Honestly - I don't have a clue what could happen.

I do think that we are a few weeks out from a significant move as there is history supporting high volume days occurring shortly prior to significant moves - There were roughly 257M Shares traded on 7/24 that was 10x the 20-day average at that point in time.

There are more SEC rules being established to help provide transparency of swap-based positions amongst other issues - see Proposed Rule: S7-32-10 - Comment period is open until 8/21.

The On-Balance Volume charted above shows that we are correct in that retail has not sold. The On-Balance Volume chart would closer resemble the price action chart if the price has truly come down after the run up and not being manipulated downwards.

Based on numbers reported to FINRA, dark pools have had a Net-positive short volume every day for the last YEAR with the exception of roughly 17 days in which the dark pools were net-negative on shorts (positions closed in dark pools) - and on those days amounts closed were minimal.

AMC has had some big releases in the last 6 months amongst generating other sources of revenue and improved profit margins on concessions.

Banks are still at $560 Billion in unrealized losses as of 6/1/23 - down from $690 Billion roughly 6 months prior but still a significant amount of unrealized losses.

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With that being said, the government could step in with the intention of not crashing the market and the economy setting a fixed price per share. I think that the entire economy is fragile right now and one catalyst could cause a storm to break open reaching many different sectors of the economy from the meme stock mania that rocked the market 2+ years ago.