US Markets Today: Low Open, Volatile Sesssion Ahead

18 July 2017 (8:45 AM EDT)

U.S. stock futures have started sliding down rapidly now, after holding at nearly flat levels through Asia and Europe sessions.

Dow Jones futures are down by -41 points at the time of writing, indicating that the index will probably open below its new support of 21,600.

The leading European index, DAX (Germany) is getting crushed today, down by nearly -180 points at this hour.

This negative atmosphere is generated by collapse of the Senate Republican health care-bill, casting doubts on Trump administration’s ability to get its budget approved that  promises hefty infrastructure spending and tax cuts.

U.S. markets may hold on to their current levels still hoping for that promised stimulus. In that case we may see a volatile and range bound session in these markets.

However, if bears overcome that fragile hope and selling pressure starts increasing then a lower intra day trend will dominate U.S. markets.

Good luck, enjoy the session!

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