What the Market Open Tells You?The information provided near the open can help trader understand ranging, trending, sedate, or volatile.
Open Market Tell You About: Volume- The opening volume in the morning is always high compared to the rest of the day.
Gaps & Internation Market- Aggressive moves in these markets provide insight into what is possible as the stock market opens.
Confirmation of Moves- A trader wants to be able to get some insight into whether an early market move is sustainable or if it is likely to tucker out.
Technical Levels- Before the day even begins, a trader should draw support and resistance lines, including horizontal lines and trendlines.By drawing the support and resistance lines beforehand, a trader will have a better understanding of how the day is likely to unfold when trading begins.
If a trader analyzes these information closely, he will gain insight into whether the day is likely to be flat, trending, volatile, or sedate.
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