Hi all,
imgur.com/a/vzFMBOa
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.
imgur.com/a/vzFMBOa
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.
Comment:
US gets downgraded by Fitch to AA+
Here's the Vix spike & SPY dump.
Next is GME pumping into a dying market to diffuse oversized moves upwards.
Here's the Vix spike & SPY dump.
Next is GME pumping into a dying market to diffuse oversized moves upwards.
Comment:
Vix spiked. SPY dumped as expected.
Comment:
1) Although it looks like it shouldn't, i believe that the bottom for GME will be in Today.
2) This should be verified by a Ryan Cohen Tweet Today/Tomorrow.
3) Next week Tuesday-ish we should see a GME pop
4) Vix should be $18-23 during the pop.
2) This should be verified by a Ryan Cohen Tweet Today/Tomorrow.
3) Next week Tuesday-ish we should see a GME pop
4) Vix should be $18-23 during the pop.
Comment:
The bottom's in.
Comment:
Dipping my feet in a bit although honestly i am expecting 18.xx in terms of price before anything. It's good to be safe.
Comment:
'm reviewing yesterday's data now that i'm home from work. We've had a minor breakdown of the trend as shown here.
imgur.com/A7xFDVx
Due to this, i expect that my chart that i've posted here on tradingview to play out as initially suspected:
1) GME is likely to continue downwards until Friday even as the rest of the market heads up.
2) GME would start to stabilize Monday-Tue Next week
3) A run would start Wednesday next week and last up to the 21'st of Aug until which point the horde of GME holders start selling CC's into the IV and cause the price to do it's normal thing for another 3-4 months.
In other new, it looks like we're going to have a January style slow squeeze where the price doesn't go beyond the $30's and slowly climbs for over 2-3 weeks instead of popping instantly upwards.
I've repositioned myself to capture this move now as short dated expiry options won't cut it with this kind of price run.
imgur.com/A7xFDVx
Due to this, i expect that my chart that i've posted here on tradingview to play out as initially suspected:
1) GME is likely to continue downwards until Friday even as the rest of the market heads up.
2) GME would start to stabilize Monday-Tue Next week
3) A run would start Wednesday next week and last up to the 21'st of Aug until which point the horde of GME holders start selling CC's into the IV and cause the price to do it's normal thing for another 3-4 months.
In other new, it looks like we're going to have a January style slow squeeze where the price doesn't go beyond the $30's and slowly climbs for over 2-3 weeks instead of popping instantly upwards.
I've repositioned myself to capture this move now as short dated expiry options won't cut it with this kind of price run.
Comment:
RC is a god damn monster. Right on time.
twitter.com/ryancohe.../1686913920630484992
A bit worried th at he's mentioning poo which is a sign of dumping. I've checked yesterday's data now that it's out and i'm seeing a complete breakdown in the trend indicating that a run is not happening. Instead we're going to another leg downwards. imgur.com/a/twO7eol
No runs happening in the next 2 weeks. Only downs. Closing this post off until it's time again...
The pre-requisite for a run to happen is for the blue line in my chart to go down a lot then sharply move upwards. In this case it started doing that but broke down. This indicates that we'll see very slight price improvement in a few days lie (3-4%) and then more death (-5% kind of days) until this thing decides to go.
The 18x PT seems more attainable now.
twitter.com/ryancohe.../1686913920630484992
A bit worried th at he's mentioning poo which is a sign of dumping. I've checked yesterday's data now that it's out and i'm seeing a complete breakdown in the trend indicating that a run is not happening. Instead we're going to another leg downwards. imgur.com/a/twO7eol
No runs happening in the next 2 weeks. Only downs. Closing this post off until it's time again...
The pre-requisite for a run to happen is for the blue line in my chart to go down a lot then sharply move upwards. In this case it started doing that but broke down. This indicates that we'll see very slight price improvement in a few days lie (3-4%) and then more death (-5% kind of days) until this thing decides to go.
The 18x PT seems more attainable now.
Order cancelled:
Will be closing off my positions today with a nice loss to spreads. Sorry for the false positive.
The pop itself can happen next week and may be a slow price increase until the 28'th of August OR could be a quick sudden 1-2 day pop just next week.
Be positioned appropriately to not be burned by this. Try spreads. They're safer for both sides.