15 October 2019 (9:12 am EDT)
After yesterday’s uncertain trend US stock futures are pointing to a higher open in US stock markets in today’s session.
However, the intraday trend could remain choppy and rangebound as markets wait for some confirmation about the US-China trade deal.
In rangebound markets, pivot levels are good indicators for day trading. We have given these levels 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
Expect US stock markets to continue trading within the last few sessions’ trading ranges. The trend is sideways and volatility could remain high. For day trading, use technical indicators and trade with strict stop loss in all your positions. US stock markets are trading on news and any positive or negative news about the US-China trade deal could trigger sudden, big moves in these markets.