–
SPI200 HANG SENG and DOW Index CFDs
Time Frame : 5 Min Charts
–
Watch Here for further Updates as the action plays out – Scroll down for new updates
Update 10:59am – SPI looking for a buy
Update 11:53am – Hang Seng Extended and at resistance on the 30min…watching for sellers to jump into the action and work a short off a lower high shoulder.
Update 12:15am – Hang Seng was just hit and the DOW was holding up nicely. Want to see DOW consolidate current levels as it seems to want to rally.
Update 1:18pm – SPI200 is struggling to continue higher so we expect to see a flush lower. If price holds below 6048 then looking to sell at 6040 with a 10 point Stop Loss.
Pre-Market Plan
The DOW is trending higher but is pausing at the 27035 zone so we expect a squeeze lower before potentially seeing a rally. The action may be muted until the Hang Seng opens which will see some volatility. The Hang Seng may hold a higher low at 25028 and trade to 25242 which we will be watching to see the reaction from sellers to see if there is still some negativity around. The SPI200 drifted up off the lows at 5996 and is aaround the same levels as the 4:30pm close. Watching for a washout lower to hold a higher low for continuation up.
–
SPI200 Index
DOW Index
Hang Seng Index
