 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, folks, looking good. Billy Ray, feeling good. Lewis, I posted the chart here of the December Treasury bonds. You can see the ABCD pattern that is here. That was completed at 1803. The low was 1804. Unfortunately had a buy order in at 03. We didn't get filled and now it's 20 points higher. So I missed that one. But I did want to show you the fact that we do have that ABCD there. I thought that was important enough to make some distinction because it took 10 days for that pattern to complete. Remember, this is a four-hour chart, so it took quite a bit of action to get to that point. Now, this market is so very oversold. Look where we are from September 1st when we were 121. We dropped three handles all the way down to 118. And now we're starting some type of a rally in here. Folks, and I mentioned on the previous segment when we were talking about this, why these markets can go down and make a lower low on Friday like we had in the Dow Jones and the S&P and the NASDAQ and the Russell, and yet the market turns right away. Folks, there are three firms that are listed out there. There's State Street, Vanguard, and the big one, of course, is BlackRock. BlackRock is bigger than the total market. It has $27 trillion under management. They can do whatever they want and they know these algorithms and they know how to play them. So, remember, you're playing with a giant force there, so when you see the market rally, when you don't think it should be, it can be because they're in there. That doesn't necessarily mean that they are. It means that it could be. They're huge. If you'll remember, back in 1998, there was a very big firm out there called Long Term Capital, John Meriwether. He was the darling of Wall Street. Never did anything wrong. And yet what happened was they had a position on that they were not able to liquidate. There was nobody on the other side of the trade and the market went tapioca, firm went bankrupt, had to be rescued by the Federal Reserve Board, none other than Meriwether's good friend, Gerald Greenspan. So anyway, that's why we're careful with these markets because sometimes things can get awry. I'm just a little guy here in Tucson, Arizona. I know one thing and I know one thing pretty well and that is AB equals CD. That's my thing that I look at. That is my guiding light and that's what I want to be looking for. I'm going to post a chart up here that is really important here today. So oh dear, I know what I did wrong. I'm sorry, I can do this a lot easier because all I have to do now is to come up here. Uh-oh, what did I do wrong here? I think I can do this correctly. I wanted to bring this up here to show you because this is what we had. I hope this is still in the Bailey Wick. Can you see my Dow Jones chart out? Please tell me that you can. And then we'll be in good shape and I'll be able to show what else I wanted to see. But anyway, that was, I showed one before, that was from the, from Tom Who Guards group over in the, over in the UK. But I wanted, okay, that's the Treasury. It is the Dow Jones making a 3-8-2 retracement from the high that we made, you know, on Friday, which was a big high. So that's important that we don't get above that. So that number, we missed the S&P number by seven handles. That number in the S&P should have been at 4517. We only got to 4512, or 4513. So I missed it by four handles. The NASDAQ missed it by 20 handles. So it was only the Dow Jones that made that. So that's why we're watching it so very, very closely. I want to share a couple others here that I want to show you an extremely strong market in the face of the most negative news you could possibly get. We're going to get this up here so we can see it without any trouble. Now, I believe you can see the FTSE index. Look at this, folks. We got the pound going down below 124 here, 123.60 today, almost the exact number we were looking for. But look at the FTSE. Now, the FTSE, those stocks are usually foreign stocks that are traded on the FTSE exchange in London. They're not necessarily very few of them are. London stocks, they're all foreign stocks, pharmaceutical stocks, chemical stocks, oil stocks, all of those. That's what we're paying attention to. Now, today, at 130, we're going to have Mike Moran, and I hope he can explain why the energy stocks themselves are so weak, and yet crude oil hit $95 a barrel on Brent crude today. That's a huge, big number, sold off a tiny bit from that level, but that's what we're seeing here so far today. So I hope that makes a little bit of sense, but also, you've got to remember now, when you're dealing with somebody like BlackRock, Larry Fink used to be with the CIA before he came into finance, and he has a program. This is his famous program called Aladdin, and that's the same type of program that Conti Corporation had, and that's why Goldman Sachs bought them in 1995, I believe, for a huge amount of money, and all they wanted. They didn't care about the physical assets there on Mt. Lucas Road. They just wanted that program, and that program, folks, I watched it develop over the years because Amos Hostetter started it, J. Cross worked on it, and basically what it was, it was a volatility breakout system. That's what it was, and they refined it to the point of perfection, and that's why it was worth so very, very much money. What Mr. Fink has is something far more sophisticated than that. Remember, folks, can you imagine someone managing $27 trillion? Are you kidding me? Oh my goodness, I just can't find it hard to believe. The one thing I did here, and it was maybe only rumor, that on Larry Fink's stationery, he's got a little logo up in the far left-hand corner that says AB equals CD. Now, I haven't proven that, but that's what I heard. I doubt if that's the case or not, but remember Aladdin is the name of that program. One other thing I wanted to mention here is that when they build these batteries for these electronic vehicles, okay, what we're doing here is they have to build a battery, and the biggest part of the battery is made with crude oil, because crude oil must make coke, and coke must be used in anon batteries, and so whenever they see a battery, a lot of crude oil goes into that, because it has to have coke. The second thing is, is that I couldn't believe when I heard on the news last night, the girl, Trisha Carreler-Enderwood, who sings the Sunday Night Football thing for the Sunday Night Football, folks, you're not going to believe this. She gets a million dollars every time that song is played. That's 15 times a year for Sunday Night Football, 15 million dollars, and it's two hours total in 15 days, or 15 times. I think that's a little bit overpaid, but if she can get it, more power to her, but 15 million dollars. Are you kidding me? Also, the auto workers, they want to get paid twice as much as a registered nurse and twice as much as a registered pharmacist. I think that's a great deal if they can get that done too, and if they can get all those cars sold, that'll even be better, but I just wonder how they're going to keep them all charged up, because that's going to be really difficult, and we're going to find out whether that's going to be the case or not. I think we have a break coming up very shortly here, and I wanted to bring up a couple other charts, so stay with us, folks. 877-927-6648. 877-927-6648. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to tfnn.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN Educating Investors TFNN has just launched their new trading room, the Tiger's Inn. Hosted at Discord, TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's Inn, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Inn, you can look over the shoulders of Tom O'Brien and the other TFNN hosts, while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Inn at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Okay folks, I posted the chart of the Euro of the gold. I was approaching the 61% retracement. We suggested, if you remember last week, there was a pretty good chance that a gold was probably turning around, mainly due to what was happening with the US dollar, with the Euro getting down to near where it was supposed to be. I posted the chart now, 20 minute chart of the Euro. You'll remember back on September the 14th, right down in here. This is where we were looking at it and we had Pedro from Park City on the line and said it was a very low risk buy around that point. We are now up about 80 handles, a little over $900 and it's starting to move higher. So that's one thing that we want to be taking a look at. Now, I want to take just a moment here. My alert just went off here and I want to bring something to your attention here, so stare with me here for just a second. I want to get this up here. You'll be able to see it also. Now, this is the chart of arm, folks. You remember the thing that came up? Let me turn off the beepers going on. Everybody that bought this, all 13 million shares or whatever it was in here. Everybody that bought that now is underwater. It's gone from 69 to 55. That's not a good sign for an ETF, folks. It certainly isn't. If we looked at it just from a standpoint of a 382, if you went from your high down to your low, there it is right there. There's your 382 right here. Then you make a lower low. You see how this second low was made? Sometimes when you do this and go from your high down to your low, it's going to give you a confirmation. This one misses it by 20 cents and then, of course, now we're heading down. So this is not a good sign for the people that bought this stuff. So I don't know anything about it. It might be the greatest company in the world, but frankly, I just wanted to bring that to your attention that they're now underwater. All right. Now let's get back to the year old. This is super important, folks, for several different reasons. First of all, we're going to get it up here on the long-term daily. You can see the low that we made back here back in June. On June 30th, we made a low. We made a slightly lower low here and now we've turned. We talked about that and we went through several different things showing you why it was important. One of them, of course, was the weekly, and the weekly was right there, was the 382 right there within 10 pips, folks. That's 10 pips. I don't know what my gosh it wasn't even 10 pips. It was only eight pips from the exact 382. Now we're up about 80 handles. Oh, 80 points, not 80 handles from that level. So that's important. That's what pattern recognition is about, folks. It's about finding a spot where you don't have to risk very much. And if you're right, it's going to pay you good dividends. Look at this three drive to a bottom back here where the euro was trading at 94, nobody wants it. Then it rallied 30 points up to 125 over the next year, 10 months, and everybody wanted it. So remember, the buyers and the fellas are mostly different fellas, but you've got to decide where you want to buy and how much you're going to risk. That's what pattern recognition is helpful for. Does it work all the time? Heavens know, but guess what boys and girls? Nothing else does either. I do one or two things. I got a couple little tools here and there that help figure out where we should be and how we should risk them. Sometimes they work. Sometimes they don't, but that's neither here nor there. So hopefully we get these things done and we're able to see how they turn up. What's interesting is fact that we hit that 3-8-2 on the Dow Jones and we've already sold off 70 points from that level. That in itself was sort of a big surprise, but that might be just a temporary phenomenon. So let's keep our minds going on and what we have here. Now let's take a quick look here at the British pound. We want to look at that one also because there's another one that is really, really close. We've been there before. You can see we've bounced off the bottom here a little bit, but what we want to do is we want to look at the long-term picture just like we did with the Euro. Now you see the 3-8-2, we've already through that. The only thing we have here is we have the 61% retracement, but I want you to see here on a weekly basis, we've made a lower low today. So if we look at this on the shorter time frame, you're going to see here that we did make a lower low. There's the lower low right here. That was lower than that low. No question about it. That was the low we were watching. Now, if you remember, from when we were on the show just on a Friday, we measured from your AB leg here down to your CD leg right here and look where it came to, folks. The exactamundo number and from that level, we had a very nice rally. Probably went up to the 50% of the previous move. That's exactly what it did and we came down, tested it and now we're still here. This is far from out of the woods, folks, but at least that it did complete this number that we were looking for and now it's rally just a little bit. This rally here has been only about $339.70. It's only been a few hundred dollars, so it's nothing really dramatic yet in the British pound. That doesn't mean that it can't, but you can see what's happening. What's really amazing fact that the pound going straight down like this when the footsie was going straight up, that in itself is a really big surprise because people that buy that stuff have to have to buy it in British pounds and you would think that would make the pound stronger, but in fact that hasn't happened. Whether that means much or not, I don't know, but those are things beyond my pay grade, boys and girls, so I don't worry about them. One iota. Here was one that we talked about. I know we did because we did this. This is one of our better ones here today. This is the soybean oil. If you remember we were watching this soybean oil, but let's do the hourly because it was so much easier to see. There was the three drive pattern that we were looking for right here. Just beautiful. There's one, two, three lined up right at the 61 percent retracement. It made a beautiful, just blow this up a little bit so you'll be able to see the lovely one three five pattern. There's the one, the three, and the five stopped in this morning just in time to get the old orders in right there at the 50 percent level and made a little A-B-C-D pattern right here and then had a big move down worth about $600. So that's what we were watching here in the soybean oil. The soybeans, as a matter of fact, were far, far more bearish. They dropped well over a thousand dollars in the beans. I don't think I have that lined up anymore because I took it off the bag here, but I don't know what I did with it. That's not too much, not too much importance anyway, so we're not worried too much about it here. Okay, let's move on here to the next one that we wanted to take a look at here. Oh, I want to give you the NASDAQ 382 here because we haven't quite made it yet in the NASDAQ, but we are close. We're not very far away. You'll see here there's a NASDAQ at $15,478. We're 28 points away from that right now, but we have completed the A-B-C-D pattern in the NASDAQ. You'll see, oh, sorry, we have not completed it. So that comes in at $15,475. So I'm watching that one closely. That's 25 points in the NASDAQ. That can be a baby sneeze because that is really not very much, but the fact that we're up so much above the opening now tells us that we've got to still have a pretty good chance of getting it to that point. So these are a few things that we're watching here this morning, so I hope that makes a little bit of sense. Remember, our guest today will be Mike Moore of More Analytics, and he'll be up next break. So stay with us, please. 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. 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At tfnn, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either. tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn Educating Investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com then hit watch Tiger TV. That's tfnn.com then hit watch Tiger TV. Okay folks, we have Mike Moore in the house today. Mike, how are you doing? Good, how are you doing? Pretty good. Mike, we have a question from one of our listeners happens to be heavily involved in the energy stocks. And this question is how can energy stocks be going down when crude oil is going straight up? Do you have an answer for that? No, I don't have a good one for you. No, neither do I, so we're tied. I think it's a sign of weakness, but what do I know? I study strictly price action. All right, let's go ahead and tell us what you're looking at. Specifically, I'd like to talk about four things, crude oil, gasoline, heating oil, and natural gas. Those are the main ones, and then we'll get to the S&P gold later. Okay. All right, let's take a look at the crude oil first then. Currently, it's bearish on the day, so I expected to probably come off for the rest of the day, but we've been bullish, obviously coming into today. Overall, we've been bullish since April 2020, from $15.37. But anyway, more recently, the break above $65.31, more in a decent strength. We've seen $25.84 out of that, and then another piece of that this morning. We've broken above a formation here and fell back down through it. So this is bearish the rest of the day. If we take out this lower formation, that'll also be bearish. That's going to come in at $89.47, $47 plus 2.7 ticks per hour as of 1 o'clock PM. It's not a major formation, but a decent break below there should also project it downward. I want to bring you back though, I think in the last show, we talked about the importance of looking at this move in Brent, if you may recall. And I said that the reason being is it had a large projection in there from $82.33. It suggested it projected this upward $13.90. That's been paired back down to $12.40. That line has moved over the past number of weeks, and we finally attained $12.45, which is a fulfillment of that in the Brent. Let me just pull that up. And another piece, even of that this morning. Now, the Brent here is looking at failing below this formation right here. It's just starting to break, but it hasn't had a decent break below there yet. But if we break below that, and that's a pretty substantial long-term formation, not long term, but longer term formation, it should continue to come off. That comes in at 94.08 as of 1 o'clock PM Eastern Standard Time, and moves up about 3 ticks per hour. So that could start a good cascade. And the other thing to note is on an overall basis, I'm going to bring this on a higher level. This is like a daily chart. This is in the last stretch of that structure upward. So if we do see a bearish correction, it'll probably exceed $7.70 from whatever the high is. That's a substantial amount. Yeah. It's a great time to trade energies. The liquidity is good. The volatility is good. It's directional trading. It's not too choppy. So if you have any complaints about it in these arenas, there's a lot more difficult times to trade the crude. Do you have any questions on crude before I move to anything else? Can you do WTI also, besides the Brent? No, I didn't. That's the WTI I was looking at first. Oh, okay. Good. All right. That's fine. I'm sorry. I should have made that clear. I flipped from this, which is the WTI, back over to the Brent to just show you that we detained that $12.40. I noticed it. We just hit $89. Now, it has to go below $89 for it to be a short-term top? I'm bearish right here right now just because it fell back down through this line. If it breaks down through this next line, that'll be more additionally bearish. I don't have any major formations up here necessarily. There's just a lot of steep line formations. I think that before this really comes off hard, it would probably have to come off, drift sideways, chop around a bit and build more of a substantial top somewhere before really heading into a bearish trend if it's going to do that. Otherwise, we may see a bearish correction of a substantial nature before starting a whole new bull structure. Okay. Yeah. Do you want to take a look at the Arbob and the Heat or go? Oh, absolutely. Yes. We certainly have strong interest there. Okay. So the Arbob, which is another word for unleaded gasoline, that, well, first of all, the Arbob and the Heat on Friday rolled over and turned bearish. So the crude oil is really following suit. And the Arbob held this main exhaustion here. I think we were talking about this on the last show up here at 277.30. We held that with the 277.03 high. And we've rolled over. Let me just pull that back up here. Yeah, I say we held this 277.30 to 91 exhaustion with the 277.03 high and rolled over 8.67 cents. And this is what I know. Okay. I found this on the line for yesterday. How do you say to 77? Get out of here. Wait a second. I'll turn off my phone. Sorry about that, folks. It happens to me all the time, Mike, not to worry. My word. I could say a funny joke about that, but I'm going to keep it clean here. Anyway, I'd say to me in the houses on Friday that I warned Friday could be the beginning of a multi-day sell-off. And the trade black back below 270.49 to 69.59 a warrant of an entry into a bearish correction. So I think today we're just seeing the second day of this. I think it's going to continue to come off. This is a 3D substantial formation coming in right here. Even though we don't have one in crude, I would definitely be paying attention to this. And I already stated that on this move down, you would rather be short the Arbab or the heat instead of the crude, because they will likely pay you far more money per lot than the crude will. And this line right here comes in at 265.67, 265.67 plus four ticks per hour. And a decent break below that. It's going to project this down under at least 13, 14 cents, which would be the equivalent of around seven crude dollars. This formation down here is a very substantial formation. So that'll take a couple more days to get down there probably, but that currently comes in at 253.92 and increases one tick per hour as of one o'clock PM. You take that formation out, we're looking for at least 25 cents to the downside, which could be like that. That's a heck of a big move, Mike. Yeah, it could be a 10 to $12 crude move, equivalent to a 10 to $12 crude move. So we'll have to see, we're a ways away from that right now. But these were the first things we held major exhaustion here, which means this is exhaustion for the overall move to the upside. So we've held that fell back down to these old highs, took out this bearish formation. We have two formations right here. If we take those out, this will probably dump down into here. If we take this out, it'll probably get uglier on the downside. The heating oil also turned bearish Friday. Hey, Mike, we got to pay a few bills. Could you stay with us and we'll come back and talk about heating oil? Yes, sir. We'd be right back, folks, with Mike Moore, more analytics. 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. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a season trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. 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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. Can I have a question, Mike? That means that the heating oil or gasoline is leading us down. Which of the two is the weaker? So we go right here. I turned bearish in the heating oil crack, right? We left the minor bearish reversal above right here with this maintain gap lower. So if you can see here, I don't know if you can read this or not, but I said all the bull calls are on hold. I said we held exhaustion at 5652-74 with the 5705 high and it rolled over into a bearish correction or trend. I warned it would exceed 601 ticks from the high. We have seen that, I forgot to write that in there. And then Friday I said we left the minor bearish reversal above as well. So seeing that on a lower timeframe right here, we had rallied up, held this exhaustion here and now we're down into the... We're considerably lower than the 600 points, aren't we? Yes, sir. We've seen 1034. That's a big move. And that just goes to show you. I mean, if you're not paying attention to what these cracks are doing or what the heat's doing, I mean, it's you just left way behind if you were short the crude as opposed to the heat. Oh, yeah. The same barbecue idea. I mean, this heat has paid you $8,500 per lot more. And so we already knew Friday that we were bearish the heat over the crude. Excuse me, let me say that. Friday already told us that the heat was weak relative to the crude or the crude strong relative to the heat. But we also know that the heating oil itself, the outright broke below a bearish formation. So the question is, and the unleaded did also, so you look at the heat crack, the heat crack was bearish. You look at the R-Bob crack, the R-Bob crack also turned bearish on Friday right here. You can see that in the analysis, I put all the bull things on the hold. I said the failure below 25.92. We wanted a decent pressure. We came off 279 ticks and we've come off far more than that now. So then the question is, which one of those do we want to be bearish? And I had said that, I think on the last show when we were talking about this and we broke back above this line right here, I said this would be bullish, which means that the R-Bob is strong relative to the heat or the heat weak relative to the R-Bob. So let me just slow that down for everybody. So we know number one that the heat is weak relative to the crude. We know number two that the R-Bob is weak relative to the crude. And now we know that the heat is weak relative to the R-Bob. That means you want to be short the heat as opposed to the R-Bob or the crude. Or in other words, it'll probably pay off far better on the downside than the other two. And you can see just here financially, if you were short the heat rather than the R-Bob, that's a difference of $4,700 per contract as well. Wow, that's very good. Well, we're looking at this. This is just about to test above this major formation right here. And I said a break above that will project this upward 1,800 ticks plus. So that would be a sizable move. That would be the equivalent of like a $7 crude move to the upside. So big major financial difference between the R-Bob and the heat. Any other questions before I go to natural gas? No, that's worth the price of admission right there. That was really a great description. Thank you very much. Sure thing. So natural gas been chopping around a little bit. We had rallied up into here into this structure. We took out this bullish formation. But I said that even though I was, it was bullish breaking above it that there was an immediate exhaustion level right here. But I would get short on the break back below. We held the exhaustion actually perfectly. The exhaustion was at $282.30. We had a $282.30 high fell back below this formation. And then saw it dump. Now we're re-approaching the formation. So let me come back and give you some context from the analysis. I'd said we held exhaustion at $281.40, $282.30 with the $282.30 high rolled over 223 ticks. And then the trade below $276.40 also brought in pressure to the $264 ticks. So I said we're likely in a bearish correction or trend against the move up to $250 even, the possible exhaustion to contend with down below. Decent trade. Oh, there is a major formation down here. You take that out, that's going to project this down significantly. That comes in at $251 to $249.50. But right now we're re-approaching this line right here. And if you break above that one decently, that's going to negate the bearishness, take the bullishness from the other calls, off the pole, and that'll project this higher. And that came in at $274.70 this morning. But right now it comes in at $274.60. It just moves down very slightly, only 0.3 of a tick per hour. And just on an overall basis, I'd also keep in mind, if you're looking at natural gas, we had this big move down, we've just been consolidating sideways, consolidating tires. So we may see more choppiness, but at some point this is probably going to build a base, and then the launch out of that base could have a sustained move. Any more on the energies before I look at it? No, let's go to the gold if we could. Okay. And then we'll do the S&P, that would be it for today. Gold, I turned bullish on Friday. I did too. Okay, Friday we left the minor bullish reversal below, and the settlement above $19.39.50 to $19.40.30, I said we also wanted decent strength. And so which we saw, that was this area right here, we got above there, really saw that. Now we're breaking above this formation, which I said was bullish also. I said decent trade above $19.79.80 minus 0.8 of a tick per hour starting at 6am, a warrant of continued strength, as will the other two lines above. So if this line we're breaking above, if we break above this one, it'll be bullish also, and this one would also be bullish. And just to give you some context, these are lines that come down from the very highs of the move up in the month. So now if we break above either of these upper lines decently and back down through them decently, then that would return this to bearish. There's lines you're going to come in at. Okay, Mike, we got a run now, so we'll have you on again next week. Okay, so stay tuned and be with us next week. Thank you, sir. You got it, buddy. Thank you very much, Mike Moore. More analytics folks will 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 and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Okay folks, what I've done here is I posted a chart here of crude oil going back to our old faithful Mr. ABCD. As you can see here, we've completed the larger ABCD pattern in here. There's also an A, B, CD pattern right here. And what's also interesting if you go from your low or from your high down to your low, it takes you to your 1.6 weight expansion that came in at $91.37 and the high in crude oil was $91.36. So we can say that that was a tremendous failure in the ABCD pattern of crude oil because it missed it by $10 before dropping $1,300. $1,100. Well, one time it works. One time it doesn't. As you can see, there's your first 3A2 pattern right here at $90.96. Then we broke all the way down to $89.88, which is the 1.27 of this whole move. Okay, so now the key to watch is all you're doing, you clear all this out and you go down to the high, up to your low. So this should be a very important 3A2 retracement right here at $90.46. That would be something that I would be interested in looking at, especially if it would do it in the way we like to see it do it. It's with a nice little this type of pattern here, maybe taking about, it's a 15-minute chart, maybe taking a whole hour or so to do something like that. That would be an ideal because Gartley said in his book, sell the first A, B, C, D retracement in a bear market and buy the first A, B, C, D pattern in a bull market. So what we're watching here, there is a potential for a bear market. However, if we go up and make new highs, all this is for naught and you'll have to go back to using moving averages, oscillators, and MACDs and all the extra things that you can use to make your start, your charts look beautiful and colorful. That's a bad part about A, B, C, D. They're not beautiful and colorful, but what they do do is they do work some of the time. Live every day in an attitude of gratitude and may God bless everyone.