 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good, Billy Ray. Feeling good, Lewis. I wanted to bring up this chart here from our good friend Mike over in Poland. I think he lives in Krakow, but I'm not sure. But Mike, it's good to send this chart to us. This is my trade of the day, folks. We were looking to buy the wheat. It rallied 20 cents off the bottom. One slight problem. I put the order in to buy it at $5.92.5 and it got to $5.93.5. So by this $25, we left $1,200 on the table. But they made it up to us, by the way. I had to stop in on the S&P at $45.39 and lost 10 points on that. I was $5.45.40. And then, of course, we lost $500 in the crude oil today. But we made it back, folks. Those of you that follow the teachings that we try to do here at TFNN, we watched something called the 3A2. That is really a good indicator of a trend change. And we had that going on today in the stock market. I'm going to bring it up here so you'll be able to see it. Dow Jones today started as the weakest, and it certainly had a weak move here, but you'll be able to see here. There's what happened. There was your 3A2 after the big break right here. And then, boom, down she went, and it completed the pattern down here, making it back both losses today. So it ended up being a scratch day, and at the end of the day here, we're going to move it. But the crude oil is the one that I wanted to talk to you about, folks, because my specialty is looking at these markets intraday, and sometimes I'm better at it than I think I am, but sometimes I get it absolutely right. This time, we sold the crude oil this morning, and it was a beautiful 61% retracement there at 82.15. It backed off to 81.95, and then immediately stopped us out. We lost our 50 points on that. But let me show you what happened to the crude oil. Just looking at the ABCDs on the day, I want to get this up here. This is why I do those day trading things, because on days like this, you get to pick the pockets of some people. You get all of it, but you get a little piece here, a little piece there. Pretty soon it adds up. But look at this beautiful three-drive pattern that we had right here. There's drive one, drive two, drive three. It's a perfect ABCD stopping exactly at the 1.618 level and is kind enough to stay there for 15 minutes. And then it breaks down, and what does it do? It rallies all the way up to the 3A2 and drops another $400. So that's the advantage of the work that was done by Manuel Mandelbrot and Fractals. That pattern, that ABCD pattern that you're seeing right here, that's why everything works the way that it does. Does it work that way all the time? Heavens know, but I missed one here. Look at this. There was an A leg here. There was a B leg here, a C leg here, right out of 61% retracement. And then boom, there it went. You had double, double reasoning up here to do it. You had a 1.618, two ABCDs. Can't ask for anything more than that. Turned out to be okay. They don't always work, but you know, like I said, you're going to be right about two out of three times and not many golfers, you know, do that well. So who knows? And there's Mike from Niagara Falls. Mike, you live in Poland now, don't you, buddy? Yeah, I do. But see, I like to keep it a mystery. So I don't know where you are, but we're glad to hear from you. Thank you for the week, Charlotte. Very good. So I save a lot of money on long distance. Sure. I'm following that December week trade. Yes. And I'm paper trading it right now. I'm in at 5.99. Okay. That's about, I got in two minutes. I got basically in 20 minutes after 8.30. So around 10 to 9. Okay. I got in. Okay. That's a nice run for you. What's your upside? Well, I don't know. This is just the first day. And if it's right, you can see this was, this had to be short covering because you made new contract lows and then all of a sudden the market reversed. So that causes people to come in to go short covering. What you don't want to do is you don't want it to close at a loss at any time. So make sure you have your stop at the break-even point. Yeah. Don't everybody go back that far. Look at pattern, price and time. So explain how you, how you targeted 5.92 and a half. It's very simple. All I did was I went over the last six days of trading. I measured those six days from the low to the high and I measured it by 1.618. And that number came in at 5.91. So I shaded it by a penny. I should have shaded it by two pennies. And then that's where I got the number for it. But the fact that, you know, what that was happened to be the low of the day, you know, well, so that turned out to be pretty good. That's all I did. And it was a daily chart, too. It was not something that I was looking at interday. I'd done that at 1.30 in the morning when I sent it out and said, you got to take a look at this today. And that turned out that we had corn down and beans down and wheat had a 23 cent rally. So it's just a pattern. That's all it is. So how about this? How about taking your measurements, right? And then making sure you get filled and just add like two or three cents. That way you get filled. You can do that very easily. But when you have people following you, you try to be a little bit more accurate than that. And sometimes you'd like today, I got stopped out of the high-tech in the S&P. I'm watching it. So when I can see that happening right after report, it hits the stops. I went right back in at 37. And so, but anyway, that's all I'm looking at right now. Maybe just somebody in the pits following you. Maybe some market maker in the pits are following you. And they're basically trying to do a basic... No. No. Listen to me, Mike. Listen to me. I watch charts, not all the time, but most of the time. And I can tell you, because I put in a lot of orders. I mean, I'm not, you know, I'm not just saying that I put in orders. I put in orders. And I can tell you these orders that you put in, they are religious. And I don't care. You can get within a quarter cent, one cent. It won't hit you. I had one last night in gold within ten cents of my stop. They didn't fill me. So, you don't have to worry about that. That's the reason I went to Chicago in 1983, 8082 to find out if it was fair. Now it's electronic. They can't screw with that. But to me, you know, when I trade and lose money on the NASDAQ, I feel that there's an invisible hand. Like there's someone there controlling this market. No. First of all, the NASDAQ is like the witch of the wicked wister of the West. That thing is very, very, not insane, but it's like the pork bellies of the financials. And it's just very wild. Okay? So I don't like to trade it very much. Now, when it gets quiet, sir, I'm going to take a look at it. But most of the time, if you trade the S&P or the Russell or the Dow Jones, you're going to be okay. And even the Dow Jones, yesterday after the close mic, the Dow Jones rallied 140 points after the market closed in New York at four o'clock. The futures market was still open and the Dow Jones went up 140 points. Yeah, that's because of the earnings. That's because of a sales force. Well, is that on the Dow? Is that in the Dow? Okay, it's a component of the Dow Jones. Well, see, I wasn't aware of that. So that's probably the reason behind it anyway. So hey, just remember, these markets are very fair. Just the fact that the NASDAQ is a little squirrely. I don't trade that. So, okay, we'll be right back, folks. Thanks, Mike, for calling in. Appreciate it. Thanks, Mike, for calling in. Are you ready to take your trading to the next level? 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 analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned 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 supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand, TFNN Educating Investors. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Call now. Toe free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks, stay with me here. I'll bring you another chart here. Today, I talk about this 3A2 pattern so often that I'd like to bring it to your attention because if you pay attention to it, it'll sometimes give you some pretty good ideas of what you want to be doing now. If we take a look at this chart that I'm going to bring up next, and it is something we haven't seen in quite a while, but it's had a heck of a move here, and this is natural gas as we get ready to take a look at this. This is just a 13-minute chart, folks, over the last few days. But look at the low that we made on the week, just last week, just, excuse me, three days ago. Look at that. Right at the 3A2. Hit it, and stay there. Stay there for a good half an hour and then explode it to go up to new high grounds. That's why, you know, if you're trading these really wild markets like we've got going here right now, it's important that you pay attention to that because it'll give you some really good ideas of what you're looking at as you're going through watching some of these markets unfold, the way that they do. They don't always do what you want them to do, but when they do, they're very, very exciting. Today's a little frustrating when the people that I listen to me, I miss one order and get two others, but that's the name of the game, folks. Some day it's chicken salad, some day it isn't, but here's the main chart. Do you want to pay close attention to, folks? This is a 60-minute chart here on the S&PX, which is the cash S&P, not the futures. And you're going to see a little question mark on this thing right here and you'll be able to get up here and take a look at it in just a second here. This comes from our good friend, Mr. AS, over in the UK. You'll notice here that we make this beautiful ABCD pattern up into this area right here, right where the question mark was. And of course, we've had to sell off, not a lot. You know, we came down from what? We came down to 45-15, 25 handles. That's nothing in the S&P. Boys and girls, let's talk just one tiny little bit about something personal. If you know anybody that is going to go to London, if you're here in the United States and you're going to be going to London or any place in England, sometime in the next 30 days, please call me. I have to deliver a book and I don't want to send it by mail or by luggage and I will be happy to pay for you but the guy will pick it up wherever you are in the UK but that's the way I'd like to do it. So my phone number is 877 that's the CFNN number 520-241-5793. It's 520-241-5793. If you are going to the UK, preferably London, within the next 30 days or so, please let me know. I'll send you it and you can get deliver it and I'll make it worth your while. I don't want to use the post office because I don't trust them and the second thing is is they want to charge me to send a little book $78. Can you believe that? $78 for a book that weighs 9 ounces. I tell you it just really scares me when I hear stuff like that going on really watching here as we see some of these things unfold. Now we're having a pretty good rally going here we're rallying about 11 points here in the S&P so far off of that bottom but today's a really important day cycle wise folks. This double full moon, the blue moon that we have is very important. It's called the super full moon for a reason we got the moon as close to the earth as it can be, that's perigee so we want to watch that also so it's usually a big thing so you can look into your charts and usually within a day or two you're going to hit those pretty close to right on the money. The interesting one today was the tremendous move that we had in the crew at All Complex folks we started the day at 79.10 we went all the way up to 83. I believe the high was 83.70 or something like that let me believe that one, no not quite it was 83.40 it was a high so it rallied $4,000 overnight and now we're back to 83 believe it or not this is just amazing we had that 3.8 2.8, let's just draw this up since we're looking at kicks and giggles here boy this is really wild action you got to love this we're right at the old 78.6 right now here in the crew also let's get this drawn in for the folks to see it and if I were a betting man, which I'm not I'd be looking to see if we can get this little puppy up to show the folks what it looks like and you'll see that's I'm just looking at a 4 minute chart and please hit the button and it did there it is right there there was your 3.8.2 this was a $500 move down and here's where we are right now I just sold it right there just a little tiny bit above below that low and I put my stop right above the high I'm risking 30 pips that's all I'm risking so that's what I'm watching my back things start coming down and I have my stop right here once I get a 30 point cushion if I get one then what I'll do is I'll put my stop and break even and let her rip to see what it's going to there's two negatives about this one I'm way above the opening price late in the day but the good part is is my risk is controlled I'm really right at a really really close level here for putting the trade on if I were to do that which I did I know I know I have to risk just $300 and I made a nice piece of change on this one here so I've got a couple of bucks to spare on this so that's what I'm doing is I'm looking at could these patterns happen all day long on all kinds of different things okay so what we're trying to do now is just to find the ones that are relatively easy to work this is an easy one because I have a controlled risk that's what the whole thing is about now if this were going straight up and I didn't have anything else so then there's some trouble involved and it might not work and believe me I have a lot of them that don't work so but what I do is I just keep looking and keep digging because eventually you know you're going to find that what they call the little blind squirrel finds an acorn every once in a while that's how he feeds himself so that's what I'm doing is I'm watching this particular trade unfold here so right now I'm under water by about 10 points and I got my stop at 20 points above that high so if you get me I will say goodbye because I had a nice run on the downside didn't get all of it but I got a nice piece of it so I'm willing to give back some of it if I happen to be if I lose on this trade so those are the ones that I'm paying very very very close attention to and I just are really close to getting stopped out but not yet I'm still about 10 pips away and we'll see if that's going to work or not folks when I talk about the risk when I'm looking at all these patterns the ones that don't work you just get out of dodge that's why this morning when I made the early morning video we were just shorted the crude oil it worked really good for about $200 and then the market reversed when I set the video out we were out $150 or 15 pips and so by the time they got the letter we were already stopped out it went up 50 pips above our our sell price and so we stood I just just took a hickey here for $300 so I said thank you very much that pattern is now failed in my opinion because it's gone above the 78% level so that's what I was risking right there I the perfect example of what I'm looking at when I'm trading because if I hit it right it's going to be worth a lot of money and if I'm wrong not someone asked me what it is why did you pick 30 pips well I made three times that on the way down okay so all I'm going to do now is I'm going to find out what I'm able to recoup some of it but I wasn't able to so I'm willing to give some of that back and that's the only reason I picked it and 30 pips beyond the 786 doesn't work stay tuned for Michael Moore folks he's going to talk to us about the crude oil complex and gasoline, heating oil and natural gas so we'll be right back folks with Mike Moore of More Analytics The 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 his 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 He's 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 24-7 newsletter at TFNN.com When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader Larry will also provide daily charts, videos, and data on the key markets that he's tracking Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice, sure, but you also need excellent instruction from experts. At TFNN you'll get advice and guidance from the authority in technical market analysis and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 am to 4.00 pm 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 8 different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN Educating Investors 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 Okay, we're back folks with Mike Moore more analytics. Michael tell us what's going on with Crudall. We had 83 bucks and we're back there again right now. Where is it going, buddy? How are you, Larry? I am good. Let me pull it up here for you. Okay, so we have some unique things going on in the market right now and the cracks in the spreads are really blown apart. Let me pull up the Crudall here for you. So I said, I don't know if everybody can see this or not, but the trade above 79.97 won's a decent strength we'd seen $2.38 of that and then another piece of that this morning if you may recall just as a sort of a backup we held exhaustion here failed below a bearish formation here another one for over here and then we took out this bullish formation here and now we've also taken out this upper formation this morning rallied pulled right back down to it in our rallying again. However interestingly I'm just going to jump around a little bit here for a minute. Sure the heating oil had started a bearish correction up here and then failed below a bearish formation and then another bearish formation so in general this is bearish while Crud is bullish that rarely happens but when it does cracks can move enormously so if you take a look at the heat crack here the heat crack for those of you don't know is the spread between the heating oil and the Crudall and they call it a crack spread because when Crudall comes into a refinery it goes through a machine called a cracker and cracks out of it the heating oil or the gasoline but if you can see in here in the heating oil we got bearish right below this line up here the other day more bearish here more bearish here and just in a matter of three days it's about almost $12,000 per contract meaning that if you were long the Crud instead of the heat you would have made 12 grand more to the upside or if you were short the heat and not the Crud and let me just jump around that's a huge amount the Arbab also had failed below a bearish formation then another one came back up through it so it's currently sort of bullish although it's chopping around right here but that's also why this Arbab the heat spread since the heat has been so strong we had seen this shown this on previous shows this big move down here and I said we are approaching the last part of this structure and I think that may now be complete but even that financial difference is just a difference of 6 grand under 24 hours wow is that an unusual amount you guys were watching this what's that? isn't that an unusual amount? yes that's why you should always pay attention to what's going on in these spreads because there is enormous profit potential in these spreads that you can make and even if you're looking at the Crud all you might as well be looking at this anyway this is a gigantic difference in your equity curve just this move down here in the Arbab to heat that's a matter of 13, 14 grand in just under 2 weeks wow one thing I wanted to bring up though we were talking about this in the last show is the Brent if you recall in the Brent we pulled up here I said the trade above $8233 projects us upward $13.90 and we've only seen $5.77 of that so far so that was a break above a longer term line over here we rallied up we got the $5.70 rolled back over but since we've taken out this bullish formation this suggests a good likelihood of seeing more of that $13.90 i.e. it should also pull up the WTI with it I go through that too fast no no no repeat that though please I'd like to just for my own personal I'd like to hear that in the Brent here I don't know if you can read this but I said the trade above $8233 projects this upward $13.90 and we had attained $5.77 of that for holding exhaustion here failing a bearish formation failing another bearish formation but now we take it out of bullish formation which suggests that now we might see more of that $13.90 that makes sense to the upside especially if we take out these highs that makes sense that makes sense yes it sure does did you want to take a look at the natural gas I sure do that's been really wild today my goodness I happened to be watching it boy it was a wild one for sure before I do that one other thing this is the DCD spread right here and the DCD spread is the spread of the entire curve and the crude oil and we have broken up back above a significant bearish formation here and that's why we're seeing all the strength come in and if we take out this upper line up in here which comes around $609 to $611 we take that out decently then it's kind of a warrant of like another $240 ticks to the upside which would also be quite bullish for the outrides in other words this spread is often an indicator of what you're going to see in the outrides as sort of a leading indicator not always but alright natural gas really been chopping around here we have made this full structure to the downside we got bullish on the break above here and here and we've made a bullish correction we held the original exhaustion right in here rolled over and we rallied up to try to test for new highs again rolled over a little bit also so it's kind of hard to say right here what this is just a bullish correction against this and then we're going to start a new bearish structure or whether this is actually in the midst of a new bull structure to the upside I'm kind of tending towards the latter but we'll have to see did you want to take a look at the metals or the S&Ps let's do that let's do gold and silver and then we'll take a look at the indices okay so gold I've warned today should have a range expansion meaning today's range should be greater than yesterday's range let me pull this up here for a second bear with me well I just deleted it give me a second okay here's the gold just recently I'd said that we held exhaustion down below at 1915 and 191090 if you remember we were talking about this in a couple of shows ago we held it once here a second time here and a third time this was a macro exhaustion level and we'll really see a macro move out of it and then I said the trade above 191910 minus 2 ticks per hour warned of renewed strength we'd seen $58 of that and then I said decent trade above 17190 we'll project this upward $74 so this is a really key line this one up above this is a formation that comes down all the way from the highs so it would be best if this rolls over a little bit more and then breaks up through it because that would give it even more credibility and these were the other you know so we held this exhaustion broke about this bullish formation this bullish formation and we're rallying up Mike, when we come back from the break would you pull up one of those spreads as a chart so I could see it as a chart the one that you like first yeah just pick one or two of them so that I can see what the chart looks like a line chart or a bar chart whatever you have sure thing you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN dot com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN dot com educating investors are you ready to take your trading to the next level? 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 real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned 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 dot com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to visit TFNN dot 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 an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ we're back folks talking with Mike Moore of more analytics Mark I know Mike I know you have your website up and it's you want to go to more analytics it's M-O-O-R analytics dot com if you could put up a chart mark mark of a just what a spread chart looks like I used to do July bean spreads diesel July oil I don't do spreads anymore so could you show me what that spread looks like so that I can do my analysis as a spread trader just to see what it looks like just pick one and blow it up so we could take a look at it sure this is can you see my screen yeah you've got about too many things there just pick one so that I can see it clearly because I'm a this would be an example of the heat crack this is the spread between the heating oil and the crude okay now what over what period of time is this this is a daily chart so each one of these bars represents one day of price movement wow that's a big move whatever that was that must have been the movement in crude oil right yeah like I said you know this just on a financial perspective I mean just in five days here that's a matter of almost 13 grand per lot wow yeah can you can you blow it up even more because you can there's a lot of space on there that I can't make any heads or tails out can you can you get I hate to say this can you get rid of the moving averages sure that's what I want to see that's what I want to see right there yeah yeah that's good okay yeah I can I can make a case for that I can see the ABCD that's fine okay very good yeah did you want to go back to yet dude no which bread was that that was gasoline to crude or what that was the that was the heating oil crack so that was the heating heating heating heating oil to crude yeah okay now is that a one-to-one ratio yes but they have multiple ratios I mean you can do them they have there's different ratio spreads but this is the most common one is the straight ratio all right now that being said I wouldn't say that that is a straight what's the best way of putting I don't I don't think that that's a you know volatility to volatility hedge because the the heating oil for example if I look at heat my average volatility I'm right in there right now is 849 ticks okay so 849 849 times 0.42 gotta give you that amount and crude dollars so it's basically moving heating oil is basically moving $3 and 56 crude points a day whereas the crude oil itself is really only moving 154 ticks okay all right I see that yes they're both related but he's moving much harder than the crude is mm-hmm did uh so we talked about the gold let's talk about gold next if we could please okay yeah so gold's been creeping up here I think this is a bullish structure and not just a correction from the move down from the highs we talked about this on the show last time I believe we completed this full bull structure this is a full bearish correction against it and the fact that we took out 1939-20 suggests to me that there's a good likelihood that this we could be seeing a macro-polish maybe out of here perhaps even to the tune of this this kind of size so we're a little early to tell but and did you want to take a look at the SMB oh absolutely that's always a fun one yes okay so on an overall basis I caution that we held exhaustion up here at 46 35 and a quarter we held that with the 46 50 high and rolled over 284.5 points and that is a hold then I said the trade above 44 13 now warrants renewed strength we'd seen 125 25 of that and a little bit more today and then the trade above 44 66 75 projects this upward 98 minimum we'd seen 72.5 oh that this morning and then just a little bit more also and that was the break above we had originally held exhaustion down here then broke above this formation heads that with the break down below here and then we got back above this line we got bullish here bullish here and it's still trucking to the upside if we take out this line on the upside right here which comes in around 45 52 and a half that's going to want to run probably for the highs for these highs which would be 46 34 50 and if we fail back down through this line let me just give you some numbers here that line comes in at 44 55 26 we failed below that decently 44 55 26 that's minus 23 per hour if we fail below that decently then that's going to warrant a decent pressure probably knock the market right back down to test these lows did you want to see Bitcoin yes sir we had a question about that so I'm glad you brought it up let's do Bitcoin so Bitcoin just as a little recap I'd said failure below 31 655 would warrant pressure we saw 6,070 of that and I said I warned that this was a bearish correction the minimum target would be 25 710 if you recall in past shows when we were trading up in here I said that the 25 710 this target right here is what we were looking for when we talked to past shows and we got right down there and we also held this macro exhaustion level we held it once year a second time here a third time here multiple times before popping up but we could not quite get a decent penetration above this line now we've rolled over if we get a decent penetration back above that line then that's going to open up the upside to higher trade again and that line is going to come in at well it's been incredibly volatile these last couple of days hasn't it incredible volatility in Bitcoin in the last couple of days yeah absolutely that's why sometimes just so you know if the viewers may be interested when I do an analysis like this you know people might be wondering like wow why does he have suggestions around all these far away numbers that are nowhere near settlement and that's because 70% of your days are going to stay within 180 but on those other 30% of the days when the market moves really hard you don't want to be sitting there with no numbers from your analysts to trade off I see so there's a lot of extra work that's done every day that is not necessarily used but needs to be there in order to keep you on top of the market even in hard moves Mike I'd like to work a little closer with you in the next couple starting next week maybe one or two days maybe take a few minutes to show me one of these charts like I'd like to say I'm Barry Sean Crude, I'm bullish on Crude or Heating Oil and then you show me the spread that might be even better would you do that sure because when you tell me these numbers these are monster numbers you get a $6,000 move in Crude and you get $18,000 move in something else and that interests me I know people have made a fortune trading spreads I never have done it but I do know how to read a chart so I think if I can practice a little bit I think I can get pretty good at it tell the folks how you can reach us again and we're going to have you on again next week how about Thursday next week do you want to be able to do that sure that sounds great and by the way just I don't necessarily go over at every show but in my analysis down below I have each of these spreads with significant calls and each of them that people can take advantage of so it's a lot more than just the outright that's what I'd like to see this is great so tell the folks how to reach it Mike oh yeah more analytics M is in Mary O O R analytics there's no E at the end of more it's just more analytics.com alright buddy we'll see you next Thursday okay that will be the 7th of September thank you sir thank you Mike if you're looking for potential trading setups in the stock market then Rocket Equities and Options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for Rocket Equities and Options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN Educating Investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right? like any endeavor in life before you 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community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com that's TFNN.com then hit watch Tiger TV okay folks we're going to Mike are you still there by any chance I thought he was hang up but we'll have Mike on next Thursday having a pretty volatile day across the board here down down quite a bit Nasdaq is still up S&P still up Russell's down so having some good move everywhere gold sold off a little bit so we're going to find out next support and the gold should be coming in here over the weekend I would be would be my wildest gas but we'll have to have to wait and see what happens folks tomorrow we will have Joe Denapoli of Denapoli levels he's been working on Fibonacci stuff just about as long as I have we're going back to 1970 when John Hilt showed me gave me my first proportional divider and I went and I showed Joe what it was and we went over to the UCLA bookstore and he bought everyone that was in stock and he started teaching and my golly's done a great job with it so he's got some different ramifications of what we do but it's basically gets down to numbers and cycles and Fibonacci and patterns and that's what we're trying to do here is to find the ones that work the best so Joe will be our guest I know he's politically motivated but he is not going to be talking about any politics are you going to hear this quick little click on the buzzing sound as he moves into the sunset because we don't want to have anything to do with the political stuff I know I said this thing about the guy in Spain they got blackballed by the lady that he happened to give the kiss to but you know that that's really a sad situation yes Johnny I'll shut up anyway Joe Denapoli will be our guest tomorrow and that we have some real exciting things because we've had a tremendous week and with this big cycle day that we have coming in here today with this double full moon also known as the blue moon and we'll see what's going to happen we also have a super moon because it's perigee the moon is as close to the earth and remember Pythagoras knew this in 663 BC he knew apigee and perigee of the moon and the earth and the distance between the earth and the moon let's take a break till tomorrow and we'll see you on the flip side and may god bless