Trading Plan for the days action

SPI200 HANG SENG N225 and DOW Index CFDs

Time Frame : 5/30 Min Charts

Watch Here for further Updates as the action plays out – Refresh Page during the day.


Pre-Market Plan and Key Levels to watch

The SPI200 held a lower high at 6481 into the US close which may come under pressure today from continued bullish action. The trend remains up so watching for a higher low to hold above the 6427 area potentially the low that is in place at 6450. The momentum on the five is up so a flush lower and hold above 6450 around the ASX open would be good for bulls. The DOW also held a lower high on the 30min at 29522 but I suspect that it will be support above the 29285 area today for a push higher into the US open. Watching for a higher low above 29285 to build. The Hang Seng continues to find resistance at 26450 which I expect to be flushed on the open. Support is at 26210 but I expect it will hold as the HSI trend is up…although extended. Bulls remain in control as there really is not any macro themes that have changed to warrant serious profit taking…stuck with intraday chop for now. The N225 pushed up through 25630 but could not hold the move. The level may be flushed on the open but I do expect that some heat will come out of the upside action for a grind down.

Join through Discord for Intraday trading Updates (email support@tradesetup.com.au for the link)

SPI200 Index

DOW Index

Hang Seng Index

Japan 225 Index