27 November 2018 (9:00 am EST)
U.S. stock futures are trading highly negative, indicating at a lower opening in U.S. stock markets today.
This will make major stock indexes rangebound within previous session’s high and low levels. Tech sectors is again under pressure and big tech stocks like Amazon and Apple are trading negative in pre open market. There have been many negative reports related to big tech companies which will keep Nasdaq under pressure.
After a lower opening, major indexes could turn choppy and the intrady trend will either turn rangebound or continue to decline.
Use pivot levels to see where major indexes find intraday support and resistance. These levels are provided on our Pivot Trading page. Separate pivot levels are:
- Pivot Levels for Dow Jones
- Pivot Levels for Nasdaq 100
- Pivot Levels for Russell 2000
- Pivot Levels for S& P 500
Day traders should wait for market to settle in a clear intraday trend and then trade with the trendline within major support and resistance levels.