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SPI200 HANG SENG and DOW Index CFDs
Time Frame : 30 and 5 Min Charts
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Watch Here for further Updates as the action plays out
Update 10:45am – The AUDUSD looks set for a short squeeze and move up as support holds around 0.6939. Watching for a higher low.
Update 12:12pm – Hang Seng is finding weakness so we are watching for a lower high…even RTF off 25850. If price pushes up through 25850 then expect a ranging session.
Update 2:31pm – SPI200 is in a prime position where we expect to see some buyers get interested. Watch for a retest and hold of the 5920 level for a higher low and rally.
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.
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SPI200 Index
DOW Index
Hang Seng Index
