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26/11/2020 #gold Consolidating, for a Possible next downYesterday was quite a quiet day for gold, my trade plan nailed the top () Today is holidays so expect another quiet day. Based on price action, I am looking at a possible higher move before a strong sell. My bias zone is at 1823.25-24.95 and 1816.3-17.19 is the location for a pullback below further down. Below targets are 1800.35, 1793.027, 1781-84.37; this support zone should cap low of day. Lower support will be 1774.7. Above 1824.95, resistance are 1827.63 and 1832.19 should cap high of day. Higher level will be 1843.45.
OANDA:XAUUSDShort
by FadeMeIfYouCan
25/11/2020 #SPX We are going to Pluto!Upmove continues, thus I shall stop my bearish view (on Twitter). My view means nothing, just follow my trade plan and you will do fine. Based on price action, I do expect a re-tests of 3616 and even 3588. That is only healthy. But market doesn't care so blindly buying is the good thing to do. My bias zone is at 3638-41.2. Above R are 3664, 3673-77 (strong R and ATH) and 3686. With another vaccine news, we might see 3722 but well, just saying. Below 3638, I will look to short to 3616-22, 3600.6, 3590.2, 3582. In the event of a strong sell, we might see 3560. Yea, wishful thinking. I may take scalps along the way today, but nothing major till 3638-41.2 trades.
OANDA:SPX500USD
by FadeMeIfYouCan
24/11/2020 #NDX Continue to be weakRotation continues with #NDX below 12060-80 my key level, while #RUT continue to shine. Not sure when is the next rotation back but probably shorting #NDX is the safer short to do now. My blue bias zone at 11910-22 strong level. Bullish above, with resistance at 11940, 12018, 12068, 12110. If price hits 12210-20, it should offer low risk sell evel. 12068 will be my level to watch for a gd short. Below 11910, support are at 11890, 11854, 11816-24, 1178, 11726, 11686 and 11660. 11634 will offer low risk buy level. IMO, I am quite neutral based on price action. This week is a short week, well supposed to be bullish but well anything can happen.
OANDA:NAS100USDShort
by FadeMeIfYouCan
1
20/11/2020 #NDX Bulls with Slight UpperhandRotation seems to be the workings these days. We have divergence between #NDX and #SPX, one day #NDX is strong, one day #SPX is strong. Why does it not rally together? Lack of money in the market? With yesterday's closing, bulls seem to be more in charge. 11920-32 is my blue bias zone for today and price just bounced off it and is above. I still have the longer term downside bias below 12080 but as my heading says, bulls has an upper hand. If 12050/80 trade, bears will really need a strong rejection and it might signal an end of the bulls. If not 12126 is above. 12248 will likely cap high of day, signifying low risk sell level. Below the blue zone, I will expect stronger selling to happen. Below targets are 11902, 11860, 11828, 11796, 11734. 11702 should cap low of day. 11656 is provded just for reference.
OANDA:NAS100USD
by FadeMeIfYouCan
18/11/2020 #DAX30 Pretty strong but pullback is healthyYesterday was a ranging day, hitting the highs and lows but trapping both buyers and sellers. But I would say #DAX30 is probably stronger compared to #NDX #SPX #FTSE. Price above my support zone so bias is to the upside but with the consolidation either way is possible. Price is probably preparing for a big move. Bias to the upside above 13130, targeting 13190, 13238, 13310. 13412 if hit, should cap high of day. If 13090 breaks, looks for 13072 as 1st support, with below targets as 13000-14, 12940-52. 12860 will be a good level to look for longs.
OANDA:DE30EUR
by FadeMeIfYouCan
18/11/2020 #NDX #NQ_F Same Bearish Plan but Bears need to takeitYesterday's 12060-82 sell from open provide the best trade. And multiple shorts off 12060 gave good profits. Now we are lower, but #SPX #ES_F is not. Same plan for today, be bearish below my blue zone. But sell needs to come soon if not the bears have to go into hibernataion. Down side targets are 12012 (now resistance), 11948, 11922-32, 11877.6-84, 11804-16, 11704. If 11632 trade today, it should offer a bounce. Upside targets above 12082 are 12140 and 12190 should cap high of day
OANDA:NAS100USDShort
by FadeMeIfYouCan
18/11/2020 #SPX #ES_F Bull Bear fight continuesSellers failed to bring #SPX lower yesterday. It is approaching a critical level but bulls has advantage because monthly, weekly trend is up. Sell has to come sooner than later. If not, it is just a bull flag forming. My blue zone is 3607.2-10.6. I have shorted on break of this, below targets are 3588-92 support (yesterday's low), 3566, 3542 and 3522 should cap low of day. Lower level of importance is 3510. Above 3610.6, 3632, 3656 can trade while news can bring it up to 3670.6-73.6 which should cap high of day.
OANDA:SPX500USDShort
by FadeMeIfYouCan
17/11/2020 #NDX Be bearish till it doesn't workIn my other plan for #SPX and in my tweet, I said that as long as #NDX 12080 holds, downside risk for #SPX #RUT #DJIA still exist. Yesterday I made many shorts off 12060-80. Will be same plan for today. To be clear, it is 3 indices bullish (#SPX #RUT #DJIA) vs 1 index (#NDX) which is not. I would say that each of my green levels are more of supports with possible bounces so definitely need to be nimble. Below 12082, bearish bias, targeting 11994, 11964, 11914-22, 11870, 11782. If 11702 trades, it should offer a low risk buy level. Above 12082, be long, targets are 12126, 12205.2. 12336 should cap high of day. But I provided 12408 as a higher level for reference.
OANDA:NAS100USD
by FadeMeIfYouCan
17/11/2020 #SPX #ES_F Be bullish, just don't be the last buyerIt is pretty amazing how they can release vaccine news one Monday after another, and the market just spike up (prob due to algo) like that. Interestingly it happened after Presidential Elections, I mean Trump is like boasting how much he did to help USA with the Covid isn't it? But yet this news came later. Are the CEOs of the 2 companies Biden supporters? My plan yesterday was titled #SPX bullish for now. This is in view of the 3510 level which I said need to break, which hasn't. But if you didn't follow me on Twitter, I said that downside risk for all indices #SPX #DJIA #RUT exist as long as #NDX 12080 not broken. Do note this Today we started off with a gap up but now is coming down. #NDX went above 12080 but fail (look above and fail). IMO is bearish. Price has already crossed my blue zone - bearish. Below targets are 3604, 3592, 3574. 3554.8 should cap low of day but if that breaks, 3510 (the important level!) is below. Above 3625.8, look for longs, targeting 3640, 3652, 3670. 3670 is really a strong R. Expect it to hold. But anyway above it, we have 3701.6
OANDA:SPX500USD
by FadeMeIfYouCan
16/11/2020 #SPX Bullish for nowI was wrong with my bias on Friday but no damage done. Above my blue zone go long (multiple re-test of my blue zone) would give good profits. Today price opened and rallied. A strong one I would say, above my initial R to the next R. Above R are 3640.2 and ATH 3670.6-73.6 Now price stuck at 3614. I had tweeted this to be a strong R together with #NDX 12060. Inability to go above will bring us back to 3592 and blue zone at 3568-73. To even come back to this level would be interesting. Expect fast sell if 3568 breaks, targeting 3542.4, 3526, 3508.6. 3498 should cap low of day but I included 3480 (Fri's projected low in). Also do note in my tweet I said that #SPX 3510 needs to be break to invalidate the upmove.A close below it will be interesting.
OANDA:SPX500USD
by FadeMeIfYouCan
13/11/2020 #SPX Friday the 13th. BewareAs warned yesterday, don't be too bullish for #SPX. We had a sell lower and based on price action, we are looking for further down today. Blue zone, bearish below 3552.4. Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level. Above, 3552.4, we have 3566.5, 3576.2 as resistance. Unlikely price will go above 3608-14 strong resistance zone today.
OANDA:SPX500USDShort
by FadeMeIfYouCan
12/11/2020 #SPX Don't be too bullishYesterday we had a rally brought up by #NDX. #RTY was quite flat. Where's the money? Any MORE left? Blue zone at 3576.2-3580. Cautiously bearish below. Upside targets are 3596 and 3612 and 3641.2 will offer a low risk sell level. Price is now already below my 1st support at 3566.6 (I tweeted on a return to 3552 and took a short at 3576). Lower support at 3550.4, 3536, 3520.9, 3500.6-3504. 3474.6-80.2 should cap low of day, can look to buy there.
OANDA:SPX500USDShort
by FadeMeIfYouCan
12/11/2020 #NDX Sell is over... You sure?We had a strong up day yesterday, after #NDX found support. I was wrong with my direction but my plan painted the correct picture. Price found support above 11714-30 (my blue zone) and rallied from there, and 11920 capped high of day as my plan shows. 11922 will remain a strong R for today. Usually on an up day, my bias zone will be lower for a buy, but today it remains at this 11900-22. Above 11922, we look at 12022 and 12068 for resistance. 12146 should cap high of day. Below 11922, be cautiously bearish, targeting 11834, 11804 and 11726-30 (yesterday's strong support zone) and 11682 is below. 11550 should cap low of day.
OANDA:NAS100USD
by FadeMeIfYouCan
02/11/2020 #SPX Possible Up DayOn monthly, weekly, daily, #SPX is on a downtrend based on my system. But price action wise, with Friday's doji close, we look to go higher. This post is later than my usual, some opportunity might be lost already. Price already pullback to 3251 which was my long/short zone. 3273-77 is the other reaction zone to go long, and price is currently above. Upside resistance will be at 3310-16. 3345-3355 is strong resistance, and it should cap high of day. In the event 3248 breaks, unlikely today IMO, 3195-3204 will be support. 3165-3175 is strong support, and should cap low of day.
OANDA:SPX500USDLong
by FadeMeIfYouCan