 Let's get over to our man, Mr. Tim Wood, folks, as we do every Tuesday at the 3.30 hour. Tim Wood, what's going on, brother? Well, everything seems to be okay here. We sold out a long position. I've got an indicator that I've sent you over a couple of charts. I don't know how many you will be able to get through. No, I know. You're letting us in on something new. Let's take a look at that. Which one do you want to start with? All right, chart one. And it's the SPX tilt ratio. Tilt is the 20-year Treasury bond. I know, okay. So anyhow, I watch what that ratio does. And it really markets their balance. If we get out of balance, we come back to the norm. That's either up or down. So when this ratio gets out of balance, and the upside, the RSI gets above 70, normally you've got to come a short-term top. This is on the ratio, the RSI for the SPX-TLT ratio. Yes. And so you can go back further, but I marked the times. The second window up from the bottom is the daily S and PX. I marked the times when the RSI of the SPX-TLT ratio got above 70. And so it does a pretty well job of sticking out. Just short-term highs are not long-term highs. That's what I'm kind of looking for here. I'm thinking we're entering into some sort of a high area. And the VIX is not getting a lot of information. It's relatively staying low. It's not doing any great divergences, which is kind of my main tool. So this is a little bit shorter term timeframe. But the RSI when I print this chart this morning was 82. And that's pretty darn high. So what that says to me, at least on the SPX, the upside is limited here. Because you never get the RSI up to 90. Between 70 and 80, usually kind of peaks out. And you start getting at least the sideways moves, not a short-term top on the SPX. Which is kind of what we've been doing here for a bit. I mean, you thought we were going to flip around into consolidation. It looks like we've just been going sideways at highs, right? Yeah, so far, this chart suggests like the upside is limited. So I guess we could move sideways. So out of two, three things can happen. You can either go up sideways or down. Well, this kind of takes the upside, in my opinion, out of the equation. Can we move sideways? Yeah, maybe. So it's kind of a chart that I watch when the short-term picture gets a little fuzzy. I kind of look at this, see what it says. This is one of these you have in your back pocket. I'm glad we got it out. Yeah, it's so anyhow. So I actually put back to chart number two. And this, anyhow, the big chart in the middle there is the VIX. Yes. And do you notice the VIX, since basically mid-June, is pretty much going sideways. And the SPX is going up. So there's the verges. And the top window is the SPX VIX ratio. So it kind of smooths out things a little better. So you don't see all this jittery stuff going on. Right. And it kind of moves sideways. It did kind of make a higher high, but barely a week or so ago. But it's not getting real bearish. I mean, it's going to move sideways, I guess, forever. And the SPX could still move up. But what you want to happen for a bearish sign is a VIX to move up. And while the S&P's is moving up, and that's what usually happens at tops, the S&P's moving up, and the VIX is still kind of moving sideways. So it leans berries, but I wouldn't bet on... put it this way. I wouldn't bet it short here, even though it may work out. Until that VIX starts going up along with the S&P's, then I'd get... start looking a little bit more bearish. Yeah, and it's getting through this window dressing too, probably, right? Beginning of the month, that's... Yeah, that's a good point. You know, it's... you know, tops, they ring a bell at bottom. Yes. Everything just blows out, and you get a bottom and reverses, and if you're lucky to buy into that bottom, you know, because a lot of times it never looks back. Right. On tops, it's just almost the opposite. They go up there, and they make a high, they make a higher high. And sometimes these tops can take weeks to form. No, no doubt about that, man. There's no doubt about that, man. It's pretty wild when you think about it, right? We're going to take a short break, and then we're going to come right back, folks. We have the Dow Industries right now trading up 52, now it's like it's down 47, S&P's are up 12. You can contact Tim every trading day, folks, at www.Odd.org. www.Odd.org. www.Odd.org. www.Odd.org. Tim and I are going to come right back, folks. Stay right there. Welcome back, folks. We have the Dow Industries up 33, now it's down 56, S&P's are up 15.5. We're talking with Tim, and the chart that I have up right now of Tim is the VIX and the SPY. Right. Actually, I wanted to talk about, last Thursday, we had a bearish engulfing pattern drawn on the SPYs. In other words, you engulfed about three-fourth of the previous days of the camp sick pattern. And if you notice, you had kind of high volume that day, at least on the SPYs. And what I found out over the years, high volume highs and actually high volume lows, majority of the time, not 100% of the time, but majority of the time are tested. So I'm thinking there's a good chance we could test last Thursday's high. Right. And if we test last Thursday's high then that could really line up for a decent cell signal. I mean, a reliable cell signal. I'm not saying the market's going to cry too much. No, no, no, which is sweet. No, I get it. I mean, because you remember, those inverted hammers, they love getting tested, man. They love getting tested after you get an inverted hammer at the top and then it comes down, then it comes back up, especially when it has volume on it. I know. I can see that. It's at 92 million. And you can go all the way back. I can go back 6 million. At 104 million, let's see, that was in what was that, June? Yeah, June 104 million. The last couple highs had some good volume, but we hadn't had something like that for a long time, man. Yeah, interesting. Right. So I'm thinking you're on the market. If you're looking at interday stuff here, yesterday, the trend closed at 1.25. Anything above 1.2 is short-term bullish. And as we're talking here, I got a trend of 1.2. So, yeah, a couple of days of bullish trend, as Bill and kind of a little bit of energy, I guess it's a little bit of panic here, not a lot, you know, way high. And so I'm thinking there's a good chance we've possibly tested that last Thursday's high. That's where the rubber meets the road, I guess. Yes. Either we bust through that, which I don't think we I mean, we may close above it, but that's where I'm thinking that's the key area, which is ramp on the SPX. I think it's 4607. So right around that 4600 area is a real key area, which is also the highs of February, March, and April of 2022. Right. So there's quite a bit of stuff right there that may line up pretty well. When we hit it, I don't know. A lot of times, these signals come on Friday, so they make your whole weekend miserable. If you're going to be right or wrong, come Monday. I love it. Okay, so let's want to go to the next shot? Yeah, we can. There are actually chart 3 and 4, actually the same chart. And I mean, there's just kind of a little review here. This is the 50-day average. The bottom window I'm looking at is which is a 50-day average of the up-down volume percent. So it's a little bit longer-term indicators now like that. We've been looking at the 18-day average of the up-down volume advanced client indicators, which is on a buy signal on the short-term. This is a bigger longer-term indicator. And it looks like about June of this year I didn't break down the date. Now, when that indicator up-down volume advanced client gets below minus 20, usually your exhaustion moves to the downside. And if your exhaustion moves down side, in other words, you're blowing out to the downside in the bottom. And every time you get down to minus 20, this chart goes back to 2010, it went back up to plus 20. We did it every time. And so we're still below, or we did hit below minus 20, but so far we have not hit above actually it's excuse me, it's above plus 12. If you get a buy signal that's below minus 20, and a sell signal gets above plus 12. And so the buy signals are all circled in blue. And the red circles are also the sell signals are all circled in red. And so every time you got a blue circle, you went up into a red circle at some point. So that's what we're kind of looking for. And we're around minus two right now. So we've got quite a ways to go. I know it's pretty cool, Tim, that we got through, we made it through last Thursday, because last Thursday was a rough day in the gold market, right? And then today, last Thursday what happened is that we went from 2022 to 1981 and bottom line is that we went from what? 2004 to 1978. We're testing last Thursdays. The cool thing is that you're actually testing Thursdays and the 12th of July. It's kind of cool that that ratio is still holding up with a couple tough days in here. You know what I mean? Yeah, yeah, I'm thinking the market's going to hold up here. Right. We're just screwing around building for the next move. So yeah, we should actually get to plus 12 at some point between now and October is what I'm thinking. But yeah, it gave a good buy signal and in my opinion, a buy signal. You flip to the next chart which is chart 4. Now, this is the same chart and it's everything same about it. What I did notice on the bottom window there to really have strong uptrends that needs to stay above zero. And right now we're about right at zero minus two on this indicator. And all the blue areas are times when those indicators stayed above zero. So zero is when the strong part of their rally begins. So even though we balanced here a little bit, the strongest part, in my opinion, still lies in front of us. Because when the advance or the up-down volume when actually even the advance decline get above zero, that strength that's saying more stocks are going up on heavier volume is what that says. And Tim, is that bottom one a daily? Yeah, these are on daily. Cool, okay, so I can see it. So last Thursday, you were below at Friday above it. You jumped above it yesterday, come below it today. Cool, I got it. Okay, cool. Yep. Well, this is on daily chart. They only update this so we don't know if this is going to be above minus two today. Yeah, this is a daily chart. Right, yeah. I'm not sure what you're looking at here. Are we looking at the bottom one? I was looking at the bottom chart. So the bottom chart looks like it's going to be below it again today. But what we had done is that yesterday we jumped above it, which would make sense. Was it yesterday? Hold on a second, let me look at this. Nah, it's this is a daily chart. So well, I can see wasn't it above it yesterday? No. Were the circle is? No. No, okay. Yeah, it's still below it, but barely. I see. What I wanted to point out here is when those that went, well, shaded there is all in blue. Yes. And that's when the strongest part of the rally begins when those two indicators are above zero. They stay above, I get it. It's the last month it was there. I know I hear your radio. I get it. Well, listen, this is always a pleasure. I look forward to speaking to you on Thursday, Tim. All right, thanks a lot. Have a great one, man. Have a safe one. Stay right there, folks. We'll come right back.