28 March 2019 (9:08am EDT)
Like other sesisons this week, U.S. stock futres have been trading in a very volatile and choppy manner. This hints at another day of narrowly range bound and choppy session for U.S. stock markets.
The trading range in major indexes has become so narrow that for day trading, one has to consult 15- 30 minutes charts.
For a borader range idea, day traders can consult intraday pivot levels given on our Pivot Trading page. These levels are:
- Pivot Levels for Dow Jones
- Pivot Levels for Nasdaq 100
- Pivot Levels for Russell 2000
- Pivot Levels for S& P 500
U.S. stock markets are expected to trade in a sideways trend. The trading range could remain restricted between this week’s high and low levels. Even the monthly range has been quite narrow for these markets in March. Let us hope, next month the range will become broader and we will see much bigger moves in U.S. stocks.
Till then, day traders should focus on smaller time frames and trade with support and resistance levels of those tiem periods.