Welcome back to the channel everyone today, i want to talk about how the current amc price action is just two different algorithms, both on either side of the fence, having a fight with each other and towards the end of the video. I've also got a funny news. Article from market watch so stay tuned and let's make some money, but before i dive into the video, i just want to give a massive shout out to the 4 200 of you that have currently ding that notification bell, because you guys are always the first to Watch a new video as soon as it's released so guys be sure to drop a like down below subscribe to the channel and ding that notification bell. If you haven't already so you don't miss another video.

Just like this one, and just a quick one before i dive in with the key information, if you haven't already yet signed up to moomoo in the us or singapore or free trade in the uk, to get those free shares, be sure to check out the link Down in the description below, and also while you're at it check out the link to the private discord and become part of the team, and i want to dive straight in with the key information, so hedge fund algos, are now fighting each other. I believe the price action lately is hedge fund algorithms, now fighting each other when rentec bought a huge position of amc, their algorithm picked up and is now fighting kenny g's also, that was programmed for human emotion. We know that rentec, which is one of the most successful funds to ever exist trade based on large amounts of data, which is automatically analyzed and their algorithms trade. Based on that data, and based on that analysis, therefore months ago, i think that rentec figured out the amc cycle.

They realized that january was cycle. One may june was cycle two and they were just waiting pretty much for the start of cycle. Three to jump in kenny is obviously trying to still run his algorithm and he's trying to short amc into the ground as much as he possibly can, but he's not doing too well. Evidently, with short interest still high and large buy orders not affecting the price.

Much in the past, this makes sense. The number of institutions with algorithmic trading buying long on amc has now exploded. We've seen tons and tons of large institutions and banks like the swiss national bank and large pension funds, like the new jersey pension fund, all jumping into amc and a lot of their trading is going to be based on algorithms as well. A program built to trade against emotional humans that couldn't handle crayon-eating apes then went up against the program made to fight a program built for trading against humans.

That would lose every time, and that is exactly why rentec is one of the most successful funds out there. At the moment, because their algorithm is so so strong and the sheer volume of data that they analyze is more than any other fund out there, i read somewhere that rentec actually distribute a lot of their funds back to the investors and that's why their fund isn't Huge if they never made distributions, then renter had currently be sitting on around 4 trillion us dollars with their compounded returns over time. To show you what two algorithms fighting each other actually looks like here's, a visual representation of astro's fractal theory applied to yesterday afternoon. If you haven't already seen that guy astros fractal theory on youtube be sure to check it out, i'm pretty sure you can also go to his twitter and he'll have a link there.

But to summarize his astros fractal theory, you've got two cycles of up until rejection down about halfway and then staircasing back up and that's denominated by this number one here up until rejection down about halfway and then staircasing back up. You've then got stage two, which is a downward drop stage, three, which is the double dorito pattern, and then stage four repeats that same pattern again in astro's video. He basically showed you that this pattern repeats itself on a daily basis, a weekly basis, a monthly basis and in even longer time frames as well. This all links into that same cycle theory that i've been talking about the last few days with january being cycle.

One may the june being cycle two and we're just now entering cycle three and should just be about to experience a good run up. I also wanted to use market charmeleon to talk about the distribution of trades. For today, as you can see, we've got a whopping 16.2 percent of volume being odd, like trades 25.2 being sweeps 63.6 percent in the dark pool and 9.3 percent being blocked. Trades 16.2 is actually really high for odd lots.

A lot of the previous days over the last few weeks and months, we've seen between five to eight, maybe sometimes ten percent - of odd luck. Trades in the volume, therefore, to see sixteen percent is very promising and it means the apes are starting to fomo and buy back in well, i guess technically, it wouldn't be apes, foaming and buying back in it's just retail investors fomoing and buying back in because the Apes have been diamond handling and holding this entire time again, 63 of the dark pool is still a lot of volume, mainly going through the dark pool, and this is where most of that algorithm showdown is gon na be, as you can see, from stonco tracker. There is an absolutely minuscule amount of puts that are currently in the money and absolutely tons of them that are out of the money. This also shows that there's not many institutions, betting on amc, going down, because the per open interest is so low.

On the flip side, we've already got absolutely tons of amc call options that are already in the money tons that are also out of the money but could be moving in the money very very quickly. I personally think the current call and put distribution is very, very bullish. There's not many puts with open interest. That's in the money, therefore, there's not many hedge funds or institutions that think amc is going down.

There's tons of calls in the money, therefore, institutions and retail investors think amc is going up. Somebody also picked out a very key comparison between the current empty price chart and the volkswagen price chart at the time of the squeeze. As you can see on the volkswagen chart, we have this small run up here, which is very much akin to the january run up. You then have this larger run up, which is akin to the june run up, and then you have this very, very large explosion and short squeeze looking at the amc chart.

We've basically mirrored it absolutely perfectly, with the small january run up a tiny little move back upwards here in march and april, and the large june run up with a very, very large pullback. As you can see here, and therefore, amc is very much primed to follow this line, pretty much directly upwards and finally, marketwatch are trying to explain amc's movement on monday and tuesday with fda approval of a pandemic related vaccine supposedly movie theater stocks got a boost from Vaccine approval, as it fuels hope that vaccination rates will increase supposedly nothing to do with a short squeeze and supposedly nothing to do with retail investors. Winning supposedly amc ran up 9.6 in the afternoon trading hours after being up only around 2, just prior to the fda's announcement. Yes, this is good for the long-term thesis of amc, but doesn't necessarily explain one day of movement that we saw on monday and tuesday.

Earlier in august, amc chief exec, adam aaron, had said in a conference call with analysts. After second quarter results were released. The vaccination rates played a role in amc's results and also will likely play a role in amc's future as well for their long-term bull case, but obviously vaccination rates don't play a role in the short term short squeeze play. However, i'm sure we all know by now that the mainstream media will try and spin absolutely anything, so it fits their narrative instead of giving us the retail investors and the apes any form of credit.

And finally, i just wanted to go over amc's price action. For today, and as we can see, the macd is now starting to approach that break-even territory or the moving averages are released again. It's also another positive day for that macd bringing it further into the green territory. Looking at the actual price action itself, we're still green on yesterday and holding around this 45 mark i'd like to see us push back towards that 50 mark and potentially break that resistance around 48.50.

But i'm also not unappeased or unhappy with another green day. A small day of calling off today would be very helpful and very healthy for a very large run up for the rest of the week. Guys be sure to. Let me know down in the comments below what you think about the current algorithmic war, currently ensuing between rentec and kenny, g's citadel securities or citadel the hedge fund, and as always guys, if you enjoyed this video, be sure to check out some of my others.

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