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Might be the biggest opportunity we will see in a whileI realize majority of people will read this and laugh.. that's on you if you miss out - I'm just pointing out the possibility and I see it clearly in the math: So this is the most extreme upside case that I see for QQQ near term. I posted a bigger picture for QQQ with what I think are realistic targets in normal conditions. This is a special case that can occur during a very massive squeeze. @quynhpham48975 you have been emphasizing this upcoming event, and tonight I finally saw what you mean clear as day as I came across CAR and remembered then backtested this! This is insane but you are absolutely right. I have played this set up before in CAR back in March, and I'm now recognizing it for so many tech names (see below for example): Below I define setup that I have backtested and am now seeing for a ton of names in the market. I'm not sure if there is already a conventional name for this setup, if so let me know! Otherwise, I'll be referring to it as a "swivel": Rules: - Let x.l be the swing low coming off a major decline, wave x.u is first upside peak following x.l - alpha is the wave down following x.u. Alpha retraces 1.272-1.414 of x.u - beta is the wave up following alpha. Beta extends 0.618-0.786 of alpha - gamma is the final wave down following beta. Gamma retraces 0.618-0.786 of beta - OMEGA is the target after the swivel completes. OMEGA extends 4.618 of gamma, or Sigma = sum of waves x.u-gamma of x.u (when ~4.618 of gamma & ~Sigma of x.u align these almost always hit) *** One more side note that I always see with this setup, notice the stochastic RSI forms an inverse Head and Shoulder during the swivel. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- See you at 353 triple Q. The earliest I see this unfolding (i.e. hitting this insane target, but no cap it's bout to hit) is July 14. Woah. Sincerly, Woah P.S. Here are 10 more names that all have this setup, the levels outside parenthesis are their best case scenario near-term targets (in parenthesis are levels that might be more realistic, but if the extreme levels hit I won't be surprised): SPY 436 (423) TQQQ 45 (39) AAPL 167 (151) BYND 43 (35) ROKU 159 (111) wtf, plz hit MSTR 330 (271) COIN 107 (80)... yeah that means BTC about to lead this, probably that and NVAX approval... and just generally shorts are in trouble if this triggers SQ 103 (85) W 108 (69) HUBS 526 (404) P.S.S. notice that region circled in mid April on the QQQ chart... that right there set this in motion to occur downstream IMHO. It was a massive battle between bulls and bears at the time and bulls lost, but they'll get the last laugh here it seems. I have seen this a lot in names like BHVN preceding a massive squeeze such as the one anticipated here. We bout to see some fireworks.
NASDAQ:QQQLong
by JerryManders
15
fintel's top Gamma Squeeze candidateHere's a name most have probably never heard of that has potential for 285% underlying return. THCA (Tuscan Holdings Corp. II) "intends" to merger, share exchange, asset aquisition, stock purchase, recapitalization, reorganization, etc., with business entities in the cannabis industry . It is likely so heavily shorted because from what I can gather, they have really only stated intent and not demonstrated anything material in the Cannabis sector (if I'm wrong correct me, its such an obscure operation really not much on it). But they are active it seems, the 2 main news headlines I can find recently are: "Surf Air Mobility to go public through $1.42B merger w/ Tuscan Holdings Corp II, accelerating rollout of industry leading hybrid electric aircraft...," and "THCA gets non-compliance notice from Nasdaq" --- which is pretty bad@** right? Take a look at this short data: Short Interest Ratio: 2.26 Days to Cover Short Interest % Float: 54.63% - source: NASDAQ (short interest), Capital IQ (float) Off-Exchange Short Volume: 8,916 shares - source: FINRA (inc. Dark Pool volume) Off-Exchange Short Volume Ratio: 24.26% - source: FINRA (inc. Dark Pool volume) Short % inclease/decrease: +28% Net Call OI % Float: 186.21% There are 2 catalysts I see that could get this going enough to trigger a hefty squeeze: 1. THCA reports progress on the Surf Air merger, OR they simply announce some new merger(s), etc. 2. They get the kickstart (without doing anything) indirectly in this market environment - I think this is a very dangerous market environment for shorts righ now in general. Everyone who doesn't know elliot wave thinks BTC and S&P and going to crash, there is so much FUD going on its actually hilarious (when in reality wave 5 is about to start for BTC and S&P taking them to new ATH by end of 2022/early 2023... when this begins (soon), heavily shorted names like THCA will take off on a spaceX rocket to the moon. BIg players like TSLA, GME, BYND (oh you're in for a treat, the setup and catalyst are in the bag baby) are already threatening its squeeze-time kicking off as early as next week. On my chart I listed 3 targets: - initial target = 11.50 is near-term w/ or w/out a squeeze, just based on the chart and statistics of the price action dynamics - intermediate target = 16.28 is mid-term even without a squeeze unfolding (just using the proportional increase in successive pops and extrapolating accordingly) - minimum squeeze target = 20.20 - and that is conservative, based on the short data if it gets going it could pop to 32-40 (it then becomes a fast sell at those levels) *** This is a high reward/low risk play here because its essentially traded at 10 its whole public history, on average, and I see 10 as support (so risk ~ 38 cents hah) Not financial advice but I'm playing shares and Nov 18 2022 10.00 calls for ~ 1.00 and looking to sell at ~10.00 when it hits 20.20. Clear Vision, cloudy eyes. Regards, Billy Walters Jr.
TLong
by JerryManders
AMC fractal cycle (5 parts)Most of us who looked into the executive order catalyst will understand why we saw the push down after june 3rd, and more-so why we are where we are today. Here, I show my idea for the fractal cycle. Before a cycle begins, there is usually a selloff, however, that can be debated as the full year leading up to the jan squeeze can be technically defined as a 'sudden spawned start', if you get what I'm saying (though there is an entry by sell off). If you look at the 1hr chart, and go back to 2020, you can find small renditions of the pattern we see if we zoom out (say on the weekly). I will post a link to that example. So, my idea is that when executive order 14032 got signed on June 3rd, 2021, the cycle was halted, and purple was put on hold. Now, we have been traversing green. The cycle is not complete until purple is finished and white enters play. It goes: 1) red - accumulation 2) yellow - accumulation 3) green - accumulation 4) purple - distribution 5) white - sell off restart. In essence, it is very simple to know when a new cycle begins. As soon as the high of one section is surpassed, the new cycle begins. So for 2020, the high was 7.56. As soon as we ran past that, macro yellow 2021 began. The high for yellow 2021 was 20.36 (not including ah/pm). As soon as we ran past that.. you get the point. So purple will start as soon as we run past 72.62. So a question that should concern you is, 'well it could hit 73 and just sell off?' Yes, that is logically valid. It is up to you how you traverse that new cycle. Look at my plot maps (only 2) and see how you might consider purple representing higher than just 73. But of course.. this is not financial advice. So things to look for for 2nd & 3rd week of june: need a triple bottom around 9.70 (if it breaks 9.70 then we are still in a sell off period - short term) If we get the triple bottom then it would signal a buy. August 2nd is next catalyst with regards to executive order. The real question is (addressing any firms tied up in this) to be or not to be first. God speed
NYSE:AMC
by W40kProfit
Update: ;AMC macro cycle TA TheoryFirst, please look closely. That green wave is, essentially the void. A place where the price has no sky limit except for the yellow dotted line connecting the peaks of the last two squeezes. The white has been used to keep price stable. Any halts we saw, i think, is due to fear from letting the price leave these lines of resistance. Inside the the purple is what they want. There is a top but no bottom. Perhaps the cycle is 'pull buy orders during the cross over' then when it enters the purple 'let it rip'. This can change of course, if ftds become too hot or the swaps place too much risk. If this happens, then you use the long wave across the top (also white) to act as an area of distribution. The scary thing for them is that eventually, there is an end.. but its so far down the line (2025) it works in their favor. There needs to be a catalyst.. something.. that breaks us out of the resistance otherwise we smooth sail until 2025
NYSE:AMC
by W40kProfit
2
Parabola Pitchfork - almost timeGME is a Buy over 150, expecting explosive pop as soon as it runs back over 150 could be today or tomorrow. I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME. -Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level close - Target 223 by early May , they want to take it to the sky before they ultimately drop it so it could continue past 223 to some crazy levels... but that is speculation.. the mat/chart says 223 near-term If you want to be slightly more conservative and enter later with confirmation watch for the VI to cross green over red, but by that time it will be higher than it is right now. I like entry above 150 because that is the intraday equilibrium level where supply = demand and it has the periodicity to pop on the next time it gets over 150. Not Financial Advice. Bless you all ~The Alpinist
NYSE:GMELong
by JerryManders
Meme PowerIf you're going to play any meme NOW, it is BBBY. GME and AMC have run up to high resistance levels so if you didn't join early on, you're too late. BBBY on the other hand, still has room to go. Looking for closes on the hourly above 28, 31 ish areas and squeeze can commence. Purely degen play. No point in charting other than resistance levels. Cohen all over this as his next play. This may be the next (dare I say...) MOASS. Do your own DD. NFA. Whole market is just on some drugs. Might as well join in on the fun if you like gambling lel. In 04/01 30c 04/08 35c
NASDAQ:BBBY
by SenesTrades
GME uptrend into OPEX. My prediction and thoughts.Hello all my fellow GME chads. I see GME forming a normal 5 wave uptrend pattern forming. Rules of EWT states that the 4th wave cannot go past the peak of the 1st wave and even tho we broke it by pennies, i still believe this pattern is valid. Therefor I see the 5th wave ending in the blue rectangle box labeled as such (~$150). 5th wave extensions are very common as well, especially bec we did not get a complex wave yet in this pattern. If we extend, i expect the next resistance to be 160 and 169. OPEX is this friday which means the T+2 settlement date is 2/22 (Tuesday). The higher we go into OPEX the better, I am very excited.
NYSE:GMELong
by FibTriangleWavesForDayz
2
GME OutlookHello again, still watching the monthly and weekly charts on GME. It's possible we have a new bull run in the next few weeks, but i believe we still have more downside. Institutions still are not buying and there has been no major increase in volume. Follow the money and think like a whale. With that in mind i believe we will still see $50 range and see some form of accumulation phase similar to what we saw before the previous bull run. Hard to say if it will squeeze again, if at all. However the company really does look to making progress towards becoming a great tech company with all the new hires, msft deal possible, and nft marketplace.
NYSE:GMELong
by Pyrat82
3
GME BREAKS TRIANGLE = BULLISHWe never hit the bottom of the triangle, which is super bullish. I know everyone saw what happened today and is wicked pumped, myself included. Honestly i just want to keep posting updates to keep the hype train rolling. NFT announcement finally LFG! Cannot wait to own my own in game items, i am not into buying skins in video games bec they are just a waste of money rn imo but once this becomes an investment that i can own on the GMERICA marketplace I am going to be so hyped. Gamers will be able to capitalize on their hours playing video games by earning items with real world value. it is so cheap at current valuations, it baffles me people are not jumping on it right now. Also, my bday was yesterday and i gave myself the day off from the charts so having today be the first day back and seeing what GME did was an awesome present :) See you on the moon gents!
NYSE:GMELong
by FibTriangleWavesForDayz
4
Gamestop - MOASSIdea for GME: - The MOASS is here. - There is a global shortage of both US dollars and high quality collateral for debt (10-year US Treasury bonds). Why would the dollar be rising despite the high CPI prints? It's simple. To borrow, one must have collateral. - CS's Zoltan Pozsar explained in Nov. 19th Global Money Dispatch that currently, this demand is caused by Europe. "the ECB bough too much , reducing net supply via QE, and it topped it up with TLTROs... This week, the collateral shortage in Europe spilled over into the FX swap market: on Tuesday it became cheaper for a euro deposit holder to pay a premium and swap euros for dollars and buy Treasury bills with those dollars than to buy German bills." - While I won't go into it, it is speculated that Citadel has a great short exposure to 10-year US Treasury bonds, through their repo market arm, Palafox. May or may not be true, but it is evident that someone (probably every hedge fund) is short USTs and they are also short GME. GME by extension is a bond market volatility proxy. As long as the correlations hold, it can be traded. - What is also true is that Large and Small speculators are record short 10 Year T Note futures, while commercials are record long. Bond market volatility is reached a level where VIX was trading at 50+ previously and is higher now than what it spiked to during GME's first squeeze to 500. Somebody is about to get to get blown up. Bond Market Options Volatility (MOVE) leads GME by 15 days. Timing of MOASS, Dec.3: GME losing correlation with IWM and gaining correlation with VIX and USTs (new regime): You might get one more smash down (I expect a smash in bonds in a risk parity event before a squeeze), but I am confident this is about to happen. I'm not even going to give a price target, but it's over 4 digits for certain. When I did analysis for my AMC trade, I correctly read the psychology of the large market participants, after reading into it more and connecting the dots, turns out they were BlackRock and Citadel: If you are short GME, do you even know who is on the other side of your trade? Retail "apes"? No no no! BlackRock, who manages the US assets of foreign sovereigns, and ICBC China, with a 100% correlation to GME. China is about to enter an easing phase: GLHF - DPT Causation always produces a correlation. Liquidity takes time to flow through the economic machine.
NYSE:GMELong
by UnknownUnicorn1043646
10