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 pushed up into resistance around 7065 which we would expect to see flushed on the open. From there, watching for some consolidation above the level and run higher or a pullback to confirm a higher low…bias up as we expect the ASX to make a run on new all time highs. The DOW edged lower off 33935 and we expect there may be a push down into 33700 if the 33935 level holds. The Hang Seng was a grind up all day into 29200 with the Index squeezing up also into resistance at 29200 that has been rejected a few times in the past. Watching for a push into the zone and then for further rejection or a blast up and through. If the level holds, then lower highs will be the play. The Nikkei (N225) edged lower off 29110 and looks set for a spike into support at 28845 or lower at 28765. If buyers can hold price up and support above the levels, then watch for a higher low and squeeze back up.

Cryptos were mixed with Bitcoin looking heavy and on the brink of a selloff after a flush higher and rejection of those highs. Watching to see if Bitcoin can break down below the 53950 area and hold a lower high for a selling opportunity. The flush of the highs and then the fail is key that there is some selling pressure to come. Ethereum is holding a higher low at 2669 as many remain bullish on the crypto. If Bitcoin finds selling then expect to see some pressure into Ethereum…if not then follow a higher low up.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum