Trading Plan for the days action

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SPI200 HANG SENG N225 DOW Index CFDs and Cryptos

Time Frame : 5/15/30 Min Charts

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Watch our Discord Channel for further Updates as the action plays out

Pre-Market Plan and Key Levels to watch

— Remember to work off Key Levels —

The SPI200 ended the overnight session above highs around 6713. This may be either a bull trap for a move lower off the open or the start of consolidation and continuation up. Expect that the ASX bulls will be out again so expect a flush lower on the open to squeeze out some buyers before a higher low can hold. The DOW backed off from 30226 into the close so I expect to see a squeeze lower prior to the European session open. The Hang Seng found major support around 26240..or just shy of the level…which is the previous session lows. Price is being capped at 26550 so I will be watching the levels for some action. There may be some chop today with price neither bullish or bearish at key levels. The N225 kicked up through 26515 in the US session so we may see a retest and continuation higher off the zone.

Both Bitcoin and Ethereum continued to find some weakness as expected but are now down retesting key lows. We may see some buyers dragged into the action so will need to wait for more price action to play out for either another low high for a sell or higher low for a squeeze on sellers.

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