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 is just below 7055 which we expect to see flushed on the open as the ASX continues to make its way to new all time highs. Watching for long entries off higher lows as we are biased up today considering commodities. The DOW is extended so will need to flush some buyers before we are interested in any long positions. Shorts off a lower high expecting a long squeeze may be the play. The Hang Seng is contracting on the 30 min chart and could go either way today…considering the previous whips. We expect the contraction to hold and will be looking for an intial spike to be followed by a sell opportunity. Watching for a flush up towards 29120 and then lower high. If the 28950 level holds on the open, then expect a move down through 28735. Of course if some rampant strength comes in from bulls then a break up through 29120 is on the cards. The Nikkei (N225) was a grind overnight which does not leave us too excited for the upside today. Watching the 29830 level to either hold or break today.

Bitcoin is not seeing as much buying enthusiasm as Ethereum and is being held down at 63670. We expect a grind lower if bulls are going to come back into the action. This would clean out some buyers so we will be watching for a higher low above 62350 for long entries. If price retests 63670 and fails again then a lower high will be the play for shorts. Ethereum is strong and momentum entrenched so need to see a test and hold of 2482 for buy entries.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum