18 January 2019 (9:28am EST)
U.S. stock markets have already bee giving enough hints about inching higher and getting stronger supports, so nobody should be surprised that U.S. stock markets have opened with another gap up.
U.S. futures had rallied earlier through the global session, indicating another positive session in U.S. stock markets today. Dow Jones, as we wrote previously, has had ten consecutive positive days and if the indexes close with green numbers in today’s session, it will be its 11th straight positive session.
For today’s trading, day traders can take help of intraday pivot levels given on our Pivot Trading page. For major indexes, these levels are:
- Pivot Levels for Dow Jones
- Pivot Levels for Nasdaq 100
- Pivot Levels for Russell 2000
- Pivot Levels for S& P 500
As usual, day traders would do better to wait for initial volatility to cool down and the start trading.
Expect markets to remain volatile like before and that is why, day traders should sty aired of any possible trend reversal from’s day’s high levels, in spite of a gap up opening in U.S. stock markets.