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 on charts and SEE THE TRADE first —

The SPI200 pushed back up into the days session highs around 7050 where price closed out the US session Sat morning. We expect to see a flush lower to clear out some buyers before a ramp higher as the ASX gets bullish and risk on for a shot at new all time highs. The DOW grinded its way higher and is in between levels. Price may find some sellers prior to the Hang Seng open, to squeeze out some buyers but we do think that price is bullish as inflation concerns ease…watching for a higher low for longs. The Hang Seng is up at the 28242 zone which could see sellers smash price lower to continue the trend down or bulls ramp up and through for a major squeeze on sellers….so obviously this will be our key level on the open. The trend up off 27700 is being anchored at 27995. The Nikkei (N225) moved higher Friday and is in between levels at the moment so is in a no go zone for us at this stage. We would like to see a flush lower on open and then a higher low for longs and the reverse for shorts.

Cryptos were hit hard over the weekend with Bitcoin pushing through key support on the daily that we have mentioned prior. The move opens the door to serious if if gathers some steam…hence all positive supporting twitter comments this morning from nervous traders. A big push lower in Bitcoin will flow over to others such as darlings Ethereum and Dogecoin. Ethereum is already taking out some support levels so we will be watching for further weakness today on both and whether lower highs can hold.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index