 Because when you know better, you invest better. Join us and experience the difference today. TFNN Educating Investors. 7-8-7-3-7-6-1-8 Now, Larry Pesavento. Okay, looking good, Billy Ray, feeling good, Lewis. This is where we are here in the S&P for today, folks. There was, actually this was our first 3-8-2 retracement. It was right here off of the high from overnight. That was right there. This is when the program started. There was our first sale right here. We covered it there, sold it back here, and we just covered the position right here. That was the ABCD. So this is what we did on the day. It worked pretty good. We had a big move in silver, but we missed that. We did catch some of the gold move. Well, boy, we're still going down. This is good. Okay, here is the gold. Unfortunately, we finished the program right here, and now we've come down. And this has been a pretty big move to the downside. Now, you notice here that we have another 3-8-2 for this one coming in here, pretty much spot on. So that's pretty much it. Now, I wanted to give you one other thing here that we've got going on here, and that is the... We missed this one here. This was an absolute beauty. This is the crude oil. I think we'll get the hourly chart up here. There's where we were, folks. So we had an order setting right there at 71. It got to 67. And then, of course, we had the big breakdown. Now, all the break has done so far is to come down to this level, right here by far. This ended up being one of our best trading days ever for our full-lining things. We had a couple of small losses in there. The bonds worked okay for us. We took a small loss in the first crude oil trade right here. We took a 40-pip stop here, and we missed this part right here on the way down. But we did catch that big move down in the stock market. That was a real simple one to get, and it's actually doing pretty good. The other thing that's happened here, let's just see where we are right now, because we're at the proverbial moment of truth. We've dropped almost two... No, we did. We dropped $2 a barrel right here on that level. If you go from your low right up here to your high, there's your exact 61% retracement coming in right here. And we're really close to the 78% level on this one, so it's really important right where we are now is to see if this is going to hold, and that's the main thing. Hold on here one second, folks. I have to do something, and I want to make sure I do it right, because if we don't hold this low right here at 6100, boy, we are going to break down big time. If we look at this on the daily, let's just do the four-hour, because all the work is done. You can see we're making new lows as we speak. And here's where we are. Let's just clean out these right here. See, this has been the downturn. We've had a nice move here this week. Each one of these rallies, there's your 135 pattern. We pointed it out, and now we're starting to head down even lower now, folks. So that means we've got another target down in here, substantially lower here. Let's take a look at it. There's your AB leg right here. And here's your CD leg, and that's going to come in down here at about 5155. And we'll see if that's going to hold. Now we need to go back to our last major low. People are trying to do things to me, folks. I got so much going on today. This is actually in a long-term chart, folks. This isn't too bad. There was a big correction right here, and we're probably really close to the 382 retracement of this right now. And that comes in right here. That's where it comes in here. Right here at 54, folks. Pay attention to this one. This would be a really interesting one. 54. Now let's check the ABCDs that we've got right here. And there they are. So we're coming into some really strong support. So far the low has been 59. Let's pay a little bit close attention to that right now. All righty. Let's move on here to one other thing that I want to do. And then I'll be right back, hopefully. I've got to do some things, folks. We've had a... Just to show you what's been going on here. This is the... Hold on a second here. This was our net profit here in the S&P for today. For the gold, we ended up making a little bit after... We got banged around a little bit. And then we came... Oh, where is it right here? Where is it right here? And there's a gold market right here. We ended up making $700, $690 in gold. We made some money in bonds. But let's move on here to just one second here. I think I'm going to have to buy the S&P here, possibly here. I think what I'm going to do here is just buy it on a buy stop if it comes up a little bit more. How about that? That's what we'll do, just buy it if we get a little bit of a bounce. We've had a good run. So we don't want to let anything get out of our way. If we start breaking a lot lower than this on the downside, then it's going to get a whole lot worse. So anyway, it was all in all, it was a very good day. But this is a real moment of truth here down, folks, where we are. So we need to pay close attention. Remember, we're coming down here since April. Let's attend a correction and look at all of it right here. I mean, this is Mother God and country stuff, folks. In fact, you've got to get ready to buy it. It would be my guess. We've still got three hours left in the trading day, for God's sake. It looks okay to me. As a matter of fact, I have 55. The low has been 59. We're at 64. So I'm going to be watching this here real closely. As you can hear from my voice, I'm just a tad tired. Three hours nonstop. We had a lot of fun. And hope you'll be able to join us on the 26th. But we did have, this was our second best trading day that we've ever had of the seven days that we've done so far. So that's pretty much what we're watching right here. Now I happen to still be short this level right here. So what I'm going to do now, I'm just going to leave that stop working. But what I want to do, go down to a smaller timeframe, just go down to that right in here. So if we start getting above here, this would be the first sign that maybe something is going to happen. That's good. Because this is, it might not work, but that is, there's your first three drive pattern right here. There's your second one right here. That's really near the, what you call it, the hello operator, the, hold on. I'm talking myself into doing something. And so that's what I'm going to do. I want to come up and I'm going to change this here a little bit here. I'm going to make this a two lot instead of a one lot. And I only do one at a time here because when we have these things, you know, you're busy doing so many darn things that you can't do everything at once. But anyway, that's what we, we got some major stuff is what I'm trying to say down in this area below here. Not so much, but that's what we're, you know, paying, you know, start a close attention to here today. If you have any questions, it's 877-927-6640. When we come back from the break, which will be shortly, let's just see how shortly it'll be in 48 seconds. We'll take a look. No guest today. Mr. Napoli was not able to join us. So let's keep our eye on the prize and see what's going to happen here for the rest of the day. But we're really close to what I think could be a pretty big bottom. But what we need to do when we come back is to look at the NASDAQ and the Russell and all these others just to see what they're doing. Okay. So let's bear with us here and see what, see what's going on. 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 it 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. The stock market is a delicate, interconnecting web of commodities, equities, and trader psychology. When one string of the web is pulled, it has a ripple effect across the broader market. This is where opportunity lies. But how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities? Luckily, you don't have to worry about that. As Tom O'Brien has brought all important market news to you in one single newsletter, Market Insights. Market Insights provides a daily overview of what's happening in the indexes, bonds, gold, and more. Follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market, giving insight into how each one plays either a bullish or bearish role. Tom also analyzes specific equities that he believes has the potential to make huge returns, and his track record proves his analysis right. All first-time subscribers receive a 30-day money-back guarantee, so what are you waiting for? Don't let the market leave you in the dust. 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And once you got a higher high back here, too, you got to use that one. There's your higher high right here. And if you pull that in right there and look, there it was yesterday, 3A2. And that was yesterday. And then we had one today that is right there. It hasn't made new lows, but it looks like it's going to be on its way. Hold on one second. There's the other 3A2 coming in right there. So let's keep a close eye on that one because it looks like we're getting ready to go a great deal lower. Now, we had one other one that's hit a major price objective today, folks. This is our good friend, the Euro. And as we look at this, we're going to go down to our 4-hour chart. I believe it might have been the daily. Nope, it was the daily. You can see how various this is. This looks like that bond chart, basically. But we did make one of our objectives today. Here it is. This is the down move here in the Euro. Remember, we've been short this for quite a while. If you go back and look, there was your first 61% retracement. Let's just do this together, folks. If you want to call in, that would really be super because I am one tired puppy. This is where we got super interested and it was right here on the downside. It had lower tops coming in right here. You can see that right here now. We've just completed the combination of this one right here, I believe. Shucks, hold on just a second. I can use the mouse and that's about the extent. There is your low today. Pretty much spot on. Check and see where it was off the February low to the high. Brought you right in to the exact 1.27. So far, that's what's held. Anything into new ground would, of course, be quite negative, I would think. So that's another one that we want to be watching. Okay, now let's move on here. We're back down to the lows again already here in the S&P. That tells you this thing doesn't look too good now because it looks like it's ready to go down some more. So I'm going to stand aside now. I've had a pretty good run in this thing and I don't want it to get out of health or skelter. But remember, the number down here is 51.55, folks. If we look at this on this long-term daily. Let's get it up here. Shucks, somebody took it away. The 382 on this whole thing is 31. Uh-oh, something's wrong. I don't know. Oh, I'm using the wrong low. We got to go back to our low right back here. This is the one that was... Folks, I am only hitting on about two cylinder after three hours of high. I don't know where that number came from. Let me go to the four-hour chart because that's usually where I get... There it is right here. There it is, 31.56. There it is. There's the 382 right here. The NASDAQ is now making new lows, folks. And here's where we are now. We're down into this area right here. We're almost at the proverbial moment of truth here at 51.56. Let me turn off the NASDAQ because it just started to hit. Hold on just a second here. Yeah, see, we're making new lows here on the NASDAQ as we speak, but we haven't made new lows from the other day. Let's get the... I think that was a four-hour or two, wasn't it? Yeah. See, we are... We've now broken below the 78% level here. See, so we are... We're getting ready to take this out here very, very shortly. So the one we got to watch here is this 41.54. Let's just do that, the 51.54 here. Since we're on the air, we get to do it live. The problem is this big swing right here. See this big swing? Look how it stopped. Now, what we should do, because I try to teach this, there was this move down right here. Okay? Oh, shucks. Hold on. The high down to the low. Okay? Now let's see what this one's going to measure too. High down to the low says we're going to go even lower than that. So now what we need to do is to draw all of the ABCDs in, which we're going to do now to see how close we're coming here. 58. Wow. 54. 55. This is going to be an interesting one. Here's your AP leg right here. That one measures the 51.56. One right behind it is the same. That one measures the 55.54. We're at 51.58 right now. The low has been 51.57. So guess what? Hold on here a second. Someone's giving me a ring here. Washington Marshall. Buddy, what's up, pal? I got up to my button alligators. What can I help you with, pal? Well, I thought I'd free another alligator. How about soybeans? Yeah, soybeans. We're going to cover that in just a second here, but I got to keep an eye on these. That was one of the things we were watching here in soybeans today, because if you believe in 382, you can see what happened today. Remember, we had this big buy down here at the 61% retracement right there. As you can see, and now we have the rally up and stopped exactly at the 382 and immediately dropped 15 cents, Marshall, so it made the first profit objective and we're going to wait to see what happens next. I agree with you. I want you to get some rest there, Bubba. Oh, no, it's three hours nonstop. We made a lot of money, but I'm just tired and I made trading errors. Oh, my God. I made about three or four trading errors. And that's, oh, look at the gold. 2369, folks. Oh, my goodness. Let's just take a quick look at that gold. Stay with us here, Marshall. We'll take a quick look on gold because we just made the long-term daily here. Hold on just a second here. Oh, we're here while we just shift. Where did we get? Did we hit the 55? Let me see where we are. We got down as low as 56 or 57. My beepers are going off so quick, Marshall, that I can't even answer the phone half the time. Let me get this gold up here so we can take a quick look at it here because it just made a big target on an ABCD just a second here because I was just ready to take the profit on this thing and where are we at here? I think I got to do this on the 13. Oh, crying out loud now. Won't even give me the Marshall. This is the kind of day it's been, buddy. Hold on a second. There it is right here. We are right there on the gold here at the 78% level. But look at this, folks. It's beeping right now. Hold on. Boy, this gold's got to hold here, folks. It's dead. Look at this 13 minute here. We did this early. This is the, oh, it was eight minutes. Sorry, folks. I believe it was eight minutes. Anything's going on here. You'll be able to see it. Now it must have been a four minute. So we're doing them all. This is it. It had to be this one. There it is right here. There's the four minute and it measures to right there. Let's just see where we are. Your ABC. Marshall, thanks for joining me, buddy. Call me again. There's where we are right now. Okay. Now I got to get back to the old stop and be here, folks, because we've got down as low as 56. I'm not going to risk. We're right here right now. So I am going to be right back. The gold report. New subscribers get a 30 day money back guarantee. So you have nothing to risk. 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They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Foreside Fund Services, LLC. Okay, folks, we're trading at, actually, we're at one penny below $51.54. That's the long-term ABCDs on these S&Ps. We've got two and a half hours to go on the trading day. We get much lower, folks. We're going to be looking at a CRASH either today or on Monday. Because if we close below there, it's good night, Charlie. So let's pay close attention. The metals have certainly done something. We've had a $70 move on goal to the upside and we got a caller coming in. Let's see who that is. Swing your chart into the screen. You can't see the chart? Well, let me try it again. Hold on. I'll tell you. I should be real careful here because I'm really tired and I can't make any errors today, boys and girls. It's very, very important to hold on. Get up here and take a quick look at these things here where we are. Okay, we're 53. So it's maybe breaks down. I don't know. We'll have to wait. See, the NASDAQ hasn't even taken out the previous days lows as of yet. When that happens, look out Gertrude because you see we're starting to go a little bit lower here with two and a half hours left to go in the day. We break below this, folks. This tells us that we're going down really, really big time. A lot more. In fact, we're already through there already. So be really careful. Just a penny or two, but watch it. That's very, very important to pay attention to that. All right. If anybody has any questions, I know they don't, but let's take a look here at these bonds. We sold the bonds. Hold on just a second here, folks. Just a minute here. We actually took some profits in that today. We had a really nice 382 here in the bonds we covered. We made some money on that of about $300 made the 382 as you can. Now let's get it out of the way here. You'll be able to see that. You're high down to your low. Right up to the 382 of this one. Sorry, folks. Folks, I'm embarrassed to say that I'm just flat out exhausted after that three hour thing. There was where we sold. There was our first profit objective and we took that. Now we're rallying back a little bit. So want to pay close attention to that one as we look at that. Okay. And we're down a considerable amount. Let's just move this over here. If you have any questions, it would certainly be nice if you were to call in because it would really be helpful. Here's the Russell has now taken out the lows of the previous day right in here. We've just taken that out just now by just a little bit. It's just done that in the Russell. The NASDAQ has not got there yet. There's where we are. Nope, hasn't even taken out any of these lows yet of the 10th or the 11th, but it certainly could. That means bigger move coming in here to the downside. So that's what we're doing here. I covered all the short positions on this stuff because we were dealing with a chart, of course, that told us it should have stopped here and it didn't then it rallied up and now it's bringing down. This is not a good sign, folks. It just looks like it wants to go even more lower. So the only thing that you've got going for it is now right now is this long shut the front door. Is this right here? These big these big numbers are you talking about? Not very much on some of these things, but you know, that's this is it. The problem is, look, we've been down here. This is one day's action, folks. Look at this makes a big bottom turn. It turns right around and goes back down. Let me just show you something on a smaller time frame. Just get up here. I wanted to show you last night. This is on the way down and going on, but just after the market made its high up here at 49. I want you to see this pattern right here. Okay, because this is important when you do these smaller patterns. This was the high that it made at 49. This was right after the close. Okay here's what I did. I love ABCDs. So what I did is I drew this in and I said, well, there's your first one. There's your first three to retracement right here, folks when the market was still moving around. This was last night all night long. Look at this went right up to this level and then down at all of these others on the way down. That's all they've been. You know, they just it just keeps going lower and lower and lower and lower and lower. So this is the bottom here today, folks, or it's cyan aura for some of these things. It's literally that's what it looks like. I think we're at a major bottom. But again, you know, who knows at the bottom so far has been 52 were right at 54, but there's no changing in sight. It's even the last rally that we had here. Let's just see this this little rally meant very virtually nothing and look, we're breaking below all of this. This is a market that's getting ready to crash. I believe we're down 77 points in the S and P already. We could easily be down well over 100 handles. You've had a dollar and a half retracement retracement in the bull market. Of course, a silver you've had a $90 so far in gold for high to low mean all these things are telling you that something's going on $3 move in crude oil. We're coming back folks. We might Oh, we just had a 382 retracement in crude oil. There it is right there and I don't know why I didn't get filled. Let me double check here. This is a hourly chart. So let me move over. Oh, I know why because it made that lower low. Hold on. Let me clean all this out here a little bit. Yeah, see it made that lower low. So the 382 doesn't come in until much higher and there's where I'd be selling. See what I'm doing here right there. 86 47. So that's what there's gold breaking another 267. We're down $90 now in the gold market. Boy, oh boy, that is a not a good sign here on some of these things that we're moving in and we're going to be going lower still, I guess so we're going to be paying very, very close attention to this one. Here's the S&P would be watching this. So I put orders in on days when I'm tired. It's tough, but we're going, I've said many, many times over the years we've had lots of times where you know, you you make errors when you're really retired and retarded maybe but tired definitely for sure. But I made errors this morning on the show today because I was I mean, I slept well but we were in the heat of the battle and we didn't have any good money but then I went I entered the crude oil a little too much. I missed the order in gold by a couple of sets and then you know, fortunately the stock market kept dropping and dropping and that made of our big profits the bonds were down good. We didn't buy the Euro because I missed it. It already made the bottom by the time the show came on it's rally just a few hundred dollars but then he wants to talk about how are you doing my friend I'm doing very well Larry let's take a look let me turn this off here there we go you want to ask about stay with us we gotta pay a few bills we'll be right back many trading newsletters attempt to focus on a narrow set of equities or commodities while this works for some it oftentimes misses many opportunities that possess huge gain potential but how is an independent trader supposed to scan the entire market looking for these hidden opportunities one simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive and over that time he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices Basil is old school taking the time to educate the trader while also giving his insights into key indices, selective stocks and more opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification all first time subscribers receive a 30 day money back guarantee so ignore the pop trading influencers and start learning time tested technical analysis the stock market is a delicate interconnecting web of commodities equities and trader psychology when one string of the web is pulled it has a ripple effect across the broader market this is where opportunity lies but how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities luckily you don't have to worry about that as Tom O'Brien has brought all important market news to you and one single newsletter market insights provides a daily overview of what's happening in the indexes, bonds gold and more follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market giving insight into how each one plays either a bullish or bearish role Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right all first time subscribers receive a 30 day money back guarantee so what are you waiting for to let the market leave you in the dust for traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage utilize bull and bear funds for both sides of the trade and trade through rapidly changing markets these are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing whether you're a bull or a bear for up-to-date pricing and performance go to Direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider funds investment objective risk charges and expenses contained in the prospectus available at Direction.com read carefully distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ we're talking with Al from Texas Al what can I do for you ask about the regional banks yes sir my favorites a couple of days ago and so far so good and I just wanted to touch base with you on what you're seeing and what you think well it looks like they certainly look like they want to go lower yeah I see you know what I mean so that's about all I can tell you to stay short what you don't want to do is you don't want it they're trading at 46 43 do not if it gets if it rallies a point from here 47 40 something's wrong Al so make sure that you have a stop in okay yes sir yeah and I'll just give you an update from last time we talked I finally was able to get things stabilized with my houses and I just want to say until folks out there you know sometimes it's good to have good people around you that will lead you and help you out to the right resources and you're you're one of them you're a great encouragement with the rest of all the other folks I've met along the way and I counted as a blessing a very good blessing I say the same to you my friend so thanks for joining in my friend I really appreciate it okay of course you're welcome and take care Larry we'll chat soon okay you bet okay folks there comes a time in a person's life where they got to make a decision folks and I'm really tired and I shouldn't be doing this I'm probably going to make some bad mistakes I'm going to close it up today I'm going to play some nice music for you but I cannot continue I am just flat out beat and I'm going to make a mistake and I don't want to do that I bought it down here at 55 it's trading at 62 I'm going to put my stop at 51 that's the end of the story and I'm sticking to it may God bless I'll see you all on the flip side on Monday God willing and she usually is so be safe out there okay thank you very much folks