 I'm a mr. Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks every trading day Steve's got an outstanding show one to two Eastern standard time also is a great newsletter mastering probability now It's very easy to get this newsletter folks come over to our website at TFN You're gonna see it right on the right-hand side under featured content. You just hit subscribe You can get Steve's newsletter for a hundred and forty nine dollars for one month You can get it for six months for six ninety five, which is a savings of a hundred and ninety nine dollars at twenty two percent You can get it for a year for eleven ninety five, which is a savings of almost six hundred dollars five hundred ninety three dollars to be exact 33% now they all come folks bottom line you get it for a month if you like it great You just keep getting it if for some reason it doesn't work for you guess what you're gonna get your money back So check it out. It's got a great newsletter has a huge amount of information out there Steve Rhodes. What's going on? Well, I want people to know that you and I we don't speak before I do my segment We don't speak get during the day or anything like that And so nothing is pre-planned is really the point That's right Steve gave me a present when you see this that is so I don't mean to interrupt Steve But wait wait here this so picture in between this folks I finished the you know the market update and then all of a sudden I look at the chat go ahead This is pretty cool man Exactly so there's only two things I'm gonna talk about today Gold going higher and the market going higher. I love it basically is your first segment out there Nothing that you and I plan Okay, so because I know both you and I are gold bulls here And so folks should absolutely get your gold report out there because you know I should now this is a bigger picture that we're looking at Oh, let me actually get the screen out here Right, so this is the bigger picture that we're looking at folks Which is this is a quarterly time frame chart for gold and what I show now Gold is bullish especially for this larger time frame and what we have on here these red lines Those are the quarterly Tas market profile levels and we're above we have been above the quarterly Profile for the last three quarters out here This suggests that really our next price target bigger picture here not with regard to what's gonna happen tomorrow or the next day I can I can mention something about that, but that we should see price get up to 2103 and when price breaks through that level that's gonna give us our consolidation measured move of equal to or greater Then so 20103. I know you're talking about 2,500 I think you're looking at a to be equal CD pattern, but we know that those can extend themselves So I'm in the gold market. Yeah, right. Yes, exactly. So I've got a price level about 2932 Now the reason folks why I say you should get the gold report Is because I've got a short-term topping signal that should form between today and Wednesday So may give you that next best opportunity on a retracement on a pullback out here No, if the market doesn't top and we keep soaring higher will negate this little topping signal I'm not going to go into that topping signal right now But really time is of the essence right now for you to subscribe to to mastery probability or Tom's gold report out there So I just wanted to throw that out there I've got gold moving higher for sure bigger picture out here So folks really need to prepare for that the next thing that I wanted to share with folks is at some point in time The Dow is going to form some type of significant top and what it does We should anticipate a pullback to last two to four years now Tom this chart here. It's a yearly chart, okay? I take it back to 1896 Actually on this chart here for whatever reason I couldn't get the 1896 data. I think I just simply go back to 1927 the way you can take a look at is the red numbers to the downside What they're measuring is consecutive closes below the close of the prior year out here And what you'll see is back in 1929 that that that move lower lasted for about four years Number four the next topping signal that we had out here lasted for a move of about three years That was in 1938 down to 1941 and then what we can see is back here in about the 1972 time frame We see two time periods where price move lower before it moved higher That's where we get the two to four the next one out here is the high that came in in 2000 and in 2000 we saw was a three-year time period So the 2007 top by the way, which I don't have an arrow pointed But is this red bar right here that was just simply a one year what I would refer to as a knee-jerk type reaction So when we do get a top out there, we should anticipate a move of two to four years out here So how do we know if there's going to be a top? Well, the cool thing is as I mentioned that this data here goes back to 1896 if we just take a look at the top that formed back in 1929 it formed with a what I refer to as a roadsman to indicator signal I teach subscribers this pattern So if you'd like to learn this pattern and and I can make the case that you most certainly do or at least subscribe to Mastering probability so you know when these type of tops or bottoms form out here that this top was formed with so every single bear market Since the beginning of data that I've got that goes back to 1896 Formed with a roadsman to indicator top again, and I won't go through the details of that right now Either with its daily weekly or monthly time frame. So here when we take a look at the in 1929 top, this is a monthly roadsman to indicator signal. It's a very specific set of criteria, and that's really cool So there's a 1929 top the 2000 top was formed with a roadsman to indicator top out here That's the black diagonal lines confirmed with the bearish reversal candle in this case here was a dark cloud cover the 2007 top this again is a monthly time frame chart another roadsman to indicator signal the 2020 top was formed with a weekly roadsman to indicator signal every bear market that has ever existed has always had either a daily a Weekly or a monthly topping signal 1957. There was a bear market It formed a roadsman to indicator top it formed a roadsman to indicator bottom as well out there 1969 bear market top formed with a weekly roadsman to indicator signal you can see them all out here This is not anything that I make up folks These are automated patterns following my very specific rules out here, and if we fast forward to today This is how we pull it all together what we can see is that there's no roadsman to me indicator Topping signal present for the monthly time frame. I know you mentioned that prices are stretched absolutely Prices being stretched are part of this roadsman to indicator signal There's not a roadsman to indicator signal present for its weekly time frame This was data that was captured about about an hour ago So I know that it's current and here if we take a look at the daily time frame chart as well Tom no roadsman to me indicator topping pattern and every single bear market that has ever formed has had either a daily a Weekly or a monthly roadsman to indicator top and that's really what I'm referring to here as that next big Major topping signal that we should get should have this pattern and when that happens Then we'd be looking at a potential two to four year move down and that's really important for folks So since we don't have that topping signal in place right now What I can say is what I can share with folks and much like we took a look at that consolidation pattern for gold And this is how I pull all that together here is the consolidation pattern. It is the white rectangle on this chart here And although the blue lines they represent the bottom of the weekly profiles Here we can see that the Dow or the Dow equity future contract busted through that consolidation pattern And as you said last week was nothing more than a rejection of price I also have it as a rejection of support in the S&P 500 for its ES many the bottom of its profile So this suggests to you and I that we should see the Dow complete its measured move Don't say it's completing it today or anything like that, but should get us up to that 37 360 Three level so it takes us back to gold what we first took a look at these consolidation patterns There are beautiful things out here another thing that we can look at is the global flow of capital That's what this chart or set of charts or data here sets show us This shows us different instruments the Dow Dax the footsie the Shanghai The Nikkei the Hangsang and in the right hand column are these under ROC is the rate of change And this tells us how these markets are trading either in dollars euros yen or pounds out there And that's how we really want to be able to take a look at market We take a look at what took place in the euro if we just look at currency pairs back from 1995 It was moving lower as our market was moving higher. That is the S&P 500 We have that same thing going on now the flight of capital is here folks We will see some kind of top, but it's not in our foreseeable future right now and folks It's very easy to get his newsletter and folks This is the type of information that's in his newsletter every day. Move it all website of TFNN You're gonna featured content on the right hand side. You're gonna see master improbability Steve Thanks so much man. Have a great one safe one. We look forward to show tomorrow. Thanks. Thank you Stay right there folks come right back