$GME - Down, then upHi all,
imgur.com
Basically blue is a leading indicator that shows what will happen before with GME's price before it happens.
According to it, the price is going to go down, then in ~2-3 days it will bottom out. After this point it'll shoot up a lot. That's it.
Things to be wary of:
1) Historically, GME shorts like to cover into an elevated Vix.
2) Historically, GME shorts like to cover into a dying market.
Knowing that there is a move UP next week for GME would mean that Vix is expected to spike up and SPY is expected to start dropping. Position yourselves accordingly.
GME is not the one causing all of this, GME is simply left as last to be covered into a dying market in order to defuse the magnitude of the price pop. This is pretty clever.
That's it. I expect the bottom to be in by Friday 04 Aug. I expect a pop sometime next week.
This one is going to be a bit early where normally this pop would happen just after IEP's dividend e.g around the 21'st of Aug.
The data suggests a sudden 1-2 day pop on one side. It may also suggest a possible big initial pop and slow upwards move into the 25'th of Aug before reversing.
Do with this information what you will.
Good luck.
