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 with KEY LEVELS and PRICE ACTION to watch

— Remember to work off Key Levels on charts and SEE THE TRADE first —

It is always important to work off confirmation at levels

The SPI200 was supported by a strong rally into the US to end the week. Watching for either a flush higher into 7288 and then a grind lower into the close…with the ASX still ending well in the green for the day, or a flush lower on the open and then for a higher low to build and run up into the close. The DOW charged higher off the 34255 area and never looked back all session. Price may be extended above 34840 and need to squeeze out some buyers before another leg up. Only working off a higher low above the 34840 area for a buy or a lower high below for a sell. The Hang Seng reacted well off 26910 during the day and added to the gains in European and US trade. The Index will open up positive and extended so will be hard to take longs without an initial flush or at least some attempt to gap fill. For shorts, watching for a slush higher and then a lower high assuming the Index may gap fill. The NIkkei (N225) is a bit the same as the Hang Seng…ie will need to flush lower before we look for a long or hold a lower high below 28490 for a short and squeeze on buyers.

Crypto managed to fend off selling pressure over the weekend as both Bitcoin and Ethereum held a higher low. For Ethereum, we want to see a higher low off 2125 for a potential break above 2185. If the 2125 level breaks then watching for a lower high and a short. Bitcoin looks like it wants to hold above 34220 and extend on the weekend gains so we are watching for a higher low to hold. If price breaks back below 34220, then we may see a squeeze on weekend longs.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum