Nov 27, 2015, (9:03AM EST)
Day following the Thanksgiving, U.S. markets will close early today, at 1.30 PM EST.
The shorter session is expected to remain subdued as volumes will be thin, no new buying will come before the weekend and benchmark indexes already being near major highs will deter traders from taking new positions.
European markets are already trading mostly lower and volatile. U.S. stock futures have also given up their earlier gains and are now dipping below the red line.
The biggest factor in this session is the Dollar index trading comfortable above the mark of 100 against a basket of six major currencies, showing investor confidence about a rate hike from the Fed.
This strong uptrend in the Dollar index has brought down euro and Gold and is expected to put pressure on equities.
U.S. markets are expected to trade in a small range with high volatility just like previous sessions in this week.
Traders should watch previous support and resistance levels and trade with the trend, which is not expected to make any big moves today.
Good luck, enjoy the session!