 What's going on favorite time of the year? That's what's going on. I know I you know if this if if if the Playoffs didn't start last night. I know it's gonna be golf, but the bottom line is that the playoff started And how about you know, I actually watched Steve the first one was Boston and and My god Washington it was like it was like the finals of the Stanley Cup folks man. Those guys are so so good It's an unbelievable man. Oh, yeah, all the games have been yes really great And you know, this is the first time that in the Stanley Cup we've had Florida the Florida Panthers versus the Tampa Bay Lightning, right, you know, think about this time How cool both of us are hockey players, of course, we're both from the north. Yes, you know We're down here in Florida where it's you know 85 90 degrees out, right yet. We you know, it's we have become such a hockey Environment all of Florida there is it's it's so great to see and and last night's game was so intense Yes, I mean the hitting that was going on the scoring that was going on This should be a great series. No, there's no doubt and as Steve saying folks if you haven't seen this whether you like hockey or not Let me tell you something between the hitting and how they play. I mean, it's hot. It's hard to comprehend man I think you know, yeah, I mean, it's great. It's great But yeah, you know, you guys have Kutcher off now back who's all rested up So that's a that's a plus and you guys are the perennial, you know, so if Florida has to win tomorrow We needed that compared to the last time they were playing them I mean, you know, we didn't have like any lines at all. Yeah, that's true. That's true That's true. So my favorite time of the year, of course with regard to time of the year This happens to be that unfavorable seasonal time of the year. We talked about this This is the 86 year cycle that shows that typically the Dow would top around May 19th today's the 17th Wow So if if if the Dow is going to follow this cycle, we should see the top form perhaps sometime this week So this is the 86 year seasonal cycle I wanted to take a look at really both sides of this potential trade out here So this is the monthly chart for the Dow folks and this takes us all the way back to 2009 And what I've drawn in here is a trend channel and when trend channels are broken and you can see this here What what I like to do is just simply create a new channel and that's just double the first channel so that's what this would look like right here and You can see that if you just double the first channel time This is so amazing. We do this the channel line comes all the way back into the highs in 2000 Wow, which is which is great, you know, just it automatically and so this is suggesting to us It's a monthly chart. This is suggesting that bigger picture longer term The Dow should go target that upper range in that in a tramp channel, which is around the 40,000 level So that's the bigger picture for the Dow. This is the trend channel coming off of the 2016 bottom if we go back we take a look at this larger one really I'm connecting Tom the 2009 bottom and the 2016 so now if I just simply take the 2016 channel to try to find out a smaller channel we see that as we're coming into the sell-in-may cycle We've got the Dow right at the top where it should find resistance So we're this is really getting interesting now folks if we do get a sell-in-may cycle my anticipation would be all we would really see Worst case would be price pulling back to the bottom of that channel line in the 30,000 level or so so it would be a nice move to the downside be about 4,000 points or so So the Dow is at trend channel resistance at the same time the sell-in-may cycle is supposed to kick in that's pretty wild Huh Steve? Yeah, it's great Yeah, cuz you really want things to line up and then of course we look for things that aren't lining up and what might they mean And so in addition to the the to the diagonal channel lines a bud ralphs taught you and I and all the other Tigers tigers that have been around for a long time about horizontal trading ranges And here is the monthly chart now for the Dow and these horizontal trading ranges are so cool because they often act as price magnets They often act as areas where we see price turn and pull back to and so what this is also telling us is that we should see a Dow Move up to the 35 817 level. So this is based upon horizontal trading ranges. Those were the monthly These are the weekly horizontal trading ranges. So on a weekly basis remember monthly bigger picture So bigger picture where the Dow was likely headed to where the seasonal cycle out here. We're looking for resistance levels We had trend line resistance right now. We've got from a weekly perspective Horizontal trend line resistance at the 34 897 area longer term I've got an A to B equal CD out here. This is just coming off of our October lows October of 2020 lows We've only had a very shallow retracement. So get bigger picture here This is also suggesting a move to the 37 to 40,000 area again bigger picture longer term And so if we take a look at another thing that I like to do folks is take a look at the Dow in multiple time frames So this set of tools here, which newsletter subscribers receive in the upper left hand panel is the quarterly time frame and With my tools Tom the quarterly time frame says the Dow has further to go so that really fits into the The charts that we've just looked at the monthly time frame here I see no top that doesn't mean so when I say folks no top that doesn't mean that we don't pull back or retrace But longer term. I'm not seeing a Significant top the weekly basis really the same signal coming out of it So we're back to the daily time frame now and that's this upper right hand panel chart what the Dow did late last week or might have been the Or early last week or the late the week before which generated what I referred to as a roads meant to indicator signal price Moving higher doing less relative energy. We get a bearish reversal candle was a shooting star price gaps down the very next day But what price does Thomas it pulls right back to this horizontal red line and this is where I have the Dow breaking out That's using my tool a Tom DeMarco TD 9 count tool It's just great tool for identifying potential tops and bottoms But also where price would pull back to for support or pull into from a resistance standpoint So the daily time frame nothing broken it Could be in some type of consolidation But we're not yet up back to those highs previous highs to be able to call that the pattern So this this is telling us that we've got a daily signal That really should be able to send price lower But what could possibly get in the way and folks This is the most key chart of everything that we've taken like this is a table not a chart But this table here is always taking a look at how our different markets trading around the globe and in the primary Currencies primary currencies US dollar euro yen in pounds and we take a look at this chart here This is signaling to us Tom that the global flow of capital is parking itself in the US And if one thing will hold up the markets it is that global flow of capital and so we may not get much of a sell in May because if that global Capital parks itself here then we're headed higher and that's where that 40,000 moving folks If global capital is parking itself here my charts say the Dow goes to 60,000. That's a beautiful thing Man, I like I can go for a little pullback and it's 60 grand man. Oh, yeah Absolutely, absolutely and folks it's very easy to get Steve's newsletter come right over to our website at TFNN You're gonna see it right under Teaching content mastering probability you hit that number bottom line you are off to the races Cooking brother have a great one. Have a safe one Steve