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 had a good little spike up into the close as some shorts were not inclined to hold into the ASX open. The 6705 level is key now for either a break and retest before a move higher or washout and hold….of course anything can happen on the SPI200 open. The DOW retested the 30155 level prior to a push lower into the close. Buyers did step in late to support the selloff so we may see a squeeze higher into the European open. The Hang Seng moved back down to 26250 support which it has held many times prior. This sets up a big gap down on the HSI open so may flush the level and rally…we will see. The Nikkei also rolled over but reacted hard up off 26526. The minor anchor to the trend down is at 26780 which may be tested on the open. If a lower high holds around current levels, we may see a test down to 26526.

Both Bitcoin and Ethereum found some weakness as expected yesterday but both rallied up off rising support. We expect to see some bullish continuation but will be watching for sellers to defend resistance and move price lower. Bitcoin has more room to move up than Ethereum if the 18525 level holds. This would open the door to an extension of the move up off 18188 to 18940.

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