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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 10:45am – SPI200 played out to plan buy failed to give us a buy entry. Watching to see how price reacts to the Hang Seng open at 11:15am. The DOW is unchanged so the SPI200 move up may be an overshoot.
Update 11:35am – SPI200 may be a short if price holds below 5938…choppy action at this stage as Hang Seng is under pressure.
Update 11:52am– BUY SPI200 at 5946 with a Stop Loss of 10 pts
Update 12:01pm – BUY Trade Cancelled…still choppy.
Update 1:01pm – DOW may be setting for a run higher if 26036 can hold. Is so a break and retest of 26080 will be ideal.
Update 1:29pm – SPI200 Short at 5938 and Stop Loss at 5950…Cancel if trades up to 5950 prior to entry trigger.
Pre-Market Plan
Expecting to see some strength and follow through on the US close to squeeze out some recent sellers. The SPI200 may open strong on expectations from retail bargain hunters on the open after yesterdays selloff on the ASX. Hang Seng was strong yesterday and wanted to go up even as the DOW and SPI200 came under pressure so watching for the sentiment to continue and retest the highs.
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SPI200 Index
DOW Index
Hang Seng Index
