4 April 2017 (9:18 AM EDT)
Although U.S. stock futures are trading low, going by yesterday’s trading pattern, U.S. markets may remain range bound within their current, smaller range.
For Dow Jones this range is between 20,750 and 20,500 marks, as we saw yesterday when the index got big buying support near this lower level. As long as Dow Jones keeps above this level on closing basis, the index and broader U.S. markets will remain range bound.
As we know, such strictly range bound markets give traders excellent opportunities to buy at low and sell at high levels (or near support and resistance levels). Using any oscillator indicator and pivot levels to find trade entries, traders can trade in both directions with the short term trend.
Today’s session in U.S. markets looks good for such a trading strategy.
Good luck, enjoy the session!