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 recovered off lows into the US close but we suspect that it may be a trap for buyers and we may see another push lower. The key level for us is at 6753. If this level can hold then we may see some bargain hunting and grind up today…if not, the bears will again pressure the ASX lower. The DOW tested 31240 before moving up to new highs so we expect to see the trend up continue to hold as the underlying fundamentals have not changed and remain supportive. The Hang Seng rallied hard after the Index closed to test the highs at 29630. Expect that a few longs will be dragged into the action for a squeeze lower. Watching for a flush of highs at 29630 and for a break below 29550..the old gap and trap..if not then a clean run to 30000 may be on the cards. The N225 (Nikkei) was range bound as traders hold steady. Resistance at 29527 we expect to see hold while support is around 29273.

Bitcoin added to gains in the Asian session yesterday and we expect that the 47400 area may cause some trouble today. The market is very bullish on Bitcoin and the frenzy may continue with out much of a pullback so sellers be wary. Ethereum lagged BTC and is finding selling pressure around 1775. Price may be setting to clear the level if 1750 holds (around the zone) as a higher low.

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