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 back into the 6999 level into the close as the US fell over. Price was held up okay but we do expect to see a flush…the question is of bulls or bears?? If price is set to move up then expect a flush of lows before the move and visa versa for a fall. Our bias is for the support to hold as many do not expect the tax to get through Congress and that the move down was overdone. The DOW traded straight down to lows and support around 33720 where price then bounced. Expect that we will see some back and fill higher to squeeze out some sellers. The Hang Seng looks very tentative on the longer term basis as price continues to get hit lower and hold key lower highs. Watching the 28810 level to hold today if bulls come out on the open. If price breaks down below 28600, then we may see a move to 28490 and even a break below the level. The Nikkei (N225) reacted lower off 29175 and into 28870 which may come under fire today for a push lower. Expect that the 28870 level will be key today to either hold and see a bid to offer move up to 29175 or a break and move down.

Cryptos took a hit overnight on the Bloomberg report on Bidens tax. Bitcoin pushed into support while Ethereum was hit to give up recent gains. Watching to see if Bitcoin can react off 50700 and retest 53500 or if sellers keep the pressure on for another leg down. Ethereum Has resistance at 2450 and support around 2340. Price has reacted up off 2340 so we are watching the 2450 area to see if sellers hold the line for another squeeze lower.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum