Trading Plan for the days action 17/11/21

The SPI200 took a hit off 7446 in the final 30 mins of the US session. Could be a good sign that bulls want to flush some buyers before a ramp highs although the SPI200 has seen selling into the day session lately. Watching for a move into 7417 or lower into 7391 for bulls to provide support. The DOW held below the 36315 after failing off the level into the close. Expecting price may chop around 36170 today and may see a flush lower tonight. The Hang Seng ramped up off 25355 yesterday and held the gains overnight. The underlying index is trending higher so may see dips supported. Would like to see a flush lower on open and then a higher low hold for a buy. The Nikkei spiked through 29860 on the open yesterday and then faded back below the level in overnight trade. Price did end around the 29860 level so will be key on the open for either a drive up and through or lower off the zone.

Cryptos took a hit overnight with Bitcoin and Ethereum leading the charge. Ethereum is holding up off support around 4140 for now so watching to see whether buyers continue to defend the level or let it break lower. Bitcoin is chopping around 60800 but holding below the level for now. Like Ethereum, watching the level for the reaction from buyers.

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SPI200 Index

DOW Index

Hang Seng Index

Nikkei Index



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