Trading Plan for the days action

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 and PRICE ACTION to watch

— Remember to work off Key Levels from charts —

The SPI200 was hit late in the US session to basically repeat the price action from the days session. Level to watch today will be 6704 as we expect that the level will be flushed on the open to take out some stops. From there it is either a lower high for new lows or higher low for a push back to 6757. The DOW will either bounce off 32390 for a long off a higher low or push straight through to hit some stops. Expecting a grind higher to trap some buyers before a move down. The Hang Seng held the losses from yesterdays session to close just above the 28350 area. Expecting to see a flush of the level and potential move to 28165. If the 28350 area holds, then a squeeze of longs is on the cards. The Nikkei (N225) is under pressure and expect to see a negative open to pressure bulls further. A move down to 28600 and below may be the play today off lower highs.

Bitcoin and Ethereum both pushed into support with Ethereum hovering right at a level that bulls will need to hold. We expect to see a flush of 1678 and will be watching for a retest and fail for shorts or a higher low and push back above the zone. Bitcoin looks determined to hold above 53500 but a lower high at 55825 is holding the pressure down. Expecting a minor grind up and then a lower high below 55825 to hold for a move to support and beyond.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum