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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Join in 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 moved lower into the close of the US session as the US held its gains so price action may want to squeeze out some buyers on a spike lower into the open. SPI200 traders remember to move to the June contract today as March will get locked in for settlement (end of March contract today). Resistance at 6781 and 6769 may weigh on the ASD today along with the AUD. The DOW rallied once Powell gave the market the go ahead and managed to hold the gains into the close. Expecting the 32970 level to hold today into the US open…no need to draw any other moves but up in the plan…stocks only go up right??!!. The Hang Seng is looking bullish for today as the 28855 level held yesterday. Price may clean out some buyers on the open on a spike lower but then we will watch for a higher low and ramp up. The Nikkei (N225) is up at resistance around 30000 which may provide some troubles for new buyers. Expecting the level to get flushed on the open and then for price to build another higher low and grind up.

Bitcoin and Ethereum ramped up on the USD spike lower so we expect some minor support at the start of the Asian session as buyers wake up and play catchup to chase higher. Once that is out of the way, we may see some profit taking, especially if the USD finds a bid. Longer term Ethereum looks very constructive and may see higher prices.

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