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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 and Key Levels to watch
The SPI200 breached support in a late selloff as buyers bailed on long positions from the European session. The move down is extended so I expect a squeeze higher on the open on some bargain hunting. The 6512 level and down to 6502 may provide support into the Employment data at 11:30am. If not, watching for lower highs and a fear based selloff early. The DOW was hit into the close on lockdown fears…which have been around for a while. I suspect the move has more to do with buyers closing out as price struggled to go higher. Price should continue to find support, to fend off a bigger sellof, from vaccine hopes. The 29524 level is important early…either price retests and fails lower or price pushes back above holding higher lows. The Hang Seng has sold off from the futures market close so expect a test into 26335 then potentially down to 26295. Price action is showing tentative traders up at highs but the HSI trend remains up. A gap down may trigger buyers for a gap close. The N225, likethe DOW, broke support at 25673 so this level is key on the open. Watching for either a retest and fail to lows or for price to reclaim back above and a grind up.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
