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 a lot of the previous losses and pushed up into the 7000 zone into the US close. Being right at a level, we are watching the open for a flush and failure above the zone or for buyers to hold and continue the ramp up. Key minor level is at 6975 then 6955 to hold for bulls. The DOW held up off 33720 and then ramped higher all session. Expecting to see some back and fill lower off 34175 as buyers lock in some gains. The Hang Seng continues its crusade to flush traders in and out of the action. The 28495 level held during the day session and again overnight so expecting to see some bullish action from the open. If the physical index can not rally from the open then we may see some pressure lower into 28495 and below…still biased for a squeeze up so see how it plays out. The Nikkei (N225) ended up at a zone around 28870 so this will be the key level from the open to either hold and see failure lower or a break higher for continuation…biased up here for a squeeze after the previous few negative sessions.

Bitcoin, along with most other crypto pairs, did not fair well while Ethereum rallied off support. Seems like Bitcoin is not the market darling and Ether is taking over. Bitcoin has worked into 53750 support that we will be watching for a reaction from buyers. Ethereum has seen some heat come out of the rally the last few hours so we are now watching to see if 2340 will hold for another leg up or whether price will fail for a squeeze on recent longs.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum