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 moved up in after hours trading so we may have a subdued ASX open as traders may expect another selloff. Price did hold a higher low at 6752 so the SPI200 may be working up to a move through 6810 off a higher low…a trap of sellers first maybe. The DOW held below 32066 but it may be a matter of time until the bulls ramp price through. We expect the 31660 to hold for now but will need a higher low to work buy entries off. The Hang Seng is holding a higher low around 28840 so we are watching to see if this level comes under fire on the open as the HSI Index will gap up and may see a gap close…or some of the gap. Resistance is at 29330 which may come under fire sometime today. The Nikkei (N225) is looking more sluggish and holding 29215/290 area for resistance. Price may flush higher on the open but then we expect to see some pressure as many will be thinking the run up in US indexes is over cooked…especially the Nasdaq.

Bitcoin and Ethereum both had a good day yesterday and rallied hard. Price held the gains in the US session but is extended into resistance wo we expect that there may be some profit taking soon. If not, then watch for a break and retest of resistance for long entries…so as not to get caught in a flush.

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