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 rallied up into resistance at 7226 which we expect to see flushed on the open. Expecting to then see a pullback and a higher low for a long setup other wise our skeptical market may grind lower off the level today as it may be a stretch to ask bulls to push another 50 points higher into 7276. The DOW is set to lift higher and test into 34700 where we will be watching for either failure and a lower high for shorts or a retest and continuation setup higher. The Hang Seng held up off 27105 into the US close. Price is in between levels for now so the open is important to see whether a higher low or lower high wants to hold. Watching for a spike lower on open to trap some sellers before a ramp higher as the HSI is showing some divergence on the 30min. The Nikkei has rallied up into resistance but remains trending up. Will be watching to see a flush higher through 27865 on the open and then watch the level for a squeeze lower or continuation higher.

Crypto continued to find selling pressure overnight as Bitcoin broke down below the 30K level. Bitcoin is at the bottom end off the major support level so may see some bargain hunters step in for support but we would be looking for a flush lower and failed follow through before being a buyers. Ethereum reacted up off major support at 1737 but the down trend is still in tact for now. Price will need to hold a higher low before we look for long entries as the bias is down. For shorts, we want to see a flush up to trap some buyers and then work off a lower high.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index

Bitcoin

Ethereum