 trade what you see with Larry Pezzavento call now toll-free at 1-877-927-6648 or internationally at 727-873-7618 now Larry Pezzavento okay looking good Billy Ray feeling good Lewis what we're looking now is the SNP 500 over the past well let's see 10 days or so and I little red box up there you'll see the structure of that we're looking at with these ABCD patterns here you see the final D point comes in at the 61% retracement there at 4068 I believe the high today I don't know was my beeper just went off when we went above 4060 and if we close sharply higher than 4060 we'll probably go up to the 78% level but everything that we're looking at says that this should be a very very important day in fact I said earlier on my show that I thought it was as important as the March 5th high of 2009 and the reasoning for that I'll bring this chart up again because we I just see my just heard my alert go off the second time get this up here so you can take a look at it and we did make that we rallied 300 points in a matter of about few seconds was everybody was able to get on the train and you'll see we went right up to there and we hit that number which was right at 13 whatever that number is the last thing it was is an even number 13,000 and change I believe is what it is let me double check it here I can hardly see it yeah 13,000 13,000 and not just right at 13,000 that's what we were watching at as we were looking at some of these things this probably will be considered even probably the greatest I'll get it up here so you'll see it again here here's the S&P NASDAQ again because that's the one that's been running the whole thing so we'll take a look at that and you'll see that's what we're watching here Stan Harley is going to be our guest here at the break he's going to talk to us about left translation or right translation which from Walt Bresser gosh we've been around so long studying the stuff the reason why I'm here in Tucson was because of Walt and I used to come over and visit him and then Stan came here to live for a while Minor was here for a while Mark Douglas was here for a while so there's a whole little group of people here some of them have passed away some of them have moved on but anyway that's the reason why I came here is I would come and visit Walt all the time and when I had to find a place to live I said well I think I'm to Tucson and by that just as I got to Tucson Walt moved to the Sonora area of Mexico and he lived there for quite a while then he lived in the last few years with his sister and his wife over there in Las Vegas, Nevada and he passed away of Alzheimer's I think 10 years or so ago but boy he was a stand-up guy and that left translation and right translation is just super important folks it just really is you got to be able to really understand that because this is what we think is happening right now but anyway let's move on to another one that we've been waiting for and that was the gold market yesterday I wanted to bring this up to you just to give you an idea of where we are here you'll see here yesterday we were hitting the 382 retracement as we were on the air the actual number was at 1937 but it missed it substantially it went to 1936 10 and so I missed it by $90 and it's rallied a little bit about 40 bucks since that time but that doesn't mean very much anyway let's just hasn't even rallied that much actually so we're gonna see if that means anything or not but my beepers are going off again so bear with me here one second folks I want to see where we are with these things and I have to tell you it's the dollar index just made a 61% retracement folks right on the money and let me I've got to turn this off so this is going to be really interesting what's happening now because the money oh we hit that 4065 in the old S&P shut the front door oh I missed it it was 4066 shut the front door and raise the red well miss that trade we'll have to go on to the next one all right let's move on to I'm sorry folks everything is beeping at once so just bear with me here I have to I'm gonna I'm gonna post it chart it's the dollar index and I just want you to see it because this is what we wanted to see happen and that's what we see happening and this is the reasoning if you want to follow the money you're gonna see it just a second here this is why the beeper is telling you that there's something going on in the world and that not only that my hog thing is going off I haven't that hog thing must have been on there for two years ago here is a second I got to turn this off now bear with me here one second a lot of things happening that's all a lot of things happening all right let me change this window here there's where we are here's where we want to go now okay now you just busted through there that's when the euro took off and that's when stocks took off okay now we did hit that number in the S&P which was the 61% retracement up there at 4065 that means it'll be 4085 very very shortly so we'll be watching some of these others as we move here and see what's going on all right let's just do a couple other quick things here I wanted to show you what happened here with this dollar yen here for just a second here folks I have stuff that I'm doing so just bear with me here I wanted to give you a picture of what that dollar yen was right this was happening before the Fed came out for somebody probably new things like this were happening but that that was a dollar yen moving that's a pretty substantial move here and let me move on to the other one and get if you if you if you did that gold trade folks put your stop and break even and come back in a month because either going to make some I'll put a ten dollar you know lock in a thousand bucks or something anyway that's that's what I would be watching anyway I'm just giving you some of the patterns of what we're watching here what I tried to do here let me go over this I think it's important because I spent a good long time preparing this video that never got out and that's because I'm having trouble with Google and all my other stuff today but let's take a look at this one this is a very important chart and we'll get it up here no Elliott wave or anything like that this is old back in the envelope math there's your high back in February the market came down six weeks it's made multiple ABCD patterns the final big one right here you can see the one three five pattern right there boom bout of being and there's where we are right now we hit that 4065 if you got filled at 46 your five you put your stop at 4068 that we only going to risk a three dollar 150 bucks if it works it'll work really good if not don't worry about the one to sell was the Dow Jones because it was the weaker of the two Russell was the even even the really weaker I can't even take out the high I mean yellow operator so but that's still early we don't know this is a big thing I don't know what the Fed can't what the Fed said I won't know about that for a long period of time you know what it doesn't even bother me at all folks because I go with these little patterns try to tell me and that's all we're looking at if you remember yesterday when we were on the air and this thing broke you know well over 60 handles this was the e-mini from yesterday okay and then if you look at this you'll see where we are right there now let me explain to you why I think this is such an important time I showed you the e-mini S&P and I showed you the NASDAQ now what I want to do is I'm going to show you the Russell okay now here's the Russell and you'll see it looks like a totally different chart oh shut the front door and raise the rent I did something wrong here okay and here's the Russell as we get the Russell up we'll see we rented the 382 now we're gonna take a break here and we get back I'll be chatting with you again so live every day in an attitude of gratitude and God bless to the next three and a half minutes currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy keg stats tiger 4x report Teddy keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence 4x markets tremendously when you sign up for the tiger 4x report you also gain instant access to Teddy 60 minute webinar archive he just hosted 4x strategies and fundamentals what is behind the tiger 4x report for all the details and to start your 30-day tiger 4x report subscription today visit the front page of tfnn.com tfnn 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community of traders just visit the front page of tfnn.com 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 Tom's Daily Market Newsletter Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors free at 1-877-927-6648 internationally at 727-873-7618 okay we're back folks and I posted the chart of the treasury bonds going over the last 14 days you'll see that the low we made today was a 382 retracement of that low so if you bought that you want to put your stop and break even we've had about a two-point rally off of the bottom and it's either going to stop right here or it's getting ready to move a lot higher whether it does or not I don't know okay now I did want to we covered the gold and we covered the bonds and we covered now we're having a really nice move in the euro and I posted the chart of the dollar index in there that you could see that it smashed through that 61 retracement by quite a bit and then that shot the euro up to the above the 108 level which was sort of expected we were we were thinking something like that might occur now whether these things are interrelated to what's going on in the world or not I'm not sure all I know is the significance of what we're looking at here I cannot be underestimated because if we close above that and if you're in the S&P trade and we did that on the other show of course I went to 4066 but if it gets above if you see 4067 you don't want it because it did exactly what it did it dropped 25 handles really quick and if it's right it should meander down towards the end of the day would be my would be my guess here so that's what we're paying attention to here this morning I showed you the Russell I showed you the Nasdaq I showed you the S&P and the Russell and the Dow Jones and the Dow Jones was interesting because you hit that number again folks that when I posted just a little while ago we went above it by oh my gosh I think I think less than 10 points or something like that it was very very short and it sold off from that level from what I understand because my beepers haven't rang any since that time but that's where we are and if we close really strong today folks and I mean you know you get the Dow up 300 400 points and the S&P up above 4065 then this is probably 100 percent wrong the same thing in the gold the gold cannot go back below that low we made yesterday at 37 you know it set a pretty good rally we went from 37 to 80 I think as a $33 rally and just a you know very very short period of time so those are just some of the things that we're watching here today these a lot of weakness in the commodity markets folks we got big drops in corn wheat and soybeans that's non-inflationary and you know we had a nice little 382 rally in the crude oil today that I believe held let's just double check it and see if in fact it did just give me one second and yeah it's held okay and the others are hanging in there pretty good whereas the S&P is trading hold on where are you there it's trading at 44 how low did we get we got down see didn't do very much at all well let me see here give this give me one second I got to get this up here so we can see what's looking at yeah we came right down and made a 61% retracement on the day folks that was the lowest so watch this keep an eye on this number right here folks since it was such a perfect one watch 40 30 40 34 folks if we start going below 40 34 then you're looking at something that could be pretty substantial to the downside but right now all we did was make a 61 retracement from the range we had early this morning at 40 22 and so that 40 I'm going to put the limit minder in just in case it gets there for kicks and giggles but by like I said if you see a 40 66 print not good not good so just keep that in mind that's very very important let's let's do something here that we probably should do that's update this gold chart just to show you the importance oh dear oh my goodness this is really important hold on time out stop the music move shut the front door and raise the red let's get this up here and take a quick look at it and then I'm going to post it here because this is why you guys pass so let's move on here and hold on a second I've got a I've got to shift it over just a tiny bit boys and girls so that you'll get a good copy of it and that copy will be coming post haste and here is the post and here is the haste here's our gold if you don't like Fibonacci numbers I think that's only fair some people like him some people love him and some people don't even know what they are there's your 382 retracement right here right on the money within a dollar now you get above that remember this was the 382 on the long term when when we broke out from remember at 1618 no no no like 1810 and then we went all the way up here to 2020 two harmonic handles down to right here to 382 here's where you are now you start getting above here you're looking at 2100 in the old yellow metal now whether that means anything or not we're going to know pretty shortly I hope you folks get a chance I don't know how many people are going to be listening in to the second show you know here at tfnn because we do have the ability to get our good friend Mr. Stan Harley is going to come on and do the same show again oh boy I don't like it when I see all these little things that pop up and I don't know how to get rid of them hold on just a second here um this is just a really important day here okay okay um oh well and what I want to cover here I got two more minutes and have you have any questions it's 877-927-6648 very uh very wild day in the market so far but not too wild I mean we're still up on the day on some of the indices uh some of the others are not but we'll see they're all up now aren't they uh no well we still got the S&Ps up the Nasdaq is still up and the Dow Jones is unchanged and the Russell which has been the weakest is still uh you know down on the day so those are just a few we've got uh Silver's up 46 cents Gold's up $20 so we've had a pretty good run in some of these things but the key levels to watch here now is at 40 in the SP watch 40 30 well 40 40 30 if we get below 40 if we get down on the day be careful that's all I can say I don't know anything more than that and we'll go from there I wanted to take you folks across the pond that those of you that didn't hear the other show this was the uh FTSE that's been going on of course we had the rally up to the 61% today in the FTSE but I wanted to show you this from Tommy terrific Tom who guard see the harmony that's there right at the exact 61% retracement and look at this beautiful a b cd pattern forming there's your a there's your b there's your c there's your d and that's pretty much it so that's uh what we're looking at right here and then we'll move on to one other that I wanted to show you and that was the one we talked about before it's just in living color and it has to go higher because there was another swing in between here but I want to get this in here we see what I'm doing is killing time till we get stayed early on the line so move on to the next one and there you see what we did is we came down here and then we took out this high and that led us to that one that we're looking at with the e-mini uh s and p here and we'll end the show here with this from uh just draw it up one more time and there's where we are okay and that's where well like I say we get above here if we close above here folks if we close above that 40 65 we don't want to mess with it but if you sold it at 40 65 after dropping 25 15 handles your risk is nothing you put your stop and break even the C's 40 66 again get out of 40 65 that's basically let's take a break here we're going to have stan harley next folks if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every monday morning I publish the gold report with coverage of gold silver bonds the xau hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either tfnn airs live financial content 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 tfnn educating investors are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom obrien found a tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get tom obrien's newsletter market insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com okay we're back folks and i believe we have stan harley on the line today stan are you there i am indeed listen uh i had so many sounds of accolades from your first show i would like to tell the folks that stan harley who's probably the premier cycle guy that i know uh is going to talk to us about right translation and left translation right translation is bullish left translation is bearish i'm going to lead them leave the microphone over to you stan and please go through those lovely charts that you shared with us previously so most of people stayed around for the thing so that's really great so fire away my friend sure i would be uh don't well we're delighted to have you that's for sure i don't like that broadsword to danny boy broadsword to danny boy oh dear oh no no no i can't talk can anybody hear me i can't hear stan i hear nothing i don't know what's going on can you hear me larry oh you're coming through now my friend okay sorry we we had some issue there i don't know what it was but uh are you able to see my screen now we are we're looking good billy rave feeling good louis so please continue uh sometimes in the beginning just to be just to be safe okay because i i don't want the folks to to miss any of this it's that important to them if you'd like cycles and how the market structure works please start from the beginning yeah absolutely um i think it's critical if we're going to understand how the markets are moving we have to understand cycles and there's more to understanding cycles than just understanding the uh the timing sequence i e low to low or low to high or high to high uh but we need to understand this concept called translation left translation and right translation and i found that in a rising market there is a tendency for the crest or the high point of the cycle to occur to the left of the midpoint so in the graphic you can see this idealized sawtooth pattern that uh reflects the trough to trough sequences and then right at the middle with the dotted lines we can see where the crest occurs and in a rising market environment which we have over on the left side of the graphic the crest or the high point tends to occur to the right of the center of the cycle that's called rent right translation and that is indicative of a rising market condition however comma when the market transitions from a rising market to a declining market what tends to happen in a number of the benchmark indices in the stock market we start see that translation moving leftward i e it goes from right translation to perhaps center and then it goes to left and then once you have definitive left translation in the trading cycle pattern uh you know that lower prices are uh are in the offing and so what i've done here is let's take a look at the stock market let's look at several charts and uh and i look at what i call the big five major indices a lot of folks i think um to their error look exclusively at the s&p 500 and kind of in the conversation there but i think technicians you and i and everyone else watching the broadcast here need to look at more than just the s&p i look at what i call the big five major indices the dow industrials the s&p 500 the nasdaq composite the new york composite and the dow transports and among those five i want to see confirmation of an uptrend or confirmation of a downtrend or divergences at pivotal turns pivotal highs or pivotal lows and last but not least i want to take a look at the translation functions within each of those benchmark indices and keep track of them here's a chart first chart here is the s&p 500 going back about a year and what i've noted here uh at the bottom are the numbers 1234 which enumerate what i call the trading cycle pattern within the context of the primary weekly cycle and the primary weekly cycle i have found spans about eight months on average 34 weeks about 169 trading days trading days that's that's a nominal time count now sometimes it's more sometimes it's less but if one looks at four or five iterations of this cycle one will see that boy the average falls it right at 34.0 weeks 8.0 months those two numbers are Fibonacci surprise surprise um now that 34 week cycle is typically spliced into four i call these trading cycles if the cycle contracts down to maybe sometimes it contracts as low as 20 21 weeks then there might be only three trading cycles if it expands uh out to say 50 weeks which it can do there might be five trading cycles so it's it's always different but just nominally speak and stick with me here the nominal primary weekly cycle is 34 weeks and it typically has eight trading cycles they're usually not the same length they they vary plus or minus and that's exactly what is going on here the first trading cycle by the way from the october bottom of last year span on the s and p chart 49 trading days the second one was 53 trading days and we haven't got we're in the early part of the third right now and of course have not gotten to the fourth yet but the crest of the prior cycle uh occurred to the right of the midpoint that is indicative of right translation and we had a higher crest and we had a higher trough second trading cycle which terminated back on the 13th of march that was 53 trading days measured trough to trough trough to trough and the crest occurred just one trading day to the right of the midpoint um so check the box for right translation but just barely uh now let's look at some of the other indices uh let's look at the down industrials similar pattern trading counts a little bit different because the highs and lows don't come in exactly the same day uh but that's what we're looking for we're looking for either confirmation or non confirmation um first trading cycle 49 trading days the high point on december the 13th was certainly to the right of the midpoint check one box for right translation uh second trading cycle uh shift is definitely developing here 55 trading days bottom to bottom and the high that we saw in uh uh in i believe it was late december i can't remember the exact date escapes me for the moment but it was clearly as you can see on the chart left of the center line that's left translation uh oh warning will robinson danger lies ahead kind of thing um let's look at the new york composite similar structure trading count from bottom to bottom and the highs a little bit different right translation in the first trading cycle second trading cycle the high point occurred precisely at the midpoint of uh 58 trading days that's 29 which is oh no listen we're gonna take a break you pick it up after we're right back with stan harley the harley stock market letter folks sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either tfnn airs live financial content 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 tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day 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seven five two three the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz back folks were speaking with stan harley of the harley stock market letter do you want to continue my friend um the uh the down industrials is exhibiting a little bit different pattern than the s and p we've got left translation the new york composite is exhibiting what i call center translation i.e the crest of the prior trading cycle occurred right at day 29 and that is the exact midpoint of the 58 trading day count from from the uh december low into the march low i also did the same thing with the nasdaq i did the same thing with the new york composite and uh and i did the same thing with the now jones transports and this table summarizes what i found larry for uh what i call the big five indices so we had one right translation one center translation and three left translation so the average there clearly is tipped towards left translation that tells me that uh the trend between now and june is probably southbound in the very very short term we're still in the rising up move of the uh of the third trading cycle from october of last year we've got a little bit more to go i think it probably runs to the end of next week maybe uh maybe the first day into april um right in that time frame and then we start methodically stepping our way down what uh what is interesting is what i think would be a a comparison to 2003 2002 time period i mentioned this in the last segment um we had uh we had four distinct trading cycles between october of 2002 and march of 2003 very similar to what's going on right now we had a low back then on october of the 10th 2002 which happened to be exactly almost to the day 20 years prior to the october low of last year and then we made another low on march the 12th of 2003 that was that same 34 week cycle but it contracted to about 21 weeks femenachi again and that cycle had four distinct trading cycles within the pattern and then from that march low it went higher i think we're going to get something very similar larry uh i think we're going to make a another low in mid june um and that's probably you're going to probably see a tremendous rally out of that hole i think it's going to catch a lot of people off guard almost the entire technical community that i talk with and watch on television uh and here in the financial media are almost uniformly bearish and i think that day will come i don't think we're there yet um so between now and june i think there's this some what i call floor mopping to uh to do and then from the mid june low i'm looking for a tremendous rally um and um maybe now back to new highs although some stocks some ets may go to a new high i think the majority of the averages have probably made the real-time high but i don't believe this market is really ready to head head south in earnest there's some longer term cycles that occurred in march and are also occurring in june that's basically providing a floor of support cyclically and so that's why the market is not yet ready to roll over and head south with a vengeance um that time will come but uh that's probably a year or more away so right now let's just enjoy the ride that's for sure now you also had some charts if you wanted to show us on gold that uh looked interesting i do yes um let's take a look at the gold chart going back all the way to the beginning of trading on the uh the comex in new york uh gold has had a tendency to make cyclical lows um every 94 months plus or minus 94 uh for those who understand the numerology that's the lucas number 47 times 2 and i've you know i'm on the air here with you um i've talked a lot about the importance of lucas numbers a lot of folks are very familiar with fibonacci very few i find are familiar with lucas uh that's kind of been the standard bearer on this uh but i find in the financial markets uh while yes fibonacci numbers are important lucas numbers and their multiples are by far and away far far more important than the fibonacci numbers well i remember a few months ago you asked me uh how to rapidly compute the fibonacci i mean the lucas numbers well our good old friend square root of five if you take the fibonacci numbers multiplied by the square root of five you get the lucas series um but uh back to the gold chart um major lows in march of 76 feb of 85 march 93 april 01 the last one of course was december of 2015 i've dumped all these dates into spreadsheet done a regression analysis out pops out a cycle spanning 94 months um which is of course less i said lucas 47 times 2 plus or minus 8 and uh a low point in that series is due once again later next year wow when we're moving the market now we got the nasdaq up 200 the s and p up 36 the dow up several hundred boy they're rocking and rolling today rocking and rolling indeed you we're up about 40 bucks in gold so you think there's a possibility that highway made there at 2020 earlier in the week is the high for a while i think it's distinctly possible yet to be proven of course um this is a a weekly chart i'm showing on the screen uh the ratios on the weekly chart are clear uh 0.146 0.236 0.382 and 0.618 of course there can be some variance there i of course put it on the uh on the uh reversal bar could it come next week or a week later well of course it can um there's uh i don't have the calculations in front of me but the variance i i believe is somewhere in the order of three weeks two to three weeks so we may or may not be there but i would say this the analysis would suggest we're awfully awfully close and if the pattern continues if it continues it would suggest the next change in trend point based on the fibonacci analysis in in late 2024 which oh by the way dovetails neatly with the 94 month cycle that i showed on the prior chart and that would be a tremendous buy-in point for the the metals complex mm-hmm oh that's really good listen stan i want to thank you for joining us today you know you put a double uh double feature in for us but this uh left translation right translation to me is the key to the cycles and uh i learned a lot over the years from wall brussard who was the first person to tell me about it so thank you for joining us we'll have you on in a few weeks and stay safe over there and remember a few more months we're going to have summer we got spring starting now so you're going to see the snow melting finally my friend the snow melting just you don't have any snow it's too soft and we did this year we had about four inches yeah but it's all gone now it's all melted everything's everything's back to fine so hey thanks for joining us my friend and uh we really do appreciate your work buddy uh really just stay safe over there okay thank you larry you bet stan harley folk of a harley stock market letter if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tom yo brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com 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 like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all 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community of traders just visit the front page of tfnn.com catch tom o'brien professional trader and educator founder of tfnn also a special guest on cnbc tom will bisect and dissect the markets the tom o'brien show next on tfnn well i'm going to end the show here on a good note you'll notice here the gold is up about 40 dollars from the 382 that we hit yesterday if you did that trade make sure you lock in at least 10 cents whatever you want to do looks like you destroyed our number at 4065 in the s and p folks after dropping 30 handles it went right back and made new highs so it looks like that horse is out of the vault and you're going to be looking at 45 to 47 thousand in the e-mini s and p sometime between now and friday and today is only wednesday so we're going to see what happens the feds out there speaking and the emotionalism behind this gets pretty heavy even the russell got up on the day folks and even took out the high the previous day i believe but the others are still moving up so anyway the gold worked out really good of course the japanese yen trade that we've been very very shan is worked out really well and our bonds are doing extremely well they're up well well over two points right now from the 382 that we bought yesterday so those sometimes they work sometimes they don't but the member folks the first mistake teaches the second mistake kills not tomorrow are we going to have as our guests none other than the wolf trader himself shane's million and then on friday we're going to have jim bartoloni who's going to be talking to us about natural gas and also he's going to be talking to us about that big big cell garlic they got in the bank stocks if you remember three weeks ago when it was making a perfect 382 retracement on the weekly so those are things that you want to sort of keep in mind that we're looking at here and uh we'll go from there so i hope that helps so it's raining here in the pueblo today so live every day in an attitude of gratitude and may god bless and we'll see on the flip side tomorrow as i mentioned we will have shane's million and then on friday it'd be jim bartoloni be sure you do something nice for some of your your relatives friends because that it's important we'll be right back