 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Toll free at 1-877-927-6648 or internationally at 727-445-1044. Now Larry Pezzavento. Hi everyone, Basel Trapp is sitting here for the one and only Larry Pezzavento today and Larry's away. So I want you to show you that the TLT, the Lehman 20-year Treasury Bond ETF, is down $1.21 and $1.31.23. Made a high yesterday of $1.32.58. Let me just show you this real quickly for those of you who are not used to my work in the chapweight methodology. We try to identify the lowest low bar, merely count each successively higher peak and label them alphabetically on the way up. We can go to seven peaks, A, B, C, D, E, F, and G, but it's at the fourth highest peak, peak D, that other things can happen. What do I mean by that? That's where you can have a grill seat. Many of the charts I show today at peak D, you get a much bigger pullback or it could recycle and start a brand new buy mode. I only look at three patterns straight up and straight down. That's a straight line or I look at an arch or a curve. Those arches or curves could be made up of an inverted V or a V-shaped pattern, but it's the same thing. Going from one level, rallying, coming back to that level, testing it, break that level of support, you can go lower. And on the upside, you break that level of resistance, you can go higher. And you can get a mix of the two, but it's basically the same three patterns. Straight up, straight down, arch, straight up, straight down. In this case, down, makes an arch formation like a lowercase H. Test the left side low, breaks it. You have to do an analysis there. Sometimes it can continue and make another arch, so it looks like a lowercase M and that can keep going for a couple of times. And on the upside is the break of the upside in the inverted Y pattern. All right, let's get out of that. Here we go. How does that fit here? Look, here's your cup pattern. It's called the Chapman Wave Cup and Ladle because it went right through 126.69. It's going all the way to 132.58. Normally in this pattern, I'd be saying there could be a left side, a test of the left side high of 126.69. That's a long way down. So a lot has to happen. But in the meantime, back of the ranch, there could be a high level consolidation of the bonds here. And that would mean that rates, yeah, they move a little bit higher, but then they stall. So this is going to be very important. What happens? Look at the power of this move with the, I use technical analysis in the sense that I use the standard tools. MACD, the stochastic, I use a slow stochastic moving averages. Now he does not do that. Of course, he looks at butterfly patterns. You can even see there's some butterfly patterns within here. What we're looking at is this leg E in the weekly chart has a strong MACD and the stochastic is flat at 94%. If the stochastic is going to stay in the 90% area, that's going to suggest two things. For me, at least the way I look at the market, it means that this market is still going to be under pressure because money is going to be coming out of the volatility, meaning the downside action of stocks and come into the safety of bonds. That's really what we're looking at right now. Look at this monthly chart, huge leg A pulls back a little bit, huge leg B pulls back a little bit, and now a huge leg C, but the difference is suddenly we are actually going into the next month. This is the month of June with a slightly higher high. There is a difference here. And if you look at the technicals, you're getting what I call a Chapman Wave Squash, and that's usually very powerful to move to a leg C in the chart that you're looking at. And then you can pull back as the stochastic starts to take a bit of a breather and the MACD's momentum. So the torque of the stochastic pushes it up, pushes the price up. The MACD fast-moving average, the nine-period differential, this green line on the right side chart, daily, weekly, on the right is the monthly holds the price. So this is going to be very important. What happens in June, and my suspicion is we're going to see a pretty choppy June. We could see some kind of a rally here, I believe, from my subscribers to my opening call. We were in a position where we're actually shorted out from the day before the recovery high back in April. And we remain short taking quite a bit of profits on the way down. But we've also got a long position. And this is the way it is, just a short-term trading position. We'll see if that happens. All right, let's get you some other new goodies here. There's a Terex, because I wanted to show you crude oil, that this particular point has had a big arch formation. Look at this weekly chart. Look at that H-Pattern Loic, it goes 7690 back in October of 2018, down to 42.60 in December. This long-legged doji candle starts to move up, goes to a peak C, hits the 200-period moving average at orange line. Resistance to go how many times? Five times, four times it hits it. Once it goes over, it cannot close above it. Now it's on the way down, it's below the nine and the 14-period moving averages. This is going to be very important for crude oil. It's also telling me about the overall economy, and it's saying there's some weakness right now. That's represented at least for me by the crude oil. I am looking at strong support in the 52s that goes back to February's lows for about four weeks. It was trading 52 as a support level. If it closes under 52, that's a big problem. My thing is, there could be a little bit of a bounce here, but there's a little bit of a bounce. But it turned into a bigger bounce going back to the 56s, where crude oil is going to be stuck. And if you put it together with Dr. Copper, International Demonstration of Buying and Selling, certainly in the building area, so Copper is down again, it's a 2.64, it's gone from the peak D. Yeah, we are. There's that peak D in the Chapman Wave methodology that goes all the way from the three level down to where we are. And right now, and the McDean Stochastic and the weekly chart are very weak, monthly chart doesn't look all that good. And I usually like to put it together with wood, which is the iShares Global Timber and Forestry ETF, which has made a full arch formation. This is a low-case variation. Let me just show you once again so that you can see patterns repeat over and over. Look at this pattern. There it is. And, say, as we just saw in crude oil, we've just seen it now in the wood iShares Global Timber and Forestry ETF, trading at $55.38 at the close yesterday, a little bit of a balance. Wow, $5,506 was the low back in December the last week of December, and last week's low was $55 round number close with a $54.33 low. Took out that low, but it hasn't closed below, yes it did, $0.55 a close, $0.06 lower. That says watch out because any rally now should have limited upside to at best $59 and then you could make another arch formation. This is a very important moment for the iShares of the Global Timber and Forestry ETF. Let's get to the question I had, what was the question? Could I look at to move ahead of tomorrow? NQ, which is a NASDAQ, this is a continuous contract made at PEE, double top in the Chapman Wave back in April into May the 1st, and then it pulls back really sharp. It goes to a low yesterday. This is really important because it goes from the 79 area down to the low of 69.41. So that's 1,000 points. That's a big move down. And you can see a monthly chart made an all-time high just above the previous side in the V-shaped pattern. Come back a little more than I would have anticipated based on the pattern itself with a 14 period exponential moving average support in the monthly chart right at 7,081. So it went lower than that, but it's above now. It's just a little bit below that of 7,060. Really important that there's some kind of a rally of at least sustainability for at least three days. We want to see. I'll be right back. Basil Chapman, the host of the Tiger Tech, this is our new sitting in Fulleripa's evento, and I'll be right back in a few minutes. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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I was asked a question about whether if I could look at the continuous contract of a New York Harbor blend stock, RBOB. It's trading right now at 1.71. I don't really see anything here. A, B, made a peak C in the weekly, sitting on the 200 period moving average of the weekly, this is a problem. These yeah, it's all these red candles says that any moment you can have a green candle, but at 1.71, I would just put it this way that the stochastics at 5 percent trying to turn so today's a really important day to at least attempt an upturn. But if this is the upturn that counts, what the MACD, the moving average convergence divergence is so heavily negative that it's going to take at least two or three attempts. In other words, there could be a rally, then a retest and then another rally. So I'm going to put it this way. Today is Tuesday, June the 4th. Oh, you're short, short from 2772. OK, if that's the case, then you've been perfect. OK, as I'm looking at it right now, the weekly chart is suggesting that it could be a balance, but there's a really good chance that it's going to have to go and test the one point. This I'm looking at this on the continuous contract. So 1.714. Yes, I'm just going to say to you, any rally to sustain itself has to see the MACD turn up and the stochastic go from the 5 percent level at least to 15 percent and then 20 percent. That's going to take a little while. I think there's going to be continuous pressure to this continuous contract. So unless it's trading at 1.94, is that an eight? 1.84, I'm sorry, 1.84 by within 10 days. I'm going to give it a full 10 days. This is it's just going to do a lot of retesting in that 200 per moving average to 1.78 right now is that doesn't look good at all. How you how could you be short from that level? Are we looking at the same contract? We can't be looking at the same. You're short from two seven seven two. Oh, OK, I must be looking at something wrong. So that's what you're looking at. I you've got this. I've got the RB and I've got at RB. Is it let me just go RBZ for the moment to see if I can do something different RBZ? I'm still in the one point. Did you mean two or one one point to seven seven two? Yeah, you must be one. So I'm just saying to you, I think that you're in the absolute the right position that rallies are going to probably fail. And there's going to be a lot more testing before we can have a V shape. And this is spectacular news. A V shape recovery just doesn't look like it's in the cards. You could have a little bit of a balance to make an arch formation. I think you're looking good there. I can just tell you this. And if it takes out this low of the 50 week to the 15th one point four four four, that's a real problem. So that's the way I'm looking at it right there. OK, let's do a couple of things because before the opening bell just got a few minutes. Let me just run this quickly. The YM, this is the the Dow futures continuous contract. Trading right now up one ninety eight. There's a little news report here that says Trump US is committed to a phenomenal trade deal with the UK. You remember phenomenal today is un-phenomenal tomorrow. This is this is this is a negotiating tactic. So I'm not using any descriptive words right now. I'm going to say let's look at the charts as they are. And we're up two hundred and two in the futures and the Dow. This is a really good sign. One of the reasons I'll explain. One of the reasons why I said to subscribers yesterday, we're going to take a position on the long side of the Dow is because within the context, look at the VIX index VX dot X. And this to me, I'm just treating it initially as a shorter term position because it's counter to what we are in for the intermediate term position, which I don't think is quite done yet. So if you're looking at the VIX index, which is at 18 right now, the move that we had with going to lower lows in almost all the indices should have seen the volatility index at least test the twenty one to twenty two area close to the high of the ninth of May, twenty three thirty eight. That high was it was a little bit of a wonder for me. Why it went that high under the actual economic conditions and what was being discussed, it is almost the same as that. Where was that crazy one that went to 50? Remember this one that went to 50 point thirty back in February of two thousand and eighteen, it was absolute mystery, higher years and all that. But the news itself wasn't anywhere close as bad as even the one that came much later with yours, tariffs, China, the Saudis right there on in December of two thousand and eighteen plus you had a really interesting phenomenon because the Fed had committed themselves to a number of moves to the upside and that went to thirty six point twenty. So this move to twenty three point thirty eight on the on the ninth is the one that I thought was suspect. This is the one that I thought would actually move because it sounded a lot worse a few days ago and it didn't. It only went to nineteen something. So I'm looking at the VIX index as saying there's a disparity. Number one, the TLT in this very powerful leg looks a little overboard to me and it could pull back. But I'm going to make this. I have been saying it on my show that I get conditions out at noon every day and to my subscribers to my opening call. My daily newsletter that as long as the TLT is holding well and that's stochastic, which is at ninety five percent in the daily chart. If it flattens out at ninety three percent, but holds in the mid nineties, that is going to say that rallies will probably fail as we come back and do retesting in the major key the key indices like the Dow, the S&P, the NDX 100 and the IWM, the Russell 2000 because it doesn't mean that we've gone to an extended AD that you suddenly have to make a V shape. What is a V shape reversal? A V shape reversal is what what chart was I looking at short while ago that I was asked about a CL was a Crudo. Yep, Crudo. Yes, the pattern that I talk about right here is the pattern that I call the Eiffel Tower straight up straight down. It looks like an uppercase A. Let me just type that in right here. I always go A and then I give it a nice there we go. So now I'm going to give it in the text. I'm going to go to red, make it font goes all the way to forty eight. And then I put this right in. You can see exactly what I mean straight up and straight down. We look at it like the Eiffel Tower up down little angle to the big angle to the upside, big angle to the downside. Looks like an uppercase A and how test the left side low is really important. What was the chart that I was looking at that I had a perfect one just a short while ago does Oh, was it wood WOD? No, it wasn't. It doesn't matter. So in the meantime, back at the ranch, as we say, the E-mini on the short term basis, let me just show you here, has gone to a peak G in the two minute chart, a leg D in the five minute chart. I would not be surprised if it when the market opens. This is a sudden pullback and then I moved to the upside in the many futures of twenty one twenty two at twenty seven seventy one the E-mini and five minute chart has gone to a D, but the ten minutes only a leg B and that should over the period of the morning should should get to a leg D. We'll be watching that closely. Basil Chapman sitting here for Larry Pezzavento. I'll trade what you see. This is the break before the market opens at nine thirty eastern time. Stay tuned. We'll be back in a few minutes, four minutes, three minutes, and then we'll do the opening of the day. We'll be back in a moment. Larry Pezzavento has just started his brand new service Fibonacci twenty four seven and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. Each Monday, you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week, when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date, active trading information that will help you in your daily trading in Larry's first week alone. He sent out twenty five charts, six videos and a full report to his subscribers in just one week. 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I-N-D-U, the dah is up $212 as we start the open of the day. The S&P is coming up and it turns out the bend and it is up 23 at 2767. Having made a low yesterday, I've, oops, I forgot to type that in. Yesterday it's gone from 2949 in the high of the 1st of May, 2949 down to 2744 has 200 points. That's a huge move, 2000 points in the Dow, 2200 points in the S&P. So it needs to get about 2378, 2778, the 200 period moving average. And there's a whole bunch of resistance, target points and resistance between 2778, 2788 is next, the pink nine period exponential moving average, 2806 is going to be the big kahuna to to push over. And as far as the week, these concern needs a little more time to get the technicals to turn up and price. So we'll see how that works out. The QQQ is following the others. The others are now up 0.87 and 0.90. And what is the QQQ up 1.21 percent up $2 at 172.13 in the middle. Just a little bit above the middle of yesterday's very ugly candle. Nervousness about testifying candle. And it's 169.27 was the low and it's trading up at 171.97. I like that. That's good. A lot of work needs to be done for it to get to the 179s in June. That's all I'm going to say. But any retested closes under 168 in the next week or so will be very per action. This is a very much needed, oversold bounce that we're seeing. We're also looking at the IWM, the Russell 2000, which has been lagging in the chart formation in the weekly chart. But actually yesterday, when Hawaii was leading to the upside in terms of the candle, today's up 1.13 percent up $1.66 and 148.06. Nice action. Look at the V-shaped pattern on balance volume. Look at the V-shaped pattern in the stochastic going to 9 percent. This says to me that there's a chance. I didn't want to do it for subscribers today, but it's something I'm looking at. There is just a chance that over the coming, let's say three to four weeks, we're going to see whether the Russell 2000 small caps act a little bit better than the multinational and the much heavily weighted international stocks in the other indices. So that's going to be important. Let's look at the XLF, because the XLF is also kind of key right now with interest rates, etc. Up 0.36 up 1.39 percent at 26.55. Nice balance. That's what I say to subscribers. I'm expecting some kind of bounce in the sector. So we're looking at it holding a very important trend line support in the weekly chart. Look at that. Just a simple trend line holding the support. Maggie hasn't yet crossed the negative because it's a weekly chart. We have to wait for Friday. We're going to be watching that closely to see what happens in the S&P select financial spider. Now, let me just get to this. I had a question about GBTC. Now, I remember just a moment ago, I was talking about the Eiffel Tower straight up, straight down this particular pattern looks like an uppercase A. Well, Bitcoin hit 38.71 back in November, December. What was it? November or was it December? It was, in fact, December of 2017. I remember discussing this intensely over the next month and a half on my show saying I had a neighbor who was talking about Bitcoin. He said, I missed the dot com bubble. I missed the real estate bubble. I am not missing out on this on this Bitcoin. I'm deep into Bitcoin. I think I've got to be a little careful. I it looks to me like it's a little toppy here that was at a peak D in the daily anyway, it kind of came down a little bit from 38.71 down to $3.66. I would say that's a bit of a 90 percent or more decline. So now it's at a spectacular run going from the $3.60 low to the most recent die three days ago of 12.58. Let me type that in. 12.58, I think at peak D in the Chapman wave here, the daily testing, the 14 period moving average of 10.38. It's trading right now. What's testing? How could that be? It's at 9.95. And I've got this at 10.38. Where's the price? As as a trader today, today's the third. Where's the fourth? I don't see the price. All right, well, the price will be there. 9.95 sits down here somewhere. It hasn't shown up on the chart peak E possibly this week in the weekly chart. If you don't mind, I'm just going to do this Chapman wave automated, automated projections, GBTC. Yeah, look at this. So 11.49 was the resistance. It went right through it. Even on the weekly, I don't have anything. But as support, I have 10.51 has just taken that out. So, yeah, so the question is Basil thoughts on GBTC. My thoughts are twofold. One is when was it was it Goldman Sachs? Some big kahuna came out with the saying that there was they liked the the whole area. And that was somewhere around April, the first issue. I thought it was April Fool's joke. April this April the third. And it just kept going. And my so my first thought was, wow, I really missed that because for subscribers, I'm saying, I'm afraid of this for for you for you because overnight anything can happen. But certainly gave from three sixty, sixty, twelve, fifty eight. Even a pullback, even a 50 percent pullback says that it's way off the bottom. So my answer is, I think it's I definitely think it's obvious. It's in play before it wasn't in play. Just went sideways for a long time. Now it's in play. But I also think that money from the Magnus stochastic money's going to be coming out of it for a little while. And I would not be surprised if the eight dollars and twenty cents to seven dollars and twenty cents, this 200 period exponential moving average in the 50 period moving average area will be tested at some point. And then I think it's worth looking at it. So on the shorter term, no, I don't see anything just yet. So I think that was the next question was Baba Baba, which is Alibaba and Alibaba right now is trading at one fifty point seventy seven up ninety cents. It has it's got that peak deal, the weekly chart. It has this lowercase h pattern in the monthly chart. And as a Chinese company, Alibaba group, holdings, it's like a Google, it's gone to an E and then it goes peak ABCD. And then it has another look. It has another short term. We just do this real quickly. And then there's another by mode right there by signal to buy mode. It goes peak A, peak B, peak C, and there's your peak D right there. So it makes a peak D on the daily at about one hundred ninety four ish five ish. And then it comes down very sharply. That's a peak D in the weekly. I would say hold off on anything with Alibaba if you're short. That's great because the one forty three 200 period exponential moving average, I think would be a target for me based on the way it's gapped down. And this is kept coming. It's just it looks very weak. 4.9 percent in the stochastic. That's very, very weak. That's the equivalent of that's equivalent of ninety three and a half percent. On the upside, I'd say that's very strong, but we're on the way up. So I'm saying it's very weak on the way down. So that's that. Next thing I just want to say the dow is up to two hundred forty three FH. I'm looking at let me just see what I've got. G F G F is. Oh, I'm not getting that HG. Well, all these contracts are going to get them right now during the break. I will do the cattle and hog. Let me do a live cattle as we go out. Live cattle trading right now up point six seven. I'm going to do wheat, soybeans and corn as soon as we return. That's up two hundred fifty fifty thirty five. 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It needs to get about 105 and 106 resistance and start to trade in the 108s and it needs to do that. It needs speed. So I'm saying by Wednesday or Thursday of next week, if it's if it's trading under 101, that's really poor. But if it's able to rally, it's the 105, 106 level that it needs to get above. And then there's only candle from last week. Even if you get halfway, that takes you to 106 and it's still an ugly, ugly candle. I don't see anything just yet. And live hogs, LH, I look at LH is live live live hogs continuous contract. There's a little bit better in that it's trying at 84.37 is trying to establish some kind of a base. The stochastic is at 15 percent trying to flatten out. Omband's volume is about to turn up. The MACD is still quite weak, but it is making a W formation. It needs to get above 88.50. And it's at 84.3 right now. That's a big move up, concerning that it's had two red candles from the downside from that level that makes it it would be a countertrend move. But then a really important upside rally if it can trade in the 90.70 to 91.30 area, this is live hogs. And it has to do that by Thursday of next week at the latest. And we're talking about Thursday of next week. Is that next week? Is it we've got a week to go by June? Yeah, June the 12th, a week from. Wednesday, Tuesday, a week from tomorrow. I'm doing a webinar. It's going to be called the tide. What am I mean by the tide? And that's what I'm discussing. What do I mean? I'm talking about. I'm talking about how you can identify that in different time frames, what key indices or key patterns can give you a sense of the time. Remember what we've been watching someone in the den, one of our wonderful traders that we have in the den, where he's shorted the S&P over and over for weeks. And it's just been building up an incredible kitty on a one day basis. He's managed to get enough shorts to really build a huge profit margin. And it's just been admirable the way he identified the tide, saying we're going down and I'm not going to go along. I'm going to go short. And that's the way you've got to be you've got to be stubborn about. You got to identify and then stick with the trade. Because if you're short, I've got a beautiful chart. I can't find it right now. Take a little time in my CD, introducing the Chapman Wave methodology CD book available at TFNN, where I show a pattern that's going up. And but I draw the arrow going down. It means that someone, if you keep shorting when you're on the way up, you can do quick trades, but anything else, the tide going up, it's just going to wipe your art, identify the trade. And that's what I'm talking about. How can you identify the tide? One of the reasons why we did go short the Dow right the day before the recovery high on the 22nd, recovery hours of 20, 30, 26,691, is that it seemed to me that I would be getting a tide based on the fading Magdeen stochastic that could have depth to it and strength to it, which is exactly what's happened. Even now, I'm looking at a chance of a rally, so we're only playing the rally on a short chin basis, because I think there's going to be further testing based on the patterns that I'm looking at. If there isn't going to have to just deal with that. But at this particular moment, the tide appears still to be weighted towards going to low tide. We haven't quite finished going to low tide. All right. So enough with that. Question I had here is, how does the chin look? Chin should be quite low. Let me just go to this. I've got a thing I call the Chapman Wave Tringage. It isn't really mine. It is Richard Arms whole procedure. Just use particular numbers and answer any numbers here that give me any clue either way, so nothing there, nothing to see there, folks. And the question I had here was SRPT. Sir, sir, I was going to say serendipity. So Reptotherapeutics has been an incredible stock. We once saw it go down to the single digits down to like point thirty five or something and it got resurrected and the darn thing went all the way to one hundred and almost one hundred and eighty is trading out one hundred and fifty. Just a sideways raise. Now, the question asked about it, Bob, I'm going to say that you could treat this as a rectangle formation. And you know what I say about rectangle formations, they can last a lot longer than your patients. The way to do it is at some point you will be wrong. It'll tell you very clearly you're wrong. But you want to be trading from the bottom, this area, one hundred and seventeen to one hundred and one hundred and thirteen. That's kind of the buy zone. And then you want to either be getting out or getting short in one hundred and twenty two to one hundred and twenty four area with about a three point stock. And so it's been going for months since since the lowest made in in in March at one hundred and thirty point fifty one. And then that big spike up. That's an aberration. I'm calling the the level of one twenty five the resistance. So even here, you could treat it as a trade. It needs to get to one twenty. The two hundred period orange, two hundred period moving average. Once it goes above that, you're going to get yourself ready to start thinking about shorting. You can lighten up. That's the only way to trade it. I don't see this as being the big move to the upside yet. When it does that, it'll so quickly move to the hundred and twenty eight one hundred and thirty two area will probably be one week. It'll just go from a low to to that level. But until it breaks out and goes to one twenty six, it's just stuck in the range and range can last a lot longer than your patients and certainly a lot longer than your money. If you keep thinking it's going to break out and then it goes all the way back down. The thing is going to break down and it starts going up. Just treat it as a little ping pong ball stuck in a tube and the tube is a horizontal tube. That's the only way I would fight. I would even treat it, Bob, because I don't know if you do this. Use options. Look, it's at one hundred and sixteen. You could buy one hundred and twenty. We've got another one for June, another week to go two weeks ago. Two weeks. You could treat it. You could do options. You could do you could do other ways. But I'm saying that's the way it looks. And at this particular point, even if it pulls back to one hundred and fourteen, one hundred and thirteen, it's still within the range that says it should go up. My only qualm here is that the Mac D is now negative. And every other time it held beautifully, the slow moving average and the stochastic is pulled back very sharply. But that allows the stochastic to bounce. So just treat it as something that you that's the range. So if you're looking for the big move, I just don't think it's just yet. OK. That's wheat. That's my only French that I've learned. That's what is five hundred and ten and a quarter and a half. This is wheat continuous contract down almost ten dollars in legs. This seed's gone from four hundred and eighteen to today's high of five twenty nine up in a hundred points. That's twenty twenty five percent, twenty three percent gain. That's fantastic. So it's pulling back here. 501 is the two hundred period exponential moving average, a bunch of moving averages in that area, but it is like, see, I suspect it will make a D. But most of the move might be done at least for now. So it could go maybe to the five thirty one area, maybe five thirty two. I wouldn't be surprised if that's where it stalls. Soybeans continuous contract up seven and three quarters at eighty six and and three quarters. This is in leg C. Very nice action. The MacD's now flattened out at eighty seven percent. That suggests that soybeans could go a little higher. Look at the single leg A in the weekly chart and Khan, as we say here in the the Boston area, Khan is trading at four hundred twenty nine and a half up five and a quarter. It has stalled in this upper range, but the magninium stochastic are good. I think it will go to a leg C above the high of four hundred and thirty eight that was made in the twenty ninth. Holding very nicely here. So for our subscribers, we have the the grain futures, so the grain ETF. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six and three months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN dot com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today. 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Well, originally hand drawing charts from the late 1970s into the 1980s, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price returns, as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology, along with other indicators, Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basel's daily trading newsletter, by visiting the front page of TFNN dot com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basel's newsletter, the opening call today by visiting TFNN dot com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN dot com. Folks, so looking at the e-mail, it's up 17, made that peak e. This is what I call a Chapman Wave rogue wave. Why? Because from that peak D right then the two minute chart, look, the MACD and stochastic were fading. And then you got this aberrational thing. This is what happens in the open very often. It pulls back, it has a spike up, and then it goes into the direction that it really wanted, and then it popped up to 2774 area and bam, it turns around and it's trading now at 2765. That's in the two minutes. The five minutes also made a peak e, same sort of thing. I suspect it's going to be kind of buying pressure, but a chunk of that buying pressure might have been done now. There has to be a whole new bunch of strength that comes in. You're at the mercy here of geopolitical and and other technicals that are very important. Oh, talking about that, how could I not have done this? I wanted to show gold. Gold right now, it's not sure, no, I didn't. Gold has had a spectacular move from the 1280 level to today's high of 1334. And it's holding quite nicely. The MACD hasn't gotten to over 80 percent yet, it's a 79.5. It needs to hold above 83, 84 percent to for gold to maintain this upward move. There's a cup formation that says that there's a chap made inside track resistance level, it just hit the green line right there in the cup formation. If gold by Thursday is able to test 1348, there's a good chance that it's going to go to a new recovery high above the high of the 20th week of the 22nd of February. At 1361, 6.6, it could go above that. That'll be really important. That also helped the monthly chart a lot. The dollar, I think I did that, maybe I did in the update. The dollar is up point four, just four pips right now. It's holding quite nicely, actually, concerning what gold is done. So we still remain long the dollar from April of 2018 at 90. I think that the dollar is the currency. De Jure, I think it's the one that's telling us about our economy so far. That's true. We'll see what happens. Have a wonderful day. That's what happens sitting in for Larry Pasevento and have a wonderful day because Tommy coming up and then think of swim that I come up and do. And then you got Steve, Dave and Tom O'Brien. Have a wonderful day. Hope to see you tomorrow.