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 relative lackluster overnight session after the days rally on the ASX. Price was capped many times around 7259 so we expect to see a flush lower on the open. If Buyers can them support price above 7232, then expecting to see a rally into the close. If price flushes higher on the open to take out the shorts, then we will watch for a higher low although do not expect to much excitement above 7273. The DOW held a flush into 34500 and worked its way into 34705 into the US close. This is the key level to either hold for a move down or to break for a continued grind higher. The Hang Seng Index held up well off a key low so we may see a move up today on the CFD. If that is the case then we expect to see a flush lower on open to trap some sellers before a higher low holds. The Nikkei (N225) looks to be under some pressure as price rolled off 28470 down into 28330. We will be watching for further weakness and a lower high for a spike down. If the 28330 holds on open, then we expect to see a rather choppy session as bears are in control but bulls may be looking to hold a support level to base a longer term rally off.

Crypto generally moved higher late in the Asian session before giving back the gains lat in US trade to be well contained for the session. Bulls still look to be struggling especially on Bitcoin as price holds below 35030. We are looking for another flush higher today as bargain hunters support the action although there is a possibility that a lower highs will lead to a break down through 33650. Ethereum we are still holding long off 2255 and have locked away some gains and now watching to see if price can find a bid to kick on back up through 2370.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum