23 January 2018 (8:26 AM EST)
U.S. stock markets may see a volatile trading pattern today and major index may remain range bound. Dow Jones futures have made some highly volatile moves in last an hour, goin abruptly up and down within minutes, which indicates that broader markets may face a similar choppy intraday trading pattern.
U.S. stock futures had started with positive numbers in Asia session and then a few hour ago, dipped in negative on news reports about an earthquake near Alaska and tsunami warnings for U.S. West Coast.
Even after the tsunami warning was retracted, U.S. stock futures have remained nearly flat, not giving any indications of the upcoming trend.
In such situation, day traders can always turn to their best day trading tools, pivot levels or support and resistance levels, that will help them see how the trend develops in markets after the opening bell. You can check these levels on for major U.S. indexes on our related pivot trading page, or check here:
Knowing how to day trade in stock markets is no big deal; but problems arise when day traders become biased about market-trend. Instead of thinking how markets should/ would trend, just focus on how markets ARE trending and follow that trend.
Observe support and resistance levels, watch how markets behave near those levels and then trade with the short term trend.