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 continued on from the day session and drifted lower into 7135 with no lead from the US. Expecting to see a flush of the level and more bullish action from the ASX open. On the flip side, if price flushes higher top trap buyers, then we will be watching for a lower high and weakness back below 7135. The DOW was sold into 34470 in thin trade as the US stock market was closed so the action was potentially a setup and squeeze of buyers to trigger some stops. Expecting to see the 34400 level tested but hold today. The Hang Seng had a choppy session yesterday with a big flush into support around 29040 before price bounced straight back up. The European and US session saw a narrow range hold so we will be watching for some bullish action and squeeze higher on the open and then potentially some weakness into 28880. If the 29040 level holds again then it is a good sign for bulls than a break up through 29325 is on the cards in coming sessions. The Nikkei initially chopped around above 29025 before breaking and holding below the level. Price is in no mans land at the moment so we are watching for a retest of 29025 or a lower high and push down into 28785.

Crypto ramped up off the days lows to generally break up and through some recent lower highs. Bitcoin is holding around resistance at 37250 so we are watching this level for a flush and failure or pop and retest for buying opportunities. The same plan for Ethereum around 2677 with the recent up trend being strong and dragging in bulls who may have recently been margined out of the action.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum