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 was hit pretty hard considering the selloff in the US was late and the SPI200 worked its way lower well in advance. To me it smells of a trap of sellers for the open but we will see. We are watching the 6979 level for a flush and run higher off a higher low. If price can not hold then there is a way to go to find support. Of course, the SPI200 could do what it has done in the past and open stronger than expected so watch for a pullback to hold. The DOW saw the index end in the red due to the last 30/45 mins with a 200 pt drop. We may see some back and fill higher off the extension through 34210. The Hang Seng was a basket case for trades yesterday so hopefully we can find some setups today. Price has eased off the 28600 level after hours and may continue the squeeze lower on the open today to test 28240. If price can hold a bid around current levels on the open then watch for another test of highs. The Nikkei (N225) may find some bargain hunters today to squeeze out sellers off 28510 and engineer a rally. If not watching for lower highs to continue the pressure lower.

AUDUSD played out well for a decent gain…still watching for another buying opportunity as the USD moved below 90.000.

Cryptos remain under pressure but many look to be finding some buyers…well maybe not Bitcoin. Ethereum is showing some good signs of starting to hold a bid and build a base for a decent short squeeze. Bitcoin is down on support which we expect will be flushed to build a higher low for a buy. Price is extended lower on the Daily chart which will tempt bottom pickers.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum