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 up above the 6717 level as the US saw a late selloff to push into negativity. Expecting a squeeze higher but then some selling pressure to retest the 6717 level. Yesterdays negative action may see some concerns into the ASX but the USD weakness should see some bargain hunting into commodity stocks to provide support…expect a choppy session. The DOW si set to move…but which way?! If price can hold above 31350 then expect to see some bullish action through 31660. If the level breaks then looking for a deeper correction lower. The Hang Seng looks heavy off the 29200 level but has held up previously off 28855 so they are the two levels we are watching. The Nikkei (N225) looks set to hold a major lower high and extend the losses from yesterday through 29485 towards the 29215.

Bitcoin and Ethereum are under some short term pressure but holding up off major support levels. Bitcoin has lows at 47010 that may provide some support and sellers holding price below 48075 so watching for action around these two levels today. Ethereum is moving into support around 1415 but may fall short and squeeze out some sellers. If a lower high forms below 1594, then a retest and potential break below 1415 is on the cards.

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