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 had a flat session as price was held between 7280 and 7264. Watching the open for either a flush up through 7280 and then a lower high or a flush lower through 7264 and grind higher. We would not expect too much from the ASX today as traders are in a holding pattern ahead of the US CPI number tonight. The DOW pushed down into 34470 which we would expect to see hold today. Price may flush lower to trap some sellers but we will watch for a higher low long entry. The Hang Seng saw some choppy action yesterday with support at 28725 and resistance now at 28825/28865. We would expect a flush and rally or a pop and selloff from the open….generally expecting price to hold between the two levels. The Nikkei (N225) found some support at 28830 after pushing below 28935 on yesterdays open. Price has retested 28935 and is currently grinding lower. Expect to see a flush of 28830 on the open and look for a lower high for continued weakness of a higher low off the flush for a rally back above support.

Crypto managed to move higher as buyers look for a bargain. Bitcoin is hovering around 37300, which is not a particularly important level, but but see some buyers lock away gains. If sellers put up not struggle at the level, expect a continued push up to 39300. Ethereum is also at a minor level at 2633 so we have the same plan of attack as with Bitcoin. Break higher and retest for longs or failed break and lower high for shorts.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum