 The following is a presentation of TFNN Trade what you see With Larry Pezzavento All 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 I posted two charts from last week when we had Stan Harley as our guest the first one was with Lucas numbers If you know they're a little slightly different than the Fibonacci numbers Stan likes them quite a bit if you notice that Chart was I believe a hundred and thirty day Lucas number set the one I posted right after it was a Fibonacci set and you notice they had one on the 10th and another on the 12th And we had one on the 12th today. So whether that's going to mean very much on the long term I'm not sure but all I know is folks that these numbers when they do hit you got to pay close attention to him And we've had some tremendous volatility today folks the Dow Jones ran up to a forty one hundred dropped four hundred points down to Three thousand seven hundred or something like that and now is rallying back to almost a Fibonacci Retracement of that up a hundred and fifty on the day So this could certainly be a breakout day for stocks and it looks like it's moving in that direction We also have crude oil up $2 a barrel look at $2 and a half a barrel or breaking out of that long-term Consolidation that was at $82 a barrel and of course we're seeing the same thing in Natural gas not natural gas that's moving down, which is good and then also we have crude oil Going up heating oil going up and also Gasoline going up so those are the ones that we're watching here today folks I get asked all the time because you know, I post the AI program that I do all the time It's only right about 60% of the time, but sometimes, you know, it lines up really great I'm going to walk through this today here by the way rich Anderson is supposed to be our guest here Today Al if you could get rich on the line and we could get him on Sometime this morning before we have Mike moron at 130. I forgot to alert rich He knows he's coming on but here was the here was the setup. We were looking at this morning in the crude oil I wanted to get this up. Oh god Larry in the Treasury bonds this high that we made right here I want to show it to you and walk through the sequence of what really happened here today because this was one of those times Where it fit absolutely? Perfectly here. Oops. Let's get this up here one thing at a time Larry one thing at a time Okay, here is a rep that I actually was watching these there quite a bit today I didn't get a chance to get these sold for the 24-7 they didn't reach the level they missed it by two pips the exact 61% retracement But look what happened on the way down folks You had a 382 here you had a 382 here and you've got a bottom that's supposed to be coming in You know right about this level right here and and look look what happened to just a few minutes ago I mean, it's just truly amazing to me that this thing it did exactly What it was supposed to do and I'll get it up here So you can see it because this may or may not mean something but the fact that it's holding up so nicely It's really it's great But when it doesn't work and when it doesn't work you get out of the get out of dodge And we've got our main man in the house. Mr. Rich Anderson rich. How are you doing this morning? Glory, how are you doing pretty good pretty good my friend? Listen, you sent me a chart here about large speculators I'm going to post it into the den here and I'd like for you to tell the folks What this means and what the outlook for this this chart means because it's got a lot of ramifications And what what do you see in this chart here about the large specs rich? well, I mean Basically large facts are reportable positions, and it depends on it's a different amount of contracts depending on the market, you know I Might only be 600 SMPs and stuff like anyway the large specs have larger short as As you can see that's what 2000 2011. I'm not my computer I'll just well and You'll see that All parts. Yeah, so one side of the boat. They don't get the news that you know Break the data and the water starts flowing. They're gonna be buyers, you know cover Okay, you always have very careful when you see And you see and you see if look at the chart that there was those conditions damn didn't necessarily break and it didn't flood and then now, you know Then you get it out of the market in the other Kind of like a year year and a half ago Reddit stocks and bankrupt and going is there all of a sudden Yeah, short somebody starts So that's gotta be aware of now they think right. I mean these are the smartest guys The funny and smart guys, but it doesn't go their way, you know They'll run quick. Okay. All right. That's all Okay, now one question Yeah Question about the grains that we got some strength and soybeans today are What are you still think they're still friendly to the beans? I know you were a couple weeks ago They still look like they're moving higher. What's your opinion? Right, and I screwed crude oil a couple weeks ago and that looks like yes, sir. You flat out We're also in the soybeans Now they can plant soybean into probably the first week in July right now, you know, like North Dakota They're planning 800,000 more acres this year. Well, you know right now you gotta move banks out of the fields first Then you got to get the ground warmed up. You know, it'll be questionable that they'll get 800,000 more acres out of North Dakota If the corn has to be planted first You know, I think there's gonna be a challenge to get this stuff planted and maybe some prevent plant stuff And and that's you know, that's the friendly part the negative part is that Brazil's having this record crop Although Argentina's having the worst crop since what? 2,000 and both their corn and their soybeans. So, you know, you've got two sides to the coin And then they, you know, the wheat crop is being put, you know, even though we got a lot of moisture here last three weeks There's still like 36% of the the red or these hard red winter wheat that's so Poor to bear poor and so we got to keep it up. This is the time of the year when the weather matters And so I told you three years whenever the farmer starts to put his money in the ground by planting the seed and the fertilizer That's when the markets get festive. So I don't think there's any But you know, I would yeah, I'd be careful about the short side until after the middle of July to be honest Okay, listen, I'm thinking All right, listen, thanks buddy for calling in and we appreciate it and keep those cards and letters coming in We'd like to hear what you're doing All right, you take care Rich Anderson folks of Anderson capital management always gives us some great ideas and stuff to look at Mike Moore is going to be our guest at the break folks and more analytics and remember he told us about crude oil About four and a half weeks ago that it was going higher and higher it comes It's into the stretch today with about two dollars a barrel on the pus slide eight seven seven nine two seven six six four eight Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stats Tiger 4x report Teddy Keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence 4x markets tremendously When you sign up for the Tiger 4x report you also gain instant access to Teddy's 60-minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today visit the front page of tfnn.com tfnn educating investors 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a Frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at tfnn.com tfnn educating investors free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks, I posted a chart of the Let's make sure I posted the right one to silver charts an hourly silver chart And what I wanted to show you here is the fact if you'll notice this long period of where the market was making a Consolidation we talked about that that it had some really bullish Implications and that is in fact what has happened today What I'm going to do now is I'm going to push this chart out of the way And we're going to get another one up here to show you what actually happened with the silver because it tells us a Really interesting story about the US dollar gaining strength for a while today And then bada bing bada boom out of the blue comes a report and everything changed The dollar goes into the sewer and guess what happens silver starts to back off You see we got up to here almost to twenty six dollars Announce remember down here. We were trading around 24 20 or 24 or 24 here 25 here And what we've done now is we've reversed back down again folks We were long the goal today, of course, we raised our stop up to protect a nice profit But you know when the dollar weakens like this, you know that it should be good for the gold But by golly, that's not what what happened So what we're going to do now is wait and see what the next pullback in gold is going to be So that's all we're doing here is when we had this big breakout To this level then pull back and go below it what that means is that everybody bought it during these days right here These these five days were open interest was basically Staying the same there was no new buying coming in here tiny bit and then you know some selling So there was nothing and now everybody that's long from, you know, these higher levels now Looks like great on this break out But now it's below the breakout level and that's a that's a pretty tough You know, that's pretty tough to see how it works, you know Anyway, I hope that helps, you know, we'll see you see how that works and we'll go from there Okay, now let's move on to a few other things that that I think were very important here today because we've had this huge move here I want to show you the Nasdaq if you remember we were talking about the Nasdaq yesterday And of course with the big news that we had today we completed I haven't updated it yet, but I know we made it up to the 78 percent level up in here We might even be going higher than that right now, but we did get up to this level earlier Then we backed off quite a bit and then we're back up here again So this is a very very active day in the market with the huge volatility I mean, we've seen volatility here that we haven't seen in a very very long time So we want to remind ourselves that when we get this we got to take advantage of it because we don't see that all the time Rich was kind enough to come on and talk to us about the soybeans because we've had the soybean position on for about Seven or eight days now it looked like it was going to be stopped out now. It's moving, you know in our favor Quite substantial. So that makes me feel very good about that But I wanted to bring this one up to you because this was really important what happened yesterday and then also today and Even last night I want to get this up here and just to show you where we are here You'll you'll see here. We we went through this level like it didn't even exist Later last night and late late yesterday actually and we went above it by quite a bit and then we went all the way up to 30 instead of 33,900 we got to 30 34,000 and 100 and we're trading it right around 34 right now. So we have cleaned out all of this Resistance that was here and then we broke 400 points and then we've come back That's a sign of a very strong market folks. So I would be very very Skeptical about staying to bearish this the only thing that would turn this down Is if we roll over today and close down on the day, I know there's only What two and a half hours to go but that's possible, but not very probable So we need to watch how these markets react because they are extremely volatile They follow the number sequence is really good. But when you have days like today, you know, it's really it's really bonkers Look at this one here today folks. This was this was the order that I had this morning For the 24 7 folks I tried this let's get it up here, right Larry So everybody can see it hold on a second They've got mr. Mike more coming on pretty soon. Oh dear. I hope this will do it. I think it will let's get it up here Yes, this is it. Okay. This was the S&P. I sent it out last night And I said we got a really good chance to get up to this level here Which was 41 55 and I said there's also a chance that we could go all the way up here To match that high that we made back here just a few days ago five six days ago Remember that big 61% retracement. In fact, we went above it by two points. That was at 41 72 We made a high today at 41 75 from 41 75 We dropped 50 handles all the way down to 40 25 and now we're back up here again So we're having tremendous volatility Yesterday's low was right at a 382 retracement But more important than that if you're watching this the stuff in today like I am during, you know Days like today where we're having a great deal of all volatility. I like to see If we can find a Bcd patterns amongst the things that we're looking at so all I'm doing here And I'll show you this was something that I posted because I I didn't post it I meant to but I couldn't get the video to work. There was the high There was your 382 retracement and there was your perfect a Bcd retracement right here folks that was believe it or not that was 22 handles on the way down and now we've rallied back up to the 60. Well, we're up here to the 78% level now I believe and how high did we get I? Think we got to the 618 maybe a little bit higher, but that's what we're watching here today we're tremendous volatility and That's what we like to see when we watch these markets move, you know every day It's it's very very important that we that we watch how these things are going to Come come and go as a as we do our trading here during the day now I wanted to bring one other thing to your attention and this is very important this old cowboy was Four and a half years ago to the day We had an old cowboy become a student of ours and became quite well He was famous beforehand, but this was the day that I met Simonly folks back in March of 2016 that was what was that five years ago? Holy cow can't be that long Those five years anyway this is where sugar was right here and he had a he had a farmer that had a quarter of a million acres of sugar and They were talking about $40 sugar and I you can't see the whole chart here because it's only part of it I just put the date in but if you went back you'd see that that price right there was a 382 retracement Remember the old-time high-end sugar was 66 way back in 1968 and that was also a 61 percent retracement of the high from 2009 I believe or 2010 there was so many numbers there that you had to put a Mathematician on it and I told him he said they'll never go. He said I'll never see $24 Not now. He said they'll go to 40 then maybe 24 and I said look I said would you humor me? I said if you could sell the sugar here at 25 and then if it doesn't go down you could buy it back at 26 But if it does go down, you'll save a lot of money He said he said I'll tell you what he said if it works. He said I'll study under you He said if it doesn't work, I won't and it turned out that he's been a good friend and a student all these years and He handles two and a half million acres of farmland folks. Are you kidding me? Shut the front door and raise the rent. We'll be right back Billy Ray Valentine Capricorn with Mike Moore of more analytics If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning. I published the gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting Tfnn.com don't miss out on the next great gold trade sign up today 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 Pesavento 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 Larry will also provide daily charts videos and data on the key markets That he's tracking expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice sure But you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com And tfnn's youtube channel with tiger tv live every market day from 8 30 a.m. To 4 p.m. Eastern For free 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 This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, folks, we've got mr. Crude oil on the line and in the house Mike more of more analytics told us two and a half weeks ago. It was going to go a lot higher Congratulations, my friend Thank you, sir. I appreciate it to this day. So please tell us what you're looking at from now on All right, so I guess we'll start with crude then and we can jump over to natural if you like Uh, this is a pack you see my screen. Okay. Yeah. Oh, you're coming in perfect. You're not as good looking as me But you're younger. This is important Go ahead, Mike. All right So, um, this is crude oil may contract On 327 we left a bullish reversal below that was Right here which we talked about on the last show and The charts not coming up yet What's that the charts not coming up yet Can you see it now? Uh, not yet. It's not coming up. No, uh, we'll have to keep trying. Uh, try this one time. Sorry. Okay Here it comes. It's coming now. I can see the Skype picture coming up and stuff. So we should be in good shape Can you see it now? Okay. We're in business. So let's keep on going Okay, so we said on 327 we left a bullish reversal below We've seen 11 dollars and 17 cents from that and more than that this morning This was written earlier on And the trade above 74 54 projecting this upward we've seen over over seven dollars and 27 cents of that And then the trade above 78 97 which we spoke about on the last interview I believe I said projects this upward 15 dollars. So that's a pretty substantial move From 78 97 And we popped up above here. This is where that line came in We pulled right back down to a dribbled sideways here of our pop and higher again today so and This kind of consolidation is not to be unexpected after a big gap higher than that like that But if we see decent trade back below 80 47 minus 1.2 ticks per hour That should bring in pressure But if we fell back down through that main line, I just showed you which came in at 78 43 This morning Then that would that would have to come down through this that'll be initial pressure And then this lower one should bring in heavier pressure for days All right now it's looking strong And then just let me do a higher level recap again with everybody We've been on a number of times now I said we were in this long bull trend and we came back into this first corrective pattern Which I said I felt had a higher likelihood of returning to the upside and then seeing a big bear trend And we came down we took out all these lows here the other day Then came up made a bullish reversal right in here and then took all that out And now we're traveling up to take out a lot of this stuff here. So that's um pretty significant And like I said now we're projected up 15 dollars Do you want to take a look at the gas or the heat at all? Yes, we want we want we want the whole the whole picture. We want the whole menu everybody's asking for it So if you've got the time we would like to see it because you've uh, you've been leading us through this Quagmire of uh charts that look really great. So keep it up Okay, thank you Well the gas the unleaded gasoline or our bob if you want to call it differently Um the trade above 245 32 We want a decent strength. We'd seen 41.5 cents of that so far And we have other projections that I can read about in here The suit came just shy of an exhaustion at 287 75 with the 286 82 high But I think we may have taken that out right now Right we did so we're right up into this exhaustion level right in here Between uh 287 75 and 289 83 What does that mean? That means that that could possibly be um an ending place for this run-up prior to a moderate bearish reversal, which would not be huge uh, but maybe to the tune of Eight cents or so and if we take that out Then that's going to open up the upside to even higher trade likely up to trade 298 63 to 301 99 And uh the the heating well Has looked quite a bit different than the our bob and the heat and our bob and the crude oil lately We had broken down below a bearish formation here Came off came back up to it tried to hit the stop couldn't elect it Rolled over again rolled over again, and now we're holding this bearish formation right here So right now i'm still bearish the heat even though it's higher on the day Just technically it's still bearish because it's below these formations but if we take out this upper one right here which comes in at Came in at 273 34 minus two ticks per hour at eight o'clock this morning Decimbrane above there will project this upward 14 cents minimum 39 cents plus maximum I have a question mike isn't there a strong seasonal For heating oil to be weak during uh, you know april through uh, july I Age right here actually that's part of the analysis that we haven't really looked at before Um, but right now it says that may is a buy from january 10th through April 15th, so that we're almost at the end of this period right now Okay, which to your point Maybe a more bearish season for it, which makes sense right? I mean the heating oil seasons. Yeah pretty much over gasoline season starting starting up Um, and then if we roll over and take out this formation below then that'll be bearish Start seeing pressure come in if we take out this lower formation should see even more pressure come in And just to look at those cracks like I said before These are always important to understand what's going on in the arbaba heat spread Yeah, so the arbaba heat spread tells you which which of those is strong or weak relative to the other And you can see in just a matter of three weeks understanding that difference is a difference of you know 12 grand per lot Depending on which one you were longer short I'd said here that the trade above negative 338 projected this upward for it for 180 ticks plus We wound up seeing 2,321 ticks of that so far That was from this breakdown and here really traveled up We had a hedge in there in the middle of it also But basically that means right now that the arbaba the unleaded gasoline is strong relative to the heat That would change with the gap open lower tomorrow And then after that you take a look at the heat crack, which is the spread between the heat and the crude Um, and that has been bearish over the past number of days. However, I do think that We are in the last stretch of this move from here down with possible exhaustion levels at 28 56 and 27 46 to 26 97 And what does that mean? That means that if it holds one of these we can see a moderate bullish correction Uh, probably to the tune of at least 400 ticks But presently right now it means that the heat is weak relative to the crude or the crude strong relative to the heat I notice a gasoline gasoline here in tucson has jumped a dollar a gallon in the last month We've gone from 308 to 404 12 Yesterday for gasoline. So it's a it's a huge run I'll show you something funny and interesting in gasoline This was a a large projection. I had um Back in 2020 in here And this is when gasoline was trading uh It was trading a dollar A dollar 20 a gallon I said that if we broke above this formation Uh, that it would project it up with 30 cents minimum a dollar 25 plus maximum And that the maximum could be seen within five calendar months So that's basically a doubling of the value of the entire contract And we saw just about that in five months and then got it eventually in three months We got to pay a few bills my friend and we'll be right back. Okay Three minutes and we'll be back with mike more of more analytics 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 The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day first time subscribers Also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom o'brien is here to help Tom o'brien has been successfully trading markets for over 30 years A frequent contributor to TD Ameritrade Network and CNBC Tom o'brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get tom o'brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors Biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear ETFs Visit direction investments.com Slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Concluding the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Mike more more analytics and please continue young man And also be sure that you give us a little skinny on natural gas because we've got a lot of people interested Okay, absolutely. Let me just get back to you. Can you see my screen again or yeah, it's coming in great. You're you are very very Presentable young fellow. I might add Thank you, sir. I appreciate Well, like I said, it's always important to understand what these spreads are doing You can see in the heating room. I mean, this is just a difference of nine grand in a matter of two weeks here on the downside Helping you Looking at this spread is to help you decide whether or not you want to be long or short the crude or long or short the heat and the same thing with the unleaded gasoline We left a minor bullish reversal below down here the other day And just in just a matter of four days that made a difference of almost four grand to the upside We failed back down through a formation this morning though. So currently it's bearish Um But those help you weigh weigh which one of those you should be long or short at any given time So let's jump over to the natural gas Natural gas Before you could do the natural gas someone's asked a question here from uh, wow Ontario canada and the question is what are the margins on these spreads? I know the margin on the crude oil is around six grand The spread's got to be like what 25 percent of that or so. How how did the the spreads? They're less because you're you're a long one product and short the other Okay, I'm not sure right off the bat exactly what they are but they change Weekly and depending on volatility Okay, and I ask one other question here Oh, this is for me and that is when you put the spread on do you put it on? Is there a contract that shows what the spread is or do you have to leg into it? You know long july short D. So whatever it is or can you put it on as a spread? Okay, so this is very important. I think we talked about this touched on this last time but And I don't remember so depending on your software provider that you are trading through Either you will be trading the exchange traded spread Which means that you'll actually be trading The spread as a whole traded as one contract off the exchange Or they're going to they're going to leg you into a synthetic spread And there's a lot of disadvantages in the synthetic spread, but there's also advantages also. I mean if you're doing a lot of size Synthetically you're going to have more liquidity in the outrides than you are In some of these spreads like the crack spreads are very thin Okay But there can be other issues there too if you have a stop at a certain level the synthetics could Elect a stop that's lower than what the actual exchange prints. So I don't know if that's helpful or not, but you have to be careful very helpful. Sure. Yeah But the main thing is is these spreads Most importantly are dictating to you Which outright you want to be long or short and also if you did want to leg into them You can make a lot of money in the differentials of of the outrides um, okay so All right, let's jump to natural gas real quick Natural gas we've been in this big bearish slide that we've been talking about for a number of weeks On these weekly charts from the failure back down below this massive formation Uh, really big move to the downside to the tune of over 30 grand But I do think that we are Just bounced off with the possible last stage of that When we talked last time I'd say we broke it above this line here and I said oftentimes when they're steeped They'll travel down above it and then go sideways and upwards And so we've traveled down around and right here we held it again And this is also a macro exhaustion area at uh, 202 20 Let's pull that and I'll suspect up excuse me Bear with me here uh Yeah, 202 20 is where I had one of these macro exhaustion levels I said if we if we hold it or the 179 60 to 171 10 area And we started a bullish correction that bullish correction could exceed 990 ticks from the low So we held this with a 199 20 low right here We started to rally we took out this formation and this formation rallied up a bit up here to 224 70 Attaining 255 ticks but the failure back below this formation here this morning which came in at 229 now warns of pressure. So I think this is going to wash right back out down towards these lows I need to bounce off them. Maybe test below them But either way unless this thing really gets hit this is out of this bearish You know trending structure here now into this sort of sideways Structure here that looks maybe like a consolidation or a base So we really have to see we might just see some more choppiness in here for the next number of days It stopped going down. It looks like at least I'm going to parabolic move to the downside anyway Yeah, this one's done, but short term right here. I expect this to dump down into here test this area Do you want to look at the s&p's or the goal? Oh, I Raise our hand everybody wants to see the s&p raise their hand and there's Lots of hands being raised. So please give us your skinny on this Okay, s&p 500 Um, just said this morning that I think we may have completed this last run up Let me see here Just as a recap We held uh exhaustion below with a 39 39 and a quarter low. We've rallied 238.5 And even a little bit more than that this morning into a bullish trend against the move down from 4208 50 We did not take out 4208 50 though And then I said in here on a lower time frame Can we just see it? I would caution that we are likely in the last stretch of the lower time frame move up from 38 39 and a quarter and we'll be wary of areas of possible exhaustion at 41 92 42 18 and a quarter to 42 23 and a half at 42 39 50 The 4302 if any of these hold the ensuing parish correction should exceed 75 Points from whatever the highest And I also said that if we break above this high right here 41 71 75 and fail back down through it and settle below it that would be a warning of An early termination of the move up And could also precipitate that move down. So right now we've seen this is 41 77 75 So that's only about 56 or so handles into a 75 Handle move that we would be expecting from the highs Do you have any explanation of why your prediction was 41 75 and came in as 41 77? That's two points off Mike. I mean, I thought it would be exact 41 That's pretty darn good my friend because it broke 50 handles from that spot Thank you. Yeah, so and also we got a big bearish formation right below here. So if we take that out That came in to 40 96 77 plus 48 per hour this morning that'll project this downward 142 handles um Okay, and like I said on a on an overall basis This is still trying to figure out what it's doing right here Are we starting a whole new bull structure a whole new bear structure? The possibility of this being a large pullback within a bearish structure is there But um, it still hasn't really played itself out yet really We need a little bit more time for it to show its hand Any questions on that before I go to gold? No, no, that's good gold. Yeah, get to that precious metal day We love the gold market. So Tell us what you're looking at there. Well, we got it. Oh my god. Where does the time go for god's sake? Stay with us Mike. We'll take a little break and then we'll wind up the show. 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That's tfnn.com then hit watch tiger tv Back folks with mike more more analytics mike. You're going to be with us on the next show the second half hour. Is that correct? That's her 230, right? Okay. Uh, yeah that 230 and i'd like to uh talk a little bit little about the uh Your analytical Auto trade program that you have and then maybe in the second half of the show to in the next half hour We can cover gold and silver and a couple other things that people have requested So do you want to tell us exactly what this auto trade thing works because you know, we hear different things from Different, uh, you know commercials and stuff. So how does this work? I mean it can just tell tell me what happens Well, a letter of direction trading is you know Traders that we have that are trading in their accounts and they they can mirror those trades in your accounts If you want to sign up on a per lot basis Um, one of them the spread trading program For example, this is the arbab the unleaded gas front month spread, right? So for example, I said if we break above this line here We should see decent shore covering come in and you can see there's you can have some very sizable moves Within a short period of time And there's other seasonal patterns that are there in the spreads When big contracts are rolling that you could take advantage of that are pretty uh consistent throughout the year So trade those in the in the automated trade programs and then also some of the other trades off of the analytics So there's different programs. There's spread trading programs bracket trading programs That take advantage of different aspects of the analysis Mike I have a question on the next segment in half an hour. Could you actually pull put up a You know like you're getting ready to execute The trade and show what the bracket looks like and how you're putting the orders in because it's sometimes on these spread It's different and the folks are not familiar with this So I if you could do that it would really be helpful to them And also for me because I haven't done spread since these computers have come out this way I'd used to do them many years ago, but that's when you know corn was selling for two dollars a bushel So if you could do that it would really be helpful just to show what your What your trading platform looks like and what you have to click to put it on and then can you put a stop on a spread also? Hey, yes, we're gonna answer we're gonna answer these questions in the next half hour folks at 230 We got some questions written down for mike more and more analytics and we'll be back with him Mike thanks for joining. It's my friend. I'll see you in a half an hour Thank you. You bet mike more folks