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 held up off the 6933 level but was generally contained in overnight trade. Watching for a squeeze higher to test 6978 or another bout of weakness from the open. The DOW remains buoyant with earnings coming up and CPI out tonight. Expecting to see the 33775 level hold today or up to 33806 hold. May see a squeeze on buyers so watching for a lower high sell entry setup. The Hang Send Index is coming under pressure so expect to see a flush higher on the open and then a lower high to squeeze out buyers. May see a move down through 28300 and 28135. If buyers are stronger than expected then watching for a test up to 28800. The Niklkei (N225) is down around support so watching for longs off the level or selling lower off the zone for a push down to 29200…open will be important.

GBPUSD is set to rally for another leg higher to squeeze out some sellers. Watching for a break above 1.3750 and then a retest for the buy. Currencies are prone to show the obvious trade and then do the opposite on a flush in the Asian session….so will need confirmation that a move up through 1.3750 is not a flush to trap buyers.

Bitcoin and Ethereum both gave up early gains and moved lower in the US session. We expect that there will be some nervous buyers from yesterdays Asian session wanting to close longs so we expect further pressure today. Ripple remains one to watch as price consolidates the recent gains and is not prone to the sellers as with Bitcoin and Ethereum so the price action is hinting at new highs.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum

GBPUSD