We are continuing our call that MOASS is imminently on the horizon
Note the 0.618 and the 1 fib on the time axis of the chart
From a fib time perspective between those levels you tend to see explosive volatility ending in positive movement in the direction of the prevailing trend
We are predicting near term strength in the broad market as well which should help push GME along
We also think that by the end of the year the broad market will begin a massive trek lower which will put significant pressure on margin levels
This coupled with the fact that per recent reports Banks are carrying the largest levels EVER of unrealized losses on securities, should be the core ingredients that fuel shorts unwinding and MOASS commencing
Thats our story and we are sticking to it lol
Good Trading To All!
M O A S S
Note the 0.618 and the 1 fib on the time axis of the chart
From a fib time perspective between those levels you tend to see explosive volatility ending in positive movement in the direction of the prevailing trend
We are predicting near term strength in the broad market as well which should help push GME along
We also think that by the end of the year the broad market will begin a massive trek lower which will put significant pressure on margin levels
This coupled with the fact that per recent reports Banks are carrying the largest levels EVER of unrealized losses on securities, should be the core ingredients that fuel shorts unwinding and MOASS commencing
Thats our story and we are sticking to it lol
Good Trading To All!
M O A S S
Note
I think most are aware that XRT includes GME in its basket of stocksYou know how the GME community likes to point out how XRT has been and is currently shorted many times its float?
Well those shorts having to pay up is a key piece of the MOASS picture
If and when GME explodes then XRT will go with it
BTW- you see how we are predicting a massive move up to complete Wave 3 and then a huge retracement for Wave 4 and then another massive move up for Wave 5 end of this decade?
Well we think the catalyst for that massive Wave 5 move end of decade will be due to GME squeezing AGAIN..but we will deal with that after we deal with this current GME MOASS
Note
Morning!Casino will be open soon
Nothing much to add from the weekend update
Watching support/resistance/fibs and looking for volume to increase as we move towards the end of the week
M O A S S
Note
Moving as expectedP.S. almost done with the 20% move that we called for back the week of the 17th
Note
Should see this move back up to the 24 levelNote
And thats a wrap!Nice day!
Support held and we saw price move higher
Nice way to end the month!
Now we are on to October and as you see from the weekend update we think the action is about to kick into high gear
M O A S S
Note
Morning!Casino will be open shortly
Expecting another green day
Still expecting price to move up to the 24 area in the near term
Chart above works for now
M O A S S
Note
Should start to head up to 24 nowBroad market should be bottoming about now as well which will help
Note
Price got caught up it seems in the broader market weakness and retraced back down to micro supportBased on this new price action had to tweak a few things
Now targeting the 27-28 area next
Note
And thats a wrap!Saw some selling today but that was a good thing as the movement really clarified the price structure even further
Two words: LOOK HIGHER
M O A S S
Note
Morning!Casino will be open shortly
Not much to add other than price structure is definitely shaping up for this anticipated move higher
As usual volume, support, resistance are the keys
Chart above works for now
M O A S S
Note
And thats a wrap!Broad market still lacking direction which is definitely weighing on GME
Once the broad market gets moving GME should as well
M O A S S
Note
Morning!Casino will be open soon
Nothing new to add as we are still expecting price to bottom soon and get moving higher as the broad market finds direction
M O A S S
Note
And thats a wrapPretty quiet day but things are still in good shape
Price is just hanging out around support which makes sense because the broader market is meandering right now
We need 2 things right now to get moving: Volume and Volatility
Both are on the way though so just hodl tight
M O A S S
Note
Morning!Casino will be open shortly
We said yesterday that we needed two things to get price moving: Volume and Volatility
Well looks like the Jobs report is going to bring volatility to the market..now lets see if we can get the volume
Chart above works for now
M O A S S
Note
And thats a wrap!Saw volatility hit the market and the broad markets trying to find some direction
As we have been predicting the broader market is leaning bullish which should be the one of the catalyst that helps nudge GME higher
Still waiting for significant volume to flow back into GME...when it does: BOOM
M O A S S
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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.
Related publications
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.