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SPI200 HANG SENG N225 and DOW Index CFDs
Time Frame : 5/30 Min Charts
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Watch our Discord Channel for further Updates as the action plays out
Pre-Market Plan and Key Levels to watch
The SPI200 traded back up to resistance at 6570 which we expect to see flushed on the open. From there, it will depend on the sentiment of the market after the news release of stimulus in the US pushed the DOW lower. If lower highs hold we may see a long squeeze into the close. The DOW remains above support at 29275 which may come under fire on the back of the news. Either a break of the level will be a wash and push back into the range or a lower higher will pressure price lower for a sell….but I expect that this will not play out prior to the European open. The Hang Seng pushed back up off support around 26310 into resistance at 26458. Expect that price will squeeze lower and then rally again off support. If price recovers from here to 26458 prior to market open, then expect a flush of 26458. The Nikkei has been moving lower but is finding buyers at 25508 for support. Expecting to see a flush of 25640 on the open but if price heads straight down then 25508 will be the level to watch for either break and hold or a lower high.
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SPI200 Index
DOW Index
Hang Seng Index
Japan 225 Index
