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Correction inbound?In 2008 over leverage of 440 billion, to todays (2021) 900 billion. 2008 inflation rate 2021 May 4.2 April 4.2 June 5.0 May 5.0 July 5.6 June 5.4 August 5.4 July 5.4 Sure just numbers right? Lets look at the months prior to the big change 2008 2021 January 4.3 January 1.4 Feb 4.0 Feb 1.7 March 4.0 March 2.6 April 3.9 April 4.2 The percentages in 2008 were slow yet very high. In 2021 we went from one extreme to another. Banks selling assets, at an unfathomable amount and rate ** reverse repurchases exceeding 1 trillion a day for the second time this year and will probably do so again today SEC, DTCC, and SSTC passing rules and regulations at an unprecedented rate Massive amounts of covid-19 relief money infused by new investors Crooked brokerages working with one of the largest market makers who now know your every move. Naked shorts, and meme stocks. Failure to delivers US 10yr rate approaching 1.0 return 2 WEEK RANGE 0.608 - 1.778 PRICE 99 1/32 Please add if I am missing any other signs that point to a 20 to 30% market CORRECTION ( Not a bear Market). All of these things and if you look at the SPY Chart, even when nobody was working and freeways were dead and police officers were stopping no one from speeding, the SPY chart looks like a ramp Evil K'nevil wouldn't jump from. Let's also remember we have 10.8 million US households that are going to be affected by the rent moratorium expiring on 08-31-21 with a congress that is adjourned for the next 7 weeks ( I want seven weeks off) . That's 1 out of every 6 renters ready to be evicted from their dwellings. Also we have debt ceiling about to be breached.
UShort
by ssyxworld
An Explanation of the Symmetrical Triangles and Price TargetsGME is currently in a pattern known as a symmetrical triangle in which, following a move (up or down), there is a battle between bears and bulls to establish dominance on the market. We'll focus on a symmetrical triangle that starts with a move up like GME , but the same applies to a move down, just vice versa. This is visualized on a chart as a move up followed by a series of lower highs and higher lows which form two converging trend lines that form a triangle shape. As far as market psychology goes, this represents a few things. You should know, three parties are usually considered in market psychology analysis of individual securities, but four parties are considered when there is an influx of people who were not previously involved in that market. I think in GME 's case we can say that there are four parties. Those parties can be identified as bulls, bears, undecided, and uninterested. The uninterested party becomes interested, and therefore accounted for in analysis, when there is a lot of attention surrounding a security. The move starts with a lot of volume (which is relative, but mostly can be based on the average volume over a long period) as a result of a shift or reversal in sentiment and newfound attention on that security. The bullish party increases their position as their bullish thesis is proven correct. The bearish party closes their positions (and may even reverse their position to bullish) once their bearish thesis has been proven wrong. The undecided party becomes decidedly bullish. And finally, the uninterested party becomes interested and bullish. Following the move up, buyers and sellers are going back and forth increasing and decreasing their entry and exit points which creates a series of peaks and troughs. At the first peak, where the triangle starts, there has been bullish sentiment because bears realized they were wrong and the stock is getting attention because of the price increase, so all parties have turned bullish. GME is a tricky case because there probably would have been continued bullish sentiment if there wasn't interference with the market, but even though the price action has been interfered with, the chart still paints a picture of market psychology for us - whether it's unprecedented or not. At some point, the stock will hit the bulls price target and they will start selling their shares for profit (and possibly reversing their position to bearish, but this is less likely in a market that's trending up). At this point, bears take over and start shorting again, bulls become dormant until they see another price they like, undecided parties may stay undecided or move with the trend, and uninterested parties are again no longer interested or are also moving with the trend. This process continues in a series of a total of 5 peaks and troughs (combined) to form a wave (this ties into Elliot Wave principles, but I'm not well versed in that yet). Each peak will be lower and each trough will be higher as buyers and sellers compete for dominance. In other words, moves up should have decidedly more volume than moves down in a symmetrical triangle, because all parties have turned bullish where the opposite is not true for moves down. The overall volume from the beginning to the end of the triangle should also decrease. Symmetrical triangles are intermediate patterns which means they typically last 1 to 3 months. In the event that the patterns continues past 3 months, if the volume profile is still indicative of a continuation, the breakout will likely be more significant. During this 1-3 month period, the breakout generally occurs between 2/3 and 3/4 of the overall length of the triangle starting from its beginning (the base) to the point where the trend lines converge (the apex). If there is no breakout by the time that 3/4 of the triangle has passed, the continuation pattern weakens and it becomes more likely that the sideways trading will continue. If there is a break out, it's generally on higher volume than the past 10 days and in what's known as a gap up, or an opening price one day that is much higher than the previous days closing price. There are a few types of gap ups, but we'll focus on breakaway gaps because that's what we're dealing with in this instance. A breakaway gap typically occurs when breaking through or out of a prominent support, resistance, or pattern. The breakaway gap indicates the start of a strong trending move, is typically a large gap, and the price tends to follow through in the gap direction over the next few weeks. In order to confirm a gap up, you want to see increased volume and you absolutely do not want to see that gap filled in the following days. We just had a gap up to break out of the symmetrical triangle in GME and we partially filled it, but have not filled it all the way. If the gap is filled it usually indicates prices will go lower. Now that we've broken out of the triangle, the upper resistance line will likely become a prominent support line. So if the breakaway gap is filled we can expect a bounce somewhere around $195. If it's not filled, we can expect to continue moving higher to the price targets set by the symmetrical triangle. There are a few way to set price targets, but two methods are most common. The first is to measure the height of the base of the triangle. Use that same height going up from the breakout point to determine a price target to be met by the apex of the triangle. The second method is to draw a line parallel to the triangle's support line. Your price target will be where that line ends at the apex of the triangle. The end of the symmetrical triangle is on 11 June and my two price targets are $588.87 and $634.24. I'll post the chart now so you can see that this is a nearly perfect symmetrical triangle continuation pattern that follows every single one of those parameters that I just explained. This is a very high accuracy pattern.
NYSE:GMELong
by EricIker
BLACK BERRY - BUY - SILVER BACKS - Incoming ^Well as many have seen lately these reddit stocks such as GME, AMC continue to surprise institutional investors Reddit traders and people all round the world seem to have discovered a loop hole in the financial system if it makes money, I'm in too seen the performance of these WSB stocks short squeezes and was amazed the moment it began to rise BB Expect to see many other reddit stocks behave unfamiliar, I'm buying into ( blackberry ) very soon you will see. Black Berry continues to make enterprise grade mobile devices much like the infamous bb curve from May 3, 2007 BlackBerry provides enterprises and governments with the software and services they need to secure the Internet of Things. BlackBerry has transformed itself from a smartphone company into a security software and services company. NYSE:BB TSX:BB CAPITALCOM:BB BCBA:BB FTX:BBUSD SWB:RI1 SIX:BB FWB:RI1 BITTREX:BBBTC FTX:BB0625 SWB:RI1 NYSE:AMC CAPITALCOM:AMC BMV:AMC NYSE:GME CAPITALCOM:GME BMV:GME FWB:GS2C FTX:GMEUSD
NYSE:BBLong
by MaverickTrading
1
We're "Dumb Money", so why are we up 2,200%? 🧐💰Every time I hear "Fundamentals" being thrown around on Citadel-owned main stream media and news articles, I have to laugh. I buy another share. I get APEISH. 🦍🌕 This is simple supply and demand. As we see here, the ape gang is diamond-balling it to 60, a well-known resistance and we're about to smash through! If you check there is strong consolidation between 57 and 60, which is good for us. I smell a gamma squeeze comin' (how do we know? Look at the options chain and check the IV for how ppl feel about the stonk, demand is going 🆙). I like the stock the more I run into other apes. What we're experiencing is the market discovering new price action like a free market should. Other growth stocks have been so removed from fundamentals for a long time. And yet on the news its used to villify the retail trader. What a JOKE. LOL
NYSE:AMCLong
by Thanatoslogic
GME gearing up for more upsideAs predicted in my older posts, GME is now nearing the completion of the Cup and Handle pattern. This is very bullish, and indicated that it is ready to continue its long term upward trajectory. The long term trend we see with this pitch fork from the ATL to first peak and next low outlines that we should be expecting another test of the top of the 1x trend line at around 760 to 800, and after that, we could even see a run to the 2x trend line like in January at around 3000 to 3200 within a months time. This is the best case scenario. I consider this trend invalidated if we fall below the purple zone between 90 and 80.
NYSE:GMELong
by baumulrich
Clearly upwardLots of talk across the subs and social media etc about a launch, and some interesting discussion about the cup w handle pattern. The CwH may pan out, but there are some loose requirements that this pattern doesn't fulfill. We'll see if that's in the cards. Also, that would translate to something like 700/share or something to that effect if it follows the "normal" run of the CwH. Given the potential this has from the unbelievably painful place the HFs are in, I expect it to go much much higher. Maybe it'll get to the 700 area and retrace a little then go back up? Who knows. In the chart here I saw that there's a very consistent upward trend line showing the way to reasonable expectations for the price action. It may prove more accurate in the long term. I'm long the stock and have no doubt that we'll see some completely bonkers returns, but as far as a timeline I'll leave that to the dreamers. No way of telling for sure. All I know is, at some point, the shorters are gonna have to pay the piper. If they don't it will have devastating repercussions on the American free market, and the world market as a whole. No one will trust the American market for a very long time and the long-term losses will be astronomical. It will effectively tell the world that democracy and free markets are dead. I have trouble believing the government would pass up the opportunity to collect all those tax dollars from all us knuckle-dragging, poo-flinging primates once we drain the HFs, anyway. But, given what complete turncoat, lying mfers they've been we can only hope they'll play by the rules that got us all into this whole thing. Either way, hodl me hearties. Hodl. It's worth my money to make them sweat. NEVER FORGET 2008.
NYSE:GMELong
by Incogniteaux
Funny chartart into NFC turning ??Anyone interested in the APE as NFC ? huehue hue ... If yes feel free to hit me in private message :D Few major messages for all crypto fans !!! 1) Bitcoin might be going to 250-400K USD ! 2)#altszn2021 Reveal the secret of EMOTION CYCLES and Bitcoin cycle trading in the chart HERE Some big Public companies are holding huge amounts of Bitcoins ... did you know that TESLA is not the biggiest "official" inevstor ? www.coingecko.com ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
BITSTAMP:BTCUSD
by Anoinvest
4