7 June 2019 (8:59 am EDT)
U.S. stock futures are continuing their positive trend, indicating that U.S. stock markets will also continue their upwards climb that has been going on this week.
As we wrote earlier, in such market conditions their is nothing much to do for day traders except follow the trend line. As for the range levels, use 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
Expect U.S. stock markets to trade positive but remain highly volatile. The monthly, weekly and daily trend has turned positive in these markets. In fact, this week’s candlestick has made a “bullish engulfing” pattern which indicates more gains in near future, at least till the Federal Reserve’s rate decision meeting.
Day traders should watch the trend line and trade with it, buying at dips as long as the price keeps moving upwards.