fxtrader66

fxtrader66

It looks like gold is making an ending diagonal. If this is the case, I believe gold will try to test the 61.8 fib which happens to be in confluence with 2.618 fib estension of wave 1. I believe if price makes it up to 1364 it would offer a nice short opportunity to support below. Alt - I am looking to buy gold on signs of support at the lower TL with a limit...

fxtrader66

Gold broke through tuesdays high, if there is a pullback to tuesdays high or bottom of trendline, would look to go long with signs of suport and believe gold will try to break the 61.8 at 1364

fxtrader66

SPX long, looking to enter at channel support or around the 38.2 - 50% fibs and ride this up to top of channel. Alt - break of yesterdays low (1740.4) I will be looking to short this market

fxtrader66

Spain's Ibex 35 is looking like it's starting a correction. The Williams%R gave a sell signal by breaking 20. Also, from previous high to current high there was a turn window using Lucas Series #'s. There is another Lucas Series # from June 2012 low to current highs that is signaling a turn window. With two turn windows pointing to the same area, the Ibex reached...

fxtrader66

SPX channel, long at bottom, sell at top of channel, alt sell on break of channel to the downside

fxtrader66

SPX could rally higher if it stays with the fib time series and lucas series its been following. They are both pointing to an inflection point in the first week of november. The extension levels are areas where price could find resistance along with the gann fan 1/4 (red), Support at 1646 2/1 (pink) gann fann and 50% fib, Last week the spx was supported by the...

fxtrader66

Possible inverse head and should pattern. TL break yesterday could be viewed as bullish for gold. It would be typical for gold to retest former TL resistance as support to form an inverse h&s.

fxtrader66

Go long on the YM above the .618 and 2/1 tp1 at 15454, go long again on the breakout of the 8/1 above 15454

fxtrader66

Gold found support today at the 2/1 and 4th sq rt progression, a break under this level could indicate price could test the bottom of channel. As long as gold finds support above this level I believe gold could try to test 1300 to 1308 as resistance. If gold can break out above ( daily close) 1300 and its upper channel, look for higher gold prices to come with...

fxtrader66

Levels I am looking to buy 10/15/2013 the 0.125 is at yesterdays NY close, if this level is still holding by NY open, price could keep on rallying. Next levels I am looking at are the support zones. I believe this market could keep on heading higher on the belief the US debt ceiling will be resolved. If the market keeps on rallying on rumors of a debt ceiling...

fxtrader66

If gold can hold its June low and the 1/2 on a monthly close, would be a sign gold could head higher. A break of this level, gold could have a swift move down. See levels of S&R below june low where gold could find support. $1030 to $980 zone looks like it would offer strong support $870 to $820 support zone $620 level of support $470 level of support

fxtrader66

I looking to buy the spx on pullbacks next week and these are the current levels I am looking at, 1st 1693 former resistance could turn into support to launch this market higher, 2nd 1688 to 1685 a zone of support, 3rd 1679, 4th 1673 to 1671 another zone of support. Alt - if price keeps heading higher I will trail my fib and look to enter at the 0.125...

fxtrader66

Using a gann fan and gann square the market is indication a possible top mid 2014. Points I used are 1987 high and July 1994 open, since it was the lowest open in a consolidation period before the bull market that lead to the dot-com bubble. From these two points the 2000 and 2007 tops were identified. It looks like coming into 2014 price is entering an area...

fxtrader66

Gold broke through it neckline of its H&S and 61.8 fib at 1276. Once gold breaks support , it tries to back test it as resistance, which I believe could offer a nice entry into the trend to sell gold . ATL - buy gold down at the 78.6 fib and bottom of trading channel. at 1234/35 on signs of support.

fxtrader66

1692/93 acted as resistance like I thought yesterday. If price can break this level than I believe this rally can go higher. This could turn out to be five waves targeting the 2.618 at 1698 to 1700. 1678 should act as support 38.2 fib and breakout level of channel. Not trying to call bottoms or tops, just trying to catch the middle.

fxtrader66

Gold continues to sell towards its 61.8 fib at 1277. Support here and gold could produce a nice bounce if not rip higher. Alt - last week a triangle was broken and was back tested as resistance. Break of the 61.8 could push gold to its full measured move of the triangle to 1235 that's at the same level of the 78.6 The RVI is embedded in a bearish pattern, if...

fxtrader66

Look to buy possible retest of support at 1646 or close to it with tight stop under Wednesday's low. On US open if price is above the 4pm close and gaps up, watch for the gap to possibly fill and find support there @1657. Next levels of support 1626 & 1600/1596 zone that was a strong level of support that helped launched July's rally. Alt - sell on signs of...

fxtrader66

Sell gold at possible resistance from 1308 to 1312 at breakout of channel