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 again rallied after hours which will drag in some bulls looking to go bargain hunting on the ASX open. Price remains in a down trend so we are watching for another squeeze lower on the open. The DOW backed off from the 33150 level and looks set for a squeeze lower. We expect that downside moves will be soaked up as traders will want the Index to remain high into the end of month. Will be watching for a flush of 33020 and then pop for long setups on the shorter term timeframes. The Hang Seng is struggling up at 28745 highs and may see more pressure today. The index is in corrective mode up after the daily breakdown so we are on guard for more weakness soon. If price flushes up through the 28745 level, then we will be watching for a lower high and squeeze down. If the level holds then looking for a higher low and extension to the 28990 zone. The Nikkei (N225) is seeing some selling pressure off 29430. Price is below the MAs so we are expecting a further push lower into 29210.

Bitcoin and Ethereum continued to edge higher and we are happily still long on Bitcoin for now looking for a spike up through 60K. Bitcoin is holding below 59200 which may see further contraction lower in price today. If the 58500 level can hold then expect the spike higher. Ethereum is a grind higher and is currently holding around 1842. Expect the grind up to continue if 1826 holds.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index