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 held below the 6700 level as sellers continue to defend the zone. Lower highs are also holding so we may see a flush up followed by soem negative action. Bulls will need to break above the 6700 area and then hold the break before I am convinced that there is not more downside to come. The DOW broke below 31225 and the level held a retest before settling down near lows. We expect to see another squeeze lower through 30850 today as the negativity sets in. The Hang Seng is holding below the 29140 area which is the key level for the day. If price holds below, or even a flush of the level, around the open, then we expect to see a move lower through 28850. If a break up is on the cards then the first pullback after the push through 29140 will provide the buy opp. The Nikkei (N225) does not look very positive below 29550. Any lower high will lead to a break down through 29215 towards 28800. Bulls will need to hold 29215 for a squeeze higher.

Bitcoin and Ethereum are both contracting lower as they squeeze out some buyers for a potential reset. Bitcoin is holding 45435 for now so we will be watching the action around this level for direction. Ethereum is a little more in no-mans-land so we will need to watch for a higher low or lower high for entries. Both are extended so may see further downside.

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