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 spiked through 6746 into the US close as the DOW spiked lower. Resistance is at 6779 and we expect to see this move push lower to 6717 as ASX traders will be spooked on the open and give back yesterdays gains. If the USD continues higher, miners and resource stocks will be under pressure…along with Gold. The DOW looks heavy and set to continue lower. Missed our short so will be watching for a lower high for a short entry setup. The Hang Seng may come under pressure after yesterdays big rally as traders lock in some gains. Watching the open for an extension lower off a lower high…may see 29570 retested which is the anchor to the move down. The Nikkei (N225) will look to flush lower through 29215 on the open and then we expect to see a grind up until Hang Seng opens. Market is stretched lower so may entice buyers to pick a bottom.

Bitcoin and Ethereum had a good run high but may be working their way off resistance as traders lock in some gains. Ethereum price action looks good but both may need to flush out some late buyers before another leg up. If Goldman Sachs have re-opened their crypto trading desk, expect more flushes and action against trends to squeeze out traders. From what i have read, the last time they entered the action, the top was put in place into the Bitcoin rally…we will see. Either way, everyone is a bull so the risk of ‘shock’ may be to the downside.

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