Prediction:

Nasdaq Gains 4,300% / GOOG Tanks

Bimini Road identified a Ghost Pattern on July 23 2024 that lasted 13 days on the Google daily chart indicating a large selling event by insiders just prior to a Judge ruling agains Google on an antitrust case. During that same time frame we also see an intraday ghost pattern on the Nasdaq Futures also showing massive selling. These are layered predictive patterns reinforcing a selling signal by insiders.

On August 1st, the Bimini Road X account tweeted about Speaker Pelosi's $1M investment in Nvidia, referencing the previous day's headline. The news sparked a bullish mood across the market. However, pre-market intraday ghost patterns revealed insiders panic selling the Nasdaq 100 & Russell 2000 futures contracts to hedge against the yet-to-be-published bad news about Google. This led to a sharp 12% drop in the Nasdaq 100 futures—a significant move. The monetary gain of a short position was 4,300% or $44,000 in profit per contract with only a $1,000 intraday margin per contract.

Identifying layered insider activity in correlated securities is an exclusive and incredibly valuable discovery by Bimini Road.