 Stack 100, as we speak, 167 points to the upside. That's almost a full percent. And to talk about some of this market action folks, let's jump over to our man, Steve Rhodes. Folks, you can check out Steve's outstanding newsletter. Head to the front page of TFNN. You're gonna see mastering probability right on the front page there. You can click on that. You can subscribe whether you're talking about the monthly price, 149, the six month price of 695. You save $199 or 22% the yearly at 1195. You save $593. Every newsletter folks comes with a 30 day money back guarantee for new subscribers, so I encourage you to check out some of those longer subscriptions if you're thinking about staying on. And Steve Rhodes, great to talk to you man. Good afternoon. Hey Tommy, how you doing? I'm doing well, how are you? Good, good. So we got a hot market, but it looks like it's gonna snow in the Tampa area. It's, you know, I was pulling up the weather today where I saw, thankfully by me, Steve, we're gonna hit about 45 maybe. So I'm not gonna get probably any snow, thankfully, but yeah, I got today, I was this weather man. And how about the weekend, man? Just amazing weather on Saturday, like 83 degrees folks or something amazing. We had gasparilla around Tampa. I didn't make it, Steve, but we had pool day with grandpa, so that was cool too. Oh, cool, but now yesterday. It's 83 degrees, man, down here late January. And now we're gonna get some snow. Why not? Yeah, but did it cool off yesterday? It was cool enough for getting kind of cold. It did, it did. It cooled off. It was still nice, sunny, but cooled off. Yeah, Saturday was the day, man. I was watching a little bit of the LPGA tournament because it was just up the street from you, I think. And it looked like they were pretty cold, the girls, and it looked like quite a bit of wind that was out there. As you know, we gotta enjoy some of this cool weather because it gets so hot here, man, pretty quickly. Absolutely, absolutely. And what I love this time, it was great sports this weekend, but what are the sports? Now you're from the North, are you a skier or snowboarder? You know, I haven't been ages. I was a skier. My dad and I tried snowboarding. It was coming out right as I was down the end of high school when we'd take those trips. We tried it a couple of times. Man, our butts got from falling on the back. We love skiing. I used to do the races. I forget, I loved it. So go ahead, yeah. Yeah, so I now used to ski too, but I love when the X games are on and they hold them all around the place, but the X games and Aspen were on over the weekend. And there's nothing like seeing a beautiful blue sky and all the snow in the mountains. And it's amazing the balance that those skiers have and the tricks that they do. I'd be dead on the first jump. I would, my back would be breaking in half on the high here, you man. But I know. Totally, totally. So talk to me, what do you think? This is quite, every time a minute goes by, we got new highs in this market, Steve. Yeah, yeah. Well, it's because of global flow of capital that's coming in here. And we'll talk a little bit about that. But what I thought we could first do is start with this chart here. And this is a chart, this is a 60 year chart of the S&P 500. So it takes us back to 1946. And typically January closes higher. And then if we take a look at this chart here, if you look at the lower right hand side, it shows you what the typical average price action is for each month. So this suggests that we could be forming a top here because February typically closes lower. So January is definitely, we're gonna definitely generate a higher close versus December in January. I mean, things would really have to fall off the planet in the next couple of days. And we're approaching one of Bud Raul's primary trading range boundary lines at the 49.56. So I heard you, I wasn't watching the markets, specifically as we're coming up, but we're pretty close to that right now, I guess. Yeah, we're at 49.50 right now in the S&P futures. So how about that? So what's interesting is prices coming up into what is typically a resistance or it can be a support range out there. Right now we're climbing up into it. So this 49.56 area, it's gonna be an entry. Now we don't use it right to the penny, right to the tick, but we're approaching that area as we speak right now. And if we take a look at this presidential cycle, so what I did was I took that 60 year timeframe chart, Tommy and I went ahead and because we are in 2024, it's a presidential cycle year and its patterns can be different. Of course we have fewer years to look at out here. There's 19 years worth of data in presidential elections since 64. But what we can see here, oddly enough, is that typically right around the end of January, early February is when the S&P 500 makes its top. And again, this pointed us back to that February timeframe. If we take a look at the S&P index and the SPI and the ESMINI, they each have what I refer to as roadsman dominicator signals, price moving higher doing with less relative energy. But in order for those to identify at top, we need to see a bearish reversal candle. So whether you're looking at the SPIs, the S&P or the ESMINI, folks should be watching for over the course of the next few days, see if we get some type of bearish reversal candle. If we do, likely we're gonna have some type of short term top. Now the S&P 500, the SPI, they're each gonna form bar number eight of a TD9 count top today. 90% of the time when you get to a successful bar number eight, which just move up in this last 20 minutes or so, has done that, it's triggered bar number eight. 90% of the time it'll go on and generate a proper bar number nine. So that suggests we could have a top form between today and Wednesday of this week. Now the ESMINI is one bar behind that. So it might form a top between tomorrow and Thursday of this week. So between now and Thursday, it's just a cautionary time period for us to be looking for a top. Everything's kind of lining up at least at this stage of the game. Now, if that top unfolds, then price typically moves lower into the middle of March. So we'd be looking for it and with a rally that then typically would last take us into the September timeframe. If the S&P 500 is going to begin moving lower, this is what I want people to look for, Tommy, is I want them to pay attention to spot politics, put a 50-day exponential moving average on that. That is the bottom portion of the screen out here. The top portion is the S&P 500. The boxes that are in green show you how the S&P 500 trades when the spot politics is below the 50-day. The red areas show how the S&P 500 trades when the spot politics is above that. So it's one signal to be looking for. So I've identified that there could be a top forming. You're looking for a confirming signal. And that's one of the confirming signals to be able to look for is that spot politics. Now, we talked about the market, perhaps, if we do get this top, the market will be lower into the March timeframe. Well, weekly tops in the S&P 500 typically lead to lower weekly closes for two to four weeks. So this tool that I have on here takes a look at, so the black digits are showing you consecutive higher closes. The red digits, which we're really focused on right now, lower consecutive closes. And so these typically last two to three to two to four bars out there. So if we take a look at that, that happens to line up with us moving into the March first timeframe. We talked about the potential for a March low. If we do get this January, February high, that kicks in. However, and a good caveat here on a monthly basis, we've been moving higher. This is going to be our third consecutive month higher. And so that also is a dance step where we typically can see some type of pullback. And on a monthly basis, you can see this has gone back now over, this is 11 years. So I've taken us back to 2012 out here. So you can see how consistent those pullbacks are. It's kind of cool really to know that, I mean, I realized this a year ago or six months ago until I started looking at this tool that I developed and applying it to the church this way. But when you really look back at it and say, well, that's pretty cool, right? Two month pullback is pretty much on average. So this could actually take us into the May timeframe. And if we expand the presidential cycle, and I just don't do the last 60 years, but I go back to 1928, turns out that May is one of the worst performing months during the presidential cycle. That's also when we get a bottom. So it goes back to that monthly chart. If we do get a top, it's really going to make a low in the March timeframe or it's going to be in the May timeframe. So I didn't get through all the slides, but I think everybody kind of gets the gist of right now that we're looking for. That was great stuff. And as you were talking, we got to 49.56. I've got to love it. I've got to love it. How about that? Totally. Steve, great to talk to you, man. I look forward to the program tomorrow, as always. And I'll talk to you soon. Okay, folks, check it out. We'll be right back. Stay tuned.