Slowly seeing the fabric of the market come undone. Next week could be a vicious shock. As weird as it sounds these blips of illiquidity could be very bullish for the smooth brained silverbacks. Let's see how this plays out
Hi, what do you mean by "seeing the fabric of the market come undone"?
tabzaf1
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@LionWithNoMane, haven't you noticed? Every time GME spikes, the whole market tanks. GME going nuclear will trigger the massive market correction everyone is afraid off because market makers will have to sell off to become liquid causing a dip which will scare people into selling off thus tanking the market a fair bit.
Take a look at the option chain for the 19th of March for the big stocks and index. The premium for the puts spike massively then cliff dives the next week. Clearly big money is expecting things to blow up before or at the 19th.
SeaHawk_11
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Looking at 1h for last week, does this look like a formation of a falling wedge. In that case, this will start to shoot upside once it breaks the pattern - what do you think
ripnbya
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@SeaHawk_11, I see it and my 💎🤲 like it. 🚀🚀🚀 This whole Hedgefund squeeze will be one of the greatest for the History books. And there are going to be some rich Apes as well🤣
LionWithNoMane
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@SeaHawk_11, Could it not break the pattern downward?
SeaHawk_11
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@LionWithNoMane, From what I know, Falling wedge is mostly if not always Bullish.
LionWithNoMane
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@SeaHawk_11, But that's the thing with GME these days, it doesn't really follow any pattern. It seems completely outside of any model