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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 SPI200 is set to spike higher on the open to continue the positive sentiment from yesterday. With payrolls out tonight in the US and going into the weekend, it is hard to think that there will not be some profit taking into the ASX. As long as 6144 can hold, then expect bullish action. A break of this level may lead to a selloff into the close. The DOW is at a resistance zone but could easily extend higher to 28835. There is not the volatility that I had hoped for so we may expect some chop again and a focus on the Hang Seng during the Asian session. The Hang Seng is also at a key round number level at 26000. Expect a spike both up and down to flush out traders. The question is whether there is going to be momentum up today although the Index will be extended on the open after another gap up again. Bulls are in control but will be watching for some heat to come out on open and a sell off a shoulder (lower high). The N225 has also extended into resistance so we may see a wash higher and then a pullback to sell into. Either way, the markets are very strong but extremely extended so it will be tough going.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
