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

Markets may be bullish today after the Fed Reserve statement overnight. Buyers know that the Fed has their back and will continue to support the economy with stimulus. Concerns still remain on the virus which may add to the volatility. We are careful now of ‘buy the rumor and sell the fact’. SPI200 expected to continue the march higher so may need to clean out some buyers first. DOW is also holding higher lows but looks set to clean out buyers also. The Hang Seng is more positive than the previous few days so we expect to see a break of 24984 and will be watching for bullish action like yesterday on the opening drive higher. The N225 is back to where it started yesterday so may continue the move up through 22566. If the level holds we will be looking for a key lower high.

SPI200 Index

DOW Index

Hang Seng Index

Japan 225 Index