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 moved up to resistance at 6587 and hovered around the level into the close. I expect to see a flush of some longs but for bulls to step back into the action and lift price towards the 6700 mark….although a spike right from the open to 6700 is on the cards. The DOW fell off 31055 as weakness crept into the Index on the US open. Watching for another higher low to hold and buyers work longs. Weakness should be capped into 30790. The Hang Seng extended sharply higher and I expect that the HSI index is targeting a move above 30000 which is 400 points higher. This would open up further bullishness today although price may need to flush some buyers after yesterdays action. The N225 (Nikkei) held up off 28580 and may extend on yesterdays move and push up to 28980.

Bitcoin and Ethereum may see some heat come out of the action as bitcoin fell hard off 37575 and Ethereum is stretched into highs. A lower high would be a good selling opportunity for a squeeze on buyers and push lower.

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