Trading Plan for the days action

SPI200 HANG SENG N225 and DOW Index CFDs

Time Frame : 5/30 Min Charts

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Pre-Market Plan and Key Levels to watch

The SPI200 found minor resistance from sellers into the close around 6689 but do not expect this to hold with bulls in charge. I expect to see a washout of the 6689 level and then a higher low as the ASX continues the push to all time highs. The DOW is well and truly extended into 30085 where we expect to see some short term profit taking. If price spikes through then watch for a retest and continuation up or a pullback into the range for a lower high short setup. The Hang Seng is expected to extend into 26820 highs as the trend up remains in tact. The HSI is extended into resistance and is looking heavy so watching for a gap open and then fade lower. The N225 has been on a constant charge higher…they may know something about money printing that we don’t. Only minor levels at 26505 and 26396 to watch but we may need a clean out of buyers before a higher low can hold.

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SPI200 Index

DOW Index

Hang Seng Index

Japan 225 Index