28 September 2016 (9:09 AM EDT)
Deutsche Bank shares are having a relief rally, giving European markets a breathing space too.
U.S. stock futures also turned slightly positive after recovering from earlier low levels. Still, highly volatile session waits ahead for U.S. markets as the Fed Chair Janet Yellen is scheduled to appear for Congressional hearing at 10 AM EDT today.
Any clear trend will emerge only after that event and what the Fed Chair has to say about the central bank’s rate hike plans.
Dow Jones has resistance near 18.300- 18,350 which will hold in early session. In case there are hints about rate hike coming soon, then the index may turn lower from these levels. However, if the Fed Chair continues with her confusing statements (improving economic conditions but still waiting for right time to raise rates ect) then U.S. markets could see more gains.
Wait till that time and then trade with the trend.
Good luck, enjoy the session!