18 January 2018 (8:38 AM EST)
Are you wondering how top day trade stocks and indexes in U.S. stock markets today?
Then let us bring you some technical analysis related and other information that will help you with your day trading strategies.
U.S. stock futures have been trading mostly negative in this session, right from the start. Nasdaq futures (as we had warned at the start of trading session in Asian stock markets) are still trading negative with double digit losses.
S&P 500 futures are also slightly negative.
Dow Jones futures are very marginally positive. In fact, Dow Jones futures have been fluctuating between positive and negative through today’s sessions, indicating a highly volatile trading pattern.
In last few sessions, intraday volatility has been very high and major U.S. indexes have seen dramatic trend reversals from day to day and even within intraday sessions. Such volatility is good for those day traders who have self-discipline, stick to their day trading rules and always prepared their day trading strategies and day trading system before they even think of trading! In other words, they plot their trade entry and exit points BEFORE they start trading, and they have patience and self-discipline to wait for the right time to implement their strategy.
How to create your day trading strategy and day trading system?
Simply take help of intraday support and resistance levels, mark those numbers on charts and observe how the price behaves near those levels. If you do this, you can easily spot the trend and then, the only thing left is trade with that trend.
How will U.S. stock markets trend today?
Going by mixed and mostly negative futures, it seems that the intraday trend in U.S. stock markets will continue to remain choppy like previous few sessions. Tech index Nasdaq seems set for a negative opening. Other major stock indexes may see a flat/ negative opening.
You can check support and resistance levels of major U.S. indexes on this site’s Pivot trading page. Or, get those numbers here:
Support and Resistance Levels for Dow Jones
Support and Resistance Levels for Nasdaq 100
Support and Resistance Levels for S&P 500
Support and Resistance Levels for Russell 2000
Although U.S. stock markets have been in a very strong uptrend and Dow Jones has gained last 1,000 points in less than 10 sessions, the intraday trading pattern has become very, very volatile in U.S. stock markets.
So, watch these pivot levels for major indexes, find if they are bouncing back from support (buy) or turning down from resistance (sell) then trade with the short term trend.
Here is how U.S. stock futures had started the session with global stock markets: