 educating investors. 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, Louis, for all you 3-8-2 lovers. I have posted the chart of the Euro over the last several days that we've been talking about this, just about every day, also in the videos to watch for a quick 3-8-2 retracement. And as you can see, we hit it to the tick today. The market immediately dropped $700. Right now, if you're in that trade, you've got an over $500 profit. You certainly don't want it to go to a loss, so make sure you put your stop in where you protect at least $100, or break even either way, but you shouldn't let it go to a losing position. I mean, it's frustrating when you have, you know, $700, $800 that goes back to even, but, you know, that's the name of the game, folks. We don't know which ones are going to work and which ones don't. Fortunately, I wish I did, but I don't, but if I did, God wouldn't probably let me share it anyway. Okay, let's move on to a couple other things. By the way, our guest today will be Jeff Hughes of Alpha Insights. I always got some great information. He's got some really nice charts today. He's got 10 of them, but I wanted to show you one today that we've been chatting about here for quite a while, and that is the Treasury Bonds. This happens to be the 30-year bond in the September contract. And as you can see, we came within four pips of the exact 61% retracement today before rallying $1,500. So that's probably a good bottom down there at that 137 level. So that's what we're looking at right now. As you can see, we talked about this again. You see the A, B, C, D pattern right here. Then you see another A, B, C, D pattern right here. Double A, B, C, D coming in almost exactly at the 61% retracement. These numbers that we had to come up right near that same level also within a few pips. So that's what we were watching when we were looking at. And you notice this one. This one missed the high by about four pips. Now, the high came in exactly at the 50% retracement, but the A, B, C, D was measured above it. But as we hear from our good friend Albert Einstein, he said that mathematics precedes geometry, and that's something that we don't want to worry about. I have no idea who that is. Okay. Sorry. I thought I turned the phone off. My bad. Anyway, let's move on here, and we will move over to the next chart that we want to cover, because we've got a few of them here that are very interesting before Jeff comes on. And of course, he has some really great stuff. Here's one to get ready for, folks. We talked about it yesterday. We're going to update it today. We've got to get ready for it, because we've been watching this, uh-oh, shut the front door and raise the rent. Hit the wrong button one more time. Okay. Here's we're going to move out to the old cornfields now, folks, because we're having some really strong movements here in the grains. You'll see we had that beautiful 135 pattern right here at this level, right here. The problem with these people getting the phone, folks, it's an election time and everybody wants money. Okay. And they won't trade, so the heck with it, I'm not going to give them any. Anyway, you'll notice here that we've got an ABCD pattern stretching up here to this level here, up around the 666, the old devil's number. And so we need to watch the Christmas corn here tomorrow or the next day. We'll be up into this area right here. If your longness, which I hope you are, you know, we'll be looking to take profits up in this area, but we've had a pretty good chance. A few days ago, we went right down to the 382 right into that report, and then we started to go higher. So that's what we're looking at right here. If you're in the stock indices, of course, we're down a little bit today. Had a big break last night that we went down to, uh, well, we dropped 250 points in Dow Jones E-mini, and then the Dow Jones E-mini came and took it back. I mean, that is a very, very difficult thing to do. But now I want to share with you a chart from a yearly matzo. I don't know who this guy is, but he brings out a really interesting chart here that I think someone sent me on Twitter. And because it has so much harmony and the stuff that we believe in, I want to bring it up here to show you what you're looking at. What you're looking at here is that same nothing more than the 135 pattern. Now, what he's doing, he's just showing you how the market reacts against these moving averages that appear, and that's what we're seeing. But there's a pattern out here in one of the major stocks. In fact, it's in more than one of the major stocks. And boys and girls, you got to pay attention here. Even if you go to sleep for the rest of the day, pay attention right now, because this is where the game is being played over there at the NASDAQ, and this is a very, very important chart. It may not mean anything, but boy, the pattern sure does, and let's get it up here. Here it is, folks. You can see this is an island reversal in Microsoft, one of the most heavily traded stocks that trade. It is really way up there. It's one of the fang stocks, okay? But look at this. Can you believe this? Everybody that bought it in the last two weeks, it gaps down on Monday. I mean, my goodness, this is telling you that they trapped them. That is flat out trapping, and it's coming exactly at the 50% level. Now, this basically is the 135 pattern. There's the three. The one is way back here. So this is really important. All we need, we had a bad day yesterday. That was down about 700, but it rallied back, as I mentioned, 250 points. It couldn't even get close to the 382. I mean, it was just too far away to hit the 382, but the others did okay. Anyway, you'll notice here, as we get to this level here, everybody that has bought it now over the last two weeks, this is an extremely bearish. If you turn this around, this would be an island reversal on the bottom. Oh, my goodness, that's the best kind of news we could possibly get. So we're in danger zone, folks. So play attention to that. This is very, very important. Now, if the market rallies back and gets about rallies back about 20 points in this, this pattern has failed, and you've got to go on and look at something else. That's really what you have to do. There's just no other way that you can do it. So if you'll do that, I think you'll be pleased to watch it, because that is an extremely bearish pattern in Microsoft. As we look at it here today, it's very extremely, extremely bearish. No question about it. And I think people should pay close attention to that chart. Not only that, it's not just in Microsoft. Someone had alerted to me from one of our listeners and showed me six or seven examples, but the one that jumped out at me the most was Microsoft, because it was so very, very important, and it's really important. You'll remember here last week, we talked about the fact that when you look at this market, compared to 2008, and we'll get this up here right now before we take a little break here. You'll see here, there we are. There's your number right up in here. That's your 200-day moving average, and that's exactly what happened to us. You know, Sunday or Friday, that was the number. That's what we were watching. So we'll be right back, 877-927-6648. At the time of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder-earned money than ain't gold. VISTA Gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. 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Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. 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. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Okay, we're back folks. I wanted to move our operation over here to a natural gas because we've got a lot of things happening over here today. I'll bring this up here. We made new highs, of course, in natural gas and it has had some really big moves. I wanted to go through those just to show you. There's the natural gas you can see. We have made higher highs than yesterday. We didn't quite make that 1.27 expansion up there but we came very, very close. But what's happened since that time is what's interesting and let's get this up here because we were up substantially in natural gas and I'm just going to move over to an 8-minute chart so we can show you the pattern that I'm looking at. I'm planning on doing a full day trading, the last one of the year. I do two every year. It's going to be on September 20th. Five hours of trading and I'm going to do a heck of a lot of trading more than I do teaching because I'm going to do some teaching, of course, because there's going to be questions. But the main thing is, is I'd like to make a little bit more money. We've done okay. This would be our fourth one. We did really well on the first three. I assume we're going to do okay but this is what we're watching here in the NAS. When it goes up and makes new highs, you see that it makes new highs like this, doesn't go anywhere and you've got that nice little ABCD pattern right there. Gee whiz, that's a really, really good place to go short because first of all all the stops have been taken out. Okay, so you don't have to worry about that and you've got the ABCD pattern lined up right there how that's as simple as could be. Now look, the market breaks really badly. Look at that. It goes down and takes all the stops out here. Then it rallies where to? Yes boys and girls. Mr. Rogers is telling you the truth. It rallies right to .382 and then this is what we call giving up the ghost baby because when you catch one of these, this is the falling safe. Folks, that move right here was $4,000 in eight minutes. Now that's more than you can make as an auto mechanic. Almost. So anyway, that's what we're watching. Try to get these entries. They don't always work, but by golly when the ones that do work work, it makes you a happy camper and that's what we're paying attention to right now. I would tell you another one, but it's probably the one that's not going to work today, but that's enough. We'll do enough, a little bit more teaching. Remember we've got Jeff huge coming up in about 10 minutes and that's always a good thing. The chart that we posted in our newsletter this past week of the Dow Jones Industrial Average. That chart, just where is it? It's down here at the bottom somewhere, I believe. There it is. Just get it up here. This chart right here, it's being shown so many places on the internet now. This morning on Bloomberg, I saw three different places. So there's a lot of things on the internet. Everybody here is talking about this right now. The time to be talking about it when it was right at the 78% retracement four days ago, now it's dropped over a thousand points now in the Dow Jones. And this is, I believe, just getting started. We've had a rally today. In fact, the rally gave it up. So we've got to calculate the new rally if we get one. The first rally was 250 points and we'll watch for another one. But when you're down 1100 points, 250 points is not even anywhere near. It's only 20%. It's not even near a 3A2. So that's why you've got to be ready for it and to change your adjustment on these as you start to see them going through here each morning. That's the whole thing to pay attention to. The other one that I'd like to talk about is to get a little bit more of what's going on here. I want to talk about this corn trade that we were looking at. We'll just get this up here to take a look at it. This is right out of the newsletter. And last week we talked about it, of course, after the report. We had a pretty nice move. We've now traded almost up here, folks. We came very, very close to this level here. That's what I was pointing. So that's going to be in a down market. That's going to be a 135. Let's try it again. There's the one. There's the three. And there's the five. It's also going to be a three drive to a tiny top. One top, two top, tiny top. Tiny, tiny top means it's not the top, but it's a top less. But it's still ABCD, another one coming in there. That's a darn good trade, folks. I know the whole world is dying of food, but you've got a bear market. We've got lower highs and lower bottoms, we sure have. And now we've got this nice pattern coming up in the corn. I've got to pay attention to that one. By golly, I don't know if you believe in numbers or not, but this is what we're looking for. So let's sort of pay attention to it. August is the month of the soybeans, folks. If soybeans aren't completed here, and they're not, after the 30th of August, it used to be this way. I don't know about all the stuff they're putting in this crop these days, but after the 31st of August, that crop pretty much has to be made for the thing to be really good. So unless something really dramatic happens, I might get a good crop in all these, and the world is going to be saved. Now, because you joined me today, there's going to be a special group trip today. We are going to go to Deutschland, folks. We are going to go to Germany and see what's happening with the O'Shia, the Sinsigumi Osens. I won't tell you what that means, but... Well, I should tell you what it means. Anyway, it means going in your diapers. My sister Karla, when she got married, nine months after she got married, she had a baby. You can figure those numbers out yourself, but he was in the service, and they were in Germany, and the little girl, Christine, was born. And the problem was that my daughter didn't... My daughter, my sister, really didn't like doing the things, diaper stuff, but in Germany, the Sinsigumi Osens means putting or so in the underwear of the little baby. Anyway, of a diaper, that's what it means. Okay, get back to this. You see here that we have come down very, very quickly. Beautiful three-drive to a top pattern up here, as you can see in the purple. And so this is acting pretty much like we expected to. The next one now, we're going to get back on the plane, and then we're going to go over to the United Kingdom. If I can find the United Kingdom, and guess what? Here is the United Kingdom coming up. We'll get this up. By the way, I will be doing Tommy O'Brien's show on Wednesday and Thursday of this week, and also on Monday. I'm going to be doing that. I'll have a couple of guests, of course, not to help me get through, but to give some great information, actually. So that's what we'll be watching. We're certainly broken at all, folks. I mean, it's holding up extremely well, but we are very various to British pounds, so we believe this is going to be pushing it down, which will help the pound move lower also. So let's keep ourselves, you know, very, very closely aligned with that, too, very, very important to pay attention to that. Okay, now the euro continues to drop a little bit lower, so pay attention to it, folks. Don't let that trade if you did it, because it was a 3-8-2. You know, don't move around. I've got some new information about the 3-8-2 for entries that I haven't explored at all yet, but it looks interesting on a percentage of how to enter and without risking very much. It's a really good one to pay close attention to, so we need to do that. The one very, very important one. Oh, I got the break coming up here. Write this number down, boys and girls. 1772. Sell the gold, 1772. Why do we sell it at 72? Because it's a 3-8-2. 1772, $6 risk. We'll be right back, folks. Jeff Hughes. 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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 4.00 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. 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 Jeff Hughes of Alpha Insights on the line. Jeff, how are you doing today? Hey, I'm great, Larry. Thanks for having me on the show. Well, you are great because, boy, your predictions are sure coming out truly, so I've posted the first chart about the stock market is not as cheap as people think. We are just mystified how the vocal bull can reference this valuation discount in stocks relative to bonds when, in fact, 30% of the market is trading at a 12% premium to bonds. We went through and we actually looked at the top 10 stocks in the S&P. Those stocks represent 29.5% of the index by market cap. And if you were to take a look at the PEs and price to sales ratios and just look at the weighted average of those, the top 10 stocks traded about 37.9 times on a PE ratio basis, and that's forward 12-month earnings, and about 7.7 times on trailing 12-month price to sales basis. That's three times the market's valuation on a price to sales basis and two times the market's valuation on a price to earnings basis. And here's the real stinger to this. If you look at those top 10 stocks on a weighted average basis, their earnings growth was negative in the second quarter, and their revenue growth was two percentage points below what the S&P is an aggregate index produced. So we're quite mystified how bulls can look at this market and consider it cheap on any metric. Well, I agree with you, but their day may be coming. Who knows? Now, the next one we're going to take a look at is a little confusing because you've got some great trend lines and stuff, but you want to tell us what we're looking at here? I think it's the notes versus the dollar, right? That's right. So we're looking at the TNX, which is the 10-year Treasury yield. That's in green, and the US dollar index in red versus the S&P 500, which is the black line. And what you can see is there's quite an inverse correlation to these. In fact, Treasury yields peaked about two days before the S&P 500 bottom back in June on June 7th, 1617. And as soon as rates started coming down from that 3.5% level, stocks started rallying on the news. And in fact, about a week and a half, two weeks later, the US dollar peaked. And actually, I take it back, the second week of July, the US dollar peaked. And from that point going forward, the S&P started to lose momentum. Now, what we found was interesting. Around August 1st or so, yields found their low at about 2.5% and started rallying. And about a week later, the dollar found its low, and that began rallying. And the force of the two of those have really had a negative impact on the S&P 500, which rallied right into resistance and rolled over just as those two were taking off. So it really puts into context this negative correlation between the two. And we think rising yields and a rising dollar are going to be a major headwind for stocks for the next two to three months. Wow. Well, this next chart is spot on. We were talking about it just a little bit earlier, and that's natural gas because we've had quite a bit of reversal today after making a new eye here in natural gas. And of course, you're talking about it as a potential tipping point. Is that correct? That's right. We've kind of been looking at this disparity between European natural gas prices and US natural gas prices. And for a lot of people who haven't been following this, since Russia started their war in the Ukraine, they've been putting a lot of pressure on European exports of natural gas, shutting down the pipelines periodically, and dramatically reducing the amount of gas that they're selling in. That is the primary source of heating fuel for Europe, as well as electrical fuel. And so, you know, without it, basically Europe goes dark. And so the US has been basically shifting most of our exports of LNG, which is liquefied natural gas to Europe. It's about tripled over the last year. And because of this big disparity in prices, about a 30% to 60% premium, depending when exactly you're looking at it, it's really incented US gas producers to liquefy as much gas production as they can and ship as much as they can across the Atlantic as possible to try and maximize that profit motive, right? And what really happened is it's put a ton of pressure on US storage, US supply, and that in turn has put price pressure on natural gas in the US, and you can see it in the continuous futures contract. We rallied up into that, you know, roughly $9.5, almost $10 range, and it pulled back a little bit. But to your point, you know, what's next year? Maybe there's a little more consolidation necessary, but ultimately this pattern sets up as a very, very bullish pattern where, you know, a sustained breakout above that $10 mark would support a move to about $13.5, almost $14, which equates to north of 40% upside potential in natural gas prices. We don't think that this price pressure is going to be alleviated. Supply and demand is out of balance right now globally, and until we see price equilibrium, we're going to see a lot more gas shipped to Europe at the expense of US gas customers. Wow, that's incredible. I was thinking of one of our friends today over in the UK told us that their bills have gone from $100 a month to $300 a month, and it's not even wintertime yet. Yeah. It's going to be pretty interesting. Here's the next one we're going to take a look at. And that hold on, we're going to get it up here so everybody can see that the volatility is rising, which we would expect that, correct? Yeah, and in fact, what we're saying here is that the volatility of volatility is rising. Everybody knows about the VIX, the VIX is the Volatility Index that looks at really the amount of puts being purchased relative to calls over the course of a year or the course of a given month and essentially projects implied volatility. But a lot of people are unfamiliar with the VIX, which is the lower panel here. The VIX actually measures the volatility of the VIX. And what we've noted over the past several years is that when you see a divergence in the direction of the VIX relative to the VIX, it's predictive. And at the bottom, you can see that you've got, since about July 29th, the VIX has been trending higher while the VIX was trending lower. And that generally is a positive divergence that predicts a future spike in volatility. And just as we expect, volatility yesterday spiked up above the 21-day moving average for the first time in about two months. And we suspect that that is the beginning of a major move that could carry the VIX up into the mid to high 30s and possibly to new highs relative to what we've seen in the recent 12-month period. Wow. Gosh, Jeff, I love looking at these charts. I know you put them on there. But when I look at the amount of work that went into that, I mean, it's just really, really totally amazing how you get this stuff done. And you do it daily. I mean, of course you have to do it daily because you're managing money and stuff. Everybody of the work is really spectacular. And now here's one for everybody that believes what we believe, and that is the bear market has peaked, and we'll get this up here to take a look at. It's amazing to me. It's so clear, and yet people don't see it. I mean, maybe I'm wrong, but by golly, this is... Oh, I wanted to ask you. I talked about a Microsoft chart that had a island reversal pattern. Have you looked at any of those? Because a lot of those have happened this last few days, I understand. You're looking at an island reversal in the S&P 500 right now as well. Wow, that's important. Let's talk about that when we get back, okay? Here. 877-927-6648. We'll be back with Jeff Huge. 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Folks were speaking with Jeff Hughes of Alpha Insights. He's got the most interesting chart of the day, in my opinion. And that is this S&P 500. And we were talking about an island reversal, where the market goes up. Yeah, you can actually see it, Larry, if you look at those little red circles, those bubbles. Yep, I sure can. Yeah. And that's a powerful pattern. I just looked at Microsoft because it was so clear, but when I see this one, it's doing the same thing. This is the most various pattern that you can get, in my opinion. We saw a very similar version of that back in late March, early April, in the S&P as well. Not quite as perfect as this one, but my guess is that bubble won't be filled. That last gap will not be filled. And this is about to take out the prior lows. I think those June lows will be taken out in the next several weeks. And we can expect the S&P 500 to decline steadily into late October, early November. It's interesting because we rallied in three waves, in ABC, which I know you talk about quite a bit. We look at it from an Elliott wave perspective. And what we noted was that the C wave was two times the size of the A wave, which is a very common relationship. It tagged the 200-day simple moving average, which was just below that descending trend line off the January-March peaks, and rolled over hard down. And we expected to continue lower. I think a break below the 50-day moving average around 40-81 right now would confirm that the bear market has resumed in force. And I would not want to be long-stocked under those conditions. I have to agree with you. When I look at this, it's just really something. I have a question from one of our listeners. Do you follow the election cycle? That is because we're in an election year midterms, but do you follow that election cycle at all? I do. In fact, we published a great chart of it in our monthly newsletter, which you can find for free on our website, that walks through exactly what we're thinking about. But during the election cycle, if it's the first term of a new Democrat president, historically, the market has, bottomed in June, rallied into early to mid-August, and then rolled over to bottom in late October at a lower low, and that's our expectation. Mm-hmm. Well, I'll tell you there's enough political stuff out there that'll make anybody scary, so we'll have to wait and see how that moves on. Now, I want to go on to the next chart that we have up here, and that is number seven. Let me see if I can find number seven. Here we are. Get up here. This is the Elliott Wave count that we were just chatting about. So the folks can take a look at it. There we go. The bigger picture is really showing that there's a major top formation in place, and then we're looking at a longer-term chart here on the Elliott Wave count that looks over the last 13 years from the 2009 low to the January 2022 high, and we call that Cycle Wave 5. Cycle Wave 5 is the fifth wave of a five-wave progression that started in 1932. That's known as Super Cycle Wave 3. And if Super Cycle Wave 3 terminated, as we suspect, then what we've seen so far is just wave one of a five-wave downside progression that should carry all the way to around S&P 2250, which is the general vicinity of a prior fourth wave extreme, the 618 retracement of the entire 13-year advance, which was the Fibonacci number, as you know, and also comes into the same vicinity as a rising 200-month moving average on the S&P. And so we think, you know, together all of these forces should act as some support. That in our view will only be Wave A of an ABC correction of a much, much larger degree than anyone has witnessed since the early 1930s. Whoa! You said 1930s? Yes. I wasn't even trading then. Oh, my goodness. That's a major bear market, Jeff. Yeah, that's our expectation. I expect the same thing. I expect something a little more ominous than that, actually, because I believe the millennials will wake up one morning and realize what it means to go to work for a living and, you know, have the pressure behind raising a family and all that other stuff. So that's just, hey, end of the politics. One of our listeners just said it'll be the worst bear market since the time of the year one around Christmas days. What did he say? So the birth of Christ. So I don't know if that's going to be true or not, but we'll have to move on to this next chart. We've got a little bit, two more to go here that I want to cover. This one here is you have a really great free monthly newsletter that I think the folks should really pay attention to. You want to tell the folks how they can get this? Absolutely. You know, go to our website at jwhinvestment.com and right in the middle at the top tab, you'll see a tab that says newsletter. Click on it and it'll take you to our monthly newsletter. This is absolutely free. You can subscribe to get it delivered to your inbox every month. We publish usually around the 31st or the first every month. And so we've got what we think is going to be a great one coming up here at the end of this month. Well, we're just going to detail everything that we think is going on. We envision color with and with charts and narrative. And I think it'll be fantastic. But it's interesting because, you know, sometimes that's not enough for people Larry. They're not more. They want to know, well, okay, we agree with you. We like your view. But how do we how do we trade it? You know, give us some ideas. So, you know, we've got this other option for $10 a month. You can actually become a member and we send you our top stock or ETF trading idea every Wednesday at roughly one o'clock in the afternoon Eastern time. And basically you get the benefits from our thinking and really these are the ideas that we're giving our institutional subscribers that pay us a lot of money for this for less than the cost of a cup of coffee at Dunkin' Donuts. Yeah, well, yeah, but it can't buy that cup of coffee at Starbucks for that price for sure. And anyway, how the folks reach you, my friend? Yeah, you know, go to my website. That's the best way jwhinvestment.com or you can follow me on Twitter at alpha underscore insights or just send me an email jhuge at jwhinvestment.com. I'd love to hear from you. Well, listen, thanks for joining us. And guys, it's really great talking to you and just seeing these charts. It's just really good. So thank you for joining us. We'll have you on again soon if you if you have the time. Okay. Absolutely. My pleasure. You bet. Jeff huge of Alpha Insights folks. There's how you can reach him is on the thing to go here. Now I wanted to get back to the markets just a little bit because we've had some pretty good action here with that 382 and the year old of the year old is breaking down more and more. Now after hitting the 382, which we expect stocks are, you know, trying to stabilize. But frankly, this market is they might rally for the rest of the day. They might we just made a 382 retracement in the S&P up there at 41 41. And now we're starting to drift off a little bit here. But the euro is at the critical level right now for the day. It needs to hold this level. We're at is 996. We believe our pro our number in that we want to be watching in the Euro will come in at nine. Excuse me. Let's try to get at 94 is the long term weekly. We're going to take a break. We'll be right back 877-927-6648. 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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. I'm gonna go back into history a little bit because we were talking about we just the other day that nobody wanted. Hey, we owe this to our good friend Mr. Z. John Cheney here at the TFNN. Dan, he's always posting great stuff. Look at that. This is where he was buying, was down in here folks. Right in this level right here. Now from there, you can see here, we have a higher bottom here right at the 7-8. Then we have the 3-8-2. This is the one we were talking about just two days ago. We talked about it on Monday. And you can see we made the 3-8-2 right in here. We go up what we do yesterday, pull back to a 3-8-2 and we're continuing to go higher. We're already above the one, we hit the 1.618 level already today. And now it started to back off. So if we get a good break in wheat, you'll get ready to buy it because it's gonna have a pretty good run. We also have to watch that corn very, very closely folks. That corn is a beautiful pattern. It's got Mother God and Country written right over the top of it. AB equals CD, AB equals CD and .50. Those are the kinds we like to see when you got three of them all together. Don't know much about the crops. We don't know how it's growing. We don't know how much it's costing the farmer to get his fields ready or anything, but we do know a bar chart and we know how to read it. So if you got that ABCD, it's a chance of a lifetime. Believe me that it's a lifetime because if you miss these things, there's gonna be another train coming down the track very easily to see this. Now we're almost near the new lows of the day here in the Dow Jones E-mini, the S&P just almost tagged the new low just a minute ago. So we still think we're heading down into that direction. The euro still steams to come off. It's jumped more than 60 pips off the high. That 3-8-2 acting well. The bonds folks, the bonds came within six ticks of that number down there at $136.26. We're trading a handle higher. We'll see you on the flip side tomorrow. 877-927-6648.