 of T F N N trade what you see with Larry Pezzavento call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now Larry Pezzavento okay looking good Billy Ray feeling good Lewis week from today Tom O'Brien's going to be doing his timing the trade seminar and I think you're gonna love it have nobody does stocks any better than Tom O'Brien folks I met him at 04 back in New York at the money show and been a friend of his and Tommy ever since and it's certainly worth it my goodness now let's move on to our game our guest today will be Shane's million to be a special show today just at the break here but I wanted to go over a couple of things those of you that belong to the 24-7 service that I have I have to go through because I gave a 10-minute video last night because of the mistakes not mistakes but the yeah they were mistakes that basically worse I just wanted to share the folks what I go through you know when I'm trading and I'm going to share with you how it all started this get this up here and remember folks we had one heck of a good day yesterday not many people can say they made over $5,100 in trading but my goodness this was a this was a day first of all you can see the ABCD pattern that completed down here at the the one 111 area now that was down $9,000 folks we sold that high up here okay and at one time we had a $5,000 profit okay unfortunately what I did was I added to the position right here and right there and of course I went against this right there at that 3 at 2 end up making you know basically only I think we made about $600 is all we ended up with 4100 in the gold but you'll notice here what happened to the crude after the crude exploded to the upside you'll see that it pulled back exactly to the 382 retracement you know folks I've been talking about this so much on the show here that I watch it every day I mean it's just it's just incredible if you study these markets folks and just look for these it'll it'll pay big dividends to you in my opinion of course you know maybe my opinion is wrong but you know that's what I'm looking at well let's just talk a little bit about that now so we're just going to come back here and take a quick look here at the I have to get to the mistakes first hold on okay now here's what we've done now here's here here was the first mistake right here I sold the 382 here and as you can see it had a slight profit in it for just a little bit and then we quickly lost a dollar a barrel that took us down from $5,000 profit to about $600 profit okay and then we were done that was it then of course we made the 382 right here that we just talked about and look at today folks you have a perfect A B C D setting right here exactly to the tick of the low that we made yesterday down here 111 can you can you can't make this stuff up and now this thing is trading it's almost a 119 already folks this little one right here has made well over $3,500 and you've only been in it for two and a half hours and the risk on it look the risk is let's say sixty six hundred dollars I mean giving a break I mean that's a pretty good risk-reward ratio now the reason why I talked about these because so many things were happening give it and here's we're going to get another one here this was the gold market let's get this up here because this was the big winner and believe me when you start the day and you're up so much you get complacent and that's exactly what happened to me we came to this level right here and when we got up above this level right here that would have been above the 1868 level there was a possibility of buying that breakout well it was 1878 now we're 1859 I don't buy breakouts and I tried to explain to folks yeah okay maybe it'll work and it did it worked for ten dollars they went from six 1868 to 1878 and now it's an 1858 you know that that's part of the problem when you press these things when you're right oh my gosh you're a Tommy who guard but when you're wrong oh you got to be careful and get out it's not about how much money you make folks it's about how much money you don't lose but as I went through and looked at these what I would have done differently nothing in the gold market folks we booked forty one hundred dollars in that which was good the Euro trade I missed the absolute bottom in that perfect ABCD what did I do I said well let's get greedy well I didn't say greedy but I said let's sell the 382 in the crude in the in the Euro and by golly what happened was got stopped out of both positions with a net profit of about six hundred dollars after being up almost two grand so I was leaving a lot of money on the table and that you know frustrates the heck out of the old cowboy so I'm saying what in the heck am I doing here my just being just too cautious or am I being too greedy and I looked at these I said which ones did I do right and which ones did I do wrong and so it was about two and a half hours to go in the day I said look this is it for the day we had a good day I'm not going to worry about this stuff the rest of the time so I just want to you know just take it easy and remember folks one of them we have been bearish this market for so long about two and a half years I think pretty close to that yeah this is the this is the negative interest rate market folks this is the treasury bonds now it's a come quite apparent here you see we broke 138 today folks we hit 137 then rally back to 138 again but we did break 137 here this this has a price objective of 129 in the treasury bonds folks so that's it but I want to the most important ones are the ones that are that are coming up next and I probably have to go into the first break to finish them up because I think they are that important I'm gonna start out today with the chart we get from one of our friends from the London seminar Mr. Nasdaq himself all Mr. HS over in Las Vegas, Nevada and we'll get this up here and this is the Nasdaq folks now I want you to pay attention to this because you'll see we had the big ABCD to the downside and we had the big rally now I'm going to show you what happened because we today this morning we went to the 382 retracement we took out yesterday's high by just a little bit and that was the 382 at 129 35 I was 129 45 and it broke 200 handles to the downside this is really important folks because of the things that are happening in all of these indices you know I keep saying that was the silly thing to say anyway I will what I was going to say is a lot of people don't see it you know folks I probably don't either but at least I believe what I see and so that's what I wanted to talk to you about here to show you some of the things but this is what upset me more than anything else if you remember a week ago back in well it's been 10 days and back on the 20th I said we completed we were talking about the low coming in I'll bring that chart up one more time I keep bringing it up just for remembering it because we'll probably see it again someday and something else but this was the cycles that we were looking at we were looking for the market to bottom 17 days lower than the day where we were back in October of 1987 that was March 5th you had 17 days that took you down to the 22nd of 22nd of May which was a Sunday and the market bottomed on that Friday and we had a very strong rally since that time one of the best but that was a big thing and I said these ABCDs I mean this is a huge thing but stay tuned folks the important things are coming up soon a time of booming inflation we are purchasing powers eroded there's no better place to protect your hard-earned money than a gold this the gold flagship asset is the Monk Todd gold project in 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 this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the gold just completed the Mount Todd feasibility study which resulted in a 7 million ounce gold reserve in a 16-year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes Mount Todd as an attractive dearest party ready development stage gold project this the gold trades on the New York Stock Exchange and the symbol VGZ 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.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 and 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.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at tfnn all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors call now toll-free at 1-877-927-6648 internationally at 727-873-7618 okay folks yesterday was very important for a whole bunch of reasons if you remember we talked about those big ABCDs that occurred on the 20th of May and I wanted to put the first chart up which was the chart of the Russell it's the second largest of the the contracts for the stock indices number one is the S&P number two is Russell number three is NASDAQ and number four is the Dow Jones based on the open interest now you'll notice here that yesterday's low was a 382 retracement within two points folks I mean point double I mean we're talking out hundreds decimal points I mean of the exact low that we made on the 12th of May now remember that the Russell bottomed on the 12th the others bottomed on the 20th so it made a 382 retracement and I said from the very beginning after this rally started watch for two things watch for a 382 retracement or watch for an ABCD pattern this is not something that I made up folks this is right out of Gartley's book on pages 220 to 224 he talks about that he said watch for those first ABCD moves after an extended move and that'll give you a pretty good idea of where to enter without risking very much and that's what happened so let's walk through and look at some of the others now I realized that I saw these after the fact the market was still open but I saw it much after the fact I was just you're getting ready to do the show today when I started seeing it and then I started getting emails from people say hey did you see this and you see this and I said yeah well I did but I didn't see it till a little bit too late and then this is what this should have been a day yesterday I should have a day yesterday like Basil had yesterday but I missed it and I'll put this up here now this is the Dow Jones Industrial Average now you'll notice here there's your 382 retracement right here it misses it that's off the load that we had back here on the 20th but look at the perfect ABCD folks that's within 10 Dow points that's 50 bucks and what does it do it rallies $4,000 now you notice that it did not take the highs out that we made back here now that's important and I'll try to explain my opinion of why I think it's important because you know we have other markets that are acting a little bit differently now let's get this one up here this will be the next one which will be the Nasdaq and I want to thank our good friend Henry over in Las Vegas for sharing the Nasdaq information for me we met him back in April in London you'll notice now that the Nasdaq did make a high or high then a week ago Monday you can see the ABCD abs here again absolute perfect you can see point eight four one and point one two that's that equals to one that's it doesn't make the 382 it misses it by quite a bit but it's a perfect ABCD and we make a new high and then roll over yesterday we had Stan Harley on the line and he said there's a thing out there that we have to worry about and that's a thing called high translation and that means that if you take out these lows right back here on May 20th this is high translations it means that the cycle crested very early in the move and not late in the move and boy that folks is what we call in Jamie diamonds terms the hurricanes on the way baby the hurricanes on the way so if that happens get ready because it's going to be rocking and rolling like some of these people have never seen before and that's it now we want to do one other one here that we did the Dow Jones we did the Russell do the Nasdaq and now we're going to do the old stop and pee now the stop and pee was interesting oh I shouldn't call it that that's we'd that's we used to talk it in the on the floor back in those days when when Wyatt Earp was a sheriff of Tombstone you'll notice that the ABCD pattern in the S&P did not hit we did not make it and we tried it again and we didn't make it now we had a pretty good rally and we're getting back down there again that number of folks is at 4050 so my assumption is that if we break below 4050 today on a Friday it's going to get pretty nasty next week would be my my assumption of what we're looking at and part of that is based on two things one the way that bonds are collapsing it basically tells you that the Federal Reserve has got real problems trying to control that bond market and they're not having any any luck with it so that's another reason we've got to be you know very very positive about now we get back into this the second mistake that I didn't make a mistake and I caught myself in this this was the trade that we were doing in the gold everybody that belongs to the 24-7 and listening to the show here I talked about the importance of that ABCD in the gold you see there's were completed I've already showed you the chart that's we were down at 1818 30 1831 we rallied up to 1868 that was the target on that particular trade and so I said as I was doing the video I said you know let's just buy it on a break out above 1868 and then about 30 seconds after that I remembered Mark Douglas setting behind me at this office saying do what you do best and breaking out trades folks is not what I do best I've already proved it in the Euro and the in the crude oil but I didn't want to do it here so I decided no I said we'll just get out of an 1868 it rallied 1878 now it's $20 lower at 1858 so now if I did that I would be in the same position that I was in the crude oil I'd be giving back about two grand of the money that I'd make instead of making $40 100 I'd be making $20 100 so that's that's the stuff that I have to go through every day and and when you go to listen to Tom show next Friday he'll go through those same things because all traders go through that you have to decide you know what your strength is and what's your weakness my strength is ABCD a tiny bit of Fibonacci and stuff and a few patterns that are involved and that's what that's what'll get me to the promised land so I'm not worried about that I wasn't concerned you know hey I had a good day and nothing wrong with the folks for the 24 7 had a heck of a day in the gold market yesterday anyway that's neither here nor there so what we want to remember is it's not how much money you make it's how much money you don't lose and that's a real important one one of the things that we talked about yesterday was the fact that we had one heck of a move in copper let's get this up here so we can take a quick look at it and we'll get this up here you'll see there's where we were in copper you can see we went right up to the 61% retracement folks this was the largest daily move in copper in two and a half years even even bigger than these back in here when we had these big runs on a percentage basis it was up I believe 6% and stopped dead in its tracks within two points of the exact 61% retracement up there at 550 the high was I think 552 and now we're trading a 10 cents lower than that and I happen to be chatting with Mr. Shane's million who'll be our guest pretty soon and he was mentioning to me at that time that look we're getting ready to sell copper here on the clothes and I said that looks like a pretty good idea and I said that to myself not to him he doesn't need any help folks anyway so that's what was happening in the copper market and this is Dr. Copper folks so you know maybe the stock market hits some type of major resistance here we're going to find out soon enough but more than important than that we're going to have the wolf trader himself coming up Shane's million and we'll have him on as our guest here in just a little bit remember next week folks on Friday you got Tom O'Brien for the full day take advantage of that folks you're going to set side by side with him he's a pretty friendly dude plus he knows a lot of stuff and you'll get your money's worth for sure we'll be right back 877-927-6648 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 Tigers in 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 Tigers stand available 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 Tigers then 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 Tigers Dan 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 Tom O'Brien has just announced a live timing the trade webinar Friday June 10th from 9 a.m. until 2 p.m. Eastern time join Tom O'Brien for five hours of live education as he teaches you his trading methodology right from his best selling book the art of timing the trade your ultimate trading mastery system in this live webinar Tom O'Brien will be teaching you his entire trading system including quality volume ABC structures Fibonacci confluence zones cause and effect swing points and more we will be limiting this class to 40 attendees so please do not delay and reserve your seat today for this special live event with Tom O'Brien all attendees will also receive a physical copy of his book the art of timing the trade an $88 value mailed you along with the free month of his daily newsletter market insights a $169 value for all the details and to reserve your seat today visit the front page of tfnn.com tfnn educating investors 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 okay we're back folks and I believe we have Shane's William the wolf trader on the line are you there Shane I'm here Larry how are you I'm good listen I'm gonna tell the folks how we first met it was 2013 you came out here to visit me and we had a nice couple of days you end up spending I think pretty much the whole week as I recall and then we collaborated on the book that you wrote for the astro cycles book that turned out to be with Wiley it turned out to be a really nice book but when I first met you I realized you had some really special qualities folks I've said many times I hear a few things that I have on my bucket list and really there's not many there but one of the main ones was to be able to see you know a section coming in on astro cycles on TF and on probably Tfnn also but CNBC and also with Bloomberg and I said I hope to see that sometime but they have a 10 minute maybe even longer segment you know showing how these cycles line up and I said it'll probably come from somebody like MIT or Harvard or something like that the second thing on my bucket list was to have someone automate the astro cycle stuff that we talk about and look at that we could automate them to see if they actually work well mr. Shane Smollion has been working on that for quite a few years I think and about last year I put him in touch with some folks in Chicago that do a lot of brokerage business and they're very very professional and they really scrutinize everything and we I chatted with the folks there and they said well we'll look it out see what he's got as far as paper trading and stuff and as of May 1st you started I think as started the live trading is that correct that's correct and I remember speaking to my friend Bill back in Chicago and he said if he can do 2% a month he said the kids gonna be a superstar well very disappointing very disappointing folk he didn't make the 2% this past month in May as of the 31st of May he was up 8.2% and what's so funny folks this is the 3rd of June and he's already up 5% so you've done something I don't know what it is but he put my hats off to you and I want to see you go to the big time and he just did a just great job so I'm gonna turn it over to you tell the folks what you're looking at one other caveat here folks I really don't care if you folks out there believe astrology works or not because it's nothing but cycles and number I know that it works have I ever found the Holy Grail nope I has shown find it no but you can beat it if you look at these numbers because they work pretty good now I'm gonna turn it over go right ahead my friend well thank you very much layer appreciate those kind words it's been an it's been an honor to work with you in TFN in in these years that we've known each other and now you know this is just the next step I mean we're just getting started but you know we're we're definitely off to a good start so that's that's all that we could hope for so let's talk about the S&P so I've got a little bit of S&P today so the main focus today is gonna be gold because I'm gonna talk more about gold this weekend but the S&P very quickly here this is a graph here that I show this is my daily graph I just want to point out a couple of things I have a bunch of arrows on the chart here but each of these colors means something different this red arrow back here on 2.7 is the Fed use this has been in a cell since February the 7th you go all the way here you can see the geomagnetic storm on March 31st optimized Bradley's in the cell the eclipse came in here the steelium peak was here yesterday we had a pretty nice long trade we were long the whole day yesterday but the double lunar cycle notice it was in a cell since February the 2nd all the sudden it comes in on a buy for one day catches that and turns back down ultimately what I'm looking at here is most of this astro forecasting cycles most of these cycles are still pointed down for the S&P 500 S&P 500 has been following a pretty nice channel here I use these Fibonacci speed lines but you can see most of these rallies have been retraced relatively quickly we did have that big March rally which coincided with the Jupiter cycle but this particular rally here it's it started out very strong like the March one but it's sputtering now we have the thing I want to point out to everybody is at each stage of the road here we have very different conditions in regard to the the Fed and the tightening so what we saw March 31st was very different than we saw in December and what we see right now is very different than March 31st the Fed start starting quantitative tightening and I'm already picking this up so some people pointed out to me that you know officially it doesn't show up until the 15th of June but I track multiple internals of the Fed I'm already seeing this show up so even if they're not going to start till the 15th on the treasuries I'm already showing that the tightening show show up here on these Fed internals in the Fed use and this is why I do what I do I track all of these Fed operations in relation to the S&P and we come up with something called the Fed juice and this is already collapsing so as far as I'm concerned this is this is very very dangerous for the S&P 500 the S&P 500 is facing a lot of headwinds now and we need to look at everything in the context of what is going on and this is a very different phase right now happening with the quantitative tightening we've seen this before we've seen very light versions of it we've seen some wild attempts of it like in the summer 2010 when Bernanke tried to start selling very short lived and then we saw what Powell did in 2019 but ultimately this is a much tighter tightening phase than we've seen and I think it's going to have a very very strong negative impact on equity so just keep in mind that when we're comparing market rallies and market lows and retracement and all these levels it has to be in the context of what's going on with a larger picture with the central banks so I just wanted to point that out to everybody what I want to talk about today a little bit is gold I started a webinar last Saturday and I'm going to continue at this Saturday but I'm gonna kind of run through what we talked about because everybody has been talking about gold particularly in this crisis period that we saw so gold has had previous ties to currency it's a previous store of value people look to this against inflation past hedges against declines so it's been a very it's kind of been like the old yell I call old Yeller where everybody just kind of goes back to the old reliable old friendly dog which is gold it has industrial components it's conductors reflective infrared radiation jewelry I call it nostalgia it's symbolic of royalty like the king and Leo that's those are the colors of gold it has a lot of entrenched meaning in the psyche in the unconscious our collective unconscious gold is very strong in our psyche so it's not it's definitely not going anywhere but it's like I said it's been a fan favorite because it has physical properties good had a good job of holding value across time like said inflation hedge and people have traditionally viewed this with money now there's good reason for this because gold was money for many centuries and it was tied to the currencies until very recently I mean even Switzerland stayed stayed on this for a while but gold has not been responding in recent years like it should so the question is why is this the case why why isn't gold particularly in this covid inflation this hyperinflation why isn't gold responding so I think there's two major changes since 2008 I think we need to pay attention to so I'm always looking for the changing landscapes just because gold meant something 20 30 50 or 100 years ago doesn't mean it means the same thing now so the first shift that I want to talk about in terms of the value of gold is quantitative easing I think this radically changed what gold means to us in terms of currencies so in the 2008 financial crisis in quantitative easing gold rallied through 2011 it did what it was supposed to do it rallied during the crisis and it went a little bit past the recovery but then Kiwi began to dominate so Kiwi originally looked as if it was a temporary phenomenon but now it's become the new norm so interest rates are no longer the primary tool of the Federal Reserve they come in and they purchase these assets now so gold now isn't it a much smaller part of the monetary equation and we're going to take a little break here folks we'll be back with Shane Smollion the wolf trader calm stay with us 877-927-6648 are you in the market for buying or selling real estate in the Bay Area including the Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only 37 dollars and 50 cents sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk-free today with our 30-day money back guarantee TFNN educating investors are China shares hot or not if you trade China shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China a share bull and bear ETFs China a shares in either direction visit direction investments calm today 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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ okay we're back folks speaking with Shane Smollion the wolf trader dot com you want to continue young man absolutely so we were talking about gold in the financial crisis so gold is a much smaller part of the equation now because QE is dominating basically the fed saying we don't need gold anymore like it's you're just it's no longer part of the equation so the demand for gold drops as a function of currency now there's still demands for gold people still view it as a value a store of value and there's industrial purposes and like I said the country still accumulate reserves of it but it's a change it changed dramatically in 2008 so I'm just trying to outline to these are two major changes the next major change that I see in terms of gold is Bitcoin so Bitcoin in the 2020 covid crisis gold runs up through covid 220 and 220 but then in the peak what happens well there's a seasonal peak in gold when we get into August now I'll talk about this this week we're going to talk about cycles this weekend the Jupiter cycle and the seasonal peak but then gold failed and this was I think this was a pretty big warning sign to people that if it was ever going to rally during this largest inflation of 40 years this was the time that it was supposed to do it and it didn't and so I look at that as a negative divergence so we so we've already seen now how gold responds to a crisis and it was weak so we already had the dress rehearsal Bitcoin rallies rally strongly in with an inverse correlation to gold and Bitcoin is a direct competitor now it's its direct competitor to currency in a store of value concept and so this is a this is a shift so these two major shifts here are what what I think are important now that these are this is an important chart here this is the the covid crisis here so you can see that that gold does rally for a bit into here but notice it starts to fall it falls during this huge inflationary period that we had and notice that Bitcoin starts to rally here so again what happened I think gold did the best that it could it's in gold and in my view gold didn't flake it's already inflated this is the inflated version of gold that you're going to see and I think now what we're going to see as I've talked about this before when we get these big declines we have seen we saw the dress rehearsal for this in covid but we see we're gold and Bitcoin and the S&P can all go down together I think that's what's happening now I think we're starting to see that coming up so many people have a theory when you watch a lot of these shows and I try to watch certain shows to get perspectives of people the gold bucks feel like it's going to catch up this is this is just the next you know gold's going to catch up and the next crisis is going to rally gold well I kind of feel like that's like saying you're in movie theater the movie played the movies over they're cleaning up the popcorn and the drinks around you and you're still sitting there staring at the screen waiting for the movie to start the movies over we already saw how gold was going to do in a crisis and it wasn't that good so my view is maybe gold did the best it could do maybe this is the inflated version of gold and if that's true then this is a warning so I think even a slight deflationary pressure could send gold sharply lower and I think that it could be going from larry could be going from 8 percent inflation to 5 percent that could be enough to send gold much lower so I think we got to be careful here with gold because I think it has changed its meaning so this is an example of a negative divergence this was the fed juice here so just bear with me on this I'm going to explain to you what I'm talking about so this green line here this is the fed trying to push trying to push stimulus into this market here or liquidity after the march peak right here so this peak right here this is the march peak in the s&p and so so I'm gonna draw us with an arrow so right here this is the march peak here and so the fed tries to stimulate after this but what happens the s&p starts diverging against it here and then when the fed turns down the s&p really collapses so I think a similar thing might be happening with gold and so we have to be extra careful here I think gold is particularly vulnerable right now I don't think it's as vulnerable as cryptos cryptos are really in bad shape but I think they could all go down together here and I think it's a very real possibility at least let's just say that I mean we don't know for sure but based on what I'm seeing I think that gold could be into some serious problems here so where is gold going well I like to look at divergences so I have this normalized MACD that I look I like to look for divergences so gold has a divergence going back to 2008 these divergences can go on for years but they the thing about these is they tend to resolve and so I see support on gold around 950 to 1100 somewhere around there I think there's going to be a nice firm support there but I think there's a good chance it goes back there before it makes a rally at this point I think I think bitcoin is going to go down a lot more than that I think they're both going to go down gold is showed less volatility now this is an example of what I'm talking about here on the divergence here this is the US dollar and the US dollar makes makes this divergence so this down here this is my indicator here this is called the normalized price adjusted MACD you can see this is the dollar going back here to 2004 now you can see the dollar is starting to fall into here you can see the dollars falling but this indicator here is making a strong divergence up here and so what happens is when when the dollar starts to rally like this it comes back to where that divergence starts which is right here so what happens with these rallies is they may take five six ten years to resolve but they do resolve back to the original place of the divergence here and so that's an example of the US dollar we've seen similar examples of this before with something like the euro this is going back to the early 2000s on the euro also you can see here that the euro was rallying here this was back in early 2000s and you can see that this was making a negative divergence here okay and then at some point you can see this is where the divergence starts it does come back and retrace back to this point where that divergence starts and so these are long-term perspectives and again they can take years to fulfill but again if you look at gold here this is the chart that I want to point out to everybody I just showed those first two to show you that these divergences do happen and they do fill but you can see here that this divergence on gold goes all the way back to about 2008 here you can see this is where it starts right here now gold has been rallying and rallying and rallying and rallying but notice that divergence is getting lower and lower and lower and lower down here and even when it comes up during the crisis it just comes up and hits that trend line right here so it's the same trend line that it was here and here so ultimately if gold follows the path that these other symbols do I see a low coming in here somewhere around this 1100 this is right into here this is about 1100 and I think that's going to come in around 2024 to 2025 and I have more cycles I have cycles this weekend to back this up I looked at the Jupiter cycle there's a lot of cycle lows coming in on gold around this 2024 to 2025 so again this is not like a crash like bitcoin crash but I do think it's a significant pullback and I think this is this is likely where gold is going based upon this divergence here because these things tend to satisfy their pullbacks so I just wanted to point this out I like I said I did a webinar last weekend and we're going to talk this weekend about the all the cycles but they're all showing a low coming in around that 2024 2025 area and I think that's going to be a significant point to watching gold here so so again I expect weakness in gold here I expect much more severe weakness in the cryptos you know like I said Larry I've been talking to you about this 10,000 level I have the odds now they're they're at about 82 and a half percent somewhere in there that we're going to hit 10,000 or lower on bitcoin based upon my models and and that's much more severe than gold you know this is this is a pullback but it's not like you know bitcoin going under 10,000 I mean that's that's serious so I think they're both linked and I think they're both going to be coming down Shane I have a question speaking you're talking about statistics why don't you ask Jackson what were the odds of the Celtic making nine out of ten three pointers in the fourth quarter to pull the game out could you ask what those odds were yeah no I I'm not going to talk to you I heard it on the news I actually I can't believe they made nine out of ten but that's the way I go I imagine he's a happy camper yeah they're they'll take a break we'll be back with Shane's million folks wolftrader.com 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 stream live on TFNN.com and TFNN's youtube channel with Tiger TV live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world 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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 okay folks we're back with Shane's million change you want to tell the folks two things one how they can get in touch with you and also if they're interested in getting involved in your managed program how do they contact you sure well you can reach me at Shane at WolfTraderFutures.com and the website is www.WolfTraderFutures.com or www.fedgeuse.com you can reach us there if you want to if you want to check out the auto trading what you would do is I'm just going to show the site here you will go to the site and then up here there's a tab called auto trading and then it just gives you more information and then you can check out the live results of the system down there if you want to check that out but there's a contact field here if you fill that out you'll get information about how to set up an account there so it's pretty simple you just go there like I said wolftraderfutures.com on the auto trading and then the live results are that's a tear sheet so like each day the accounts are updated so you can you can see how it's doing oh that's fair enough that's great well listen I want to wish you the heavy heavy on in a couple weeks but thank you for all this great information and you know tell everybody over there in Miami Beach that we sure miss them maybe they'll come on the show you can see how beautiful children you have I know Jackson would have no trouble because he's a he's a real entertainer that's for sure yes he is yes he is he's really a good I watch you send the videos of him shooting baskets and my gosh he's pretty good for you know a kid that's only nine years old that's fabulous yeah we started that actually during COVID my wife was like you know we need to she's like we need to do we need to start getting out of the house so every Sunday we go and do an activity we physically go to a park we either play soccer or basketball we go with all the whole family goes when we play and so he's really picked we started with soccer but he's really into basketball now and so you know we go out there now and he dribbles two basketballs and we're shooting and so we go out every Sunday and we go to a different park and we find the hoops and we shoot hoops all the time so that's his big thing now that's good well anyway make sure you come on again soon probably in another week or so and if you have something special you want to talk you know let us know and we'll get you on here spur of the moment for sure absolutely thank you so much everybody have a great week you bet yeah week's coming up folks live every day in an attitude of gratitude and may god bless try to do something good for your neighbors because they all need help see you on the flip side boys and girls building wealth trading in the stock markets