TRADEPROAcademy

TRADEPROAcademy

BTC has been dropping off lately from the failed break of the $10,000 level. The massive wick was an indication that sellers were coming in, right to the support structure that proved itself a few times. This time through we want to see a stall a few extended wicks at 7,500 and rotations for a move higher back into the 9,500 and then 10,000 area. The volume was...

TRADEPROAcademy

The crude oil market was kind to us on the downside after we broke through support level time and time again. We were originally looking for shorts to continue however the upside opened up on Wednesday and didn't stop. The fact that we broke above a key resistance structure at $58.10 suggests the longs are out to play and there could be move upside if they hold...

TRADEPROAcademy Updated 

The gold market was rebounding really well off the $1445 support structure and did manage to break above $1475 just for a bit. However that is where the hard selling came out and price failed. So based on the structure we can see that the gold market is confirming bearish, the next of the target is in $1445 after making a lower high. There could be a move even...

TRADEPROAcademy

The VIX is a volatility index based on the S&P 500. It has recently hit lows and is nearing the all-time low. The last few times it hit this low around 12 or so it rebounded up to 22-24. That doesn't mean that just because we hit that level we will rebound up to the highs and the S&P 500 drop. After a few rotations, we do see a pop and last time that pop brought...

TRADEPROAcademy

The S&P500 has had high after high over the past few weeks after breaking out of the 3025-3030 all-time high. The index has moved nearly 4% off the new highs. From here we've seen the beginning of the first red week or reversal in 6 weeks of straight gains. It's healthy for the market to pull back slightly before breaking higher. No one wants to buy a top and that...