Trading Plan for the days action

–

SPI200 HANG SENG N225 DOW Index CFDs and Cryptos

Time Frame : 5/15/30 Min Charts

–

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 backed off from the days highs to squeeze out a few buyers and we see there is further room to move lower. Watching now for lower highs to pressure buyers. If not and price can hold the 6740 area, then watching for a range bound session. The DOW held just below the 30850 area and is currently testing the resistance zone after hours. We see the move as a signal that the DOW wants to push higher through 30850 so watching for a higher low to build. The Hang Seng squeezed out some buyers yesterday to retest the 28960 area. From here, it is an each way bet of a move up or down so the opening action is important…higher low..move up…lower high…move down. The Nikkei (N225) is holding above the 28545 area and any further consolidation will point to higher prices.

Ethereum continues to trend higher into new highs so clear skies ahead until someone decides to take some profit off the table. If 1605 holds, momo will be up, if it breaks we may see long squeeze to 1513. Bitcoin is pushing into previous highs around 37800 where we may see a reaction from sellers.

–