What's up you beautiful people, how are we doing today? I've always read once again, seven point: six: five percent down about five and a half percent here and there's a lot of kind of noise spreading around on social media. Right now, right, you've got people who are saying this thing is over. You know you might as well sell your positions, all the freaking financial media. You got jim jim, jim bob's, greatly bob saying his nonsense on on twitter and stuff, and i kind of wanted to pass along a little bit of a story before we get into this.

It's something i i listen to and god of war, the the new one that came off our playstation 4. by the way can't wait for freaking ragnarok to come out holy. It's gon na be a lot of fun, but nonetheless it's it's about the turtle and the scorpion right. So essentially, what happens is the scorpion talks to a turtle and says hey? You know i want to ride across this lake because the turtle can swim.

The scorpion cannot the turtle says. Well. Why would i give you a ride? You know you could sting me, i could die, i could drown, that'd, be it. My life would be over the scorpion says.

Well, i can't sting you because you know. That means that i would die so turtle says: okay, fair enough. I suppose that makes sense, so the scorpion gets on the turtles back and they start swimming across the lake and the scorpion stings the turtle anyways, even though both of these guys are gon na die and as they're both drowning deep into the abyss. The turtle says the scorpion, it says: uh why'd, you sting me and the scorpion says it's in my nature.

Now why i bring that up is because the nature of people, the innate nature of people, comes out in the times that are most testing and the times that really have to reveal the nature of people. Now, what i mean by that is you're gon na see a diverse amount of opinions that are testing your conviction in the stock right based on the different hypothesis that have been formulated around amc stock. So is your conviction, true, do you believe in your conviction? Do you look at a red day and think to yourself i'm waiting for the day that i can buy more shares, i'm waiting for the day that this bounces, so i get that confirmation. I can take advantage of some really cheap market conditions or you're.

Looking at this, as i was wrong, i missed an opportunity to make money, there's two very different outlooks here and in my opinion, one of them is right. You make that decision for yourself. Ultimately, that's your own financial decision, your own financial responsibility, but there's two ways to look at that and your own human nature is going to come out. Looking at this sort of situation, conviction right! You need to have conviction in a stock that is going to really test your emotions, as you are seeing here with amc.

So without further ado. This is obviously the amc update for the night. I want to go over the vortex. That has a short interest.

I want to go over briefly uh the fintel thing, because i've seen that kind of floating around here a little bit, and i haven't seen that before i'm going to clarify just give you some kind of uh feedback on what that looks. Like the short sale, blind percentage, which is actually showing you that the short volume is starting to go up again, just based on the normal exchange data and then finishing off a technical analysis and there's actually a really interesting pattern that i'm seeing here with the macd. That i haven't noticed until i did a little bit of digging into the chart, and i think you guys are gon na like this, just based on the fact that i do think the selloff phase is coming to a close. You guys know if you watch my videos, i don't people right when i said this was looking bearish.

I stuck to that conviction. I said in the short term this is looking. Bearish have to be ready for that mentally. I've said a couple days ago, probably last week, honestly, that 32 hours was a possibility, if you break underneath 38 hard, and it still is in the short term in the short term.

That is something that can happen, but i do think that the selling phase is coming to an end. Will it be right? Well, guess we'll wait and see right, but this is based on technical analysis, which has been correct many times in the past. I'd say i don't know seven eight times out of ten i've been wrong a few times, but that's where things go so without further ado baby. Let's get into this video, so ortex not a lot of change.

You got 91.61 percent utilization. Probably the most notable change is, the cost of borrow has gone up to about five point. Four, eight percent, what's going around one or two percent here, so that is starting to go up a little bit adds a little bit of pressure to short positions. So that's something to watch for uh.

The free fall alone is about nineteen point, four, two percent, so we're interested about fifteen point three eight or tex came out today, and this is actually a pretty fascinating thing. Saying: look. The sheriff went up in that last two week period, but the short interest went down which is peculiar. This is a hypothesis.

This is exchange. Reported data has all the ticks up on this. No, this is what the information is that they're, given that's not their fault. Right they're just doing what they're told this is information that they're, given they have to report it, but what's fascinating, is their shares on the letter being reported as shares on loan, but the short interest went down.

What was being reported to ortex does not add up a whole lot to me. I would not be surprised. This is speculation put on that freaking tinfoil hat right. I've always i've said this before i'll say it again.

This isn't factual. This isn't provable. This is an opinion, but my opinion is that there could likely be a discrepancy in terms of the short interest versus the free float on loan, because we've seen that before the trend that has come to fruition when the shares on loan was sitting at. Like 140, 550 million or text came out and said, hey actually, the short interest is like four five six percent higher than it was being reported would not be surprised if there's a discrepancy here again for a third time so watch for that.

That could be an interesting thing to see in two weeks time near the shores of high percentage you see currently staying at 44 for yesterday's trading volume and it started a little bit of an uptick again right. I found a little bit of a floor here. Uh, a nice level of support, if you will at about 38, 39 or so, and it's starting to get back in that uptick sort of direction. My hypothesis is that shorts are trying to take advantage essentially of this little bit of a technical break and technical downtrend on the overall chart setup, which brings me to the overall chart setup and that is currently sitting in the very short term bearish.

Something to be looking for right, there's two ways to look at this: not four, two! You can look at this. Essentially, it's something to panic, be scared of get fear over right or as an opportunity to wait. If you're looking for a great purchasing opportunity, a great buying opportunity, a dip, freaking rip opportunity, 32 bucks is something to watch for. I can't guess it down to a dollar right.

Nobody can do that, but it is a nice level of support. The reason i'm saying that is because this is where you see some level of resistance in the past in terms of trading back here in late may, and the fibonacci retracement zone lines up fairly well with this 36 to 32 dollar range. Now it's a pretty wide range four bucks: i'm not trying to try to guess it down to a dollar, i'm giving you a range in which you can see that you're, probably going to see a little bit of a pop it. It zaps down like a bolt of lightning and it gets a little bit of a push back up and finds a little bit of this action or push back up like you saw right here now.

I think the most interesting trend and the reason why i think this downtrend is coming to a pretty soon close. Is this macd indicator down here? I'm a big fan of trent, in fact the trend so that i liked a lot was the three touch trend anytime. That amc would test a level of resistance three times the fourth test it would typically break for the upside happened at 14.50 happened back here happened. Uh back here with a false breakout.

Nonetheless, it still didn't happen and i like paying attention to the trend. So here's the trend for you fun fact all of these boxes right here, line up with the red segments of the macd, essentially selling pressure, the downtrends, the times in which you're not really looking to make any sort of buys, because the momentum is in the bearish Side, all these boxes are the same size and if you look at the bottom of my screen uh down here, actually, let's see if i can adjust this just a hair, so you can see that uh alt there you go and transition all right. So if you look at the bottom of my screen, right here check this out, these boxes line up with the red. All these boxes are the same size ends right here gets into a little bit of a nice bull face right about here, right, same size, overall box, just barely misses it by about a half a day or so, but it's about the same sort of segment right Here, macd same size box, i'm not kidding you.

I line all these up within a quarter of a day, so it's an uptrend right here, same size, box, same size, macd indicator right here, same size, box, same size, macd indicator. So where am i going with? This? Is if you look over here, i have that same size, box drawn up right now and the macd has reached just about the end of this box. So i would be willing to bet you what you're going to see tomorrow's based on overall trend, the thing that this stock has done repeatedly repeatedly repeatedly for the last month month and a half or so is you're going to get a bounce down. It's going to test somewhere in the 32 to 36 dollar range, and it's gon na get a push back up to get some sort of bullish, move, whether it be for a day two days, three days, four days five days, i can't predict that, but what i Can say is trend speaking statistically speaking, this stock is vastly oversold on the rsi.

It has been for a great period of time. Right, it's been on a downtrend. It's it's sold off a collective amount. The volume has been going down.

The volume exhaustion is starting to ease off the gas. Look at the volume right. Look at the daily volume the volume's been low for a little bit. It's it's fine! In that consolidation pace.

It found the comfort zone in that range of between. I would say: 50 million 100 million shares trading a day, so now that it's cooled off, you've got that cool lot period. That's what the rsi essentially is. The stock's got to take a breather before it goes for that next overall round.

It's coming close to the end of that overall breather phase, and i wouldn't anybody you know me. I don't do that if you look at the overall trend right here with these these daily candles, you see something pretty similar. What i would call this candle right here is a closing bar of volume in terms of the macd right. Typically, you get a huge bar larger than any previous bras.

You've got on the candle, maybe tomorrow i'll be bigger. I can't predict that right, but what i can tell you is this sort of momentum is not sustainable eventually that overall selling phase comes to an end and you're going to have a slow but steady, ease up and selling pressure to eventually get back that momentum to Bring amc back to the next overall bull cycle, which i do think is coming the very macroscopic right, the daily candles you're coming near the end. I really do truly believe that you've got double confirmation here, the rsi very cool top down about 40 on the rsi right here. Last time i was down at 40.

It got a bounce, it had a nice beautiful bounce up to 70, all the way up to freaking 94.. How about them press right? Let's look at this again 47, how about back here 38. This is way back before the apes even touched the stock. This is the lowest that the rsi has actually been literally since the apes have touched the stock back in january, the lowest.

This is the most oversold the stock has been since the apes have ever seen this stock literally, it's intense. I really do truly believe that this bear phase is coming to an end, and i i would not bs anybody right. I think tomorrow you are gon na, have a sell-off, but i think sometime within the next couple days week or so somewhere in that timeframe, you're gon na have that nice bounce, maybe a little bit of this, the consolidation, the nonsense, the back and forth the fluff. The bunch of blah blah blah, whatever the boring stuff and it's gon na get that momentum back.

The volume will slowly start to resurge technical analysis is not useless. I promise you my friends. This is the sort of thing that has been able to predict. Some of these big moves predict these sell-offs down to 32 down to this zone right here right, where you saw that nice bounce back up, it's useful, i'm telling you through all the manipulation, all the fraudulents, all the corruption, that's the thesis! That's the hypothesis! That's the! Why, behind the trade, the technical analysis tells you when to buy the, why the fundamentals of the trade, not necessarily the company of the trade, tell you why to buy and that's what i've got for this video, so blah blah blah drop like a subscriber, my friends, Catch you on the next one light taps light taps all day forever: never never much love and peace.