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 from charts —

The SPI200 may rally today on some ASX bargain hunting after Fridays selloff although the way the US traded does not leave me with too much confidence. Key levels are around 6735 and 6700 as a break down through 6700 will lead to more selling…it will depend on the bullishness of the open. The DOW is still range bound with support at 31225 and resistance at 31710…with the middle being chop. A higher low held but may be a trap for buyers and a move lower. The Hang Seng rallied hard in the second session and into the US close. We expect to see a bit of a grind day but will be watching the 30830 level. Price has closed the gap on the Index so may see some more positive action in coming days although expect that some buyers from Fridays run up will need to be squeezed out. The Nikkei (N225) is showing more signs of contracting off recent highs while holding the uptrend. Will be watching for a higher low to build which will lead to a run on the highs above 30565.

Bitcoin again charged higher over the weekend as price was bullied up. We may see some profit taking soon and put some late buyers on the sidelines. Price is well and truly extended on the daily basis so will bring in some short sellers…but that does not mean a major correction….aka Tesla. Ethereum did not see the bullishness as Bitcoin so may want to play catchup. For now price will need to hold a support zone before dragging in more bulls for a run higher.

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