GME
$GME: "Weaponized Commodity Markets" Could Mean Another SqueezeAs crude oil sits in a very vulnerable position, Putin has come out declaring it could head to $100 and while China contemplates the scale of a potential Evergrande bailout, there's a serious potential risk here that the inflation trade will continue thus leading to another squeeze out of GME which has been an efficient barometer for inflation since it's grand squeeze in January. However, it isn't just the movement of liquidity that could benefit the prospects of GME. If sky-high gas prices are here to stay, another stay-at-home windfall could push GME back into the 200 pivot or even beyond as reopening vacation plans get shelved.
$PBTS squeeze inbound$PBTS squeeze inbound again, short interest stacked up and volumes on the bids + crypto
Up and Chinese stocks :)
Lots of stuff going on herePlease help analyze. Ethereum general trends and potential futures - GME included because it will be pertinent - Interesting timing on the GME spike and the ETH breakout of the bear market? What really happened at the bottom of the ETH bear market, who was the consolidator in the flash crash? Random ramblings included. Yes, crazy.
GME - Oversold/Testing SupportGME oversold and testing high volume support at the $169 level from February 25th. Holding 3 times at this level in the last 5 trading days.
With the oversold condition, strong price support, chart dynamics, and high interest = GME bottoming soon.
Last bull impulse stalled out on September 1st but likely is part of a larger complex. Fibs lining up well on the resulting down impulse if this is the case, with GME testing the 0.236 fib.
BBs staying narrow and "bottom" indicator saying ' maybe '...Volume dry as a bone. Just needs a spark to catch fire...
Previous price spikes have been robust. Should be impressive!
Not financial advice.
ROKU - FOLLOW THE PARABOLIC ARCAll,
Pretty bullish on ROKU here. Only question right now is that if SPY holds since it had a tear back up from 420s. However, this looks like its ready to go might retrace some here so mayh want to wait for a better entry. Just watch closely. I think as long as market doesn't cause a crash in big stocks like ROKU we see 440s and probably 480s. IF THIS BREAKS THE PARABLOIC ARC... the right side it will fall and I would take a PUT or short position
Why So Serious Kenny?I have, myself, full confidence that if all do their duty, if nothing is neglected, and if the best arrangements are made, as they are being made, we shall prove ourselves once again able to defend our home Banana Planet, to ride out the storm of war, and to outlive the menace of tyranny Occupying Tendie Town.
We are going to to Banana Planet based off of my unbiased opinion and technical analysis.
Why? You may ask... Because I'm A Legend And I Like The Stock Thats Why.
(This is not financial Advise)
Looks like a breakout during week of Oct 25Looks like a breakout to the upside will finally come during the week of Oct 25, in the mean time just buy more counterfeits from Market Makers and hold on for dear life.
I've averaged up a few times, so this is my chance to average a bit down again. Not advice, do your own DD.
GME - WeeklyCompleting Wave C correction on the Weekly. Need some buying pressure to come in around the 170 zone or it could fall back to 140. Expect the kitchen sink to get thrown at this thing between now and October 18. My triangle is apex'ing at ~ October 11, 2021. But, the end of the debt ceiling on (~October 18, 2021) does seem like a perfect scapegoat for chaos when this thing flies along with all the ETFs it is going to prop up to prevent the outage like last time.
Reverse Repos - ATH - KarmaGeddeon Bid Expands to $1.35 TrillionNon-Financial rated Debt, Corporate Debt will begin to roll over as GDP Forecasts,
although no longer provided... does not matter, the Global Economy is once again
on the Steep Decline.
Supply Chain Issues compound monthly, with no end in sight.
The answer is, Buy STONKS, they are the New, New, New, and Improved Liquidity Economy.
Stocks are the Economy for most Americans. GDP is resolved with Gains in Zombie Companies
buying Trillions of their own shares.
1.6 Million Options were swapped for Tesla Friday, 52% Calls.
The Gamma Squeeze for protected entities is in trade.
Yeah, Naw, we'll pass for now, wait for the Pullback into the Final Stage of this Historic
Bull Market.
Commodities are pitching a large Bis as the Safety Trade is back in force.
There will be a final Blow Off Higher into 2022 as Debt Markets join the idiocy until
it all simply implodes.
2022 is going to be a very difficult year for most.
Perpetual Bonds are assured, the reset there will require a degree of patience while the
"Distribution Phase" requires time.
Insider selling remains robust, Retails are going All-in on the YOLO.
Meme's will begin to roll over and collapse into the next Sell, which is ahead.
We will see how long they can continue this Distribution .
Margin Debt remains elevated at Highs.
INever forget Crammer issuing Buys in March of the DotCom peak for the most bloated
overvalued JUNK Stocks which promptly collapsed from $600 to $0.
2022... one for the Books after 5/5 completes.
Fib and Exponential Floor Tracking $GMEFib retracement levels are matching perfectly with a price floor trend line drawn on the logarithmic chart. Intra-day Technical Analysis is voodoo at best on GME, but the daily chart shows undeniable patterns drawn over the longer term. My last prediction about Wyckoff accumulation was spot on, and I believe this Fibonacci circles also show GME's potential due to the myriad of factors surrounding the GameStop short squeeze. Volume has entirely dried up in comparison to earlier this year. High-frequency algorithmic trading of Rehypothecated shares, alongside retail "hodling" pressure show that "just up" is an accurate statement in regards to GME.
Will the Airlines finally take off??GREETINGS!
I've made several posts on Rolls Royce and Raytheon the past few months. Ultimately, we remain bullish for another leg up, but the back-and-forth price action has been exhausting.
Why are we bullish? Well, my strategies involve a simplistic basis of eliot wave theory which shows airlines and major indices have another leg, but I also consider other non-voodoo indicators. For example, Look at the put/call ratio or general market sentiment... EVERYONE IS BEARISH . The contrarian should be salivating.
I'm here to provide an update on the RTX play. The primary count is still active, although price targets have changed slightly from the previous post (see related ideas below to see the DD).
Here I think we are compressing into a triangle wave 4 of C, resulting in a delayed takeoff. I have the 1.272 extension at $95, but we could go to the 1.618 near $105 which would also result in a sharp peak out of the channel, which we often look for for blow-off tops.
Triangles can be annoying to trade, depending on your time commitment available for your capital to be tied-up. This is because intermediate waves often consist of fakeouts! In this case, I think it's time to accumulate! I will be purchasing RYCEY and RTX (at these prices) as my primary exposure to the airline sector.
Good luck!