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:
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
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
Trade active
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
Trade closed: target reached
If this move up continues expect resistance around the 1.00 extension near 25Note
A GME squeeze will NOT cause the market to crash like many in the community thinkIn 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
Note
Note
I obviously do not know for sure if and when GME will squeezeHowever, my indicators do tell me when GME is ABOUT TO POSSIBLY SQUEEZE which gives us an edge
Think of it like rain probability in a weather forecast...the higher the probability the higher the chance of rain
Ok so look at the TOP version of the indicator in the indicator stack below
GME ONLY SQUEEZES when the indicator breaches 100...
For reference the original squeeze topped out at over a 1000 on the indicator
Ok so thats what im watching for...as soon as 100 level gets breached, you will see me yelling from the rooftops to get ready as a squeeze will most likely happen within approx a week
GOOD TRADING TO YOU ALL!
Note
Note
Needs to push through resistance w/ RISING volumeNote
My custom momentum indicator shows how CYCLIC GME's waves of BUY/SELL pressure areIf the indicator continues to be accurate then Oct should see a 12 week cycle of BUY PRESSURE begin
Which makes sense as that is around the time I think we see the broader market find support on the decline that is starting which will see POSITIVE BETA fuel GME's 12 WEEK BUY PRESSURE CYCLE
For reference, the vertical lines on the chart show the main 20 week cycle that I have been tracking based on the 20 week cycle theory...still trying to reconcile what the indicator is telling me versus the 20 week cycle and RK's tweets
But again looks like OCT will see GME see significant strength
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.