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 held down below the 7075 area which we expect to be tested on the open with the AXS open enthusiasm. Markets again looked primed for another leg up and SPI200 expected to test 7096 today…it will be all about the flush lower to clear out some buyers first. The DOW is all one way really…hard to sell with rates rises off the cards for now. Watching for higher low long entries. The Hang Seng was capped into 28835 and may see a flush lower today if the level holds. If not then watching for a break of the level to hold and a higher low buy entry. The Nikkei (N225) needs to break up and through 29425 to drag in some buyers and trigger stops. Expecting a flush of the level on open and then a rally off a higher low or a failure and lower high for a move down.

Cryptos were mixed mixed over the weekend with a reality check for Dogecoin holders. Bitcoin has flushed some late buyers and is grinding into 58930 resistance which we would expect to hold today. Ethereum rejected a flush lower and looks set to continue the pressure up but we do expect some further minor contraction first before a move up. If the 3850 level can not hold then a bigger corrective move lower is on the cards. Another worth watch is BNBUSD for a buy setup if 669.80 breaks. Also worth watching Ripple, EOS and Litecoin…although the latter has spiked higher this morning.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum

Binance Coin