Trading Plan for the days action

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 is holding down at 6132 and found buyers around 6105. Lower highs are moving price lower which may see further downside. The ASX is struggling to hold above the 6200 level which may see some sellers lock in gains today. The SPI200 is extended so may see a squeeze higher early. The DOW is just above a key support level at 28165 that is being defended at the moment. If lower highs continue to hold then shorts are the play watching for the break down. The Hang Seng generally spent all day contracting and held above 24610. The Index has extended into 24900 which if it holds, we may expect to see a run lower but not prior to a washout higher….watching the opening action for sentiment as usual. The N225 is range bound of late with support around 23520 and price is now being held down at 23600. We may expect a wash of 23600 on open although it seems that bears are creeping into the action.

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SPI200 Index

DOW Index

Hang Seng Index

Japan 225 Index