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For those that study DeMark indicators, these did show up right at the recent lows for GME-1.70%  in mid-April on weekly charts with two different counter-trend signals of exhaustion, which preceded this past week's wild roller coaster. Interestingly enough, despite the wild ride, GME finds itself just $1 higher than last Friday's highs before this wild ride began. While it's normal for stocks to sometimes find support near the open gap, I'm not sure that GME will remain here much longer after expiration. This chart is shown for educational purposes only, but often i find it useful to combine various timeframes on DeMark's indicators across daily, weekly, monthly charts to find confluence of exhaustion signals. In this case, these were indeed present on a couple different timeframes ahead of this move.

The market is currently fixated on the ongoing GameStop (GME-1.70% ) short-squeeze. If this serves as a precursor to broader short-covering across the market, crypto-related equities stand to benefit, as they happen to be a heavily shorted area. Our crypto equities basket is filled with names that have short interest levels near or exceeding 20% of their respective floats: MSTR-0.92%  (21%), MARA-2.67%  (23%), RIOT-0.25%  (20%), CLSK0.10%  (18%).

GME-1.70%  Does Billionaire Ryan Cohen's taking over as CEO of Game Stop mean this stock can turn around? Unfortunately it still looks quite early technically speaking- Earlier strength held exactly near key$18 resistance from its Summer downtrend and has promptly reversed ahead of Thursday's close- I suspect that a test of January lows might be in order technically before much stabilization, and this lies at$15.41. Unfortunately, with no evidence of technical improvement, it makes it hard to weigh on on GME's chances just yet, and this will likely take some time. Over 19.50 on a weekly close is necessary to pique my interest.