Key Levels and Macro Market Review for the Asian session open 27/06/23

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PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS

OVERNIGHT MARKET SNAPSHOT FOR TUESDAY 27/06/23

US and European markets were again under pressure with Tech leading the way lower potentially playing catchup with the recent move down. Europe was more contained as traders held support levels but I expect to see more unwind of risk into the Nasdaq. With the ‘end of quarter’ upon us, expect to see more choppy action and new buyers to hold on the sidelines.

Expecting a mixed open to the Asian session with the ASX200 to open up 15/20 points, the Nikkei to open down 100 points and then the Hang Seng to open up 60.

Traders are focused on the end of the interest rate rising cycle in the US which also means a slowing economy. The ponzi scheme that is the US debt ceiling may start to be of more concern if GDP contracts and the global economy slows.

Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.

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KEY LEVELS AND MARKET OVERVIEW INTO THE ASIAN SESSION OPEN


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