 Let's get over to our man, Mr. Tim Ord, as we do each and every Tuesday and Thursday. Remember, you can get hold of Tim every trading day at www.Ord-Oracle.com. That's www.Ord-Oracle.com. Tim Ord, what's going on, brother? Well, did you get my charts? I have your charts. I have it up. Yes, I do. There are some really interesting things going on here. Actually, the tools are starting to come out, at least on my side. As far as the gold market, not so much the S&P market, but the gold market. That's a pretty good sign that you're getting close to the turning point here. But anyhow, we'll get right to it. The bottom window is the 50-day average of the GDX up down volume percent. And this chart goes back to 2013. And every time that indicator got below minus 20, the market flipped sideways. If you look at the top window, which is GDX, I marked the times actually circled in red when that indicator got below minus 20 or lower. Okay. And the market flipped sideways for several weeks, even at 2016, I think, flipped sideways for several months. And I think we had this on before, several months ago, or we talked about it. I think a lot of times when this indicator hits minus 20, the market flipped sideways. And around June 15th, it hit below minus 20. And more or less, basically since May, we've been pretty much going sideways here. So, and every time this mark went sideways, if you notice the indicator kept going up. Okay. So that's a positive verdict. We're pretty much right now, we're pretty much matching the late June, early July lows. Right. And so what I'm trying to say is, even though we're pretty much unchanged over the last month, this indicator keeps going up. Right. We actually did today, I'm sorry, Tim, what we actually did today is pretty cool actually. We spiked the low of loss of June by 10 cents. It's going to have light of volume and it rejected lower price. It rejected the 28.76, we went to 28.67 and now we're 29.15. The volume right now is only 10 million versus 17.5 million. So this is intriguing, right? Yeah. Yeah. It's pretty, especially like I said early when we first came on, you know, the controls are out, you know, and whatever. And so I'm thinking, this is probably, you know, if the flow is really kind of mountain criticized, you know, they're using pretty good at picking, turning points in the market. I like it. Yeah. So anyway, but go back and actually look at the, this is a pretty good comparison. If we go back and look at the June or the 2016 low when it hit below minus 20, actually got lower than that. And as the market moves sideways over the next six months, that indicator went basically straight up. Same thing that's happening with basically all those dishes I have circled in red did the same thing. What I found out, the rally really starts is when they both, or when the, this indicator, the bottom indicator up, down, bottom closes above zero. Okay. And that's, if it once closed above zero and stays above zero, that's when the rally really starts. And that's, and all of that blue to shaded area is when that indicator is above zero. So I don't know what, I don't have that number right now, what that number is, but when I put this on earlier today, it was minus 250, which is almost to zero. I see. And we're basically testing, you know, the previous lows of June and early July. So, you know, we could be looking at the low right here right now, or off a dime close to, it's not weeks away, it could be a, you know, if the market rallies any at all from this point, most likely that indicator will close above zero, suggesting a rally will start. Yeah. They never make it easy in the gold market. There's no doubt about that, man. Yeah. Yeah. It's looked, it's looked at chart two. Okay. Yeah. This is a, a lot shorter timeframe. And what I actually want to point out, you know, there's, there's programs out there that they call, I forgot what they, anyhow, that what happened in the past happens in the future. And if you can identify padding recognition, recognition is what I'm trying to point out here. And I have a circled area back in late 2021. Yes. And I, I had a low area labeled number one in a high area, number two, and three. And if you look at that pattern, we're similar here, you know, we had a double top at two. We pulled back, but kept above the previous lows of one. Yes. What we're doing right now. And we're having a bullish divergence, you know, as this indicators, those two bottom indicators, both making higher highs as the SPs are making lower highs, these two indicators measure the up-down volume and bass climb. So it's kind of an internal strength indicators that tell you what's really going on with GDX itself. So I'm thinking we're looking pretty close to a low in this vicinity. And if circled, the one in early 2000 or late 2021 works out to be similar to what we're doing right now. Right. And the next rally should take us above number two. I see that. Yeah. So I'm thinking this is pretty close. You know, they look really similar and that's all that needs to happen. They don't have to, they have to rhyme. They don't have to match perfectly. Right. I'm thinking these two patterns are rhyming right here. Yeah. So pretty cool. Time will tell. But you know, this thing to pick, to pick in gear, I think, you know, matter of days, you know, maybe faster, maybe quicker, I don't know. Nice. So I wouldn't point that out. Okay. So then want to go to number three? Yeah. We can do number three real quick. We've got time. No, we get time. I'm going to keep you on another sector anyway. So that's, I want to talk about the model, the S&Ps. This is going to be the S&Ps we're talking about now, right? Yeah. Yeah. The S&Ps. The last Friday I got it marked 1.79 on that trend and a 440 down to green. When that happens, that's what I call a bullish combination. When that happens, market makes a bottom that day to as late as two days later. Well, if you notice that volume on last Friday had high volume. Yes. And he had a big spike in volume. And a couple of days before that, he had another big spike in volume that a couple of days or it'd be what, it'd be Friday, it'd be Wednesday. Last Wednesday kind of failed because you're broken new low on basically increased volume. But the volume really jumped up about 30% suggest another exhaustion move. But the day of last Friday had panicked in the ticks and trend. And panic always happened at bottoms. So I was looking to get bullish on a test of Friday's low on lighter volume. I did this earlier in the day today and volume is going to be much lighter. If we rally too much today, you know, I may pass on that trade because the upside is basically Friday's high because that had high volume and it's also last Wednesday had high volume is also a gap up there. Right. Those two high volume days, you won't set the previous high on a lighter volume. You can't get through it. Just stay right there for a second Tim. We're going to take a quick break. Right. Yeah folks, Tim and I are going to be coming back as we're going to be talking about the S&P right now and kind of like where the gap is and the way down and what Tim's thinking about that. We have the Dow industrials right now down 172, Nasdaq's off 127, S&P's are off 23. We'll come right back. Welcome back folks. The Dow industrials down 140, 90, the Nasdaq off 116, S&P's are off 20. We're talking with our man, Mr. Tim, or we are talking about the S&P at this particular point and don't forget folks, you can meet, you can reach Tim every trading day at odd-oracle.com. Yeah, so Tim, so I'm looking at this chart that you're looking at here. So let me ask you this is that when we look at the high, so we have the high volume high and this particular case, you're figuring that the gap is going to be, now the gap is going to be resistance, right? Is that correct? Yeah, the gap is going to be resisted at one point, that bearish engulfing pattern now was July 27th, that bearish engulfing pattern and it had a big, not a big jump in volume, but it was a good one though. Yeah, right. I thought we'd go back up and test that high and I don't think we're going to get through the gap. If you look at those volume, those two days where that gap is, the last Friday we had high volume and that Wednesday where the gap occurred last Wednesday, also had high volume, that's quite a bit of resistance there. Two days, not just one day, but two days, so in my opinion, if you go up and get in that gap, it's going to be on a lighter volume, that gap's going to be resistance. Right, as Tim was talking about folks is that when we first had the gap, the gap did 93 million, then the second high volume day had 100 million and yeah, let's say, of course today we only got 57 million, we'll see how this shakes out. Right. Yeah, pretty cool how this is setting up actually. Right, so we tested last Friday's low, which we said it had 100 million and so if you look at today's volume, we're now going to come close to that and that's the reason why the market's rallying here, it couldn't get through Friday's low. So if it can't take out the previous low with volume, it'll try to take out the previous high with volume, while the previous high is pretty much where that gap is. Right. So you can take Friday's high, which is pretty close to it. Right. So if we go up there and test that area on a lighter volume, that's going to be resistance. Right. So it's kind of garbage, you know, if we keep rallying here on the clothes on my pass on this trade, only because there may not be enough room, you know, if you're only getting a percent out of this thing. No, I can see that. Yeah. Now I know what you're saying, right? Yeah, you know, then why take the risk, you know, and here's another thing. From yesterday we created a gap, you know, we gapped up yesterday, but yesterday was Monday. We gapped up, left an open gap, and we're filling that gap right now. Yes, we are. And we're filling that gap on higher volume. As you're speaking, I have the spy up, Tim, that's what I'm doing, okay? Right. So I just changed shot just for a second, because the fill of that gap on the side of the spy would be 450.73, you know, below it right now, but that's what we're trying to do. There's no doubt about that, man. Yeah. Right. So we're filling that gap on higher volume, okay? So now you got a little bit of a, you know, because if you test it, if you test the gap on lighter volume resistance, if you test the gap on higher volume, which most likely today's volume will be at least equal, if not higher than the gap we created on Monday. So that means we could test it again. So it could be a little bit mushy in here, it's what I'm thinking. Right. You get what I'm saying? Oh, yeah. Right. You know what's intriguing, if I can just switch gears on you just for a second. If you go over to the cues, you know, the spy and the cues are set up differently. And if you go to the cues, which is so interesting, is that what's stopping them, like a heartbeat, is the day going all the way back to, let me see what day this is, and to the 16th of June. You know, we had 80 million shares there. The cues, that price point was $367.46, you know, yes, and today we made it down to $368, but you can see, you're talking $40 million, going against $80 million. It's like, okay, man, you know, it's... All right, that's the, I'm kind of, I just got over there. You see what I mean? Yeah, it's a little bit, we're also running into the highs of June here, too, which is sport area. Yes. Oh, yes, exactly. Exactly. Yeah, and so we broke a new low, below the previous ladder of volume. Yeah, there's a gap up, yeah, there's a high volume gap there, too, over the last Wednesday. There is. Which is around $380 or so, that's probably, could stop it if we ran into that gap on the ladder of volume. Yeah, I see that. Right. So, it's kind of a much market, and that's what we're going to kind of deal with probably over the next month, or maybe even two months. Okay. I think it's a garbage market. Yeah. So, it's going to be, you know, the trending market, you know, when the VIX stays below 17, you get a good chance of a trending market. And now the VIX is kind of rising, you know, it's close to 17 and stuff. So, it's going to turn into kind of a trading market, and if you stay too long on one side, you know, it's eating up a little bit. But hopefully, we still get down, you know, we talked previously about that 420 area on the S&P, I think that at some point before the summer is over, that may be tested. And that's where the next, I think, major biasing was going to occur. That's 420 on the SPYs. Right. So, between now and then, it could be a little bit rough, I think. So, this is quite a rejection of low price today, for sure, man, and have light of volume. I mean, if the S&P's just rallied, what, 82, so they got 18, you got 38 points, they just rallied off the bottom, you know. Yeah. So, I don't know, if it gets too close to that, you know, upside, you know, it might just pass on less trading. Yeah, I know I can see that. We may come back down a little bit, maybe get some more energy in the trend, you know, and maybe try again, and I don't know. Right. Well, particularly, I mean, because when I look at the SPY, Tim, right, it's still saying to me that we got a small ABC down, like the 442 that, you know, now it's turning into a complex one, because, you know, last Wednesday, Wednesday, no, let's see, Tuesday, you know, last Friday, we took out a B-point, took it out with volume, you know, like it'd be a 442, yesterday it turned into a complex one, now it's a complex one again, you know what I mean, but, so. Yeah. It's going to get interesting here, I don't know. I know you play options, you know, I wonder if you caught that trade this morning. Yes, I did. You did? Yeah. Are you still on? No, no, no, no. I caught the shot side. Okay. And I'm out. You're quick right now. Yeah. Yeah. Yeah. Right. So, but yeah, we're going to have to talk about that one of these days and get a good one. Yeah, we're talking about folks as the one-day options. There's something else, man. But you better make sure, Tim and I have done hundreds of thousands of OEX options, and that's, this was, this was white light and spades out here today, Tim. Yeah, I can imagine. Yeah, OEX, they don't even buy, I don't think they even trade anymore. They don't. They don't. They don't. They don't. And the difference is, if you traded OEX options, folks, you want to look at these, because the difference is there is, the spread is like a penny. You can get out of a hundred contracts on a spread with one penny. Two pennies are the most, which is unbelievable. So, yeah. Yeah, that's a lot of liquidity. That's a lot of equal liquidity. I only trade the spies. I don't trade, you know, they have the spies, they have the queues. I only trade the spies. So I don't know, you know, but I'm sure, well, I'm not sure, because I only trade the spies, but liquidity is great. Tim, you have a great night, a safe night. We look forward to that, speaking to you on Thursday. All right, thank you. Thank you.