AMC - Banana Daiquiris for SELLERsOnce again, AMC begins the all important test of Support.
It will fail.
This Bankrupt J U N K has little support immediately below.
The Apes will begin to panic this week, creating a Vortex of
Selling pressure unimaginable to most.
Diamond Hands turn to dust, paper HODLers will jump ship
and that will send Price well below the most recent lows.
Chopping along at lows, ready for the break.
31.88 lets go and let the games begin!
GME
BTC Teethers to the real market....is there a correlation? In this first of many videos I have gone through a list of 100+ stocks and marked the placement of the teethers and the actual price point at the time I marked them. I will filter down this list to any stock I see a underlying correlation to the price action of the stock. I have used this technique to predict the bottom of bitcoin when it hit $30k and bounced. So basically finding the bottom twice with extreme accuracy. I actually believe I have some Ideas posted showing this bounce. and also some ideas showing where it would go afterwards. Being that bitcoin is above $42k I believe my 6 predictions leading up to it plus the two bounces at the bottom were all correct.
So I had a wild Idea....what if there is some correlation to the real market. A lot of companies are invested in bitcoin these days and a lot of institutional buying is also invested in bitcoin. If algos are trading bitcoin then it would be my belief that there is a correlation to the market and crypto through the algos that are being used. If a major institution is trading btc using its algo, and it is also trading the regular market, it would probably show in the price action in the same way. In just this first video, I think I prove that.
You are welcome to try and recreate what I have done here but I have acquired savant syndrome, I doubt you will see it the same way I do. There really is nothing to what I am doing that is special. I am just analyzing what I see, comparing that to the curve, wyckoff methodology, Candle stick technical analysis, Node analysis, and pattern recognition.
It takes me about 30 mins just to upload a video to Tradingview. So this will be 1 of probably 15 videos over a months time most likely an on going thing after the initial set that covers the first look. I will have to continuously adjust the list of the stocks that are showing some type of correlation to the BTC Teethers. Then Come up with an Ideology of how to interpret which lines are interacting with Price Action on each stock. If there is a Strong Correlation or a slight. Then come up with a test to really see if this stands up as a solid indicator. If anyone would like to help fund this, it would be much appreciated as it would take up 8-12 hours a day for months if not years. Finding early results would be easy but really finding out how this plays our will take months, each stock. Contact me here if you are interested in helping and I will post you in the credits plus give you first hand review of all the findings as I go through them. Thanks for watching.
by iCantw84it
08.17.2021
Head and shoulders reversal pattern completes by next weekIt's been said that copper XCUUSD has a PhD in economics because of its predictive price action. In other words, what happens to copper tends to happen to the markets at large. That's why I always keep it on my radar. If this reversal signal completes there are plenty of structural fundamental reasons why we might see a rather devastating downward movement. I should add that this signal should complete in lockstep with the time frame that reputable analysts and bankers have predicted will bring a very nasty downturn.
Our markets have been propped up for quite some time. In the shadows of the bullish sentiment that the market's given us in this Fed-fueled run-up, there are now voices echoing caution about the big banks being over-leveraged on certain famously over-leveraged short positions that are getting louder and louder every day.
Some of these more precarious over-leveraged positions have been accomplished through share lending/borrowing/rehypothecation. That is the artificial dilution of a company's stock, supposedly performed as a service, by bad actors like Citadel. That practice has long been suspected to have been done to keep share prices of certain securities artificially low. These are securities were assumed to be dead in the water because of COVID, barely living carcasses being picked apart by scavengers. It's rumored that Citadel et al, expecting shareholders to be easily scared off by their vulnerable business models, had taken naked short positions in these securities. What with their artificially diluting them and somewhat sentient shareholders able to see the writing on the wall, these bad actors thought they'd be able to run the companies into the ground and they'd feast on what was left.
For example, there is a statistical probability that there are shares in excess of all the shares ever issued by AMC in shareholder accounts right this moment. You can't get there without the creation of synthetic shares, of course, and there are only a few way synthetic shares get created. It certainly isn't because of little Joey Rosenblatt playing with his Bar Mitvah money on Robinhood, is it?
The really bad news for those who've engaged in creating synthetic dilution is that there's been a grass-roots share count. It's been verified by a software called Plaid threads with brokerage APIs to show how many shares there are in participating shareholder accounts. The count finished this past Sunday and at the minimum there are 3X the issued shares out there. This can only be accomplished through methods available exclusively to big players like CItadel. It's due to share lending, rehypothecation, and ETF arbitrage. That's a big, big mothereffin problem. They're going to eventually have to buy those back to close those positions. And that's just AMC.
Let's turn to another similarly f'd up naked short position...
Janet Yellen, in her side-job working as Secretary of the Treasury, has been quietly fighting crypto provisions in the new infrastructure bill to protect her true masters at Citadel. If you didn't know, she's doubled her net worth in the past couple of years by capitalizing on her ability to influence what happens with regard to monetary policy. One thing we know for sure is that no one talking at their computer has ever made that much money doing it for so little time. At least, not with their clothes on. Certainly no one with that much to offer in terms of information and/or influence big banks would want with regard to the US government.
Why does the crypto provision draw so much of our attention? Because the US government wants to try to centralize crypto. One reason why that's significant right now is that a similarly over-leveraged security, GameStop GME, is believed to have at least as many synthetic shares in shareholder accounts as AMC. The percentage of synthetic shares may dwarf those of AMC, and the new head honcho seems to be preparing to bring the company into the blockchain space. The major concern that anyone over-leveraged in their short position would have with this is that it's up to those with short positions to pay any dividend a company might issue on a one-to-one dividend-to-share basis. If the company decides the dividend is to be something that can't be expressed in dollars and cents, but something that can only be expressed in 1s and 0s, then that can lead to a share count. If that happens then the synthetic shares that had been created to short the company will come to light, it will reveal the true supply/demand relationship, and thereby price discovery will follow.
Due to legal gags on information about official share counts there's no way for the public at large to know for sure how many synthetic shares have actually been created. There are those who know but they aren't allowed to tell anyone. Before you ask, yes, they're still allowed to describe it as a free market despite this bullshit, totally insane practice of hiding the true supply and demand. What we know is that they've done everything they can to get shareholders to sell. They've been routing buy orders away from lit markets to keep those purchases from creating upward pressure on the price action. They've been flooding both mainstream and social media with all kinds of misinformation and purposefully misleading asshattery. These efforts alone have been glaringly conspicuous, laughable in how poorly hidden they've been. They've tried and failed time and time again.
Shareholders aren't selling.
And all this time the premiums on their short positions, all the fees for their borrowed shares, it bleeds them continuously. While they've been dripping dry the shareholders continue to buy more and convince others to do so.
All this at the same time as a housing crisis once again looms, big banks break records selling bonds, and a cresting tidal wave slowly towers over the coastline.
Or I'm wrong and copper's fine. This is just me seeing, ya know, what I want. Or something.
AMC - Pump - dump to 28.32 next.Have to hand it to the determined Apes.
They believe their own narrative - TTM.
The banter is entertaining at minimum.
"Better Cover"
No, no need.
When you execute a trade plan, everything
is preset:
Including drawdowns.
The first rule of Management...
Enjoy the daylight while you can... the shadow pool is a comin.
GME is on the brink of collapse!Good news everyone!
My broker offers GME now. The spread is 40c.
And by experience I would say the GME pyramid scheme is likely to be about to fall.
I would love to short this bag, but it is very volatile that is the problem.
I need to compare it to some other examples. Especially since the stock market is not my core activity.
Compare it to some stocks but not only. This is no longer a share but a gambling ticket. I'm more experienced with those fortunately.
The technic here will be the same as retail gambling lotery tickets and not some hedge fund.
This one is not very mainstream
Another popular mainstream "investment" (like Enron)
The more "dumb money" involed, the bigger the retraces?
Tesla is really dangerous it goes beyond the "dumb money" bag/gamble. It is a cult with a prophet that is very skilled at manipulating.
Ah this science religion. Tech just really has been stagnating for a while. We get hit by a cold virus and suddenly the world is paralyzed.
These cultists honestly think because you can download an app on your smartphone we will experience eternal life, kek.
GME bagholders are on the verge of breaking.
And then later this
The issue is, can't pinpoint the top. Maybe they'll be a small distribution?
There is time for the big short, right now short term. And later on we'll look into the big one more.
As scientists say "more research is needed on the subject".
Either some distribution at the top of some kind (if that even works) or simple wait for the downtrend to start and short on a sucker rally.
A couple more screenshots
A legend of bagholding (and bulls arguing):
My favorite...
There is a danger with bag chasing gamblers but fortunately they also provide a solution, they act as resistance.
The more ignorant gamblers act tough by proudly saying they bought and will keep buying to "beat the damn bears", the safer it is to short 😉
GAMESTOP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
GME is sitting around a strong support zone in blue so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: GME is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, GME would be overall bearish can still trade lower inside the zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NQ - How many Taps @ 15170 are requiredTECH is a messy trade, the APEs, Fanbios and Degenerate Gamblers
fail to see the structure, instead preferring to tout ATH after ATH.
Irrelevant with respect to the larger picture which has clearly formed.
The TECH Equities operate on Balance, TSLA is attempting to force a fill
that requires the 780s to trade.
Overlapping rotation from high to low end of balance.
Consolidation range for break is the Market Depth, there are subtle
nuances which clearly show the structure of the Distribution.
It does not indicate CONfidence nor steady... tight ranges of push/pull
demonstrate a LACK of CONFidence.
TSLA remains a prime example of what's wrong with Market Structure.
How is Tesla making new highs?
Traders are choosing to ignore placing the wrong trade at the wrong time.
Decisions are being made the Level is Long and yet the majority of the Volume
is symmetric and small.
The Profile is Long for a breakout.
The Balance is leading to excess.
It is as plain as day, right in the charts and OBV.
Tesla is simply exhibiting exactly the same setup as the NQ.
When the strafing begins, the Targets are always the opposing measured move
back to balance.
"The Markets will keep going up until the FED does something absolute."
Potentially, but not always.
This is what the Market Structure is exhibiting.
Momentum Buyers chasing big green bars...
This never ends well. Sellers are not running out of Bullets, they are patiently
buying time to participate in the reversal of VOL CRUSH.
This has happened time and again prior to key moves in prior quick, dramatic
corrections.
A look above, a head fake and fail.
The Potential is extreme.
D I S T R I B U T I O N
Correction inbound?In 2008 over leverage of 440 billion, to todays (2021) 900 billion.
2008 inflation rate 2021
May 4.2 April 4.2
June 5.0 May 5.0
July 5.6 June 5.4
August 5.4 July 5.4
Sure just numbers right? Lets look at the months prior to the big change
2008 2021
January 4.3 January 1.4
Feb 4.0 Feb 1.7
March 4.0 March 2.6
April 3.9 April 4.2
The percentages in 2008 were slow yet very high. In 2021 we went from one extreme to another.
Banks selling assets, at an unfathomable amount and rate
** reverse repurchases exceeding 1 trillion a day for the second time this year and will probably do so again today
SEC, DTCC, and SSTC passing rules and regulations at an unprecedented rate
Massive amounts of covid-19 relief money infused by new investors Crooked brokerages working with one of the largest market makers who now know your every move.
Naked shorts, and meme stocks. Failure to delivers
US 10yr rate approaching 1.0 return
2 WEEK RANGE
0.608 - 1.778
PRICE 99 1/32
Please add if I am missing any other signs that point to a 20 to 30% market CORRECTION ( Not a bear Market).
All of these things and if you look at the SPY Chart, even when nobody was working and freeways were dead and police officers were stopping no one from speeding, the SPY chart looks like a ramp Evil K'nevil wouldn't jump from.
Let's also remember we have 10.8 million US households that are going to be affected by the rent moratorium expiring on 08-31-21 with a congress that is adjourned for the next 7 weeks ( I want seven weeks off) . That's 1 out of every 6 renters ready to be evicted from their dwellings.
Also we have debt ceiling about to be breached.
AMC Chart Update - One for the Apes!!!! Not Financial Advice !!!!! AMC seems to be forming a reversal wedge pattern. This would fall in line with the earnings report for Q2 being released next week. Given the jump in share price from May to July this should indicate an increase in equity netting off some losses the company may have had. The pattern shows a possible scenario within the next 2 weeks if it plays out. I will keep everyone updated as we go along.
Retail gamblers lifesavings got ... katapulted away!This virtual e-commerce company with virtual profits let everyone know how many millions they lost yesterday / this night.
This is what happens when bad investors refuse to cut their losses. Now here we go with "class action lawsuit" whining.
And today in "I put a bunch of tech catch words together which doesn't mean anything but attract suckers" awards, I present:
"With Katapult, you get a cutting-edge lease to own option built for you, with no credit required. You can apply using our intuitive online process in-store or at home while shopping online. Our flexible pay-over-time options coordinate with your pay dates. So, you can make payments when you have the cash."
In todays best rektage, there are a few other examples.
Metromile
The investors most certainly are not smiling here
You may note how it consistently retraces to around 61.8% before the big fall.
I don't do stocks, or not much, maybe I should, I wish I knew about these free money garbage companies.
But I do know about GME, it was on the news and all. And it too has potential, with lots of bagholders.
Those companies are troll shell companies with
- NO PROFIT
- NO MARKET
- NO GROWTH POTENTIAL
- NO PURPOSE (OTHER THAN SCAM BAGHOLDERS)
- NO USEFULNESS TO SOCIETY
The kind of company that goes up is obvious. Here. Pfizer is at all time high already! Simple.
Gamestop went up because of the short squeeze and that is long over. There are no shorts left (there are but less than 1/10 of what used to be).
The trolls holding now are 100% irrational. They have loss aversion and that's it.
By the way, Moderna is the best performing "asset" this year.
It is the best performing stock in the S&P 500 AND it's price to earnings is still cheap.
Watching TESLA's Trend ChannelNASDAQ:TSLA
Here is my working hypothesis for TSLA from only what the technicals are presenting.
This stock has a very dedicated and ever-growing retail base that has more of a buy-and-hold view rather than trading typical price action. What's making the difference for me is that TESLA share holders are also buyers and believers in the company. They love their tesla products much like apple consumers love their devices and "ecosystem" which they can live in. This holds in an incredible amount of value not plotted by traditional charts or technical analysis. The class of these individuals are also considerably higher than that of traditional consumers who buy and hold stocks they know but don't have any attachment too. It will be interesting to see how this plays out but I believe that institutional investors would already be keen to this theory and already profiting from it nicely.
In the bullish scenario here, I would be targeting the upper trend channel that's newly developed from our recent breakout.
Good luck and enjoy the markets.
$PBTS Squeeze$PBTS squeeze inbound, heavily shorted. Check charts and short interest and shares available
KOSS and 85-day cycleKOSS chart shows ~85 days between the two most recent highs i.e. March 10 to June 2.
And note that 85 days from the last low is today August 4th. Let's see if KOSS takes off soon.
My thought is it will move up starting next week on the 9th or 10th, however the BBs are really tight in multiple time frames and KOSS is squeezing into a long term triangle.
Tick Tock.
FIGS - LOOKING FOR $46 - Great FinancialsAll,
Firstly, FIGS is THE hot commodity in the healthcare sector. All major doctors, dentists, surgeons love and buy only FIGS no joke. They are a high quality brand and actually a decent company. FIGS looks ready to pop on confluence support here and wedge. We will see, keep an eye out. See financials below, but I would consider them undervalued here by about $5-$10. I could see FIGS at some point in time being near $100 stock if they keep up their revenue and hype with healthcare workers.
Entry #1: now 5% stop
Entry #2: break of wedge w/ trailing stop
Entry #3: wait for wedge break and see what happens on previous channel retest fail (late entry on break 40-41$ vs now.
Could also of couse go down so do your DD
Financials (Almost all good)
**High ROE: FIGS's Return on Equity (49.9%) is considered outstanding.
PE--
PE vs Industry: FIGS is good value based on its PE Ratio (11x) compared to the US Medical Equipment industry average (48.9x).
PE vs Market: FIGS is good value based on its PE Ratio (11x) compared to the US market (17.9x).
ER/Revenue--
Earnings vs Savings Rate: FIGS's forecast earnings growth (40.2% per year) is above the savings rate (2%).
Earnings vs Market: FIGS's earnings (40.2% per year) are forecast to grow faster than the US market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FIGS's revenue (27.6% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: FIGS's revenue (27.6% per year) is forecast to grow faster than 20% per year.
Debt--
Short Term Liabilities: FIGS's short term assets ($146.3M) exceed its short term liabilities ($43.4M).
Long Term Liabilities: FIGS's short term assets ($146.3M) exceed its long term liabilities ($3.6M).
$SQBG Short Squeeze Inbound Low float Low float + 0 shares left to short. Squeeze
Squeeze inbound check short data and interest
YoU SAIiD GME wOuLD' MOON ToDaY!!I say that everyday :)
GME is almost there and ready for the turn back up.
Indicators continue to support a turn up soon and the presented EW count has wave 5 dn ending later this week.
Expectation is e of 5 will be similar to a . See Chart.
GME has high volume support in this price range from May and earlier this year. Idea = HODL
Not financial advice.