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 closed relatively flat yesterday which suggests bulls are holding back after testing the 7328 level overnight. Price is holding higher lows but we do expect to see flush on the open to trap some shorts before pushing higher. The DOW spiked into 34665 before pushing back down into 3447. Is the time that bears push below 34470…we will see. Will be watching for a flush and then a lower high prior to shorts. If not, watch for another flush and then higher lows for a move back into the range. The Hang Seng took a big hit into the European open yesterday to continue the choppy action we have seen in previous weeks. Price did react up off support at 28665 so we will be watching for continuation up on the open. The Nikkei (N225) worked its way up off lows around 28760 but is not showing the strength bulls would like to see. Longer term, we expect that the 29205 level will hold and pressure prices lower but for now the minor trend is up. Watching for a flush of 29070 and then a lower high for a sell or retest of 28880 for a buy.

Crypto is again coming under some pressure although holding up okay at this stage. Ethereum is looking heavy as price pushed down to 2455. We are seeing buyers step in to lift price but will be watching for a lower high at the MAs for a sell. If price keeps going up then a higher low will come into play for a run up to 2633. Bitcoin is also showing some weakness. Watching the 37300 level for either selling pressure to hold the level or a break and higher low for a run up to 39300.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum