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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 11:08am – AUDUSD has rejected a move up through resistance. The move was a washout on the 30 min timeframe so watching for a squeeze lower off lower highs.
Update 1:46pm – SPI200 showing potential weakness into the close. Watching for shoulder trade short entry setup.
Update 3:29pm – Markets seem a lot stronger than expected. SPI reversed hard and blue away sellers…no setup. The AUDUSD also rallied back up through 0.7000. Will still be watching for a short opportunity although price will need to consolidate back under the 0.7000 zone..if not it is gunning for 0.7050 highs.
Pre-Market Plan
DOW spikes higher once the US night session opens from trading. Not sure of the positive news that has triggered the buying frenzy or whether it is an overflow from the positive US Session. We ar waiting to see how DOW buyers react to the highs and expect to see some profit taking into the action. The SPI200 is expected to clean out the 5960 zone on the open being helped by the DOW gap up. The Hang Seng is trending higher of yesterdays lows and we expect that the action is stretched and may see some profit taking again on the open at 11:15am.
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SPI200 Index
DOW Index
Hang Seng Index
