 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. Hi, everyone. This is Basil Trappin sitting in. The sound just faded. I hope everything's okay. Let me just check with my engineer. Yes, it can hear me fine. That's good. Okay. So we're looking at this. This is Basil Trappin sitting in for Larry Pezzavento. Larry's voice is still not good. Hopefully it'll be better by tomorrow. Meantime back at the ranch. We're looking at the Dow. Let me just go to this right now. We're looking at the Dow is up 90 points at 31527. It is skyrocket today. Extended this leg being the Trappin wave. Just for those of you new to my work. I look at, I try to identify the low slow bar and account every successively higher bar all the way from A, B, C, D, E, F, G. Those are the peaks, the higher peaks. There's no H ever in the Trappin wave methodology. But what you want to see is an upgrade from a buy signal to a buy mode. We now have a buy mode designation in the Dow not yet on the SMP. And that implies that there should be at least four higher peaks going to a peak D before this is done. It can go higher, but D is the fourth highest peak is where other things can happen. So just keep that in mind. Then the pattern we're looking at here is this deep cup or V-shaped pattern that says from the left side to the right side so far we've done a good match to the candle that was just tumbling down around about the 12th of June. And now we've come back to that in the same number of bars. One, two, three, four, five, six to the downside. One, two, three, four, five to the sixth to the upside. We haven't taken out the high of this bar and that's going to be very important. Most significant at this particular stage is that using the techniques that I have. Remember, you're looking at a chart on the left. This is the dating. This is the weekly. This is the monthly. You're looking at stuff that you'll never see on Larry's charts. He has different methodology. We all hear it here. This is our own particular bias of technical tools. But most importantly, we try to come to the same conclusion. And the conclusion in this particular instance is that using, in my case, the nine-period is still pink. It's not above the 14-period. Moving average is going to work very hard. It has to go even higher. It has to go into the 32,150 area or more to see this nine-period cross positive over the black line to change to green. That'll be a big deal. And also the MAG-D, the moving average convergence divergence, has turned very nicely. That shows you that the histogram, the 0% line has flipped to positive. I like that very much. Look at the nice move. You can get to the upside when that green line especially when the aperture between the distance between the slow moving average to 26-period exponential moving average and the nine-period differential, which is made up of the 12. It's a combination. And it comes to, they call it the nine-period differential that gives you the 0% line below is negative and above is positive. And the stochastic is only at 43%. I would like to see it higher than that. And I suspect that we are looking at a digestive phase that could go into tomorrow so that we actually get a peak B in the Dow because there's a lower high below the 31855 level. You get a peak A. It's only at an A in the S&P, which is now down to 265 at 3898. It was actually at 3945 this morning. So these are big moves we're beginning to see and you can see the magnities turn positive. The nine is still way under the 14 and I'm going to give it room to say that I suspect that we will get that positive cross at some point and that's going to be important. Stochastic at 42%. I love over 80%. Holding above 80% is good. Holding above 90%, every textbook says the stochastic above 80% is overboard. I say, are you kidding? You want it to be in that area. That's where the market, that's where whatever you're following will hold price. And under 20%, they say it's oversold. And I say, no, under 20% is negative. If you're short, you want it to stay under 20%. What could happen when it crossed over 20%? That's when you got that big gap up move three days ago. So those are my analysis of some of the technicals that refine a little bit the standard interpretations. So that's the Q. Now that's the S&P. Now the QQQ, the NDX100 is probably making a peak. It could not take out yesterday's high even with that fabulous opening surge to the upside about 930. 295.65 was a high today. It's now 290.34. And that's the whole area of 287 with the 9 and 14 period moving averages. Look at this. The pink is getting closer and closer to changing to green by crossing positive. That would be a big deal. And what we're looking at here is the MACD is good. So casting actually is better than the others. It's at 48%. So I'm suggesting to you that the NASDAQ100, Invesco QQQ Trust series, actually has the potential to do very well in this environment. And I'm going to include something that I was asked about a little earlier. Could I show the SMHs? Well, the SMHs, the semiconductors, they are lagging. They're doing okay. But they are really lagging. And that tells me in the big picture, you remember, I like to look at semiconductor chips as the oil of the 21st century all the way from the late 1800s. What was the standard oil? What was that 1906 when the antitrust thing came about? So the entire 1900s and beginning of the 20, the 2000s, oil has just been the premature. That's been the most important economic aspect to do with all countries, all industries, et cetera. It's what kept economies going. Yes, there's another side to it. I don't want to talk about the pollution. I'm talking about the actual economic aspect that allows people to drive, to do whatever it is, to heat their houses, et cetera. However, from the 19... You can say the 1950s, 60s, that's when semiconductors became very important. But really from the 1980s, 1990s, our new oil that is integral to everything that we do in the economy of the semiconductor chips. And this is saying there is still a problem. And I'm suspecting that there'll be a phase where everything comes together and all of a sudden the economy starts to improve because the chips are... I can imagine how many fabs are being fabricated, et cetera. When it finally comes up, I wouldn't be surprised in 2023 we actually see a glut of chips. I mean, that's just typical of every industry, whether it's... It doesn't matter what it is. Eventually you get a glut. So we'll see what happens there, but that's not today and that's not this week or next week, just in the future. In the meantime, back at the ranch, I wanted to show you something gold. Gold has just been in this pattern. Look, there's the H... Oh, I didn't show that. So for those of you new to my work, let me just show you this. I look at three basic patterns. These are my core patterns. Straight up, straight down, cup formation, arch formation, combination of one and three or one and two. This is one and three and it's red because in the H pattern, if you're rally to a peak A or a peak B and then you fail, take out the left side low, you can go a lot lower. We saw that a number of times today and on the right side is the Y, the reverse Y pattern because if you go to the left side high, you make your cup formation. If you break above it, that's really important. So basically three patterns and the arch could be an inverted V and the cup could be a V pattern, but it's basically from one point up and then back to the point. Well, we did that. Look, gold went from this low in the continuous contract below 1800, spirals up to the 1880s at a peak E, makes an arch formation, doesn't take out the left side low. Instead, the magnifying support, stochastic fine support, not the unbalanced one because what happens is it bounces and makes a smaller arch. So the lower case H can go to a lower case M. In a time of booming inflation, where you're purchasing powers eroded, there's no better place to protect your harder and money-thinning gold. Vista Gold's flagship asset is the Mount Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. 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DAQO new energy cores a Chinese company engaged, oh my, a gauge in the manufacture of monocrystalline silicone monocyte and polysilicon polycyte primarily for use in solar photovoltaic systems. The company operates a monocyte and polycyte manufacturing facility located in Xinjiang province China. Okay, wow, look at this, it soars from under $40 to 70 where it hit this morning around number 74, 74.10 high, 69.13 low, it's at 70.06 right now, made a beautiful cup formation, I love these cup formations. Let me just show you something else here. Look, if you're looking at the microwave methodology, I go from the left side to the right side, I go to this candle right here, the low candle. So my plum line is the low right there. I don't want to draw a big vertical line just to this particular note there. I'm not a note this particular candle, the low that was made the week of at 32.20 the week of the 18th of March. And now I close it up there. And then I just go right side, click new parallel changes to green. And it says that by, here we are, by the 5th of by the end of July beginning of August, there should be a move that takes you to the high of the 20 week of the 28th of October 2021 of 81.10. It's at 70 right now. Then what I do I use some of my techniques here on the users one because it's also a visual basis purely on a technical basis. I shoot one particular point, but I say, you know, we've already gotten this far. You can't ignore what's happened. So take that particular point, draw it up and it gives you just a beautiful trend line that's hit one, two, three, four, five times. And this is the chapter we've inside which target resistance line green. There it is green. And I'll dash it in right there, dash, dash, dash. Great. And it says we just hit resistance right now as we were speaking today. And I could pull back, but if the MACD is so strong, the stochastic is a little, not a little, it's quite a lot overbought, but the stochastic is flattened the weekly chart at 84%. That is fabulous action. That's what you want to see in the data. It's at 84% and flat. Flat is good. Flat and holding in the 80%, 85%, 90%. That's what you want to see. You don't want to see it pop up and fail. Look what happened when it popped up and failed at that height it was made just after the height was made in October of 2021. The price tumbled from 80 down to the 32 level, more than cut in half. So this is important. And that says to me, keep it in mind, even though it's a Chinese company and I say, Hey, we've got enough problems. Why do you want to go to China for your problems? I'm just saying, Hey, that's the way we're looking at it. It's in leg D already. And it's in a buy mode in the weekly chart. So I'm going to put DQ at 72.81 by, let's just call it 8731, there's 31 days in July. I think they are. Yep. No, there's 30 days in July. Oops, mistake. 30 days in July. Got it. Okay. So I hope that helps you in this key support now in the 63 areas. It says, sorry, 65 to 63. If this is a peak, you remember got an alternate count here. And the reason is that it's holding so strong because the, because it's slipped under the 14 period moving average, but the nine period didn't cross under it. I still have to consider it's in a buy mode. It remains in a buy mode. And that's a plus. And that's a plus. And that's a question. Is it a peak F by having a sharp pullback? If it goes under 62 in this phase without taking out today's hour of 7410 by Friday or Monday, that says it's probably a peak F instead of have a timeout. But if it holds steady and it makes a new recovery high in the next two, three days, I think it's going even higher. It could get the even sooner to the left side. Yes, it's acting well. DQ is a symbol 70.18. Question I had here was, so could I go through these different things? So first of all, heating oil, heating. Don't type it on the chart. That's a plus sign. That's good. Okay. There we go. Heating oil. We're doing commodities now. So let's go to the oil sector. We've got heating oil trading had a peak E in the Chapman wave. It's been two days underneath the 14 period expansion, moving average, peak D in the weekly chart with two doji candles. There's this long legged doji three weeks ago, a side Chapman wave silent doji. What's the Chapman wave silent doji? I had a webinar on it. If you sign up, if you become a subscriber to my opening call, remember, we've got a fantastic deal going on right now. You get it. You get what? It's a 40%. You get a huge discount. You get tiger dollars. But anyway, I have about 10, 11 webinars there. I go through all these different things. I had a webinar based on the silent doji at some point. And that's a doji that doesn't show up. If you do a scan of doji, it's the doji either the day before a high or the day after a high. And that's just a clue or a day after or before a low. And that's just a clue to say, Hey, be real careful. Why? Because within the context of within the context of doji being an indecisive candle candle says, I mean, I'm not going up and I'm going down. I'm just stuck at this particular point. What happens on the following bar? I could be a halfway marker. Look at heating oil. It was a halfway marker right there. They're not exactly halfway, but a continuation pattern. The day of the 3rd of June in the continuous contract of heating oil. Again, it had a tiny little doji on the 8th. Continue moving to the upside and then it reversed in the in the dating and had a silent doji the following session after the high. So I'm putting I'm saying this is now a cell signal. I haven't got I need to wait a day or two to see if it's got a cell mode designation. But I'm starting off saying cell signal in the day. Nothing in the week is slow. Fantastic looking chart in the weekly chart. Magni and sarcastic are very good. Stochastic is at 89%. That is just great. So it's the short term that says heating oil could pull back. This is the summer after all and a leg E in the monthly chart. So we'll see the weekly will change if there's a close below. It's a 3 at 4.05 in the continuous contract. The heating oil weekly will change. Be positive if there's a push over 4.5 to and if there's a close on a weekly basis, the weekly will be positive. Even if into a week, there's a push above that a close above 4.53 in the next two weeks would be very positive. In the meantime, I suspect that the 3.89 area is going to be tested. And if that's taken out, watch 3.6 or close in the next two weeks under 3.6. So it says now the weekly chart has gone through a cell signal with the Dow with the dating chart being in the cell mode. And the reason is this monthly chart is spectacular. But the on balance volume says it's ready for a little bit of a breather. So heating oil seasonally as well would say, OK, it's ready for a bit of a pullback. Natural gas, natural gas made a peak deep in the chap weight inside track repellent zone. See these two lines right here. Look at that nice technique. And there's that one three five pattern. A very nice two match, not exactly because it's a little upside it. But look at that. When that rain failed, the beach and now back to my five area. If you want to take advantage of this sector, now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee, so you have nothing to lose. Every Monday morning, I published a gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the gold report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room, the Tiger's Inn. 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 with the Tiger's Den, available to all tigers and tigers 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 tigers 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. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleaf, ABCs, butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.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.com. Hi folks, what we're looking at here is, remember that peak D in the 10 minute E-mini chart. Now what we've done is a one to one to the downside. That's one of the one of the techniques that I look at in this in this rectangle formation. And you don't know when that's going to occur, but look what happened. You see when the nine went under the 14 right there on this bar, that was at 10.30 and a still peak and it's expanded. And right now what you're looking at is, let me just do this. I'll just show you new parallel. Let's make a new parallel. And normally I'm very conservative when it comes to the extension to the downside. I don't do this right away. I don't say, oh, one to one to the downside. I usually try to find a move down. This is okay. Go to your next moving average or a candle. This is a little doji candle. Go to the top of the candle. If it takes out that low, yep, that extension low, yep. You got to be careful. And then just keep moving it down until you get to the point where it looks like it's trying to find support. Right here on the 10 minute chart says, OK, now look at your one minute chart. I can go to one, two, five minute chart. Doesn't matter. But this is where you would expect that the stochastic is flattening out. Yes, it's at 6 percent under the 15 percent under the 10 percent range in the single digits. This is where if it flattens out, it's not going to do anything. It has to make a V shape recovery like that. Look, V shape recovery. Then you get a bit of a balance. But most importantly, you've got this pattern going from a cup formation to an arches sine wave just up and down and up and down. This is exactly where you would expect some kind of a relief to the upside. But until you get the pink changing back to green above the 40, the nine above the 14, I don't think it's going to be successful. So I always have to wait a little bit for proof of entry point. And so we'll leave it at that. In the meantime, it's really important that the 3870 level, it's a 3876 right now, holds any pullback from here. We had such that Friday extension to the upside, that double of the new time price and then yesterday going even higher in today and then pulling back and then today going even higher. We are at least on the Dow, 150 to 280 points over. Bought so you can see something like that as a give back. So here's NG, which is natural gas. So you remember this pattern when I talk about an overlapping wave? This hasn't quite succeeded in doing it because this is a monthly chart. You see all these notations, this is a chapter of notation. This is a continuous contract of natural gas. Natural gas, all the continuous contracts get smoothed out in price. Therefore, my chapter of notation, because every single letter that you ever see on my charts, my thousands and thousands of charts is hand notated by me. I guess it can be done automatically, but you will. I haven't yet found a program that avert having one slight slight discrepancy in the waveform that becomes a very important nuance to me, become a major nuance in a program. I just haven't found it yet. Maybe I hope later in this year to take some time to try to figure it out. But this is a overlapping wave that says if underneath the previous high, you take out in a shorter timeframe the cup formation, the previous high, and it's only like at a B, you should go to a C and even a D. What it went screaming up to a C in the natural gas continuous contract. But it's already given back above the left side high. This is November of 2018, the high of 7.164. So it's screened up to 9.6 something, wasn't it? 9.708 and here it is at 6.59. So that's the monthly chart says that the give back in the price has been extensive, but that rally to the upside was also quite extraordinary. So it made a rare peak G with a long legged doji took out the low of that doji candle from four weeks ago, three weeks ago, plunger under the 14 period moving average. And this says to me, I have no choice but to put a down arrow and say the weekly in natural gas is in a cell mode. It can change. I'm just saying your designation right now. Then the other thing that we're looking at is that within the context of the daily chart, I drew this in a while back when I was doing my analysis. And we hardly ever trade occasion will trade natural gas, but we usually don't. You and G would go to there was a left side, right side price time match that said the cluster formation with a doji peak D candle with a potential for a chapter with instant restart. I'm only going to that right now says that that D could have an alternate count and we've seen I don't know how many times in the last two years how even in a long term trust, let alone daily charts, this little peak D notation within three bars breaking to a new high turns out to be the restart that takes you to peak A alternate count F slash B alternative count G slash B. There's never an H. And there's your D right in this chapter with instant. So the chapter with repellent zone right there above the green closing above the green would be very good closing below the pink, not good. And yet it is now it's in a down channel. I love channels. I drew channels when I used to do hand chart and paper and pencil and ruler back way back. I mean, in fact, I got the right there. I can see it right there. One of my charts I've kept it just for fun. In fact, it's like maybe three or four feet high because I had to my engineering paper. I had to glue these pieces of paper together when the charts became a little bit more than they were when I went back in history and charted from 1920. So the the 19 I think it was 1923 chart just kind of fitted within a three inch span. Of course, in 1987, I had to tape pieces to to the page to go high and high. Right. So left side, right side, price, time match. It held the 200 period moving out to the doji candle. It's attempting a rally, but the distance between the nine and four and the nine period differential in the MacD and the green nine period green period differential and the 26 period exponential moving areas. And the histogram is just so great. It's going to take a while for natural gas to hold a rally without keep testing the 6.50 area. And at this particular stage, the stochastic flat at eight and the on balance volume is OK. It's at about 70. It's quite good, actually. The relative strength right here in the daily chart is not bad. So this is saying that we what happens in this chart, if it fails to hit the level, what happens often is that the momentum to the downside is still so strong that it tries to rally and then it just nicks the low that was made goes under it. And that's where you start to look for maybe a new buy signal. But at this particular point, that peak D says cell mode in the natural gas in the daily cell mode in the weekly and just a cell signal at this point in the monthly. But this is in the area that's very rare. I mean, this is the part with the Ukraine Russia situation. It says it should be rallying. So I'm not ignoring the fact that this 200 period moving average right there with the doji candle couldn't be the opportunity for a springboard to the upside. But I'm just saying right now, I don't see it. So that's natural gas. I'll just tell you what, I will see that if it goes above seven point two, one, three, the 14 period exponential, moving average and holes there, that MacD is going to improve a lot, but not good enough, but it will improve a lot as the casting should get to the 15 percent in rather than the 18 8 percent area. But the weekly chart says it hasn't. The nine hasn't closed under the 14, so it's still kind of in play. So I suspect this is what we're looking at. And I'm going to draw it out and let's see if I'm right. That that heating all is stuck in a range with a ton. Now it's got limited downside, maybe to the 550 area that the upside could get stuck under eight. And that's the way I'm looking for now over the next two to three beats. Basil Chapman sitting in for the 11 to 12 hour and Harry Pizzermento is usually here for his trade, what you see show, his voice is full under the weather. But I hope it's going to be good. 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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 principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. And the Dow actually is taking a little bit more of a dive. It is down 170 S&P's down 37. We have a caller. We have Mike in Ormond Beach. Mike, how are you? Hey, Basil, I'm doing great. Basil, I'm looking at the S&P e-mini futures forward slash ESU 22 on a daily chart. And looking at the two daily candles yesterdays and where today is now, do you think that we've seen the end of this rally? Number one and number two, what are your areas of support where it would affirm to you that this rally is over and we're heading back down? Okay, very good question. If you don't mind, because I've got the e-mini continuous contract trading at 3864, which is exactly where the ESU is trading. The reason why I've got that is because I've got it in all time frames, daily, weekly, monthly, and I've got it even the 120-minute chart, but I haven't actually notated on this one. It's worth doing it because it just went above the 120-minute chart and it just smashed in one move down the 120-minute chart to the downside. It is sitting on the 50-period moving average underneath the 200-period moving average. Very good question. So there are a couple of things that I want to talk about. One is I have FIB numbers and for two days the e-mini has gone to the 138.2. It went from the doji candle, 138.2 extension to the downside and it ratted up and it went to the 100-percent level. Now going through Fibonacci, I don't believe it's an official thing, 50-100-percent. I happen to love 300-percent, but that's not a Fibonacci number. But in the meantime, it is something that I put into my tabulation. So it went right to that level and reversed for two days now. It touched it and it reversed and that was at 3941 and we actually went to a high today of 3950. Trading right now down at 3864, that's 40 points. But what about 40 points? That is 90 points. So within that context, the most important thing right now, considering the move on Friday, let me just put it this way. In the way I look at takeoff phases from lows, and one of the reasons why we always try our best for subscribe to my opening calls, try to get the turns at the top and the bottom because it gives you a cushion. If you look at the long-legged doji that was formed in the E-mini on the 22nd of June after the low that was made, and this is the E-mini itself in the continuous contract, the low of 3639 on the 17th, that became a bit of a halfway marker. But that extension on Friday, the way it climbed above the 14-period moving average like the second part of the day, besides being an incredible short squeeze and new buying, that to me said at least half of what we saw of that entire candle, which in this case would be maybe 50, let's call it 50 points, still extending yesterday and today says to me that we've become now on the daily basis, we're now getting back to where I normally would have thought it would have been from Friday stalling and then maybe having a bit of a down candle yesterday and an up candle today. That kind of puts it at 3867, it kind of smooths out all the different things that I would normally look for. Now I'm going to give it maybe another 20 points to the downside 3846 from where we are and that takes us to the pink nine-period exponential moving average of 3840. For the nine to cross positive now it's going to take an even greater bit of strength or bout of strength and we have to be finding some kind of a low from this moment on it just almost noon on Tuesday into this time tomorrow, maybe let's call it two o'clock tomorrow afternoon eastern time. Why? Because today's high still hasn't made a peak A, I'm anticipating that there's an inside candle tomorrow to make that peak A and unless we actually took out the lower Friday which was 3761 and I'd probably say on a closing basis but it's so deep down that I'm just going to say it even has to just nick that low of 3781 at any point in the next two three days and I'll have to say you know what maybe this doesn't a lot of people said this could last two weeks maybe three weeks I've been saying it's price and time that I'm looking at and the takeoff has been so strong that I'm anticipating based on the the shorts based on what I've read about the number of people that have come out of the market and are not in the market now at all or have gotten a huge portion of their money out I'm suspecting that we've got more time to the upside that's what I'm suspecting but I have for subscribers as you know I'm always very tight with my stops etc I've loosened them up because we've got in at good points but I'm not prepared we've had some great gains we've taken some money off I'd like to put some money back in understand you right now that I will be very suspect of the rally if we start to close underneath and you do this once again because this is the question that you also want to answer the exact question 3840 is the pink nine period exponential moving average if it goes underneath 3820 at any point in the next week because so that nine period moving average is going to deflect sharply away I don't really want to see that because that's going to take more time so your your question is where where would I consider that it's failing if it closes under 3840 I'd say uh oh I've got a problem here that doesn't mean to say that it's got to fail I'm just saying that's that would say oh it's given back a little too much and it's gone into one third of the gain one third yes it's given back two-thirds of the gain of Friday and that's more than I would have anticipated I'm answering your question yes so yeah like I said I just was wondering what your parameters were that would indicate to you that the rally is done so so let me just do this that's on on the on this s and p on the Dow it would be a close below 31 a close below 31,000 and of course that could happen in an eye blink says to me uh oh you've got your arch formation occurring even smaller than it was from the 30,635 to the 33,272 gain from the May 20th low this is the move that says going to legs c and d if it's going to happen has to really expand and go above the Chapman wave inside track repellent line and really move towards the 32,700 that's kind of what I would like to see but I'm also very strict about parameters and there's a really good question where would I be cautious enough to say and in fact if the even if the prices that we're talking about happen we are still in long and real long from lower down so we've still got room so they could be kind of a sideways we've got to wait for the Fed tomorrow maybe maybe we don't come back strongly today maybe all of a sudden we're looking at we close at the low and then tomorrow it goes even lower and then we have to wait for 230 tomorrow to see whether or not we gain to mouth but those are the parameters I'd be looking at I don't know if I could complete failure but I'd say I'd be really careful hope that answers your question Mike yes thank you very much Basil thank you for calling I'll be right back folks that was the only one Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing and a creative transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder value you might 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bike tomorrow is back a bezel chap is sitting for the hour of Larry Pezzavento's trade what you see excuse me look at the one to one to the downside from the pd top that Eiffel tower pattern it's gone just a bit below it if at any point in the next two and a half hours let's see it's 12 o'clock yeah by 2 30 this afternoon if the e mini is finally trading back into the 38 80 or higher area that's going to be a big deal that's what you already want to see anywhere from here lower not a good sign at all uh so a couple of quick questions we got you we've got uh basal can you do um let's see can you please check rdbx rdbx is rdbx is called uh what is it called it's called red box entertaining i thought i recognized the symbol yeah this is made a peak e in the chapwave deity it's pulling back a peak d in the weekly it's pulling back at 728 it's got the the 200 period moving average which is key support i don't like this pattern i think it's going to go lower my suspicion if it closes under 6.30 in the next week uh it's kind of done for this move it needs very quickly uh the nines just crossed below the 14 but the days young let's see what happens you want if you're long if you're short that's one thing that's seven dollars and 26 and i don't think it'd be short but if you're long you want to see by friday afternoon or monday this coming week at least a trade doesn't have to close a bit of trade in the 10.10 area wow that's a big ask okay that was a question uh about slg uh slg largest um landlord in new york wow this doesn't look good uh slg is uh saint green realty trading at 48 74 um oh they're a lot look look the mag d rounded and it couldn't actually get a move to the upside it's 48.73 no if if you're short i would stay short i would have a stop around about 52 64 but if you're long you want to see 52 64 and you want to see it very quickly but if this takes out the low of um 46 64 made just four days ago wow then this is an arch formation a peak peak abc c1 c2 pullback in the monthly chart this just doesn't look very good question is a dozen is it still in the buy mode yes it isn't a buy mode that won't change just for the moment um if it starts to close under 30 700 i'm going to have to rethink the whole thing but i just think this is this is the kind of pullback i expected uh yesterday we're even friday and today from the high that was made um at noon i thought they'd be around here then a pullback instead of doubled on the deck so i'm hoping larry will be back check out my opening call my daily newsletter and don't forget the title dollar sale that's a fantastic sale going on right now all this have a wonderful rest of the day great program in coming up and don't forget about ski roads statewide and tom o'brien