NO B.S. Forex

Checkout substack for levels and more detailed commentary. nextsteptrading.substack.com

Big spot here for $SPX as mentioned yesterday and today. This has now been tested 3 times with GEX building lower in the 7060, 7050 area. Break/hold below here and you know what to do. If not, you should subscribe to my Substack and check the plans!

If you’re trading #NQ_F today here is what I would be watching. Price rallied early but is now cosolidating around the 50MA(hourly). Bears want to see price hold below 26700 to target 26665, 26600, 26570, 26540. Bulls want to see price get back above 26780 to target 26800, 26825, 26860, 26890. Overall we are in a larger range that price has been trading since Friday. Doubt this range breaks unless some early ceasefire news (fake or otherwise) drops before the close. Iron Condors above the top and bottom of this range are decent trades as well if you can monitor the action. $QQQ

My Substack $SPX short plan is working well today (see highlights below). Price opened at 7122 and got up to 7135 but as soon as my level at 7125 failed you saw price drop. We hit the first target and are getting into that important 7080/85 level. This is the same level I talked about yesterday. Book some profit here and Bulls are likely going to try to defend this. If we start getting into 7080 then we are in the gap and prices could fall further to our 2nd or 3rd target. Any look below and fail around 7080 is still a good long as stated in the Long plan. Nice trade to start the day. Hope you have a good one!

Check out my latest Substack post for #ES_F and $SPX levels for Tuesday. The markets continue to show stength and the Bulls are stepping over the Bears as they buy the dip to keep the lockout rally rolling. Let’s see if we get any ceasefire shockers or if TACO Tuesday helps to keep pressure on the Bears. open.substack.com/pub/nextsteptr…

@allllllnavy @KobeissiLetter Can you tell me how you get a 'relief' rally at all time highs?

This is our first sign of a potential end to this war If this deal is finalized and signed, it means the Strait of Hormuz will reopen and global shipping can resume This will likely trigger a huge relief rally in the stock market, allowing prices to surge While simultaneously dropping crude oil prices The beginning of the end???

BREAKING: President Trump releases a statement on the deal that he says is being made with Iran.

Substack Short plan for $SPX is playing out nicely this morning. Prices dipped on the open and tried to fill the gap but fell a bit short. We failed my level of 7115 and are now testing the gap from Friday’s open. I had a target of 7050 but I would definitely be taking some off here as a look below and fail of this level (7080) is a decent long entry. Nice way to start the day and week!

I know a lot of people will be watching TSLA this week so here’s what I would be watching technically speaking. TSLA: Price is still in this longer term channel but had a nice breakout last week where it reclaimed some important moving averages. We are also seeing the 8MA cross above the 21MA which is a good sign for the Bulls. There is obviously a need for caution here with earnings coming up but Bulls want to hold 390 to target 420, 440, 450. Reclaiming 420 would be a good first step to continue this recent Bullish run. Bears want to see price break back below 390 and the 50MA(388) to target 380 and the 8MA(376), 364. Options market has a 27 point expected move by Friday and a lot of people are already talking about weaker earnings. I would be looking at selling Calls higher and Puts lower or just waiting to see how earnings shakes out and if these levels hold or break. #Tesla, $TSLA

Here’s your short term #NQ_F path for today. Price dipped and is now tracing out a Bear flag. I would be long above 26750 to target 26860 and short below 26600 to target 26450/60. If you’re a scalper just trade the flag until it breaks.

Check out my latest Substack post for #ES_F and $SPX levels for Monday. We saw some more jawboning over the weekend as expected and now we have to see how the market reacts as we await another ‘deadline’. open.substack.com/pub/nextsteptr…

Remember this Bitcoin post from 5 days ago? Price was at 71k then and getting long above 73k worked out nicely. I also posted on Mar. 27th (yellow arrow on the chart). That post had Bearish overtones but it ended with a call for getting long on a look below and fail of 66k. Go read that one for yourself and then look at where the low was over the next couple of days! We are now coming in to the top of my flag and a spot where Bulls can really gain some momentum if they can break above. I think this is an important spot and above 80k will have price gunning for the 200MA(83k). See the post below for other levels and congrats if you actually paid attention! $BTCUSD, #Bitcoin

When I was writing up the $SPX long plan last night I almost thought I was silly when I called for pressing longs on a hold above 7100 as the projected open at the time was around 7060. The low of the day so far has been 7082 and that call isn’t so silly now! Suffice it to say that the long plan has worked pretty well again today and I would be careful here as we have hit three targets on the upside and there is going to be round number resistance at 7150. I am also seeing GEX resistance building at 7060. Book your profts and start your weekend early! Just to rub some salt into the Bears wounds…..if you bought a 7100C on the hold above 7100 around 10:00EST you would have paid somewhere around $14-16 per contract. They are currently selling for $45. Not too bad for a couple hours of work. This is exactly why it pays to have a plan. I thought that 7100+ may have been a stretch at the time I was writing the plan up but it doesn’t matter what I ‘think’. A plan allows you to have entries, targets, and stops and it helps to remove emotion. Emotion is one of the biggest killers of retail accounts in this game. Enjoy your day!

Check out my latest Substack post for ES_F and SPX levels for Friday. It’s OPEX and prices continue to rip. You might want to lighten up or hedge into the weekend…..or not. open.substack.com/pub/nextsteptr…

Oil futures (#CL_F) don’t seem to have much faith in the Israel/Lebanon or US/Iran ceasefires. Pin bar off the 50MA(87) and back into the channel. Watch if this reclaims the confluence of the 8MA/21MA around 96. Weekend war risk anyone? $USO

@Manu_Sisti How come no one here has replied saying they received this plan? 99.9999% of people that say they will give you something for a like and comment are full of you know what!

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Substack SPX plan paying again today on both sides. Market opened at 7040 and pull back to 7025 within the first 15 minutes. Price then tested above 7030 and failed which was what I called for in the short plan. We then hit the 7015 target and started moving back up. Price then reclaimed 7030 (hold above) and that is my long entry. We are now approaching target 1on the upside at 7056. I would be careful with 7050 as there is a lot GEX up there and then watch 7070 above that level. 2 ways to play this choppy action today and done before noon once again. Enjoy your day!

Check out my latest Substack post for #ES_F and $SPX levels for Thursday. Bulls continue to push the action higher and are enjoying the blue skies. One word of caution…don’t be the last one to leave the party. open.substack.com/pub/nextsteptr…

Remember the larger range #NQ_F (and others) was trading in for over 7 months? What is price doing now with this huge 13 day rally? It’s basically just sweeping out those wicks from January, October, and November. So we have now swept the August 2025 lows and the 2026 highs. How price reacts here will be telling. If price can hold above 26000 or even do a look below and fail of the top of the range then Bulls are going to continue ripping off the Bears faces with targets of 26700, 27800, 28900. If we start seeing closes back below 26000 then Bears may finally wake up and will target the confluence of the 8MA/21MA at 25000 and then the 50MA(24016). These are all weekly MA’s by the way. Bears would start pressing below the 50MA for the March lows of 23000 and then the 100MA(22246). They took your liquidity on the downside when everyone was worried about the 200MA(daily). Now they are taking the liquidity on the upside. Will we see continuation or another massive move down? Watch the levels and the daily plans and I will guide you either way! $QQQ

$UNH is looking like price wants to recover from the huge dropoff we saw last May. Price is working off a 2B reversal and we now have the 8MA(304.5) crossing above the 21MA(292), 50MA(293), and the 100MA(303). We are also in the gap from the last earnings drop and if price can hold 309/310 Bulls can target the 200MA(328), 345, 358, 380. Once price holds above 380 we will then be breaking out of a range that goes back to that May dropoff and that is where I would be pressing longs to target 410, 425, 440. Longs also have good R:R here as Bears would start getting short on a hold below 300 to target the 50MA(292), 272, 251, 238. A hold below 238 is where Bears really start pressing for the 2020 lows around 228, 212, and 187. Selling Puts here around 300, 290 makes sense but you may want to wait for earnings which are out next week.

$BAC is being rewarded for good earnings today and price is trying to break out of a longer term triangle. If this breakout can hold Bulls will target 55.50, 56.75, 57.50 and new highs. The one thing that is concerning is that this latest move from 46 has been done with decreasing volume and price is a bit extended from the 8MA(52.45). Bulls would ideally like to see a pullback that holds 53/53.50 to target those levels above. Any weakness below 53 and the Bears will step in to go short and target 51.50, 50.75(50MA), 50.22(200MA). A hold below 50 is where Bears will be pressing for 48.78, 47.45, 46.8, 46. This looks strong but it would be nice to see some more volume come in on a pullback rather than chase if you want to get long and you want to see a break back into the triangle if you're a Bear.

$ASML had pretty good earnings but it looks like sell the news so far today. Price is testing the 8MA(1434) and filled the previous gap from last Thursday. Bulls want to hold 1380 to target 1434, 1498, 1550. Bears want to see a hold below 1380 to get short and target 1367(50MA), 1309(gap fill), 1285(100MA), 1250. I would be pressing shorts below 1250 to target 1200 and 1144(200MA). This still looks strong for now but this dip is coming on some decent volume and Bulls don't want to lose 1380.