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 will play catchup on the open as it was closed while the US continued to add to gains. Expect a strong rally up through 6833 on the open but we will have to then wait to see the dust settle for entries. RBA is out at 2:30pm today so the action may be ramped before then. A solid open on the ASX may see a push to 7000. The DOW ramped higher overnight adding to gains from Thursday. A minor higher low is holding at 33500 which will probably hold into the US open. If not, then we expect to see a squeeze lower on buyers but only to flush some out before another push higher as the US only knows one way at the moment. The Hang Seng will play catchup and opens earlier due to the day light savings change. Price may push to 29500 where we would expect to see some sellers step into the action. The Nikkei (N225) was open and traded up through 30210. We expect to see the action capped into 30420 and may see some profit taking in the near term.

Bitcoin lagged Ethereum and Ripple and continues to struggle up around the 60000 zone. Price is contracting back into 58410 so we will watch the area for buyers to soak up the pressure to build a leg higher. Ethereum is in an uptrend with buyers in control. Price is seeing a move lower as some heat comes out of the action. Expecting to see a move down through 2088 to put some buyers back on the sidelines.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index