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Shortsqueeze

SPY Rejection: FOMC in the next hourDespite being positive on the day, we saw earlier price get rejected on the upper resistance trend line of our longer term downward channel. The gap up today was interesting, but I am curious to see how this plays out following the Fed decision. Since we have been declining from ATH's, this upper resistance trend line has shown multiple instances of rapid downward movement because of the trendlines significance. Fed decision may fill the gap up we created this morning. See related links to see the fuller picture and downward channel on a daily time frame.
SP:SPXShort
by chartxzy
3
SPLIT DONE! Still Waiting for a clean break of the Doom DoritoBull Case remains, I am hopeful the Doom Dorito will finally break up First full week after the split next week. Multiple brokers from around the world have yet to deliver all shares saying that shares could take up to another 4-5 days to be delivered. FTDs have been increasing from June that are coming due now, will be interesting in seeing the next release on the 30th Borrow rate remains steady this weekend at 129% to over 300% according to Ortex. Technically it still seems like a massive 1.5 year spring is about to be sprung. If there is any other real world game changing announcement this week then it it can only add further pressure to breaking the Doom Dorito.
NYSE:GMELong
by testmuffin13
3
🔃✅💲Short term reversal for $ETH confirmed! #Ethereum 🚀🔜✅This chart is meant to show the confirmation of the reversal in the $ETH price. This is shown on the BYBIT:ETHUSDT chart, because of the higher (more speculation based) trading volume. It is currently showing strong confidence in traders for #Ethereum. As shown, during the downtrend that $ETH has been in, there were multiple closes below the lower Bollinger band. These each signaled further $ETH price suppression at the time. After finding a possible bottom, then ranging sideways in what is now the current range of support, $ETH price finally broke out above the top of the range. This is very likely due to a short squeeze, however I believe that it being in conjunction with the recent bounce in $BTC and other cryptos, has allowed for confidence to be restored in $ETH price growth(at least for the short-term). Breaking above the range, with very tightened Bollinger bands, $ETH price managed to close above the upper Bollinger band multiple times. This is the first time this has happened on the daily chart since we had one (very brief) close above it, in October last year. To me this signals a (possibly very strong) reversal for #Etherem. Going forward, I would personally expect a move up to the current strong resistance level around $2,100-$2,200, then a retest of the previous range-high/resistance, flipped to support. After that would be when I would assess everything to see if this confirmation truly has the merit that I personally believe it has. Any strong close above $2,500 would be a very strong confirmation of this theory, and a close below $1,100 would possibly invalidate this whole theory. **This is all my opinion, based on chart data. This is not financial advice.**
Long
by DoozerInvest
AVOIDING THE BULL TRAP -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! BTCUSD H1: 20% correction warning distribution(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BTCUSD 1hours chart review ::: updated/revised outlook ::: distribution in range / weak chart ::: cycle low later July/August 2022 ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: not a great looking chart ::: rejected/booted from 20 000 usd ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible 17/18 000 usd ::: also noteworthy sequence of lower highs ::: recommended strat: SHORT from 21 / 22 000 USD ::: final TP BEARS is 17 / 18 000 USD ::: 20%+ correction possible next ::: 4-8 weeks in July 2022 ::: right now limited upside in this market ::: position traders should wait for ::: better entry prices later after ::: BULLS higher risk BUY near 17/18 000 USD ::: not a great setup for BULLS though ::: recommended strategy: SHORT SELL RIPS/ RALLIES ::: TP BEARS is +20% gains - near 17 000 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: RANGE/MIXED RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by Bitohefinance
Don't sleep on NVAXWhat I am seeing here is the most sophisticated accumulation setup I have come across in the market - and CO has been doing this for NVAX cyclically every pandemic in the past. The company focuses on stopping the propagation of viruses, however, CO spins it by propagating demand (like a virus) and absorbing supply which they injected intentionally at strategic stages downstream! This is nice, nested markup activation. Sorry if its difficult to see clearly, that is for me. I will post a followup idea where I zoom in and discuss the projected most likely scenarios. But here is the bigger picture that I wanted to present as surprisingly high probability targets/critical levels to watch in the coming weeks. I used MRNA epic run in summer 2021as a proxy, as well as a general method that I developed to make such predictions on Markup phases. - Minimum Target by August is 119 (given that 79 can be breached in time - will discuss the time component in followup post). - Sweet spot/target spot I'm expecting by mid September is 217-229 - If they invoke chaos w.r.t. demand and break above 171 by Jul 25th, then max target by mid-Septemer is ~350 (when such a squeeze occurs as it did last Jan, and it is highly likely is what we are about to see, establishing a point target is nearly impossible so the max target range 300-400). *** NVAX activated markup on Friday July 1st. There is a nested activation that will trigger if it gets above 63-65 by July 11th-18th, and there is an carryover activation level at 171 which regained the capacity for activation on 3/21/2022 - for it to be reactivated, the price must break above it by 7/25/2022. Smuggled between these activation levels, there are price (%) doubling and period halving bifurcation levels where the price will gap if hit. These require a massive squeeze, which NVAX is more than capable of currently - these levels are at 65, 83, and 217. The next supply/demand equilibrium point is July 5th, so good chance they will announce approval before the bell tomorrow. Once time crosses the equilibrium point there are windows where the activation and bifurcation levels remain in effect. So if price keeps up with time or exceeds it, here is what I expect: - Gap up Tuesday to trigger 63-65 and then continue to resistance at 79 by July 7th-8th - After rejection from 79, it will pullback and test 65 for support, if that holds and it bounces I'd expect the 2nd wave of the squeeze to kick in and drive it above 79. They have the bifurcation set in place at 83 to gap it toward 100 once it hits 83. - From there it gets tricky, because there is another nested markup activator that I haven't even discussed because its beyond the scope of this post, it was a distribution phase beginning in Jan 2022.. my theory is that it serves the purpose of kicking in the 3rd and final phase of the squeeze once 83 is breached. It is the only way I see this getting over 119. There is an attractor at 106 that could allow them to re-accumulate there in order to breach 119. If they make it to 131 it will begin a rally similar to what MRNA saw in 2021. For NVAX, it looks like above 131 will open the door for 171, then gap to 217-229, and finally run to 300-400 where they will begin the final distribution pertaining to Covid-19. When its all said and done this will make its way back down to ~20 in 2023, likely even lower by 2024.
NASDAQ:NVAXLong
by JerryManders
9
Silver Breaking SupportFor a few weeks now I have been watching the key Support of 19.42 on AMEX:SLV which corresponds to 21.00 on Silver Futures COMEX:SI1! : This is a long term Weekly Timeframe support established by the COVID Low through February 2021 High. I made a video about this High then because around the financial media there was a meme encouraging retail traders to BUY SILVER to create a SHORT SQUEEZE and stick it to the hedge funds (see Video link below)! My video went back through news article history to show that this same meme had been used to dupe Precious Metal Bugs into false breakouts 4 out of the 5 times in the last two decades. Q1 2021 was a good time to piggy back on the "Short Squeeze" meme and resurface this old one in Silver. Well, now the record shows that 5 out of 6 times the "Short Squeeze Silver" meme has failed as Silver continues to trade lower 17 months after the fact. This is why it is important to be highly skeptical of mainstream financial media. Often times (in my conspiracy theory) they are put out by PR departments of the funds themselves to manipulate market sentiment in some firm(s) favor. With this break of support Silver enters what I call "The Valley of Risk" where holders are faced with unknown losses as Supports become less clear. I am forecasting a fall into the mid-teens over the next few months. I have expressed this thesis in Put Spreads through the end of the year.
AMEX:SLVShort
by norok
7
⚠️🍵 #Bitcoin Short-Term "Cup" Could End W/ Short Squeeze $BTCA small #shortsqueeze seems to have already occurred for $BTC, with a false break of the support trend bringing in shorts and either stopping them out or liquidating a low volume of orders. I have not shown the RSI's on here as they are both at mid-levels (50/50 chance of moving up or down), however the may be overheating slightly. This could mean a second "fake-out" break of the upper trend with a larger drop down to the $18K level. However, if this pattern plays out, this could be what reverses the crypto market in the short term. There are confluences with both the measured move and the 1.618 fib retracement level of the most recent, short-term wave down, as well as the expected pivot for a retracement back down to the upper trend, should a confirmed breakout occur. As I already stated, there is still a strong chance for either scenario to play out, so this is something I (personally) will just be tracking for the moment, but not actually trading until one of these two scenarios confirm. How I Might be Trading this: For a "fake-out" and break of the support-trend, I will be looking for a buy/long around $18,700-$18,800. I may consider shorting the break of support, however I don't really know ( yet ) if the risk/reward will be worth it, especially because this range being the bottom price-range seems likely to me, IMO. For a break of upper, medium-term trend, I would be possibly shorting around the target zone (shown with the box), then a buy/long upon retracement and testing of the upper trend. However, where the RSI's are upon testing that level would mostly determine whether I go forward with that trade. *This is all my opinion, based on chart data, and what I'm personally doing with my trades. This is not financial advice.*
COINBASE:BTCUSD
by DoozerInvest
$BOXD Could Pull A $RDBX In the Next Few Days - S/S + CatalystsSales 2021 = $177,000,000 Current MC = $127,000,000 Andrew Pearson Independent Director of $BOXD picked up 36% more shares in the last week. Insiders own 9% of the Outstanding Institutions own 39% of the Outstanding 38,700,000 Float 8% of the Float is Short $BOXD Will also be added to the Russell Index on Monday the last time a stock got added to it, $REV it shot up 500% Looking for a good move on this one stay tuned.
BLong
by StockGuild
1
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
Redemption I played this long into earnings in a post back then I had target over 100 (green boxes back around earnings), risk to 35 (red box where it has been trading post earnings). I noted I was hedging the ER and that worked out but I was completely wrong thinking the play was long. Well now UPST shorts are in trouble with a close over 36 it should see explosive upside off the recently formed Navarro 200 harmonic to pt 1 55, pt2 69.. I'd expect continuation if it makes it makes it to pt2. We have seen what UPST is capable of when the ball gets rolling. The explosive upside from here will begin this week when RSI crosses above its moving average, RSI crosses have captured its performance since IPO better than any other indicator and on average UPST has a 64% upside move following RSI cross above. 64% here is approx. pt1 (this is also the 1.00 of the harmonic, pt 2 is the 1.618 and the gap fill.. so decent confluence pointing to these levels). .
NASDAQ:UPSTLong
by JerryManders
4
AMC is getting readyAmc broke below the macro trend and found major support at 10. The market is looking ready for a trap rally in preparation for the rate hikes and fed balance sheet reduction next month. This, coupled with global macro-economic pressures like the inflated US dollar incentivizing commodities to be priced in new foreign currencies, declining US GDP, general inflation, and COVID, will pressure be put on highly leveraged entities to exit their multi-year short positions in small - mid cap stocks in order to deal with the decline in major/popular sectors across the market. Also, bull rallies during bear markets are notoriously led by a mass delivery on FTDs. If it becomes too hot, the rest of may will be dedicated to preparing for june rally as it marks the end of 2nd quarter. Note: Everyday hedge funds, firms, companies, etc hold off on covering 'memestock' shorts, the lighter macro resistance becomes. Take a look at the white line connecting the two short-squeeze spikes: that line is currently showing a resistance of 2600. Everyday that number seems to increase between 50-100. The sooner this ends the better so the near future ought not be so absurd for a squeeze prediction. GODSPEED. GOOD LUCK.
NYSE:AMCLong
by W40kProfit
11