11 January 2019 (9:08 am EST)
U.S. stock futures are once again trading negative, indicating a lower opening and a sideways intraday trend within previous session’s trading range.
It also means that the current resistance levels (last year’s support levels) are posing difficult to market-bulls.
After a lower opening, major indexes may initially trade within their last session’s hourly range. Day traders can wait and watch how the trend develops after that and follow that trend. Intraday pivot levels can also help in identifying today’s trading range. We have provided these 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 a choppy and sideways trend within previous session/ this week’s trading range. Apple is again falling in pre-market trade so that may keep Nasdaq under pressure.