TheTradeMentor

18:53

TheTradeMentor Updated 

So this is a follow up on my short fractal idea I posted last month. So far we are still seeing the short pattern develop BUT on the longer time frames we are still bullish and in an uptrend. There really isn't a big red flag yet in this market other than if you really pick through the internals of the market. Not to mention so many of the high flyer tech stocks...

TheTradeMentor Updated 

So I went back to 2018 on SPX around this same time of year and noticed a similar pattern forming. Last week, with the FED, I pulled another fractal that played perfectly. With all the FED news coming to roost over the past 2 weeks with tapering, hikes, hawkish etc. this move makes sense as well. I've been waiting for some sort of catalyst for us to get a pull...

15:03

TheTradeMentor

Anything can happen but this week was a big week for me and trying to figure out what the market wants to do. There are just so many signs that say down I felt like I needed to post an update. Let me know what you think in the comments!

TheTradeMentor Updated 

I'm very bullish on Gold long term, but for a short term analysis as we open the week we have two potential VWAP gaps to fill. If you do not understand VWAP feel free to comment below. The gaps usually fill at some point. Either we are going to fill the higher one around 1435 or the lower one at 1412 that never filled. Being that it's in a bullish pattern on the...

TheTradeMentor Updated 

Make no mistake we are still in a bear trend. We did have a short uptrend after hitting the main trend line. Over the past few days we have moved back to a downtrend until we hit that main trend line again.

TheTradeMentor

What a ride down this has been. I dont think this is from any bad news but rather a lack of volume. With the lack of volume, BTC will continue its current trend (down) and will be easily manipulated. Until we see some decent volume on the upside this will continue. I believe this will hit the daily RSI double bottom and the triple bottom (price wise) before a...

TheTradeMentor Updated 

Looking like another breakout is coming. There has been a ton of volume and price action over the past day or so. There is resistance/support at 6K so hopefully it can get back above that. Next support is at 5500 if it keeps going down. Hopefully, after that we will have a break out. I have been swing trading this over the past day with due to the osculation in...