Nasdaq Futures Gain 4,300% - GOOG Tanks

Bimini Road identified a Ghost Pattern on July 23, 2024. The pattern lasted 13 days on the Google daily chart indicating a large selling event by insiders just prior to a Judge ruling against Google on an antitrust case.

During that same time frame we saw 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 1, 2024, the Bimini Road X account tweeted about Speaker Pelosi's $1M investment in Nvidia, referencing the previous day's headline. LINK

All eyes on $NVDA today and #NQ but the #RTY was the real play today. I've got 👻 + 2 more confirming signals telling me the Russell2000 is wrecked. That's triple confirmation

— bottom1 (@Bottom1Frankdux) August 1, 2024

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 powerful discovery by Bimini Road.

The bad news from Squawk Box. LINK

A federal judge has ordered $GOOG to open its Google Play Store to competition. @aneeshchopra, Fmr. White House Chief Technology Officer, says "the facts don't look great in Google's case": pic.twitter.com/J5s0Arg0PP

— Squawk Box (@SquawkCNBC) October 8, 2024