S&P 500 Emini Day Trading Gap Monday July 13, 2009
The day started with a 4.25 gap down from the Thursday close, to open at 872.75.
The day started with a 4.25 gap down from the Thursday close, to open at 872.75.
S&P 500 day trading course, we are staying in this very defined consolidation between 8656 and 884. If we get another move up into 884 with a failure and decreasing volume, unless the invisible hand steps in (GS) then we can look for further tests on the lows this week. There is a bit of support and the retracement is quite shallow.
S&P Emini 500 Futures had quite a day today. Emini Futures opened with a gap up of 3.75 points, broke down through the longer term support of 875.00, plunged to a low of 865.25, and finished the day about where it started.
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