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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 saw a big short squeeze into the close Saturday morning to push up above the 5928 level. Expect the open still to be weak as England goes into lockdown and virus cases rise. Throw in the elections and I expect the move up was engineered to drag in some bargain hunters on open into the ASX. Next resistance is up at 5948 which may come into play on the SPI200 open. The DOW held up off low support at 26055. Price will remain choppy as the elections work themselves out. Expect that the flush lower from 26565 was a big clean out so watching for another grind of a day. The Hang Seng is being pressured lower but like the SPI, saw a squeeze of sellers into the close as the US indexes were supported into the weekend. Watch the 24250 zone for a washout on the open. Also expect a grind higher today after price saw rejection of 24008. If 24008 breaks off a lower high, then things may get ugly on the downside. N225 is holding a lower high at 23375 but is in no mans land at this stage. Expect a squeeze up on the open but we will have to see the bias from open for more direction today.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
