US Markets Today: Range Bound, Choppy Session

4 April 2017 (9:18 AM EDT)

Although U.S. stock futures are trading low, going by yesterday’s trading pattern, U.S. markets may remain range bound within their current, smaller range.

For Dow Jones this range is between 20,750 and 20,500 marks, as we saw yesterday when the index got big buying support near this lower level. As long as Dow Jones keeps above this level on closing basis, the index and broader U.S. markets will remain range bound.

As we know, such strictly range bound markets give traders excellent opportunities to buy at low and sell at high levels (or near support and resistance levels). Using any oscillator indicator and pivot levels to find trade entries, traders can trade in both directions with the short term  trend.

Today’s session in U.S. markets looks good for such a trading strategy.

Good luck, enjoy the session!

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4 Responses to US Markets Today: Range Bound, Choppy Session

  1. Muzammil says:

    Dear sir,
    thanks for your last msg regarding moving average.
    in india farmers loan vavewier had done by BJP govt.
    what you expect for nifty and bank nifty will be black day?
    will wait for your tomorrow’s indian market post.

    • Administrator says:

      Sir, right now, everything is golden for Bank Nifty and Nifty. I depend entirely on technical analysis and I have found, that markets tell in advance how they are going to react to any news by making signals on technical charts. Traders should keep reasonable stop loss in their trades for any sudden news/ event and apart from that, only follow what technical indicators show on charts, then you will never have to guess what is going to happen in markets. for example, Bank Nifty had been making clear uptrend indication on charts for a few months now. maybe it is because of a fall in dollar against other currencies. But we do not need to go searching for reasons. Just study charts and follow the trend. Farmers’ loan waiver by the BJP in U.P. will not affect stocks markets in any way. Nifty and Bank Nifty both have just staged positive breakouts and till today, nothing negative is visible on charts for these two indexes. So at this time, it is all good and positive for Indian markets and these two indexes. Regards.

  2. Muzammil says:

    Thanks sir.
    You’re absolutely right.
    its just a question mark but end of today it closed positive.

    • Administrator says:

      Thank you sir. I may be wrong but on charts, till today, signals are positive. Let us see what happens tomorrow. Best Regards.

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