US Markets Today: Volatile, Range Bound Session

8 September 2017 (9:03 AM EDT)

Although U.S. stock futures are trading highly negative, a dominating range bound pattern may force major indexes to rise from their major support levels after the opening bell.

Dow Jones is expected to open near its major support of 21,700. In case the index finds buying support at this level, then it may climb upwards and face resistance near 21,750- 21,800 levels.

However, if the index falls below 21,700, then other supports will come near 21,680- 21,632 and 21,600.

Other major indexes are also expected to remain range bound and choppy.

For day trading, wait for initial volatility to subside after the opening bell. Then trade with the short term trend within major support and resistance levels.

Good luck, enjoy the session!

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