GME- It is Time
It is time for GME to get moving
Elliott Wave has charted the path
B U C K L E U P...
Elliott Wave has charted the path
B U C K L E U P...
Note
Lets zoom in just a bit
Note
Morning!
Casino is about to open
Nothing much to add from our weekend update other than we continue to look higher
Pay close attention to XRT over the next 2 weeks
L E T S G O
Charts above work for now
Note
And thats a wrap!
All in all a decent day
Support held (held for XRT too which is important) and we saw the market in general maintain levels
Dont anticipate serious movement until all this FED stuff reaches fruition for the week
L E T S G O
Note
Morning!
Casino will be open soon
Looking for continued strength in XRT today which should again help nudge GME along
Chart above works for now
B U C K L E U P
Note
Should bottom soon
Note
And thats a wrap!
You may not think so but today was good!
Pullbacks are healthy..especially when support holds
As we said yesterday, the sooner we can get past all this Fed stuff for the week, the sooner price gets moving
L E T S G O
Note
Morning!
Casino will be open soon
XRT looking strong premarket which should again help nudge GME along
Chart above works for now
B U C K L E U P
Note
And thats a wrap!
VERY GOOD DAY
Support held on GME and XRT and the market is setting up to respond positively to the FED shenanigans this week
Its about to get spicy
B U C K L E U P
Note
Morning!
Casino will be open shortly
We continue to look higher as we anticipate continued strength in GME price
Chart above works for now
L E T S G O
Note
Thinking we move higher from here
lets see
Note
And thats a wrap!
Thought we would head higher after lunch but we ran into some broad market weakness which pushed us lower
As we have been saying we should really get moving after we get past the latest Fed convos (aka Hopefully J.Powell doesnt say anything crazy tomorrow lol)
Note
Morning!
Almost time for the casino to open
All eyes are on J.Pow today
Market is positioned to react positively to his speech but we will see
Chart above works for now
L E T S G O
Note
And thats a wrap!
J.Powell didnt let us down and did the right thing and put Sep cuts squarely on the table...now lets see how the market reacts on Monday
As for GME we ended green and above support
Saw some selling at end of day which is typical for a news filled day around the Fed
Price structure is still bullish therefore we are still looking UP
L E T S G O
Note
Cleaned the chart up a bit to better show the next major Fib level we are targeting
Note
Morning!
Casino will be open soon
Expecting support to hold and for price to continue higher
As usual keep an eye on XRT
L E T S G O
Note
Get ready..almost time to look up
Note
Time to look up
Note
And thats a wrap!
Ran into some heavy selling at end of day so we have our eyes on the next support down
End of month and earnings on the horizon so selling is to be expected
BUT the overall structure continues to be BULLISH
L E T S G O
Note
Morning!
Casino will be open soon
As we said yesterday, with end of month and earnings on the horizon some selling is to be expected as entities position themselves
As always watching for support to hold and the broader markets/ XRT to hold support as well
B U C K L E U P
Chart above works for now
Note
FYI-selling isnt causing this drop...shorting is...there is a differenceNote
Price has continued to push lower but nothing has changed in the big picture
FYI- in Elliott Wave key fib levels act as support so when support breaks we look to the next key levels
Thinking we see a bottom very very soon
Note
And thats a wrap!
Decent amount of shorting has happened over the last couple days and has driven price down a bit
This is nothing abnormal from an Elliott Wave price structure standpoint
All signs point to us heading higher...just need to get past month end and earnings
L E T S G O
Note
Morning!
Casino will be open soon
Not much to add from yesterday
Still watching support levels and overall market movement
Chart above works for now
B U C K L E U P
Note
Overall market weakness dragging down GME
20 is strong level for many reason so expecting it to hold
Note
And thats a wrap
Heavy sustained algo shorting capitalizing on overall market weakness has pushed price back down to 20
Really funny how they have been slamming the BID the last few days...but hey they always do this right before earnings
BUT even after all of the illegal shenanigans the price structure is STILL bullish
Doubt we get much lower from here with 20 being such an attractive price to retail and institutional buyers
L E T S G O
Note
BTW- notice how every time before these algo fueled price drops, Bots/Shills start to come out of there caves lol...
Notice the user AbisonJoseph in the comments below..obvious shill working for a bot farm (notice the lack of comments, posts or otherwise useful engagement on the site)
These are the same trolls who the hedgies hire to sow discord and kill your sentiment.
They post here , reddit, twitter etc..
ANYTIME you see them start to come out the woodworks, know that a drop is imminent but also a RUNUP is as well...
MARK MY WORDS:
Price is going to runup heavy in Sep
Note
Morning!
Casino will be open shortly
Still watching support levels and strength in the broader markets
B U C K L E U P
Note
Looking good so far
Should see some minor resistance at 21.50 but after we make our way thru that level we should continue higher
G E T R E A D Y
Note
Support and Resistance over the near term
Note
And thats a wrap!
We said yesterday to MARK OUR WORDS that we were about to runup and here we are
The Shill/Troll/Bot (AbisonJoseph) in the comments below was a BIG SIGN that a runup was imminent lol...like we said ANYTIME they crawl out of their $2 dollar per hour hedgie funded caves price runs higher lol
This move up off the 20 level is taking form as a CLASSIC elliott wave impulse so get ready for a lot more of what we saw today
B U C K L E U P
Note
Morning!
Casino will be open shortly
Looking for continued upward movement
Keeping it simple and just watching support and resistance
L E T S G O
Note
Might see another push lower to micro support
Lets see if that holds
Note
Price may be tracing out a leading diagonal
Lets see if this micro support holds
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Ok that move lower invalidates the leading diagonal setup so we are back to watching general support
Note
Ok thinking we head higher to the 26 level from here
Lets see
Note
Ok running into some broad market weakness
Watching lower support levels
Note
And thats a wrap!
In spite of the red this was a great day all around!
Support held and the price structure is EXTREMELY BULLISH
Expecting support to hold and price to head to the 26ish level
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