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 backed off from the days highs in the US session and only managed to end with gains thanks to the last few mins. Price held up off 6753 so we are looking for some positivity today on the ASX. Expect a flush lower on open to clean out some stops if the ASX wants to go higher. The DOW held off 31125 and has price action suggesting a move to 31280. Watch for higher lows to hold. If the 31125 area breaks down then an unwind of longs is on the cards. The Hang Seng pushed back up into highs after the day sessions selloff. Price may again find resistance so watching 29285 for a breakdown. If not, then higher lows are key for longs. The N225 (Nikkei) came under some pressure after the move up through 28845. The action was contained suggesting a washout higher on the open today.

Ethereum and Bitcoin both came under some pressure over the weekend to clean out some buyers. Expect a lower open on CFDs today so watching both to see if buyers will step back in for support.

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