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 off lows around 6750 in after hours trade so we see a squeeze lower on the cards today especially after many traders would have been caught up in the rally yesterday into the end of quarter window dressing. Watching for a flush up of 6800 and then a lower high for sell ops. The DOW continues to hold 33020 but we expect that there may be some pressure with Bidens tax hikes on the cards for corporations to fund the massive debt. Watching for lower highs although expecting for prices to hold up into the US open. The Hang Seng may look to continue on from yesterdays selling for a measured move down to 28150 so we are watching for 28580 to hold and for a lower high to trigger some selling. This may be the start of the lower high holding on the index and more selling to come over coming days. The Nikkei (N225) is much the same with a potential for a measured move down to the 28650 area. This may be a big ask but the levels are in place so watching for a lower high to confirm.

Bitcoin could not kick on through 60000 even as Ethereum took off through resistance around 1882. Ethereum is extended so we are watching for a pullback and 1882 to hold a bid for another run higher or a spike up through 1970 and a lower high for a clean out of some buyers. Bitcoin looks set to put the squeeze on some buyers if sellers continue to cap any buying pressure.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index