Topics:
MOASS: 06/09 - 07/09
- Market Weakness, Strength & Synergy
- Shorts Covering- what levels and why
- Runup to earnings and into 04/20
- Indicator Check
MOASS: 06/09 - 07/09
Trade active
Posted the below to Reddit earlier:Below is a fascinating interview with Tiger Williams and Barron's on short selling in the market right now. FYI his firm ADVISES a lot of these Short Only Hedge Funds.
GME is mentioned MULIPLE times in the first 10 mins
youtu.be/th_7YNxtPeA?feature=shared
Highly advise you also look at my previous post on this.
reddit.com/r/GME/s/0Qpyfdhwg1
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Update
After you watch that check out this doc on ole Stevie Boy (Cohen) and think about what Tiger Williams said he does for clients above.
youtu.be/1szayJV505M?feature=shared
Trade closed: target reached
Morning!Casino is already open but as of now price is moving as expected
Lets see what we get from here
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Now this is interestingSince Inuguration, which I still say represented the FLAG EMOJI
My custom OBV has not made a new low.
Hmmn...
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Low volume day so farNote
And thats a wrap!Not bad..not bad at all
Expecting SYNERGY to continue from here..lets see what we get rest of the week
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Morning!Casino already open and things are moving as expected
Expecting price to hold micro support and continue higher
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Until we break above this local there is risk of a move lowerNote
General path im expecting price to followGME loves to OVERLAP though so we have to see how this develops
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And thats a wrap!Tracking this smaller degree 5 move off the low and things are looking good
Lets see what shenanigans the FOMC talks bring to the market rest of the week
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These are the IDEALIZED targets that the fibs are pointing too..No guarantees as I always say but man is this chart bullish from an EWT perspective
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Someone in the comments reposted where I first made the public call of a potential 100k price target for MOASS. I wanted to repost something I posted from July 19th, 2024 right after I made the 100k call. I've always been honest & grounded about that call:"PSA:
Expanding on the above we want to clarify our price predictions and tell you exactly what we are saying once and for all:
We use Elliott Wave Theory as our primary technical analyst tool (dont care if you dont believe in EWT)
Without getting into the weeds of the theory itself the first squeeze that started Apr 2020 and ended Jan 2021, we count as a 5 Wave impulsive move
Once we bottomed in April 2024 we then made a smaller 5 Wave impulsive move up which completed ...and we have been pulling back correctively since
The bottom in Apr 2024 and subsequent move up allowed us to draw a Fib Extension from the Apr bottom which gives us our targets
This is why we keep saying EVERY FIB IS A TARGET
Its a simple as that.
Ok the real question is: Where do we REALLLLYYYY think price will top?
By the book (with a touch of Avi Gilburts Fib Pinball sprinkled in..do your googles to learn more) the IDEAL target based on GMEs price action since the Jan 2021 squeeze and subsequent pullback, price should reach the 1.764 Fib Extension which is $102,110.30.
Again that is the IDEALIZED TARGET.
We have a system based around Elliott Wave Theory that we use to trade so, yes we treat EVERY FIB as a target..BECAUSE WE TRADE SYSTEMATICALLY
With that said we think the vast majority of people will make their money in this trade somewhere between $253 - $609 and call it quits
With the next largest group getting out by $1869
That should cause a massive drop but since this is a squeeze we expect parabolic price moves that continue higher
How High above $1869?
By the book we would point to the $4895 level as the next big target on the way to the 1.382 fib at $13,817 (and then IDEALLY price continues to the higher fibs eventually topping at approx 100K)
But being we are talking absolutely INSANE prices we would say: WE HAVE NO IDEA HOW HIGH THIS GOES ABOVE $1869
ATMs, Halts, Overall Market Disruption and flat out Regulator intervention are things that will absolutely impact any significant price movements
Hopefully that clears things up and gives you a more realistic understanding of our GME posts here on TradingView"
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Now you see why in our updates we have a TARGET and a MOASS TARGETNote
I also posted this chart around the same time of that original 100k call:)
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Morning!Casino will be open later
Feeling REALLY good about things
Went back thru all my prior analysis on what I learned about what the cat is doing and still think I have the timing of MOASS pretty well nailed
We should continue to drift higher until 04/20 and then BOOM
GME should really run from 04/20 onward
MOASS: 06/09 - 07/09
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Looking good!BOJ and FOMC went as pretty much expected
This count is still very flexible as it needs to move more to better define targets
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And thats a wrapOk things are looking good as I said earlier
The BOJ and FED holding steady on rates is a sign that the Big Players can slow down on the deleveraging and add a little Risk back on..at least for the next quarter
What does that mean for GME and Markets?
UP
Expecting continued movement higher thru earnings with the period from 04/20 - 06/09 clearly showing that MOASS is definitely on the table
MOASS: 06/09 - 07/09
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MA turning green which is really good confluence with the other indicators..at least with the way I have them setup it isNote
Would just like to point out that what we thought would happen after March 10th has happened so farMore credence to me that we are definitely in the ballpark if not on near on target with our timeframe for MOASS (based on what ive learned about what The Cat is doing)
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Haven't done one of these in a minute but its time for another edition of:Heartbeat Trading interprets The Cats tweets
BTW- ive been wrong multiple times since 01/21 on the next time The Cat will tweet but at this point I think its pretty safe to look for one around 04/20
I talked many times about how I personally feel I nailed what The Cats last tweet was about- extended market weakness (I was definitely wrong about how long it would last)
But in that Futuroma focused tweet Connie Francis is singing about, "waiting for you"
The question is: Who is "YOU"
"You" everyone assumed are his shares...and I agree..its his Shares aka The Originals aka What's in The Box
But everyone assumes that he is just talking about his GME shares.
What if I told you that his GME shares arent the ONLY shares he is waiting for.
If you look at The Cats tweets from last year you will notice that he CONSISTENLY weaves in 3 COLORS into those tweets (not every one but enough to notice):
Red
Blue
Yellow
Pay attention to the words and graphics on his tweets. They are veiled reference to his main plays in this cycle
Red= GME
Blue= CHWY
Yellow- DRUG (i've talked about this many times in the past but the Dog Days and Narco tweets are connected)
There is actually ONE MORE color that he weaves in but I will save that for another day
I'll stop there for now but go back and watch the Tweet stream on youtube and watch for those colors
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Morning!Casino will be open later
Still all about SYNERGY at this point
Still watching to see how this lower level count develops but expect micro support to hold
MOASS: 06/09 - 07/09
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More VIX shenanigans..should be over soonNote
Notice the continued movement of the VPOC off the lowNote
And thats a wrapSuper low volume..reminds of April of last year right before that runup :)
As for today...VIX shenanigans as part of continued portfolio balancing in response to BOJ/FOMC..as far as I can tell
GME held strong in spite and the count while definitely modular right now is coming together
Oh yeah Max Pain awareness by MMs is definitely a part of the story this week
Note the change in my MOASS call below btw
MOASS: 06/09 - 07/09 with a curtain call the first week in Aug
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Morning!Casino will be open later
Watching the VIX today as it will play a big part in what type of movement we see...that and Max Pain
MOASS: 06/09 - 07/09 with a curtain call the first week in Aug
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Looking good!I mentioned last week that I thought we make it to 24.50 this week and we've done that
Expecting a retracement back down to near Max Pain...but wouldnt be surprised if GME held above..lets see
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And thats a wrap!Yep..that was a good day and a good week!
Earnings should be rrreeeaalllyyy interesting
I'll talk about the particulars in the weekend update
MOASS: 06/09 - 07/09 with a curtain call first week in Aug
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.