24 May 2017 (9:13 AM EDT)
U.S. markets are expected to trade within previous session’s range and have a slow paced day as investors will wait for the FOMC meeting minutes from last month.
Dow Jones is narrowly range bound, facing resistance near 21,000 and support at every 50 points below that levels.
Nasdaq futures are more promising than S&P 500 and Dow Jones futures. We may see a more or less flat opening in these major indexes and then a small range bound trading pattern.
President Trump is away on his first foreign trip so controversies have taken backstage but he is still making waves in news; be it for his hilarious sword dance with Saudi Arabians or getting equally hilarious hand swat from wife Melania. Markets are taking a sigh of relief in his absence from domestic politics but next week, with his return, things may again turn volatile in U.S. politics and markets,
Till then, markets will focus on other things, such as the Fed and its policy meeting minutes ( to be released today at 2 PM EDT).
There will also be Crude Oil Inventory reports later today so markets may remain choppy through the day.
Good luck, enjoy the session!