Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21
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| Author       | Source       | 
| :-------------: |:-------------:|
|  [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/pru1of/jerkin_it_with_gherkinit_s8e9_live_charting_and/) | 

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[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)

Good Morning Apes!

I've said this before but I'm gonna say it again, GameStop could dip pretty hard today the S&P has already dropped 150 points in the pre-market if that downward price action continues we could see sell offs from paper-handed investors.

But, with GME's negative beta and retail holding multiples of the float GME could quickly become an attractive investment for institutions during this drop. Additionally GME has no long-term debt and lots of cash on hand, Cohen has prepared GME well for this.

Lastly SHFs core positions are dropping hard enough that we could see margin calls come in.

Enjoy the dip buy opportunities and let the diamond handing commence.

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/zv3rug3zgno71.png?width=589&format=png&auto=webp&s=9dd57b502b1a6c3586d2fc7e71604dae1a8f148d)](https://preview.redd.it/zv3rug3zgno71.png?width=589&format=png&auto=webp&s=9dd57b502b1a6c3586d2fc7e71604dae1a8f148d)

For information on the correction zones I'm looking for on the SPY [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/)

Join us in the Daily Livestream <https://www.youtube.com/c/PickleFinancial>

Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)

[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down

(save these links in case reddit goes down)

*(this post will read from top to bottom)*

(*feel free to ask me questions below, but if you can google it yourself please use common sense)*

Historical Resistance/Support:

116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

After Market

Spy and GME both moving up into close today. If we see the spy jump back above that resistance at 435 it may signal at least a break from the correction, although we could see more impact on Wednesday when the Chinese markets are open. Overall not nearly as bad a dip as I expected and we got back over the long-term trendline be EOD which is definitely bullish. Thank you and see you all tomorrow.

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/d2pwzo06tpo71.png?width=706&format=png&auto=webp&s=d1f60f54ffcd82f9fdef50ca50466938420cbc3d)](https://preview.redd.it/d2pwzo06tpo71.png?width=706&format=png&auto=webp&s=d1f60f54ffcd82f9fdef50ca50466938420cbc3d)

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/84543jfwspo71.png?width=1598&format=png&auto=webp&s=719935203e2ad226407e3b2867ea42db278aff41)](https://preview.redd.it/84543jfwspo71.png?width=1598&format=png&auto=webp&s=719935203e2ad226407e3b2867ea42db278aff41)

Edit 6 3:35

Now we come back with the market

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/zlvr69lonpo71.png?width=1596&format=png&auto=webp&s=b327227224be75e0db7b7f82da30f3466721bd25)](https://preview.redd.it/zlvr69lonpo71.png?width=1596&format=png&auto=webp&s=b327227224be75e0db7b7f82da30f3466721bd25)

Edit 5 2:39

Market still coming down breaking below that 430 support, GME also down but it looks like it is holding at 185 for now. We've broken through that long-term trendline and have more support down at 180.

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/3bks200tdpo71.png?width=1588&format=png&auto=webp&s=0ae1ad503ad4b85f3741529f8947cb9b8ec033a4)](https://preview.redd.it/3bks200tdpo71.png?width=1588&format=png&auto=webp&s=0ae1ad503ad4b85f3741529f8947cb9b8ec033a4)

Edit 4 1:32

Still tracking the spy our volume isn't terrible but it's not enough to push us away from the market trends

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/f8ght1ip1po71.png?width=1582&format=png&auto=webp&s=0324aa24b0f2be951964eba6dc7281757bf420cd)](https://preview.redd.it/f8ght1ip1po71.png?width=1582&format=png&auto=webp&s=0324aa24b0f2be951964eba6dc7281757bf420cd)

Edit 3 12:04

Dipping with the market next resistance at 190 then 180

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/veoprctwloo71.png?width=1584&format=png&auto=webp&s=e8d25790ca47659949541797f6be4ec5e7e8a4f9)](https://preview.redd.it/veoprctwloo71.png?width=1584&format=png&auto=webp&s=e8d25790ca47659949541797f6be4ec5e7e8a4f9)

Edit 2 10:36

slightly above the $200 resistance holding strong, market looks like it's trying to bounce back a bit as well.

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/nqupbaj96oo71.png?width=1588&format=png&auto=webp&s=19848d30488861ecdfa80f998d03647dcc791f62)](https://preview.redd.it/nqupbaj96oo71.png?width=1588&format=png&auto=webp&s=19848d30488861ecdfa80f998d03647dcc791f62)

Edit 1 9:50

GME holding the line at $200 but the spy is struggling to bounce back and still looking very choppy.

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/bagkdy6yxno71.png?width=1597&format=png&auto=webp&s=609bf704c8f2126a6acd93b51640479ca7b8def1)](https://preview.redd.it/bagkdy6yxno71.png?width=1597&format=png&auto=webp&s=609bf704c8f2126a6acd93b51640479ca7b8def1)

Pre-Market Analysis

GME down $10 in the pre-market already. About 500k shares left to borrow on Fidelity/IBKR. I expect the SHFs to take full advantage of this dip. Our next significant support is down at 190 on the long term trendline. Below that there is support at 180. Any lower and I will update with next best support in each post today.

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/0yrjd2xujno71.png?width=1585&format=png&auto=webp&s=89ae1cd93fbb2f9887922e290021930aecb0da93)](https://preview.redd.it/0yrjd2xujno71.png?width=1585&format=png&auto=webp&s=89ae1cd93fbb2f9887922e290021930aecb0da93)

pre-market GME on the 1m

On the SPY we have fallen right below the EMA60 signifying that we are in a correction the next resistance is at 425 and 420 with the 200MA sitting at 409.34 a dip below that trend could imply a significant sell-off or possible crash.

[![r/Superstonk - Jerkin it with Gherkinit S8E9 Live Charting and TA for 9/20/21](https://preview.redd.it/fnizku5tkno71.png?width=1723&format=png&auto=webp&s=f85e19a2cb39a7e98533115053ca9f762f72b734)](https://preview.redd.it/fnizku5tkno71.png?width=1723&format=png&auto=webp&s=f85e19a2cb39a7e98533115053ca9f762f72b734)

Disclaimer

** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)*

**My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*

**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*

* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
