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 managed to rally off the days session lows around 6761 but ran into some sellers around 6810 into the US close. We may see some chop for end of quarter rebalancing today and tomorrow and ahead of Easter. Watching for a flush higher and then some weakness or a lower high to hold after the open and push lower to retest the 6761 area. The DOW pushed into new highs through 33150 so watching for either a pullback and short off lower high or for bulls to hold the level and grind higher. The Hang Seng found some weakness yesterday on the index but managed to grind higher off 28150 into 28555. Expect a flush higher on the open to clean out some stops above 28555 and there we will look for a lower high and weakness or for price to continue up through 28745. The Nikkei (N225) is being held down at 29570 and may see some weakness today to clean out some buyers. Price has opened weaker so watching to see the reaction from sellers if we see a test up to 29570.

Bitcoin and Ethereum had a good night after a spike on the back of the Visa news. Ethereum is strong and we would expect this general theme to continue although would like to see some buyers cleared out of resistance around 1842. If price continues to hold the MAs then watch for a continuation entry long towards 1882 and higher. Bitcoin looks set to extend to 59200 highs as long as 57222 holds so watching for a buy entry setup.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index