WC: 23.59 Target: 1800-2400 MOASS: 47k-100K: PROFIT

5 Jul

I am a trader...I have one goal at the end of the day: MAKE A PROFIT

This will be my final post on Gamestop as I am now dedicating ALL of my time to Macro Market Coverage...

I FIRMLY believe that there is a high potential for markets to turn SIGNIFICANTLY LOWER over the next year and plan to show people how to trade a bear market profitably and not get absolutely wrecked

As part of my Macro Coverage I will be covering stocks that have high potential to run so I will be dropping updates on GME here and there as it runs

Ive posted every trading day (and the weekends) on Gamestop for well over a year

I was around for the original squeeze and I will be around if (no guarantees in markets as I always say) it squeezes again

Ok lets get to what you want to know:

• 20 Week Cycle has NOT been invalidated as far as im concerned
  
• 06/09 did see big changes but just havent seen the price improvement...yet
  
• I think we see the price improvement start MIDDLE to END of Aug and will ramp up thru Sep/Oct
  
• I have SPX dropping to 5100-5400 over the next couple months...that will most likely drag GME down a bit but expect 21.54 to be a solid place to position trades
  
• If/When GME moves higher the FIBS ARE STILL YOUR GUIDE
  
• Draw an Anchored VWAP from the 21.54 low...If GME breaks 21.54 draw another Anchored VWAP from wherever it bottoms...those two VWAPS will be the most powerful things you can put on your chart to track GME trend
  
• TRADE WHAT YOU SEE...NOT WHAT YOU HOPE FOR
  

One last word on Roaring Kitty:

I do believe he is lurking and will be back...my guess as to when? Flip Mode 09/07

Histograms are not aligned yet and as you see price is choppy


From a 20 Week Cycle perspective it appears price will rise when it reaches the GREEN VERTICAL LINES


Still think this is the best interpretation ever laid out on what Roaring Kitty is doing..I obviously dont have it completely figured out though


Good Trading To You All!!!

P.S. the YEARLY VWAP is at 26....thats the likely LAUNCH point for price

5 hari lalu

Dagangan aktif

Morning!

This is the 3 week view of my ROC indicator

Notice how BEFORE every runup we see a noticeable positive buildup of BUY pressure

THAT is what im watching for at this point

3 hari lalu

Dagangan ditutup: sasaran tercapai

If this move up continues expect resistance around the 1.00 extension near 25

kelmarin

Nota

A GME squeeze will NOT cause the market to crash like many in the community think

In FACT GME's moves have essentially ALWAYS happened while in a POSITIVE BETA alignment with the broader market

PREDICTION:

GME's squeeze (if it happens- no guarantees in markets people) will be kicked off by the next earnings cycle and will coincide with BROAD MARKET STRENGTH

Price action will be weak until that time but once price gets moving it will rise and most likely (no crystal balls) peak in Jan alongside the BROADER MARKET