Hi i'm trace trade's mom, and this is me guys. I saw a bunch of people saying there's no way, there's no way, that's trey's mom, but it is my mom. It is that's. Actually it's actually my mom, so i don't know.

I thought that uh. That was my idea that was all packers ideas: the freaking uh, it's my line, guy line guy, finally putting his uh his salary to work; no, i'm just playing what is up everybody on the trace trade. Three freaking talk fast and don't skip class like the peppermint. I'm not a financial advisor expert, so take what it's doing install let's get into the video.

So today, my friends, my family, have a fellow girly gang, we're even updated, ticker symbol amc as per usual here like we do daily and uh. What did we see actually happen today right? Well, i had two different things mapped out. I said first off, you can see a break through this supply zone, which would ultimately bring you up to this next supply zone. Between that forty four dollars, uh 67 cent range to about 45 26 or b it'll reject it'll, come down just a hair, and this is actually the best case scenario out of this rejection that you saw on the top of that supply zone uh is that it Only came down to the bottom of that supply zone.

I actually wouldn't be surprised if heading into tomorrow, you see a nice bounce back up into this region, but we're gon na get into that as we go on through the video. So we're gon na give you a very brief update on the overall short interest data, which has not really changed a whole lot, we'll also go over the options flow in case. You are interested in what that looks, like i'm actually against the grain of what the flow looks like here. I do think you are gon na see more of a green trend heading to the next one or two days we're coming to the ta uh.

Give you sort of a brief synopsis of what the chart's been looking like, where you're sitting right now in terms of the overall chart and the overall price action, and then we'll get you on your freaking way. So without further ado, do it so we'll start off here with the short interest data right. This is ortex. This is an exchange that gives you 85 of these exchange.

Finra reported data, meaning this is a conservative estimate in terms of the overall short interest. Now this is actually something that i have not talked about very much uh on this overall chart. I actually want to point this out to you, because this is actually pretty fascinating. If you look at the overall short interest, what do you see kind of happening here right? You can apply the same sort of thesis behind a chart right all the patterns you got inverse head shoulders head and shoulders bare flex, bull flex, wedges, bearish, wedges, all those different sort of patterns, and what you can see right now is the short interest is sort Of at a precipice moment right now, i want to show you this right, so it's sitting at about twenty point: one one percent current short range of free float 20.34, which is the highest that you've seen since october 14th, 2020 being the highest short interest to date Year to date on amc stock according to over texas, overall data, and with that being said, what do you see in terms of correlation any time? This thing has a huge rip off a huge rip down huge rip up here: drip down it correlates with the price action right, which makes sense, because that means that some of the shorts are covering positions in cycles and that cycle means i do expect another decent.

I wouldn't be surprised in the next one two three weeks, if you do see some of these overall shorts in their positions right now, not all of them right as we've seen this does cycle, you see 18 on the 14, you see 19 down to about 10.. I wouldn't be surprised if you do see a break underneath that wedge formation and some of these shorts cover correlating with the overall price action which actually leads me to believe. I would not be surprised to see some of the price action push up to the upside uh in the next one. Two three weeks or so now i did come out and i did say i was wrong.

I thought you would see all-time highs based on the overall chart setup which we had rocking for the cup. You know a couple past previous weeks and days leading into that nice 52 touch point but uh looking at this right now right. What do you see as the overall pattern? Huge rips, huge dips, huge drip, huge dip, huge drip, huge dip, huge drip, huge dip, and i wouldn't be surprised if you see a monumental pivotal sort of swing in terms of short interest, either up or down, because charts and patterns mean something. And this is a pattern right.

This is something absolutely worth looking at if it breaks to the downside. I do think that means you're gon na see a huge correlation with an upswing in price. If it swings to the upside right, it gets a huge parabolic move. 24 25.

26 percent short interest. You could see a slight push down in terms of price action, so that's something to watch, for we just got to see which way this ends up breaking and what the shorts end up doing. But that means something and it actually correlates with the the stock price. I'm going to show you that here in a little bit, but first i want to show you the overall options flow on amc.

Actually, i want to talk briefly about the utilization. Not much has changed right so 89.62. You pull this up on the chart and it's it's consolidated right, sort back and forth in a channel between 88 and 92 percent, nothing significant to report. There, casa borrow nothing significant to report there, either the options flow right.

This is actually bearish. You look at this right now. These are hundred thousand dollar premiums, meaning at least a hundred thousand dollars has to get put into any call option or put option for me to find it significant. For this to be reported, and out of that, you can see the same data that i've been talking about here, right, there's a lot of uh, a lot of puts being slammed into that november date and a lot of these targeting that 40 strike.

I still do stand by the fact that i think a lot of these are shorts, trying to hide their short interest instead of an actual physical stock in the derivatives market, because this is one of the most, if not the most, actively traded derivatives market within the Stock market - and i would be damned if these big firms are not playing this both sides of the coin, trying to swing this up and down up and down up and down, and that brings me to the raw stock right. So i talked about the overall sort of uh wedge out pattern that you're seeing in terms of short interest. I'm gon na make this nice and clean. So it's easy to see.

This is short interest, and it just has that back and forth bouncing pattern, and with that being said, anytime, that this comes down, the stock price goes up, comes down, stock price goes up, comes down, stock price goes up, comes down, stock price goes up. This is a pattern right and with that pattern being noted, i would not be surprised to see, like i said, within the next one or two weeks, a nice push up in stock price, and i expect the next cupboard the small cover that the shorts put into This overall stock, just based on the data right to be a pretty significant one, i think you're at a nice pivotal freaking precipice moment in terms of amc stock. It's right pretty much dang snap in the middle of this huge block of movement that you've got rocking right here i mean you look at this from the bottom to the top. Where is the price sitting right now pretty much square on the nose nuts even 50? So this is like a do or die moment for these shorts.

I mean this is right, snack in the smack in the middle snack, snack in the middle of a lot of freaking heavy price action. This comes back to as well the average days on loan so where's that sitting right now, 65 freaking days now, if you were to you, know, count these out 65 days worth. Some of these guys are slightly green, but that's uh. What would that come out to we'll just take an average uh sort of move right here right? I'm gon na draw this out in a rectangle one, two, three, four five uh ten bars.

We can just go like this. That's easy, 65 days that put us right here right, so the average cost of any sort of short position out there. It would be anywhere between uh 51 and 58 dollars total. So as it sits right now, these guys are green right.

But as this you know, lengthens out and more shorts add to their positions, as we've kind of seen here, with this average days on loan, going up right, there's a pivotal moment right. I would not be surprised just based on what i'm seeing with trend. If you do get a nice push in the next one, two three weeks, that's based on trend can i predict the future absolutely not right, but this is looking nice with that freaking 38 demand zone bounce, which brings me into what could potentially happen here, as we Keep moving forward the best case scenario right. We we said there could be a rejection off the top of the supply zone.

You got it right. It rejected off that supply zone, but, what's nice, is it didn't reject back to the demand zone? It held that strength right this retracement. You would pull up what a fibonacci retracement super easy to use. You drive from the bottom of a candle run up to the top of a candle run up, including the wicks.

It only retrace 50, which is very freaking strong. So what i'm watching for now is you have a bullface bare face and you want to watch the next bowl cycle rip up and typically that third one is going to be a stronger overall cycle than that first rip up and i'm watching for that. I would not be surprised to see this come up so that 44 to 45 dollar range, which is that next overall supply zone and you're gon na know if it's gon na get the next move if it breaks over 4120 nice and clean right. So, let's level the watch for here uh overall you've got as well a pretty decent level of resistance sitting at about 42 or so uh.

I would, i don't think that's going to take much. I think that'll be pretty easy to push through, but it is a level to watch for. Nonetheless. So, let's bold case right, you want to watch this bounce out of this freaking supply zone now acting as a demand zone as long as it holds there, and the bear case right is that it comes back down, as i mentioned previously, to retest, that overall demand Zone i find that less likely to be honest with you just based on what i'm seeing on the charts right now volume wise, i'm pretty freaking steadfast even right.

I don't expect the vine to really start ripping up until you get back into uh, more green because, as we know, people like to buy green people like to sell red. That's just the psychology of people, so i don't expect any miracles in terms of volume to just magically appear, but i'll tell you this right. Now i'm genuinely impressed - and this all comes down to you - guys - the apes, i'm genuinely impressed with the price action, because the story of the apes and of amc and the legacy that's being left is told on the charts right. What happens every single day? Is you get to watch whether or not people are contributing to price action outside of uncontrollable factors right? How many shorts are probably into positions? Dark, pool, routing, yada, yada yada, but the truth of the matter is 80 of the stock is owned by retail investors.

So the people that drive this is each individual person that believes in the story and the legacy being written before their very eyes right now, and you got a lot of strength right that 38 dollar bounce. I didn't expect that i really did think you're gon na see this come down to 35 and damn am i glad i was wrong because that would have been another tough freaking video to make, but nonetheless the price, as i've mentioned many many times if you are In this, for the reasons that i believe in this stock right, the price is psychological you're in this to make noise you're in this to fight against corruption, to fight against infiltration, to fight against the very people who who made the situation happen in the first place And i'm freaking really jacked, i'm so excited about uh that nice bounce we got for the last two days. This small pullback that we saw today is not bad right. That's actually a pattern, and this could be a nice bullish pattern to continue up to that 44.

To 45 dollar range, that's what i'm personally watching for and that's what i've got for this video, so blah blah blah! You know host people drop like consider subscribing rather than my friends catch the next one, much lovely taps, i'm gon na make them light taps too, because my mom's gon na yell me if i hit my chest too hard guys so much love it. Peace.