 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Let's take a quick look at some of these markets. We're going to start out here with the gold market today because we hit something really big this morning. We're going to go to the weekly chart and bring it up to show you where we are. There's our number coming down here. We had an order to buy it here at 1881. Put our stop at 1874. The low was 1874.50. So keep that stop working. If it gets filled, we'll probably relook at it again at 1869 because that's the 78% level of this move. But we've completed the big ABCD move here since July. Here was the Fed, if you remember there that day when we were looking at the Federal Reserve and then boom down she came and here it is right now today. There is something else that's out there that could be causing this and that is this pattern right here which is this larger ABCD pattern right here. There's your AB leg, there's your CD leg and that could take it all the way down here to 1825 and that would be pretty close to the 61% retracement of the low going way back when we were at 1600 in gold and you can see that number comes in here just below and we're looking at 1825 and possibly even hitting below 1800 getting to 1796. I'm still bullish in gold folks. I have to be because I bought it at 1881 but that's basically what I'm looking at right now. The bearishness we've completed most of the pattern through here but this big move down here, you can see here we're down $70 this week which is a huge move to the downside. So let's pay attention to the patterns. Folks, do you remember when we were back here we couldn't get anybody to buy it? Look at this beautiful three drive to a bottom pattern right here. Look at this. There's AB right there CD down a bang bang bang look at that beautiful symmetry number of days down just absolutely perfect and if you looked at it real closely you could see another AB CD pattern in here right about there at the same time. That's off by about a buck but there's your main one right here is a three drive to a pattern three drive to a bottom pattern here. Now we've got one other one we have to pay well there's so many to pay attention to today that it's very very very informative to look at some of these charts on a technical basis. Let's take a quick look at the old black gold crude oil look at this folks you see this ABCD pattern right here since July September and August there's your 44% I think that it came almost exactly to the 382 and there's the 382 right there right about in here and you notice here that we have this number right up here this 1.618 expansion folks thanks to our good friend Mr. R.W. out there in Muscle Shows North Carolina I think is where he lives let's take a quick look at this because he sent an incredible chart that I think we all should take a look at it this is it right here we're going to get it up here and then we're going to blow it up so everybody can see it I hope I hope we are I hope I hope I hope yeah here we can see it pretty good there it is right here look at that look at the number folks the 1.618 expansion on that came to 9503 do you know what the high was 9503 Randy you got really lucky but the chart is great now we're starting to move down first thing you'd be watching for would be the 382 to the downside so let's get back and take a quick look at that so from the last low you'd want to be looking for a 382 coming in possibly right around here at about right around 89 yeah right around $89 near this low right here there's also a possibility of making just the first 382 of this one right here which is probably well we're already through it right now so that tells us we still have a chance to go a little bit lower so that's the crude oil now let's talk about the old stop and pee okay here's where we are we had that big move you know our number that we were looking for was a 4316 we went down lower yesterday to 4275 and boys and girls please take your hats off and tip them over there to Miami, Florida where we have Mr. Shane Smollion who's texted me four minutes before this happened that he was covering his short position at are you ready boys and girls right there that's where he covered 4277 the low was 4245 I believe or something like that anyway hit it right on the money but look where we are right now folks if you like ABCD and some people do we're just going to take a look at this from where we are right now so the market had a big run up it pulled down to the 50% retracement today you can see that's right there okay of course it went above here we knew we were going to be going higher now if you like ABCD Johnny put the car down everybody likes ABCD okay let's take a look there's your A leg right here there's A and there's B and there's C and there's D 4355 and the high was 4355 75 not too bad now we backed off about 15 we're down about 13 handles in there right now so what you want to be watching is if we do get above this and I hope we do today or tomorrow we do get above this this is what we want to be watching this is the first major and I'm talking major here because we've rallied 80 handles from the low down here okay that's 80 handles that's the biggest rally we've had so far but if we could just do this this would be my semi Christmas present if we could do that I would be happy to be happy with that the reason what I'm looking for here folks is looking at this on a daily basis what I'd like to see here is get this out of the way there was our target right here the 4316 now we're having a rally this rally is the really important rally you see we had a low here we had a rally in the pullback we could be looking at a move here because see these were equal okay to the downside so this rally right here that we could be looking at could go between right here which was a 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 days we could rally for two weeks and still be in the realm of the market but if in fact it's really bearish and I'm talking really bearish we're going to looking at here is this number right here this old low at 4,400 we're at 4,341 right now just put this on your chart and mark it because if it does and if it does do this and take three or four days we got Thursday Friday Saturday well don't count Saturday Thursday Friday Wednesday Thursday Friday if next Friday we're only up here oh boy look out Gertrude look at this one 1, 2, 3, 4, 5, 6, 7 days so watch for a little 7 day pop into this and if you get it right in here ooh that would be really nice now that's the 3, 8, 2 offer here if this market is really bullish and it could be you go from the high here to the low here and oh that is the 3, 8, 2 here comes in higher at 4,434 so those are the two numbers we'll be watching this each day but there's the 3, 8, 2 offer this one there's a 3, 8, 2 offer this one I hope that helps maybe it does, maybe it doesn't we'll be right back 877-97664 Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 finishing at number 2 for the year, an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter Steve's award winning newsletter Mastering Probability Mastering Day with updates throughout the afternoon Sign up for Steve's market newsletter Mastering Probability and you'll receive access to 7 of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today TFNN Educating Investors Introducing Tom O'Brien's award winning newsletter Market Insights your key to successful active trading Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with Tom's real-time 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For all the details and to start your 30-day Tiger Forex report subscription today visit the front page of TFNN.com TFNN Educating Investors All now, toll free at 1-877-927-6648 internationally at 727-873-7618 Okay folks, we're going to take a look here at the Dow Jones in Many Futures You'll notice here that we completed the ABCD perfectly here You'll notice there's your tiny bit below it There's your AB leg There's your CD leg and as you can see we went right down and the number we were looking for was 33578 and the low was 33544 Wow, missed that by 0.30 30 points in the Dow $150 Well, I'm going to do something a little different Since I missed that so far I'm just going to put in my moving average and see when that will give me a buy signal. I guess that'll be when it gets up into here I think that's what I'm going to do Now, I don't even know what this moving average is Let me find out which one it is I'm not making fun of moving averages This is an exponential 13-day, 13-3-34 whatever heck that means Anyway, the master of this is Basil Chapman He can use these like no one I've ever mentioned and he uses multiples which is really good, but the reason why and I'm answering your question is what I'm trying to do here is why I don't use moving averages and oscillators is because they're lagging the market You can see it's way behind here Sure, it's been going down Once you close below it here that was a good sell signal, but this was a better one because that was at point D That's all It's a lagging indicator Just like if I wanted to use a stochastic or anything else like that I don't use those because they're lagging indicators I'm trying to get some place in the market and the ABC has served me well and that's what I'm looking at That's basically what I'm looking at I want to take that off because I don't want to remind myself of it again and believe me, I was not making fun of it because there's a lot of times where ABCDs just will tarry a new one if you're not really careful Other times, it looks pretty good Over here on the bottom, look at this nice ABCD that you had right there As a matter of fact, this is known closely, we'll just get this up here and draw it so you can see it Back here in June or May you can see this was a beautiful nice little butterfly It's not a three drive pattern You have to have a lower bottom in here If you've got a higher bottom and you've got an ABCD you have a butterfly That's what that is Let's get over and get this out of the way I've got Mike Moore coming up and I've got a question for Mike yesterday and let me just show you what I want to talk about here Here's crude oil right here on the 50 minute We've already backed off $3 a barrel today folks That's what it's backed off from that big ABCD 1.618 expansion See, $94.89 was the ABCD The high was $03 This is where we are now The first thing you'd look for is to find a 382 or an ABC somewhere in here You don't see anything here except you see Look at this What is that Johnny? Is that what I think it is? It's an ABCD Let's just see if it goes to the 382 just for kicks and giggles There's your high right over here There's your low here and there's your high right here What does this number say right here? That says 0.382 Well, how do you do 0.382? Look at it right there Shut the front door and raise the rent, not so bad That tells us that we're probably going to go down to right here which is the big ABCD of this one which is $90.49 People are asking me Did I do this trade? No folks I did not Larry is not trading today I didn't even buy gold today I got worn out puppy So I taken two days off of the trading I'll do the radio show but no trading In fact, I just started looking at the markets right before the show came on All these things I'm looking at are on second time but I'm not watching them because I need a little time off I've been burning the candle with both hands and the candle burned me this morning back on Sunday I know where these markets are going All I'm going to be doing is waking for the times that really make it look good and that's what I want to do Anyway, remember this folks This is really hard to go But look at this one here There's other things here that you can use and this is what I want to be showing folks when you have a real strong trending market This thing's been going up forever The first sign that it stopped going up forever is I haven't even done the 3-8-2s of those because that's way down here I don't even I think I can do it No, I can't because it keeps updating and that won't do it but if we looked at this right here, you can't see it That's what happens when you're live and not Memorex Anyway, these are lower tops in here that's telling you it and when you start breaking these bottoms look at this beautiful 3-drive these are really nice 3-drive to a bottom look at that, you got a perfect A B, C, D and if it were really bullish the market would go pretty good it rallied it rallied $600 right here Now I don't think that was a 3-8-2 but let me double check just for fun kicks and giggles move that in right here and it didn't even make a 3-8-2 retracement that would have been up in here but there was a 3-8-2 retracement that we wait for which is also the AP equals A, B, C, D it works during that time so as H.M. Gartley said Harold McKinley Gartley sell that first A, B, C, D in a bear market and buy that first A, B, C, D in a bull market buy golly doesn't work all the time but it works a lot of the time alright now we want to get back here we only got 4 minutes to go 6 minutes before we have Mike more analytics up crude oil is a massive divergence between crude oil and heating oil like I've never seen before and I view this I'm probably way off here but when you have a crude oil contract that crude oil has to be fracked in other words it goes through a fracking process where it breaks into heating oil and gasoline okay that's no difference in my opinion as a commodity trader then if you have a soybean that breaks down in the soybean meal and soybean oil soybean meal is 80% of those 3 beans in the pod and the bean oil is 20% I don't know what the relationship is between heating oil and gasoline on that percentage but we're going to find that out from Mike more because that's an indication that you want to be looking you know for something like that so I hope that helps back in the envelope math that I'm looking for there so I hope that gives you some idea what we're watching here I think that was the last one oh the last one here was the soybean oil if you remember folks we were looking at soybean oil and we were looking to be a buyer right here and of course we took a quick loss here of about 30 points or $180 and now you're starting to break down really badly we had a really nice setup there it was everything that you could ask for like I say when these things fail they fail really badly because at that same time you remember we had a really nice ABCD pattern coming in there at the same time that's why it was so really nice and then it turned out to be not so nice and boom down it went let's just see if the last rally up here was a 382 off of the last time don't think it is but it might have been from below there's your 382 there's your 382 is what you do thumbs up Johnny we'll be right back folks like more more analytics 8779 Gold Report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai Gold Exchange The Gold Report Tom O'Brien publishes weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds the South African RAND as well as 25 different mining equities with specific buy sell recommendations The Gold Report new subscribers get a 30 day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 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on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV okay we've got Mike Moore for more analytics on the line Mike how you doing today hello everybody good thank you you're looking good I got a question Bubba I'm an old soybean trader I started traded beans back in 1960 and I've always been looking at the crush when they crush your soybean it's crushed into 80% meal and 20% oil and I watch those as they go up and down sometimes a meal will be leader sometimes the oil be leader but when I look at crude oil and I know when that when they when you do a crude oil they don't crush it it's called fracking is that crack they put it through a process called a cracker okay cracker okay now that breaks down into heating oil and then also into gasoline what is the percentage between heating oil and gasoline when they do a gallon of crude oil it's either or it's not percentages on either side so they either are producing heating oil or they're producing gas but they're not producing both at the same time so they're not producing both that might that might ruin my theory here my theory is when I look at the crude oil chart that's been going straight up for like eleven fourteen sixteen days something like that and heating oil and gasoline are lagging really badly that tell me that tells me that if a person is in the crude oil business why would you buy crude oil when you could buy either gasoline or heating oil at a much much cheaper price say that one more time I'm sorry okay we got crude oil hit ninety five dollars a barrel last night ninety five three okay we got heating oil is still down substantially from where it was last week a gasoline is in a bear market so why wouldn't he just wait and buy the product as opposed to buy the crude oil well when you're when you're rallying you always want to buy the market that's leading the rally okay it's not like you don't want to get into that suckers thinking that's like well let me buy the laggard horse and maybe it'll catch up that's not the way it works in the energies you know whatever is leading the drive is in general that leader so it's going to pay you off far better than the other laggards in the same way on the downside if one's leading on the downside you want to be getting on that one as opposed to the one that's lagging on the downside and also you can also play it both ways there's times where you can be long the crude and short the heat and I you know it rarely happens but sometimes they go in opposite directions and when that happens you can have a particularly pronounced move that's what we've just had in other words you could be long crude and short gasoline and make a lot of money right yes sir big big moves in the cracks go ahead it's your show now tell us what you're looking at here buddy we hit 95 where are we going from here okay you see my screen all right yes I see more analytics that's what I'm looking at sounds good let's take a look at the crude oil here sorry give me a second okay so I turned bearish this morning and the crude we just as a backup we've been bullish well overall we've been bullish since it was trading $15.37 but more recently the break above $65.31 this is the one we've been talking about on the show for the past couple months but we broke about $65.31 that warranted decent strength we attained $29.72 of that and you can read about some of the others in here if you remember also talking on the show before I was talking about the Brent and if you recall I said that the Brent was poised for $13.90 to the upside from the $82.33 level and then I back that off the projection to about $12.40 we went on to attain $13.02 anyway of that so far before rolling over but the crude oil this morning can you see this word doc okay yes yeah coming in nice and clear so we had all that I put all these bullish formations there on hold this morning and I said the break above $92.43 major high in conjunction with the failure back below $94.15 which is a trend line I had now warrants a decent pressure and that was you can see it coming in right now that was the failure back below these two lines right here so we've been seeing that pressure ever since now we fail back down below this and this could turn into something more significant if I blow this whole chart up here for a second just to give you an idea well it doesn't show it on this one actually that's not a good example apologies if we see a gap open lower tomorrow that'll leave a minor bearish reversal above as well this could be the end of this structure upward could be entering into a a bearish correction but it's a little hard to tell right now but nonetheless immediately a bearish if we fail back down through this line we broken above this one I think I was talking about on the show last time that's what brought in some of this bullishness after being bearish from the break below here and the bearish from the break below there we take that formation out on the downside that's also going to be bearish we're going to come in at 89.35 at 2 o'clock 89.35 and that decreases by 2 ticks per hour you got any questions you want me to look at the AR Bob and the heat no no let's keep going that's great this is what we want to be seeing that's sure you don't want to hold you back okay so actually before I go to the AR Bob and the heat let's just take a look at the cracks because they're important because they tell a story here so the heating well bearish from the break below here that came off came off and then we held exhaustion exhaustion levels down in here which I said we're born of short covering and then we broke back above a bearish formation right here this break right here says that this crack is bullish now that means that the heat should be strong relative to the crude or the crude weak relative to the heat and if you take a look at you can see that here sorry you can see the heat is up um is up 89 ticks and the crude is down 200 ticks so and then the the AR Bob crack or unleaded gasoline crack has just been in this bearish slide right here meaning that the unleaded is weak relative to the crude or the crude strong relative to the unleaded and then looking at the AR Bob the heat spread that got that turn bearish yesterday on the break back below this line and overall has been bearish so what does that tell you this lumbering move to the downside is being led by the unleaded gasoline does that mean they're going to have less gas I mean gas is going to come down in price here in Tucson because it hasn't moved it's still four bucks a gallon here should we start going lower pretty soon yeah well we're going to take a look right into that right now but immediately what that tells you is um the AR Bob is weak relative to the crude and the heat is strong relative to the crude so the AR Bob is two degrees away from the heat um two dimensions oh I don't know how you want to say that but but anyway in the AR right right here we've just left a bearish reversal above a minor bearish reversal above in that market we're also coming down we're approaching this uh fairly major formation coming in at 246 65 we've got to take a break here Mike stay with us Mike more and more analytics folks we'll be right back you might think that if you want to be successful at trading in the stock market you're going to need a 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successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to successful trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has 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left off with the unleaded gasoline being bearish that we're leaving a minor bearish reversal above on the day so well there's one made was one major formation below to be aware of that comes in at 246 which were quite a ways away from and that only increases by two ticks a day decent break below there should bring in a heavy selling doesn't have a specific projection but this thing could really fall out of bed another 20 30 40 cents if we break below there going to a lower time frame chart this would be a 60 minute chart we had broken below a number of formations first of all we held that exhaustion we were talking about here on the upside let me just get this in front of you we held exhaustion at 26924 with a 271 high and rolled over 24.09 cents and I wanted that was that break below there were ones of a further entry into a bearish correction so we're seeing that then we broke below this formation this formation we just pulled up here and just tried to hit the stop we couldn't get it and now we're rolling over so and this formation I was going to mention here but it's not fully quite formed so I'm not going to mention that further but anyway this is bearish less we take out this line above that line above it's going to come in at 18 minus 7 ticks per hour so this is leading the downside this is the one you want to be if this thing starts to get crushed and of course no I'm saying it could really be political but if Trump gets elected that's going to be the anti-biden gas trade I just I want to show your audience something kind of funny I think I should this in a minute one of your previous shows saying a second here this is one of the larger predictions I ever I ever made in gas was right in here when we broke above this formation I'd said this is back in I was around the 10th of December of 2020 and I said that it was going to be projected upward 30 cents minimum of $1.25 maximum and I just took off but that was four days before Joe Biden entered office or four days after right around when Biden entered office so that's what's happened since so anyway Mike Mike from now on don't mention anything that related to politics not even the person's first name or last name well no I know I'm just I'm just joking politically for either one or not I was I wasn't necessarily making any commentary I understand or not but just if you're serious about trading oil and energy you have to understand the difference in their policies are vastly different and if Trump gets in he's going to be drilling for oil period one of our guests on the on the pricing of it okay one of our guests had a propensity for politics and we had to cool him down for a bit so we don't want to do that with you so you did you did really good so far you can mention that because it was part of a historical thing so keep that up so keep up the good work yeah again it's no political commentary and who I'm for you should be for anything like that it was just a commentary on okay the ten four policies are had a major effect on the pricing of oils what I'm saying um okay so we're taking a look at the heating oil sorry yes sir the heating oil has rallied the past two days it did leave a moderate bearish reversal and that was negated so that's pretty bullish for the heat we had broken below this formation right here and rolled over prior that was let me see trade below 325.02 we'd seen 12.43 cents of that decent trade below this lower formation that increases by three ticks per hour down here that comes in at 314.26 if we break below that that will be bearish and then this will really be projected to the downside right now we're struggling with breaking above this line if we take that line out that's going to be bullish um that comes in at 328 actually excuse me that comes in at 327.90 this hour 327.90 plus four ticks per hour so if you break above that we're probably going to head up towards these highs now obviously if the heating oil breaks above a formation it looks bullish and the R-Bob breaks below formations and it looks bearish that means you want to be short the R-Bob to heat spread because that R-Bob's going to keep coming off and that heat's going to keep going up and you can make a significant amount off that spread even though it's very thin you can trade the R-Bob's you want me to mess around with the Brent to the gas oil which are pretty much similar yep just mention the Brent we've had a question about Brent the difference between the two so if you do that wouldn't that be great so Brent also rolled over we came just side this major exhaustion level I had up here at 95.60 to 95.91 with the 95.35 high and we rejected and then we took out this old high right here at 94.57 so I said this morning that that was poised for pressure so we came just shy of significant exhaustion here the 95.35 high and also fell back below 94.57 which now warrants a possible pressure if we take this area out it'll reopen up the upside but we basically have been seeing pressure all morning we fell back down through these formations down below that should bring in further pressure I know you only got a short amount of time so if you don't have any questions on that we can answer questions or we can jump to the natural gas let's go to the natural gas you've answered the main question we want to cover in that that was the difference between those products and then also the Brent so we're in good shape so let's go on to maybe take a look at the S&P yep did you not want to look at the natural gas oh yes absolutely I'm sorry I heard the word and I didn't do anything about it sorry watching very close did you know the natural gas turned bullish today um we had already been slightly bullish in here but we were rejecting off this line now we've broken above this line which is bullish and projects is higher probably for days this is also important because we just finished a bull structure here in a lower time frame finished a bearish correction against it and now I think this is the start of a new bull structure upward we fell back down through this line key that would change everything that line comes in at 291 excuse me it comes in at 292 even minus 0.6 of a tick per hour starting on this hour alright S&P 500 had some major calls in here I think we started these major calls when we were on the show before sorry about that I forgot to uh silence that before we get on the show was that a telephone ring what's that was that a telephone ringing yeah my apologies no no no you're fine now you're good what are you talking about not worry about it so the S&P 500 I've been bearish for a number of days in here just overall I cautioned of exhaustion we held this with 46 3450 high and rolled over 357.5 points okay we've got to pay a few bills stay with us and we'll have you in the last two minutes we want to talk about gold and also treasury bonds okay alright we'll be right back with Mike Moore more analytics folks if you're looking 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T FNN is launched the Tiger's Den hosted at Discord T FNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tiger's for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational page of TFNN.com Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Good back folks with Mike Moore and more analytics and I'm going to be talking about the gold market. Gold or the S&P? I'll do the S&P first and then the gold, sorry. So the S&P right here, I'd said, we've been bearish since I cautioned of exhaustion at 46.35 and a quarter. We held that with the 46.3450 high and we rolled over 357.5. You can go back to the past shows where we made that prediction before. Then we broke below this formation right here, which got us more recently bearish at 45.17, brought in 240 points of pressure. Then we broke below this formation here, which was a very major formation. I think we were talking about it on the show last time. And we've seen 203.25 of that so far, broke below another formation here at 44.2075. That brought in 143.75 points of pressure and still overall bearish. We did pop above this little area right in here at 43.3650 to 43.38 and a quarter this morning. But I said, should bring a little bit of strength, but now we're failing back down through it. So we may see a resume bearishness in there. If we were to break back above this line, that would probably resume bullishness and above this line here would would more of a significant move up. You want to take a look at the, did you see the, the bonds? Yes, sir, the bonds. All right. So I don't normally analyze the bonds. I haven't done that in a while, but I did a quick analysis of it here for you. The, the bonds broke below a major formation up in this area that projects this much lower with the target down into this area. But that set that being said, this structure here looks like we may be in the last stretch of it with exhaustion right around where we are, right in this area, another exhaustion rate in here, and then further exhaustion levels lower. If this gets back above this line, that's going to be one of a major rally possibly. Okay. Thanks for, thanks for joining us, Mike. We'll have you on again soon folks. Mike, more of more analytics and we'll see you on the flip side tomorrow. Live every day in an attitude of gratitude and may God bless. Building wealth trading in the stock market seems important.