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 pushed up off overnight lows and held above the 6735 area as bulls look set for higher prices. The key level will be 6783 on the open to see if it breaks or if it is defended. The DOW was again bought up from the open…seems that someone does not want prices lower. The action and levels remain the same from the previous session as bulls try to convince bears that everything will be okay. The Hang Seng an inside level around 30333 after yesterdays big run up. Price action did give up a lot of the gains but the force is still strong with the bulls. Will be watching the 30333 level and 30890 level on the open. The Nikkei (N225) does not look as convinced of higher prices as the DOW suggests. Price is being held down at 30173 so this will be the key level to watch for the open.

Bitcoin took a bath as the bubble may have finally burst. Bulls will be frantically trying to support price but we suspect that the uptrend is broken and expect more sellers to come into the action. Levels for today are around 49500 and 45300. Ethereum followed in Bitcoins footsteps as buyers rushed for the exits. Price is in a short term downtrend that has yet to find support so bias down for now.

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