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 made back a lot of the losses from the previous session and found sellers to cap the action at 6683. Watching this level for some action on the open and even an extension up to 6700. There will be a lot of stops packed above 6683. The DOW faded quite a bit into the close to retest the 30600 area. We will be watching to see if buyers are happy to step back in to build a higher low above 30365. The Hang Seng rallied through the European and US sessions but is in no mans land at this stage. Watching to see a base build or whether the open will see some renewed selling pressure as the daily chart is extended but some heat has come out recently which may tempt some bargain hunters today. The Nikkei (N225) took a hit on the open yesterday before finding support at 27950 and squeezing out the sellers. Price extended up through 28420 so we will be watching this level for action today.

Bitcoin extended a move up through 32870 and may extend further today to 34850 if the bullish sentiment continues in Asian trade. If not, watching for the market to fade back below 32870 to squeeze some buyers. Ethereum looks intent on testing 1380 and then it is a question of whether price can hold the uptrend.

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