Long

Updated

MOASS: WC: 32.31 Target: 1800-2400 MOASS: 47k-100K

TLDR

It's all about PRESSURE & TIME

:)

MOASS Peak: 06/09

Trade active

As mentioned in the video this first move up we get after we "BOOM" will coincide with another build up of pressure and when that releases we will "BOOM" again

And this is going to keep happening until the final release which will coincide with what will end up being MOASS

#HighLevelTA

Trade closed: target reached

The really astute folks are probably asking themselves how did I know in advance that pressure would begin to decline and bottom around that time?

Thats the other part of the puzzle

:)

Note

Time for another edition of Heartbeat Trading deciphers The Cats tweets.

Ok so you remember the now infamous "Dog Days of Summer" tweet that everyone assumes was just about Chewy?

Well it wasn't JUST about Chewy

It in fact told you what The Cat's next play was.

The last line in the clip goes, "Can you hear the horses because here they come".

Four days ago I told you that the Narco tweet was tied to the Wildcard and the Kansas Shuffle

Ok now what I want you to do is go look at the Narco tweet again then look at the chart below..

:)

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Here is an awesome chart that I will be using to track and show pressure building and releasing

Watch how price and the OBV react to the zones on the charts

Those zones are where will see explosions in price

In between the zones is where price runs

The OBV will build and releast almost exactly in the line with the zones

FYI- the two red lines coincide with MOASS peak and the last run that will mark the true end of the squeeze

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Morning!

Casino will be open later

It's time to watch what Pressure & Time look like in realtime

MOASS 06/09

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Public Service Announcement

Upon further review there is a slight tweak needed for the timing of our MOASS call

MOASS: Begins 06/09 - Ends 07-09 (FLIP MODE)

And on the day of the MOASS peak price will most likely top by 10am (still confirming this part)

MOASS:
Begins- 06/09
Ends- 07-09

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On a MICRO level

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Ok now lets see how price reacts to this build up and release of pressure

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And thats a wrap!

One of our resident shills in the comments telegraphed the down day today so this was expected lol

Again notice how like clockwork they pop their head out the dumpster to spread FUD lol

Broader market weakness is what held us down today ultimately...shorts just piggybacked on the broader bearish

BUT ITS ALL ABOUT PRESSURE & TIME FOLKS!

Bears had fun today...lets see if they are still having fun tomorrow...

See the OBV starting to turn up? :)

MOASS: 06/09 - 07/09

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Time for another episode of Heartbeat Trading interprets The Cats tweets

You know the Brittany Spears tweet?

She sings, "Give me a sign, hit me baby one more time" at the end

You probably already figured out that its connected to the SIGNS movie tweets, right?

You know those crop circles in the tweets that are overlaid with the GME logo?

Those aren't randomly arranged...those are dates :)

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We BOOM when the pressure gets released

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Or simply said the BOOM will coincide with a rise in the OBV

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Morning!

Casino will be open later

The upward movement in price and the OBV should continue today so we are going to keep it simple and focus on the Wave count today

In near term looking to see if we hold the 01/02 low

If we break it then the count would change slightly

Its countdown to glory people :)

MOASS: 06/09 - 07/09

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SYNERGY TIME

When SPX turns higher GME will too

:)

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And...here...we...go (I think lol)

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We are headed higher folks..

But why did I say, "Here we go"?

VWAPS are magnetic right now but the Chart explains

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Im sorta play-by-playing right now because the market is showing some really clear clues about its intention

As I said VWAPS are magnetic right now...why did I say that?

Notice SPX reaction to the VWAP...you should see it oscillate around the VWAP for a bit then we should move rapidly higher

Like I said the price is talking folks...

Why?

Because 90%+ of trading in markets is executed by algos and around or below VWAP is WHERE THEY ARE DESIGNED TO BUY/SELL

You will see the same thing with GME

This is why I said when SPX turns up..GME will move higher as well as GME needs broader market strength at key times to faciliate its moves higher

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Ok look at GME

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ALGOS are literally LOADING UP right now as price sits below VWAP :)

Watch

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Ok now look at the OBV in relation to what I just said about the ALGOs loading up :)

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Notice how the DVDI is bearish while the OBV continues to rise on this dip

That divergence is a HUGE sign that this dip is being bought up big time

:)

BTW- you do realize this is Hedgies/Market Makers taking advantage of market weakness as they try to position themselves to deal with the fallout from the 01/17 Op Ex right?

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Before I zoom back in, the sheer depth of this pullback leaves open the door to WAVE 5 of the ending diagonal having completed (shout out to the person in the comments who pointed on the possibility..you guys are learning :)

But as I told them price needs to prove itself before I shift to that position

With that said there is still some more proving to do...

I still expect SPX to head back up to near 6050-6099 and then see a MAJOR decline

So what we need to see is where is GME price when that decline in SPX happens

So for now im still running with the assumption that we still need to complete wave 5 up..

What would cause me to shift from that opinion?

If we explode THROUGH the 35-40 area BEFORE the SPX declines then ill definitely see things differently

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GAMETIME

Notice the VPOC moved again this time and it moved down to near where we are now

Notice after that the DVDI turned bullish

ANYTIME the VPOC moves it because there is a lot of activity at a level

The question is it Buying or Selling activity

The DVDI is what I use to clue me in again notice it turned bullish after the VPOC moved

As I said the ALGOs have been LOADING UP

We should start making our way higher after 1:30

Oh and notice the OBV :)

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Prepare for one more drop lower as we get closer to 1:30

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I noticed some on Reddit have made an interesting observation about price action on certain days around 1:45

I wonder if there is anything to that...?

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WOW look at that move in SPX

Like I told you the ALGOS were LOADING UP under the VWAP

FYI- from an Elliott Wave standpoint that is an absolutely beautiful bullish impulse wave..man i love this stuff

With that said SPX about to pullback and GME will as well and when that completes: HIGHER

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Pay attention to what happens to GME when SPX reaches the orange box overhead.

You are about to see the results off all of that time spent near VWAP

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Ok got the pullback in SPX that we were looking for..

Now we can make our way higher

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PUBLIC SERVICE ANNOUNCEMENT

I'm going to be live streaming on YOUTUBE after market close at 7pm EST

Based on the price action we are at a CRITICAL POINT in this saga

The rest of this week is shaping up to be EXPLOSIVE so we need to talk about what this push down means

Note

And thats a wrap!

Wow now that was a day

We have been expecting a move down to the "BOOM" area for weeks now but it came earlier than we anticipated

Does that mean now we BOOM?

It depends....ill talk about it more in the live stream but either way im expecting EXPLOSIVE movement up off this low

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The OBV is getting ready to tell the story on this

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Oh forgot to mention. You want to see something funny :)

Notice when the typical shills/trolls pop up out the dumpster slinging fud, then look at chartexchange.com and look at the shares being borrowed to short.

It is not an accident that around the times they start slinging fud SHARES ARE BORROWED and then price is immediately shorted down.

Like I said, they are predictable :)

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GOING LIVE ON YOUTUBE @ 7 est

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THANKS TO ALL WHO JOINED THE LIVE!!

We will do that again strategically at critical points in this journey

See you when the Casino opens in the morning

:)

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One last post for tonight as I remembered something I read about Diagonals

Going to give one alternative way to count this diagonal..it ends with a BOOM too

Here is what we have been tracking

Here is the alternative we talked about on the call

And here is the last one that may actually end up being the most accurate and this count most definitely leaves the door open for some weakness tomorrow..ALL 3 show an explosive move is near..like within the next 2-5 trading days near

Note

Morning!

Casino will be open later

PUBLIC SERVICE ANNOUNCEMENT:

BE ON HIGH ALERT AS AN EXPLOSIVE REVERSAL BACK TO THE UPSIDE IS IMMINENT

After a night of little sleep I am changing the count to consider Wave 5 COMPLETE on this diagonal

WHY? From an Elliott Wave perspective its more of an "Occam's Razor" thing

SO I AM PERSONALLY ON HIGH ALERT FOR PRICE TO SQUEEZE OVER THE NEXT FEW DAYS

MOASS: 06/09 - 07/09

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As we said weeks ago..70ish is next

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Two things:

1- we told you that GME would most likely develop into another diagonal after it turns higher and it has

2- At this point anytime you see GME pulling back you should know to go look and see what SPX is doing :)

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First target for this Diagonal

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Take a quick note at the purple and blue dotted vertical lines

Just a quick callout on where I think we will see some volatility

Lets see if anything changes when we get to those lines

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BTW- these are intra day points of interest..just have a feeling we see price move significantly around those times..lets see

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I should have pointed this out in the live stream but notice how price bounced right off the VPOC that I drew from where this latest diagonal started

That is SUPER TYPICAL!

Part of the reason Diagonals have such huge retracements is because as you see the VPOC on diagonals tends to make a home near the start of the first move in the diagonal structure...and price typical finds its way back to the VPOC during the lifecycle of the diagonal structure

So there you go..thats why diagonals come with deep retracements

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Add another purple line..

Lets see if they give us anything significant as far as movement

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And thats a wrap!

Had some good movement earlier and then in typical diagonal fashion, price retraced deeply..but you should be expecting that at this point

Couple of things I'm watching:

GME and SPX both gapped up this morning but only GME has filled that gap

What I'm watching is where is GME price when SPX decides to fill that gap

If SPX doesnt fill that gap pretty soon then that gap will act as an accelerator lower for SPX if/when it declines

BUT WITH THAT SAID

I'm expecting FIREWORKS END OF WEEK

MOASS: 06/09 - 07/09

Note

Why am I expecting IMMINENT fireworks?

Notice upward movement of this MAJOR VPOC

Thats an ABSOLUTELY HUGE sign that we are about to see some significant volatility

Mark my words...FIREWORKS END OF WEEK

What about next week?

BIGGER FIREWORKS :)

Note

Just thought I would revisit the call I made on Robinhood from back in the beginning of Nov

Elliott Waves on point lol

They are infamously connected to Gamestop so watching this playout is going to be glorious

Robinhood: Turned Off The Buy Button Now They Get Turned Off

Note

Morning!

Casino will be open later

PSA: WE ARE ON HIGH ALERT AT THIS POINT FOR A SQUEEZE

Simple as that

Take note of the blue vertical intraday lines

Thats when we expect a DISTINCT change in the price action

Get ready folks because the end of this week should give you a preview of whats coming next week

MOASS: 06/09 - 07/09

Note

Ok GME and the broader market are finding their footing

Note the continued divergence on the DVDI

We are setting up to move

Note

SYNERGY back on the menu

This on the surface looks like a bullish move incoming soon.

Expecting these lows to hold

Lets see how this plays out..im watching to see which Fibs we see a retracement as that will define structure and additional near term targets

Note

Ok price went down into the 1:30 timeframe and has now made it back to the VWAP

That VWAP should spring us higher when price finally breaks it

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Ok take a look at this view

Price will be attracted to each FIB above with some getting more attention that others

We may not get it but might as well expect a retracement at each one...we will see though

Either way these are all SUPER important levels for the next few weeks

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SUPER IMPORTANT CHART ALERT

So for those that watched the Livestream I told you that the dotted VPOC around 6050 is super important because its a line in the sand of sorts for where SPX is headed

As we have continually said we expect SPX to turn lower somewhere between 6050-6099

From there we see SPX experiencing a significant move lower which should see price break the Jan low

Pay close attention to where GME is if/when we get that decline

I will talk about it more in the weekend update

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think we are about to go up

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SPX final getting some legs

Keep telling you that until we officially squeeze we need strength in SPX to help us move higher

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Look at the volume delta

Massive short attack came in at 3:40

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Upon further review that was targeted selling more than shorting (there is a difference)

I say that because I don't see that any shares were borrowed around that time

Again that most likely is someone dumping their shares

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And thats a wrap!

Ok lets talk about today

The market and GME both showed strength early and then as is typical of the SYNERGY I preach about the market showed weakness and GME followed...for now :)

After GME made a new weekly low it moved and consolidated around the VWAP and VPOC from the low

That consolidation is a continued loading up by ALGO's (and any retail who is buying/selling)

After 1:30 did show significant volatility but we have see the change in trend...yet :)

So here is what I expect:

I expect tomorrow to give us a gap off the open and then we should see whipsawing until after lunch

I HAVE NO DOUBT THAT THE FLAG EMOJI POINTS TO INAUGURATION

Jan 17th OpEx ramifications is what will give us the VOLUME (thats whats missing and why we havent ran btw) that we need...and I expect us to see that manifest after lunch tomorrow

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VWAPS still have our back like I have been saying for months

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Oh btw that horizontal vwap in the middle of the screen that price is sitting on is the VWAP off the April 16th Low!

Dont know how I forgot to mention it but THAT VWAP is what's truly attracting price right now

THAT VWAP we wont see truly break until AFTER MOASS is done...you will see how important that VWAP is around probably 04/20.

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BE WARNED

Dont be surprised if we dont see them aggressively try to push this down to max pain

If you see a ton of shares being borrowed tomorrow then thats your sign

Do I think they will be successful?

NO..But...

From a structure perspective, after you see a wave 5 complete its totally normal to see a corrective move back to near or slightly below Wave 4...I covered this in the Live stream btw

Its no accident that the lower VWAPS sit right at the Wave 4 low...

So get ready..the next week starting tomorrow is going to be CRAZY

Note

FYI- I talk about the above general scenario at around the 31ish min mark on the Live stream from the other day

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Morning!

Casino will be open later

WATCH OUT!

A suspicious amount of new shares to borrow became available overnight and now 500k have been borrowed!

They are telegraphing that they are getting ready to try to push price down

You also know to expect the trolls/shills to pop up out the dumpster and sling FUD

DO NOT WORRY!

VWAPS GOT OUR BACK

Will they be able to push it to Max Pain?

We will all find out real soon

BUT.......

WHATEVER they do will be completely reversed in its entirety most likely next week

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They still have 400K shares out on borrow

Question is when are they going to use them

When SPX moves more that should cause them to show their hand

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Ok SPX is slowing making it up to that 6050-6099 level where I anticipate we see a significant pullback

Lets see if we get it

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:)

I dont get it right all the time but Im not going to steer you wrong

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Absolutely beautiful Bullish impulse wave

Should still head higher

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Ok this is about to get potentially SPICY

The micro target in this move up is over 30

30 call wall was specifically targeted earlier in the week by market makers to limit their potential exposure

Now I see why they are still holding onto those 400K borrowed shares :)

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Typical size pullback for GME considering the size of the bullish move

Time to go higher though

Slight tweak to account for the push lower

You know whats funny:

With the way this price structure and the market chain is setup right now, a simple tweet from The Cat would send this into the sky right now ala 12/05 lol

Note

And thats a wrap!

Get ready folks..

Step back and look at what we have been predicting here:

We have been saying for weeks and weeks that we would make it to the BOOM region around inauguration...and here we are

I thought we would see the drop we got this week during the week of inauguration....we got to it a week early

Now think about this..I said that the week after inauguration we would BOOM, right?

Well if the drop came early...that means the BOOM comes early too :)

So yes, BOOM NEXT WEEK and we will talk about it in the weekend video

MOASS: 06/09 - 07/09

Heartbeat_Trading

Also on:

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Gamestop- Idiosynchratic Systemic Risk

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MOASS: WC: 31.65 Target: 1800-2400 MOASS: 47k-100K

by Heartbeat_Trading

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Heartbeat_Trading

Also on:

Related publications

Gamestop- Idiosynchratic Systemic Risk

by Heartbeat_Trading

MOASS: WC: 31.65 Target: 1800-2400 MOASS: 47k-100K

by Heartbeat_Trading