Meme.
So the narrative for $GME, a brick and mortar store that has been closing down shops since the start of the Big Coof, is that a community of traders all agree to buy the stock and its calls, forcing price to go up and MMs/dealers to purchase shares themselves to hedge against exercised calls.
What the chart is: GME share price divided by the M1 money supply.
Now, the false party is over.
So the narrative for $GME, a brick and mortar store that has been closing down shops since the start of the Big Coof, is that a community of traders all agree to buy the stock and its calls, forcing price to go up and MMs/dealers to purchase shares themselves to hedge against exercised calls.
What the chart is: GME share price divided by the M1 money supply.
Now, the false party is over.
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)