 Welcome folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day We go 24 hours a day in the internet at tfnn.com Always remember folks, whatever you think about you bring about whatever you focus on grows up everyone's having a great day safe day make a great night folks cultivate wisdom You don't need to accumulate knowledge to become wise anyone could become wise when you become wise you respect your Body respect your mind and you respect your soul when you become wise your life is controlled by your heart not your head Let's take a look at it out here. We have the Dow industries down 27 Nasdaq off 44 S&P's down 23 gold gold contract down a dollar 10 trade that's 1633 and ounce we have silver up 24 cents 18 dollars 60 cents an ounce light sweet crude Up 43 cents 85 dollars 98 cents a barrel notes and bonds the 10-year note down 26 straight and 109 12 the 30 year of a point and a half at 124 team the 10 year folks Let me just see this. I believe we're talking about 4.4 right now that's like 4.2 4.2 percent Amazing and good old King dollar King dollar right now is trading down 146 ticks now. Yeah, look at this folks. This is so cool. It's unbelievable. If you heard me just do the update Right, I'm talking about the axe at how just King dollar can just move a little bit now watch this Yeah, I got to put this up there because King dollar only move 40 ticks 40 ticks, okay Since when I did the update in right now and the e-mini let's see the e-mini just moved I believe it move like eight points on 40 ticks. Let me just see this. This is this is like unbelievable when it did so it just 67 oh my god. No move more than that Thought here it is right there 60 you move 20 points And so look at this look at this. This is crazy man It's not crazy. It's good. You want you want to get this correlation because the correlation is so direct. It's unbelievable. Look at this Unbelievable so What that's saying by the way folks is this is that and I'm gonna bring an article up In fact, I'm gonna bring it up right now cuz check this out the me pull this up here for a second Nope, I don't want that one. Well, we don't okay. Let me get a little of this Because when you see this, this is pretty cool madam There we go. Okay, so check this out. There's a big hedge fund conference going on right now and Here it is right here. So listen to this. This is that you have all these dudes at the C4k investor Conference is going on right now. So you get all these big dudes there. Well, I Believe this is a person's name boss Bose Weinstein He is from Sabah capital and then you're gonna get So he's speaking right now, right and you know what he's here. Here's a quote of his okay This is this is such a cool quote for for us. Okay Technicles are the most dominant change in the market compared with the last few years Weinstein says Weinstein says he sees an incredible shift away from fundamentals to technicals We're living in a technical market and traders who are living in a fundamental world will have to change their playbook This it's it, you know, listen, I'm you know talking to the choir and I know that The chorus whatever how that goes, but it really is intriguing and what does happen folks is that when you are in Markets that are highly volatile. Okay I've seen technicals always take over in highly volatile markets. That's that's a real bottom line That's that's what happens man, and it happens in spades. So let's take a look at these markets, right? So if we take a look at the spy first, what do you have happening? Well here? Let's do this I got John from Philly. Hey John. What's going on brother? Hey John good afternoon to you sir. How you doing man? I'm doing very well. I just have to contribute one or two details that don't tell right The work you're talking about now just to bring it to your attention so you can elaborate for the benefit of your listeners Thank you. I'm on that e-mini S&P The ESZ to yeah, we've come down. We pulled back. You just mentioned how it just popped a bit, but interestingly enough That e-mini S&P has made lows in the past what six seven days down at 35 90 That was last Friday and 3502 which was that Thursday morning after the CPI Or one yes, I forget which yep anyway based upon those two lows And using your calculation technique of confluence. Yeah, those two lows Confluence support is in a tight range 36 72 to 36 62 The low 30 minutes ago was 36 67 right in the middle of that range. So we've come down. We've tested confluence So I just wanted to share that with you. I'm going to hang up Having told you that but ask you now that we've hit confluence in that 72 to 62 range with the 67 low Can you just share with us if you can see any prospect for this rallying away from here? So down. Thanks for all you doing. I hope that was of some interest to you It was huge John and thank you and thank you from the other listeners too, man So as John was doing that folks, I put the conference up and you can see it man. It's in spades It's it's it's literally in spades. So what confluence is folks? I you take you take the trend the full trend you take the low of one the low of the other That's what it did one so it's it's in between a point three two or six one eight And that's it right there. Those those line those little green lines right there That's it and you can see it it bounced off it beyond belief Now let's get a little bit closer. Let's we'll get closer in here and take a look at this So there we go So first, you know bottom line what we're gonna do now. We're gonna make it inside. Let's see 3676 we didn't okay that bottom line next move is Yeah, we're going man. That's telling me that this is gonna try to run into the clothes again You know, I don't I don't know if we're gonna run to the hide But they want to run into the clothes and you know the The way this is so let me bring up a spy for a second because yeah, I'll bring up a spy So as we get back because it's it's really wild here kind of where we're at coming into an option expiration and what does happen now folks is that there's so many you know Option expiration is every week now and you know everyone's trading options man. That's the bottom line Okay, you get pros trading options. You got retail trading options. It's you know, I mean, it's it's a monster market It's a liquid market and options now or as liquid is trading ETFs down down when dust chills down 52 Nasdaq 51 S&P's down 24 stare right there folks come right back