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 moved up off the days lows holding an inside level at 6619. Expect to see price extend up to 6655 and then we will watch for a lower high off the zone or higher lows to extend the move up. The ASX is starting to find some weakness so I am biased short but will wait to see the open. The DOW found sellers off 29965 in a thin market but expect this level to provide some more sellers in the near term. If a lower high holds, then look for move down while higher lows below the level will suggest a move up and through 29965. Expect that this level will be key today. The Hang Seng has sellers around 27000 even with higher levels holding at 26888 and 26908. Expecting a flush lower on open if bulls are making a charge higher. If the 27000 level is flushed on open, then expect some more sellers to cap the action. The HSI is extended into July highs so may struggle to get traction on the upside. The N225is in an established up trend being held at 26700 and then 26739. Expect to see a flush of highs at 26814 and then price to settle down ahead of the Hang Seng open.

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SPI200 Index

DOW Index

Hang Seng Index

Japan 225 Index