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SPI200 HANG SENG N225 and DOW Index CFDs
Time Frame : 5/30 Min Charts
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Watch Here for further Updates as the action plays out – Refresh Page during the day.
Pre-Market Plan
SPI200 is extended but we expect to see a push to 6033 on the open. If bulls do not come out to play, then a breakdown towards the 5980 zone and potentially lower is on the cards…expect some chop though. The DOW is contracting lower within the uptrend so we expect to see some bulls step in soon. The confusion on Stimulus may see contained action today but we will see. The Hang Seng is at a few key levels around 24464 and then 24532 and after the trend day lower Friday, we may see a contractive move up. If price holds 24464 then we may have a choppy range bound first session. The N225 is also up at resistance around 22462 but is extended. Expect to see a cleanout of sellers on a move up but then for sellers to jump into the action.
Also watching the USDJPY for a potential longer term squeeze higher.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
