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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 12:08pm – Markets very choppy at the moment. Though the SPI200 would see some further downside for a short sell but the Hang Seng has not picked a direction as yet…looking heavy but the sellers do not look as committed as the previous few sessions. The DOW is holding up off lows at 26700 but favour this for a move lower.
Update 12:38pm – SPI200 Struggling to get above the 5988 area even as the Hang Seng and DOW kicked higher. It has been a grind up an if buyers can not make a move soon, expect to see a sell into the close and watch for a lower high.
Update 12:50pm – Sell SPI200 at 5877 with 10 Pts Stop Loss…Cancel if price goes up through 5888
Update 1:07pm – Short SPI200 at 5877…move Stop down to 5983…and partial at 5963.
Update 1:23pm – SPI200 Bounced back hard so moving Stop to 5981
Update 1:33pm – Move Stop to even…if still short…price just missed 5981 at time of alert.
Update 1:45pm – SPI200 is Holding…close at 5872
Pre-Market Plan
DOW Jones is expected to remain below 26770 into the Europe open. If we see weakness again into the Hang Seng, then expecting DOW to follow. If SPI200 can hold above 5982 then watching for a buy. A move up above 6007 opens the way for a push to 6028 and higher. If not a break below 5982 and lower high opens up a move through 5957 and below.
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SPI200 Index
DOW Index
Hang Seng Index
