Tuesday, March 9, 2010

S&P 500 Emini Day Trading Gap Wednesday March 10, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2097" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Wednesday March 10, 2010"][/caption] S&P Emini 500 Futures gapped down at the open, but filled in the first 30 minutes of trading.  Today is the one year anniversary of the S&P Emini 500 Futures low of 670.75.  The futures have gained 71% since March 9, 2009.  Some volume came back into the market today, with volume coming in at 1.76 million contracts, just under the 50 day average of 1.91 million.  Daily charts indicate an overbought condition as the index slowly moves to perhaps challenge the 2010 high of 1148.  This week's trading volume is diluted as traders change to the June 2010 contract from the March contracts.  This Thursday should see volume move from the 03-10 contracts to the 06-10 contracts.  Watch time and sales indicators to see which contract yields the most volume on that day.

S&P 500 day trading course

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