Trading Plan for the days action

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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 pressured higher from the days close and held a minor higher low at 7328. The move up should set up the ASX200 index for an open into new all time highs so the bulls may be out to play from the open. Watching for either a flush higher and then a lower high sell setup or a flush lower through 7328 and then the bullish ASX to setup a higher low. The DOW is just grinding higher and held above 35020 into the US close. Watching for a continued grind higher today and then potentially some profit taking tonight. The Hang Seng went lower while the US heading higher into the US close. Buyers do not seem like happy campers so watching for a flush higher and then some selling pressure for the session or a flush of support and then a higher low setup. With Fridays action, it is possible that the Index wants to go lower so a decent push below 26990 could be followed by a lower high. The Nikkei is coming back from a long weekend so expect a very choppy open. Bulls will need to flush lower before a setup long and sellers will need to work off a lower high…but waiting to see the sentiment on the open.

Crypto did nothing in Fridays session into the US close but then rallied over the weekend so expect gaps higher on the CFDs. Bitcoin is at potential resistance around 35050 which may see some profit taking but need to see a lower high for a short otherwise higher lows are the plan as bulls are in control. Ethereum is also hovering around a resistance level so much the same plan. A flush higher and then either a lower high below resistance for a sell or a retest and higher low for a long.

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