Trading Plan for the days action 4/10/21

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The SPI200 managed to fight back from the days sessions weakness but fell short into 7207. Expecting to see a positive open on the ASX and a flush lower on the SPI200 prior to a run up through 7207. The DOW saw a big bounce up off 33625 after flushing stops below the level. Price may extend on the gains today into 34650. For now, price is not around any key levels but the short term bias is up. The Hang Seng will be playing catchup today so its important to wait for the open to see what levels price wants to work off. Key levels to watch are 24655 and 24310. The Nikkei was beaten down Friday before finding buyers to provide support at 28705. Price then worked up through the lower high at 29010 to confirm a double bottom so we expect that there may be a squeeze on sellers today and push up. Want to see a higher low hold first ideally off the EMAs.

Cryptos were bullish Friday and managed to hold onto the gains over the weekend so are showing strength today. Bitcoin is hovering around 48300 resistance so watching the level for a fade short or break and continuation higher. Ethereum is stretched in no mans land between 3190 and 3550…so a waiting game there.

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SPI200 Index

DOW Index

Hang Seng Index

Nikkei Index



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