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SPI200 HANG SENG N225 and DOW Index CFDs
Time Frame : 5/30 Min Charts
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Watch Here for further Updates as the action plays out – Refresh Page during the day.
Update 11:08am – Weakness in the SPI200 but selling is getting soaked up for now around 5968. Hang Seng is about to open which may drive SPI200 lower.
Update 11:23am – Sell SPI200 at 5970 with a 10 pt Stop Loss.
Update 11:39am – Missed the entry by a point…cancel for now.
Update 11:48am – SPI200 rally is not convincing…may be setting up for a fall into the close. The Hang Seng may bounce from here but still expect some weakness…watching for lower high off 5min chart.
Update 12:18am – If I could short the Hang Seng here with defined risk…I would. A stop would have to be well above but the action on the 30min is very weak.
Pre-Market Plan
Expecting to see some weakness again today ahead of key US employment data and the lack of stimulus news from the US to keep the ball rolling. SPI200 is capped at 6002 and lacked any bullish action overnight even as the US rallied…may be the tone for the day. The DOW is expected to grind higher into the data release..as they know no other option. Watching 27214 zone. The Hang Seng rejected 25210 pretty hard yesterday so expecting the same negativity to flow through to todays trading and price to hold below 25005. The N225 may pullback to MAs on minor profit taking on the open then watching for a higher low to hold.
Also watching the USDJPY for a potential longer term squeeze higher and DAX for weakness.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
