48 of american adults believe that the stock market is rigged. You may ask yourself, you know why. Why do i come to this belief? And i don't think too long about that, because it really doesn't take much thought but uh. Today i got to witness something that you really should not have an explanation, but i think, does uh within amc.

Now we got to see uh a wild pop today uh. We were up 30 25 at one point in the day, uh up to about 13.78 cents, and this is nowhere near making up for uh the losses that we've seen over the last couple of months. However, it does sort of give an inclination as to something that we can talk about so guys before we get into that. What is up everybody, i'm going to trace trades, really freaking talk faster, don't skip class.

I like to profit by saying that i'm fine they're going to say they're going to saw let's get into the video uh today we're going to be giving you an update on uh amy amy had an interesting day, and this is uh. Definitely one worth discussing as you can see by the thumbnail, if you clicked on this video uh. This is this is actually a pretty peculiar pattern that we got to witness today. So a lot of people have sort of pegged what you're witnessing right here as a form of a parabolic arc.

You see this huge push-up, followed by a push down a rally, rejection and then a slow wave as it rides down. Uh, a fib retracement right got a little pop-up here and what was about march or so, and today i i think, was a form of ftd delivers or a small percentage of uh short covering, so it makes sense in my head right. You got a huge uptick in volume. If you look at the one minute candles, you got lots and lots of volume.

If you look at the daily candle, you can see that in comparison to the usual day uh, this was significantly higher. I mean the volume on the day was uh in the neighborhood of 140, 104 million shares as compared to 58 million so likely some short covering uh or a failure delivers or who knows what retail buying the dip there's a lot of things this could have been, But what you're going to notice is, if you look at this on the one minute candles something looks, vaguely familiar push up, push up, rejection, push up, testing previous highs, rejects comes down, and does this slow wave down as it's starting to form out this uh? This double bottom now i want to remind you: let's come back to the daily candles and look at what this is push up. A little bit push up, re-test highs, can't do it sells off. I mean this looks identical.

This looks like the exact same chart. I saw this on twitter and i want to give uh credibility's dude joshua pointed this out to me. I lose the trades, he said, lmfao no way. I looked at this and i was like.

Why is he showing me the daily candles, then i thought about it. Longer - and i was like - oh my god - these are the one minute candles this is. This is literally what we just witnessed today. It's the exact same chart.

It's the exact same chart. You might be asking yourself trey well, who cares, doesn't really mean anything uh, but but it does have significant meaning now. What i said before has significance 48 of american adults believe that the stock market is raked, and what this chart pattern tells me when you look at uh the the technicality behind. You know this exact pattern playing out again.

You could say well that tray i mean. Obviously the market just runs on patterns. It runs on ta. It runs on this and runs on that.

That's the whole point is just the the human emotions, swaying up and down up and down up and down right. But what this tells me is is a is an entirely different story. It tells me that algorithms run the game to see the exact same pattern play out on one minute candles versus daily candles. Do you think that a whole bunch of retail investors do you think a whole bunch of individual people are making that happen? Do you think that the emotionality within one singular day is what caused that pattern, especially when you look at the obv, you see that nothing's really changed people just buy this hold it buy this hold it.

This is just showing you essentially on balance volume which is accumulation of shares, and you compare this to other companies such as uh netflix, which i've seen drastic sell-off. You compare this to coinbase, which i call corn base, now significant sell-off, even the spy, an etf, significant sell-off people are distributing shares. They're selling shares that's not the case with amc, so if the majority of this is owned by retail investors, 90 percentage according to adam aaron, most of these are being held. Most of these shares are being held.

What the causes this then algorithms, i'm telling you it's algos algos, make this stuff happen and let these patterns happen, uh, as we just got to witness today, the exact same parabolic arc up down, retest highs, reject wave itself down. You just witnessed this happen on a one-minute time frame, and i bet you money if you look down at one second, you'd see the exact same thing playing out somewhere else in the grand scheme of things now. Why is this important right? Well, first and foremost, i think something pretty interesting is uh that the spy got a pretty similar little rally today before eventually selling off uh amc tried to track this. It tried to track that spy rally as uh.

It tried to regain sort of this level right. This falling level of resistance, it taps it rejects off of it. Now it's down here uh decently, low volume day, not as high as we've seen on some of these previous sell-off days and to be frank with you uh, i think the fact that i tried to push lower and rejected uh off of that low volume could actually See some form of a small rally tomorrow or maybe more short, covering across other different stocks. But nonetheless, you know spy rallied along with amc and amc got some form of short, covering some form of failure to liver, covering whatever it may be.

That allowed for this exact pattern to play out, there's any grand, takeaway right and i'm going to keep this video uh decently short just as to not waste your time. There's any grand take away! It's uh that this is truly a game not for you right, but for the people that are presently moving the stock. If most shares are locked load, people would argue based on math, based on institutional holdings and short holdings and etf holdings and retail holdings, that over 100 percent of this stock is presently being held right. If that's the case, the game is being played by algorithms.

So, every single day right when you wake up in the morning, you look at the chart and you see this bam bam. Bam bam, bam, computer, rhythmic selling. What do you think causes that i don't have to tell you? I know that you know it. I know that you know it.

I don't got to tell you this alca rhythms. This is what retail tries to change. This is what we're trying to change. This is what dave lauer's petition's about the 100 000 signatures, for we, the investor this is uh.

This is literally what the last year and a half has been, and i think today is an opportunity to set a reminder of that. It's i think, like something i frankly could do more of. Let this be a reminder. This sort of wicked happens every day.

It's not just our girl, amy lots of stocks do the same thing controlled by computers factors you can't control. I would love to see the metric of 48 of american adults thinking the stock market isn't rigged go down, but it won't go down until it's not rigged. That's really it so that's what i got uh another red. I think it was slightly red or slightly green yeah, slightly red slightly red day in the market spy down point.

One percent got a decent little rally: lots of chop lots of waving around popping a fade popping a fade pop looks like it may fade we're gon na wait and see into tomorrow uh, but i would be watching for on the spy if you're looking at any Significant levels, looking at the one hour, uh i'm gon na the day, i should say the daily you're looking to regain this falling resistance, which was previously support. This white line, which, if it was to happen tomorrow, would be about that 394 range, crack 394 you're. Looking pretty solid, uh amc, i like that it bounced over ten dollars. This is a big deal.

We also have uh over 150 million total shares on loan presently for amc, which comes out to about 28 of the the free float of the stock, which is exponentially high, that's very, very incredibly high, so shorts continue to end nobody's covering maybe a small percentage today To get the the pop that we did, but uh the game stays the same. It's that simple! It really is that's what i got for you guys if you'd like to hop onto twitch.tv anti-juicer, i will be live streaming uh, starting at probably about 5. 30. 5.

40 ish uh today, i'm also going to tweet it out in the description box down below. If you'd like to join, appreciate you all catch on the next one as always: much lovely taps and peace.