’t know but most professional traders are quite resigned to this indecision and are scalping smaller ranges.
The day started with a 4.25 gap down from the Thursday close, to open at 872.75.
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