GameStop
Long
Updated

MOASS: WC: 26.90 Target: 1800-2400 MOASS: 47k-100K

Time stamps:

  • Intro: 0-1
  • Near term expectations: 1-4
  • The Cat & RC Tweets: 4-9
  • Feb 3rd Green Line & Expectations: 9-11
  • Proper Trading Expectations: 11-27 (most will skip this but I will know if you did by the questions you ask me lol)
  • What's Next: 27-39
  • Future Tweets from The Cat & RC: 39-43
  • Next up from Heartbeat Trading: 43-26
  • :) 46-End
Trade active
Time for another episode of Heartbeat Trading interprets The Cats tweets:

So remember when I told you that the first explosion in the emoji timeline was related to one of The Cats other plays: DRUG

BUT..the first explosion emoji ties to GME as well..and the other plays in the Kansas City Shuffle

Think of it this way:

April/May GME runup= first explosion emoji in the timeline
June/July MOASS= second explosion emoji in the timeline

The other plays in the KC shuffle/Wildcard will have 2 explosive periods of movement as well

:)

Trade closed: target reached


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Like I said

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It's obvious that the significant downturn that I have been predicting will more than likely take shape tomorrow across markets

Stay calm..the VWAPS have our back..WATCH :)

FUD IS GOING TO BE RIDICULOUS....I TOLD YOU IT WAS COMING...IGNORE IT

Market downturn will most likely be brief..2-3 days and then should quickly turn..expect a V shaped recovery

GME will turn first most likely though..and when we turn...we should start a pretty aggressive move higher..

MOASS: 06/09 - 07/09

LETS GO!!!!!!

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Morning!

Casino will be open later

At this point all we can do is let price do what it does

Lets get past today and tomorrow and things should look different

BTW looks like that support area I have been calling out is going to be important...thats also where im LOADING UP

:) Pressure and TIme

MOASS: 06/09 - 07/09

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PSA:

Will be watching price for a bit on my youtube channel..no audio commentary as price will be talking and I plan to listen to it :)
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Watching at market open
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BTW...notice how the media keeps changing the reason the market is weak lol

First is was the Yen Carry Trade

Then it was Deepseek

NOW its Tariffs

This is a perfect example of what makes Elliott Wave Theory (EWT) so powerful

EWT teaches that price moves on sentiment and external (ie. exogenous) catalysts (e.g. tariffs, carry trade) just push price in the direction it was already likely to head based on underlying sentiment.
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As expected so far.

Mainly have my eyes on the 25 level as I think the closer we get to that level the closer we are to bottoming

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Still in the SPXU trade btw..planning to flip that position and roll into GME

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Thinking we continue see downward pressure throughout the rest of the day..lets see

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Take of the "support within support" box and its alignment with the fibs.

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And thats a wrap!

Well things have gone almost exactly how I anticipated

Price is squarely in the support region that we had previously called out

Still think we end up possibly below 25 so take note of the smaller support box for potential lower targets

With that said I think that push higher in the market was yet another BULL TRAP

I fully expect SPX to basically dump lower tomorrow and Wed..

The yellow lines show the path i think both take

But after all of this selling is over...WE SHOULD RUN

MOASS: 06/09 - 07/09

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Morning!

Casino will be open later

We are really closing to bottoming as far as I can tell

MOASS: 06/09 - 07/09

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Just so we are clear this is where I think we head after we bottom

When do we get there?

No idea! But like I have been saying I think the first half of this month will bring pretty rapid price improvement

With that said, don't be afraid to roll those options because im sure thats why some are so interested in exact price levels by certain times...Ive said repeatedly that THETA is your enemy and to give yourselves time.

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PSA:

No Live Stream Today

Just watch the 25 level.

The closer we get to that level the closer we are to a bottom as far as I can see.

BUT DO KNOW THIS:

From an Elliott Wave standpoint the pattern im tracking is pretty full so i'm expecting this turn at any point.

As i told you before I view any dips below the 01/21 low as a major signal telling me to BUY and as you saw in the livestream yesterday i'm practicing what im preaching.

So im loading up right now on shares and contracts...that should tell you what I expect to happen

#talkischeap

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Real quick for those playing options:

With the way GME moves you might want to use THETA to your advantage

If you are impatient and want to play a dangerous dance with THETA then use Extrinsic Value to your advantage

But ultimately what you choose says a lot about your risk profile (not a knock..i take tons of risky trades) and the only thing I would add is be sure your RISK MANAGEMENT is air tight either way.

Its not about what you make..its about what you protect and keep

#CapitalPreservation
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Ok the market wants to go higher it needs to hold right here where its at...this is the BULLS chance

If they cant defend this level then down SPX goes..and i expect it to drop fairly aggressively

Lets see...

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Please be careful if you are have any extremely shorted dated LONG plays in the market

This just feels like a huge BULL TRAP..

RISK MANAGEMENT is key

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Well looks like 1:30 may again be a significant time from a volatility standpoint.

Still trying to figure how to determine when 1:30 is going to be important and when its not...hmmnn

Be careful and good trading to you all!

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BTW- FOR ME...what we are seeing all but proves I was right about what The Cats last tweet was about

I stand on that it was about this market weakness...and all things considered it should be wrapping up fairly soon

Like I said this downturn is going to ultimately be seen as very brief..compared to something more significant like 2020 or 2008 (although we think something as significant is on tap for later this year)

Patience Patience Patience...We are almost there
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Get ready..appears to be setting up for a move lower

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Im not a Wyckoff trader but like R.N. Elliott I can see what Wyckoff noticed about price consolidation and structure

Look at GME above and then go lookup Wyckoff distribution patterns...fascinating stuff
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Guess its "distributing"..no seriously though we are getting a push lower it seems

Notice that the market hasn't even dropped yet

That makes me think we are heading under 25 like I thought

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How i see things moving for GME on a micro level.

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And thats a wrap!

This is taking a little longer than I anticipated but what you should really be focused on is the fact that I said both the market and GME were weak and were more than likely headed lower

And as you see NEITHER has moved significantly higher yet

So I will continue to call for lower on BOTH until they show strength

So please be careful if you are long as I have see my fair share of BULL TRAPS in my trading life and boy this smells like one

PREDICTION: TOMORROW IS UGLY IN MARKET

And im showing that I believe that by my trading.

MOASS: 06/09 - 07/09

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Morning!

Casino will be open later

Still think the market (SPX) heads lower today but the BULLS do have a chance to push price higher

But until I see new ATH's on SPX my bias is lower

GME definitely seems close to bottoming..just waiting on SPX at this point

MOASS: 06/09 - 07/09

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FYI- I am loading up right now.

:)

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If you are wondering if i trust this push higher on SPX...I DO NOT

The depth of this retracement higher leads me to believe price is forming an Ending Diagonal as a presumptive C Wave lower

If thats correct, which I think it is ( a break above ATHs would invalidate this), then we are setting up for a pretty volatile move lower

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BE CAREFUL IF YOU ARE LONG ANYTHING SHORT DATED
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Remember in the past 2 weekend updates I said that GME would most likely bottom before SPX?

Its looking like that may happen...

Remember its about synergy when it counts though so Im closely watching structure right now on both

Price has to prove itself...and im not convinced....yet

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Well I fully expected the market to be much more RED today than its been so far..hmmn

Here's what concerns me about this price action:

The higher and longer it goes without any real conviction..the more volatile this drop will be if and when it happens

So my prediction on TODAY being ugly has not manifested as of yet across markets...

BUT...everything i'm looking at tells me I should I still be expecting a VERY RED day in markets..and IMMINENTLY..

STAY SHARP!

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Just so you know I have been tracking a smaller diagonal in SPX that I'm expecting to complete with a push lower

This is part of a larger ending diagonal that I outlined earlier

If this is correct then like I said, stay sharp as diagonals come with swift and deep retracements as I always say..

I hope Im wrong

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And thats a wrap!

Market on edge folks...you dont have to believe me but this lack of significant movement is talking to me...

I would be very happy to be wrong

As far as GME its super close to bottoming...I loaded up on 2450 shares exactly today with a cost basis of approx 25.10... with one more buy order outstanding at this point at the 24.80 level. Also grabbed some contracts but i'm going to leave those details to myself :)

MOASS; 06/09 - 07/09

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Someone asked a particularly GREAT question below:

To paraphrase they asked, "Why are you buying, this doesnt look like a good time to buy"

These 2 quotes and the article below sum things up nicely:

"Buy when there is blood in the street"

"Be greedy when others are fearful"

investopedia.com/articles/financial-theory/08/contrarian-investing.asp
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BTW the other HUGE reason I am buying is because I believe in Elliott Wave Theory and my trading and the price structure is right in the sweet spot FOR ME based on my analysis
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You know the real reason I love Elliott Wave Theory? Because at its core its an exploration of human psychology. I've said on multiple occasions that we are completing Wave 2's on multiple degrees (i.e. timeframes) and that when its done we will start what is typically the most POWERFUL move in the 5 Wave Impulse structure- Wave 3.

Whats interesting is despite a recent 60% move and a current price that is >100% than last years low...FUD is rampant in the GME community right now

And whats TRULY interesting and flat out fascinating to me is how, yet again, Elliott Wave Theory, explains WHY a lot in the community JUST DONT TRUST THE PRICE

The Elliott Wave Principle by Frost & Prechter is the bible to us EWT folks

I'll paraphrase good ole' Bob Prechter and tell you how they described Wave 2's

"Wave 2 is characterized by intense emotions—fear, skepticism, and even panic—as the market struggles to reconcile the emerging bullish signals with entrenched bearish expectations. The prevailing sentiment is one of disbelief: “This rally must be temporary,” they insist, even as the fundamentals (or the market’s underlying dynamics) begin to change."

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Morning!

Casino will be open later

Ive said for months now that the VWAPS have our back on any retracements

I showed I believe in it and EWT by the sheer amount of shares and contracts I bought yesterday

Now I have to manage those trades because I cant predict the future :)

Should you Buy/Hold right now?

Only you can answer that question but this I know:

You better know WHY you are buying/selling...like truly WHY..what gave you the confidence to do what you did?

MOASS: 06/09 - 07/09

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Here's a view that makes me :)

Remember the indicator that I'm developing and showed at the end of last weekends update?

Remember that I told you it looks at high volume settlement days in the past (grey lines) and projects (i.e. the blue lines) when we will see price move in the future based on that activity

I have it set to show me settlement stuff taking place in the immediate future and well notice all the BLUE lines that start next monday... and then notice that the indicators are all bottoming and ripe to turn up..in particular notice how the DVDI is still well above the zero line which should be interpreted as price being STRONG

:)

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Something I read this morning about Wave 2 psychology:

"Despite the seemingly pessimistic retracement, Wave 2 is essential. It “clears the deck” by shaking out weak hands and emotional traders who remain attached to the old trend. This process, though painful in the short term, ultimately prepares the market for Wave 3—a phase typically marked by strong, confident movement driven by those who had the courage (or foresight) to stick with the emerging trend."
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Lets see...

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Ok that pattern broke down as it looks like price needs to make another low before we truly turn

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Take note of the level and red VPOC the white arrow has been pointing to for over a week

I think we are about to see why i called it out

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That VPOC is at approx 24.64
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Ill make this simple

When we break that yellow VWAP we should keep going

Remember a break is more than a peek above it..break implies we are making higher highs and lows above it

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Once more dip lower most likely and then FOR ME im watching for a break of the yellow VWAP.

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Ok thats what I was waiting on..now lets see

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This is a micro count so we need to see if it holds

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And thats a wrap!

Looking good!

Notice how price reacted to the yellow VWAP..like I said..we need to break that

But when we do..... :)

MOASS: 06/09 - 07/09

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PSA: Ignore the trolls (bless your little hearts lol) and obvious non-traders (you didnt buy because of Analyst(s).."Sell Rating"..lol). I only responded to show everyone that once you get past the trolling and the parroting of Reddit/Main Street Media talking points these people have no real thesis..at least nothing that they have proven for themselves. They are not traders...they are PREY for Shorts, Market Makers and Scammers.

As I always say..notice they only TALK...THEY NEVER SHOW

:)

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Morning!

Casino will be open later

Question of the day:

Has GME bottomed?

No idea but we are about to find out together.

MOASS: 06/09 - 07/09

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Ok tweaked this MICRO fib based on the latest action

GME is in a bottoming phase so you have to give it time.

Lets see if the low holds

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If the market wants to "stick save" here's its chance

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Notice all the green on the DVDI

We are close

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And thats a wrap!

You can blame the SPX and the fact that its developed into a diagonal as to why this is dragging out

Ive told you for months now that diagonal structures take their sweet time completing..and just our luck SPX forms a diagonal lol

GME is hanging out near that red VPOC near 24.64 that ive had called out for weeks...now you see why I called it out

The good thing is despite the overall market shakiness..we are holding level :)

I'll talk more about what this all means in the weekend update but the long of it is as soon the market regains some legs (it will as far as I can see) GME will run..in fact based on the price action I still predict that GME WILL TURN FIRST

MOASS: 06/09 - 07/09

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