The issue what happen to usa and Australian market is because gamestop was 100% shorted.
people found out and push the prices up.
hedge funds had to buy the stock back at 25 to 30 times the price and now they have to sell other shares to cover there buy in at gamestop or cover there massive lost.
we should see it bounce back but thats why the markets are red, just from couple hedge funds investors got caught with there pants down.
Technicals, page-171
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