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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 10:25am – Watching for weakness to come into the DOW…the buyers are trying to hold price but we may be seeing a lower high form and momentum swinging lower.
Update 12:18pm – DOW flushed lower to clean out some buyers along with the open in the Hang Seng. Price rallied equally as hard so we are at a crossroads…watching for a lower high and RTF off 26178 or a higher low around current level for a squeeze on sellers and move up through 26205.
Update 3:28pm – Sell SPI200 at 5893 for a push to the lows. Stop Loss at 5911. If price trades 5911 prior then cancel alert.
Pre-Market Plan
Expect to see the SPI200 squeeze out some short sellers from overnight on the open for trade. From there would want to see a lower high hold around 5904 for a short entry. If price gets hit lower on the open, we may see a reaction from buyers off 5866/74 zone. The DOW may further squeeze out some sellers with a move up through 26205/26260 but expect to see a lower high hold into European trade as Europe will open weaker. Hang Seng may look for a push down to 25550 so watching for a lower high.
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SPI200 Index
DOW Index
Hang Seng Index
