21 October 2019 (8:22 am EDT)
US stock futures are trading moderately higher, indicating a similar positive opening in US stock markets in today’s session.
Last Friday, US stocks had fallen and closed negative. Today’s positive opening will keep markets within that previous trading range. If major indexes fall below the previous low points, for any reason, then the previous downtrend will continue, else, we can expect a rangebound session in US stock market.
Use intraday range levels given on our Pivot Trading page. These important 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. The US-China trade deal is making positive progress, so the overall trend is also expected to remain higher in these markets. If no negative news rattles markets, then we can expect a positive start of this week in US stocks.