 The following is a presentation of TFNN. The following is a presentation of TFNN. The following is a presentation of TFNN. We'll start with the German Dax like we usually do. Then we'll look at the FTSEE and then we want to take a look at the Hang Seng because we're having a huge move in the Chinese market up 2.5% the biggest move in a very long time. Not unexpected because it's coming off of that 61% retracement level. You can see here we're running up against a little bit of resistance up here at the double top that we could have had from way back on May 22nd. This is an hourly chart on the Dax so that's certainly possible to give a little bit of resistance up in this area. Now, let's take a look at the FTSEE here. You'll notice that here again we're looking at some resistance levels coming in at a ABCD 1.27 expansion but it certainly might not make any difference overall if some of these things happen. But let's quickly look at the Hang Seng because this was at such a critical level here and it's had a really big move and this is what we were expecting thankfully our folks in Hong Kong that we work with each day were able to catch that thing on the downside and got a lot of it started on the upside whether that's going to continue on or not we have to remain to be seen. Someone asked me what are some of the things that I look at that I don't trade that I look at just as far as indicators or giving an idea of what's happening with the market. Well, there's not very many of them because I just basically look at the bar charts. I listened into Tom DeMarc's webinar that he had this morning and I swear to God I could only listen for about 12 to 15 minutes because it was so far over my head with all the technical stuff and the indicators and oh my goodness, I mean it was just over my head but let me just give you a really bird's eye view. First of all, as you know, we were looking for the market to bottom sometime this week or excuse me last week with the new moon coming in and the first thing that I look at each week of course is the New York Stock Exchange Index. It's one of the first two or three charts that I post in the newsletter each week. Now this is just a 15 minute that gives you the whole month of May and if you look at this nice ABCD pattern you don't have to count any waves or anything like that. You just look at A at the top, B at the bottom. It rallies up to C which is a 50% retracement and comes down to the exact D point and you'll notice that if you look at this from the high to the low you'll see that it was down 233 bars. Now that happens to be a Fibonacci number but that's just a coincidence folks. All I'm trying to show you is from the high to the low number of bars as it was from the 16th down to the 30th, same thing. 233 15 minute bars basically and all I did was draw in the big ABCD there's smaller ones there. The key to this folks is really what happened on the 31st of May. Do you realize that we made a higher bottoms on here? Look at this, these higher bottoms that we had during this time. The real bottom was on that new moon day. Now it was down really bad and we were hitting 27, 28 was the low on the S&P and that was a lower low by far than it was on the 30th. It was making a 1.618 expansion so there's a huge divergence going on with this particular index at that time. Now what's interesting about this index used to be known as the knife, NYFE New York Futures thing but after tutors stopped trading it it just died and all they use it for now is how they calculate the mutual funds and the values. This is 2200 of the best stocks that are listed in the New York Stock Exchange. There's also foreign exchange foreign stocks listed in here also but these are the most liquid and the best capitalized of all the 2200 stocks. It's not 500 stocks like the S&P it's not 30 stocks like the Dow Jones and it's not 5000 stocks like the NASDAQ Composite or 100 like the NQ. This is the really broadest market and that's why we're looking at it. So that's one of the indices that I look at to get a broad idea. In fact where we are right now is right up to a 78% retracement of that whole move from May the 30th when we made the high up there excuse me April 30th. So whether that means anything or not remains to be seen. Now what I'd like to bring in one other chart and that is the S&P index. Let me get this up so you can take a look at it because as of last night we had a beautiful 78% retracement level and you notice that we had this big shooting star candle well with the news last night whatever it was we went back and we touched that high again today. So it shattered that theory of a shooting candle but we're still up against that 78% level. Remember now we're up six days in a row which statistically means you're probably ready for some type of a correction but you don't know if that's going to happen now or whether it's going to happen at all. Now I did want to we're going to try to have Arch Crawford on this week because he has scared the Bajibis out of a bunch of his subscribers because he has put a major major red alert out about the possibility of award during the month of June and it's not going to be taken lightly because he's given these projections before and not all of them have come true but quite a few of them have and he's been questioned by the federales. The FBI actually asked him were you getting this information and when he told him it was astrological they hung up on him so who knows. Anyway in his newsletter what Arch did was he focused on this pattern that we've seen so many times before it's also known as the T6 pattern that's the expanding triangle broadening top the one two three four five reverse point wave the T6 pattern in the Gartley in Gartley's book and you'll notice that that's where we are. You notice that the little red line there we were 27 52 the week ago last Friday remember we got down to 27 28 on Monday the third and now we're banging up against that 29 level again this morning so this market has certainly held pretty good we have a question here from Ruby says do you have any mark Douglas trading do you have any do you have any participation on the mark oh no no no no Ruby mark moved to Tucson on August 16th or Elvis's birthday no the day died sorry August 16th was the day he passed away on 1996 he'd been coming in my house Pismo and all the stuff and he'd been working with me for quite some time he was just starting the trading in this own book and he just he'd lived a half a mile away so he'd come over every day we shared an office together he had a you know his own office but we basically set side by side all during that time and people would come in to visit him and ask questions but he did everything himself the only thing I might have been interviewed one or two times I had absolutely nothing to do about it when mark does a book Ruby when you see one page and trading in the zone there are eight or nine pages that he wrote to get exactly what he wanted to say on that one page I'd never seen anybody so really wanting to be so perfected you know my books are not like that anyway I hope that helps a little bit you know but it's really I hope that answers your question if not you know and put it back in 877 927 6648 gold is next the Taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade the Taz profile scanner 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power of the Taz profile scanner by visiting the front page of TFNN.com and you'll find the Taz profile scanner under the services section remember with a 30 day money back guarantee you have nothing to lose don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades sign up today Steve Dahl and Tom O'Brien have just announced a special webinar on June 19th for all subscribers to the Taz profile scanner that will break down the trade matrix market breath heat grid as well as the three step process you can use with the Taz profile scanner to identify market movers and how to capitalize on that move for all the details and to get started with the Taz profile scanner today visit the front page of TFNN.com with a 30 day money back guarantee you have nothing to risk go sign up today TFNN has launched our brand new website you can still visit and you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 okay folks we're going to take a look at the gold market we talked about that possible double top up there 1354 excuse me 1352 we backed off you can imagine well it was 28 we're looking for $34 to come down to 1320 is what we'd like to see the 38% retracement of this folks is 1322 the load of day is 1323 60 and we're trading $4 higher now I've already had three emails saying is that the bottom and the answer to that is I'll let you know in a couple days I don't know it's still a little too early the good part is that it went back and touched the the highs that we made in March you can see that dark black line and all I did was connected that was an equal line and I'd love to have seen it make the 38% retracement at you know down $34 that would be one that I would really like to have but you know this is just a simple technical picture folks it's not anything where you have to count waves or anything like that you can you can see the butterfly bottom that we had down there where we had the triple bottom one two three times we went down to 1268 and then we had the really nice Gartley pattern that happened on the 30th of May and the way it went and this is a bullish chart I mean I don't think it's you know I sold out at 1340 and you know I'll probably have to buy it back higher I guess but that's what we're watching here whether it's going to be the case or not you know we'll have to remain to be seen but I really don't know if that's going to if that's going to be excuse me if that's going to happen or not but the good part nobody else knows either all I'm doing is focusing on the this action here now what I would like to see today we've had a five dollar rally well four dollar rally off the bottom I'd love to see it go down and retest that 1322 1320 level and then I really have a good spot if I buy it here I have to risk another five hundred dollars I don't want to do that so that's the reason behind it we have the same situation going on in the live hogs we talked about live hogs yesterday we had an order to buy live hogs at the August on the August contract and what happened was we didn't get filled we missed it by about a hundred and fifty dollars and what did it do it rallied a little over a thousand bucks and there we are waving the flag and surrender at Mount Sarabachi but by golly we didn't get in that that's my problem because I have to you know the people that I work here the people that subscribed that I care a lot about you know I just can't throw in a market order and say well you know let's pay for the best I've got to give them a spot where you know we don't have to risk very much and that's what I try to do not an easy task by the way and so I get as close as I can sometimes you hit him spot on other times you don't but what I'm looking for in this gold I still think we got a chance at this 1320 and that's the one that I'd like to really look at very very closely now if we had an ABCD pattern from the high there at 13 52 to where we are at 13 23 down 29 dollars then I would really be all over this but we don't have an ABCD pattern there so that's all we have in fact we don't even have a 382 retracement so I I can't buy it I mean I that's just what I'm looking at so I don't know if that's the right thing to do but that's what I try to do you know there's nothing else that I that I can do is to see what's going on with this I have no idea about what's going on with any tariffs or deals that are made I don't believe any of them but that's neither here to there but we'll we'll see whether any of this stuff means anything on a longer time frame or not we are going to have Tim Boss as our guest on Thursday I'm going to do my best to have Samuel Archibald Arrington Hicks Crawford on on tomorrow if not I'll try to have him in on Friday Tom Tom Arch is really he's posted something he doesn't he doesn't go out on a line like on a limb like this very often folks and he is really talking about a potential conflict or war here and you know be able to see whether it's going to happen or not but we'll get Arch on here to tell us what's going on he's had he's made some amazing predictions you know based on astrology and I again I I only know a little tiny bits and pieces I used to think I knew a lot more until I started seeing the stuff that Alphie Levoix and Bill Bill Meridian and some of these other guys do might keep my stuff as simple as possible and I've got to have patterns and ratio along with astrology otherwise the Bradley gives you a little bit of a lead but you need pattern and ratio to determine what the risk is going to be that's how it looks I remember I'll repeat this story because it was one of my favorites back in November of 1989 I saw this monster pattern in astrology that was really exciting and I said no matter what happens I said this is going to be on every newspaper in the world and if it's not you know you're going to get a free subscription to Astro Cycles for a whole year that happened nothing happened in the market but it did hit the newspapers it was the fall of the Berlin Wall believe it was November the 9th of 19 could have been the 7th the 8th or 9th of 1989 and believe me that was a big deal that opened up the world and that was one of the reasons why the stock market after that bottom after the crash of 1987 that was the really kickoff thing is going a whole a whole lot higher so those are just a few of the things that I just like for you to know because I I try to have guests on here that give you a good idea and boy they do have some great stuff I mean you have to admit the guests that we've had have had some really terrific stuff but what I do is relatively simple I've got a few little quirks to it but that takes a little bit of time to learn but it's just basically ABCD ratios and proportion you have to tell yourself that the market repeats over and over again it is predictable within limits that's what your edge is you try to be right about six out of ten times your winners will be bigger than your losers and hopefully you'll catch one or two big ones like we did in gold and hogs and stuff like that but you don't always get that you know but you try to get the ones that you can't we've got a nice start in the the Treasury bond but you know that that could change in a heartbeat because if we get above that the big number that we're looking at in the Treasury notes up above that one twenty eight in September notes you know we could be we could be watching a market that's going to be having a situation where we have negative interest rates in fact one of the things that Arch focused on in his letter was a comment that was written an editorial written in Barron's that's why we really need to get Arch my first thing today after the show is to give Arch a call to have him on the show for tomorrow or Friday at the latest because he really is I respect the guy's work and we want to listen to what he says because you know if we're prepared for it you know we might be able to see something that looks pretty interesting so we'll just do one thing at a time and from here to see what we're looking at here okay someone asked a question about the coffee the coffee's holding up relatively good Ruby but I don't know it hasn't broken out to the upside it needs to get above that 105 level in the coffee and then it could have a pretty good run but right now you know it hasn't really actually it's 106 that we need to get above that level but it's held some pretty good support and some of the other commodities are holding up at the same way and that's about it Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day this will be up to the date active trading information that will help you in your daily trading in Larry's first week alone he sent out 25 charts, 6 videos and a full report to his subscribers in just one week if you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of TFNN.com under trading newsletters the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30-day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30-day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters for all the details and to start your 30-day free trial today log on to TFNN.com now TFNN is excited about our new software charting program the art of timing the trade chart in collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System David White has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including garlics, ABCs, butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee Don't miss out on this incredible new piece of software Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com 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 Ok folks, I'm going to post the chart of the June hogs first and then we're going to look at the August hogs showing you the difference why trading sometimes can be a little bit more complex than you might like to think but if you'll notice on this June hog chart you can see the bottom we had down in February we have beautiful three drive to a bottom pattern 786 that was Mother God and Country on this one you have a nice APCD coming down to the 78% level the June hogs did make the 78% level to the exact tick I mean with just a few dollars the problem was because this is June you can't trade June hog well you can but that's really I'll look at platinum in just a minute Ruby but let's take a look at the August hogs you see August hogs had not quite made the let's get this up here I'm going to walk through some trading strategy here because you get tired of just looking at these darn charts anyway you'll see the double top we had up there in the August hogs remember June hogs went about four or five cents higher this was a sign of some pretty good divergence and much like we could be seeing in stock market right now and but if you notice the ABCD to the downside a beautiful three drive pattern coming in at 8160 81 57 the low last yesterday was 882 30 I believe it missed it by just a Harris breath and of course it went to 85 a big move now what what I'm going to do because I miss this order so what I'm going to do now is I'm going to be following it on a what do you call it why are you getting tired of being stopped out Maria that's that's what you're supposed to do that's that when you get stopped out that means you're just that much more to your next trade the day you don't get stopped out is a day you don't use a stop and then you run out of money dear so if you don't use a stop what are you going to do can't do anything but a bang by the boom I get stopped out all the time it's like breathing dear so don't don't kick you got to get yourself a stuffed animal get yourself a stuffed cat and kicking around the house a little bit and be okay don't get a real cat because a ACP people will be after you and you don't need that never had a pet in my life not even a goldfish okay there you go you can you can kick the hubby around that's okay that's that's that's the usual thing okay let's move let's move on to these August hogs because what I'm going to do now is trading around 85 the buy point is about 82 so it's three cents away they could easily go back there and touch it one more time maybe like what we're looking at in gold I don't know the answer to that it's still way too early to tell and that's the key thing that I wanted to tell you that's what the trading part is all about I mean you got it you got a trade set up beautifully you wanted to do exactly what you wanted to do but when it doesn't do it exactly you have to change your you know the way that you're looking at it just a little bit to say how much do I want to buy hogs here and risk three extra cents absolutely not the easiest way for me to do that would be to send the checks directly into Chicago Mercantile Exchange so I could forgo the $4 commission because I do not do very well chasing markets I just you know just not in my not in my bailiwick I just don't particularly you know really care to do that so let's just remind ourselves that that's where we are all right let's take a quick look here platinum I want to do it two-way well I want to do it two ways here's where we were on Friday I want to get it up here and then what I will do is to bring up the platinum live here so we can see it all together and I'm pretty sure that had a pretty good rally I heard him talking about it in the den a little while ago so I think we had a pretty good rally in platinum but I'm not sure which would be unusual because it has been doing the exact opposite of gold no I didn't do anything it says it hasn't even been a dead cat bounce someone said it got to 840 what are they talking about they must be using some of that cannabis stuff that I see on the air quite a bit give me a second here now and I will get with my new system I'll be able to get this chart right out to us so we'll be able to see it and we can see that the platinum has not really done much and here it comes there we go we'll be ready to go here and if you have any questions it's 877-927-6648 you know platinum is just in this trading zone here between 788 and 835 remember gold is taking out the April high platinum hasn't even moved so that's it that's pretty much some of the things that you're that you're that you're looking at so anyway that's it someone's asked a question about a lot of things that mark has talked about other people you know use and stuff like that folks mark was all for that because he felt that if he thought his stuff was enough to be copied by everybody he felt that that was a really good thing to do and he was all all for that so that's the main thing so that's pretty much I hope that answered your question about the platinum I still think it's got a chance but not much it doesn't look like it's going to be you know it doesn't doesn't look very bullish here considering what gold did we have to be really careful with the gold folks because that could have been a major double top in gold we've seen it before we saw 1375 we could have seen it again at 1352 there was no yes he did he really he traded only traded two hours a day and he only traded treasury bonds that's all he traded didn't trade the S&P he had a little system for trading the opening price and bonds that you know took some money out and that's that's what he was there for and he did that's what he did he had no interest in watching the markets he would put the order in and it never even looked to see what happened afterwards there would be a stop and then the the execution he was right a little better than 50% of the time but was consistent enough to it was a good little system I think his wife Paula still uses it as I recall but that's neither here nor there so we need to pay close attention to what you're doing not what anybody else is doing you're the one that has to take the responsibility and you know you got to put together the things that you like that you can understand and you know some of these guys are so good with using the using moving averages you know Steve Rhodes Tom O'Brien Basil Chapman they do a great job at doing that stuff I I'm not an oscillator person you know I look at just what the bar charts are doing and that's really what I'm trying to do is just to figure out what what I'm doing and that that's really what it's all about so if you have any questions it's 877 9276648 I'll be happy to answer them for you but let me have to double check some of these markets because we're at such critical levels up in here today that it's going to be very very interesting day another one that we need to talk about is the fact that the banking index has had virtually no rally power here which is a sort of negative thing to stocks but not much the rest of it looks really powerful to come out of here that bottom on June 3rd at that Bradley bottom that was that was pretty powerful so that still looks pretty good all right let's take a quick look at what we're looking at here so we got up to where we're trading at 2905 now in the S&P 1328 in the gold so that's not going much going on I mean the bonds still look terrible the bonds have had a big break here and what you want to do is watch the 382 retracement here in the Bondolis that would come in here at 15320 up about another 7 ticks we made a really nice ABCD this morning just absolutely spot on at 5152 26 that was from the high back on the 7th the low down on the 9th and then back down again so we'll be right back 877-927-6648 you're in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly according to bankrate.com the best rate for a 4 year CD in the country as of February 20 is 3.1% a $50,000 investment at a normal 4 year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the 4 year period that same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year or $14,000 over the 4 years which would you prefer $6,200 or $14,000 of interest on your investment if you would like more information about the Tiger First Mortgage Program 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bear binary option hour next on TFNN okay folks I see that Peter from the E-minity S&P made it 78% retracement so I posted that chart in there for you to take a look at it we're up 8 days the odds of the market going lower on the 8th day is about 85% but remember if it goes up more than 8 days it's in a run and it could go anywhere it wants so it either stops right here at the 78% level or we'll see now we stopped at the NYSE already the cash index but that's some of the things that we're looking at here I wanted to share let's see we might have a caller coming in here here we got a question here from Mr. Z how was your 6th day Bradley has been lining up it's the Bradley model while there's too many questions here the 6th place but you know the only way I can do this Z is to let's just bring up the Bradley so we can take a look at it together and it's lining up pretty nicely and Larry Williams's date came in on the 12th wow that's tomorrow but that's going to be a high see what I did here all I did here this is the Dow Jones industrial you notice and I had the ratios there that I was looking at and we're right at the 78% retracement there in the Dow that's where we went short today but the June 6th date lines up pretty nicely now I don't think you're not going to catch all the little wiggles in here all I'm doing here is I'm looking at an 8-day run into a 78% retracement with divergences and the doubt in the Russell the banking index and the New York Stock Exchange Index so that tells me if the market is not nearly as strong at least today I mean my god look what happened since June 3rd I mean give me a break because this is really powerful so that's all I'm looking at and I'm not you know hey I'd like to be a buyer on anything see Z's asking join the sales before mid-July to monitor time wise no sir I do not I'm not that's beyond my pay grade I don't want to risk that amount you know if I have to make a decision between the 11th of June and the mid-July that's a whole month how much do I have to risk to see that right on that or not and I don't like to risk that much as I entered the fifth furlong you know so we'll see why is that bad thing Peter I don't know what that means but we'll see okay could you Peter could you explain to me what that means about the spite down to low that's just short-term trading stuff folks at 1011 points that's not that's not a big deal the fact that hit that exact number in the S&P that is a big deal because look what happened when we hit the exact number at 2730 on the downside the ABCD what happened there the market rallied 130 handles so yeah it does make sense it is powerful you know but it's not always powerful you know like my grandma said you got to kiss a lot of frogs in the old pond before you find the princess so just remember pucker up and use them birds bees for chap lips anyway the question about bit go by the way folks you know we get some great charts here from the UK and the gentleman that sends those to us his lovely wife they come to visit us several times in Tucson she passed away after a two year bout with cancer and I mean it was a terrible I mean what they went through was this got to be something that not good about that but anyway finally peacefully went away so sent some white light out to her I wanted to share with you a really interesting chart that the rich Anderson was able to stand along because we talk about this expanding triangle pattern quite a bit this comes from a man called Northman trader but he did a beautiful job you know looking at this over the last three years you can see the three drive to a top pattern drive one you know drive two is lower than one three is higher than one and three is lower than two and five is higher than three and or two wait one two three higher than three so then you have that three drive to a top pattern now then he's making some prediction here that you know the bottom that we had here in June we're going to go up and make a new high may or may not we don't know that but that's what he's looking at but the colors are nice it shows you the panels the channels and everything so you know it's a good way and he's got an oscillator up there that I don't quite understand but that's that's neither here to there but it's a nice pattern showing it it's really really quite nice it was a T6 pattern in Gartley's book on the patterns are from pages 200 to 250 and he has him categorized a T is a triangle pattern so a T6 is a triangle with a six handles whatever that meant but it's a T6 and then he had others of course that were breakout patterns and you know the ABCD's are on page 249 of the Gartley book so that's neither here to there now also on the move here we had a pretty nice move in the NASDAQ to get up to that same level so these are really critical levels folks that we're seeing here and you notice that we went all the way just this morning we went from 212 down to we dropped 12 handles so what did we do we rallied right up to a 61% retracement at 2908 and here we are about here we are just jumping around again that's all it is so that's neither here nor there the the key the key market that I'm really watching today is the Treasury bond market because if we can't get above 15320 we're trading at 15316 right now that's telling me that that high that we made back last well it was a week ago we didn't make a new high on Friday we had that divergence but that's telling me that we could be looking at something really significant you know to the downside so the other one that I'm watching of course is the fact that we might be able to get that gold down one more time to that 1320 level because at 1320 you only have to risk $5 an ounce and $5 an ounce on a contract that's worth $132,000 dollars is a good a good risk reward play because when it pays off it pays off you know relatively good regarding the currencies that the Euro and we talked about the fact that that dollar index was at a critical level it's still held you know the Euro is trading at 11317 is hardly backed off at all that's a really bully sign IE bearers to the dollar so all of that means something and folks I don't know anything about the tariffs but I don't think anybody else does either just look at the bar charts and see what's going on our corn our corn is trading at 428 in the Christmas corn we want to buy it at 420 we talked about that you know there's one that's really set up nicely whether it's going to be you know mean anything or not I think it's something that you know you got to have on your watch list this looks just like the gold market maybe you miss a little bit but take a look at the take a look it's exactly like the gold chart in fact they're both the same color orange gold yellow that's sort of a joke but anyway you'll notice the old highs way back in June I drew that line across comes in at 424 the 382 retracement the ABCD comes in at 420 and this was as a Friday we were at 433 we're now 428 right now 8 cents to go if we get down there that's that's where you pay your money and take your choice I mean that's what you look for pattern and in ratio and everything you don't need to know the fundamentals you can never know enough about the fundamentals anyway in my opinion but that's neither here today I had a relatively nasty email from someone telling me that fundamentals was the only way to go and I told him I said I can understand that and I respect your I respect your opinion as Abraham Lincoln once said however wrong it may be 877-927-66 482 and a half minutes to wrap up time boys and girls I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the 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software packages that will be shown in historical context as well as live for current market setups identifying the key trend allows one trade with the tide rather than against it subscribers also gain immediate access to three archived workshops so you can get started right away when you sign up for all the details on the opening call and Bazel's upcoming subscriber webinar the tide this coming Wednesday visit the front page of TFNN.com and sign up today 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 we're back folks and I've almost got it lined up to have Arch Crawford on tomorrow to talk to him about the situation that he highlighted in his newsletter about the strong potential for a war sometime between the third well actually between the 16th and the 30th of the month of June the last two weeks he's made predictions like this before and he's better than 80% accurate so we're going to have him on and listen to what Arch has to tell us to remember folks some of this stuff does not come to fact I mean the Y2K thing back in 2000 Arch really thought that was the end of the world and he had enough food for like three years and stuff but it didn't happen but we had a lot of fun with him after that but some of them do you know and you watch it and follow the charts and maybe you can find a great situation I appreciate the folks that emailed me yesterday about buying the options in the gold and made a lot of money over the last big run up so that's great doesn't always happen that way but we'll see what happens we'd like to get back in that gold you want to be waiting for 1320 in the gold folks 1322 1320 is the area we're watching so you pay close attention that we'll look at that again tomorrow also and again we will have Tim Boss on Thursday he'll be chatting with us again and then next week we will have Stan Harley on and then also Bill Meridian we'll get back to some of our regulars towards the end of the month as we move through the section in here so that's basically what I'm looking at any other questions today the treasury bonds the key level is 153.20 that's a 382 retracement it would be equal to the rally after the big drop on Sunday night we're down two handles from the high which is a couple thousand bucks that's quite a bit someone's asking about the key levels in the S&P if we get above 29.20 it's off to the races it can go anywhere it wants to and if we get below 28.70 that means a major top was in today at that 78% level remember the NASDAQ did not make the 78% retracement nor did the Dow Jones industrial rich nor did the Russell so there's a tad divergence live every day in an attitude of gratitude and may God bless