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 may be again setting the trap for a stronger open and then fade into the close although after yesterdays surprise rally, I will be watching for the reverse. Price could just as easily flush lower on the open and squeeze higher as the US does not want to come down. The DOW seems to be a straight forward plan today and watch for pullbacks to get supported. The Hang Seng had some strength yesterday that was continually supported into the close. The action may continue higher today with the Index set to open above resistance. I will be watching for pullbacks to get supported again as someone wants it higher. The Nikkei (N225) continues to be oblivious to the US strength but not wanting to selloff as markets remain risk on. Expecting a grind on the N225 and for support to hold.

Bitcoin continued higher while Ethereum struggles with resistance. Bitcoin is now hovering around key highs so may go either way from here. With the way the markets are at the moment (complacently bullish) I do not expect to see any serious selling pressure. If so, it will come out of the blue with little warning as sellers have been caught many times before. Keep and eye on EOS also, the structure looks good for a move higher.

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