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 dragged its feet a bit compared to the US and Europe so we expect to see a spike up and through 7019 on the open and a rally to stick today….working off higher lows. For bears, watch for 7019 to hold and a lower high to squeeze out more buyers down to 6977. The DOW is set to ramp up and through 34170 but we do expect to see price squeeze 34070 targeting some stops first….so watch for a higher low to work longs off. The Hang Seng reacted up and off 28165 and is in no mans land at the moment so we will need to take notice of the open. Would expect a flush lower to be followed by a squeeze higher and visa versa for a squeeze lower. Watching for the second move up as we are biased up after the two day selloff. The Nikkei (N225) worked its way up off 28940 but not without a fight from sellers and choppy price action. Price held below 29140 so we will be working shorts off a lower high after a flush of the level or longs off higher lows if the level holds a break….key level is 29140 today.

Well there is no stopping Ethereum as it continues to ramp higher even as price is extremely extended. We will not be looking to buy unless some recent buyers are squeezed out of the action…but even then it will be tentative as things could come screaming down anytime soon. Bitcoin is reluctantly edging higher but not without selling pressure as we see price held a lower high at 58150. Will be watching to see if 56350 holds a test and work longs off higher lows or whether is comes under pressure…don’t expect much weakness if Ethereum keeps pumping.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum