Oh, let's go baby. What is up, everybody welcome to trace trades, where we freaking talk fast and slap. The ask baby how we doing i'd like to promise myself, i'm not a financial advisor. This is not financial advice.

Obviously so take what i say with a grain of salt we're going to be giving you guys the daily update here on ticker symbol, amc. Obviously i want to roll over. Obviously a lot of things. We've got a freaking crap ton to talk about in terms of.

What's rocking on the amc chart what's happening, what can we expect? How is the vortex data looking? Let's look at the short volume percentage and we'll look at stockholm tracker, a general idea of how many total short shares are available right then i want to talk about the technical analysis and the overall psychology of amc right, because fomo is a term. That's been tossed around a lot and i've been very sparing with it. I have not said fomo very many times the last couple of months and there's a good reason for it, and i want to talk about what that actually means and why. I think it's actually going to come into play as it sits right now, so without further ado baby.

Let's get into this video, it's gon na be kind of fun to see where this is at in the after hours, after we're done getting through this preliminary stuff. So we had a beautiful beautiful beautiful freaking day. We were up 19.96 percent coming up 1.65 in the after hours and still even freaking. Still look at this short interest change.

The short interest actually went up today. It went up today, baby we're up 3.96 percent. So anybody out there that's telling you this was a short squeeze. This is the shorts covered.

That's why the price action went up. This is live updates. This is today's changes live updates. This origins went up four per cent.

You have a net change of five million. More shares that were shorted into the market today and we're still up 20 freaking percent, so don't buy that flood. If there's any fud, i haven't even looked, i just got off work. I'm way too excited if there's any flood going around right now saying this is the squeeze blah blah blah it's not.

This is a technical breakout. This is why we were talking so heavily about 1450 being a critical level right. We got that clean break over 1450 and the fact that we held it is exactly why you were seeing this crazy stupid move. It's a technical breakout.

This is not a squeeze right, so just keep that in the back of your mind, i want to say that first and foremost, utilization - absolutely stupid - 99.32. Incredibly high. If you want, you know, dig into the utilization and the share recall theory that i have. I made a video earlier today check that out, it's a pretty decent one right days to cover at 1.39.

This has gotten down. This is the question i was asked in my live stream. The reason that it went down the days to cover short interest, divided by an average volume over a given period of time right. This is the three month average volume, so storage, divided by three month.

Average volume volume going up will lower that overall days to cover number, which makes it hypothetically speaking, easier for us to cover positions profitably right. But as we see here, the majority of shorts got to be pretty deep in the red right now we are up 20 on the regular day up 1.1 percent in the after hours right, most short positions have been established, have been holding for a prolonged period of Time, extended period of time are significantly in the red right. This is where they start getting ugly for the hedge funds and the market makers who are manipulating corrupting and committing to fraudulence in the stock. So do not worry about that days to cover it's still high.

Anything number one is a significant value, i'm very happy with where we're sitting right now shares only say about 129 million. This number is going to go up, given the short interest. Change is four percent right. You can expect that number tomorrow, when i make my my nightly update right to be higher without a doubt.

Estimated for interest is currently sitting at 80.8 million. Keep in mind. This doesn't take into consideration the synthetics which you can think of as naked shorts, as well as failure to delivers right mac. Queries call me right now, but i'll call him back.

It's all good. So that's something you can take into consideration right. This isn't the whole picture. This is 85 of the reported short interest.

Data right of all exchanges about 85 percent and reported is in height. You know it's bolted out. I'm emphasizing that, because we know there's fraudulence, that's committed right, there's a lot of fin reports that come out saying: hey this hedge fund, this hedge fund institution, this institution all got dinged essentially for malpracticing and now reporting of short interest data. So this is just a general idea: it's a trend.

It's not the whole picture, keep that in the back of your mind, daily short sale, volume percentage right. We are still significantly high for the last five days now: 61, 56, 57, 61, and the day before that you saw a total of 49. It's been astronomically high. It's been over 49 for the last five days over 56 for the last four days, and i'm anticipating that today, when this data comes out eventually tomorrow and recover, this video you're gon na be looking at a pretty huge, daily short sale volume percentage.

Where is this? Coming from hypothetically speaking, shorts are covering it's almost like things, don't add up right, so just keep in the back of your mind, right numbers, numbers numbers and if the numbers don't make sense, it's probably for a freaking reason. This is being shorted and the apes are starting to take control of the stock right. Everything is freaking, it was all lined up for the hedge funds, all lined up for institutions all lined up for the market makers. They've got way more data than we do.

They've got way more resources than we do, and still you see the power numbers you see why they call us dumb money. You see why the media comes out and tries to scare people away from amc stock, and it is because of this sole reason. The apes together are freaking strong. We can do so much more together, we can do by ourselves and they are scared of us.

Absolutely amc is starting to do exactly what we wanted to do. Stockholm tracker, you can see there are currently zero available short shares for borrowing now keep in mind. This is probably not the entire picture, but it gives you an overall trend. It tells us it is another, essentially confirmation box.

We are checking, saying yep. This is being heavily shorted today and even with the heavy shorting, we are up 20. Now i want to talk a little bit about this overall run now. They've got over the data on the numbers and why we might have seen this significant run-up.

So, let's just look at the call option spread for may 28th, currently trading at 16.41 cents and the may 28th friday expiration call options. How many are in the money at this point right? There was 19 000 total call options at 15 and the fact that we're over 15 bucks - you know, especially over that break even price. I would not be surprised if these are starting to get hedged for right, and hedge for essentially is delta hedging. This is just the market makers that write up these call option contracts, hedging against delta.

They want to manage that delta level right and this actually ends up getting bought from market value and if it doesn't, those are failure to delivers if they don't actually end up buying that stock. So they can deliver people exercise right, which essentially just racks up synthetics and, at the end of the day, is going to help the apes overall. So there's potential not guaranteed right. This is just speculation.

It's a hypothesis that we did see a mini beginning of a gamma squeeze today, but where the true gamma squeezes come into effect right as we get deeper in the money call options deeper out the money, i should say deeper out. The money call options that start to get run in the money. Ten thousand at twenty one dollars and you've got twenty eight thousand here at twenty eight and we've already talked about this before the june 18th. Call options are forty bucks.

If these run into the money, 147 000 of these call option contracts and 40 bucks those running in the morning and get hedge four man, it's lights out, man, it is done done done done. Freaking tandy town, chicken church kraken kingdom we're going to freaking pluto it's as simple as that. Now i want to talk about the overall charts. This is a new unseen, never seen before level.

This is this. Is i'm sorry territory right? We don't have trends to look at in terms of where this can go right now, but what we can do is give you some different things to talk about right. This is the bullishness of this. Let's talk about the overall volume, so the volume on the day we have seen so far about 206 million total, which is almost twice as much as we saw yesterday.

This is something we've talked about pretty regularly over the last couple of days. It's the fact that hey on green days, the volume is gon na be higher, because typically people like to buy green and sell fear right, but the fact that people are not selling the stock people are continuing to hold they're not going to have that volume. On the red days, so volume drives volatility. Volatility drives higher price values, especially when you're looking at amc stock and the majority of people that buy don't sell it.

They just continue to huddle on right. So that's a beautiful, beautiful thing to see. Now i want to look at the one-month chart and just give you guys an overall picture of what you're looking at the significance of this breakout right, so this breakover 1450. What this essentially means is the next overall level right is this prior squeeze it's as simple as that we are looking at unseen before circumstances on chart of waters.

This is something that you can't map out in terms of amc in january, when i talk about amc stock - and i said, hey technical analysis - doesn't do a whole lot here right. It's because you can't predict something that doesn't have a trend. You can't there's no trends for a squeeze right, there's just not there's no trends in the least bit for a squeeze, so now that we're on untrended water right. We have no price action outside of this squeeze right here, which is stupid volatile.

You can't trend that out. There's no trends about this i mean i could try and map out levels of resistance in some sort of fashion, but the closest we can really get is something like this right somewhere around that 17 24 cent mark, and maybe around that 20 mark right, but the Psychological levels of resistance obviously are going to exist, but this is what started water simple as that right this to me is the beginning. This is the beginning, and i stand by that statement. There's a reason i've said may june.

I would not have given you guys a prediction if i didn't think it was going to come to fruition right, i had to have a decent amount of confidence to put myself out there and say: hey, there's pretty decent chance that this happens right now and i Still can't guarantee anything right, but i stand by the fact that we are sitting in some really beautiful, beautiful waters. Now i want to prepare you guys for the best case and the worst case scenario. Now. What do i mean by that right? So i'm going to drop the worst case scenario.

First, we're going to talk about the best case scenario after that worst case scenario. Is this: we get some sort of retracement some sort of pullback tomorrow and routes to the ultimate squeeze. Now, what's going to happen, you know what kind of trend can we even drop? What kind of technical analysis can we do by the off chance that there is some sort of correction right? So this is a fibonacci retracement if you're not familiar. You just draw this up from the base of our up to the peak of our run-up, and it gives you an idea on where a stock can be traced to if it ends up pulling back right.

And we know, historically speaking, that amc retraces somewhere between 50 and 61.8 percent about 90 percent of the time right so simple as it gets. This is zero. 23. 38.

50.. You can assume that if this was to correct it would fall into somewhere in this range between what it appears to be about 1491 and 1523. So that's about what the level looks like as i'm looking at it right now. So the worst case scenario is this: you get some sort of retracement some sort of selloff and it pulls back down into that zone if you're looking to buy more stock for cheaper right and the squeeze continues on the path that we have seen here so far.

That is going to be the zone to buy it at right, but this is the best case scenario. Best case scenario. Is you get some sort of either a consolidation or b trend? Continuation and consolidation is not bad right if it's just trading sideways back and forth. In this little zone between - let's just say, 16 bucks and 17 bucks, would you continue to bounce back and forth between that? Well, look at this guys.

This was consolidation right here. This is ultimately what set us up to get where we wanted to freaking go right. Ultimately, and let's just look at the hour - charts this consolidation right here right, this is ultimately what set us up that get leveled out that base to get us ready for the next leg, up, it's okay, to consolidate. If that's what ends up happening, so i want to prepare you guys for the best case and worst case scenario, and if it consolidates or rips either one is a win right.

You can't beat that that's, ultimately getting us closer and closer and closer to where we want to end up going last thing i want to talk about is fomo right, fear of missing out. This is a term that essentially just means people like to buy greed, and it's not something that i've thrown around a whole lot right, like we've seen this, you know, come and go come and go on moves from 12 to 13 from you know, 10 to 12, From 12 to 14 - and i didn't certainly didn't throw it on fomo, it's as simple as that and there's a reason why? So, let's think about this psychologically right? What does it truly mean to be scared of missing out on price action? It means that you want to buy that stock at any price, any price that the stock is trading at, because you think it's going to run so freaking violently. Now let me ask you a simple question right: why would people ask the best time to buy a dip? Why do people ask the cheapest price that they can buy it at if they thought that it was going to squeeze that day right? They wouldn't it's as simple as that. The psychology of fomo is there's no better time than now to buy a stock because we don't want to miss out on the run-up now.

I'm gon na be honest with you right. I had absolutely no fomo in this trading sideways. You know period of time. I just didn't because i'll tell you why, right now, it's because we've seen that price action before right.

It's it's charted waters, we've done it! We've been there. We've seen that right, it's as simple as that this is uncharted waters. So thinking about this psychologically speaking, this is where fomo can really truly truly set in people. I i mean this when i say it: fomo is as simple as this people want to buy a stock at any price because of how much they think this is violently going to run up, and i truly do believe where we're sitting right now.

The bullishness of amc stock, the fact that it's still green in the after hours, even after a 20 green day, this is where you're setting fomo uncharted waters the highest. It's been since literally the squeeze back in january. This is fomo. This is the uncharted waters.

This is the time when people want to buy stock because they don't know how high it's going to go and they don't want to miss out an opportunity to make stupid stupid stupid money. So this is an opportunity. My friends, i truly mean it when i say this is where fomo sets in it's as simple as that, if you are sitting on the sidelines, you've never seen amc stock and you've been bashing nancy stock. It's even gon na be the freaking kobas out there.

I guarantee it there's cobas out there who've been trashing mcstock for who knows how long they're gon na be looking at emc stock in the next couple of days, the next week or next, two weeks, whatever it is right who are gon na want to buy into This that's the full move, that's the formal i'm looking for and we are set up for it, and i absolutely 100 mean that guys. Last thing i want to say before we close off this video is pat yourselves on the freaking back. If you've got a pair of freaking diamond nards or diamond ovaries that have been hottling on for this last five months, i'll tell you what that one cent price target, all the fun all the media bs, all that sort of garbage that's been coming out and trying To scare people away from what we knew was factual, it didn't matter you held on you. Did it it's freaking awesome, i'm proud of everybody and that's what i've got for the video today, so blah blah blah blah blah blah, like the video consider, subscribing whatever you want to freaking do catch y'all in the next one, my friends, my family, my fellow freaking Gorilla gang much love and peace,.

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