9 October 2019 (9:09 am EDT)
US stock futures jumped during the Europe session when news broke that China is willing for a partial trade deal with the US.
This ensures a higher opening in US stock markets today, but yesterday’s fall was so big that US stocks will remain rangebound within the previous trading range.
For rangebound markets, trading with pivot levels can be useful. Find these levels on our Pivot Trading page for day trading. Levels for major indexes are:
- Pivot Levels for Dow Jones
- Pivot Levels for Nasdaq 100
- Pivot Levels for Russell 2000
- Pivot Levels for S& P 500
US stock markets are expected to trade with choppiness despite a higher opening. The overall trend has become sideways within the weekly range so volatility levels will also be higher.
For day trading, wait and watch if support levels are stronger or resistance. Then follow the trend within these levels.