 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good, Billy Ray, feeling good, Lewis. First things first, folks. You know, my favorite hobby is playing poker and I have to tell you what happened last night. Every, the first or last Friday of the month our casino down here, the casino, Desert Diamond Casino, they have a special promotion, football, Monday Night Football. Every time somebody scores, they add $100 to the pot for the next hand which is a big deal. So anything, the one thing that I did, I'll hold on a second now, something's beeping and I wanna turn it off just a second here. Hold on just a minute. Anyway, so there's nine players, okay, everybody gets two cards, it's called Texas Hold'em. It's a limit game, it's $4 and $8 bets. And when you flash $100, everybody plays. You've got nine people playing and I have, I'm on the button, I'm the last person to act and I have a four or five of clubs and by the time it gets around to me, it's $16 to call. Well, I got $16 of my own money in there plus $100 of everybody else on $100 pots, it's over $200. So with the four or five of clubs, it's not a great hand but it's okay. But the flop comes, ace of clubs, deuce of clubs, nine of hearts. And let me tell you, one guy has three, he has a pair of aces, so he has three aces. Somebody's got three deuces and the guy has three nines. That is just absolutely unbelievable to think that. So by the time it gets around to me, it's a maximum bet I'm in for another $24, okay? So the turn comes and it happened, the only card that I need is a three and the three comes up and it's the three of diamonds, okay? So now I have the wheel, which is the best hand. I can beat the aces, I can beat three of a kind. The only thing that hurts me is if the board pairs or a big club comes up, then I've lost. So the turn comes, the last card and it's the three of clubs and that gives me a straight flush to the wheel an absolutely unbeatable hand. It gives somebody, believe it or not, had caught two threes for four threes. He was in second place, aces full of threes was in third place and nines full of threes was in second, fourth place. I won in that pot folks, $680 in the pot. That's the biggest pot we've ever had in that casino since they opened 30 some years ago. They took a picture of it, chips were so high that it took about 20 minutes to stack them in racks so that I could get it and I gave the dealer a hundred bucks and I gave the service girls $50 each and I took $460 home and went to the nearest bar and drank most of it up, which is not true. But anyway, that was the excitement of my hand and it was reason why I liked to play but it was the best hand I've had in, oh dear, five, six years, but I mean, it wasn't a lot of money but it was very, very exciting. It's about odds, you know, because I had a good chance and it turned out to be okay. All right, let's take a look here. I'm showing you the S and P 500 boys and girls. If you like A, B, C, D and we do, you can see the A, a B, a C and a D has been hit at 42.17 in the cash. The low today in the cash has been 42, where is it at? 40, no, the low today has been 42.17 in the cash. So it went below it by about 50 cents. It's now trading at 42.7. The number we were looking for in the S and P was 43.16. I think we've been to 43.20. I haven't checked recently, but that's what I think has happened. I don't know the answer to that, but I'm thinking of that's the way it might happen. But let's look at this because we've been watching for this for some period of time. Now, one of the things we're looking, we just looked at price. Now, let's just look at time from the highs down to the low. You're gonna take your high price here and you're gonna go over to your low price here and you see it was 16 days down. You see that right there? Move that right there. I think it's 16 days. Yeah, I think it's 16. Yeah, 17 days down. So it was 17 days down in the A, B legs. All we're gonna do now is we're going to take that same little tool and we're gonna move it over to the high right here. Okay. And it's coming in and look where the 17th day is today, boys and girls. That's a squaring of price and time taught by WDGAN for a lot of money way back in the 1930s, 40s, 50s. Okay. So we should start to get a rally here. The problem is, is that if we close below these numbers today in this right here below 43, 16 in the S&P and below this number right here in the cash, you don't wanna know what's gonna happen because it's gonna be nasty. And I will tell you a minimum, the minimum number will be down at least another 80 points and in the cash down here at 416. Okay. And that's not a good sign, folks. That's that if it does, I do not believe that's going to happen because it's set up so beautifully that it's just exactly what you like to see. Now let's just take a quick look and we'll get up to the old stop and pee here for a minute and see if we can get the number here. I haven't seen it for a long time. Where is it? Golly, gee, what happened to my S&P? Oh, here it is, here it is. We've got it right here. All right, let's get it up here. The low has been, in fact, the low has only been a 43, 20. 43, 22, a 43, 21, 75 was a low. Okay, there it is right there. Now you'll remember, one of the things that I always talk about is when you have a strong trending market is to watch for that. Yes, Johnny, I see your placard is up there. We're gonna go through it one more time for our folks. Here's where we were. You can see first rally back right here, exactly at the 382. Okay, that's one. And all we're gonna do is erase that and go to the next rally. Comes right up to 43 right there. There's a perfect 382 right here. A perfect 382 right here. That tells us, right, that this market is still going down. We've got a lower low. Okay, so what we have to do is we've got to start from scratch. So we'll just take this out because this is gonna tell you whether the trend has changed or not. My opinion, of course, this is all based on hypothetical stuff that sometimes works, sometimes doesn't. But there is a number that you wanna watch. And this is the key right here. There is a number right there at 43, 39. Now that is so important. This is all my, you know, what I think is going on, but hell, I don't know. And hell's not a bad word because everybody visited some time or another. All right, we got this here. Now look what else we got. We also have a nice A, B, C, D coming here right now. Folks, if we can start to get above here, if we can start to get above here, then the shorts are gonna say, uh-oh, something might be happening here that might be crazy. There's one other thing that's happened here just in the last 10, 15 minutes. You'll see here, we have a left shoulder. We have a head and we have a right shoulder. And I'm gonna draw it through just so you'll be able to see it from your, there you are right here. You see that there's your left shoulder, there's your right shoulder. The right shoulder is slightly higher than the left shoulder, which Andrew Lose said that was a good deal. The whole ball game is right here, folks. Right there, that's the ball game. So we started getting above here. You do not wanna be short if it gets above this 43-42 level, because that tells you this major bottom here with this little pattern. Looks pretty good to me, and I don't know much. But anyway, let's pay attention to that. We'll be right back, 877-927-6648. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, educating investors. 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. Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. Eastern Time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. TFNN, educating investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, I've posted the chart of the Treasury bonds. It's all over the news that Treasury bonds are going lower. I don't know where those folks have been for the last two and a half years, but they've been going down for that long. You'll notice here we're starting to accelerate now to the downside. Remember our target on this is 106, we're 114 right now. If we look at this closely, all I'm going to do now is we should have some really strong support coming in here really closely here down here. There's a 114, and then there's one more that is down here that could be really interesting too, down here at 113 and change, actually exactly 113. So keep an eye on another point and a half lower here in bonds. We might get a really good rally from that level. The reason why I say that, if you look at the daily, okay, you look at the daily, you'll see that this is where we are right now. You see we're below the 1.618 of this whole move right now. This is really nasty, folks. I mean, stop and think here, look where we are. This might be it. I might be able to hold this today, but it doesn't look like it. So far the low has been 114, 15. I don't think that's going to hold, but somewhere around this ballpark right here, we should start finding a little bit of a downdraft. The reason why is we're down, well, actually we had these little tiny updates here. This was a 382 right here. If you'll remember, effect is we'll just draw it in right now. And you'll see from high to the low, you'll see there was your 382 right there. And then you had another 382 right here. Remember, this is a daily, so it took two days for these to form. And there was the other 382, almost made to 50%. And now we're, we've been heading down sharply for one, two, three, four, five, six, seven, eight, nine, 10, 11 days. 11 days is a outlier event. So anything past eight, of course, it can go anywhere. And that's exactly what it's doing. The last time we had a big run down was one, two, three, four, five, six, seven, eight days down. Now we're 11 days down. So we could easily, no, not 11. One, two, three, four, five, six, seven, eight, nine, 10. 10 days down. So we should be looking for a bottom in here, but folks, all you wanna see on the bottom is you're gonna get a little bit of a bounce like this. It could be as much as three points, but this market is, doesn't have any friends. And I'll post it one more time. This is where we're headed, folks, right there, down here around this level right here, about between 106, this 111 might stop it because that's a long-term weekly. Yeah, 112, that's only two points away. So I'd look at this maybe at 112, but this is where we're going 106. I mean, that's what it appears to be going to. I don't know if that's gonna mean very much or not, but that's what it's looking like as we look at these markets here. Today, let's go here and take a look here now at the Dow Jones E-mini here. I guess I'll, yeah, here it is. Here's the Dow Jones E-mini. Let's get this up and then we'll switch over to the gold. Here is the four-hour chart on the Dow Jones E-mini. Remember, we said this will have a 33 handle. We've now at 33, 967 here has been our low today. And let's just look at it. This is a four-hour chart. So we haven't made the ABCD. That's all the way down to 33.5. That's another 300 points, 400 points lower in the Dow. That means the S&P's got to fail big time for that to happen. So the only other thing that we have to look at on this Dow Jones, remember that's only 30 stocks and it's only 15 of those because those are the ones that are the expensive ones. If we go from the low to the last high swing, you'll see that we're below that. So the only other, this looks like where it wants to go folks right in here, but it hasn't changed much. And if we look at it here, we're gonna go to an hourly. All I'm trying to do is see if there's anything here that would help us say, yes, maybe this could be a bottom. And I see something right now that could tell us that we could be at this bottom and we're close. Now this is over between yesterday and today. This is the whole action through right here. There's a few things we can take a look at. Gonna do them one at a time here. First of all, we've got this big one right here. There's AB right there. There's CD right there. Stop, 3907. The load today was 3905. So that ought to be it for that one. And then we also have this one right here. There's your ABCD pattern right here and 3916. So that should have been the low going below here. Not good. So, you know, start breaking below here folks. It's gonna be really nasty. So that's pretty much it. I recommended everybody that was listening to us about possible targets down there is if you're short today's the day you wanna start covering because it hits your profit objective. Yeah, it might go a lot lower, but you gotta go with the trading gods and there's what was his name? Louis Pasteur said, chance favors the prepared mind. And so you wanna be prepared when your targets are ready, be steady and just do what you're supposed to be doing. And that's what you wanna be watching. Okay folks, so that's what we're watching in that one. Now let's take a quick look since we're doing this between us here folks, we'll just get up here. We'll take a look at the NASDAQ. Had several questions about this anyway, but we'll get it answered here. All right, we'll get the NASDAQ up so we can see it. Oh, look at the three drive in the NASDAQ, son of a gun. Boy, we got a nice one right here. Yep, there's a three drive in the NASDAQ too. There it is right there. That's a perfect three drive pattern. It's below the 1618, but that is low this up here. And that's over a five day period. We'll look at it two ways. We'll look at it on the four hour and then we'll look at it on the, well, four hours good enough. Yep, this is a perfect three drive folks. You'll see it right here. Drive ones right there, drive twos right there. And there's where we are right in here. All we want to do is to validate to see if the ratios are correct, ABCD, hit it right on the money pretty much. So it's holding its own, hasn't done anything. That's it. The key to this whole thing folks is that S&P that we looked at just a little while ago. I've got it here somewhere. Can't find it now, not to worry about it. Let's get this out of the way and move these out of the way so I can get the gold up because we want to talk about the gold. We broke the 20 level. Today we got down as low as 18. Hold on, get that. You'll see here that there's our number down here is at 13. We'll get it. There's our price objective coming in right here at between 10 and 13. There was our 382 retracement right here. There's, you can see where we are. There's the 382 retracement right here off of that move. And that means that this ABCD pattern is really close to being completed here in the gold. There's your AB leg right there. There's your CD leg coming in there at 13, 19, 13. We hit 1918 and we're moving down. As you can see, we are still moving down. So that's what we're paying attention to here today in the gold market. So I hope the ABC stuff doesn't drive you crazy because it's boring as heck. But you know, boring can be fun. And that's why you got to like it, you know? That's basically the bottom line of what we're watching here as we see some of this stuff unfold. I like it, you know, doesn't always work, but my golly have been doing it a long time and seems to work some of the time. And that's the whole key to it. You know what we should do here? Since we're on this gold market, we ought to blow this up a little bit and see if we can see some of our old friends knowing as 382 here. Okay, so we have a breakdown here. Now we're going to see what the first rally is back. We go from the high down to the low and misses that one by a dollar. And then we break again. And we have it from this high here. This one worked because I can see it's closer to 50%. Oh, right on 382 right there. And here's where we're going. Let's take a break. 877-927-6648. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai gold exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. 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. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. 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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, S&Ps start selling off again. Looks like it's getting ready to get down and hit that 43, 16 level. But let's take a quick look at this gold market one more time. Okay, here's where we are. I think everybody can see this. There was our last three-eight true retracement that leads to another pattern known as the AB equals CD. You know, folks, I just don't understand. And there's our price objective down here between 1915 and 1913. I'm gonna be doing it around 1916. That's $4 from where we are right now. And I think that's what I'm recommended anyway. So anybody that might still be sure, you see, we've got, okay, stands coming on, stands not due, not stands not due until tomorrow. Hold on just a minute, boys and girls. I thought for sure he was coming on tomorrow. Wait a minute. Yeah, tomorrow is Stan, okay? Yeah, Stan is tomorrow, tomorrow. Manana, manana. Thank you, Al. Thank you very much. Okay, let's get back up here to take a look at this. So here's where we are in the gold. This is the 4R chart. This is gonna give you the 13 level. You'll see there's your AB leg right here. There's your CD leg right here. And there's your number coming in there. It says it's at 1910. I don't know where I get 1913. I think, oh, this is at the 1.618 level, but that's where I'd be, that's where I would be looking. Oh, I know where it is. Shut the front door, Larry, raise the rent. It's right here. There's your A right here. A, B, C, D, that's 910. By county where I come up at 913. Old age, I guess. Anyway, this is where it's going right here, folks. Right around 910. I look only $9 away and we've already dropped 17 today. So between yesterday and today. So that's most probably where we're heading. And I think that will be a good place to take a look at it from the long side. We move it over just a tiny bit here. Uh-oh, man. Man, there's, whoa, hold of horses, folks. Oh my goodness, this is major stuff. Wow. Well, man, I'll tell you, if this don't hold at this level, shut the front door and raise the rent because you'll be looking at something in gold that we've been saying for a long time and that it'll get below that 1,900 level down there at around 1870 something, 1881. Wow. Well, 1881 is not far. That's only $30 away, so we could easily make that. So I'm still recommending to get out at 1913, I think was the number I said on the video that we were looking at last night because we were watching it heading down towards that level right now. Now I did have a question from Jeff in New Jersey and I wanted to cover that right now. So let me get up here to the Euro. Where is the Euro? Euro, Euro, everywhere. Shucks, hold on here. This might be it. Hold one second here. Shut the front door and raise the rent. Hold on just a minute. Okay, Jeff is on the line. Jeff, are you there? Yes, hi, Larry, how are you? I'm very good. Now you had a question about Lori and how she traded the Euro, okay? Yeah, I had a few questions. Okay, why don't you fire away with the first? Yeah, let's just go ahead and tell me what your first question was and I'll see if I can help answer it for you and I'll clean all this out so we can start from scratch. So go right ahead. Okay, great, thanks. So you had said that she was trading the ABCD. I just wanted to make sure that I understood exactly what you meant by the ABCD. So the first question, my understanding of the ABCD is that you wait as a trader, you wait, don't enter any, you don't try to go for the D, like you don't put a trade on waiting for the D to get hit, you wait for the D to get hit and the Ds are the AB equals CD. So you wait for that and then when it hits the D point, you fade it by placing an order with a target that is 0.618 of the A to D range. Is that what she did? Yes, that's correct. Okay, and then as far as the stop, did she place the stop in order to get a three to one risk-reward ratio? She used a standard stop of 30 pips, which was $300. She just used a standard stop because she was looking at 15-minute charts and sometimes five-minute charts to find one. First thing she did, Jeff, is she found out whether the market was, let's just look at this here. This is where we are here. You can see the euro's been going down for quite a while, right? You can see it's been in a downtrend. I posted it here. So first thing she would do would be look, when she got up in the morning, first thing she'd be looking for would be an A, B, C, D in the counter-trend. In other words, it'd be a lower high. So you can see there's a lower high right here. Now, we weren't doing three eight twos at that time, but she would have drawn a line from your loader high and she would have seen that there's an A, B, C, D here. So she would be looking to be a seller right there and risking 30 pips and her profit objective would be 30 pips and that would have been hit down in here somewhere. Okay, so her profit objective was also 30 pips. Profit objective was always 30 pips. That's what she would be looking for. But she was always looking for the trend and then if the market was really volatile, like way up and way down on that day, she might not trade that day. She wanted to trade in the direction of the trend. She would always try, you can just look at this euro's been going down for a long time, right? But see during this time right here, see the euro's been going up. So she'd be looking for A, B, C, Ds to be a buyer. See, that's what she, there's one right here. See the A, B, C, D, she would be, right? Here's another one, A, B, C, D, okay? Then it goes up here, but then there's nothing through here. Well, there's a little tiny one, but that would be too small for her probably. And then some of them she would just flat out miss. But once the trend started up, she would look for A, B, C, Ds to the, just like this one, A, B, C, D right here. A, B, C, D right here, those are, and there's one almost every day. So that's what she was looking for. Okay, and I guess 30 pips is the harmonic for the euro? At that, yeah, it still is. Yeah, it's still pretty close. It does pretty good. It's a low risk trade. And unless everything had to be set up the way she liked it, and she knew to be afraid of those really wide ranging bars if you have one of those. So that's what she was doing, you know? Okay, and did I understand she also traded corn? She did trade corn. I don't know how many years she traded corn, but she did trade corn, and she looked for the same thing in corn as she looked at in the euro. And what was the harmonic for corn? At that time, it's still the same. It was eight cents. Eight cents, okay. So she would risk eight cents to make eight cents. Right, risk eight cents and make eight cents. Yes, sir. Okay, and is there any other traits in her trading that made her better than your average student? No. Or is it ABCD? No, she kept it as simple as possible, and that's what she did, yeah. Okay, okay, great. Well, those are all the details. That's what I was looking for. I appreciate that very much. Thanks for sharing that. It's my pleasure to call in any time. Be happy to help you if I can, okay? Okay, thank you. Okay, thank you. Okay, folks, since we're talking to Jeff, we're making new lows now. You can see here in the Dow Jones, we're breaking down, making new lows, not a good sign. We're also hitting our number here in the E-mini S&P. Let's see if the cash is making new lows. Yep, the cash is not making new lows yet, but it's a little bit behind. Hold on, let me get the S&P here. We'll be right back, hold on just a second. 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. 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Okay, folks, we're really close to that 43.16 here. We're gonna go through looking at the cash here for just a second, but I have to, someone asked a question during the break. Did I ever consider playing poker professionally and it took me five minutes to stop laughing? No, folks. I mean, I'm just a tiny bit, tiny, tiny, tiny bit above average. I play low limit. I make a little bit of money, not very much. I lose some, win some, but I make a tiny bit. I keep records and I mean, it's a nice hobby, but yeah, I've had some big wins. I haven't had any big losses, but overall, you know, I make a few bucks. I mean, really nothing. I could never play professionally. The reason why I know that I played in the World Series a couple of times by winning a satellite, you know, you put up 50 bucks and you get to play in a $10,000 tournament and stuff. And each time I played, I played against a couple of professionals. And I was playing against TJ Cloutier from Texas who's now retired. He was a great poker player, but a terrible craps player and he lost all his money shooting craps. And so he's retired now. He's about a year older than me, but I sat with him on one particular table during one of the tournaments and we became friends. And he was sitting right next to me and he knew exactly the cards that I had. I mean, he was telling me, you know, when I would fold, he said, oh, you had the King Jack suited, huh? And I'd say, how do you know that? And he would smile. But he just, he could tell by the betting, it's called a tell that you work a certain way and that's pretty much it. We just hit 416.75 here in the S&P. That was our target. Remember looking at this on the daily, I believe that was, now the trouble is it's this doggone stupid thing from the, I've got to change this folks. So bear with me here just a second here. I got to come up here and change this to the December contract. Otherwise you don't get to see the same thing that you really need to be looking at. And here's where we are. We're down here almost right now where we are. And if we put up the ABCD, and this is the December contract from when it was started trading a long, long time ago. There it is on the daily. And there's our number right here, 4, 3, 1, 6. That's the number, that's the ABCD. Today's the day that it's, and I put here below 4,300 is not good. I mean, really super, like no good. I mean, not good. But remember we counted those days, the days down. That's AB equals CD. Folks, if this were upside down at the top, I'd jump all over like a man trying to find a cheap suit. That's what I'd tell you if we'd be looking at. So now that we're here, we're hitting the number right here. Here's what I usually do. I'm going to go back to the cash market. Where are you cash market? I put you here. Here's where we are right now. And we should be getting ready to make a new low in cash. Let's just get this up here. This is the daily, okay? What I'm going to do now is I'm going to go to the daily. Now this is delayed a little bit, okay? 15 minutes, but it's going to be close. Here's, let's just get the 15 minute chart up. There's where we are right now. Okay, there was the low right here before. So I'm looking for it. This is the number. We're right down in this area of the number. We could easily, remember looking at this on a 15 minute chart, we could easily go, you know, a little bit lower down in here to make the low, but I really think we're close to a bottom in here, folks. There's the low right now. Now we haven't taken it out, but the trouble is this is 15 minutes delayed and we could be making it easy. But watch this number. It's a really powerful, well, what am I talking about? I don't know if it's a powerful number or not. May or may not be. I really don't know the answer to that. So anyway, let's just, let's keep that in mind as we start to look at some of this stuff, okay? Also, regarding the, when Lori was trading, I'll bring up the corn here. I'll show you the same thing that she would look for in corn. This is like a 30 minute chart here in corn and she would do the same thing in corn that she would do. She would, looking at chart like this today, she would be looking and say, I can see very clearly, there's an A, B, C, D pattern right there. And so she'd be looking to be a buyer of corn when it got down to this level right here, okay? And that's what she would be looking for. And then she would wait for the next pattern that she would find through here to see if there's another one in here. There's another little A, B, C, D right here. That's what she would be watching for in the corn market. And corn trades very easily. This is 67, that's a $1,500, $700 move up to that level. So it's, and it's doing the same thing. Here's one that she would have been doing today for absolute certainty. And that's this one right here. There's your A, B leg right here. There's your C, D leg coming in here. She would have been buyer of corn right in here with her stop down in here somewhere, risking eight cents. So she would buying at 78, it's 79 now. So she's still in it. Her stop would probably be right below here. She'd be risking about 30, you know, three or four cents. So that's what she basically did. And it was pretty good at it. And a simple A, B, C, D, that's all she was looking at. She did 30 and 15 minute charts. And those are the ones that got her to the promised land. If you look at this on a 15 minute basis, you can see pretty much the same patterns that we were looking at before. There's a couple here you can see easier. If you're doing 15 minutes, which is okay, but remember if you're doing 15 minutes, you've gotta look at some of these other patterns that are here because if you look at this, you can see the A, B, C, D pattern right here. There's your A, B leg right here. Okay, there's your C, D leg coming in. That's this one right here. So that means you've got another A, B, C, D here from A, B, C, D, and that takes you down to this level right in here. So that's what it was looking for. Then you got another A, B, C, D. If you remember any of the videos that I do when I do the day trading thing, I always talk about the work that Mandelbrot did with A, B, C, D folks, because everything that happens is A, B, C, D. If you were to take this, we're gonna do it right now, we're gonna go down to a tick chart and I'll show you what I mean. Where is the tick, where's the T at? They always have the T in here. Oh, maybe I'll have to use a one minute. Oh, why don't they have a tick chart up here? They always used to have a tick chart. Shut the front door. Here's a one minute. And now you can see small A, B, C, Ds all the way through here. See these little tiny, that's all the market's ever doing is A, B, C, D. The whole thing. It's all these little tiny A, B, C, Ds and all you're looking at them is a little bit perspective of the ones here. Okay, and close. Hey, here's one. Do you remember yesterday, folks, how much I love this stuff right here? This was the day, let's get this daily up because this didn't work. You lost 180. We were trying to buy it right here at 40. I said you risk 30 points, which was $180 and it broke really badly. You'll see here, get the five, four minute up. You see, had a huge break to the downside. You see, this is where you had been buying it. Well, you had been stopped out right here because see, there was the 40 that we were trying to buy it at was right here. Rolled up and then, of course, we had our stop right there. Got stopped out, then it went up here, then all the way down and then look where it's at now. Went all the way back up. So that's a $600 move here on the way up. But by golly, certainly wasn't involved at that. That was a losing trade and it just moved on from that one, okay? Now get back here to the Euro one more time here and see where we are because we're gonna get a bottom in the Euro here somewhere but I'm not sure it's gonna be in my lifetime. Here's where we are on the, all the smaller timeframe and let's just move to see where we are here. One of our favorite things to do is to watch for 3-8-2s. So we had a high here. You put this in right here. Got lucky, I wonder if that one worked. Okay, do you see what I mean, folks? These little things pop up, you pay attention to them and that tells us that the Euro is heading down even farther and that farther is going to be as they say in the trade. Hold the placard up, Johnny. AB equals CD as Mark would say and tomorrow would have been Mark's birthday. He would have been 75, son of a gun. Sure, Mr. Dude, sure, Mr. Dude. All right, we'll be right back. 877-976648. If you're looking for potential trading setups in the stock market then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. 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, like any endeavor in life. Before you decide it's impossible, get some advice from the experts. 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Available to all tigers and tigeresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. 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, I noticed that the S&P hit, the low was 43, 15, 25. The cash S&P did not make a new low on this rundown. I just double-checked because of time it ran out so we've seen that correctly. And so that's the main thing to pay close attention to here. I think it's important anyway. We'll do one thing at a time here. Okay, I think that's pretty much gonna be it for today. Tomorrow, I guess, we'll be... By the way, I'm recommended. If you've been following me on this stuff, I think now is the time you discover a short. If you got the real kahoonis, you go in and buy it and risk 10 points. And my hand's not up in the air, so I'm just gonna be done for the day when I do this one. It's fun, I'm gonna wait and see what happens to some of this other stuff that's going on in the world. And anyway, that's pretty much it. See, today is Tuesday. Tomorrow, we're gonna have Stan Harley as our guest. We're hoping to have Joe DiNappoli, but I still haven't been able to reach him. If not, we'll have some other stuff. We got a lot of things going on in here. So I hope that was helpful today. Try to do something nice for your neighbors. It's always good to pass along some of your good things and also remember, you don't wanna forget Richard Roob's birthday. Look up at the sky and say thank you for bringing this guy around because he helped a lot of traders over the years. I'm talking 35 years or so, and he's a real standup guy. He and his wife, Denise, are living the dream over there in Las Vegas, Nevada. So that's it, boys and girls. I think that old clock on the wall is telling me that we're almost done here for the day. I've got a few seconds left here, so it was too late for any questions, but that's pretty much it. Just remember, folks, if we close below 4,300 in that S&P cash today, that means we're gonna go a whole lot lower to the downside. That's what it looks like to me. The fact that it hit 4,316, that was probably the two people that follow me that might have put their buy orders in there, but who knows? We'll see you tomorrow, folks. May God bless.