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 moved down off 6892 into support around 6847 into the US close. Expecting to see buyers soak up any push lower but will be on guard for a deeper correction through 6833. The DOW held up above 33375 and rejected a retest of the area. Would expect to see more buyers flushed out of the action but for the 33375 level to hold today. The Hang Seng is open today and set to test highs. If price pushes above 29120 and holds an early test, expecting to see a big move up potentially through 29335. The Nikkei (N225) reversed dramatically off the highs around 30246 and has pushed into support around 29625 which we would expect to hold today so watching for a higher low to work longs off.

Bitcoin again lagged other crypto action as price again backed away from the 60000 level. Still, bulls are holding price up off 56890 which may come under fire today. The spike lower around midnight Syd time, may be just the flush that bulls need for a run back up to test 59250. Ethereum is holding up well but finding some sellers around 2131. If the level holds then expect to see a squeeze on recent buyers for a flush lower. If price continues to chop around 2118 then we will be looking for a higher low and push up through 2131. Also watching Ripple which is on a tear higher and may see some profit taking soon.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index