So if yall really want to know whats up with the market
I posted a month ago in HL about how people found out last month that GME was being shorted through ETFs. It was hidden in February by HF going long in its other holdings and shorting the ETF itself, maintaining damage to GME's price while the other holdings had unexplained pops but otherwise a normal looking market.
IWM Short Interest - iShares Russell 2000 ETF
Now you can see the entire Russell 2000 is being shorted. GME became the most valuable company in the Russell 2000 from January's run. It has most of the weight of index. If you check the chart, the most heavily shorted days ALL coincide with days GME made positive runs.
6 mil in Russell 2000 short volume, the highest on the chart, happened on 3/19 when the price went past 330 and made that huge drop.
These dips are artificial and now the entire market is becoming collateral for this game. The dumping and ETF shorting causes algorithms to follow suit and dump and make a cascading effect.
Have you noticed that Jerome Powell is having to come out to make statements of confidence EVERY DAY on the economy's health in spite of the Fed meeting calming inflation concerns LAST WEEK?
This is starting to confirm my suspicions of market crash level implications from the squeeze.
In good news, A "glitch" appeared after TD ameritrade level 2 data after hours last night showing an order on the buy side of 634 million shares.
Last time that happened was 2/22, a glitch of 93 mil shares or so. 2 days before it ran from 40-200. Assuming the reason for timeframe between the "glitch" and the price increase is because of T + 2....tomorrow could be fun.
