Trading Plan for the days action 19/01/22

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The SPI200/ASX200 were both sold lower along with the US and pushed into support. Watching to see if there are some bargain hunters to provide support for a buy and squeeze higher or whether the support level fails and we see continuation lower. The DOW took a hit down into 35325 where I expect to see some support today going into the European session. If Asian markets get hit, then the DOW may be dragged lower. The Hang Seng was sold in Asian and European trade before finding support around 23960. Price bounced to squeeze out some sellers so we are watching to see how buyers react at the open around the 24150 area. The Nikkei was held down at 28106 which will be a prime area to flush up through on the open to take out some stop losses and potentially trap some buyers. From there, I will be looking for either a lower high or higher low.

Cryptos were found some late buying to bounce up off support levels in a show of strength. From here, it is whether more buyers are willing to join the move and hold a higher low for a buy entry setup. Ethereum off 3105 and Bitcoin off 40750.

Spot Gold did not like the selloff and USD rally as price pushed below the 1813 level to take out some sop losses. Gold may continue to find pressure on the USD rally so watching to see if 1810 can hold.

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SPI200 Index

ASX200 Index

DOW Index

Hang Seng Index

Nikkei Index



Spot Gold

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