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 hanging out between two minor levels at 7156 and 7172 so we would expect both levels to be flushed on the open. Pressure is down so we may see some weakness on the ASX open to add to yesterdays move down. We feel that if price can not hold the 7156 level today, then a bigger corrective move lower is on the cards as the double top at 7205 is confirmed. If it can hold then a higher low at 7156 could hold. The DOW was all one way action lower off the stock market opening highs around 34840. Expecting to see the 34470 level tested but hold today so watching for a higher low. The Hang Seng may have another leg higher today to push up and through 29535 off 29310. Watching for an opening flush lower and then a rally off higher lows. If lower highs hold then watching for some back and fill below 29310. The Nikkei (N225) is being pressured lower with the action being held down at 28830. This is the key level for us today as we expect that a opening flush into 28630 will hold. If the support holds then watching for a higher low buy setup.

Crypto edged lower generally across the board overnight but the price action suggests contraction and then a move up. Watching for Bitcoin and Ethereum to both hold support zones and will be wacthing for higher lows to hold and drag in some bulls.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum