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 held between the day sessions highs and lows and may look to flush the 6977 area on the open to squeeze out some buyers. Bulls will be watching the 7000 level on the ASX to hold on the open for a run back up to the 7080 area and make back some of Fridays losses. The DOW remains in its range and we suspect that Yellens comments on inflation and stimulus was timed to boost the markets today. Expecting to see 33800 hold and 34070 tested. The Hang Seng held the losses into the close and we expect to see 28485 tested on the open. If not, we may see bulls come out to retrace Fridays losses and rally up through 28830….either way the HSI could see a chunky move today. The N225 is hovering below the 28940 level which we expect to see broken on the open. Watching for a higher low around the level to bring in buyers for ramp higher.

Who sells crypto??!!…well prices continue to grind higher being led up by Ethereum as keyboard warriors continue to pump price and target the 3000 area…or the moon in some cases. Ethereum may need to flush lower to for some weak handed buyers back out of the action before resuming the trend higher. Bitcoin turned from weakness to bullishness and is now hovering above 55550. We expect a flush down also to clear out some buyers before another leg up. Longer term, Bitcoin may be losing its shine so ‘could’ see a decent selloff.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum