 Welcome folks, this is Tom O'Brien of TFNN, we are five days a week, we are seven hours a day, we go 24 hours a day on the internet at TFNN.com, always remember folks, whatever you think about, you bring about whatever, you focus on growth, hope everyone's having a great day, safe day, it's making a great night folks, cultivate wisdom, you don't need to accumulate knowledge to become wise, anyone can become wise, when they become wise you respect your body, you respect your mind, and you respect your soul, when they become wise your life is controlled by your heart, not your head. Not gonna wise, let's take a look at it out here, we have the, what is this, the thousandly down 21, that right, yeah I think so, Dow Industries down 70, Nasdaq is down 324, S&Ps down 49, Gold Contract up $15, trading at $18.69 an ounce, we got Silver up 33 cents, $22.05 an ounce, Light Sweet Crude flat, $110.14 a barrel, notes and bonds, a 10-year note, up 25 ticks, trading $1.2012, the 30-year, up a full point, plus $1196 and $141.30 and $Kingdala, $Kingdala's down 287 ticks, trading $101.790, the Euro is out here at a price point of $107, the yen is at $126.78 and the British pound is at $125 to $1 at U.S. dollar, iPhone numbers 877, 9276648, give us a call folks, wanna know what's going on in your world, in the world of the S&Ps, let's take a look at them, what do you have? Okay, so we bring up the spy, this is gonna get really intriguing out here folks, and this is why, so you hear me talk about building cars a lot, right? Well, what happens is this, so right now the spy's down $5 right, it's trading at $391, you trade as low as $386, you can see the volume is contracting, this has gone after its lows too fast, so the energy is dissipating out of the market, selling energy, period. This is gonna get interesting man, because this is telling me, you know, we gotta confirm ABC structure down and the spy, but the way this is trading right now, this is telling me it's gonna bounce first, because so watch, your first day down, let's see, 12th of May, right, you get 125 million shares, now granted, then we went up, we went up with 83, and we came back down, we broke it, we broke it at 131, that's your ABC structure on the way down, that's your price projection, 364, okay, great, you go up yesterday, we go up yesterday with 76, now what's happening is that, this to me is you was trying to get the lower price today, and it's rejecting lower price, so that's telling me that you're gonna try to bounce, and I suspect, well let's go to the queues for us, I'm gonna show you how this thing shakes out, so if you take a look at the queues, what you're gonna see now, the queues number one did not have the volume when we broke the B point on Friday, you know, the B point on Friday was 284, it's volume of 120 million shares, we came down and we did 91 million, now what happened yesterday, yesterday we went up with 63, now watch this though, so the low of Friday was 280-21, well I know the Nasdaq has got smoked here folks, okay, but the reality is it only went down to 282-25, you're at 285 and you're gonna have a contraction of volume, and when you, what I found is this, when you come back down too quick, which you know, this, my take is that, you know, if you listened to me yesterday that I thought we're gonna build cause all week long going sideways, okay, nothing heavy, and when I say going sideways, sideways means like sideways, plus a little up, little down, nothing heavy, this market tried to get down today, it dissipated its energy, that's kind of how I'm looking at it, if we go into the NBX100 and we take a look at it, now I think that the close is gonna be crucial out here today, there's no doubt about that, because it's gotta basically, right now the futures are down 317, so let's take a look at this for a second, okay, so, okay, 10 o'clock, that's a bummer, yeah, okay, thought I could give you some decent news, but not really, so this side, that's a high volume low at 10 o'clock, man, yeah, so what we're gonna have here I think is this, you're probably gonna have, you're gonna close at lows, it's gonna be light volume, which that is actually dangerous, because what happens is that when there's no buyers and you're at light volume, it lays up that you can go much lower, this is gonna be a wild close, you know, because when I first started talking about the S&P and the Q's right now, my take was actually, let me go look at the S&P, my take was actually that you would basically reject lower price, but just pulling up the NQ's, that's a high volume low that wants to get tested, so that's not cool, because if we finished at the lows, it would be a real problem, man, and so when the S&P's, yeah, so the S&P's are different, man, the S&P's, that's 10 o'clock, and that's 10 o'clock, the S&P, see the difference is the spy actually tested its low and it had light of volume, so that's telling me this close is not gonna be cool again, unreal, gold, gold contract out here also needs volume, you can see when you're looking at the gold contract that it's like really you're up $16, and gold's gonna hold price today, that's what it looks like, but you only have 68,000 contracts traded, what should happen is that the, you're up $16, the gold contract should be doing about 190,000 contracts, you know, big numbers, if we go over to the dollar and we take a look at the dollar, dollar has followed true in the downside, bottom line down 291 ticks, you're at 101, 784, this basically sets up, you know, longer term, you have the dollar, you know, two or three months, you're down at 95, bottom line on a longer term basis, we've been in this consolidation since 2015, the bottom of the consolidation is approximately 22, I mean 82, the top it's 103, bottom line, couldn't bust them up, yes what, gonna try to bust them down, down, down industrials right now, down 77, Nasdaq is off 329, S&Ps off 50, come right back folks.