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 fell away along with the European and US markets to trade into 7108 where price found some buyers. Bulls will want to see the 7108 level defended on the open for a chance of a rally and squeeze of sellers for a move up through 7134. We expect that the opening flush will be key to either trap some sellers for a run higher or clear out some sellers before a lower high holds. The DOW moved straight into lows at 33760 where price reacted higher into the close. Price is in now mans land so watching for a flush lower and higher low or a grind up and minor lower high for a run back into lows. The Hang Seng pushed straight into 27238 and may look to extend on yesterdays losses today. Watching for a flush higher on the open to lead to a trend down or a flush into 27195 and then a higher low for a squeeze up. The Nikkei also pressed into and reacted up off lows at 27155. The bouce was a 250 point rally so we may see more bargain hunters on the open.

Crypto took a hit in line with the market selloff as traders raced to lock in gains. Bitcoin is down in a major support zone where we expect to see a flush higher to trap some buyers before price moves lower. Ethereum also pushed below a key level on its way into major lows at 1737. Price could just fall down straight from current levels but ideally, we see a flush up to trap bulls and then the fall.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum