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 reacting off 7020 on the open so we are watching for a bigger washout lower or for price to pop avove and consolidate the level for a run higher. We feel that the FOMC statement tonight will cap the ethusiasm today so bias down…if anything. The DOW remains between 34170 and 33700 and has minor levels at 34030 and 33890. Price is pushing intio 33890 so this level is key today for buyers to react higher or for sellers to retest after a break and continue lower. The Hang Seng has reacted off 29015 and the level will come under fire today on the open. The sentiment has been bullish lately so we expect some further support today although the Index is starting to show some cracks. The Nikkei (N225) has broken down through 29875 with a bearish tone so we will watch for either a higher low for buys expecting price is extended or a retest and fail off a lower high.

Cryptos continue to bounce with Ethereum and Bitcoin both at resistance. Traders seem to be continually pushing Ethereum so happy to go with the flow off a higher low. Bitcoin is struggling around 55300 so this is the key level today for both a sell off a lower high or a buy off a higher low.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index