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AMC

Volume 4: Gamification of the Stock MarketsIt's time for another volume of SPYvsGME. I haven't been writing much about GME for some time now because I was in a dark place and needed to take a break to clear my head. I spent a majority of my time getting refocused on work, family and learning to trade in my spare time. Now it’s about time I explain how I started my fixation on the stock markets and GME some 10 months ago (Jan 27th to be exact). Elon's tweet was really what caught my attention, but it was the fact that Gamers were being attacked in the media for causing a market calamity that upset me the most. I was offended. I'm a lifetime gamer ever since I turned on an Atari for the first time. I'm an OG Twitch lurker (before it was twitch, aka justin.tv). Playing games was my life. What's really sad is I gave up video games to join the biggest game on the planet. The Stock Market! It was quants (quantitative market analysts), MSM, and investors whining about gamers invading the stock market over covid that solidified my love for the game. It wasn't until I got burned by VIAC and Archegos Shenanigans that made me realize everyone treats it, even the banks, government and main stream media, exactly like a Game. After losing a gross amount of money on VIAC, and everyone telling me to suck it up kid, it made me realize the rules were the same as games. There is always a Winner and there is always a Loser. People on reddits wallstreetbets didn’t like my opinion very much because I saw through the DFV and citadel narrative the first weekend after Jan27th. Without any prior knowledge of markets or GME I was able to dig past the noise and find real truths that nobody wanted to listen to. I still don’t like talking about what I found that weekend, and likely won’t try to anymore. The more I dug that weekend, the more I realized it was all just a larger game taking place and gamers were the target. Banks wanted all the stimulus money in the markets and knew the only way was through Crypto and Gamification of the stock market. Truckloads of money were being invested into companies like Robinhood prior to Covid and Gamestop. Robinhood was making crypto and stocks a gamer's dream, and they all knew it before GME. The problem was that we gamers were being led to the slaughter where titans like hedge funds Archegos reign supreme. What I don’t think they anticipated was how the best gamers are lifetime gamers. We never quit the game until we win. I don’t think they understood the gamers they were openly invited into the game are the people that made their lives so easy. The coders, the accountants, the garbage men, the chefs, the waiters, the dishwashers, the delivery guys were all lifetime gamers. We would do our mundane jobs every day and live out boring lives until we got our chance to be titans in our dark rooms and basements with only a monitor to light our faces up. You thought we were fat slobs that never left our mom's basement and screamed “MAaaam, More Hawt Packeets”. When in fact we are the core economic resource that made the wheels spin. We thrived in our video games, we could be who we wanted to be and do what we wanted. Play the games we wanted and win the way we wanted. We were in control of our games. In control of our lives. Now that we are here and markets have all our stimulus money, they want us to quit. Guess what. #NotLeaving. 10 months later, we’re still here. We’re like roaches, you can do everything to try and get rid of us. You may get some of us, but you’ll never get rid of us all. You enticed everyone to load up on more bad debt and margin to collapse the world economy 4x over and now you don’t know what the hell to do with us. I’ll give you the secret. Don’t try to force us out. Help us manage our lives and the game because those of us that want to be here are not leaving and continue to level up every day. There are so many seasoned investors to learn from here on trading view, Reddit, Fintwit and discord rooms you can’t silence them all. You can pile on rules and regulations but you fail to grasp that we are here to win. Rules are meant for games, the real gamers will play by the rules and win by the rules because of our ability to adapt to rules that are constantly being changed to slow or stifle our progress. You are our opponents in the game. Expect to lose some because we are sure as hell are learning to win the longer we play the game. Game On!
NYSE:GMELong
by SPYvsGME
10
AMC: Shorting OpportunityAMC - Short Term - We look to Sell at 34.12 (stop at 39.53) We look to sell rallies. Previous support at 34.50 now becomes resistance. 50 4hour EMA is at 35.78. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 34.50, resulting in improved risk/reward. Our profit targets will be 20.38 and 17.10 Resistance: 34.50 / 44.10 / 52.50 Support: 27.00 / 17.00 / 14.70 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:AMCShort
by Saxo
1
AMC Stock Must SeeAMC is currently following a bullish schematic to a tee. According to the schematic it is at the yellow arrow, just shy of a large rip upward. If this scenario plays out, expect a quick pull back then impulse up on higher volume. Notice how the pull bak to the 25 level is exactly to the 618 Golden Pocket. This chart is convincing, however a break of 25 would invalidate. Snipe from the corner : if this is valid there will be a full throttle rip on 12/22-12/23.
NYSE:AMCLong
by Sentiment-Discombobulate
AMC Stock Chart 12/8This is a potential chart for AMC that follows a repeating fractal found on several different time frames. Break above 40 , I am bullish. If not it will be dragged down to the 1.618. Price targets is 29 for tomorrow. Bearish until AMC breaks this down trend and we see a substantial increase in volume and or break above 40. Also have a bullish scenario on a different fractal that I will post later with more confluence. In my opinion, AMC will see a quick move to the high 30s after a slight pull back to 28-29, if it fails to break the downwards channel on this thrust it will fall hard.
CAPITALCOM:AMCShort
by Sentiment-Discombobulate
AMC potential countAs all Elliott Wave counts can be interpreted different, this is just one I have been going over and one that I like. A lot of confluence with the count; with it needing one more leg down for an orange wave 5, bringing it to the overall red ABC count down to $21. Orange 5 waves down has a potential target of $20.74. Red ABC count down C has potential target of $21.02. I like finding as much confluence or "makes sense" counts. To add to it, the overall larger count, from going from the $4 range to the rocket up to $70, the .618 fib retrace overall in White comes to $19.90. With the Elliott count, there is also the trend lines, and currently per one we have falling down and under support. I'm leaning slightly bearish with targets of first $25 to retest the low, and if fails, then test of $20. I think if $25 holds and a higher low is put in, it could try to go back up to the $37 range to regain trend support. As of right now, I'm leaning lower and any trades I would do I would keep low risk.
NYSE:AMC
by PT_Marche
2
INDEX SPX UPDATESo the Market index SPX seems to be going for a minor correction, if followed with major negative fundamental news we can see this going below the Logarithmic curve. Ukraine - Russian War. Chinese FUD Fed and money printing issues ( Averted until Q1 Next year) Government shutdown etc Bond repayments. Overall these indices affect the entire market, and analysis on indices should not be taken lightly. My take: We may see minor correction in the broader market or may have minor correction to be bounced off the curve. But it wont be a full blown crash to 4000$ region or so. Not financial advice.
SP:SPXLong
by ary2001