After looking at the stock market trends of US market, I believe that the market has entered into a sideway market. Sideway market means the market will rebound from support and retrace from resistance. It is a great opportunity for stock market trading.

Let's take a look at the US Stock market trends now!

Dow Jones is trading between a support level at 8,194 and resistance level at 9,654. It is trading in this 1,500 points interval.

The lowest point at 2002 is at 7,100. This is about 1,000 apart from the recent low.

As the recent low is very near to the 2002 low, it is likely to believe that the market may be hovering at this level in a sideway market. If there isn't any more bad news, that market will hold strong at this level. If there is some continuation of the bad news of melt down, the market can go down to test the 7,100 level.