Trading Plan for the days action 15/12/21

The SPI200/ASX200 gave up the day sessions gains as price heading lower through support. Levels on the SPI I am watching are 7337 and 7362 (7335 and 7360 on the ASX). If the pressure holds, we may see some unwinding of long positions ahead of the FOMC tonight which will see some added volatility. The DOW held 35780 for a confirmed lower high so expecting further pressure today unless price can reclaim back above 35585. The Hang Seng initially flushed resistance and then headed lower all session into 23495 before finding a bid at the start of US trade. Price is in no mans land at the moment so watching to see if sellers defend 23770 again or price can push into 23495 off a lower high. The Nikkei was weighed down all session and managed to hold up off 28165 late in the US session. Expecting that we may see a squeeze on sellers early and push into 28440.

Cryptos continued to find some pressure and hold the lows. Bitcoin is chopping around 47400 and holding the downtrend. Watching to see if buyers step into a trap for a setup short through 47400 to new lows. Ethereum may want to test up into 3947 prior to another leg lower…again to drag in a trap some buyers.

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SPI200 Index

ASX200 Index

DOW Index

Hang Seng Index

Nikkei Index



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