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 another good night which will bring in the ASX bulls on the open. Price may extend the 6751 area on the open but the ASX will be up at resistance levels which may see some trepidation from bulls. Either way the trend is up so watching for higher lows. The DOW pushed to the 30820 area where we would expect to see some buyers lock in gains for a pullback. Watching for the 30500 area to be support…if needed..and a run higher as stimulus provides support. The Hang Seng looks set for another run up to test towards 29670. Watching for a straight squeeze higher on the open…gap and run style. The Nikkei (N225) is fading the strength up at 28545 but expect to see a washout of the level on the open. From there it will be about a lower high and weakness or retest and continuation up.

Ethereum had a bit session as price broke up through resistance. Price is extended so we expect to see some selling pressure come in higher to cap the buying and potentially trigger a pullback. Bitcoin is set for a pop but whether it will rally to 37800 resistance is another thing. If Ethereum later sees a pullback, expecting to see some overflow into Bitcoin.

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