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 drifted lower off highs around 7205 and we expect to see a flush on the open into 7170. Price will need to put some traders on the sidelines and trap others before a move so will be watching for a higher low off 7170. The DOW held below the 34635 level which we would expect to see hold again today considering the US is closed tonight. Expecting price to just chop around with the Asian session today so not expecting any clear setups today. The Hang Seng sold off hard in the second session prior to the index close, but found support around 29040 where is rally up and off into the US close. At current levels, price is in no mans land so will be watching the action around 29040 or 29325. The Nikkei held up off 29025 after a solid session so we would want to see more consolidation or a flush lower before any longs. Price may ‘drift’ lower through 29025 so will be watching for weakness on the open for shorts.

Crypto had a mixed weekend with bulls coming under pressure before a rally back to Fridays levels. Ethereum is being held down at 2470 so will be watching for a lower high for shorts below 2470. If 2337 holds, we expect to see s grind up but with little conviction. Bitcoin is much the same holding below 36300 so will be watching for a clear lower high below 36300 for shorts as momentum eases.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum