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 rallied and managed to hold on to the gains in a relatively flat US session. Price found some sellers off 7262 but price held above the 7237 area. Price is holding between the two levels so we would expect to see a flush on the open prior to any move up. The DOW is being held between the 34200 and 34500 zones. Because price is in no-mans-land, we want to see a higher low for longs or a lower high for shorts. The Hang Seng grinded up off the days lows after a negative session yesterday. At these levels, we want to see either support at 28935 hold a flush and a higher low for a squeeze up on sellers or a lower high and move into 28725. The Nikkei (N225) is looking heavy off 28915 and may add to yesterdays weakness for a push into 28708 and potentially lower. Want to see a push through 28840 and then retest for a short or a flush and hold of the level for a squeeze higher.

Crypto managed to grind their way higher as bitcoin broke up through resistance at 34950 giving confidence to crypto bulls. Bitcoin faded off 36400 so this is the key level for us today. Watching for either a retest of the zone and then failure or a flush lower and then a higher low for a long entry. Ethereum moved up but looks to be failing ahead of a key level. For a move lower, we will need to see a clear lower high and sellers jump into the action. For longs, its the opposite, a clear squeeze lower and failure for continuation followed by a higher low.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum