Hi everyone,
I watched a video about the US market trading where the person says that about 1/2 hour (7:00 am) after the market opens (6:30 am), it often hits a support or resistance level.
Now from what I read, the US market only opens at 8:am!
Anyone can explain me more about this? (Can’t share the vid, otherwise it might be seen that I want to promote something 
)
Thanks,
Michael
Hi Michael,
The U.S. stock market, including NYSE and Nasdaq, opens at 9:30 am ET. However, there’s pre-market trading starting at 4:00 am ET. The times you mentioned don’t match standard U.S. market hours. You shouldn’t believe everything you see on YouTube.
What US market did the video reference? Equities?
Maybe this will help.
While your times don’t make don’t match 100% to the start of the NY trading session (perhaps timezones and daylight savings are playing a part here), you could easily have a look at EURUSD to see what happens between 7-9 AM ET.
I figured out that the trader in the videa has a 3 hr time difference (earlier) then NY, therefore 6:30 opening of market makes sense. Thanks!