7 October 2019 (9:18 am EDT)
US stock futures are trading negative. This means we can expect a lower opening in US stock markets today.
However, the trend will remain sideways within the previous session’s trading range, since it was quite broad.
US stock markets will trade with high volatility because now these markets are trading on news about the US-China trade talks. The long term trend is rangebound and the weekly trend will also stay rangebound as long as these markets trade within the previous week’s range.
For day trading, use pivot levels given on our Pivot Trading page. 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 stay choppy and rangebound in this session. If markets fall below the previous low mark, then it will indicate more losses and in case of markets cross above the previous high mark, it will indicate strong buying support and gains for US stocks.