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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Pre-Market Plan and Key Levels to watch

— Remember to work off Key Levels from charts —

The SPI200 again ramped up to resistance in the overnight markets so we will be watching for weakness of the highs again. Expect that retail will be more reluctant to dive in on the open after the previous sessions intraday selloffs. The DOW pushed up through 32125 and we expect to see some extension up to 32868 prior to a pulbback. The bulls are out in the US and soaking up selling pressure…just not interested in Asian markets now. The Hang Seng has found some support yesterday on the index so we will be watching for a push higher today. We may see the 28785 area tested on the open to flush out some longs and bring in the sellers for a squeeze. On the flip side, Asia has not shown the strength of the US so may just as easily run lower today…key levels on Hang Seng are then around 28720 for a break. The Nikkei (N225) is being held down and struggling to find any love up around 29325 and 29215. Watching for a breakdown below 29100 on the open for a flush lower as buyers will be getting tired.

Bitcoin had a good session to push up through 55000 so we expect the bullishness to continue into the Asian session. Watching to see how sellers react around 57725 highs. Ethereum did not have the enthusiasm that Bitcoin had and failed to push up through 1850. If this level continues to hold today then watching for a lower high and sell entry setup.

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