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 managed to kick on higher from the days close finding sellers up around 7328 in a flat US Session. Expecting to see a flush lower on the open to clear out some buyers potentially through 7300. From there, we will be watching for a break back above the level and a higher low for a grind up into the close. The DOW chopped between the 34655 and 34470 levels with both being rejected. We expect to see the action be contained between the same levels today but do have a bias up due to the way buyers rejected the lows. The Hang Seng was held between the 28725 and 28825 levels after working its way up off the earlier selling into 28630. The flush of 28725 may be a hint at a bullish day although the recent trend remains down. Watching for a clear higher low for buy entry setups. The Nikkei (N225) is being weighed down into the 28935 level anchored down at 29055. Watching for at least a flush of the 28935 level and then for either the level to hold and a rally or failure and a push to 28830.

Crypto continued to come under pressure until early in the US session when prices found buyers for a ramp higher. Bitcoin pushed into the 30800 level before ramping back up into 24050 which will be the key level today to either hold or break….will need to keep an eye on the reaction from sellers at the level and either a lower high or retest and higher low after a break up and through. Ethereum did much the same thing and spiked up into the 2541 area. Same plan as for Bitcoin…a lower high off the zone or a break up and higher low.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum