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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 held above the 6200 level after a quick squeeze lower into the US close off 6226. I expect that this was due to election uncertainty over the weekend which has now been resolved. Bulls may keep the momentum going from the ASX open today and hold above the 6200 but not without a flush of the level first…what for a higher low to hold. The DOW is being held up at 28088 which if breaks will lead to a move down to 27774. If the level holds, bulls may take a shot to move markets higher. It will be hard to see how stimulus will be factored in as there remains a lot of uncertainty due to a bitter Republican party…I do not expect to see a quick aid package. The Hang Seng is hovering around 25793 and is being held up at 25575. If support holds, expect to see a grind higher. I expect there is risk of an unwind lower off the closing price. The N225 is being supported at 24265. Expect to see a flush of this level if bulls are looking to new highs through 24450. If 24450 flushes on the open, then we expect to see a move down off a lower high.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
