6 November 2019 (8:39 am EST)
Do you want to know how to make money in an uptrend?
Wait patiently when market turn range bound within the uptrend, let the price dip and come to a support level, then buy. You’ll get all the strength of that uptrend behind your trade, and make instant money when markets again rally upwards from that support.
US Stock markets are currently in that range bound phase within an uptrend, and testing the patience of day traders. In such market conditions, the best trading strategy is to avoid trading. Otherwise; you will lose money. Those who still want to trade in such narrow range bound markets, use pivot levels given on our Pivot Trading page. These levels will inform about the price range where major indexes may trade in this session. 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 with positive numbers. After that, the previous uptrend may resume, or market may trade sideways for sometime. The overall trend is positive as US stocks have recently staged a positive breakout. Sooner or later, that positive trend will return. Wait for that, because easy profits are made in a trend. Sideways trends only eat into the day traders’ trading capital.