S&P 500 Emini Day Trading Gap: Thursday October 22, 2009
S&P 500 Emini Futures Day Trading THE GAP
- S&P 500 Emini Day Trading Gap Thursday October 22, 2009
S&P Emini 500 Futures opened a couple of points down this morning but filled in the first minutes of the trade day. It was an interesting trading day volume wise. About 20% of the day's volume fell in the last 30 minutes of the trading day. Prices rallied up from the open and traded in a 4-5 point range most of the day. Selling started in earnest at 3:20 when the support at 1091.25 was breached. The chart tells the story of the next 40 minutes of trading. The 14 point sell off was on big volume and the close came within a tick of the day's low. Tomorrow may see a bounce off the high volume sell off, but indications of a larger decline are present. The morning's news may influence the direction futures will take early in trading tomorrow.
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