Dec 28, 2015, (9:28AM EST)
U.S. stock futures are trading highly negative. European markets also trading down but still within their last session’s range.
U.S. markets are also expected to trade range bound, at least until a trend develops and previous week’s range is breached.
For Dow Jones, 17,500 is a major support and the index is expected to open near this level.
If the Dow Jones falls below this level then it can go down to lower support of 17,400.
On the upper side, if Dow Jones survives 17,500 and trades positive then it can go back to higher level of 17,600.
Markets could be highly volatile till either the upper or lower level is broken.
Watch these levels and trade with the trend.
Good luck, enjoy the session!