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 managed to hold above the 7062 area and looks to be consolidating the highs. After yesterdays positive action into the ASX we expect to see more bulls come out to play to support price on the SPI200. Watching for a flush of 7062 on the open and then a higher low to hold. The DOW pushed up through previous resistance around 34170 but is tentative into new highs ahead of US payrolls Friday. Buyers held a spike into 34050 which we expect to see hold today. Will be watching for a squeeze lower on buyers but for a higher low to build. The Hang Seng saw a choppy session yesterday with initial gains given back in the European session before price could grind back up into the US close. Will be watching the 28380 level and 28545 level for action. If the highs break watch for a push to 28715 and if 28380 breaks, then a move down to 28200 is on the cards. The Index is still fending off longer term bearish action for now. The Nikkei (N225) rallied straight up into 29140 before sellers rejected the level and now the uptrend is in question. We will be watching for a lower high to build off 29140 for a move down to squeeze out some buyers.

Cryptos were again supported as Bitcoin rallied off lows and Ethereum continued to new highs. Watching to see if bitcoin can hold and consolidate above 56750 for a move up. If not, then expect to see some contraction lower. Ethereum is up at highs around 3525 where we are watching for either a reaction lower for a sell or a push through and retest and hold for a buy.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum