All right gang after a freaking a day like this, i think what we all need is a little bit of titan in our lives. Sleepy boy he's sleepy he likes sleeping on my computer because it's warm look at you, you sleepy boy, you sleepy boy, you goofy chicken he's looking at the computer right now. He wants back on the computer all right, i'm sorry for waking up from your nap buddy! Oh man, what is up everybody when trace trades, really freaking talk fast and don't skip classes like their premise, by saying that i'm gon na find your advisor experts so take what i say: the great assault, let's get into the video. So today, my friends, my family, my fellow guru, gang i've, actually got a surprising video mapped out for you, this uh amc's red day today down eight point: four nine percent.

Now this is something i'm actually genuinely surprised by and i've always come out and i've told you guys what i think you've got some bearish uh movement on the horizon, and today's price action was definitely surprising. You got a little bit of a bull trap set up leading into yesterday on the hourly candles, but that doesn't justify this sort of sell-off. This systematic freaking down, laddering that you saw here today uh that happened, but as always when i get stuff wrong, i want to come out here and tell you that i got stuff wrong and yesterday's video i came out - and i said, hey, i think you've got A pretty decent move coming up tomorrow in the next day or so, but i do still stand by my statement saying that when we break that level at 52.79 you're looking at that next big move to all-time highs. Now, what is that timeline going to look like? I don't know yet today, if this is going to, you know dictate that you see that upcoming move the next one or two weeks as i did yesterday, but i will tell you this: it did break this up trend that we have been on for quite some Time and i'm gon na get into this more, we get to the ta later in the video, but we have to see how the trend plays out.

I've got a couple of different road maps laid out uh just based on some ta and that sort of stuff, but we're gon na go over a couple. Different things. Anyways give you a short update on the ortex data, the short interest uh. It hasn't changed much but i'll.

Let you look over that in case you're new to the movement, i'm also gon na go over the flow data, which is unusual. Whales shows you the call options and the put options. The long calls along puts they're getting thrown into this stock and then go into the ta, the technical analysis. So you guys have an idea of what might be coming over the next couple of days to help prepare you mentally for those sort of moves, and you can make your own financial decisions and uh what you want to do with that sort of thing.

But before we get into that, i do want to say this right red days, green days, all sort of stuff up here you got ta stay freaking level cool comment collected as the mass investor would say right. These sort of moves can happen and, to be blunt, the spy, the entire market right now very freaking shaky and choppy there's a lot of indecision taking place right now, keep in mind. Amc has a negative beta value, meaning that typically, it won't respond to what the market's doing on any given day. But when you do have shakiness in the market that is going to affect the psychology behind different people within the market right which is uh the average retail investor the ape out there, and i think it's really important to stay, grounded in that right.

Good days, red days green days, whatever all the in-between stuff, it's easy to sit back, kick and relax on the green days. But as i've said before in yesterday's video right, remember these hard times, i'm telling you this is nowhere near the end of the road for amc and if one eight percent red day after a freaking three-week string of green days is what's going to set you off. You got ta, take a step back my friend, so let's get into the video just wan na make sure everyone's uh, you know rocking doing. Okay up here go have a freaking beer play some golf play with a cat.

That's like that's what i do and i need to take a chill pill. So anywho we've got the short interest. Data pulled up here. 19.26 percent is the current short interest of free float and that comes out to about 98.53 million shares.

So that's a net difference of about 3.3 percent to the downside. I've got the short interest trended out right here, as well as utilization i'll talk about both of these things. But, as you can see, the overall trend is still macroscopically going up. You have huge values that are being represented within the actual short interest of amc, based on 85 percent of the exchange reported finra short data.

That is way more than enough ammunition to get this thing moving, and i'm actually going to show you a trend that i like on the uh, the ta on the daily and the hourly candles. Once we get over to the chart - and i think it's going to sell your minds a little bit because i know it did for me - the short interest and utilization go hand in hand as a utilization is the amount of shares that are currently on loan compared To the entire pie of available shares for lending and that utilization is currently sitting at about 90.47 now notice, this utilization has been going down for the last couple of days, while the short interest is going up, and what that means to me is there are more Institutions out there who are likely long stock who are borrowing out those shares against their position, because the risk for them is minimal right. They get to collect the cost, to borrow essentially they're, making a small annualized interest rate uh and if you're making. You know 1.65 on that stock and you lend out, i don't know 20 million shares you're, making a pretty decent amount of money, considering the fact that the stock is currently trading at 47.39.

So i wouldn't be surprised if you've got some big institutions out there. That are doing that. Considering that that utilization is going down, while the short interest is going up, because the free flow hasn't changed, which tells you one thing right, there's just more lenders that are willing to take on the risk of lending out stock to short sellers or people who, just Like to take that share on loan costs, to borrow it's, it's still doing a lot of this up and down stuff. To be blunt with you, it's kind of consolidating right now, it's really not going up a huge amount, and that is likely because that utilization is dropping now.

I think you would actually see that cost to borrow go down if it weren't for the fact that we are on a macroscopic uptrend here for amc. Look at some of the daily candles very easy to see right. The last couple of weeks have just been beautiful. You just had a great string of freaking price action getting thrown together here with amc and before this right.

These two candles right here had two pretty rough red days in a row. You got this nice string of freaking 10 solid days to follow after that. So what you've got here rocking now is a very similar setup right had a nice little string of price action similar to this setup right here to this nice green candle, pull back, and i wouldn't be surprised you could see a pullback tomorrow. I've got this mapped out, but we're still on that uptrend, my friends.

This is still looking good. So with that being said, that's kind of what you got rocking with the short interest data, as it is right now, which leads me to the flow, which is what i want to show you next. So i'm going to pull up amc and i'm going to show you the exact filters that i've got set on this. So you can see exactly what i'm talking about the filters on this.

I've got a fifty thousand dollar premium range, meaning that i wan na see buyers that are stepping with at least fifty thousand dollars to back their bet for a call or a put, because that that basically is just showing me that big whales are moving money into This derivative, now, what you can see here is that into the close you had a pretty decent amount of uh calls right, and these are all ask side. So it's no covered calls. No uh short puts right, you're, not hitting the bid side, whatever that you get. What i'm saying so looking at the overall charts here, it was a pretty even flush right.

No ever i'm telling you how it is right now, there's a little bit of uncertainty, which is why i've got mapped out two different possibilities leading into tomorrow. It was an even steven spread across premiums on calls and puts so there's an equal amount of buyers and sellers that are betting on this, going both directions and just slightly more call volume than put volume, but the premium being dead split even leads me to believe. There's just uncertainty right. This could pull back for another day and that's just how it is right.

I'm just telling you that right now you look at the overall uh dates that are being targeted and you can see that a lot of these puts are actually being targeted later into the year back. You know more so into october and november, which uh, i think is a. I don't know. I personally wouldn't do that, but obviously i wouldn't play put on amc to begin with, just because this stock can rip on a dime if it gets some sort of nice volume behind it.

But nonetheless, that's what you got cooking up, which is what leads me into the next thing here, which is the overall ta right now. I want to show you this on the hourly, because i've got three different road maps kind of mapped out here now. What i've got here is a purple trend line, a white trend line and a black trend line. You can essentially think of these as the three road maps that i think could end up happening based on the ta that i've personally done now.

These these green boxes essentially are just zones which i'd call supply and demand zones, and this red box right here represents a supply zone so supply meaning when it enters that zone. You have the possibility to see a rejection with a volatile move back down, uh to the downside, to a demand zone which essentially, would be the opposite way. You can expect buying pressure to ensue now. Why is this important right here? It acted as a supply zone.

Right it entered this zone; it sold off immediately bounced into a previous demand zone, bounced back up bounced into this uh supply zone bounced down once it pushed through it. It pushed into the next overall supply zone bounced back down. You can see here that it hesitated once it entered this now, acting as a demand zone which is previously a supply zone, and i would not be surprised to see it get it pushed back up. But if it pushes back down beneath this demand zone, there's another one right here right.

This overall demands that i've got. These labeled is basically world map. One worst case scenario bear scenario here. Is you get a push underneath this 200 ema, which is this purple trend line it's a 200 period exponential moving average and if it breaks beneath that into this demand zone? This is where i would expect to bounce back up right now.

I've got that mapped out for you right here, something like this bounces down into the demand zone, bounces back up into the previous now, acting as supply zone, but was a demand zone. Second, is this: it just gets a bounce straight out of this overall demand zone and it could end up pushing straight through this. You know spot right here. I think you could see some selling pressure or it could reject right back down into this demand zone to ultimately get a retest back into that overall uptrend that we have been in for the previous couple of days.

The best case scenario, obviously, is it bounces straight out of this freaking demand zone and just get some nice price action back up in that 50 dollar range, but i'm not gon na i'm not gon na bs. You guys the picture between now and yesterday shifted a lot in terms of uh what the ta is doing right, there's a there's. The possibility for this trend to have ended right here, moving into essentially setting a new trend. I wish i could give you guys different information than that, but you're looking for a new trend to develop, i i try to make my best case judgment on an overall trend and this uh this trend that we've got rocking right now it broke right.

It broke the trends. We have to wait to see a new one develop, which is why i've got these three road maps pictured out. It's essentially just what i think could possibly happen right. I don't have a freaking.

I don't have a crystal ball. I can't predict absolutely to a t what is uh, what is going to go down with the price action for the next couple days, but that's what i think is about the best case scenario right just based on the things that i know so uncertainty. I think the best way that i can put this is just looking at the overall flow coming into the stock right now right, you had a massive amount of uncertainty, there's bulls and bears on both sides of this. That are betting, that this is gon na.

Go up that it's gon na go down, and i cannot. I can't there's no way to differentiate that right. This is uh at the end of uh, this previous trend that we've watched play out for the last freaking 14 16 17 trading days, and now we have to watch a new one develop. You know that just is what it is.

That's that's the situation that we're in right now and i'd much rather give it to you straight than try and pretend like you're gon na see this thing, freaking just continue to rock it, because this is an uncertainty territory. This could go in either direction and these are the directions i think it could go in outside of that, the stock is what it is. My friends and i don't don't get this twisted with price action, i'm gon na close it off with this. I've said this a million times, if you have conviction in a trade right, if you think a stock is worth x, but the stock is actually trading at x, minus y, i think of uh, i think, of warren buffett right.

You don't always have to pick the right stocks. You have to pick the right stocks and know uh know what you're doing with them. You know if you think this stock is worth more than it's trading at right. Now you shouldn't be sweating, an 8 drop unless you're playing call options, in which case there's time, sensitivity and that sort of stuff, which is why i always recommend not to play weeklies right it's entirely and if you are going to think of them, essentially as a Lottery, do not allocate a large percentage of portfolios to that, in my personal opinion, obviously do what you want to do, but risk management is everything, and i do not want you guys to get stuck on this, but with stock purely right with stock purely on this Bad boy you're not sweating this.

If you think it's worth x and it's trading at x, minus y. Do this number rub your freaking hands together pop up a bag of popcorn eat some lemon pepper, attendees and bide your time and that's what i've got for this video, so blah blah blah. You know the whole sp deal drop a like consider, subscribing whatever you want to do. My friends catch you all in the next one, much lovely taps and peace.