11 October 2019 (8:11 am EDT)
US stock futures are trading sky high on hopes of a limited China-US trade deal. After a mixed start, European stock markets are also rallying on news of positive Brexit talks between the UK and the European Union.
These are all news-dependent rallies, so day traders should remain cautious about any sudden reversal in markets if any negative news comes in.
We have provided intraday range levels on our Pivot Trading page. For major indexes, these levels are:
- Pivot Levels for Dow Jones
- Pivot Levels for Nasdaq 100
- Pivot Levels for Russell 2000
- Pivot Levels for S& P 500
Expect US stock markets to open with highly positive numbers, and trade positive if no negative development happens in the US-China trade talks. After a high opening, the intraday trend will turn rangebound, or these markets will continue to climb.