12 March 2019 (9:17am EDT)
After yesterday’s mammoth rally, U.S. stock futures have become lethargic today because major indexes have reached near the top of previous week.
U.S. stock markets are currently in a technical trend so traders become cautious, looking for trend reversal signs near support or resistance levels.
Day traders can also adapt this cautious strategy and they should wait for markets to create an intraday trend before starting their trades.
Our Pivot Trading page has intraday support and resistance levels for major indexes. These levels are:
Use these levels to see where markets make bigger moves, and in which direction, then just follow that trend as long as the trend line remains intact.
Expect a choppy and range bound trend in U.S. stock markets in today’s session. U.S. stock futures are indicating a mixed trend. Major indexes may also trade differently in these markets after the opening bell.