US Stock Markets Today: Day Trend will Remain Volatile on Shutdown Worries

19 January 2018 (8:21 AM EST)

Worries about a government shutdown are looming large on U.S. stock markets and futures have started declining rapidly as opening time approaches U.S. markets.

U.S. stock futures had stared the session with mild gains, then climbed higher and now an hour before the opening bell, futures have started declining.

This indicates the intraday trend can turn highly volatile and stock trading may see intraday trend reversals.

In last few sessions, U.S. stock markets’ trend has been quite choppy and range bound where major indexes have been trading negative and positive in alternate session. Yesterday, major U.S. indexes had closed in the red and although bigger indexes are still range bound, small cap index Russell 2000 has made a bearish engulfing candlestick this week. That means, small cap stocks may see more weakness if markets trade negative today.

The intraday trend in U.S. stock markets will again depend on how major indexes trade near their support and resistance levels. Any index bouncing back from its pivot support levels will indicate short term buying support while any index or stock pausing/ reversing trend from/ near its important resistance levels will hint at selling pressure.

You can check this pivot levels for major U.S. indexes on our pivot trading page, or check here:

Intraday Pivot Levels for Dow Jones

Intraday Pivot Levels for Nasdaq 100

Intraday Pivot Levels for S&P 500

Intraday Pivot Levels for Russell 2000

A look at how U.S. futures had started the session:

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