MOASS: How Will We Know Its Over
So far in our coverage of GME we have told you how high we think price will go during MOASS and also what technical triggers we think will lead to take off
We have also told you, from a timing perspective, when we think MOASS will kick into high gear (Oct 21st)
What we havent told you is how to know when MOASS is over
The short answer is: A break below VWAP
As we told you last week VWAP is a key data point that Institutions/Hedge Funds use to identify ideal entries/exits
Its also a key data point used to define acceptable risk (i.e. XYZ standard deviations from VWAP things break)
Like the Jan 21 squeeze this one will most likely be triggered by a Short Squeeze/ Gamma Ramp which will lead to forced buy-ins and extreme delta hedging
In a Short Squeeze/ Gamma Ramp environment VWAP is THE MOST IMPORTANT DATA POINT TO SHORTS
As long as price is ABOVE VWAP its not advantageous for them to close their positions...
And that is why your trigger to know that MOASS may be winding down is that first dip BELOW VWAP after price explodes
M O A S S
We have also told you, from a timing perspective, when we think MOASS will kick into high gear (Oct 21st)
What we havent told you is how to know when MOASS is over
The short answer is: A break below VWAP
As we told you last week VWAP is a key data point that Institutions/Hedge Funds use to identify ideal entries/exits
Its also a key data point used to define acceptable risk (i.e. XYZ standard deviations from VWAP things break)
Like the Jan 21 squeeze this one will most likely be triggered by a Short Squeeze/ Gamma Ramp which will lead to forced buy-ins and extreme delta hedging
In a Short Squeeze/ Gamma Ramp environment VWAP is THE MOST IMPORTANT DATA POINT TO SHORTS
As long as price is ABOVE VWAP its not advantageous for them to close their positions...
And that is why your trigger to know that MOASS may be winding down is that first dip BELOW VWAP after price explodes
M O A S S
Comment
Zooming in a bit
This is what we are watching for early in the week
Comment
Morning!
Casino will be open shortly
Nothing else to add at this point
Mainly watching for an increase in trading and short volume as price should rise along with them
Chart above works for now
M O A S S
Comment
That push lower changed but cleared up the structure
Comment
And that is the power of elliott wave
Now lets see where we go from here
Comment
Ok based on this price action this is how we are seeing things at the moment
Remember as we always remind people, in elliott wave if we over/undershoot targets, we just look to the next higher/lower fibs
Comment
Thinking we head higher by EOD to complete Wave 3
Comment
And thats a wrap
Casino has been closed but we had a good day!
Things are progressing as expected
Expecting a continued push higher leading up to Oct 21st and thru the election
Get ready because its happening
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