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SPI200 HANG SENG N225 and DOW Index CFDs
Time Frame : 5/30 Min Charts
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Pre-Market Plan
SPI200 is up at resistance around 5992 which I expect to be cleared on the open of the ASX. We may see some bullish bargain hunting on the ASX especially into IT after the big selloff the last few days. Will be watching for a higher low to build for a long. If price does fail at 5992, then expect a drift lower into the close as the ASX is expected to open up 40 points. The DOW has been pushed lower into support after hours. May be due to the release of tech earnings…ie buy the rumour, sell the fact…but I do expect the lows to hold or else it may be a free fall for 400 points in the Asian session. The Hang Seng has moved lower after hours on the CFD but expect a rally prior to the 12:15pm open. Will be watching the 24380 level to be tested but it will depend on the open. If we open down towards 24380, we may see a lower high and push lower…but the Hang Seng has been particular bullish during market hours of the HSI. The N225 rejected 23376 so if we see a lower high hold below the level then a sell is on the cards. The major higher low at 23187 will need to come under pressure though for a bigger move lower although, if the DOW rallies off lows, then 23270 could hold and see a continuation up to test 23444.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
