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 hold onto some gains and test new highs overnight at 7372. There is a minor support level at 7350 that we expect to be flushed on the open if bulls want to see higher prices. If price flushes up through 7372 and then fails back below the level, then expecting to see a grind lower. The DOW finally broke down below 34470 and has tested into 34240 before rejecting the level into the US close. The price action remains very choppy with sharp spikes everywhere so key is to work off levels with confirmation in the way of higher lows/lower highs or RTFs and washouts. For now price is in no mans land for us so waiting to see a push into 34470 or 34240. The Hang Seng was closed yesterday so expect to see some bullish action. Watching to see how sellers react around 28912 for a run into 29000 of down to 28743 and below. The Nikkei grinded its way higher through 29274 highs and is looking extended. Price may flush higher but then we would expect to see some ‘back and fill’ of the move up to squeeze out some buyers.

Crypto was strong over the weekend and again Monday as bulls rely on Elon Musk to support the action…until he wants bitcoin lower again. Bitcoin is trading above the 40K level which may see some chop today and then a potential extension up to 42475. Want to see a pullback and higher low hold before jumping into the action. Ethereum was also strong and is holding higher levels into potential resistance at 2618.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index