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 pushed up into resistance around 6978 into the US close which we expect to see flushed on the open. From there it is whether price will hold higher lows for a run up into the close or fail back below the level. The DOW spiked higher into the US close and is well and truly extended for a buying opp. Will need to see a flush lower and consolidation before a higher low may extend on the gains but we are more biased lower for a squeeze on buyers off a lower high. The Hang Seng could go either way so simply watching for a higher low or lower high, into 29120 resistance or 28300 support. The Nikkei (N225) extended into the US close and may continue the trend up on the open for a move into 30246. If price flushes 30077 highs and then fails then look for a lower high back into 29830 and potentially lower.

Bitcoin and Ethereum had a good weekend both rallying hard through respective resistance levels before fading off highs into today. Both are looking constructive so watching for support levels to hold and some crypto euphoria on the open (refer to charts below for levels). Also watching Ripple for a move up off a higher low.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum