US Markets Today: Positive Trend Continues on Tax Reform Hopes

21 September 2017 (9:04 AM EDT)

Although U.S. stock futures are trading just below the red line, U.S. markets are expected to continue their uptrend on tax reform hopes from the Trump administration.

Dow Jones has been rising in an almost straight line ever since this index crossed above 22,000 earlier this month. S&P 500 has a major support in 2,500 now. Only the tech index Nasdaq Composite is still range bound and had closed negative yesterday.

U.S. markets may agin trade mixed and remain either range bound or climb further. Intra day trading pattern could turn choppy.

Any index/ stock trading above its intra day pivot mark will have better chances of trading higher and any equity/ index below its pivot will most probably remain subdued.

Good luck, enjoy the session!

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