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 moved lower off the days close to give up a lot of the day sessions gains. Expecting to see price flush below the 7071 level on the open but then buyers to step in to hold a higher low. US bonds are not showing the same concern for inflation that share traders are so expecting to see support build. The DOW reversed off 34470 but then reacted up off 34300 showing that buyers are still active. Price may flush lower to squeeze out some recent buyers before resetting for a run up. The Hang Seng had a big session yesterday as the Index pushed straight up into resistance so we wold not be surprised with some back and fill and profit taking from yesterday. Watching for a flush of 29015 and then a lower high. The Nikkei (N225) fell away from the day sessions highs at 28610 and is under pressure. The push up off the 28330 zone is showing signs that buyers may soak up the selling pressure. Watching for a lower high for further weakness and shorts or a spike lower and higher low around the 28390 zone for longs.

Crypto is still finding some bargain hunters with a lot of pairs having some nice price action setups for a run higher. Ethereum has just kicked higher into resistance around 2765 after the US close so we are watching for another higher low to excite the bulls. Bitcoin is also showing some good signs but does need to hold a higher low for a clean break up and through 38400.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum