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 added to the day sessions gains with a move into 7240 before fading into the US close. We expect that price will need to flush out some bulls before being able to reset and continue the push higher. Watching for a flush lower and higher low to hold. The DOW is holding higher lows off 34470 with an inside level at 34545. There is also a lower high at 34705 which suggests that price will remain contractive today holding higher lows and lower highs before a breakout later in the European or US sessions. The Hang Seng had a benign session overnight with bulls hapy to remain on the sidelines for now. Support is at 29235 and resistance at 29530 which are our key levels to watch today. Price has the chance to extend higher to 29700 after yesterdays pullback…but we expect that this will be a tough ask before US employment data Friday. The Nikkei (N225) had a strong run up early off 28630 before settling between 28830 and 28966. We will be watching the 28830 area for an early flush and then for either rejection with a higher low for longs or a lower high to confirm a move lower.

Crypto generally moved up but still lacks the enthusiasm of the recent bullish action as many have been squeezed out due to margin stop outs and would be reluctant to re-enter after taking a hit. Watching Bitcoin to hold up off 37300 with a higher low for entry and Ethereum to also hold a higher low for a push up through 2791.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum