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 mirrored the days session price action but in reverse with a push into support and a bounce. Price is now caught between minor levels at 7088 and 7101. We expect to see both levels to be flushed to put overnight traders back on the sidelines. If a decent flush lower can hold a higher low, expect to see a ramp into the close. The DOW is hovering above the 34300 level but holding lower highs which suggests at least a flush of the level. Form there it will be about a lower high for continuation down or a bounce and higher low and push back to 34470. The Hang Seng is extended so may look to squeeze out some recent buyers. The Index is extended but could have an early push through yesterdays highs which would be a move to 29300 on the CFD. If a flush is going to happen, expect the 29200 level to hold and then 29100 to break. The Nikkei (N225) struggled to hold 28610 and is coming under pressure as we speak. Expect to see a flush lower so watching for a lower high off the resistance zone.

Crypto rallied in Asian and European trade before seeing some selling pressure in the US session. Bitcoin is holding below 39350 for now but we expect to see a flush of the level and then will have to wait and see the following price action for either a retest and push higher or a lower high off the level. Ethereum is holding the uptrend off 2000 with the recent higher low and anchor at 2678. Price may see some sellers into 3000 or just below but for now its a matter of sitting and waiting for either a higher low and continuation up or lower high for a short.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum