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 stuck in a range overnight between 7250 and 7271. We expect to see a flush of 7250 and then will be watching for continued weakness if the recent action on the ASX200 is anything to go by. If the level can hold on the open, then price may grind higher into the close but bias down today off lower highs. The DOW was also well contained overnight above 34840. Price may grind down into the level today to target some stop losses but we do not expect much action until the US open tonight. The Hang Seng also held its ground from the day sessions rally into 27950. Price consolidated below the level that could open the doors for a move up and through 27950 today so watching for an early flush and higher low. For now price is between the key levels for today of 27950 and 27690. The Nikkei (N225) initially opened up through 28730 before a slow steady grind lower which we see continuing on the open today into 28420. Watching the level to either drag in some support or to fail and price to continue lower.

Crypto again moved lower as Ethereum sees the brunt of the selling. Ethereum held below 2028 and saw a grind lower that we will be watching for continuation today into new lows. There is the potential that the current move will go further into 1737 which will really concern longer term bulls as the Daily timeframe looks very weak. Bitcoin held below 33220 and pushed lower into 32275 where buyers provided minor support. Watching to see if bulls can hold a higher low or whether a break below 32275 is on the cards.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum