u/EveryonesNasshole

https://preview.redd.it/64r8bpt4hckh1.png?width=3199&format=png&auto=webp&s=4da0f880cb1131548f068af5165a7d37e0a0c1f2

spy had a small relief bounce due to the liquidity injection in the bond market this morning. considering how small the spy jump was, its a minor thing being absorbed just in time for FOMC notes meeting to not flush the market (just yet).... price bounced off the 767.47 line i told you guys about yesterday.. yes, i was expecting a gap down and it technically was happening until the intervention. but now were in the middle of the range.

773.83 is the resistance level now, but even if we break above it, price can hug the top of the line for a bit before crashing back down , or finally breaking free and going back up to the 775 levels.... its too early to assume were back... you can also see the 50ma and the VWAP are waiting for us slightly below that 773.83 level, so its highly likely spy rejects from there and comes back to the 767.47 level.

were in low volume because investors are waiting for the fomc and dont want to risk capital just yet. algos chopping sideways. wait til fomc before jumping back in. my bets are to the downside tho.

I told yall gme was gonna keep going down. Yall laughed and mocked. “It won’t go lower lol this is about to boom !” “Earnings !!! Moass now !!”Now, gme is down a LITTLE more and everyone’s losing their minds crying “THE MARKETS FAKE!!!!” “NOT REAL PRICE DISCOVERY” … and yall have to convince yourselves and others that it’s not you, it’s “THEM”….

Or you could’ve learned actual TA with all this time yall spent on Reddit reading stupid theories based off nothing and learn to be patient and make money off both the downside and the upside

But mostly all the “this is why I hold gme” posts, ridiculous. This is why no one takes this community (especially not the snobbystonk one) seriously. You guys aren’t investors. Just uneducated gamblers.

Go back and learn TA, learn patience, and trade other things while you wait for your “thesis” (lol) to play out.

Expect more downwards pressure, especially as markets fall.

Got a lot of private dm's talking smack about my charts, but also people wondering how to do technical analysis. gamestop is easy to do TA with, because price doesnt move (lol). so lets go over a lot of pictures. click on them and expand the images or put them side by side as you read so you can see what im reffering to. lets start with a weekly chart.

Weekly candle chart

This was the last interesting move gamestop had. i cry remembering this was the last time i made money off of calls on gme, before we got slammed back down for what feels like years. tbh i dont even remember what slammed us down ... but it left its print on price.( a quick gemini search shows it was the bitcoin purchase alongside mixed earnings).

anyways, you can see that 22 level holds from the selling off. (you can see price can go up or down but always comes back to that level....)

Volume profile/liquidity zones

Look to the bars on the right. volume profile... go ahead and look it up. they create "liquidity zones" that traders often refer to (without reffering to the volume profile). As you can see where i marked, between 24 and 22 is the "high volume nodes" for the volume profile...the place price trades the most. anytime price goes under it, it comes back up, and vice versa. you can see clear as day, we dramatically deviated from it the last two weeks. we got a burst of volume and it broke the support level.

drawing attention here

Now zooming out you can see the gap in the volume profile under current levels. i have it drawn out where the next "support" level is. basically if price breaks under current levels, expect a big flush down. MACD and RSI have plenty of room to drop as well, so dont fool yourself into thinking we are currently oversold or cant drop more.

switching over to the daily candles

zooming in, you can see it clearly, how these volume profile nodes work as support and resistance, and the fast moving action in between them. volumes gone down. macd is coming downwards. and rsi is going down... keep in mind these are lagging indicators, so it only shows you the past price action. however there are clues. for example, macd might look bullish because you see green bars printing, however you can see that there was more selling days than buying days recently, and volume ticked up with yesterdays selling. i also drew up the line which most of these days touched, and would you look at that, it lines up with the biggest volume profile node. so today, we broke below it and ended the day under it.

hourly.

switching to the hourly, nothing special. it does show clearly though the selling pressure.

short interest

ill attach the short interest, as you can see, theres been less and less shorting from the last year. dont give me none of that darkpool crap or shorts never closed. lets use facts and logic here. the chart so far has provided us guidance, more than enough to trade on. (worth following up on the next update as 08/07 will probably have a shit ton of short interest added).

cost to borrow

current cost to borrow is basically non existant. shorts can keep shorting with no issues. 0 pressure for a squeeze anytime soon.

fail to deliver

nothing spectacular here. considering it only goes up to 7/13, heres what we can do.

so all in all, expect more downside. today mightve added more pressure to the downside. next support is around $13. considering this bondholders vwap exchange crap happening, id expect a lot more selling pressure soon. (after doing some research, bondholders will get new shares september 23rd, which wont help a relief ralley, as the market will then lock in a more dilluted float. possible downwards pressure afterwards if no interference happens).

only catalyst coming up i can see if earnings, but expect shorting if earnings are good.

all in all, i see 0 bullishness in the current price action, other than a suprise earnings, which is incentivized to be shorted due to still being inside this vwap 35 days thing. (bondholders want price as low as possible to get the most shares). gme rides the spy waves up somedays, but nothing monumental. and with this rumoured ebay deal turning into a "partnership", well.....

liquidity grab/reversal

before i forget... this is the bullish signal for a reversal. when price moves quickly to the downside, usually outside a "range", and then revereses, expect the bullish momentum to kick in. so if price is 18ish right now, if it suddenly dropped to like 17 or 16.50 and then jumped right back up all of a sudden, prepare those cheeks. (basically the bullish signal/play). Its a classic liquidity grab, where market makers need to grab liquidity so they force price to trigger stop losses to give them ammo for a trip upwards.

(i have yet to see anyone post positive TA or anything remotely close to being "DD")

P.S. because bots and the zombie heard wont read this, lets play cultist bingo. take a shot for any comments that say "bought more gme", "lol were so close look how hard theyre trying", "what do others care what i do with my money", "why dont you just sell", "short it then".....thats all i can think of.

charty chart chart chart

your guys favorite chart is back with the crystal ball. Support is down at $13.24. want to guess where we are going IF THERES NO INTERFERENCE*? gamestop can trigger their buyback, but its best held for when we reach that level. #1 cheaper pricing and #2 itll have fundamental support, possibly boosting the recovery if a buyback is announced at those levels. could probably jump back to 22.14 that same day.

"theres no way gme will go that low. ITS DOING GREAT"
shorts dont care about ur opinion

"ryan cohen wont let it go that low"
the man could care less about stock price, until hes ready to do something

"youre chart is wrong. those lines mean nothing"
yet price has followed these lines extremely tightly.

what else?.....

"but the DD says..."
ok. go get ur triplebYq shares

*if theres no interference as in no buying announcements. no insiders. no buybacks. no roaring kitty. no filings of anykind. just time and shorts.

levels from moass days

gonna add this for those who are gonna wanna say i move lines or adjusted my chart or made these levels up. go back to my other posts and you can see where ive had these lines and the reasoning why.

Gamestop is down today after the release of this interview. If you watched it, you'd understand why. Ryan Cohen is on TV whining about the media and how unfair it is, and how everyones attacking gamestop and his ebay bid. Reminds me of a certain president.
The entire interview is the interviewer trying to ask whats the plan ? what are you doing with gamestop? will you offer ebay more? and ryan saying "look at our business, you tell me" and "im not gonna reveal anything".

This is what im talking about on my last post. Ryan Cohen really needs to work on his interviewing skills. He should be sounding excited and thrilled about this. It doesnt matter if theres tension with the interviewer. He couldve easily said " you know i dont really want to reveal my plan, but its exciting. ive spent a lot of time on this. if you know me, you know im cooking. i want everyone to see what gamestop has in store for the future with ebay"... something positive. inviting people to be more curious. As it is now, he just sounds soooo whiney and doesnt give any information. Why would someone, not in the cult, want to risk their money on this???

Ryan Cohen shouldve stayed quiet instead of doing all these horrible interviews. The man cant sell ideas. And if you disagree, youre probably in the cult mindset. You have to be objective if you want to actually make money supporting this company, and if you were smart you could make money on the way down and up. anyways, thanks ryan for those puts.

but we gotta revisit my gamestop chart. Ive made no edits to it since i started my post back in march.

my first post where i called out the pop.

ive stopped paying attention to gamestop for awhile now. polishing up my options trading skills with 0dte spy. (its been fun). so the lines youre looking at havent been changed or moved since i made this chart.
i bring it up because were sitting at a support level thats held since january of 21. we broke under it in May of this year, and have been at the most boring price action since. this last week, we closed under it, which brings my attention to an opportunity.

this is either going to fall back down to $13, or reverse soon. this is a months long liquidity grab, if we shoot up. or, were about to have a pretty big sell off by some longs. i know you apes dont do research outside of memes, so let me draw attention to the volume profile on the side.

volume profile

this is where the majority of buying and selling is happening. we are right under the biggest price action volume node at the moment. it acts like a support or resistance range. going under it means itll be harder to come back above it. it explains the last few weeks of price action, when we initially fell under it.

this week is basically a test for gme. either reverse and recover the support, or prepare to fall to new 52 week lowes, with trajectory towards $13. in which case, short term puts is the play.

Now, i know im gonna read all the comments about " but q1 profits!" "sell then and miss moass" etc etc. So lets discuss the business as well as the technicals of the stock.

Shareholders approved dilution = bearish

ebay rejected the offer = bearish

mid year with no catalysts in the near future = bearish

the share buy back isn't free money for investors. because i know you guys want to mention it. the share buy back is to fight off shorts who might pounce at this opportunity. If price gets too low, they issue a share buy back, to maintain the price high enough to offer "half cash half stock". again, ITS NOT FORE SHAREHOLDER BENEFIT, ITS FOR PURCHASING POWER FOR THE BUSINESS

Q1 profits are nice, but as you can tell, it didnt attract investors in flocks. Theres too much uncertainty about the company, and Ryan Cohen isnt a charasmatic CEO, as seen in his 'half cash half stock" invertview.

Which i just have to bring up. Charismatic CEO's is a major factor in companies success. Elon musk (before he opened his mouth. people used to call him the irl tony stark), steve jobs, bill gates.... their image reflects on the company, and Ryan Cohen does not have a good image. Hes "the memestock guy" who cant answer questions in an interview. so, if you want to see a turn around, look for an image rebranding of the guy as a sign. and no , his other interviews arent that. he doesnt stand out to the regular investor, and you have to be real about these things if you claim to support gamestop.

if you've made it this far, thanks. Im not a gme basher. im an investor who doesnt ride a mans d for 5 years for no profits off of "buy and hold". options baby.

so unless theres something else in the works that gets suddenly released, or a kitty return, im leaning bearish on price action in the near future. however, if the mechanics of the market cause a gamma squeeze because of massive shorting, those calls will be juicy. set those price alerts, and learn options, boys.

ill throw in one more picture just fo fun

for fun

4 hour candles. $22.14 is the resistance. if you want to stop looking at the chart, set a price alert for when price rises above it. or 20.89 if you want to go for puts.

Using fidelity trader +

heres how my trading screen looks. i got the top stocks of the sp500 on the top left. under it, the vix. then the big chart is spy, and the level 2 and time of sales. all i need.

so what has worked a lot for me this last month, is waiting at the open. i let the tech stocks do its thing. lets say they all start green. then, 1 or 2 of them start losing gains. i bring up that stocks chart. once i see the others losing momentum and going downwards, i enter the trade (in this case, puts). i wait until they go in the red. this whole time, im watching the vix, it should start budging upwards. not too much, but slow and steady. thats a green light.

once the vix spikes, i should see all of tech in the red. usually microsoft is in the green when the others are red, recently. idk why. but at that point, thats the sell. If youre lucky, you keep holding, they all go deeper into the red, and you make a lot more, but from this last weeks experience, they tend to go back to neautral or green not too soon after.

this gave me pretty good returns, and seems to work everyday. The only issue is waiting for the heatmap to reverse or start losing momentum. Theres days they dont. I dont mind not trading those days, but thats my "perfect setup" to go into a trade.

also, vix is at a big low right now. If we get a day that vix spikes back up to 17+ at the open, id say thats a good entry for puts.

i forgot to mention the time and sales and level 2.. thats just there to make me feel smart. it doesnt do much besides showing me when the big move happens. it looks like a nightclub with the flashing green and red really fast. sets the mood for some gains i guess.

comments or feedback would be appreciated.

GME is actually a little interesting right now. Not gonna lie, i am bearish after this whole ebay thing, but i do have my eyes on the technicals, always.

15 min candles 10D chart

So if we look here, i want to point out a few things. MACD has been above the 0 line the last two trading sessions (including today). This, at the bottom of the volume profile, where we are at risk of falling to $20 if price had kept dropping. On top of that theres more green than red on the volume chart. Big spikes in volume at the end of the day as well.

not just that, but RSI has also been making higher lows.

highlighting what im looking at

Despite the negative sentiment, it appears to me that theres some buying.

options chain

lots of call options OI at $25 for this week. but thats not what caught my eye.

$30 strike call for 5/29.

the huge OI at $30 strike is what caught my eye. theres massive bets that gme will be at or above $30 at the end of the month. There is nothing near as much OI in the next 4 weeks. Not even for earnings.

Now, that doesnt mean it WILL hit $30 by end of month, but its something to keep an eye on. If OI increases day after day, thats a sign someone might know something, or someones confident in the options plays. Price always moves towards these price points. Could also be a liquidity play by market makers, which just means sell the option as soon as volitlity spikes near the target price.

considering the recent price action, im bullish on a $25 strike end of month call.

Gotta keep an eye on cost to borrow as well.

GME CTB

Its nothing right now, but if we start seeing go to 3%, 5%, and so on and so on, then thats a sign that the recent shorting might have been a bad play (lets face it, shorting gme recently was free money). But if theres news yet to come out, or someone buying, then this could explode. Not that im expecting it, but this is the kind of situation where its low risk, high rewward, if im right.

Weekly candles

Going back to my original chart, the current weekly candle is at a critical point. If you look at the far left, that big red candle, thats the support weve been bouncing off of for a year now. this is STRONG support. The two times we dipped below it, we had strong green candles bring us back up. You can see that we stayed below the line for 3 candles or 3 weeks MAX before shooting back up.

These things individually, ehh. Could be something, could be nothing. But all together, I see potential. We always go below a support line, before we go back up. This could be what brings us back up.

daily candles

for more confirmation, since the heavy shorting started, we printed green MACD bars that could start the reversign momentum. bringing us back to the 0 line on the daily. Timing is right. RSI is very low. Lots of room to run up. We're also at the bottom of the Broiiler Bands. Price could snap back to the middle of it, or top of it, which would bring us close to the $25.

These are all things Im looking at as I read my charts, and make options plays. As you can see, I take into account different time frames, different signals, and make predictions with room to be wrong. The only reason im making this post is because of my longer time frame chart. This feels suspicious af.

[THIS IS NOT MARKET MANIPULATION AS THIS IS NOT GUIDANCE NOR ADVICE, ITS MORESO DD AND DISCUSSION]

This one might be boring for all you “GME to the moon” apes, who don’t read, so skip this post if that’s you. For everyone else, I’d like to discuss something that keeps getting buried every time it’s brought up. OPTIONS.

I’ve been here since February of 2021, when the squeeze got my attention. I read all the “DD” (most of which was crap btw. Sorry but 99% of you guys don’t know jack and it shows), and from there have watched countless YouTube videos, not just of technical stuff, but of market makers and hedge fund managers talking about what they do. I’ve read SEC filings and reports, company quarterly reports, and books on investing and investment tools. Despite 5 years of this, I’d say I still don’t fully understand it, and continue to lose money putting it in practice, however there’s one thing I’m sure of

OPTIONS

I have learned about how market makers buy and sell options, hedge by buying shares, pin price to maximize losses, make liquidity grabs to take your orders, and so on. It’s all built to give the house the edge. However, tying it back to GME

2021 was a gamma squeeze. I don’t care what the SEC report says, that’s what it was. There’s reports that back up this thinking. They state that the SEC fundamentally misunderstands hedging, they focused on the wrong time frame (late January, and they missed the time of the massive short position buildup), and that “retail hype” was the scapegoat to explain this market mechanic.

And I’m here to tell you, THE SEC ISNT GOING TO POST A REPORT THAT REVERSE ENGINEERS HOW TO MAKE A MASSIVE SHORT SQUEEZE.

Take a minute and go read the report again. The SEC has the balls to say that retail was buying more puts than calls, and that hedge funds were buying and not writing these calls. Think about that. They said RETAIL WAS HEDGING when there was a squeeze. Have you guys seen these ape posts or tried having adult conversations in this sub, or that other snobbystonk sub? Retail doesn’t know how to hedge for shit. They go all in.

I’m saying this because if you understood how options worked, tie that into the short interest, cost to borrow, and FTDs, you start to see it clearly. Hedge funds sold more calls than shares existed. Let’s say there was 480M shares available. If there was 480,000 calls in the money sold, then think about that. If they were exercised, there wouldn’t be enough shares. What do market makers do? Hedge. They buy shares as calls go ITM in case they are exercised. Now how do you get 140% short interest? A mix of a gamma ramp, naked calls sold, and naked shares.

So you start with tracking GME. You watch its options chain. Let’s say price is $8 and you see high open interest at $10. GME has been going up for weeks, so you buy some calls for $10. Other people see it and buy in too. As price nears $10 market makers have to buy shares just in case. As price goes up, people who want cheaper lottery tickets buy the $11, $12, or $15 strikes. As the week ends with the $10 calls ITM, because there was such a huge amount, the next week price goes to $11 then to $12, and screw it, let’s just go to $15 because there’s a lot of open interest that’s causing market makers to hedge. So long as the options buyers aren’t selling their options, the ramp keeps going.
You do keep an eye on cost to borrow, as that tells you if there’s pressure every day and when pressure gets relieved. If cost keeps going up, expect shares to be hard to find. That’s momentum. Track your FTDs on top of that, and look for that T+35 from last month. It gives you an idea of when to expect price jumps.

This is a simplified explanation, but you need to do your own research. I’m just tired in bed trying to do a PSA

So basically,GameStop was cheap, kitty bought in, options were being bought, market makers probably sold them naked, then dr b and cohen came in, and price caused a gamma squeeze as more and more options went itm. I don’t have the data as for some reason it’s hard to find, but I bet the options chain looked crazy during December and January. So many options went ITM and market makers were desperate to hedge by buying shares but no one was selling. That’s what the squeeze was. Think about that interview with Peter what’s his name. “If the longs had known they could recall their shares, it could’ve collapsed the system”

It’s not hard. It’s math. There were more options ITM than physical shares existed. That’s what would’ve sent the price into the stratosphere. Yeah, buying and holding shares helps a tiny bit, but it’s not near the same level as options. It helps if you don’t allow share borrowing, and don’t sell. But retail doesn’t have enough shares for it to really affect a gamma squeeze. When they turned off the buy button, and killed momentum, the options holders closed out. Share buyers sold. That’s a fact. And the closing out of those positions, along with the margin call of 3Billion robinhood got waived, allowed the market makers to short tf out of the stock and reposition. Those FTDs piled up and that’s why price rocketed back up February and march.

All these stupid theories about swaps and hidden short interest are stupid as f. I’m sorry, get mad, but I’m over your guys theories that have no merit to back it up and nothing to research. If you wanna argue this point, make your case instead of just disagreeing.

RK posting his Options 101 meme
RK posting his options in his YOLOs
The WEEKS long ramp ups that are violent
The follow up a month later, usually

It’s all options guys……
Now I’m not suggesting anything, but price isn’t going to skyrocket randomly tomorrow off of “hope” or “swaps”.

While I have your attention, I’d also like to bring up the fact that RK built up his options position in 2024 over a few weeks, quietly. Then he tweeted, and started posting and made his livestream announcement. He positioned, and then built up hype with us dumb apes. I’m not against him at all, but he was manufacturing his own Damm gamma squeeze. How do I know? Because it was working. The moment markets opened that Monday, I bought far OTM calls that I could afford, and price went toward if and beyond. And guess what happened next

GAMESTOP RELEASED EARNINGS IN THE PREMARKET AND ANNOUNCED THEIR SHARE OFFERING
The day of his livestream. I think that’s what the bandages and beat up look were all about. He wasn’t trolling the media on purpose, he got murdered by Ryan cohen . Ryan cohen shortly after came out saying he doesn’t like traders or speculators .
RK was in it for a squeeze, RC said no.
While I do see Ryan Cohen wanting to do what’s best for GameStop, he didn’t care for RK or us. I say us because WE could’ve benefited from a squeeze, a lot of us did. Those who held since then missed out and are probably in the red from that day,

Idc what you vote for with this eBay and dilution, but if you’re like me and want wife changing money , learn the options plays, learn what to look out for, and stop blindly believing in RC. Sure he could make a good plan, and in 5 years your $50,000 turns into $120,000
But I want to 100x m pay returns on the next gamma ramp,

Ty for your time