General Timestamps
KEY DATES:
- Intro/Flag Emoji: 1-6
- RK Next Tweet: 6-8
- What we saw this week: 8-15
- Whats coming next: 15-17, 30-31
- Tracking MOASS: 17-43, Green Vertical Lines 38-42
- Top Targets, Market Cap, Fundamentals & Talking Heads: 43-49
- Have a trade plan: 49-55
- Indicators: 49-60
KEY DATES:
- 01/21
- 02/03
- 02/20
- 03/10
- 04/21
- 04/28
- 05/30
- 06/09 (MOASS)
- 06/23
- 07/09
Trade active
Was going to drop this tomorrow but here are major points im watching for this coming weekTrade closed: target reached
PUBLIC SERVICE ANNOUNCEMENTSTRONGLY feel a downside move in the market is imminent..most likely tomorrow
GME structure leaves open the door to another push lower
I expect this to look something like what we got last TUESDAY (01/14)
They still have I believe 400k shares out on borrow as I type this and I expect them to use them
This should take us down to the MAIN green VWAP
AND THAT WILL BE THE POINT WE EXPLODE FROM
Again expecting this decline to last for only a day..then...
BOOM!!!
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Morning!Casino will be open later
Now we wait
MOASS: 06/09 - 07/09
:)
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Now you see why I put out the PSAJust think of the price as a fuse and the closer it gets to the Green VWAP the closer we are to BOOM
Your patience will be rewarded soon
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Price responded to the green VWAP just like I anticipatedLets see if todays low holds
But at this point that bounce showed me that the Green VWAP will indeed provide a floor for us
All we need now is VOLUME...tick tock
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And thats a wrap!Can you feel it?
Tick.....Tock....
MOASS: 06/09 - 07/09
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:)Note
BTW-With how nice this bullish price structure has developed a post from a certain someone would cause CARNAGE to shorts
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Morning!Casino will be open later
Tick......
MOASS: 06/09 - 07/09
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BTW- still strongly feel a downturn in the broader market is imminentAlways hard to call exact days buts it looking like Friday/Monday should see basically a flash type crash like what happened with the last Bank of Japan interest rate decision (Yen Carry Trade shenanigans have "circled the block" on the market)
Oh and remember what I said in the weekend update about them AFTER THE FACT trying to come up with a reason for the swift decline, when I've told you IN ADVANCE #elliottwavetheory
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Take note of the indicatorsWatch how they respond over the next week
I have a feeling everyone is going to feel A LOT BETTER after 1:45 today :)
Tick.....
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HmmnnNote
Feel it yet?Note
Watch thisNote
GOING LIVE ON YOUTUBEIm not doing a play by play...we are just going to watch together for the rest of the day
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And thats a wrap!Saw some good initial strength and then SPX weakness rained on our Livestream watch party..until the last 5 mins :)
I think you can see whats coming though
Tick....
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QUESTION OF THE DAY:Where will GME be if/when SPX makes another move lower
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It may not seem like it but this where we are headedNote
PSA:For anybody who cares and is bored I will be live streaming at Market Open tomorrow
That time period we were watching between 1:45 and 2:45 WAS significant and the movement at the end of the foreshadows what's to come
I'll also be reviewing the Market as a whole and will definitely be happy to pull up any charts you guys are looking at and give some thoughts..
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Tock...:)
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Time for another episode of Heartbeat Trading interprets the The Cats tweets:IMHO his latest tweet is foreshadowing the MARKET DROP that I have been predicting for weeks
The drop that came after Jan 2, 2000 was VERY BRIEF and only lasted a couple days...sounds very much like what I have predicting and saying almost every other day
BTW- In last weekends update I predicted that he would tweet in the next couple days after (was thinking night before inauguration) my update
Told you I figured out what he was doing
:)
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Morning!Casino will be open shortly
GOING LIVE ON YOUTUBE TO DISCUSS THE LATEST
MOASS: 06/09 - 07/09
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Not expecting price to make it much higher than 30 over the next couple of daysFully anticipate the broader market crashing end of week into the next
Definitely think thats what The Cats tweet is foreshadowing
GME will be affected and will see a push to lower support and then we BOOM from there
Wen Moon? Next Friday into the week of 02/03 is fireworks
The Livestream covers this in exhaustive detail :)
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Remember this chart of SPX from YesterdayLook at it today
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I want to reiterate what we are expecting if/when SPX moves lowerNote
You should be on HIGH ALERT right now!!!Note
When that RED VWAP breaks on SPX...LOOK OUTNote
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Similar RED vwap for emphasis on GME..A break of those vwaps for both GME and SPX is your signal that the move lower has started
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And with that move down all my trailing stops triggered and im out for nowLike I told you on the live stream I plan to go back all in at somewhere near 25 ish
I plan to do the exact same thing when we run up to 70ish ("sell the rip, buy the dip")
Not financial advice but just showing how I trade my own analysis
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DONT BE FOOLED...BE CAREFUL WITH SPX!!Note
And thats a wrap!Elliott Wave Theory is about to shine right here
This is a BULL TRAP if I ever seen one..
Could I be wrong? Well of course
Just watch....
MOASS: 06/09 - 07/09
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HIGHLY SUGGEST YOU WATCH THE LIVESTREAM FROM EARLIER TODAYIts about to look and feel ugly across the market..STAY CALM
It breaks down exactly what to expect over the next week and near future
youtube.com/live/KmcnDsAKLx0?feature=shared
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Time for another episode of Heartbeat Trading interprets The C...actually how about Ryan Cohens tweetsI was gonna save this nugget for later but you will need and appreciate this pick me up after tomorrow
Ryan Cohens tweets are NOT what they seem
Take a note of the DATES he tweets..especially since Oct 23rd of last year :)
Then look at the price action that follows :)
PREDICTION: Ryan Cohen will tweet right before the Market and GME bottoms :)
And The Cat will tweet after..and thats how you will know its....TIME
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Morning!Casino will be open later
Lets make this simple..
The RED VWAPs are what you need to watch
If you are bullish then you want price to bounce off those and go IMPULSIVELY higher
If you are looking lower then you are looking for price to break the RED VWAP and then push aggressively lower
Personally, i'm looking lower in the near term but of course if price wants to go higher who am I to argue :)
MOASS: 06/09 - 07/09
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elliottwave.com/waveopedia/wave-personality/"B waves — B waves are phonies. They are sucker plays, bull traps, speculators’ paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency, or both. They often involve a focus on a narrow list of stocks, are often “unconfirmed” (see Dow Theory discussion in Chapter 7) by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by wave C. If the analyst can easily say to himself, “There is something wrong with this market,” chances are it’s a B wave. X waves and D waves in expanding triangles, both of which are corrective wave advances, have the same characteristics. Several examples will suffice to illustrate the point.
— The upward correction of 1930 was wave B within the 1929-1932 A-B-C zigzag decline. Robert Rhea describes the emotional climate well in his opus, The Story of the Averages (1934):
…many observers took it to be a bull market signal. I can remember having shorted stocks early in December, 1929, after having completed a satisfactory short position in October. When the slow but steady advance of January and February carried above [the previous high], I became panicky and covered at considerable loss. …I forgot that the rally might normally be expected to retrace possibly 66 percent or more of the 1929 downswing. Nearly everyone was proclaiming a new bull market. Services were extremely bullish, and the upside volume was running higher than at the peak in 1929.
— The 1961-1962 rise was wave (b) in an (a)-(b)-(c) expanded flat correction. At the top in early 1962, stocks were selling at unheard of price/earnings multiples that had not been seen up to that time and have not been seen since. Cumulative breadth had already peaked along with the top of the third wave in 1959.
— The rise from 1966 to 1968 was wave B in a corrective pattern of Cycle degree. Emotionalism had gripped the public and “cheapies” were skyrocketing in the speculative fever, unlike the orderly participation of the secondaries within first and third waves. The Dow Industrials struggled unconvincingly upward throughout the advance and finally refused to confirm the new highs in the secondary indexes."
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11AMNote
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Notice the change at 11?Now yet again 1:30 will signal another change
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Im speaking to SPX BTW...GME will follow in its own wayNote
For SPX this Green VWAP that I drew from todays high is what needs to break at this pointYou need price to stay above the red VWAP and break back and consolidate above this green one
We will learn if thats going to happen after 1:30 most likely
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Notice how well DVDI alluded to the coming weaknessNote
Ok and here we are..It looks like the BLUE line on GME was significant as well
Here we go folks..rest of the day should be...eventful
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And thats a wrap!Well can't say I didn't warn everyone
Monday there is likely to be carnage across the market..but again expecting sentiment to shift by the end of next week
MOASS: 06/09 - 07/09
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.