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 made back the day sessions losses into the US close Saturday. The key level today will be the 7066 zone as we will be watching to see if the move above was a flush leading to lower highs or price will open above the level and look for continuation trades. The DOW is doing its thing…rallying…and we expect more of the same this week. Price may flush the 33110 level before the European session kicks off but we expect that the level will hold. If not the a lower high may trigger a squeeze on buyers. The Hang Seng is up at key resistance around 29125 so it will either be a clean break through or a failed high around the zone. Expecting that bulls may be out into the underlying index on the open so will be watching the lower timeframe 5min chart for a higher low and run up through the zone. The Nikkei (N225) keys levels will be 29790 and 29730. We will look to work off those levels off higher lows or lower highs.

Cryptos were hit hard over the weekend as some selling pressure triggered a panic sell and stop loss hunt for a spike lower. Bitcoin was belted down to 51500 area but did recover some of the losses. If sellers come into the action on the Asian market open, then we will watch for another squeeze lower of resistance…on Bitcoin at 56710 and Ethereum at 2251. Buyers may look to flush the resistance zones but we do expect to see some ‘overhanging’ selling and negative sentiment from holders.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum