Oh man, we have a red day here today down about 6.5 or so. But if you watch my video yesterday, this is something that you actually expected is this third test rejection of that 48.50 ish scent level of resistance, in which we've seen this trend play out. Many many many many many many many many many times with amc stock. So if you watch that you're ready for this right, that's exactly what i wanted to talk about yesterday is this for test trend which i still stand by leading into tomorrow.

We're gon na talk about a couple different things here, but in case you're new here, what is up everybody, one of the trades trades we freaking talk faster, don't get glasses like the fires by saying i'm not a function of an expert. So take what i say. The green assault, let's get into the video eminem, you got nothing, nothing babe, i'm just kidding so we're gon na go over a couple different things here right, i wan na show you the ortex data, which essentially just gives you an idea of short interest in the Entire holistic picture the most important thing here. What i'm gon na walk through is what this means and why it is relevant based on the information that's laid out in front of us.

I also want to go over the unusual whales options flow data. There is uh, it's essentially just a website that shows you, options flow, both bullish and bearish into any sort of stock. So you can predict upcoming sort of moves and then we're gon na get into the technical analysis and this trend that we are watching play out before our very eyes. Pretty pretty freaking picture, perfect esque, i'm not gon na lie.

I mean i'm honestly, i'm even a little bit surprised, it's tracking. What i thought would happen so cleanly, but it is - and here we are, we we got the pullback that i thought would happen so without further ado baby, let's just get into the video and the meat potatoes of what i want to talk about here today. So the ortex data right biggest takeaway, if you're new to the eight movement, you're you're new, to amc stock. What does this mean? Why is it relevant 85 percent of the exchange reported finra data is reported to this exchange, the short interest exchange of ortex, and essentially what this gives.

You is a conservative floor in terms of what the actual short interest is for any sort of stock and currently based on 85 percent of the exchange reported data. You have 16.87 current short interest of free float, which is 86.29 million. Total shares utilization. Essentially, this is another important thing is the entire pie, if you have free float on loan right, free float shares about 500 million, just a hair over that 92 of whatever is available out of that 500 million shares.

That is the utilization rate, so 92 of what is currently lendable out to to lendees the people who want to borrow stock is being held, as that number goes up, you watch this annualized interest rate, where the cost of borrow start to go up and overall, the Trend here is that the utilization is going up. Today is one of actually the first days in which you see a little bit of a shift in terms of utilization, but overall, it's always when in doubt, zoom out, look at the macroscopic picture. If you could draw some sort of upside level of support on this, you can see what the trend is right. You can see that with your eyes.

You don't need me to tell you that utilization is going up short interest overall, has been going up right and the cost to borrow staying about neutral, but slightly slight upside to this cost. To borrow as well, we can show you this at this sort of uh trend line right here at 1.48, but today about 2.14, which is a pretty uh significant increase overall, that average cost to borrow the big big numbers. The big pressure coming on short positions is going to come as that utilization continues to go up, so it is something that you want to watch for. So that's what we've got cooking in terms of short interest, the big takeaway, as i say in every single video, unless it literally says otherwise, it's a short, seven covered positions.

Yet you can't have the squeeze that all the apes are looking for with the stock without the shorts getting pushed in and freaking lemon pepper tended out of their their freaking position. So that's what you got cooking up here for the ortex data now the flow this essentially is a tool in which you can predict upcoming moves to the up or the downside, and i like to look at essentially specific filters now. The filter that i have on this is 200 000 a premium right, so i want to see at least 200 000 of an order going in for a long call or long put, essentially meaning that they're slapping the ask side of things, not the bid right. I'm not interested in the bid at all i'm interested in the ask the long calls long puts.

I want to see big orders that come in and today we saw a bearish order come in now. What does that actually mean? Well, these were executed at 12, 49 and 12 48 respectively today. So if you look at the overall chart in the price action of amc today, let's just look at this on a five-minute chart. What did you see happen? Well, these were executed at about 44.34 cents and 44.26, meaning that the price was trading right about right here and they were anticipating a push to the downside and what i would call this retracement zone and it didn't end up happening right.

You got to push to the downside and whoever bought those large puts, who knows if they actually close out of their positions or not, but they made some money. That was the way that you could have predicted an upcoming move to the downside, which i anticipated happening today in this grand scheme, short term macroscop or microscopic, i should say a potential breakout scenario, but if you look at the overall flow for the stock, which i Will show you here, it's overwhelmingly bullish. You've got way more calls than you do puts. If you look at the monthly versus uh weekly weekly, you got a few more puts than calls, but overall i mean it's.

It's square met in the middle in terms of ask versus bid calls versus, puts you've got way more calls coming in and then today, you've got overall, more bears pushing the market, which is you can see that right, it's validated by the overall price action. This is the way that you could have predicted this sort of move to the downside in the very short term microscopic. So that's what we got to cook it up in terms of the options flow uh. If there's any new orders that come in, i will definitely let you guys know, but that's that's what we got rocking right.

This is a confirmation of this overall trend in which i've laid out in front of you guys on the hourly time frame, which brings me into that four test trend, which i've talked about many many many times right. What is that? What am i watching for? What does this all mean anytime? That amc has tested a significant level of support or resistance four times it typically gets a break over that level of support or under that level of uh. I should say: support resistance, yada yada. It gets a break on that.

Fourth test - and this has happened before it happened at 37.50, and this is why you got that huge push up here to almost 50 bucks and rejected, which is what makes this level significant right. So what i'm watching for is this? It's gotten one test, two tests. Three tests: i told you in yesterday's video that i thought i was going to reject off of this 48 level and retrace essentially down to a level of support or a fibonacci retracement zone. One of the two in which i mapped out for you in yesterday's video.

This is exactly where i got. Those zones from fibonacci retracement, essentially just shows you levels in which you can expect amc to pull back to in any sort of time frame, and i laid out that 38.2 to 50 retracement based on previous trend. This is typically where amc will retrace after big moves. Is that 38 to 50 retracement zone, and it did that right? It got a little bit of a bear trap set up.

I would, i would call right here down to uh freaking 43 dollars pretty much square on the nose, and then it got a little bit of a push back to the upside. Now we are still in that fibonacci retracement zone. We haven't quite gotten the bounce yet, but what i'm watching for is very simple right. Look back here.

What ended up happening! You had to push over 38 dollars, tested 48 bucks and then retraced for a while retrace retrace retrace down this upside level of support. So there's two different scenarios that i can see playing out here. First, one is this: first, is either a consolidates, above this level, this fibonacci retracement zone for a day very similar to what you see back here in this price action right before we got this pretty decent push to the upside. That's bullish, right, consolidation and uptrend is undoubtedly bullish, even after a 6.6 down date.

The second case scenario is this: it just straight up, gets a push out of this fibonacci retracement zone and uh. I don't want to delete everything just delete this. It just gets a bounce out of the fibonacci retracement zone. It comes back up and tracks exactly what you're seeing right here right it re-tests for the fourth time that 48.50 level of resistance.

Now this is just me personally right. You guys do what you want to do, i'm not here to make any sort of financial decision for you guys. This is ultimately your financial responsibility. All i ask is that you have a plan because, if you're feeling a plan that you're you're, if you're planning to fail, then don't plan right.

That's exactly what i what i can tell you. So i think this is a good time if you do play derivatives to pick up a longer term expiration for a call option. That is because of a couple different things right. You are an overall uptrend.

This has been following literally 280, a predictable pattern in trend, as you can see here, and it's flushed. It's flushed a pretty decent amount today down about seven percent and those are the times in which you actually want to buy. You want to buy fear to a t, that's exactly what you're watching for the amc. Now, the most important thing is that options expire.

So if you're not familiar with the derivatives market, please please please just buy stock and that ultimately pushes price action options. Do not move price action so just know that right! That's that's something you need to know unless of course, they're running the money, that's a whole different subject, but when you buy call options in and of themselves, they do not push price action so know that, first and foremost, it's important to own stock. It's important to buy stock just have a plan. That's all i'm asking! So that's what i'm looking at right here with amc where it's trading right now.

Ultimately, this is doing exactly what i thought it would do. This sort of price action that you're watching right now is a spring loading effect. This this unwinding that you saw happen today, is actually confirmation of the trend that is laid out in front of your very eyes. I stand by exactly what i've said.

I stand by it. This is eerily similar to what you saw back in late may and early june. It's eerily similar to patterns and trends that i've watched over the last nine months with the stock and no ever from me, man i'll tell you right now. If i'm wrong with this i'll, just come out and tell you, but i don't feel like i'm wrong yet i really don't it's tracking to a t literally.

What i thought would happen here with the stock price and i feel very confident that in the near future, sometime the next one or two weeks, like i said in my last video you're gon na see a breakout, you're gon na see a break over that 48.50 Level of resistance, and that time it's just a matter of time, man. This is something i uh that i read on twitter and i find this very interesting. This is what i'll leave you with right once you view this as a chart that is trading time. Instead of price you're gon na think about how this works differently, you are absolutely 100.

You are because the conviction and the trade thesis behind amc the reason that people buy and hold this stock is because they know what they hold in their hands and they know what it stands for and they know what they're fighting for that's. Ultimately, what i've got for this video, so blah blah blah? I know she'll drop the performance catch on the next one lights, apps, always much love and peace.