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SPI200 HANG SENG N225 and DOW Index CFDs
Time Frame : 5/30 Min Charts
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Watch Here for further Updates as the action plays out – Refresh Page during the day.
Pre-Market Plan
SPI200 is being held down at 5973 into the close of the US session. The question is whether we see further unwinding in the ASX and a selloff in the SPI200 after the ASX open or a short squeeze up through 5973 on the open. Shorts are in play at the moment. The DOW is on support around 26615 and will need to see a complex correction if we are to see higher prices and if the level is going to hold. A spike lower and then retest from below, may lead to a move lower towards the 26000 area. The Hang Seng trend lower is being held down at 24425. If this level holds, expect to see further downside, if not then we should see a pullback and short squeeze. Expect that the HSI will gap down around 300 pts and break the recent uptrend. Bargain hunters may see the HSI close the gap as the Hang Seng fared alot better than other major Indexes in the European and US sessions. The N225 is trending lower and is being held down at 23200. If the level can hold, then expect to see a test towards the 23005 support. If price consolidates above the support then a bigger move lower may be on the cards.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
