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 held below 7298 as the US edged higher into the close. This may signal that the ASX200 is not willing to push into new all time highs today especially ahead of the weekend. We expect to see a bit of chop on the open around current levels and expect to see price hold below 7298 today and even fade into the close. The DOW was held below 34890 which could easily break for a test on the highs at 35020. All three major underlying indexes are slowing into new all time highs so we do expect to see the DOW follow Asian markets today and any rallies be capped. The Hang Seng held below the days highs around 27700 and did manage to squeeze out some buyers. The underlying Index looks poised to run higher potentially to 28000 and above so we will be watching for a squeeze higher. This would mean a push up through 27700 on the CFD so watching for a higher low after a flush lower on open. The Nikkei (N225) may be lackluster today with the underlying stock market closed today so not expecting any action.

Crypto managed to consolidate the recent gains to the delight of bulls, but are hovering around resistance levels. Ethereum is holding around 2028 so we are watching to see if price wants to trap some buyers before a spike lower of whether bulls are going to hold a higher low for the run up. Bitcoin is much the same as price chops around 32275. We expect price action to continue to contract for a short period before a squeeze on buyers. Price could just as easily ramp up to 33220 so in that case, its all about working off a higher low.

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SPI200 Index

DOW Index

Hang Seng Index

Japan N225 Index