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 pushed back up into the day sessions highs but was capped at 7250 before lacking direction as the US was closed. Expecting to see price spike through 7250 on the open and will then be watching for a higher low and push into 7270 or failure off a lower high. The DOW moved into 34840 through Fridays highs but we expect to see some back and fill lower prior to the US open. The Hang Seng was hit hard on the open yesterday but managed to hold around 28190. If buyers hold a spike lower on the open, watching for a higher low and squeeze on yesterdays sellers. If not, then hold on as the index could extend into 27780. The NIkkei (N225) was weaker from the open and moved into 28550 before buyers fought back. We may see an extension of the gains from the rally off support if the 28610 level holds on the open.

Crypto were hit across the board right from the start of the Asian session yesterday. The pressure continued in European trade until buyers managed to limit the losses in a quiet US session. Ethereum is holding above a key level around 2182. Price will need to hold well up off this level today to bring in further bulls to continue the trend up other wise we may see a big selloff down to 2040. Bitcoin struggled early yesterday and pushed below 34230 which has now broken the uptrend. If this level holds today or see failed spikes, then expect to see a move lower.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index