S&P 500 Emini Day Trading Gap Thursday May 28, 2009
S&P 500 Emini Futures opened Wednesday with no gap.
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Learn how to trade emini’s Supported Market
Early in the day there was the sense that follow-through buying from yesterday’s poorly media explained upmove (it was only a little about the Consumer Confidence number and much more about computer-driven sector re-allocation) was at hand.
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Learn how to trade emini futures – Commentary on the invisible hand in the market.
t does not appear to be computerized or algorithms trading based on the price action we have studied. Something is holding up the bid. Once this bid pulls back, we believe there is a high probability that the market may again test the 878.94 level in the SPX, which would be the fourth recent time. We also believe that there is a high probability to break this technical level shortly.