InTheMoneyMike

InTheMoneyMike Pro+

$SPY showing major weakness coming off a double top and breaking trend. Yesterday appears to be a test of trendline and today will confirm the rejection Taking a quick peek at blue-chips: $META $NFLX $MSFT, also showing signs of weakness Despite Russia pulling back forces, I don't think its enough to prop up the market First PT: 436 Second PT: 427

InTheMoneyMike Pro+

ETH on the weekly chart is showing some signs of weakness. The trend is still broken and a good amount of selling happened when it popped back above resistance. IF the trend continues I still see 1700-1900 Let me know what you guys think and visit my profile for more trading ideas!

InTheMoneyMike Pro+

$ETHUSD down 4% after a hard rejection off the major trendline, could be forming a dead cat bounce. I still have a PT of $1900

InTheMoneyMike Pro+

$BTC breaking down from triangle/wedge. First PT: $35000 Second PT: $32000 Visit my profile for more trading ideas

InTheMoneyMike Pro+

$SPY $QQQ I was reading a book about Wycoff and one of the lines said something like this... "In the beginning of accumulation, the stock is held by strong hands and professional traders, as the trend continues the asset is transferred to those of weak hands and retail traders" I created this chart to give a macro perspective on where the current market is....

InTheMoneyMike Pro+

$SPY $ES - After a brutal sell-off EOD today things are looking bad for the markets

InTheMoneyMike Pro+

$ETHUSD testing a very strong 2-year trendline. IF it does break this trendline I believe we will see a bearish market for the next year or so with a potential low of $1700 and will consolidate until the next bullish cycle. However, I am bullish and have been buying the dip like a true degen $ETH $BTC Visit my profile for more trading ideas!

InTheMoneyMike Pro+

TSLA showing great consolidation after the recent breakout. Great time to pick up some shares. $1000 is level to watch, anything below that, and this ship is going down....hard Check out my profile for more trading ideas

InTheMoneyMike Pro+

$NIO trading in huge triangle forming on the weekly timeframe. Be patient, wait for the break, and reap the rewards. EVs have been heating up so I wouldn't be surprised if we see a rip to the upside

InTheMoneyMike Pro+

$ES/$SPY at the top of its channel and closing below the support of the previous trading range. Don't be surprised if we see a pullback in the overall market putting $SPY around $440

InTheMoneyMike Pro+

AMC above key resistance and fib level. A break of 60 and AMC can run to 68-70

InTheMoneyMike Pro+

AMD right on support in a huge monthly channel. Very strong stock, just be patient. For a chill trading room, join the link in my bio

InTheMoneyMike Pro+

$RBLX broke its massive uptrend and made a solid move south. Puts are finally paying off as this stock is due for a correction. Let's break down what happened here and how you can profit from similar price action. Step 1: Find a trend and draw a trendline. The bigger the time frame, the stronger of a trend it is. Step 2: Wait for a break. Do not enter simply...

InTheMoneyMike Pro+

$PLTR finally over the nasty downtrend. Consolidation right on the previous trend line could be a good spot to go long ;) For a chill trading room, join the link in my bio

InTheMoneyMike Pro+

$AMC is at a new ATH. Wait for the pullback and let it hold the white line before going long. This was a HUGE resistance and is now BIG support. For a chill trading room, join the link in my bio!

InTheMoneyMike Pro+

$AMZN break of the triangle and a solid retest of the previous trend line . Let's see where we open tomorrow before jumping in. For a chill trading room, join the link in my bio

InTheMoneyMike Pro+

Breakout of the triangle and a retest of support. Wait for a bounce and hammer the buy. Join the link in my bio for a chill trading group

InTheMoneyMike Pro+

Investing in $SLV just makes sense. The technicals look incredible and primed for a breakout to $30+ with the possibility for a new ATH. Get your inflation hedge set. The dollar will crumble and shiny things will rise. For a chill trading room, join the link in my bio.