TRADESETUP

October 5, 2020

Trading Plan for the days action

Custom Alerts / Index Alerts

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SPI200 HANG SENG N225 and DOW Index CFDs

Time Frame : 5/30 Min Charts

Watch Here for further Updates as the action plays out – Refresh Page during the day.


Pre-Market Plan

SPI200 looks set to push up through 5861 on the ASX open. From there, the key level is 5861…whether we retest and hold for a rally or hold lower high for a test of lows through 5845. The DOW has opened up but failed off 27860. Price may break up through and test to 28030 if current levels hold. The N225 will probably open above 23190 thanks to the positive move on the DOWs open. From there we will watch for a retest and hold or failure back below the level…as with the SPI200. Expect more Trump covid news headlines to throw some volatility at the markets. The HANG SENG IS CLOSED.

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ASX200 Index

DOW Index

Hang Seng Index

Closed

Japan 225 Index

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