S&P 500 Emini Futures Daily Chart April 29, 2009
S&P 500 emini futures day trading Daily Chart Click on pic to Enlarge
S&P 500 emini futures day trading Daily Chart Click on pic to Enlarge
Fed meeting is coming out. Watch out for some volitility arond 2-2:15 as everyone starts to position themselves. If you see a fall off in volume on the trading DOM you might want to stand a side and let it play through.
S&P 500 Emini futures market gapped down with an open of 845.00. That gap represented 9.25 points lower than Monday’s closing of 854.25. The gap filled quickly in the first hour of trading. Pricing moved up through two areas of resistance at 849 and 858.75, before closing lower at 851.00 on slightly less than average volume. Today’s trading session high of 861.50, is the third lower high in the last three trading sessions.
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