I think hes trying to get people to short this to help squeeze. Your assessment seems correct but this likely needs Trump win for next leg (which i think the chart is indicating). Apparently Harris win will cause a crash.
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Here is a collection of my research going over multiple subjects including Tesla AI/Neural Net for AB missile systems, SpaceX satellites = grid of satellites for Brilliant Pebbles, September 11ths SpaceX connection, & Musk = DoD stooge. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175270333