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Jerkin' it with Gherkinit' S8E10
================================
| Author | Source |
| :-------------: |:-------------:|
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/pshz4c/jerkin_it_with_gherkinit_s8e10/) |
---
[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!
The Market is coming back a bit this morning, up .71% from close yesterday, but with China's Market re-opening tomorrow we may see more instability in the latter half of the week. Today is T+2 from all those ITM calls on Friday, a large number of calls were likely exercised between the 160, 170, 195 and 200 strikes some of that gamma exposure should be covered today. Additionally today is T+2 from the futures expiry date. I expect we could see some effect from this but for a better idea of my current [working thesis check out this video.](https://youtu.be/F68fQLHn0Zo)
For more information [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.
Strong dip into close as the it appears nobody wanted to carry the S&P overnight. We could see some major downside tomorrow if Chinese markets tank tonight. Should be some nice dip buy opportunities. Thank you all for tuning in, see you tomorrow.
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/moxb7khoxwo71.png?width=695&format=png&auto=webp&s=e36b99a4ccb0a24d9719bc95b99eb3450b163db5)](https://preview.redd.it/moxb7khoxwo71.png?width=695&format=png&auto=webp&s=e36b99a4ccb0a24d9719bc95b99eb3450b163db5)
Edit 9 3:37
Nice rally up to 193 then right back down again this time shorting not because of market action
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/uyqtkbwxswo71.png?width=1581&format=png&auto=webp&s=a2f6e8aec0aeec790d15d7baaceb07ccc99b5135)](https://preview.redd.it/uyqtkbwxswo71.png?width=1581&format=png&auto=webp&s=a2f6e8aec0aeec790d15d7baaceb07ccc99b5135)
Edit 8 1:50
Coming in for another test at 190, little more volume on this
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/607zspes9wo71.png?width=1578&format=png&auto=webp&s=d559d1e5d6b6ef8972647e748d6e1f55f2d20ef9)](https://preview.redd.it/607zspes9wo71.png?width=1578&format=png&auto=webp&s=d559d1e5d6b6ef8972647e748d6e1f55f2d20ef9)
Edit 7 1:20
130k shares returned to IBKR causing a small run to another failed test at 190
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/mg0wllle4wo71.png?width=1576&format=png&auto=webp&s=73faee226ec6023679f099e006fef56b9b09ec81)](https://preview.redd.it/mg0wllle4wo71.png?width=1576&format=png&auto=webp&s=73faee226ec6023679f099e006fef56b9b09ec81)
Edit 6 12:47
GME trending down after a decent short to push us back from that resistance test. Also, SPY forming a big head & shoulders looks like we might see a dip soon.
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/3n4hm2ypyvo71.png?width=1593&format=png&auto=webp&s=337a8c35cd46f237fc83e6d9671f27e9d4e305c5)](https://preview.redd.it/3n4hm2ypyvo71.png?width=1593&format=png&auto=webp&s=337a8c35cd46f237fc83e6d9671f27e9d4e305c5)
Edit 5 12:00
Testing 190 but volume drying up at the resistance
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/3nu9e8v6qvo71.png?width=1594&format=png&auto=webp&s=ddea7980f3dc5fb2773a1b6bdfccbf222d3a7ec1)](https://preview.redd.it/3nu9e8v6qvo71.png?width=1594&format=png&auto=webp&s=ddea7980f3dc5fb2773a1b6bdfccbf222d3a7ec1)
Edit 4 11:38
SPY coming back just crossed VWAP, we'll see if it can hold support. GME turned around on 186 and coming up a little. They market is just dragging us around with only 1.47m volume today.
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/3pwyr117mvo71.png?width=1591&format=png&auto=webp&s=7ad8cd960a460eb32d6cbf7ee90325491be8690a)](https://preview.redd.it/3pwyr117mvo71.png?width=1591&format=png&auto=webp&s=7ad8cd960a460eb32d6cbf7ee90325491be8690a)
Edit 3 11:13
Found some support at 187, the S&P struggling to regain it's foothold above the 435 correction zone.
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/tie0dx17ivo71.png?width=1599&format=png&auto=webp&s=87fc2a788f32fbc0f8533fbebafec454ad07188c)](https://preview.redd.it/tie0dx17ivo71.png?width=1599&format=png&auto=webp&s=87fc2a788f32fbc0f8533fbebafec454ad07188c)
Edit 2 11:00
Spy dropping again GME following suit looks like another down day
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/ea66v8uzfvo71.png?width=1602&format=png&auto=webp&s=0748891ab8c307d568e3aa96f15f2f63138fe678)](https://preview.redd.it/ea66v8uzfvo71.png?width=1602&format=png&auto=webp&s=0748891ab8c307d568e3aa96f15f2f63138fe678)
Edit 1 9:45
Morning short turning around with the market just surging looks good for some upside movement if we ge the volume to break through resistances
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/d3o4n8ja2vo71.png?width=1585&format=png&auto=webp&s=52a3b5259361556ce9b984234e83c4d8c6198b2d)](https://preview.redd.it/d3o4n8ja2vo71.png?width=1585&format=png&auto=webp&s=52a3b5259361556ce9b984234e83c4d8c6198b2d)
Pre-Market Analysis
Yesterday's dips left us with a couple gaps to fill up to 204. Fidelity and IBKR sitting on 375,187 shares to borrow, clearly showing the shorts took advantage of yesterdays market dip in order to bring the price down just a little harder. 11.63k shares traded so far in the pre-market indicates we are in for a moderately low volume day. Our move back up into close yesterday put us right back above our long-term trend however so the effect was nominal and positioned us well for a bounce.
[![r/Superstonk - Jerkin' it with Gherkinit' S8E10](https://preview.redd.it/obde7koiquo71.png?width=1585&format=png&auto=webp&s=1f4d50695f03a5db2d78078dd11865453a62126e)](https://preview.redd.it/obde7koiquo71.png?width=1585&format=png&auto=webp&s=1f4d50695f03a5db2d78078dd11865453a62126e)
GME pre-market 1m
SPY is coming back as well moving up towards it's 60EMA if it can cross back over 439.71 today we could see it surge upwards for the rest of the day.
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/)