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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
The DOW, Nikkei and Hang Seng are all in no mans land at the current levels so we will need to see a push up or down to a key level for a potential trade. The SPI200 just backed off from highs to push below the 6073 level but we expect that price action is constructive for a move higher as a higher low is holding at 6041. If the open sees a flush lower and spike back above the 6073 level, then looking for a higher low. The DOW will need to build a higher low around current levels for a push up to 28490. A break below the 27495 ( along way below but volatility could see a break ) will be bad for bulls. The Hang Seng is expected to spike into 25710 with an extension level up at 25870. From there we would be looking for a lower high to hold. Price could also easily back off holding lower highs from current levels and clean out some late buyers. The N225 looks set to hold a higher low and make a run up to 24133 highs. If we see a selloff and break through 23673, then bulls may be in for a squeeze.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
