Index Intraday Trading Plan

SPI200 HANG SENG and DOW Index CFDs

Time Frame : 5 Min Charts

Watch Here for further Updates as the action plays out


Pre-Market Plan

The SPI200 is stretched into resistance so we would like to see some heat come out of the action prior to a buy opportunity. If we see the market stretch higher on the open, then a lower high will be the key for sellers. The DOW has gapped up on the open due to residual euphoria of a vaccine…need to see an RTF (retest fail) off highs before selling and looking for a gap fill. The important level looks to be 26160. The Hang Seng is held down at 26150 for the long term trend down off highs around 26790. Price action is currently correcting higher being held up at 25686. Watching for lower high to hold below 26150..preferrably around current levels.

SPI200 Index

DOW Index

Hang Seng Index