 The following is a presentation of T-F-N-N. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-445-1044. Now, Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Lewis. Any calls today are please give us a call and we'll be happy to answer any questions and I think it'll be a lot of fun. 877-927-6648. Now let's take a look at the first chart which is the German DAX. This is how we usually start today. You notice this is a 60 minute chart. Yesterday, we completed a major ABCD pattern over the past three days of trading from 12,460 down to 12,160, a perfect 61% retracement to 12,350 and a perfect ABC to the downside yesterday at 12,040. So as you can see, we had a nice little Gartley cell pattern this morning when we rallied up and hit that 61% retracement in ABCD format. So, and then we backed off again and stopped right at the 786. So this is going to be real interesting today. This one is really trying to hold support. Now the next one we always like to look at, of course, is the footsie and folks. First thing I do in the morning is listen to the news to see that the end of the world has not occurred and when I heard what CNN said about the new baby, the new royal baby, I was so shocked. I couldn't believe it. They brought some really nasty ethnic stuff on the air and I was just sick. But anyway, let's take a look at this. Get off the soapbox, Larry. Keep talking about the markets. If you'll notice here, this is that 60 minute footsie chart. We have the ABCD pattern. The retracement, of course, on this one was a 382. If you'll notice the last two days of action looks very, very similar to the German Dax boys and girls. Very, very similar. So it's going to be interesting to see what's going to happen. Now yesterday when we were on the show, I posted some charts. Hold on one second here. I posted some charts of the gaps that we have in the S&P and I wanted to bring those to your attention here so you'll be able to look at some of these for some maybe long term patterns where it might go. You'll notice the first gap that we're looking at is 2836. That's the very first gap down. And then if we take a quick look, just for little giggles and smiles, let's just look at the S&P here and you'll be able to see what I'm talking about one second and we'll get this up here. Here we go. Here's what I'm looking at in the S&P, what it's done over the past few days. Just give me a second here. You'll notice that we made that three drive to a bottom pattern on the seventh. We rallied up yesterday. It went exactly to the 382 of the whole move way back there from May 1. That was nothing more than a 382 retracement. That gives us an ABCD structure down to 2830. Folks, that is the gap right there. That gap is at 2830. Pay attention to this. It could be very, very interesting. One of the things that when I get on the show here, I have a lot of people here that have not studied the markets like I have and there's nothing wrong with that. I'm just saying that's what I do. They don't believe in the patterns that we have and the ratios and why they work. The thing is they don't work all the time and you have to remember that. If you'll remember folks, way back in late April, early May, Lyft came out. That's that new ride sharing IPO that came out. What we did was after the first week's action, we saw that there was an ABCD structure coming in at 53. Now, we had a strong rally into the 50% retracement. You can see that. That happened on May the 5th and that led to the ABCD down. That price level is 53. We're trading at 52 and change right now. Now, you notice it had two strong rallies. It had a rally from April 2nd into April 5th, which was $11. And it had a rally from the 26th of April all the way into the 7th of May, which was $8. And it couldn't even make any correction higher than a 3A2 of the high from March to 4th. That's a very bearish. One second, folks. Give me one second here. I had to call the police here in Tucson today to arrest the Palo Verde trees here in the area because, oh, my gosh, they really caused some bad allergies today. Now, you notice we had the 3A2 retracement that came in on the 7th. Oh, that was Tuesday. Now, look what's happened. We've come down and we've made the price objective of 52. That was the 1.618 expansion of that range that we just talked about. Now, what we're waiting for is this A-B-C-D pattern, as you can see here. That was Gartley's idea on page 222 of his book. He spent two full pages, page 221, page 222 of that book, and all he did was talk about the importance of that A-B-C-D pattern. And that's what I saw, and that's why I latched onto it. You don't have to be an Elliott Wave person to do anything like that, but it does help. Let's go back into history a little bit just to prove how some of these things work. Now, what I'm going to do is I'm going to show you the chart of, believe it or not, Facebook. Facebook came out at $45 a share way back in, what was it? It was a long time ago. That's all I remember. I think it was, well, it doesn't make any difference. Anyway, you'll notice it had the big A-B-C-D to the downside. Look at the first buy signal that you finally got in October for Facebook. Beautiful A-B-C-D right at the 78% with Tracewood, a very small one. And then if you waited another seven months, you could have got another A-B-C-D pattern that came in in June. And then, of course, the market went from $2.30 to $200 a share. So if you'll be like a doctor, folks, because when you're a trader, you have to be a doctor. You have to have lots of patience because you don't want to chase the markets. Stay away from those four fears. Wait for the pattern to complete. That gives you the risk control that you're waiting for. And when that happens, then you have something that you can actually hold your hat on and then you'll be able to do it. Thank you very much, Mr. Z. Facebook came out in May of 2012. Wow, that's seven years ago. What the front door and raise the rent. Anyway, we have another one today. I think Uber is going to be in the IPO and we'll watch to see how the patterns unfold. Anytime you get a stock that has more than 50,000 volume a day, you're going to see these patterns work. When I first started trading way back in, well, 1959, but in the early 60s, it was 1965. I think January of 66 when we had our first 5 million share day and we do that much in Intel in the first 20 or 30 minutes. So, you know, things have changed a bit. But anyway, that's what we're looking at. We're going to have to take a little break here, but because Bitcoin is in the news, I will bring the Bitcoin chart up again just to show you that these patterns work. That's the only reason I'm bringing Bitcoin to your attention is because it does give you a sense of pattern recognition. 877-927-6648. The TAS Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The TAS Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. 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We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Good morning, Larry. Good morning to you. I feel bad for you that the flora and the fauna out there in Tucson is getting to you. Oh, you should see these trees. They're beautiful, yellow, but oh my gosh, they drop these little tiny leaves and they're all over the house. They're all over the neighborhood. You can't get away from them, but they really attack me at times and so they hit me really bad this morning, but I'm still okay. What can I help you with, my friend? Larry, we're going to pull a Seinfeld character for you and create a bubble for you so you can be the modern day version of the Bubble Boy. John, do you know that I've never seen one episode of that show? And it was an award winner and stuff. I just never watched it. And I liked Jerry Seinfeld. I just didn't watch it. So go ahead, my friend. What can I help you with? Anyway, Larry, what I'd like to do is ask if you could assist me please with just ideas on the stock futures, the bomb and the July wheat. Specifically, Larry, on the E-mini S&P futures. Yes. Can you present areas, price levels that you'd be watching for potential turning point lows just on the very short term? Your work is very good at identifying those in advance and I'd like to just compare notes if we could, please. Sure, John. I'm looking at a 30-minute chart going back to the 1st of May when we topped out and then you can see the ABCD structures that have occurred since that time on Tuesday. We made a low at 28.65 and then that was the next important thing was during yesterday's action we rallied to a 3-8-2 retracement that came in right at that 28.96 level. We hit it twice, once late in the day, once earlier in the day and now the market has broken down. The last time I checked and the chart that I posted here was at 28.58. This sets up a low of 28.25. You can see the ABCD structure there. That also happens to be that gap that I talked about earlier this morning and I posted the chart here in the Tiger Den that the very first gap to be filled comes in at 28.20 in the E-mini S&P. So that's why I think that's where we're going and believe me that's not very far away. We're down quite a bit today but we could easily make that target today but the problem is, John, I think we've made some type of a monster major top. I've been talking about this for a few weeks but if we look at that E-mini chart on the weekly basis and I haven't updated it yet because it's got a big red bar to the downside, you're right, Marshall, it is a 3-drive to a bottom. Anyway, you'll see that that's what's happened here so I believe that that is a major top. I went through all my reasoning in the newsletter, of course, that you get. So that's what I'm seeing in the E-mini S&P futures at 28.30, 28.20 is that first area of support that I can see. Excellent, I appreciate that. I'm just looking at, I love your Cozevento Patterns software on Emsen with your FIP expansion levels too but those all coincide at that same area so I see that clearly. Moving on, I might ask you the same on the bond futures. The bond futures made a top up at that 150-20 area back late March and you would have highlighted many times how that's on a weekly chart was a terrific FIP 618 retracement mark. So now we're bouncing. We're somewhere between the 618 and 786 retracement. If we happen to repel this area and turn lower and say get under 146 which was a low just a couple of weeks ago if we get under that can you also just show how you'd identify target levels down there should we start proceeding in that direction please? Sure John, I posted the daily bond chart going over the past six well over a little over a year actually and this is a daily chart and it says that the price objective on this swing that we're looking at would take us to 144. That would be the next area. Now remember John we have that head and shoulders pattern setting there that occurred perfectly at the end of February when the market was trading at 143 I know you were very bullish bonds at that time. We had a perfect ABCD it was just right out of 382 and then the market went up stopped exactly at the 618 that you mentioned that was at 150 20 then we backed off of course and now we're in the midst of a little bit of a rally. I would not be surprised for the market to get possibly to 149 20 today that's about one full handle up for where we are right now. That's nothing more than the 78% retracement of that small range but it doesn't affect the targets at all still looking at 144 is what we're watching when we see this. So that's what I'm looking at. Okay I appreciate that. I'll just just to be prepared for today's action clearly the fact that bonds are firm is no surprise given the selling that we're seeing in the stock indices. Having said that we're right amidst the quarterly refunding which is the sale by the U.S. Treasury of 310 and 30 year paper. Today is the sale of the 30 year paper that those results come out at one o'clock. Yesterday was the sale of the 10 year paper that came out at one o'clock and yesterday at one o'clock the auction results that were I publicized released were poor and we had some selling and I just can't help but think I should be prepared for movements positive or negative after one o'clock today as that 30 year paper auction is results are released. Well the selling dissipated very quickly once we got down to that really strong support level at 147 and change it's right back to that near high again 148 28 so it's certainly taking bad news and stride I would think. Yeah excellent point. Lastly Larry I might ask you could you pull up your July Chicago wheat charts and share with us if you see anything in the pattern that suggests a bottom is already in place or not. Yes John we have a possible double bottom you'll notice that we had a bottom on the 11th of March and then we had another bottom on the 30th of April which was a very interesting perfect double bottom because you took out the previous lows by just a few cents and then you rallied bad back up and right now you've gone up and now you're retesting 61% retraces so that bottom is held so far but with these tariff things if they get really bad John the emotionalism of this could really push this down into bargain level so just be careful. Thanks so much Larry. Thanks for calling in John really appreciate it. 877 927 6648 This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone he sent out 25 charts, 6 videos and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try. Right now new subscribers can get a full 30 day money back guarantee with nothing to risk sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of TFNN.com under trading newsletters. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. 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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 Maria on the line from the Big Apple Are you there Maria? Hi how are you Larry? I am very good What can I do for you today? I'm sorry to interrupt you on the weeds if you want to finish the weeds for John from Philly. I don't mind and then I can ask you about oil You would like for me to go over weed again? Did you finish? Okay I was not sure So if you have done then if you don't mind looking at oil that would be wonderful. Okay I posted the four hour chart of the Tiger Den you'll notice that we topped on the 23rd of April and then we made that 135 pattern that we like I know you're familiar with that where each of the lower lows is telling you that the market has at least started to head down we're trading around 61-60 this morning so the market did back off from that level quite a bit but it hasn't really gone anywhere we're in a really tight triangle right now any move above 62-90 will take you up to probably 64-50 but right now the trend is down and I have to look at this from the short side that's what I'm seeing at least early this morning. Okay Thank you very much because I was trying to play a long as just as long as as long as okay because you completed that ABCD pattern on the 5th perfectly that was a great buy signal and we rallied up exactly to the 61% retracement of the May 20 the April 29 high so you're right that that certainly it is still bullish yes. Okay Thank you so much Larry. Okay thanks for calling I will Thank you very much and Sarah says hello. Okay all right folks let's move on here and we will try to keep an eye on a couple other things that we're watching here folks so one of the questions that oh it's from our good friend Bill Meridian was going to try to be on today but he's not able to do that but he's kind enough to furnish this with a couple of charts here's the first one that he's talking about if you'll notice here this is Bill Meridian from Cycles Research's chart you'll see the S&P 500 index going over the last year and a half he's looking at that big double top in there and as you can see he's looking at that blue line there that I believe is the I think it's a 200 day moving average but you'll know that it comes in right around 2750 but that double top there is very very important so I think that is something similar to what we were watching when we were looking at the Dow Jones and also the Nasdaq and also the New York Stock Exchange index which was the biggest one of them all and it was also lagging very very badly had non-confirmation and at the same time if you remember we were looking at the situation in the Dow Jones transportation making a head and shoulders pattern all those patterns have pretty much proven to you that they are working so far and the key word there boys and girls is so far now the next chart that Bill has sent to us is very interesting because you're going to see some cycle work that he was talking about in the year where they say sell in May and go away but this is a composite cycle you'll notice that we should have been topping sometime in April looks like we topped on May 1st and that gives us a negative bias for quite some time if that is correct now remember these patterns sometimes fail and when they fail they fail badly so keep that in mind but these are just some of the things that we're looking at here this morning again of what we're watching to see if that's going to be the case okay now the one thing that I would like to mention to you is the the gold market I wanted to cover that just a little bit because we had a real interesting situation in the gold yesterday I want to get this to your attention we were thinking we were going to back off early in the week but what happened was we went right up that area and notice we have above $12.93 which suggests higher prices folks we got to $12.92.70 yesterday and immediately dropped $13 we're still about $10 lower than that price right now that still sets up that possibility of $12.56 and that's not very far away that's only $25 away and in these markets $25 could happen in a heartbeat so that's what we're looking at here in the gold and of course Silver is lagging badly Platinum has lagged very badly and so we'll see oh yes tomorrow is risk free Friday every day is risk free if you use a stop because that's what keeps you in the game boys and girls one second please wow I can't even breathe at all hold on one second let's get this Platinum chart up here so that you can see what it looks like because it's if I can find it and I think I can I think I can we're trading considerably below where we we're on Friday that's telling us this market still wants to go a little bit lower I think we can get all the way down to $810 in the Platinum on a really bad day if things really start to you know get totally out of control all right all right now some we have a question about the fang stocks I'll try to do these quickly so that we'll be able to see them this is the Apple all making you know major Fibonacci levels as you can see here in the Apple we had that big gap up with the earnings it stopped exactly at the 78% level to the tick which was a two 15 and change and we're trading below that right now so that one is certainly completed its pattern the next one we want to take a look at of course would be the Facebook here again Facebook did exactly the same thing made exact 78% level at $199 and we're trading below that right now so that's also verifying that that was some type of a major cycle high if we move to the next one which is Amazon we'll get it up here Amazon was a tiny bit different you'll notice that it just made the big ABCD pattern the the retracement came on our early February and then we went straight up to that ABCD pattern at 19 1970 I believe was the high so all of those were telling us that they are completed patterns finally if we take a look at the Google we'll just get this up here and Google is a little different because it did make a new high you can see that and then right after we made the new new high look what happened the earnings came out and it had a slight correction about 10% in one day and we were waiting for a 382 retracement at that 1205 level whether we get that or not we'll have to wait and see but that's neither here nor there so hold on one second and we'll get the last one which will be the old flickerino Netflix and you'll notice this was still a relatively strong stock and the one thing you've got to remember about this Netflix stock folks is if you'll look at the time in January where I've got that arrow in there that was the day the Dow was down over 600 points I believe that was around the 4th or 5th of January and on that day with the Dow Jones down that much Google was up whenever you see that folks if you happen to be short of stock and the market is really short of stock and that stock is going up in other words it's the reverse of what you think in other words if you have to ask yourself why can Netflix be up on a day where the Dow is down 600 points the answer is somebody has an idea that it wants to go higher then you can see when the market turned what happened Netflix gapped up and it ran $100 a share so you've got to pay attention to how the market reacts to these news you don't have to read the news you don't have to act to it 877-927-6648 if you are in the cd market and looking for a secure investment the Tiger First mortgage program may work for you the security for these first 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$1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX the Dollar, Bonds, South African Rand as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade investors get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by, sign up today will the S&P 500 continue to climb for bold trades on U.S. large cap stocks in either direction, trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective risks, charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC the bull bear binary option hour next on TFNN okay folks the next one we're going to look at is Bitcoin we've had several requests the high that we made back in August was at 8400 we then broke down to 3000 remember the ABCD structure going back to the high at 20,000 in January of last year the ABCD structure that measured to 3800 I mean that's 700 points off but that's pretty close and then we went sideways we made a beautiful guardly pattern down there at 3500 we're trading above 6000 now the 6000 is very important because there was a whole bunch of numbers coming in at 5800 and we went through that like it didn't even exist that's really important now we're waiting well we're not really trading the stock we're just showing you what we're seeing here but we're waiting for a 382 retracement now to see how the markets going to react when we get that the ideal situation and you're always get ideal but if you were to get an ABCD structure right into 382 that would be your first guardly bi-pattern since the one that we had you know in the mid-January so that's what you're watching this would be the same if you were watching soybeans or anything else now with the news of this trade tariff thing getting more and more and they're supposed to slap on some more tomorrow my guess is this is a giant chess match going and how it's going to turn turn out we really don't know but it's going to be pretty active and it'll give you some really great buying opportunities also so just keep a close eye on that that'll be what looks you know very very interesting one of the questions that someone asked me is I'm still bullish on gold yes I am still bullish on gold because I still believe we got a chance to get down to that 1255 level that would wipe everybody out that's on the short side or on the long side because they think that that head and shoulders pattern has failed but actually that's the lower end of the range silver at that price level of 1440 folks if I and I will mention this I've told folks if you're interested in buying silver when we get down to that 1440 which I think we've got a chance we're at 1480 and change today but that's only 40 cents away if we get down there that would really be an interesting place to buy some silver rounds you know those beautiful silver rounds that they have you could also buy silver dollars always when you're going to buy silver folks always buy it in coring format buy the coins the reason why they're easily identifiable they do not have to be assayed because everybody knows that they're 90% silver they know the weight of the coins if you own silver bars they've got to be assayed before someone's going to you know pay you the money for and that's a pain in the kabuki and it's also a huge margin spread that they gain on you so buy the coins if you want to buy silver that's the thing to buy it's like a little tiny gold bar and the little stamps that they have on all those coins tells you exactly what it's worth and how much time has gone into it notice a double top that we made there in silver back in January in February we made a higher high in February than we did in January by a half a cent folks and after that the market has continued to go down I still think we've got a chance at 1440 maybe it'll be post the this news of the tariffs you know I frankly don't expect anything good to come out of these talks if they're having now the reason is is you know it just doesn't feel right and it's all of your frustrations and life folks come from unfulfilled expectations that's Tony Robbins and that's true and so just because it doesn't get there I'm not going to be concerned about that it's just another situation where I thought the market was going to do something and the market decided to do it themselves so let's let's keep in mind that those are the things that we're watching let's take a quick look here at what the markets are doing we still should we're down to 2849 now what I will do today folks I'm just going to since I'm in a little tragic mood here here was what was happening in Europe last night when you guys were asleep here on the S&P was trading if you notice that red line that was the AI artificial intelligence program that I use neural net you'll see that it fell followed relatively nicely you know we made a bottom down there about 345 in the morning and we rallied 10 handles and then you know we're coming down but remember I'm going to give you what I think it would happen today but but remember these they're only times there nothing to do with price so if you look at the time here we'll get this up here so you folks can take a look at it at around 1145 which is in about 2 hours we should get a pretty good bounce and then that should be an hour and then in the last hour trading is going to be very very active folks so the key times today are 1145 and 1245 that one hour time frame is going to be the key if we're rallying strongly between 1245 and 1145 and 1245 into 1245 that would be the sign that it's most probably making a short sale and getting ready to go lower the numbers on the we're trading 849 last night you're only 20 handles away from that gap area which is 2830 folks we could do that easily so just sort of keep an eye on that it's a very very important one to look at so any other questions you might have I could use some help today folks because I cannot breathe at all and I'm struggling here and let's just move on oh here's a good one I really like this one here folks here's forward exchange that we've been waiting on just post this what we're looking at here this is this Japanese in we had that double top at the 78 percent level it really looks like it's ready to get to an area that should make some really nice nice moves here hope one second here because we've hit that 382 level this morning folks I'll bring it to your attention here so you can see it a little bit easier and you'll notice that once I get this thing working right and there we are we hit that this morning we took out the previous months old March by just a little bit a few ticks and we're sitting there that appears to be a 382 retracement in the end so it's pretty good Marshall's asking about the dollar index thank you Marshall will do that for you do anything for Marshall here is the weekly chart of the dollar index folks we made a three drive to a top pattern up there at that 9820 level that was perfect stopped right on the money and now we're backing off it looks to me like the euro wants to rally and the dollar index wants to top that's what it looks like okay I think that's about it well we could look at the euro because I still think the euro is trying to make some type of a bottom here but it could easily the euro could easily melt down also so any move below what the loss of harassment 111 10 any move below that 111 10 would probably propel us down to the 109 to 105 level with those are longer terms they got to break down substantially right now that dollar index is holding up together that Australian dollar looks very good folks if you remember we recommended that Australian dollar when it was completing that ABCD pattern up there at that 72 level we're now breaking down again and we're getting ready to move a little bit higher yeah the VIX at 23 that's you know you gotta have some VIX because we're gonna start seeing increased volatility across a lot of these markets that's for sure 877 976648 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 Bazel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Bazel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Bazel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a 2 week free trial to the opening call Bazel's daily trading newsletter TFNN.com cancel at any time during that trial and pay absolutely nothing get your 2 week free trial to Bazel's newsletter the opening call today by visiting TFNN.com This segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com Okay folks pay attention to this Euro folks because if it gets above 112.50 negative sign for the negative sign for the US and as we said just a little while ago we have made a 3 drive to a top pattern exactly at the 61% retracement in the dollar index we made a higher high than last week by only 20 cents in the dollar index that's not very much power and then it rolled over from the exact number that's what we're paying very very close attention to anyway the next one that we need to talk briefly about of course is the green markets folks I would not get involved with the green markets until they finish this thing with the tariffs I mean the market is so oversold and believe me when it rally is going to rally like you you won't believe because there's so many shorts out there when they try to come through the door at the same time my guess is they're not going to make it now whether it'll be in an economic event or not I don't really know so those are just a few things that we're watching because we are making new lows now in beans and I'm expecting a little bit lower lower then we'll see if the market does turn around and give us some place to buy but right now we don't see that at all one of the things that we are watching very very closely comes from our friend Rich Anderson and here are some of the things that Rich is watching along with Simon Lee and Sylvia's financial they're watching for this happens to be the wheat market and we're looking at that double bottom there but you see the divergence there where we have a higher RSI number so sometimes that can be it remember folks live every day in an attitude of gratitude and may God bless