 The following is a presentation of TFNN Trade what you see With Larry Pezzavento All now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis welcome to the 13th. Is this the 13th already? No, this is the 14th of December shut the front door and raise the rent Ten more days. We have Christmas Eve. God the years gone so fast I posted the chart for the NASDAQ for the Dax and also the footsie I also want to post the one for the NASDAQ here for just a second because I need to talk to you about the market a lot of charts here our Guests today at the half hour will be none other than Jim Bartolioni of Barts charts He'll be talking to us about lithium and a couple other things here So let's take a look at some of these things you'll notice here in the NASDAQ It follows through with what we're seeing in the footsie and also in the Dax that there was a downward Movement and I think this was really brought to my attention Because of what we were looking at in the S&P as we came in to this week I'm going to post a chart of the cash S&P get this up here and then I'll do the S&P Futures after that, but if you'll notice here You'll be able to see here that we did have a head and shoulders pattern and that this head and shoulders pattern As long as it did not exceed the high of Friday It would be a head and shoulders pattern as you can see it did not do that now the key to this From my perspective is being you know I watched shorter-term markets and I do watch the futures markets as you all know And so I was watching the futures markets on Sunday night, and that's what was to me The most very very important because if you'll notice here on Sunday night I'll get this up because I did a video about this long before any of this happened. It was done done Sunday You'll be able to see here that we were right up at that 1.618 expansion at 4724 the high was 472375 but look folks It stayed that this is an hourly chart it stayed there for 10 hours. That is a lot of people selling up there folks I mean that's it didn't have enough power to put you know punch through when I was saying You know this thing's getting ready to really break because there was just no buying up there It was all you know that what buying was there was being absorbed very very quickly You know so that's the main thing to pay attention to that now here. Here's here's the whole reasoning behind What I'm going to be Chatting about today. I just showed you you know what we were looking that on Sunday night It did exactly what we were supposed to do But I wanted to follow through from what happened on Sunday night because this is the key to these really fast moving strong trending markets You'll notice here last night. You'll see on Monday night. We came up and we hit the ABCD pattern up there at 4680 Then it that sets up the 382 at 4680 the 382 came at 4676 But look at the 382 this morning folks There it is 4656 and we're a whole lot lower than that now and it looks like we're going to go a whole lot lower We're already down more than one standard deviation in the NASDAQ and that in itself is a very very negative thing You know to you know to keep in mind and I think you know some type of Some type of a high has probably been in you know in here. I don't know we'll have to wait and see I know that's my favorite thing to say is I don't know but you know what I really don't know That's the real key to look at now I want to show you something about the news that really is exciting for me. This is to me This is very amazing. What's happened here yesterday now, you know, I don't look at the news at all But you know some of the headlines come up and they made this car the ribbon Rivian I guess it's the truck of the year motor trend truck of the year the high was 180. It's now Down a little bit today 118 or whatever it is But it was made motor trend track and truck of the year folks and believe me this They don't even have one of them on the road yet and this is what's most amazing to me This is a got to be a political thing for the for motor trend to put this out there. That's a prestigious That is a prestigious thing folks. That's almost like Leon Musk Leon Oh Dear this is a little tired. Anyway, mr. Musk is now on The person of the year that is you on Time magazine that that's usually the kiss of death Let's just forget that anyway that thing about the truck the truck of the year Maybe it means nothing but when I heard that I thought that that stock would be up at least 30 or 40 percent Just on that alone and boy it didn't boy That's that's a sign of good news bad action in my opinion now Let's get over to Tesla because I wanted to talk just a little bit of it We've been following it quite a bit and it proves Well, that doesn't prove but it gives you an indication of what we're looking at when we're watching some of these charts So give me one second I got it right up here and I just want to go through the Tesla because we've been waiting for this for quite some time You'll notice here that the ABCD pattern are looking at you'll see there. It is at 937 Okay, today's load folks was at 930. I don't know if it's going to go below that or not But of the key to watch is that we had a three-day rally Off of the low at 942. It went right up to the 382 exact exactly at nine ten thousand seven hundred and 78 that number was ten thousand Shut the front door and raise the rent call the nursing home get a bed open for me 1078 was the high 1079 was the 382 retracement that was last week now We've come down and now we've made a lower low than we did down at 1037. We've completed the big ABCD The problem is anything below that sets up an ABCD way down there at eight and a quarter Now I know you're saying how did Mr. Musk Know that this was going to be a I don't you know, you know folks all you listen to that stuff that's out there It's total BS 99% of it and the other the other three-quarters percent is definitely BS I don't trust any of them never have and I shan't start now All right, let's give you another one. They told us about about little John and all his boys at Robin Hood Look what they've done to this poor little stock Given the boys the Millennials a little heartbreak on this one high of 85 now trading at 19 This is going to be a great stock here folks when it gets down to about eight You know, then they'll be everybody will be washed out and I don't think Robin Hood's over I think it's a good idea that you can get people in for you know A few few shares if they want you to get involved in the market. I think that's great But you know the news is always telling you that this is that and this is so and so and I I Guess I'm just too old to you know realize some of these things that are going on here But that's that's all I can tell you is just be extremely careful with these things folks because it's not It's not as easy as you might think today's perfect example. We have really bad Inflation numbers, I guess is what they told us and look at gold and silver silver is collapsing You know, it's been weaker and weaker. It's getting weaker and weaker You know finally got a pretty good break in the short goal that we've been waiting for I still think we're going to get down to that 1750 level in the gold but you know so far it hasn't and we'll see it now There's one stock that I've been asked to bring up This was the stock and this wasn't from the gentleman that was in the stock. We talked about this stock Zs I don't even remember the name of the stock But when it was up at the ABCD pattern there at three twenty, I think it was three twenty seven We were looking for a top and you can see we went way up. We'll be right back eight seven seven 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? 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I posted another chart here something I don't trade but I do have a very good friend out back east in New Jersey That has a company that deals a lot in palladium And it's used in electronics and catalytic converters and a whole bunch of other stuff that I don't understand But I do understand the patterns and you notice here on palladium that Back in november back on the 10th in november when we were setting it at 382 abcd pattern He gave me a call and saying look, I got a hedge this inventory Because I think we're getting ready to go lower. He doesn't know anything about abcds or fibonacci or nothing And I told him I said 2200 is it pal? I said if you get to you know, it's 2300. I said there's something wrong I said, but I'd hedge your whole thing because it's it looks like we've made a major top in here And so it turned out to be really good and you'll notice the last little rally we had also A daily pattern stopping where exactly at the 382 now Here's where the pedal meets the metal and let's see if you can do it As 20 men said to fight human nature do the work yourself Puck up a chart of the dial Jones industrial average Take the high take the low and look what the high today was a bad a big bad a boom point 382 Boys and girls those of you that got kids ready to go to college and stuff pretty soon You're going to have to pay their way and believe me they're giving you the opportunity of a lifetime here in these markets I preach it. I talk about it I got two or three people to listen to it But boy pay attention to that 382 and strong trending markets folks because it is a flat out winner You can't uh, you just can't beat it. It's like a broken drum. It just can't beat it. I'll tell you it's really uh It's really something and we're going to see fast trending markets more and more now Because of what you just saw in that chart that I posted for robin hood That's probably going to be some of the other charts that we've seen up here We've just seen that that zs chart Uh had a high of what three, uh Yeah, it went from yeah 320 went up to 360 or 380 at it. Well, let's just do it again Let's see what the high was the high was three three 78. We went from 378 all the way down to uh 268 dropped 110 points now. We've rallied back and we just made a 135 pattern on that one too. So Um, there's something big is happening out there folks. I don't know what it is All I do know is the frustration index Of trying to get things done here in the united states is is really something I had a problem yesterday with a neighbor as well. You don't need to hear this anyway Let's forget it. That's just frustration city I don't want to don't want to worry about that anymore. But remember Try to do the work just prove it to yourself folks Just take a look at the dow Jones industrial average the e-mini Take the high that we made the high the high Okay, and then go down to the low and see what today's high was it was 382 In a spot on But do it yourself, you know, you'll be able to understand it. It's not really too hard to do this Now I wanted to share a chart from my good friend Mr. Ali zaki over in the london happens to be one of my Dear dear friends. I met him many many years ago Actually about 18 years ago at a tom who guards seminar Anyway, he sent this out sunday and you'll notice here that pattern here. This is the spx cash s&p You'll notice here that that is a 382 retracement. Uh, he was looking for a high around 47 27 I don't know what the high was. I didn't even bother to check it because I don't use this vehicle at all All I'm doing is showing you these relationships that are here now Look at the look at the the red lines there where it says a and b and c look at those Those are absolutely perfect retracement folks And that's what that's what he does he he watches these things And when they line up perfectly like this with these lines the way they are It gives him a spot to say I don't have to risk very much And if you'll see that chart from sunday night when we were trading at uh, you know 46 23 and stay there for 10 hours. Are you kidding me all night sunday night? They can't get a ticket 40 46 24 and now we're trading a lot lower than that You know, I said in the video if they can't get this thing higher than this They're getting ready to really tear it apart and monday morning. It's due to open sharply higher And what happens but a bing but a boom sharply higher does not uh, does not cut it But if the market is changing character and may it is maybe it isn't or maybe it's not the fact that we're down More than one standard deviation already in the nasdaq. We've just made the 60 The first standard deviation in the the s and p So I would think that this is going to be a spot here. We will see a day here I'm jumping around but we will see a day here Sometime before the first of march where you'll see a $2,000 move in the dow Jones. It could either be up or down But no matter what that big move is you just multiply that times 1.618 and that'll be the next big move That that's true of all these markets. So that you know, if you study it enough, you'll find it You know, that's what you're looking at as you as you go through some of these things to Understand what you're what you're trying to look at Now I do want to I'm going to try to cover some of these stocks for the The fangs and things like that because they've had some big patterns that we've talked about They I've already put up tesla the fact that if we get below that nine I believe if we get below 925 and tesla that is really going to be negative to tesla that means it's going to drop another hundred dollars And folks you can't you cannot Blame elon musk for any of this stuff Because he said he was getting ready to sell when he said he was getting ready to sell If you believe that I still have two shares of the brooklyn bits. He had already sold that stuff Give me a break go back and look at warren buffett's history Of how much he loves silver and then go look at how much silver he had on his account After he said that none. That's what they use these markets for you know, it's uh Like bernard baruch says boys and girls the market exists for one reason inflate stocks to a very high price And you get suckers to buy it all the way down to believe me all the way down here It can be epitomized by looking at that robin hood chart So be really careful in folks in these markets because this is not going to be for the faint of heart I can promise you that And I can promise you that and that's about all I can promise you so let's remind ourselves It's not a market of stocks. It's a stock market. And if you believe that I still have two shares of the brooklyn bits that I want to share with you All right, those are the main things that I wanted to cover. I've covered the s&p. I've covered the nasdaq I've covered the let's see if the nasdaq. I can't tell you what the price is But it's due to If it gets any lower Wow, I think it's already broken. Yeah, it probably has I don't know if we let me ask a question. Has that nasdaq got below 15,700 now Microsoft is down $13 Is it really? I don't believe that Well, if that's the case something big is happening here. Well, if you have any questions, it's 8779276648 Uh, yeah, we're already breaking down. We're 1515,800. Yeah, we're already breaking down on that nasdaq too. So Is that true bob that the uh That microsoft is down $13 That can't be right. Is it Holy moly guacamole. Are you kidding me shut the front door and raise the rent? And that was one of the things I wanted to show to you today boys and girls Here is the microsoft chart. You'll notice that the abcd pattern measured two 349 74 and the high was 349 73 Are you kidding me shut the front door and raise the rent billy ray is on the street Billy ray valentine capricorn Are you having fun trading the markets? But having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading market and join the tigers den trading room only at tfnn.com The tigers den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tigers den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers sis as they share trading ideas news analysis and discuss the market action all trading day Subscribe for the tigers den risk free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead Tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live Financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors 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 guardleys abc's 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 Okay, folks, we have on the line from Bart's charts. Jim Bart de Leoni Bart. How are you doing buddy? Another technical difficulty guys. You gotta love it Are you there Bart? No, I don't hear anything. All I hear is an echo. I hear my voice echoing. So I love technical stuff in the markets. I mean, it's really great that I can I can't even put my own passwords in Correctly, so I don't know what to do um Well, I'm going to share with you a couple of these things. Uh, uh bar. Are you there? I'm here larry. Good morning. Good morning to you. Jim. Jim, as you know This is why I was never a navy pilot because I wouldn't be able to get into the cockpit let alone fly those little puppies, but Unfortunately, I'm having a lot of technical difficulty like I do Monday through Friday when I do this show Uh, I have a hard time getting the charts put over and stuff like that But I know you had some really neat charts for us. The problem is I can't get them from a to b Uh, for in time for the show. So that was uh, that was my fault. So anyway, you were you had a chart about lithium Uh, the thing that's for batteries. Is that still in a rocket ship to the upside? Yeah, larry. So we can take a look at that real quick. It's actually correcting nicely. So thank you. Um, yeah, so I'm looking Right now in the low 80s For a potential entry into that But it's definitely correcting which which we needed so but it's still a rocket ship. I think From 2020 I think spring 2020 it was at 15 bucks now up almost at 100 is where it topped out There's still more upside to go. Yeah, it's been a heck of a run Uh, holy cow. What other things are you looking at? Bart? I know you were looking for Go ahead Yeah, larry. So, you know, the big thing I'm watching right now is we've got this really interesting, um And it's like you taught me what the patterns, right? The patterns that you know where you are, right? So I've been watching as you know, I watch a very key ratio and it's the xlp Uh over or divided by the new york stock exchange index and I do that because the stock exchange index is You know the list of 5 000 plus stocks and it gives you a good, you know, overall view of the market and what happened is And we use xlp and we use xlp as an etf for staples and the the concept is The institutions either have risk on or risk off if they have risk on then people don't need their toilet paper and toothpaste And staples will weaken from a relative strength perspective and the ratio will go down If risk is off then, you know, the world is falling apart and everybody needs their toilet paper and toothpaste Staples from a relative strength perspective will Be stronger and the ratio will go up and the chart I said over to you if you want to post it later What's happened is all of 2021 it's been hanging out in this little channel. It started in february And most recently you could have developed in 2021 a great strategy of um Excuse me buying stocks when it hits the top of the channel And selling stocks when it hits the bottom of the channel all 2020 and one of the excuse me 2021 And one of these days it was either a breakdown to the upside stocks were going to take off to the upside Or it would break out to the upside which means staples from a relative strength perspective are getting stronger And that's what it did yesterday and it broke out with the vengeance That's very interesting because that should be air quote should be negative for equities The other thing I sent over which is Contrasting that is I watch palladium a lot as you know uh, palladium is a key metal for electronics and for the iphone's for Basically, you can think of let's say the nasdaq 100 and so palladium has been on a tear It's correcting pretty big of late over the past couple months But we're just sitting at a key measured move level the largest correction That's occurred in palladium in almost 20 years today So if palladium can find support Right, then one would think or one would you could make a surmise that the nasdaq will find support And this sell-off will find some support. It might be a buying opportunity So we have these two areas where one's going to fail, right your Ratio of the staples over the new york stock exchange index was a fake breakout And it'll go back down to the channel Stocks will rise or palladium will blow through this level and the sell-off can continue So we're really at a really key Keypoint in the market right now and I wish we could have shown them Because you could see it's just like wow the here here's where we are and if you wait a day or two I think the the trend will reveal itself. So that's what i'm looking at there Okay, I'll get these charts to us folks tomorrow. You will be able to bring those up and I'll reiterate what What bart is telling us now now bart. I have a question now Someone is asking how do they reach you at bart's charts because you don't charge. This is just uh It's just free. Isn't that or do you do you charge? Yeah? Yeah, no. No, I don't charge right now I you know, it's my way of just number one putting my thoughts down and coming up with a game plan And then I get to share it with others, right? So, um, they can reach me on my website, right? At www of bart's charts.com and just ping me there. You can contact me there Or bart at bart's charts.com is my email address and I try to answer I'll get back to them sooner or later. Uh larry It might take a little bit of time every once in a while, but uh, I love to interact and it's a lot of fun So then I'll have been on your show Hey, we're gonna have we're gonna have you on again right after the first of the year And we'll get it all set up so that we can get your charts in And let everybody see because you do do great chart work and I Appreciate some of the exotic stuff you do with music and stuff is really great So I want to wish you and your lovely bride a happy holidays. How many grandchildren do you have now two? larry We have three with one in the oven and for all your listeners out there for the longest time my son He turned 17 Oh my god, are you kidding me a couple days ago? No, god and larry for what larry eight ten years? Who knows with santa claus? Oh, there's no kid. I used to play santa claus. I sure did. Yeah He's about about six five now Yeah, playing basketball. He's doing great. Yeah, I've seen him in the patterns too. He's trading. He's trading. Oh god I love it. Oh good. Listen very merry christmas to you, buddy And we'll have you on right after the first of the year and I'll cover these other things tomorrow So that we'll be able to see those okay Best of sarah and all your family too larry. Love you brother. You bet. See you later bar Jim Bartley only folks Bart's charts you can reach him there. He'll have the charts there for you So if you want them just ask him for them there. Otherwise, I'll bring him up tomorrow because they are You know pretty nice. I just did the one on palladium. I didn't know that he was going to be talking about palladium today I was actually talking to ernie the fellow who does the Uh has is in the palladium business and uh, I was chatting with him this morning So I brought the chart up About that, but I did want to bring to your attention some of these other things that are happening I posted the chart of microsoft up there The fact that that stock is down 13 dollars in one day boy if that doesn't scare the heck out of you I don't think anything will so let's remind ourselves that we're looking at here is another one We're going to do all of them so we can see them how they're unfolding But here is the chart of google You'll notice here that we have this three drive to a top pattern just absolutely perfect And what do we call that folks a b equal c d and if you count the number of days in the a b You'll see the number of days in the cd coming in right there at 30 40 We're now 100 and some bucks under that At least 3000 yeah, not very much, but it's got a price objective down here at 27 81 Now that's going to be very important support because it's a seven eight six from the low in october And it's also seven eight six from the low back on october 4th Well, we had our last major buying opportunity. We'll be right back folks eight seven seven nine two seven six six four eight Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's seven two seven three two nine 83 22 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 for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 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 it risk-free today with our 30-day me back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a 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.com 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 four-side fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Okay, folks I posted that chart of the four-hour chart of the nasdaq again because it has so much information there If you'll notice the high that was made, you know back there on the 22nd of november The the right shoulder was done on the 5th of november The excuse me the left shoulder the right shoulder was done here on the the 6th of december That squares up the price and time the right shoulder was equal to the left shoulder making it absolutely perfect But the key was that it had to get above that level of that right shoulder and it could not do that sunday night Even though there was no limitations on high this thing could have go sunday night and it was up I think 200 handles at one time it could not break above it Just like the sp y and s to the cash s and p now the futures did it But the futures did it in a in a very weak moment you're rallying up there and then stop for 10 hours And now we're breaking down now what we've done now is we've already I think the 78 percent level on this It comes in right about 15,775 and if we start getting below that 15,775 You know the abcd on this folks is way below 15,000 so this is this is something really big that's happening and it's happening very quickly and the news should be You know, I would think it would be relatively good There's nothing really big happening the defense not going to raise rates right away But boy they are going to raise rates anybody that's in the bond market is getting a rude awakening of what's happening there So we we need to pay a very very close attention to that And you know the the story on the inflation folks you cannot have inflation With money supply velocity the way it is the velocity of money Is lower than it's been in the last 30 years So you're not going to get long-term inflation, but the federal reserve is not telling you about that You've got to figure that out yourself Because you know unless the velocity of money is out there you're not going to get inflation You got to have more money changing more goods and that's not happening right now So that's why maybe when our gold is so weak and silver look how weak silver is silver could be breaking down below 21 cents here You know very soon folks or you know, that's going to be a very very 21 dollars. I mean not 21 cents Anyway, that's uh, that's the main thing to take a look at our major price objective that we're looking in that gold Someone asked because it's around 17 around that 1750 area folks a low today has been 1767 I think at least the last time I checked but those are just a couple that we're paying You know very very close attention to now. I want to get back to a few others I posted a chart of facebook up here. I believe let me do it again So we'll be able to see it So you'll be able to see what we're watching here and some of these fang stocks because You'll see the high that we made back in september again AB equals CD just absolute perfect number up there at 385 We're now 50 bucks below that we've made a lower low in december the Back on december 4th, then we had a really strong eight-day rally You'll notice it went right to the 50 percent retracement And that's a 50 percent off the high and now we're starting to move back down again And so that's a key key thing to remember also because when markets do violate the 382 They usually stop right at the 61 percent retracement Now in strong trending fast markets like we have in the e-mini And stuff they're not going to make the 50 percent retracement You can see here by the chart that we made here on this e-mini s and p This was a little while ago right before the show I believe You'll you'll notice here that we had that 382 retracement of the overnight high which is at 4680 And I I think the abcd on this did we break? Did we hit 4605 by any chance? Could someone tell me if we've made that number in the s and p because that was the The 1.618 expansion number and that should hold if it got there But I don't know whether it got there do that. Could you tell memory? Could you tell me if we made? 46 uh Oh, what a lucky guess I did that by oh that was a that was a strange guess wasn't anyway, uh, and and where is it trading now? 4605 well all that was folks was 1.618 just like on the high go go hey do some of this work yourself You know, I know I know a lot of you people do and I I appreciate that And I know when we do these trading day things we learn a lot It's five hours. We've we've done okay in these things and and you learn this stuff So, uh, we'll watch it but below 4605 today This thing is going to go down really big So anything below 4605 and remember we still got four hours of trading left today So we're going to see these big day. They just remember folks what happened in that stock of robin hood Is going to happen to other things because these people that have never been in these markets that don't understand it They're going to get hammered really badly now That's not going to happen here tfn because you know basil's been screaming about danger. I've been screaming about danger Steve roge has been Streeting on danger and that's it the uh the ai for I don't I can't post the ai For the charts today bill because I can't move the charts around I have to reduce them in size that takes a couple of Quick, uh, you know computer calculations that I can't do operations I guess I have to go in I change the display screen and then I got to go back and change the start So I can't do it, but I will tell you this there should be a minor bottom coming in right about now I think it's within about a half hour where we were right now And so anything below that that's why I'm saying if we go below that 4605 level After a predicted low around that time would really do it But that 4605 was just nothing more than that 1.618 expansion of that move that took us up to the high at 4623 so I hope that that's uh what we're watching on that So thanks for your comments on it bill. I appreciate it. Anyway, uh, when how's our time frame here? Oh my gosh two minutes to go. I want to make sure I cover all of these These fang stocks because they should be looked at because this is why This thing is so bad on these stocks is because of the fact that we're having so many of these things That are breaking down just a second here. I got to get another one up this I think is netflix Now here's apple get it. There's an apple chart. I want to get it up here It didn't quite make the three trillion it got within uh 60 or 70 cents of three trillion But you'll see here. We've had some big moves here And of course apple's been the apple of everybody's eye for so long and that'll probably continue for so long Here's one that's not the apple of everybody's eyes and had some bad press this week because of the tornadoes And that is the amazon, you know, this thing has made a major double top up here We also made a a three drive to a top pattern up there at 37 50 And uh, this market is heading somewhere around 2200. It was what it looks like to me on a long term basis So let's uh keep our wits about us the key thing to watch today folks and mr Bill has posted it in there if we get below 4605 In that s and p and if we get below 4605 in the s and p that is incredibly bearish There's just absolutely no if ends or butts about it. You can't do anything more than that And uh, I want to uh, tell you that that's also let me see if that's the right Yep, if we get below 4605 They're going to turn the lights out at the old cme folks because that's going to be a really really negative move the the equivalent number of that in the nasdaq would be uh at about uh 15 700 and Yeah, if we get below the nasdaq at 15 700, I don't know what the low of that nasdaq has been But that's another one that if we get below that We we haven't seen a real scary day in a long long time and boys and girls the scary days are here and they're here to stay 877-927-6648 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 and technical market analysis And it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 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 From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help You make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be Educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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I have posted the chart updated 15 minutes of the e-mini s and b and you can see the two abcd patterns that were there those are in the little turquoise abcd patterns as you can see They're both really spot on abcds The abcd structure from that 382 takes you down to That's 1605 level that you're looking at right now And that's why if we start going below that that is going to be a sign if there's major trouble in river city And we've got to be very very careful I had a note in there from the then that I was scaring people folks I'm not trying to scare you This is going to be great opportunities on the long side And the short side is just the volatility Is going to increase and increase dramatically like we've never seen it before And if you learn to lose use these little patterns that we have It'll give you a real edge. You know, that's really what it is these little abcd patterns are a great edge We add the ratios into it with little one three five patterns and stuff You know give you an answer. Are you going to be right all the time? Of course not But you'll be better off than you would that if you were throwing darts at the darn thing and you don't want to throw darts I mean, that's the main thing. You know, it's uh the key here We're getting a lot of information about things, you know that that are acting differently gold given these statistics for inflation gold and silver should be Skyrocketing but they're not and look look what's happening in the crypto markets folks I mean those crypto markets are telling they want to go a lot lower there again That's going to be incredible buying opportunities because these things are here to stay big monies out there folks They want to buy these things really cheap So to get these things a lot lower would be right in the game plan like get bitcoin maybe down to 15,000 or something like that in the theorem down to You know maybe a thousand or 1200 something like that That means some of these other little cryptos that are out there are going to be really really cheap And that's what you want to be looking for. So there's going to be great opportunities here in 2022 coming into this but uh right now. I don't know How much we're going to bounce from this level But if we've already made the abcd and we made it in a matter of a very short period of time And that means once we break 640 605 we will go lower. See you all tomorrow folks. May god bless