S&P 500 Emini Day Trading Gap Thursday February 11, 2010

                                  S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Thursday February 11, 2010

S&P Emini 500 Futures had a tight open once again with no gap.  The index stayed in a fairly narrow trading range today making direction difficult to ascertain.  Today is the fourth day in a row of sideways action.  Volume was above average at 2.2 million contracts (50 day average is 1.79 million contracts).  The market appears to be taking a breather before resuming it's trend to the downside.  In order to break the down trend, prices will have to close above the 1075 level, then successfully break 1100.  The path of least resistance is still down.  Expect support at the 200 ma, right now at the 1024 level.

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