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 had an uneventful session lacking any lead from the US. Price found some minor buying at 7019 which we expect may be tested and flushed on the open. Watching for a reaction off the level and push to 7047 as the SPI200 plays catchup to the US from Friday. Maybe another flat session for the day so we will not get too excited. The DOW moved off 34175 and into 33980 support. Price will either work its way lower off the level or hold and rally back up towards the 34175 zone. The Hang Seng found some buying off 28790 so we will be watching for a reaction higher as bulls will need to hold this zone to fend off a big selloff. If price action flushes the 28920 area on the open and then falls, watch for lower highs and for things to unravel. The Nikkei (N225) fought back from the early session selloff to end back up where it started the session. The 29250 level is key today to work shorts off a lower high or a long off a higher low.

Cryptos bounced back to show bears that bulls are still in charge. Bitcoin needs to hold up off 53050 for a run up to/through 55300. If not then watching for a lower high after a break of 5305 for a short. Ethereum is hovering below 2545 off 2436 with some strong buying the last few hours off 2436. Watching for either a flush of 2545 and lower high for sells or break and retest of the level for longs.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index