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 was dragged down in European trade as the DAX was mauled. Price pushed back below the 7035 area and into the 6977 area before recovering into the US close. Expect that the selling was overdone due to a ‘slip of the tongue’ from Yellen so we will be watching for a flush lower and higher low to hold from the open. The DOW did not take long to rally off support around 33800 and remain in the range capped up around 34170. We will be watching for a flush of the level if price is to stay in the range. If price creeps down then we may see a break up and out tonight…but we are bias down ahead of the payrolls Friday. The Hang Seng pushed into previous support around 28200 which we expect to hold. The Index will gap lower into yesterdays lows so we expect that there may be a flush lower on the open and then a gap fill attempt…unless they of course feel like hammering through support in which case watch for a lower high. The Nikkei (N225) pushed straight down through 28765 so key levels are 28765 for back and fill above the level or react off down to 28500.

Ethereum took the foot off the gas yesterday and saw some buyers lock in some gains. Price is holding up off 3190 level which we see as key today for either a move down and through of bounce off the zone. Bitcoin reacted lower along with the share market selloff and buyers are struggling to hold. Price may push down into 52650 where we will watch for a break or reaction up and off. The 54830 level will be in focus also if price fails to make new lows.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index