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Wednesday, 19 September 2018

Trade Plan 20/9/18

dow +0.61%
s&p +0.13%
nasdaq -0.05%

no important economic announcements today
no major news today

micron earnings today


hsi trade plan:
- if bullish, target is 27,600, then 27,700 = gain of 300 points
- if bearish, target is 27,300, then 27,200 = loss of 200 points
- if range then levels to note are 27,600, 27,450 and 27,300



bias is to the bullish side because us is up, but 30min chart price is at upper trend line resistance, so most likely will come down first before going up

not expecting extreme market conditions today, so don't expect prices to deviate too much from 50 ema

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