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 again ramped higher but failed to hold around resistance into the close. We expect that there may be a bitter bear in the ASX open to pressure price lower after yesterdays selloff. Will this be another ‘trap’ for bulls and then selling price lower kind of day?! The DOW pushed up through 32066 and then failed to close below the level. We may see a squeeze lower as buyers lock in gains but we will be looking to work off a lower high. If price opens weaker, then watch for a higher low around 3175 for continuation up through resistance. The Hang Seng is showing weakness but the Index is down near support so may want to flush the lows before a rally…especially after yesterdays negative action. Price is in ‘no mans land’ at the moment so we will be watching for action at key levels potentially 28855. The Nikkei (N225) is still under pressure after the previous failed open above 29215. We will be watching the level for a retest and see how sellers react.

Bitcoin and Ethereum both pushed higher with Ethereum on the charge. Price may see some profit taking up around 1800 whole number so watching for a lower high to see if a move down will have some legs. Bitcoin is also hovering around an offerzone at 51700. Watching for a flush and move down to catch out some buyers. If not and price can hold above the level then want a higher low for buy entries.

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