Trading Plan for the days action 11/01/22

The SPI200/ASX200 managed to push up off support and hold a higher low into resistance around 7310 for SPI200 and 7404 for ASX200. This is the key level for the open to see whether bulls can keep to momentum going for a move up or whether we see a move into lows. The DOW was happy to reject a move into 35805 no doubt hoping for some good news from Powell in his speech late tonight. Watching for a flush into the level to see if it can hold or a grind up into 36280 for a short. The Hang Seng played around the 23650 zone and retested the 23458 area. These are the two levels in play for me today but I am expecting to see a move into 23458 and potentially lower. The Nikkei flushed into and ejected the 27882 area. Watching to see if a lower high holds around the current level or higher to bring in more sellers and build a move lower.

Cryptos have been under the pump lately with Bitcoin pushing below $40K overnight. Key level for me on BTC is 42258 to see if sellers hold the line and pressure price lower again. For Ethereum I am watching the 3107 level for sellers to defend.

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SPI200 Index

ASX200 Index

DOW Index

Hang Seng Index

Nikkei Index



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