 a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Hey, Robin, how are you doing, man? Yes, and thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team. And I really enjoy it. But really, the reason I'm calling is to express my sincerest gratitude for you for providing that information yesterday on the small business grants. I'm a small business owner and primary breadwinner for my family. And if I can get that money, it's going to really mean a lot to my family. So thank you for taking the time to do that. No, listen, man, we appreciate you growling and proud with us. Now, Tom O'Brien. OK, folks, this is Larry Pesevino sitting in for the master himself, Tom O'Brien, here today. I wanted to start out by going across the pond over to the UK and over to Germany. You can see the price of the footsie. That was the first chart that we posted. You can see a beautiful ABCD pattern coming in at a very critical Fibonacci level today. And then if you look at the German Dax, that's the one that's had the huge sell-off. And of course, we had a really sharp rally over these last few days, also coming up into a major Fibonacci level. But the one I wanted to share with you today is the one that I think is the most important of all. And this is the one that we featured in the newsletter and also the videos that we did over the weekend. And that is the chart of the E-mini S&P 500. You can see the 135 pattern absolutely perfectly. You know, one is up there where we had the beautiful ABCD there right there on January 4th. You can see that perfect ABCD, same number of days up in the AB leg as in the CD leg. And then you come down and you make your point three right there and then you come here to point five and boy it stopped exactly where it should have. We said in the newsletter that it could only go a few points higher than we did on Friday and we did buy three points and then the market has broken well over 60 handles. And it looks like it could be going a lot lower. So we'll keep that in mind. There's some other things that are very important here. By the way, at the break, Shane Smollion who is going to the wolftrader.com is going to talk to us. What I talked about was this pattern was so important that it had five things that you could possibly ask for. First of all, you have a downtrend with a 135 pattern. Second of all, you have multiple ABCD patterns confirming. The third thing is the ratios between the one three and five are also perfectly correct. And of course the fourth thing is the timing of that. And also Tom, Shane will help us with the timing and when he comes on at the break to show us why today's high is so very, very important. But we have another chart that verifies what we're doing with this. And that is the next one I'll bring it up here to show you, hold on one second here. It's the NASDAQ. And I think that's the one that really cements the fact that we're looking at something really extraordinary happening in the stock market today. And believe me, folks, if we should turn and go higher here and take out today's high, all of this will be wrong. But right now you can see here, it's perfect ABCD right at the 1.618 expansion. Your ABCD leg starts right here. You go up to your B leg, down to your C leg, up to your A leg right there. Perfect, right, just absolutely spot on. That you can, it's just absolutely perfect. I mean, all of them. I mean, they were just the Dow Jones, the Dow Jones and Selfie itself, the S&P, and also the NASDAQ, which I'm showing you now, they all hit perfect numbers. That in itself is a surprise. But if we wanna look at something else too, and we do watch this, and that is the standard deviations because these are how these algorithmic traders work. And if we look at this today, you'll be able to see here, we were at two standard deviations as we reached this level right up in here, right there is where we were two standard deviations. And we only went about 20 points higher in the NASDAQ on that and there's immediately collapsed. So that's another reason it tells us you could ask, we have a very, very strong correction here, if not an intermediate term top with that one, three, five pattern folks, you have to pay very, very close attention to it because it's very rare. But when you get it, and when you get it, you gotta pay attention. We're just gonna go back here and look at one that we had here. Oh, just a bit about, oh, how long's it been? We had a couple of months ago but it was a very significant one of a stock that almost all of us use. And that is here in the Google. And that you can see where we were, you know, way back here in January, you can see the one, three, five pattern. We have the three lower tops, all related to Fibonacci numbers. Then you have the huge breakdown and then you had the earnings surprise where it goes up and makes a double top. But look at that move folks in one, three, five, what it did. And it starts down and in your risk is if you make a higher, higher than five. And today it done exactly what it was supposed to do. So until we get above that level, we're looking at the same type of pattern that we're seeing in Google, which happened, you know, and the market dropped well over 15% during that time. So we need to pay close attention to that, at least from a probability standpoint. Hold on one second folks, I need to take a little bit of hot lemon tea and then we're gonna take a look at another couple of charts here that will tell us, you know, where what we're looking at in some of these markets. This whole rally that we started with folks started back, I'm gonna get this up here so you can see it started in the Asian markets back on the 15th. This was the day before the Fed came in. We talked about this quite a bit on the show. We sent a video out on it. This was the Nikkei on the, excuse me, the Hanksing Index on the monthly basis. It was a perfect ABCD there's a, we come down to B, go up and come right down to C and you can see we hit it within 100 points of the exact low on the 15th that day when it was down 5%, two days in a row. And then we reversed and we've had a really strong rally. But what's important here is that we look to see the quality of this rally because this is gonna tell us what's going to happen, you know, most probably over these next few days. So what we're going to do now is we're gonna take a trip down memory lane and go back to that chart on the Hanksing and what we're gonna do is we're going to look at it on a daily basis so we can look at that under a microscope. And as you can see the ABCD pattern ended down here, there it was right on the money. You just can't make it up the perfect AB. You see here on the monthly chart, it was way back here, A, B up to C and then down here, you know, setting exactly at the right number. And we had a strong rally, but look folks, you see this gap that's right here, we better fill this gap very, very soon because if we don't and if we don't, this is gonna be extremely negative. Going below this level right now after a 15% move in the index, we went from 18, excuse me, from 18,000 to 24,000 very, very quickly. And it's a very important that we get back into that zone above that gap if this index for the NASDAQ for the Hanksing is supposed to continue. So it's very important what we're looking at here over these last few days here. I've got a break coming up here. If you do have any questions coming in, I basically do futures and I also do a foreign exchange. And so what we'll do is we'll be watching that to see what happens with this as we go through looking at some of these things as we're watching at some of these things today here. So I think, I hope that's a break coming up. I can't tell because I'm not in the host chat. So I have to go back to see if I've got any time. And then we're go, there we go. We'll be right back folks. 877-927-6648. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. 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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, TFNN. Educating investors. At 1-877-927-6648 internationally. At 727-873-7618. Okay folks, this is Larry Pesevento setting in for Tom O'Brien. And Tom will be back with us soon but right now I'm taking over. This is Larry Pesevento, trade what you see here. TFNN, I posted a chart of the long-term bonds. This is where the big problem lies folks. We've been running in a sea of debt for well over 25 years now. You'll notice when we made the high here about a year and a half ago up here in this level of the 180 level 170 in the T bonds, they were telling us about negative interest rates that these bonds were gonna see 200 and their interest rates were gonna go to zero. That never made any sense to me folks. Negative interest rates means that you pay someone to take care of your money and you're gonna have to pay them. And not only that, but you're not having no guarantee that you're gonna get your money back. Well, things have changed. If you look to the right here, we were talking about the 135 pattern in stocks today. There it is right there in the treasury bonds folks. It's the exact same pattern, 135. And if you'll notice here that we are breaking below major support today, we're taking out that 152 level. We're now trading a 149. And if you look a little bit lower down here, the ABCD on this measures to 128. So we've got a long, well, thought we had a long way to go. We've only got 20 handles to make now, but cause we've broken 12, 13 handles since the 0.3 was made. And now we're heading down to this level right here. And there's nothing that the Federal Reserve can do about it folks. These market forces are in play. They're trying to battle inflation, plus juggle all the balls of the debt of the government. They're not gonna be able to do that. So they gotta print more bonds. And that means that you're gonna come down to this level right here. The yield curve is inverted now folks. So that's another reason why you gotta be very, very careful about being along these bonds because these things look like they wanna go a whole lot lower. In fact, last week we were screaming about this happening. If you'll take a look at what was happening to the Treasury notes last week, I'll get this up so you folks can take a look at it. You'll see that we were all the way down and breaking below that support. Now the bonds broke to support today, but the notes broke it last week. And you can see here, we've got a long way to go here to complete this ABCD. Each of these rallies you see was exactly 382. They were perfectly, you know, five points in notes, five points in notes, and then, you know, down lower. So this is telling us that, you know, we're at least heading down to this level right here. So this tells us that interest rates are gonna go higher. Will that affect the stock market at all? I don't know, but nobody else does either. All we're doing is just we're looking at charts to see if they're going to be, you know, viable for a trading opportunity. That's the main thing that we're paying very, very close attention to. So let's remind ourselves of that, okay? Now, one of the things that we want to talk about here is, hold on, our guest at the break folks will be Shane Smollion, WolfTrader.com. He's gonna talk to us about that fifth element, and that is the timing of today's high in the stock market, the fact that it matched up with the three drive, the 135 pattern that we talked about, but Shane will be talking to us at the break when it comes up. Now I've had a question here from one of our listeners, and that is about the Bitcoin. I want to get this up to you so you can take a look at it. Again, it's our technical valuation of where we stand here with the cryptos. You'll see here that we've had these major bottoms here after the major tops that we had, they had a double top. Now we have higher bottoms. We're basically in a very, very wide channel from 67 on the upside to 30,000 on the downside. Any break of that 30,000 would tell us that we're gonna go down to probably 20,000 or maybe even a little bit lower. What's different about this one than it was, and the one that we had way back here is the fact that this one has gone sideways for so long, whereas this one took off right away and when it made a UJBCD right at the top up here, the perfect ABCD is a matter of fact, it's 67,000. The high was 69,000. And then we went all the way down to 30,000 and we've gone basically nowhere between 30,000 and 30,000 and 46,000 over the past six weeks and we've gone nowhere. That's not the sign of a bull market starting. It's the sign of a bull market that wants to test one more time to the downside and that's technical evaluation, of course, but that's what it looks like. It doesn't appear to be any doubt about that. Now I wanted to show one other chart, which is the cash S and P market to give you an idea. I've taken all the fancy, well not fancy numbers, but the Fibonacci numbers off of it. This is basically the cash S and P and here again, you can see the perfect ABCD. As you can see, you're in a downtrend. There's drive one, there's drive three, there's drive five. You do it with a perfect ABCD pattern right up here. Each of these moves, folks, each of these moves are perfectly symmetrical. In other words, they're perfectly harmonic with one another, both of those moves spot on. That's why today's high was so very, very important because if we exploded in the stock market, which means the Dow had to be up about 200 points, and I think the most it was up at like 60 points or something, I can't remember, it was hardly nothing. And it didn't even take out the high at Friday. So the main thing is, is this darn thing is really getting ready to move to the downside now because that would make a three drive to a pattern happening, drive one, drive two, drive three, somewhere below 3,800 in the E-mini S and P if in fact this pattern is complete. Now, I will give you a big caveat here. If we take out this high at 0.5 here, anytime in the next few days, this pattern is flat out wrong and this thing is gonna go a lot higher. So the key is it can't get any higher than where we are right now because if we do, that is a failed pattern and you must stand aside and move to look at something else because in fact that is not gonna be a pattern that you wanna have working for you. Now I wanna switch gears one more time here and let me just get it up here for a second here because there's another pattern that's happening related to money and that is in the foreign exchange market. I know a lot of you are not in foreign exchange but it affects us all. So what we're gonna do now is we're gonna look at the monthly chart of the dollar yen. And as you can see here, we are setting on this monthly chart, we are setting exactly at the 78% level of the high made five years ago. That tells us that it has to get higher than 120. We're trading at 119 in change folks. So unless we get above 120, this market is getting ready to reverse and that is risk off and that means stocks could start to fall again. So those are just a few of the ones that we're watching and of course I wanna be able to talk just a tad here about the gold market because we've had some real wild swings in gold today. Unfortunately, we got up to 48 I believe in the gold. Hold on one second here. And I went neutral today on the gold and I'm not sure which direction it's going to go because it hit the 61% retracement could not rally very much. And so I thought it would be best to stand aside until I see a clear pattern where I can control my risk a little better. A little better. So I took the position off at the break even it rallied a little higher than that but that's what I was looking at and I certainly feel comfortable about it because the old picture behind my wall up here, number one rule is when in doubt, get out and I was in doubt. So I got out and that's what I was paying very, very close attention to as we were looking at some of these things that we're watching here today. So those are just a few of the things that we're paying really close attention to and hopefully they'll have a better idea of what's going on. We got the S&P is still down about 40 handles, 35 handles from the high. The Dow Jones about 300 points. We'll be right back folks, 877-927-6648. You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's 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 the sharpest minds in the trading world. 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This is Larry Passevino setting in for Tom O'Brien and we have a special guest at our break today. The wolf trader himself, Shane Smollion out of Miami, Florida. Shane, would you tell us why today is such an important day from a cycle standpoint? Sure, there's a lot. There's actually a lot to talk about here. Can you see the screen on the chart that I have up here? Yes, we have the Skype thing feed. We're working good. So all your charts will be posted, I was told. So please go ahead. Well, first of all, SMP has entered into what we call the death cross. This is a classical technical formation where you have a bearish market and the 50-day moving average is moving below the 200-day moving average. Now, that in of itself does not mean everything but it's a very important milestone for the SMP because this doesn't happen very often. If you go to the SMP 500 here, you can see, I mean, go to the NASDAQ here. Sorry, this is the black chart here is the NASDAQ. You can see that this has crossed before, actually back into February, so that the NASDAQ is leading on the way down and this is much weaker. But right now, from a cycle's perspective, we're coming across the equinox, the spring equinox. And so what happens when you have the spring equinox, you have the sun and the aries point conjunct. And so both of those points are very sensitive to transits manifesting. So when we see transits and cycles, we wanna see the sun and the aries point involved. What's gonna happen on the 22nd to the 24th is there's gonna be some hard aspects coming across both the sun and the aries point. And that's gonna start tomorrow and go through the 24th. So that is gonna be bringing some harder energy here to the market. Now, this chart here shows what's going on with the Fed. And so essentially everybody knows the QE is ending. It's not a secret. And we got this really big powerful rally off the lows here during this Fed meeting. But I think that this is likely ending here. And I call some of these rallies, the Frankenstein rallies when they kind of shoot up and they have no business being up in this. I call this the Frankenstein rally back in December. And I'm calling this one the brighter Frankenstein rally. This is coming to an end here and the QE is ending. So when we look at this from many different angles, not just the astro cycles angle, but also what's going on with the Fed, we have a lot of converging information that's telling us that this is likely gonna be some type of a topping pattern into here. In spite of the very powerful rally, which has been very impressive the last four days, but there's just too many headwinds here against this S&P 500. Now you mentioned the cycles. So what I'm gonna show you here on the chart, this is a chart showing many different cycles. Now it looks like a lot of information. I'm gonna break this down for you. So there's four basic things to look for. The red line here is the Fed taper. Okay, and the black chart here is the S&P. So you can see the Fed begins its taper here and as the Fed pulls back on the taper, you can see the S&P starts deflating into here. Now to make things more complex here, in addition to the Fed, we have to look at the cycles. And so I have three basic cycles that we look at. We look at the S&P solar cycle, we look at the planetary speed index and we look at the optimized Bradley. All three of those indexes right now are making a high. So this is kind of a point right now where everything is converging to a high in terms of a cycle standpoint and it's converging into a high in terms of what the Fed is doing. So I believe that this is a temporary phenomenon that we're seeing here with this little rally up into here and I think the bear market will resume in full force here shortly. So it's important to look at all these cycles because they don't always agree. And when they converge and they come together like this, you get a much cleaner look at what's going on. This is another one here I wanna talk about. This is what I call the planetary steelium index. And that's not on the other chart. This measures how tight the planets are. So down here is the S&P labeled one, two, three, four, five and up here this is how tight the planets are. And so the market has traced this out almost perfectly and we came up to this fifth high here on the planetary steelium and the market followed it up and it followed it up in great fashion here in the last few days. This is the tightest steelium point of 2022. We just passed it on March 19th. So this is the most powerful point in terms of the steelium in 2022. It's gonna happen. There's gonna be one more peak that comes that's gonna be a lower peak at the end of April and then that's it in terms of the S&P. So we have a weird convergence here of just many, many different cycles here at a point that I think has contributed to part of this rally. But I think you have reached a peak here in terms of the transits. And this is a look here at the actual chart with the planets. You can see they're starting to break up now but we had a really tight steelium here. We had the Sun, Neptune, Mercury, Jupiter. We had Saturn, Venus, Mars. And Venus and Mars had been traveling together for a while. They have been conjunct for over a month because we had this retrograde and then Venus was slow and then it slowly picks up speed and then it starts to move faster than Mars. But the point is this is now breaking up. And so because this is breaking up that breaks up that bullish energy that can come on to the market right now. So I think when you look at all of these factors together we really just kind of had a convergence of very positive energy. There was a few cycle lows that came in. I know some of your guests were talking about those. So the problem is that we are in a bear market on the long term. Even if you look at the transits now this is another way to look at it just the combined transits in terms of what's going on. We're at another peak here at 320. So no matter how you look at this we are at some type of a peaking situation on the S&P 500. Now this is an interesting chart here. This has been a very complex downtrend to follow but this is what's called, these are Fibonacci speed lines and what they do is they take these retracement points and from the 50% level here it makes a speed line or a trend line. So the S&P comes up and tests these lines. So this was the 3A2, this was the 0.5, this is the 0.618. So this came up and hit this 50% and rejected off of that line. So it did serve as some type of a reversal point for the S&P 500 here but this is still showing us in a downtrend. This has not broken yet. It would have to clear the 6.618 level. It would have to clear that for us to say that there is some type of a new uptrend forming. But the thing is, I don't just look I know Larry you're looking at these charts and you're looking at this 135 pattern and you're looking at all the technicals. You know, I try to look in addition to that. I agree with everything that you're saying but I look at what's going on with the Fed and I look at what's going on with the Astro and they're in agreement with what you're saying essentially that this is some type of a high. I think it didn't try to make a bit off the low here. Maybe there was some type of a cycle low into here too. It was just kind of like a perfect storm here of events coming in. This is another chart here that it's just showing the complexity of this downtrend. You had three different trend lines form. You had this first ones goes all the way back here from December, this one, two, three trend line. Then you had a steeper one here. This one, two, three, four, five trend line and then you had another steeper trend line form here. So within this downtrend you had all of these complex patterns forming. It's been a very complex downtrend as the S&P is. There's no doubt about it. Also, I just want to point something out to that markets that go up this fast can come down this fast. And so there's a theory called the mirror theory that these markets tend to form mirrors. And so one of the things that you want to look at when you have a really sharp rally like this is that if this was the high here, if this is going to make a mirror, this is how it would look if it comes down on the backside of the mirror over here. And so this would put us out coming back down to this 4,300 level, probably around the 24th or the 25th into here. And we know that we're going to have these hard transits here with the Aries point coming across here. So, wow. Hey, stay with us. Shane Smollion, WolfTrader.com will pay a few bills. We'll be right back. This is Larry Pesaveno setting in for Tom O'Brien with his guest, Shane Smollion, theWolfTrader.com. We'll be right back, boys and girls. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, 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. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Foresight Fund Services, LLC. At 1-877-927-6648, internationally. At 727-873-7618. Tom O'Brien. Okay, we're back, folks. This is Larry Pesevito, sitting in for Tom O'Brien today. He'll be back soon. And anyway, we have as our guests today, Shane Smollion, the WolfTrader.com, a frequent guest on my show. And Shane, you wanna tell the folks a little bit more about what we're looking at here at this key date that we're watching in the stock market today? Like I said, from many different perspectives, we're at some type of a major cycle high here. No matter how you look at this. And like I said, the planter is still at the peak of the year. So the plants are the peak, but look for 322-324. There are some hard aspects coming across the sun and the aries point, which is important because we just came across the spring equinox. So these are important points to watch. And the S&P may be starting to trace out a mirror now, because remember guys, whenever something goes up that fast, it can come down that fast. And so, when you see increasing volatility, that's not, to the upside, that's not a good thing. You know, volatility goes both ways. And the VIX index is not a good indicator of volatility. The VIX typically measures falling markets. And the VIX has been falling this whole time while the S&P went up. But the reality is the volatility is increasing and so that means that not only can it go up that fast, it can come down that fast. So just something to pay attention to here. And again, just going back to what we were talking about, that you have a convergence right now of many different cycles, hitting a peak right now on this S&P. And so when we see that, it can cause just the fact that these are, you know, coming together and then they release, you can often see a fall of markets after that. And again, we're having, we're coming out of this really tight steelium peak. That's the peak of 2022. So those are just some key points there that I have on the S&P. I just still feel that we are not out of the danger yet by any means and that, you know, we got to be careful. So one of the things that I talked about, I know you were just talking about Bitcoin, right? Yes. So I've been doing some webinars on Bitcoin versus gold because I know these two camps are very much at odds with each other and the Bitcoiners believe that they're, you know, that this is the new gold and gold says, no, that that's just fake. It's a Ponzi scheme. I tend to think that they both have their value, but I've been studying them recently. So one of the things that I try to do is I try to look at the spread between Bitcoin and gold. And right now, the spread on gold says to buy Bitcoin and sell gold. That's the first thing that I'm looking at right now. So I think it's important to look at both of these because these are both direct competitors of each other now. Bitcoin is taking market share away from gold and that's something that's the reality and that's something that's going to continue to occur. And so I think it's important to pay attention, but one of the things I also tell people to pay attention to is that when you see markets that are in a full decline in a bear market, when you get to that center point of the decline, this is what happened in 2020. I have Bitcoin up here. I have gold here and I have S&P here. There is a point to where all of these markets will fall together. It will happen. It doesn't happen very often. It takes a lot for that to happen, but those would be the times to start looking into a gold or a Bitcoin when you see that type of a capitulation. And we're not seeing that yet. Gold is just starting to get weak. Larry, you were talking about that, that you got out of the position. I think gold has some downside here. I have the hottest cycle here of gold. This is just one of the cycles that we look at, but I figured gold would make it up into the Fed meaning it turned a little bit before that. And I think gold could be showing some weakness into here. And so I really don't think either one of these are safe. I think Bitcoin, in the short term, I think Bitcoin has a tendency to follow equities now. It's become very mainstream. So I think that when you look at these markets, Bitcoin will likely follow S&P down. S&P probably is gonna keep going down. And then gold at some point will go down too. I think they'll all go down together. And I think that is the point to where you wanna start looking possibly into gold or Bitcoin because that's usually when they start to break. And for what I've been talking about in the webinars, Bitcoin tends to break first, like from the lows. So it tops first, which is what it just did now, and it bottoms first, which is what it's, we don't know yet when that's gonna happen. But I would be waiting until you get a scenario where you get all three of these declining before I even think about that because Bitcoin has become so mainstream. It is essentially following the S&P. And if you go back to the 2020 recovery, it has followed the S&P. So, and it turns first too, it turns before the S&P, it turned in November, S&P took a while to turn to January. So, just be careful out there and gold doesn't have to hold its value guys. Just because it's gold, it may do a better job of hedging but they can still all go down. Wow, this is really exciting stuff. One of my things on my bucket list is to see some segment of CNBC or Bloomberg, at least two or three times a week where they talk about the astro cycles because they are very important. The problem is they get a little confusing because they do have so many different ramifications and how they work, but you do a great job of explaining it. And I wanted to thank you for sharing what you're looking at. You wanna tell the folks, this is Tom's show, so many of them might not have heard of you before. I had a chance to listen. You wanna tell the folks how they could contact you if they have an interest in this material? Sure, let me just pull up a slide here. Okay, so for those of you who don't know me, I'm Shane Smolian for Wolf Trader Futures and you can reach me at Shane at wolftraderfutures.com. I have a website, we run multiple newsletters on many different markets, S&P metals, energy currencies, crypto currencies, stocks, ETFs. We run a lot of newsletters and you can go to wolftraderfutures.com or fedgeuse.com. Every Saturday, we do a free webinar on Wolf Trader Futures on YouTube. So if you wanna stop by and check those out, we have a good time, we interact, people ask questions, we kinda go back and forth with that. And so that's available too. And then on Twitter, Wolf Trader FUTU-1, if you wanna follow us there where we give updates on different markets. Well, this is great. Listen, thanks for joining us today, my friend. And I really appreciate you coming in, sharing the information, because I think it's important people realize that we are over something pretty significant today. Absolutely, absolutely. Stay safe out there, everybody. You bet, you bet folks. The wolftrader.com folks, St. Smollion. Okay, getting back to the markets here, we see that the bond market is weakened again. We've broken the 150 area we're now trading, just below that at 149 and change. The notes are still cascading down as we showed on the longer term weekly chart. So it's gonna be very, very important. The only mystery, folks, is whether we're going to see anything related to what's happening, you know, what's going on in the U.S. dollar. And the U.S. dollar itself, we'll get this up here. And even with the war that's going on over there, we'll get this up here. You'll see there's the daily chart here of the dollar index. You can see here, there were right at that 1.618 level at 99. That happens to be the level, actually 98.25 is the exact 61% on the weekly. So we've been trading above that for two weeks, which makes it very powerful. You can see that three drive to about top pattern is drive one, there's drive two, and then drive three is right up here at the top. Now, if we get above that, folks, after just a shallow retracement that we're seeing right now of 382 of the dollar index, that can be extremely, extremely bullish. And if you'll remember that we've talked about in our news letter, the fact that that Euro is a very, very bearish chart and it looks like the Euro wants to get down, of course, to that 106 level without too much trouble and that's not too far away. It's only right now, it's only about four handles away, which is $5,000, but it's certainly possible that they could do that. Now, bring this chart up so you'll be able to take a look at it. This is the Euro on the long-term picture. And as you can see, that measures all the way down here, we're currently trading below the 110 level right now and heading towards 106. That's about three handles, not five handles. So we should be getting close to that area very, very shortly. At least that's the way it looks like. It's very important to look at it. So we'll see, by the way, someone mentioned that the SPX also stopped exactly at the 200-day moving average today. So that's another one that's had another factor to it of the other four that I looked at plus the one that Shane looked at. That tells us that something significant happened today. Any move above 44.75 now in the S&P is extremely bullish. And until that happens, you have to stay to the downside. We'll be right back, boys and girls. Every market day from 8.30 a.m. to 4.00 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, TFNN. Educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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Larry Pessevino wrapping up the show for Tom O'Brien. Tom will be back with us shortly. What we tried to do here on today's show was to show you the fact that this is a key day here in the stock market, the fact that we hit that 4,475 level in the S&P. As long as we stay below that, folks, it's very bearish for a lot of different reasons. But also we extremely, well, we've tried to show you without any qualms about how bearish the notes and bonds look, folks. We have a price objective of the bonds down at 128. That's 20 handles from where we are right now, trading at 149 and change. And we've been bearish this three different times. One's from 170 and also from 164. And we're still bearish until we get down to that 128, 129 level in the bonds. The key level today, watch, cash, S&P, 4,475. If we get above that, everything that I've said here today doesn't count because that means that we're getting ready to go probably a lot higher. We're 30 handles under that right now with about 15, 20 minutes to go. So it's still a possibility, but we need to pay close attention to that number, folks. The crude oil's trading very, we hit 111 a barrel here just a little while ago. That takes us up to the lower high that we had at the 382 at 117. We can get the oil above 113 here. It's got a chance to make the 150 level without too much trouble. But if it can't get above 112, we've got a chance to get back to that 105, 106 level. We hit 106 last night and we rallied well over $4 a barrel today, folks. And so that's why it's very important to watch that number at 112. 112 and 105. It's in a trading band until we break out of that band. Either way, that's the main thing to pay attention to. So live every day in an attitude of gratitude and may God bless and Tom will get back with you tomorrow and stay safe, my friends. Building wealth trading in the city.