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SPI200 HANG SENG and DOW Index CFDs
Time Frame : 5 Min Charts
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Watch Here for further Updates as the action plays out
Update 11:42am – Sell Hang Seng at 25345 if the current price holds below 25493. Stop of 50 Points from entry.
Update 11:52am – Cancel Sell Entry on Hang Seng…some lingering strength even as DOW heads lower. Short may come later.
Pre-Market Plan
The DOW looks bouyant but a rally will depend on what the Hang Seng does on the open. The Hang Seng is at a key level and the open at 11:15am will give us an indication of whether price is ready to move up to new highs or fail off the zone. SPI200 is much the same, so the open is important to see whether the flush up, if any, is prepping for a higher low or further weakness. Also watching the Pound for a lower high to work a short off but expecting some chop ahead of European open.
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SPI200 Index
DOW Index
Hang Seng Index
