7 December 2017 (9:11 AM EST)
Futures of Dow Jones have fallen more than -60 points, indicating a lower opening at least in this index. Nasdaq futures are slightly positive but it is difficult to say if those green numbers will remain intact after the opening bell.
Yesterday, U.S. markets had traded in a narrow range but Dow Jones suffered comparatively more losses then S&P 500 and Nasdaq.
Today once again, Dow Jones will be in focus in establishing the intra day trend in U.S. markets. If this mega index falls below 24,000 then it will indicate bearish dominance.
Expect U.S. markets to trade with high volatility and trade within previous important support and resistance levels. Political jitters have wiped off all that tax bill enthusiasm from stocks. Today also, that subdued mood is expected to prevail in these markets.
The immediate trading range will be within last two week’s lower and higher levels.
Trade with the short term trend within those levels.
Good luck, enjoy the session!