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 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.
Learn how to trade S&P 500 emini futures.
Click on picture to enlarge. Looks like we have a Head and shoulders pattern forming with support on the 200MA which is where we have the neck line. An Equal move down will be to 800. This is also a psychological support. Any thing under 800 and our next major support is 731.75 which is a complete 127% extension.
Sign up and a trial link will be sent to your email.