My sub wake up. I fill you up. Let's have a pawn. Oh man, look at this look at this.

Our interest is up today up one point: six, four percent: i think you guys are like the data and analytics of today's video, but nonetheless, what is up everybody over the train straight three freaking talk fast and don't skip class baby like memphis by saying that i'm Not financial, advisor or expert so take this in the grand salt. Let's get into the video. So today, my friends before my fellow gorilla gang, i want to talk about a couple different things. Just give you the nightly update on ticker symbol.

Amc i want to go over the ortex data, the short interest percentage, uh, the volume percentage right. I want to go over the stanco tracker, which shows you the call options and the money, as well as current, about available shares that are to short into the market and then finish it off with the technical setup. And i think some pretty good words to to kind of leave you with for some parting message, but without further ado, let's get into the video baby. Let's do it, so i'm gon na start here with ortex.

As you can see here. This is a t2 system. Ortex is a short interest exchange website that shows you the overall trend in terms of short interest and whether or not shirts are covering or adding to their position. T2 system means that it takes about two days for any sort of transaction to settle right, meaning that if shorts were to cover positions, it takes two days shorts, established positions.

It takes two days to see right now. You see that the short interest actually went up by one point: six, four percent or one point: four: four million shares today. Baby, let's go that's filthy filthy, so that's a pretty cool thing to see. That is a short interest and about 68.45 million creditor enters percentage of free float about 13.39 and an interesting piece is this: the maximum cost to borrow 19? Now yesterday's video was about five or six ish percent right, nothing, crazy! Think about it like on an annualized mortgage rate.

So if you were to pay 19 on an annualized mortgage, that's not a very good deal right! That's pretty junky! You don't really want to sign on a mortgage like that right, so that puts some pressure on short positions and it just starts to squeeze them down and make them want to cover they're short right. This is starting to go up because the utilization is starting to go back up a little bit. This was down about 78. Now, back up to 82.9, the short interest went up the harder the stock is to borrow the higher that short borrow fee right right.

It's about supply and demand right. So if there's less availability demand goes up, you know that's going to make cost. To borrow interest rates. Go up less you know, demand is going to equal more supply, so that's kind of how this whole.

You know. Sort of process works, it's basic economics, so we're sitting pretty good man. I really like seeing that i'm going to show you the advanced chart just so we can get an idea of the average days on loan i like to show. This is something that i picked up from matt coors.

I think it's a really fascinating piece to be able to touch on every day. If you look at this, the average days on loan is sitting about 47.55, meaning that the average short position has been established somewhere in this 10 to 14. Ish dollar range, honestly, maybe even cheaper than that right. So that's a pretty cool thing to see.

It just shows you how deep in the hole these guys are how big the losses are for the short sellers right, pretty beautiful. I want to show the daily short sale volume percentage, and this is a cool thing to see because it's starting to get a little bit of a spike back up right. So look at june 14th. It should have been yesterday monday.

The super blind percentage was 43. I was like behind about one day, so we're not gon na know how much shorting took place today until tomorrow, but i would anticipate it's gon na be a little bit higher than that right, just based on the overall price action. Now, if you have to look also, i'm gon na give you both sides right. I'm gon na give you the truth.

I'm gon na sell how i think it is the entire market today didn't really perform super well right. It was a sell-off day within the market. An amc out of every single, heavily shorted stock was the one that's shown bright right. It was the one that was really ripping and making some some good cash.

So there is the off chance right there. There could have been some people who were day trading this stock swing trading stock, scalping the stock right today that just ended up taking profits and getting out right that could have contributed to the overall price action, but it's nothing to be detrimental or concerned with right. So that could have also happened, but i i really do think shorting was a huge piece of the equation and the majority of the equations, so that's kind of a really cool piece to look at as well current available shares to borrow stocko tracker. This shows you kind of the overall trend over the shorts are covering positions.

Adding positions lenders are making more shares available. You currently have about 3.2 million shares available, and this has stayed about the same since 11, 30 or so. This doesn't necessarily mean that shorts weren't, using these positions or the actual shares and the reason i think this is because the etf available shares actually went down in correspondence with the amc shares remaining about the same and going up right. So what could this mean? It could simply mean that lenders were just lending out more stock for short positions to be established, or there could just be more shares on loan, which would make sense if you look at utilization starting to creep back up from that 78 range to 82.9 right.

So that's kind of what you got cooking up right here in terms of stockholm tracker, a lot of call options in the money: 484 000 and it'll be 31 000, more than 60 range, which brings me into the technical analysis setup. You can see how critical that 60 level truly is right. Now we got a false break over the 60 level today and i'm gon na be honest with you. I was surprised by this.

I i did not think you were gon na see this be a false break over 60, but it ended up being that, in fact, it ended up being i'm just going to lay it out how it is right. These are just. This is just a technical setup. It doesn't mean it's the end of the world.

This is just a technical setup. It ended up being a bull trap right that was a bull trap in case you're new to the channel. In case you don't know, i've drawn this up super easy right. So a bull trap is when you have a candle that has a wick establishing a level of resistance right, so you can think of this as resistance touching on that first, candle wick and in this instance it's an hour long candle.

You can apply this to any time frame right, a 1 minute candle 5 minute 30 minute 1 hour 4 hour daily weekly monthly rate. It all applies the same. That's what's beautiful about technical analysis right! You have a second candle that follows up in this case. An hourly candle right one hour, another one hour right and that wick ends up breaking over this level of resistance, but not the actual body of the candle right, indicating that price tried to push up over this level of resistance got rejected.

And typically after that, you see a sell-off. That's why it's called a bull trap, because sometimes people will buy the tip of that. Overall, you know candle wick and gets stuck it traps bulls. Hypothetically speaking, flips out you've got a bear trap.

It's the exact same thing except flipped upside down. You've got a red candle with a wick on the bottom. That has a level of support from it. You know breakdown under false break, underneath that level of support.

Typically, you see a reversal. So what ended up happening here in this short one hour time frame? Is you got a little bit of a bear trap a bull trap as i was right, so it ended up selling off just a little bit off that 6470 level of uh resistance or so 6460. We'll call it right came back down, but the beautiful thing is this: it's hugging right at that 60 level of resistance right once it gets a real, true, clean break over you don't get this this. This bear trap set up i'll, be honest with you right.

This is like eight or nine times out of ten. You get a one-hour candle that closes above at the top right, this level of resistance, eight or nine times out of ten. That's a freaking slam, dunk, that's as good as it gets, but that's the thing about the stock market guys, nothing is absolutely guaranteed. It's just how things would usually go and honest to god.

This is something that has been predictable for a long time. Is these sort of moves right? That's how we predicted the breakover 1450 being critical, the break over. You know 33 dollars being critical. There's a lot of things you can do with technical analysis and the same.

The statement stands true right. You get a clean break over 60. I stand by 70 dollars being that next round level to watch for right now. I want to show you sort of a really beautiful setup.

I talked about this in my last video. It's this george w double bottom setup that you got rocking right now you get a clean break over that guys. You are genuinely looking at. I mean this is the neckline brake setup.

That's just a bullish! Freaking, stupid, filthy disgusting ape nasty setup that you got rocking right now and you get that clean break over it. You test 70. It's gon na run, that's just as simple as it gets right now. I want to show you this on a different time frame as well the daily candles, because this gives you extra confirmation - you know what it is, come on, drop them in the chat.

It's another george w right. You've got a double confirmation of how critical this 60 level really is right. It's a critical, critical, critical level so that break over 60 bucks is going to bring you something really nice. Now, looking at this on the daily candles, you can see, we just talked about bull traps right.

We just did it's possible right, i'm not gon na anybody just based on technicals alone, if you're live in a vacuum, that's all that you're paying attention to it's possible that we see a small pullback tomorrow. It is right, if you're mentally prepared for that. As a scenario, it's okay i'll be fine. I'm chilling i've held on negative 15 20 days.

I've held on freaking 97 gain days right. It's a scenario. Other scenario is this right and i think the more likely one, but just based on technicals. That is an opportunity.

It's a chance right, it might end up happening. The other scenario is we end up getting a retest of 60 bucks. Now i've talked about that for test trend rule and it's still hanging on this fourth test. It hasn't quite removed itself away from this overall level of resistance at that 60 dollar level.

So it might end up retesting that 60 level of resistance, and if it gets that break man, i'm telling you it is going to be filthy. You will it's going to run it just will it has to all it has to do is hold that right. Hold over 60 bucks will bring you 70.. That's that next round psychological level of resistance, there's a nice gap in price action here.

A lot of volatility happen in that 60 70 range. So if it fills that gap beautifully, it's gon na get comfy. It's gon na get really comfy and eventually bring us up to that hundred dollar zone, which is where a lot of these call options could potentially run in the money and you get some gamma squeeze effect. So that's what you got cooking up right now: two scenarios right i'll: try it out for you, nice and simple.

First scenario: we get, we get a break over 60 bucks and it ends up doing some sort of rip up here and then either a bouncing off 70 or b hanging out somewhere around here at 64.70 and consolidating right. That's the best case scenario to me until it ends up getting that next test of that 70 level of resistance could happen. The same day could happen. Two days later could happen three days later.

I can't predict that right, i'm just telling you one scenario that i find more likely second scenario just based on these daily candles. You get some sort of pullback. What would that pull back? Look like well, let's just take a look at the overall chart setup and we get an idea of where you've got some major levels of support right. So looking at this chart setup you've got this ascending level support.

It's been hugging that pretty well broke it just barely. I wouldn't even call it a hard break and it's still kind of rocking this any level of support. You always look for three touch points. You get them one two three right still respecting an overall high or low stair stepping setup, which is bullish right if it was to break dad where's.

The next level of support to watch for it's gon na be somewhere down here in this range. At about that 45 dollar level of support right, if you're gon na drop a fibonacci retracement, just based on previous trends, you're going to have a little bit of resistance. First right a little bit of a zone of uh, you know shorts having some weakness between this 38.2 and 50 retracement if it was to pull back down to there, which would be 53.66 dollars and 56 bucks. That's a little bit of a range right, but that's just based on previous trends, where you can see this pulling back to if we were to have some sort of pullback tomorrow.

Those are the two scenarios right, i'm bullish on nancy stock. I don't know when this thing is going to do what she's got to do, but this week is freaking, prime guys. This is an opportunity. Remember this remember this always this is always what i come back to.

They could have covered at five. These could have covered it five. They could have done it back here. They could have done it back here, seven dollars.

They could have done it back here at nine. They could have done it here at fourteen. They could have done here at nine again. They could have done it at 10..

They could have done this a million times. They could have covered it 14. That could have covered it 30. They could have covered it freaking 47, but guess what they didn't.

You know what they're doing instead they're shorting it some more up. 1.64. Today t2 settlement system they didn't cover they could have covered at five. I have no remorse for people, betting against the apes, the retail investors and the like and i'll.

Tell you what this ain't? A problem going away man, this isn't something you can freaking just put a band-aid on. It's all taps and peace.