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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 12:23pm – Watching for a ReTest Fail on the SPI200 around 5963 and a short entry. Weakness is coming into Hang Seng and the DOW…watching for a shoulder and potential big squeeze lower.
Update 12:29pm – Sell DOW CFD at 25925 with a 30pt Stop Loss..Cancel if price trades at 25975 – Updated 12:49pm NOW CANCELLED
Update DOW Chart 12:45pm
Updated SPI200 Chart 12:45pm
Update 1:32pm – Very Choppy action today…feels like the markets wants to clean out some buyers on a move down. Hang Seng closes for an hour at 2pm so do not expect much from here until towards the European open at 4pm AEST.
Update 5:43pm – DOW has cleaned out 25865 lows into the European open and now spiked higher. The recent move up may be a heads up of a further strength and a short squeeze higher. We are watching for a higher low to hold above 25865 for the BUY entry setup. The move down off 26430 will have a lot of sellers piled up ready to be pushed out of the action on a rally.
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Pre-Market Plan
Both SPI200 and DOW are extended lower so watching for a rally and a squeeze of shorts before a potential major low high for further weakness. If DOW can hold 25905 and break up through 25950, then expect a squeeze up. Hang Seng we will have to wait for 11:15am open for direction but a retest of 26135 could be on the cards. SPI200 may retest the 5967 zone on the open with key resistance at 6003.
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SPI200 Index
DOW Index
Hang Seng Index
