NO B.S. Forex

Real trades with real results. I lean heavily on simple charts with S/R, MAs, channels, and trends. Not financial advice. I post for my own journaling only!

[NO B.S. Forex @NoBSForex]

Checkout substack for levels and more detailed commentary.
https://t.co/c8lxMvgDci

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for ES_F and SPX levels for Monday. Bulls are trying to rally the market early in globex so let's see if this continues or if the Bears step back in to press things lower.
https://t.co/W0nnivhJGq

[NO B.S. Forex @NoBSForex]

NQ_F path/plan for today. The levels haven’t changed much from yesterday and neither has the structure. Price is flagging and below the 21MA(29833) and we still haven’t tested the 50MA(28870). Bearish lean today but Bulls want to reclaim 29734 to target the 21MA(29833), 29928, 30043(8MA). Back above the 8MA gives the momentum back to Bulls and targets 30159, 30317. Bears want price to fail or hold below 29625 (this is testing right now) to target 29450, 29346, 29166. Bears are pressing below 29150 to take out the liquidity below the 50MA(28870), 28550. $QQQ, #NQ_F

[NO B.S. Forex @NoBSForex]

SPX plan for today: We opened on a gap down and that gap was already filled but you can see the obvious short term trend. We had the 8MA cross below the 21MA which favors Bears but we had a test of the 50MA this morning and price bounced off of that. May be a bit choppy today as Bulls and Bears fight to protect or break that 50MA. Ultimately Bears want to take that liquidity below 7265 to cause pain for the Bulls.

Bulls want to see a look below and fail of 7335 or a hold back above 7368 to target 7387, 7409(8MA), 7424(21MA). Bulls would be pressing longs above 7432 to target the gap fill at 7485.

Bears want to see a look above and fail of 7370 or 7387 to target 7350 or a hold below 7335 to target 7318(50MA), 7295, 7265. Bears will be pressing shorts on a hold below that 50MA to take out the liquidity mentioned above. $SPX, $SPY, #ES_F

[NO B.S. Forex @NoBSForex]

I sent this note out about 11 hours ago around 2PM EST along with the note highlighted below. Did you read and pay attention and more importantly did you trade this? What was the high of globex so far? What happened when price failed at 29930? If you missed that, what happened when price held below 29680? That’s over 400 points with the plan laid out ahead of time. What is your paid sub doing for you? Get on board or not…the choice is yours!

Watch out for that 50MA test/reaction if we continue to see more weakness. Bulls want to reclaim 28350 and 28470 to stop the bleeding. #NQ_F, $QQQ

[NO B.S. Forex @NoBSForex]

Watch NQ_F here as we bear flag into the 21MA(29841). Price could chop around the rest of the day but watch the edges for a break if things start moving.

Bulls want to see price reclaim 29870 to target 29928, 30000, 30160.

Bears want to see price look above and fail at 29930/30000 or hold back below 29680 to target 29580, 29465.

Between 29350 and 30000 I would expect choppy action.

$QQQ, #NQ_F

[NO B.S. Forex @NoBSForex]

$SPX plan/path for today. Bulls want to reclaim 7375 to target 7390 and the 8MA/21MA confluence at 7425/30. Holding back above 7435 will help the Bulls reclaim some momentum. Bears want to see a look above and fail at 7375 or 7390/7400 to target 7340 and the 50MA(7316). Holding below 7315 gives the Bears the momentum. Little bit of a battle here between the 50MA and the 21MA. Let’s see who wins.

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for #ES_F and $SPX levels for Wednesday. Bears are trying to test the waters lower but globex is currently trading green after yesterdays weakness. Let’s see where they close the market before MU earnings and PCE.
https://t.co/kBjSfENswO

[NO B.S. Forex @NoBSForex]

I won’t have a formal Substack plan/post today as I have some other things to work on but here’s the path/plan for NQ_F. We are at an important spot as price is testing the 21MA(29822).

Bulls want to reclaim 29928 and hold above to target 30055, 30159, 30242(8MA), 30317. Reclaiming the 8MA would be the first step Bulls need to regain momentum.

Bears want to see a look above and fail of 29928 or 30055 to retest the 21MA. Holding below the 21MA targets 29734 and the gap fill at 29685. Bears will be pressing shorts below there to target 29584, 29338.

Careful chasing a bounce here as that gap still need to be filled but watch the levels and reactions at the levels above. #NQ_F, $QQQ

[NO B.S. Forex @NoBSForex]

$SPX Substack short plan given out well before RTH open is paying off once again as the look above and fail of 7510 has now hit the first 3 targets. Price is at an important spot here as we have a confluence of the 8MA/21MA right around 7450. We are obviously booking profits and leaving runners to work. Done before lunch, enjoy your day! Bulls want to see price reclaim 7481 to target 7500, 7510, 7530 and would start pressing above 7530. Bears want to see price continue to dip and break/hold below 7464(8MA) and 7443(21MA) to target a gap fill at 7420. Let’s see if the Bears or Bulls will win this battle for the close above or below and important zone.

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for #ES_F and $SPX levels for Monday. Prices are testing some important resistance levels while the ‘Peace’ deal hangs in the balance.
https://t.co/loypyElN2V

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for #ES_F and #NQ_F levels for Friday. It’s a shortened session so hopefully you already started your weekend but if not, watch out for chop as price traces out a Bull flag.
https://t.co/Wm3r7FpJue

[NO B.S. Forex @NoBSForex]

Today’s Substack $SPX long plan (highlighted below) called for being long on a look below and fail of 7510/00. We are in this trade now and price is rallying off of that level. This is short term (hence the 1m chart) and you need to book profit as we can just chop around waiting for FOMC. 7525 is a good first spot for profits (already hit) and then leave runners for the target in the plan (7550). Bears want to see price break back below 7510/00 and hold to target 7495, 7482. This is all in the plan that was sent out well before RTH opened. Congrats. if you paid attention and were paid once again before lunch! $SPY

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for #ES_F and $SPX levels for Wednesday. Globex is trading green but don’t be surprised if we chop a bit more before the FOMC presser.
https://t.co/8gcxqDDXvm

[NO B.S. Forex @NoBSForex]

Watch $SPX right here as it tests 7525/30. The low of the gap up is at 7626 and if we start holding below that is in our short plan and would target 7500, 7480. A look below and fail here would be a nice long to target 7549, 7564, 7583/5. Bulls still haven’t closed that gap from last Friday so we have gaps on both sides and the action may just chop Bulls and Bears until we get to FOMC tomorrow but we’re at a nice spot to watch right now for short term traders. $SPY

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for #ES_F and $SPX levels for Tuesday. Markets are pretty flat after the move we saw on Monday. Let’s see if today is a chop day before Wednesday’s FOMC news.
https://t.co/X3TWSqGRXY

[NO B.S. Forex @NoBSForex]

Today’s Substack #SPX long plan called for a buy on a look below and fail of 7541. We are in this trade as I write this note and you can see how price reacted at this level in the chart below. Bulls are targeting 7562, 7585 which would fill the gap from last week. Bears want to see price get back below 7540 to target 7522, 7497/7500. Check the post from last night for more details and levels! $SPY

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for #ES_F and $SPX levels for Monday. Markets are pushing quite a bit higher on the Iran ‘deal’. Let’s see if this one finally holds and how the markets react going in to FOMC Wednesday.
https://t.co/makR0RkFOp

[NO B.S. Forex @NoBSForex]

Here are the $SPX levels/plan for Friday:

Just like NQ_F, SPX is deciding what it wants to do around a confluence of the 8MA(7417) and 21MA(7418). SPX looks a little bit weaker than NQ_F but the same overall process applies here. Bulls want to reclaim 7425 and a hold above that level targets 7450, 7484. Holding above 7484 gives the Bulls more momentum and would target 7500, 7539. Bears want to see price put in a look above and fail of 7425 or a hold back below 7400 to target 7386, 7360. Holding below 7360 gives the Bears more momentum to target 7323, 7300 and the 50MA(7267). Expect chop between 7430 and 7350. $SPY

Hope you all have a good weekend and don’t get chopped up and give back what you earned this week!

[NO B.S. Forex @NoBSForex]

Here is the #NQ_F levels/plan for today.

Price is hovering around a confluence of the 8MA(29422) and 21MA(29357). Bulls want to stay above to target 29708 and a hold above there targets 29928. Bears want to see price break back below those averages to target 29258 and a hold below that level targets 29019. In between 29700 and 29250 is going to be choppy! $QQQ

SPX chart is incoming…..

[NO B.S. Forex @NoBSForex]

Check out my latest Substack post for #ES_F and $SPX levels for Thursday. Markets are rallying off of the recent weakness as the Bears and Bulls battle for the 50MA. Let’s see if PPI or any new Iran news/rhetoric gives one side the momentum they need to hold or break.
https://t.co/4MEHS2alFg