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WC: 23.49 Target: 1800-2400 MOASS: 47k-100K: IT BEGINS

As the title implies I do think that what we will look back and call "MOASS" has begun..from a technical and market mechanics standpoint...

Technicals:

22 Level

Ive been consistent for weeks now in saying that 22 is essentially the floor.. and price has been absolutely respecting that general level
Temporary dips below dont invalidate as in my general view of TA it takes SUSTAINED lower movement (i.e. lower highs and lows) to truly invalidate a key structural level

Elliott Wave Count
From an Elliott Wave count perspective, price holding the general 22 level is a very good thing as that shows price is respecting the 05/24/24 and 08/05/24 lows which I am counting as the completion of important lower degree Wave 2's that I am tracking as part of the main macro count

SPX Synergy and Deviation

I ranted for weeks about the importance of Synergy between SPX and GME...WHEN IT MATTERS
I consistently said that there is no such thing as permanent negative/positive BETA..and that POSITIVE Beta is needed and will help FUEL the MOASS ENGINE..and eventually price would deviate and that GME WOULD BOTTOM FIRST...and thats EXACTLY what we have seen as of now.

SPX should be imminently close to bottoming as well and the subsequent runup we see over the next couple of months is what will provide major FEUL from a sentiment perspective to our MOASS ROCKET

MARKET MECHANICS

Convertible Bond Holders NEED price above 29.85 to realize profit
The shorts they put on that brought price down are to HEDGE their position (aka stay Delta Neutral) until that happens
They will ultimately close some or all of those shorts as price nears 29.85..but do be aware they will add shorts back on along the way as price retraces to hedge against any significant moves lower which will greatly increase VOLATILITY..and thats where the Arb Traders come in
The Arbitrage traders have been feasting on market volatility in the meantime..and they will continue to feast on any significant volatility swings

Margin Calls and Shorts Covering

Margin pressure is INTENSE right now across the market and Hedge Funds are feeling the pain BIG TIME...that means Legacy Shorts are too
I said a few weeks ago that the market in general was starting to see Shorts bail on positions and you can expect that to intensify as GME rises
dailymail.co.uk/news/article-14574029/hedge-funds-margin-calls-donald-trump-tariffs.html
reddit.com/r/GME/comments/1j9txci/shorts_are_covering_as_we_speak/
bloomberg.com/news/articles/2025-04-02/short-covering-is-lying-beneath-the-recent-stock-market-rebounds

Settlement Cycle Indicator

Tweaked the "blue lines" and modified it so that each settlement cycle has its own distinct color
Remember all of the lines are PROJECTIONS which means they are drawn BEFORE price even gets there
With that in mind notice how well they correspond with major changes in the price structure
Its not a crystal ball per se' but its pretty darn good as far as Im concerned (notice how it NAILED the April runup from last year- wish I had it back then smh)

As a reminder my final VIDEO updates will be on:

04/19
05/03
05/17
06/07

GOOD TRADING TO YOU ALL!!!

交易進行

Let me clarify the Market Mechanics piece above:

Long-Bond holders really want price above 29.85

Arb Traders could care less and make money on Bond/Stock mispricing via options volatility

You can also have someone who is playing both angles

But know this: once price gets near or above 29.85 things get really spicy for all involved

A short squeeze puts Arb Traders at DIRE Risk of having their trades liquidated if they can't cover effectively

交易結束：目標達成

Seeing the Cohen moved a bunch of shares into a Margin Account..interesting

I have no idea why but my first thought is that he wants to access additional leverage

We shall see but its starting to get reallllllyyyyy spicy

註釋

Morning!

Casino will be open later

Its still all eyes on the VIX..markets are shaky but I do expect them to settle

GME is holding up extremely well all things considered and I expect that to continue

註釋

Touched and retraced from Micro Resistance..thats a good sign people..

This market is settling it seems..for now smh

Any sustained market POSITIVE sentiment we see is ROCKET FUEL for GME right now..watch out

註釋

The last week in markets has been one for the Business School and Econ class books I tell ya lol

Sentiment is the only thing that matters in markets...no matter what... everything comes back to sentiment

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And thats a wrap!

Well wasnt that a day in the markets lol

Still tons of uncertainty in the markets but GME is looking curiously strong in this chaos...maybe we are not so crazy after all (wink)

註釋

Morning!

Casino will be open later

Market seems to be settling again..for now smh

But as I said yesterday ANY sustained positive market sentiment will be ROCKET FUEL for whats most likely coming after 04/20

註釋

Micro Resistance still resisting

註釋

Provided SPX shows some legs from here we should be headed to the Major Resistance zone above

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And that's a wrap!

Well as we see the market is still fighting to find its legs

Bring on 04/20

註釋

Morning!

Well the trade war has escalated AGAIN..and continues to spook markets..

GME is still holding up well compared to other major tickers

註釋

Made it back to micro resistance

Lets see what happens from here

註釋

And thats wrap!

Well well...look at the market now smh...

I guess the "It Begins" piece of the title of this update wasn't too far off

Lets see if "It" continues

註釋

So you know my "Blue line" settlement indicator?

I typically set it to show projected settlements based on the Daily timeframe

But I have playing around with it and wanted to see how well it worked to show INTRADAY settlements WITHIN the daily

Seeing some pretty interesting stuff..notice the price action around the lines

註釋

Morning!

Casino will be open shortly

Another day of watching the VIX..as it goes the market goes

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Expected path as we lead up to 04/21

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And thats a wrap!

Soooooo much shady stuff going on with the VIX right now..not to mention its obvious someone front ran that pump yesterday in SPX..

GME is holding up well folks!

Hanging out in the Micro Resistance zone but that shouldnt last much longer

Yep..it all seems to be coming together

註釋

Morning!

Casino will be open later

Still and will continue to be throughout the rest of this saga- All Eyes On The VIX

註釋

And thats a wrap!

Yeah things are kicking into high gear

Will be reaaallly interesting to see how Options Market Makers handle this

If the The Cat makes an appearance next weekend like I suspect..LOOK OUT