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 pushed up into the 6630 level on the close but we expect to see an extension of this zone on the open and washout of 6640. Expecting to see continued strength into commodity stocks and vaccine news support the day. The DOW is up at resistance around 30078 and expect to see a flush higher on the open. Expect to be working longs off higher lows off the level. If it fails then watch for a lower high…stimulus is yet to be decided. The Hang Seng found buyers at 26310 to end the move down off 26690. Expect to see a test of the level and potentially a run higher to 26470. If Asian markets are positive prior to the open, then we may see a test straight up to 26470 and a bullish day. Expecting that 26560 may be a target today also. The N225 (Nikkei) held 26500 with a minor sell zone at 26665. Expect a squeeze on shorts today.

Both Bitcoin and Ethereum had a great weekend and pushed up into resistance zones. Bitcoin may need to squeeze out some buyers prior to a run higher through 19550. Ethereum is also up at a minor resistance zone so will also need to put some buyers back on the sidelines before a new leg up.

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