Here's a good question for you guys keeping this simple, sweet, nice and short, because i think this is pretty obvious. What the what the you're, looking at uh check out the price action today right, you got a gap, fill uh that was done down all the way to about that 16 range, and then it didn't quite get a bounce and then it kept uh kept on knifing Down to about 14.50, which is the next level of support here and uh, what sort of price action did you see happen? Do you think that this was a natural sell-off? Did you think that this was a natural buy-up? Do you think this was a natural sell-off? What about the price action to you today looks like some normal price action well to me really, none of it does, and i want to tell you what i think is potentially happening here right, it's nice that we saw a bount 1423. You look at this on the macro you look at this on the daily volume is increasing a little bit here. You can see that the spy, which is the broad market, is the s p.

500. Top 500 companies in the u.s stock market also got a form of a bounce with a follow-through on volume. So it could be one of two things right. You could see a dead cat bounce here.

Essentially, it's just relief from an extreme amount of pain. Extreme amount of sell-off - that's taking place here so far, or this could be first inkling out of reversal either way. I don't think we have enough of a sign to be able to say that with certainty. I think it's going to take a couple more days of confirmation to be able to know, but nonetheless uh you saw a very similar thing here: uh with amc, it could just be a relief bounce from a very long period of sell-off or uh.

This could be the first sign of reversal uh. For me, you know, i think that i'd prefer to see a little more volume, but what i want to spend the most time on is this one minute sort of chart right. Look at this. Look at the way that this trades i mean if you took, if you took some lines and you drew them like this - i i don't know about you, but where do you see this sort of systemic buying and selling? Just like lincoln logs, i mean this is just connecting lincoln locks.

Where can you ever do this? When can you ever create a channel like that? Oh well, maybe here maybe you can do it here. Maybe you can do it? Oh, i don't know here. Huh the names that i talked about this morning, it's kind of weird, it's kind of weird how that works, so it kind of makes you wonder, is retail really smart enough to uh purchase stock? Do they have the tools, the capabilities to purchase stock and sell stock? In a way that makes a chart look like this, or is it perhaps some institutions and market makers taking advantage of the bid and the ask the bid is where you typically sell a stock to ask is where you typically buy uh, with the caveat being that, If you are in a super bullish reversal and you want to sell, sometimes you got to take the worst off offer, and sometimes when you're in uh, that's not to say that you're actually selling the the ask you are more so just waiting for the bid to Catch up to the ask, and sometimes in the opposite in a very bearish reversal, uh you have to catch the ask as it's approaching the bid right as it continues to plummet and plummet and plummet or whatever, but otherwise, there's typically a gap between these and what I think you're watching happen right now is very simply put a bunch of institutions and market makers uh, taking advantage of the options chain, derivatives and this bid and ask spread to be able to move stocks like algorithms, you mean you look at the options chain right Now, what do you kind of see happening with amc? Well, you can look at the policy really quick. You can see uh there's, not a ton of open interest right, at least not for this week, come up to a february or so pretty light.

I mean it's not a lot of calls. You come look at the puts here. Looking at the puts, you have a little more open interest so to me, 17, 18. 19.

20. 21. 22. 23.

All these different strikes! What you're watching happen is hedging for the downside and that comes from uh, two different sort of things right: a lot of options being purchased for given security and then what i think is a war between the bid and the ask for these institutions. But at the end of the day, my friends uh is it is. It is a part of the grand scheme of things. I've talked about this in a couple previous videos.

I think that amc moves in in tandem with a lot of the major indexes, and that is not to excuse the behavior. If you did not see my video from this morning, go watch it please. I think this describes in great detail what i've been talking about and what i think a lot of people uh. A lot of people are seeing, and that is that small and like mid cap companies are sort of getting smoked by institutions, market makers and the like and retail, has just kind of been told to take it uh and that that that's that's what you guys are Dealing with ramifications of uh, i do think, there's still good news.

I've talked about this before. I do think that, when all shorts cover out of all these different securities, you're gon na see a lot of big movers similar to back in january, when you had a whole crap ton of movers, uh short squeezes whatever and then there's gon na be some index Leaders and to me, you already know some of the names that are going to be behind that uh. That rally so uh short video. Get you on your way wanted to talk about this because uh this it's it's too convenient it's too convenient to what we were talking about earlier today, not to discuss.

So that's what i've got for this video catch. You guys on the next one, much lovely taps and peace.