16 August 2019 (9:10 am EDT)
US stock futures are trading with big gains in this session, showing that US stocks will open with higher numbers. Despite a positive opening, US stock markets will remain rangebound within the last three sessions’ trading range.
US stock markets have seen an extremely volatile trading pattern this week, have been swinging wildly in a broad range and that range is expected to hold its upper and lower levels in this session too.
For day trading, find intraday range levels of major indexes 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
Expect US stock markets to open positive and erase some of the previous losses. Still, this week’s tradign range has been quite broad and these markets will stay within that range.
The rangebound trend is usually more volatile. Day traders should watch both support and resistance levels and trade within those levels with the short term trend.