You know on days like today - oh my goodness, guys welcome back to another trade video. We have had quite the freaking monstrous market lately and that has rubbed off into a lot of uh a lot of things. I'm gon na start off here with the spy. Let me show you this by the way we're gon na spend the majority of the time on on amc, but i do want to show you guys that this is not just a singular stock.

That's got some uncertainty. Spy closed out about point. Eight nine percent today with uh what could be two's different scenarios. Essentially, you could have this be a flat top breakout right where you end up getting.

This is sort of a rejection before some decent sized major move, or this is a double slash, triple top rejection that could lead to some sell-off right. This is coming off a lot of different things. You've got the ever grant situation. I talked about this morning.

The the video was uh put up at about 8 30 central standard time. This could be about the inflation rates being at basically all-time highs. Since 1982, we haven't seen inflation uh as high in a single month year-over-year since about 1982 there's, there's a lot of things. Kind of going on uncertainty, overextended markets, uh, possibly some bubbles amongst a whole bunch of different stocks and the spy reflecting some of that uncertainty has rubbed off into amc.

Now it's been talked about a lot negative beta, but i'm not here to talk about negative beta when a stock is doing what it's doing right now a negative 15 day. I want to give you the rundown in terms of what i can possibly see and, as you can see by the title, i don't think you're done with the pain. Yet i really don't i'm not here to to bs. I could be wrong.

Maybe it's gon na go up tomorrow. I could be absolutely wrong, but the trend that i'm seeing my friends uh is still a little more bearish pressure, still selling pressure right. You make your own decisions. As always: it's not financial advice.

I'm not a financial advisor. Do what you got to do for yourself, i'm just here to tell you what a guy thinks about a current situation. So let me pull up the vortex data here for you right. What do we have rocket? Obviously, short interest up here, a little bit on the date up 0.64.

This is 85 percent of the exchange reported data sitting at 18.73. I'm going to show you the trend line, not a lot to talk about here, right, pretty decently, high syringes, just a hair below 19 percent days to cover starting to round out here sitting at about two uh which is actually higher than it was before. We had that nice move up here. Uh for that june run up.

Does that mean we're going to get that june run up right now? I don't think so right we're still waiting for uh a reversal. I have to be real with you right. It had the potential to reverse just based on that volume, but you have a higher overall volume, higher overall closing bar of volume comparatively to this quadruple bottom, very obviously, there was some buying pressure and attempt to get a move back up, but it's continuing on this Downtrend right, that's what you have rocking right now, short interest. Doesn't change, show us 7 covered positions, you're, not seeing any sort of uh squeeze effect on the stock.

Therefore, right shorts are still here. That's the truth! That's what you're, looking at right now important to note brings me to the chart right. What is there to talk about for the chart here today? It's good to recognize, you know facts that are are true and there aren't. You know facts that are true out there that are being talked about on reddit twitter, youtube, blah blah blah blah blah right in terms of shorts have not covered positions, and the problems still exist in the x and the y and the z.

But one thing that sometimes gets frustrating is when people say uh, the price isn't real right. Do i think that the price is being pushed down to some extent? Obviously right, that's why i'm here! That's why i'm talking about this, but when people cash out of amc right now at 23, if they're selling for a loss, it's very real, it's very real. We have to be realistic in terms of what the chart is saying on a day-to-day basis and that's what i want to tell you guys right now right, it's bearish, i'm going to show you guys what i've got drawn up here. I've got two potential scenarios that i think are likely right.

I've got a screenshot that maybe this is just easier to show you i'll just pull up this screenshot for you, because i drew this up and uh posted this up on twitter check this out scenario. One is in white, these white arrows scenario: two is in green. What i think is possible is two different things. Right.

You've got a demand zone down here in that 19 range 18 to 19 range. This white box is a potential gap. Fill the man zone is gon na, be the first thing to watch right. The worst case scenario is this white: these white arrows you're, probably gon na, come down and test that 19 range sub 20.

ugly disgusting right. The entire market looks nasty right now, a bunch of people are getting absolutely touched in the butt. It's not fun. Test of that demand zone come up to a fib.

Retracement, it could be 50 could be, 61.8 could be 38.2. I can't tell you with absolute certainty. I do know that that 50 to 61.8 is a level that amc seems to respect pretty decently. Well, so i'm watching for that between 2195 and potentially 2308 based on this move right here, right come back down to fill the gap, most gaps that show up on charts do end up getting filled, and if you look at this right here, where does this derive From i'm going to show you the daily candles right right here, this gap has not yet been filled, so that is a potential doesn't mean it's gon na happen.

No, but it does mean it's potential. We have to be watching for that sort of thing uh. Just so that you're ready for it that's the worst case scenario. The best case scenario is in green white, arrow white arrow.

I should say that's the first white arrow, just the first one but white arrow down. So this green demand zone, followed by this green arrow, which could come back up and test out this supply zone. That level i'll show you here really quick is between 24 80 and about 27 25, or so does this mean that this game's over? Does this mean that amc is done? This is where my good news comes in personally right. Think about this from a perspective of the outside.

Looking in is amc a better buy at 50 or at 22 from just a a bystander's perspective right, it's better buy at 22. Obviously, right does that make it easier for the people who bought in the 40s and 50s or 60s. No i'll tell you this right. What keeps me up at night and what makes it hard for me to sleep, is i've shook some hands and i've seen tears.

Roll down real people's faces, real people who are struggling. You know who say: trey i bought at 55 60 and i'm down a lot of money right now and i'm not a financial advisor. I can't tell people what to do. All that i can do is tell them what i think and ultimately the decision lies in their hands and that doesn't make it easier.

Coming from me to tell you you know, i i think this is what's gon na happen. You know at the end of the day the pain's still real. You still feel that and if you're feeling, okay, this message isn't for you right, if you're, if you're, absolutely diamond ball and diamond gnard. In this thing, your tits are cutting through your shirt because they're so jacked right go on with your day.

But if you are struggling right, all that we can do is rely on information that is available to us and the dd that we've done and the facts of the thesis behind the squeeze, which is have short covered positions. Is there blatant market, manipulation and corruption that exists on a day-to-day basis? Has it changed right and do you believe in what the company's doing do you think adam aaron's fighting for something that's going to fundamentally back these balance sheets, as this continues to sell off the way that it has? This becomes more of a realistic situation, similar to back in january right when this thing was sitting at five dollars of value play. Do i think that amc is worth 23.24 on the nose uh simply purely by the books right now, you can make an argument either way right. You can make an argument for the market cap of 11.9 billion dollars for where they're sitting right now, but what i would like to think about is like tesla right, tesla uh, i think, is trading above current market value, they're trading at expected market value right.

What can this company be in a year? What is it, what is elon, musk capable of doing down the road right and where we're sitting right now to me is a undervalue. It's a value play uh comparatively to where it's been in the past. This is not going to last right. This selloff is not going to last to put this in perspective.

They are science probably seen at 27. The relative strength index just tells you uh on a generalized basis. If something is in overbought or oversold, territory, 27 is lower than when this stock hit a dollar 91 back on january 5th lower than that right drastically. Oversold is an understatement.

I can't put that in a more simple context. Things do not last forever right. This short down uh down time - it's not gon na last forever and i can sit here all day and tell you that right but the other day. I can't change how you feel, and i recognize that, and i see that right and i i feel i'm not the same shoes as you and i'm not gon na pretend like i am.

I can't right i'm not in the same shoes as you, but i can't tell you here and tell you that what i know the facts and the facts are at least in the short term. I think there's more downside and you do what you got to do right. You do what you got to do. People first remember that take care of yourself take care of your mental, the character, physical, take care of the financial, all that sort of jazz right and i'll leave you with this.

This weekend i did a meet and greet i actually filmed the video hopefully coming out. This thursday uh for the one year anniversary of my channel, i wish that the the financial markets were in a better situation when this came out, but i will tell you that every time i meet you people in real life, it grounds me in what i believe In which is the people right, whatever your, why is whatever gets you out of bed in the morning, gets your titties jacked so hard that you can't put a shirt on you're gon na cut a hole through it right, keep coming back to that every single day. There's not much more, i can tell you guys that's what i've got it's, what i've got. If you want a review of this, you want something simpler, short, simple, sweet to the point i did put up this chart on uh on twitter, it's available for you here.

You guys do what you got to do. I love you all. Much lovely taps, peace.