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 had a benign session considering the rally in the US so we are on guard for a pump today. We expect that price will flush lower before a rally so will be watching for a higher low. Of course, do not discount another choppy session on the ASX and a flush lower then higher before settling mid range. The DOW ran up into resistance at 34470 which we would expect to see hold today unless there is a strong Asian session. We would expect to see maybe a flush up before a drift lower below the level. The Hang Seng is poised to rally after yesterdays flush lower on the Index. We expect that any flush lower on the futures before the 11:30am Index open may be a trap of sellers before a ramp through 28485. If not, then watching for lower highs and grind into/through 28340. The Nikkei (N225) pushed into 28540 which we expect to be flushed on the open. From there it will be whether the level holds for a push lower or fails for a rally off a retest.

Crypto made back some of the weekend losses as prices grinded higher all day. Bulls may be back but we expect that they will need to prove themselves again today otherwise there may be some further selling into lows. We expect that Bitcoin needs to hold a higher low for a push back up through 38750 otherwise the level may bring in some sellers for a break below 37100. Ethereum was ramped up hard overnight back into 2645 which we expect is the key level today. Failure and lower highs for a sell or rally off a higher lower around the level.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index