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 lower all session off the days highs so we expect to see a negative ASX open to squeeze some buyers. The SPI200 may flush lower on the open before finding a bid or flush higher to squeeze out sellers from overnight…have to wait to see the open as price hovers in no mans land. Is there any need for support levels on the DOW?? Price continues to find buyers to ramp price higher. Price pushed through 33806 but ended back below which could be a sign for a squeeze lower on buyers. For a rally, we want to see price push above 33806 and then consolidate first. The Hang Seng continues to spike on opens so expecting more of the same today. Price may test the 28740 area before another ramp higher once the Index is open. If it holds then longs are the play…if not then shorts. If price ramps from open, then looking to 28950 and then a break up and through….probably just the bear in me but favoring selling to come. The Nikkei (N225) is again down on support around 29560 so will be watching the area for a break or bounce…pretty simple today.

Spot Gold is set for a break…but which way?! Price is coming to a point of agreement which will trigger a move soon. Watching lower timeframe charts for lower high sells or higher low buys.

Bitcoin was negative while Ethereum found buyers to push price into short term highs. We would expect to see some heat come out of the Ethereum rally while Bitcoin may continue lower.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index