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 had trouble getting up through 6933 but expect a flush up through the level on the open today. If price holds a retest and higher low, then looking for long scalps. On the flip side, if price flushes lower then we may see a long squeeze for short setups through 6920 and 6906. The DOW remains resilient above 33375 as buyer reject the level. Expecting to see the level hold today so watching for a higher low for a buy setup. The Hang Seng was sold hard yesterday right from the open and if recent history is anything to go by, price will probably bounce. Watching the open to see how buyers react to the 28300 level for buy opps and a squeeze higher. Price may flush lower through the level on the open to trigger some stops before a rally but either way the 28300 level is key for us today. The Nikkei held 29625 after a choppy open yesterday so we are expecting to see buyers hold the level again…or at least try. Happy for longs off higher lows off the level or a lower high below 29830 into the zone.

The EURO is showing some early weakness which could develop into a good selloff if sellers hold price below 1.1900. Watching the 1.1875 level to potentially hold and stops triggered below 1.1865 for a short entry setup. If price pushes up through 1.1875 then we may have to wait and see a shoulder for a short entry.

Bitcoin and Ethereum may see more selling pressure today. Ethereum is holding below 2005 and if sellers persist, we will be watching for a lower high and run down through lows. The rejection of 1936 may see a retest of 2048 before further selling pressure. Bitcoin may need to hold a higher low above 55700 before buyers are willing to jump back into the action. If price can not get up through 56890, then sellers will target a break of lows.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

EURUSD

Bitcoin

Ethereum