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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 again looks heavy but that may not stop bulls from ramping price higher on the open. Price is being capped for now at 6781 which I expect will be flushed on the open. If the level holds then expect to see some weakness into the close and weekend. If not then a test of the highs at 6800 is on the cards. The DOW again flushed the 31500 level before finding weakness into 31225. Price did bounce and looks to be getting supported as positive underlying news battles it out with a stretched market…the party will not continue on forever and there will be a time when buyers are forced to lock in gains. The Hang Seng is closed today for Chinese new year. The Nikkei (N225) is open and continue to be range bound between 29527 and 29273. Like the DOW, price is supported into 29273 but bulls are also unwilling to push price up through 29527 so expecting the range bound action to persist.
Bitcoin had a spike higher in the European session last night and dragged other cryptos with it. Price found sellers into 48270 to pressure the action lower so we will be watching to see if a higher level can hold for a run into new highs or whether there will be a deeper correction. Ethereum was much the same just lacked the flush of the highs at 1820. Price was heavy into the US close for same plan today as with Bitcoin looking for a test of 1748.
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SPI200 Index
DOW Index
Hang Seng Index
Closed for Trade
Japan 225 Index
Bitcoin
Ethereum
