You angry, are you angry? Oh man? Oh, oh, oh you're, freaking, just a little gymnast you goofball, oh man, figured you guys would want to see titan this uh this fine fine evening after a little bit of a red day, but uh he's he's he's in the mood right now so we're gon na. Let him be what is up everybody, i'm gon na trace trades. We freaking talk fast. I don't give a class.

I like your personality, i'm gon na find advisor experts, so take what i see the grain of salt, let's get into the video. So today, my friends, my family, felt like the game. We had a red day here on amc as i anticipated, and i just wanted to be able to mentally prepare you for that with yesterday's video, which is why i came out - and i talked about this fibonacci retracement zone - i'm going to walk you through. Essentially, what that means in terms of technical analysis, so that you can predict this sort of stuff coming in through the future, but if you're prepared for that mentally and psychologically, you know what the game is right.

It's part of the microscopic sort of uh what i would call retracement on the way to ultimately retesting that 50 mark down the road here. So we're going to go over a couple different things: we're going to go over the ortex data, because we did see an increase in short interest today, despite the fact that we have a t2 settlement system, meaning that any sort of uh return shares take two days To settle, and we had a huge push to the upside two days ago - i'm gon na get into what i think. That means, but we're gon na go over, that we're gon na roll, the stress of volume percentage, which gives us an idea of what sort of uh activity we're seeing in terms of volume on the stock. That way, we can analyze how the apes are fending.

On a day-to-day basis, let's finish it off with a technical analysis and uh, whatever trend we are seeing here, so we can have some sort of idea what is to come on friday and the following week and you can prepare for that. Any way that you want to, as always this investment is your own financial responsibility or a financial decision. I am just here to give one humble dude's opinion on the day-to-day day-to-day price action. The rest is up to you so uh without further ado.

Let's get into uh some gravy baby, we're gon na start off here with ortex, so ortix, you see, we have 17.04 percent current short interest of free float, which was a net increase of just a little bit about 0.27 percent. You saw that 286 000 shares were net positive borrowed today and, despite that we did see. Oh, i shouldn't say, despite that, because we were red but uh, that is, we did have a red day today, right eight point: three percent red and i'm gon na get into this more as we get into the short sale volume percentage. But we did see a huge uptick in terms of shorting yesterday 59 percent, and i would not be surprised in the least bit if you end up seeing that today, when that uh that data comes out tomorrow, you have a pretty decent amount of short selling.

We also saw the cost of bar remaining pretty decently high, that annualized interest rate, which is another confirmation that there is a little more pressure on short positions than there was previously utilization sitting about the same 90.95. Nothing new to note there, but the thing to watch for is the overall trend, so i want to show you the trend of utilization. I want to show you the trend of estimated short interest, and i also want to show you the trend of the average uh days on loan for any sort of short position, because you're seeing some pretty interesting data here with all three of these things. So the estimated short interest of free float went uh up a little bit here about 17 percent, or so, while the utilization has gone up as well, it went up to 90.95 at its peak here.

Intraday wireless short interest did pull back here a little bit now. The reasoning for that is because the shares on loan versus the actual short interest is not always the same. You can have a share out on loan while it's not actually a shortage shares just a length share that hasn't been sold into the market yet so that discrepancy here uh. Typically, when you see this variability or it bounces back and forth back and forth back and forth, you're gon na find some middle ground eventually.

So what i would find in the next week or two weeks when the next finra report comes out, is that these diverge in the middle a little bit. So maybe the utilization uh goes down just a hair it'd be like 90, 90, 91, 89. Well, the short interest goes up a little bit and that divergence point right where they meet in the middle. It's typically uh more accurate, so the larger the gap between the free, funnel and the actual short interest.

That's more indicative, essentially of uh, probably a discrepancy in terms of data. So how are we sitting right now? 105 million total shares on loan compared to 87 million, maybe it's off by about a million or two million, but just keep in mind. This is 85 percent of the exchange reported data. The most interesting piece, though, is this: the average days on loan is continuing to go up, meaning that older short positions are the ones still holding diamond pollen over in the the crap out of enough they're losing positions, while the new shorts are exiting.

That's why the average days on loan is continuing to go up, even though you have had the past couple of days, some of the shorts potentially cover or potentially add to the position, but more more likely than not. You know these guys are holding their stock price somewhere near this uh 40 50 dollar range, which is really dang close to where we're currently trading, and that should make you excited, because that means there's pressure on the short positions. I've seen this floating around twitter. A little bit, it was about the cost, to borrow the analyze interest rate, going up 500 percent from the minimum of one percent up to five percent.

And it's no coincidence that there's just more risk associated with an overall short position right now, which is why you're gon na see that casa bar go up. That is basically influenced by a few different things: utilization. What's the availability, supply and demand basic economics right and the risk to any sort of lender and or short seller, and as that risk goes up, you're gon na see that analyze interest rate go up because it is incentivizing people not to hold that position for a Prolonged period of time, so that's what you've got rocket on the vortex data, nothing crazy, notable to mention other than that cost. The bar remaining decently high for that maximum value.

For about the fourth consecutive day, which is again another confirmation that we're walking in the right direction in terms of the actual stock price and momentum getting behind the stock, you also see that 59 of the overall market volume yesterday was shorted volume, and you can see That on the overall stock price we i talked about this bear trap setup in which i thought you're going to see retracement down to that 40 to 42 dollar range, and you can see where there was a lot of pressure by the shorts to try and push The price back down: it's absolutely no coincidence that you had this double top bear trap set up at 4830, and it rejected immediately just like that, as well as having that high amount of shorted volume going into the stock. I mean 88 million shares short just based on whatever information was made available to this website right, it could be more than that not taking into consideration any puts any sort of naked short selling. Any failure delivers right. You you can see where they made that happen, and i'm not gon na be surprised in the least bit to see this exact same thing today in terms of price action.

Now what ended up happening today with the technical analysis right, i was decently close. I missed the the actual bottom of this uh, the sell-off by was it freaking 40 cents, or so i thought it dropped out about 40 79 at maximum value dropped down about 40 29, and what you can see here is that it tested out this retracement zone Immediately uh within the first few hours of uh market open and then it tried to bounce back up it rejected, rejected, rejected three times on hourly candles and when it sold off it sold that part and that's because it's a retracement zone. It's a technical point in which uh you can see some levels of support or resistance on both sides of the plate. So what ended up happening here? Is you have that break underneath that retracement zone back into that box, as well as likely some unhedging taking place on the options market? So i'm going to look at the puts first, because hedging goes on.

Both sides of the coin right puts are considered short interest in my mind because they move the price and the volatility of the stock. You've got a lot of freaking activity on the put side of things now, there's not a lot of puts from 41 dollars up to 54., so most of the uh hedging probably didn't take place here. Most of it probably took place on the call side of things between 40 and 50. You've got a pretty decent amount of call options that could have got unhedged forward, depending on where that meet in the middle point is in terms of premium collected by the market makers and how much profit is actually being put out to the investors once that uh, The market makers come to the divergence point in which they're going to come out net positive.

They don't have to worry about losing money on that contract. They're going to unhedge the position they're going to sell that stock for that underlying contract back into the market, and you can see that likely played a factor in this overall stock movement here today, because it's moved from 42 down to 40.. Well, if you look at the call options chain you can see there was a pretty decent amount of uh. You know calls here between 46 and 45 dollars down to 41 dollars.

So that's probably a piece of the puzzle. Now i think the most important trend that i want to be able to mention is that for test trend once again, because we came just shy of that 50 mark, you can see twice now that it's rejected off of about 48.30. Now, on top of that, we have two tests of the 4830 level, similar to the four tests that we had on 3750 before it broke up to 48 bucks. You also have an upside level of support and to find any level of support or resistance.

All that you're trying to do is connect dots right. So we have dots here. 1.2.3.4.. You can get the point right, so this is going to act as a level of support.

If and when it drops down to uh, you know below 40. Do i think it's going to happen? I think you're more likely to see it hang in that 40 range, but it's a possibility right. You have to be mentally prepared for that as it does come. You have another level of support, probably not quite as strong, but it is there nonetheless touching these three dots.

I would look for these three touch points to signify respective level, support resistance right here at about 40 and 37 cents. Now, in yesterday's video, i said what i'm watching for the test of this fibonacci retracement zone, followed by a strong bounce back to the upside, and i do think that's a possibility right. So i'm going to give out both possibilities that i think are going to happen here within the next one or two training days. I think the bullish case right you're gon na see a bounce off of this fibonacci retracement zone off this upside level of support back into that mid 40's range or b you're gon na see a break underneath this upside level of uh support and a test of That forty dollar range, because we're already pretty close to it, forty dollars and thirty one cents right now.

You could see a false break underneath that forty dollar range and push back to the upside. So there is a pretty solid trend here, guys i mean the the 15 minutes crossed over the 200 ema. The volume is surging, i mean: we've had monstrous monstrous volume. Over the last three days, it was cut pretty decently low, today 109 million, but that's a sign on a red day that people aren't selling the stock right.

When you have a lot of freaking volume going in on an 8 red day, you know what's happening. People are selling the stock, but when you have 100 million volume compared to 208 million volume, the previous day, you can see the imbalance here. You can also see that when you look at the overall order flow, there's really not a large discrepancy in terms of dollars. Coming in versus dollars coming out, 990 million dollars came in one billion dollars came out.

That's a difference of 10 million dollars. It's not worth freaking, eight percent. So you guys get the point right. You know the game if you've been watching the stock for more than a single day.

You know what this freaking uh this this buy and hold diamond ball. Ovary uh trade is about it's it's about speaking out against the things that piss you off. So that's what i've got for this video uh. This is one of the things that i'm watching for bullish case bearish case for the microscopic i am still bullish on this in the microscopic as well as the macroscopic.

Obviously, i think, within the next one or two weeks you are gon na see that fifty dollar test and break uh. It's just a matter of waiting out so uh. That's what i've got for you catch you on the next one, much love lights, apps, always and peace.