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SPI200 HANG SENG and DOW Index CFDs
Time Frame : 5 Min Charts
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Watch Here for further Updates as the action plays out
Update 11:07am – Short on DOW through 25675 lows with a 30 points Stop Loss..a strong rally from here will negate the short.
Update 11:23am – Short Triggered on DOW at 25675..take partial plus 30..Stop Loss held at 25705.
Update 11:42am – Short closed…still expecting weakness but DOW and Hang Seng getting supported at this stage
Pre-Market Plan
Expecting some further weakness creep into markets as sentiment turns negative. Even if the rally is to continue, some buyers need to be cleaned out of the market. The DOW looks shaky but may need to clean out some sellers with a push up through 25790…watching for lower highs. The Hang Seng may find some bargain hunting but a break of 25966 will lead to a retest of 25890 and below. SPI200 will be choppy on the open but watching for a key lower high for shorts.
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SPI200 Index
DOW Index
Hang Seng Index
