17 October 2019 (8:35 am EDT)
US stock futures are moderately higher at the time of writing, suggesting that US stock markets will open with some gains.
After the opening bell, US stocks could trade in a rangebound and choppy manner as major indexes are close to their all-time high levels.
As we wrote earlier, US stock markets need big positive news to break out of their yearly range. If that does not happen, then the broader rangebound trend will continue till the 2020 US presidential election.
For intraday trading today, consult daily pivot levels given 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
US stock markets are expected to open slightly higher but trade sideways with high volatility like the previous session. Day traders should watch both support and resistance levels and trade with the short term trend for small profits. Big profits will come when these markets start trending again.