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 held up well into the weekend and found some minor resistance at 7310 into the close. Support is in around 7286 with a minor higher low at 7293. Expecting to see a flush lower to clear out some buyers before price can hold a higher low and rally into the close. The DOW moved higher and has its targets on 34840. Expecting to see a test of the level and potentially a move lower to clear out some late buyers. If price chops around into the US session we would expect to see 34655 hold. The Hang Seng extended up and through 28990 on the US employment number and held the gains into the close. Price action is coming off a key support area at 28850 which we expect to bring in some more buyers. Will be watching for the action to flush to 28990 on the open to clear out some buyers prior to a move up. The Nikkei is expected to break the 29190 area on the open of the futures contract so we will be watching for a fade of the open off a lower high and push back below 29190…or a retest and long with strength.

Crypto took some heat over the weekend and we may see some CFD traders play catchup today. Key levels on Bitcoin are 36400 and 35200. If price flushes below the 35200 area, there may be a good short on the cards as buyers get squeezed down through 34800. If not, then a grind higher will be on the cards. Ethereum is holding between 2740 and 2650 as price holds minor higher lows and lower highs so in no mans land at the moment. Watching to see the action/reaction from buyers and sellers at one of these levels.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum