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 is right up at a make or break level at 7145 which is good for trading. Watching for either a flush and roll lower into the US long weekend, or a break and hold for a rally. The SPI200 may be over cooked a little to expect price to continue higher on a Friday. The DOW is pushing higher through overnight highs on what we expect is a flush so we will be looking for some back and fill lower. The Hang Seng could go either way…meaning price was generally weaker off a key resistance zone so could add to the weakness today. If bulls get excited we could see the 29145 level hold for a flush through 29300 and extension through to 29570. The index still has upward momentum so could add to that of price moves through yesterdays highs. The Nikkei (N225) had a big rally after the underlying index closed so expect to see a gap into resistance on the index and potentially weakness into the Nikkei CFD. If the 28800 zone can hold, then we may see higher lows pressure from bulls.

Crypto was generally contained across the board through the European and US sessions. Bitcoin is mid-range but we expect the offer to bid move to continue…ie a lower high to pressure price into 36800. Ethereum was also range bound overnight between 2877 and 2678. Price is also lacking clear direction at this stage so its more of a wait and see start to the day.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index