 Let's get over to our members to Tim or as we do every Tuesday and Thursday. And remember folks, you can reach Tim every trading day at odd dash oracle.com. That's odd dash oracle.com. Tim or what's going on? Well, I sent you over a actually four charts and let's take a look at chart one. Okay, I haven't. All right, which is basically the SPYs. And I have two shaded areas there. Yes, better pink. Anyhow, the first one I have open gap that day was September or July 12. And that day has 91 million shares. So when that was a gap up. So when I sent you over this chart, we didn't touch that gap yet. Well, in our day today, we did touch that gap. So the day is not over yet. We got about 70 million traded right now. But if we hit less than, well, 10% less than 91 million shares, which is what, 81 or 82, somewhere 82, 83 million shares, then that would be a test of a gap on lighter volume. Okay. And that would be what might be support. We also had yesterday we had a trend close to 1.17. I like to see 1.2. It's not written in stone, but around 1.2 seems to be enough panic in the market to really just so low. But last Friday, we had a trend 1.79 pretty close to the same area. So if you notice when these trends get in panic areas, they all kind of do it in the same area. Yes. So that's what's happening here. So we went down and broke a little bit below price low, but we got panic again. And I like to see the trend or the tick rather close around at least minus 200 preferably lower than that. And last Friday we had 414 and yesterday we had 208. So not quite as much panic, but still panic. So I think we're making a low, I think, today. Again. Now, when you're saying that when you're saying the ticks, you're looking at the closing tip tick, right, Tim? Yeah, just a little bit. Yeah. Okay. When everything jail interday, I've tried that studies in the past. Yeah, we used to have two of them. You get the first one that, you know, within three days, 70% of the big one, right? Yeah. Right. Okay. All right. So yeah, so yeah, these are all in a close. And so yesterday's volume picked up a little bit. When I put my bicycle out yesterday, I didn't know what the volume is going to be. I thought it was going to be a liar turns out to be a little bit heavier. That implies yesterday's low is going to be tested. Well, it is testing. We also came didn't touch the gap yesterday. But today we did touch the gap, even though this chart doesn't show it because it's interday. But we touched the gap. So I'm concluding probably today's volume is going to be lighter, 10% lighter than the gap volume. So anyhow, so we can't get through the gap, can't get through the previous lows, you'll try to take out the previous highs or go back up to the gap area. So I'm thinking during expiration week, I don't know if the rally really starts tomorrow or Monday, but probably expiration week, we're going to go up and test the upper gap, which is the August second gap. And the same thing will apply if you test that those gaps on lighter volume, I didn't write down the volumes, but you look like close to 100 million shares in that range. So we go back to 454 and volume drops say to 90 million shares, that gap's going to be resistant. So I'm thinking that was this is what's going down right now is an A we go up to a B, then we go down to a C is what's thinking was happening here. So it's quite a sell off today, man. I mean, you know, we had it spread in the S&P of 60 points from highs to lows. Yeah. Yeah. Again, I know I was close enough. I thought we'd go touch the gap and here we are. I might got the closing low. The day before, it wasn't really that much room because if we do go to 454 and find resistance, only about a percent up. And to me, that was not worth the rest. If I got two or more percent, then I'd take the trade. Yeah. And if you take yesterday's close and we do get to 454, that's at least two percent. So that's worth my while. So right. So anyhow, that's what it looks like on a short term basis. So I'm thinking we're making a low probably some sort of rally during expiration week. We get up to that gap up above and we can't get through that. Then we'll turn back down again. So in the more times you test the gap, the more we the less resistance that our support that gap has. Yes. So we touch it today. If we do rally up and we only touch that top gap one time and find resistance, we go down again. That gap won't be that gap at July 12th won't be we won't be supported anymore because if it's the second time you test that gap and normally a second time you pass through. So we'll see how it works. You know, it's a bunch of garbage in here. So it's not like a trending market. But so anyhow, it is what it is. Right. No, no, I get it. I get it. Trust me. I get it. Yeah. Which is what I think I'm in. Right. So the we go ahead. I'm sorry. Go to the second chart. Yeah. Or we're talking more about this. No, no, second shot. Let's do the second shot. Okay. So I have this. Right. This is a kind of, this is a bigger view of what's going on. And to me, it's bearish. The reason why the second window up from the bottom is the 21 day average of the trend. The next window higher is a six three day of the trend. And both those trends got into bearish territories here on this rally. And those red lines show the times when those trend readings got into bearish territories, most time it came at close to highs or right at highs, whatever. So in other words, markets, when trend stays low for a long period of time, it kind of implies exuberance, I guess. Okay. And the market needs needs to knock off that exuberance. So Zoe's mark goes from exuberance to panic, back to exuberance, back to panic. This goes back and forth over over time. So if the markets going up and there's no exuberance is going to keep going. And once you get to kind of exuberance, it's just a time to be cautious. So I marked the times in the past with those red lines, saying what, you know, most of the time they came right, you know, close to the highs. So I'm thinking this is worthwhile high that's forming here, even though we may rally next week. We'll probably rally next week, hit some sort of a high up around that 454 SPY range and probably go back down. And I'm hoping on the next decline, you know, we get panic. And like we said in the past, you know, for a bottom to form, you got to have panic. You don't have panic is going to go down until you do get panic. It's the only place of bottom forms is on panic. My bottoms don't form just out of nowhere. You know, bottom form, everybody's kicking in. Yes. When, you know, it seems that the folks have been panicking very quickly these days, right? Yeah. Yeah. So I don't think this is going to be a, you know, a big decline at all. I think it's going to be a pretty big, you know, not a healthy, you know, the only, I'm only talking maybe six, seven percent pullback. Yeah. But yeah, you're right. We're starting to see panic pretty close off the highest. So I don't think this is going to be a big decline at all. Yeah. Just stay there for a second. We're going to quick break Tim Lloyd myself. We're going to be right back folks. Our phone number is 8779-276648. The hour is up 79 NAS except 29 S&P is up five. We'll come right back. Welcome back folks. Tim or Tom or Brian. We do appreciate your growling and prowling on us out here. We have the dial industry is up 58 NAS like up 16 S&P is a flat. We are talking with Tim and we have a long term shot here of the S&Ps that we're talking about in the trend. Okay, go ahead. I'm ready. I actually, we're done with that chart. We can go to chart four actually. Okay. We changed. I have it. That's pretty much all I think I need to say about the long term chart. It got kind of exuberant up there because trend got so low. Yes. Over an extended period of time. It needs to just adjust. So nothing other than that. And I think the adjustment, you know, you're right. You know, we got panic kind of right off the low, according to the right off the high. We got trend rings kind of high already. That's a really good sign because if you're getting panic right off of a high, you know that the decline is probably not going to be that severe. So that's a good point you made. But anyhow, moving on to chart four. This is the chart. And actually it's the bottom window is the 50 day average of the uptown volume. And I circled in and read the times this indicator got below minus 20. The time it did, it was a bottom. It was a bottom in that the market quit going down, but it didn't go up right away. It went sideways. And sometimes went sideways back in 2016. It went sideways for like six months. And we've been going sideways now because this happened about June 15th when we hit below minus 20. And pretty much we've been going sideways since about mid-May. So it's been well, now we're mid-August almost. So it's almost been three months. The market really hadn't gone anywhere. And so, but what's important here as the market's gone sideways, this indicator has been going up, which is a positive divergence. But the rally really, from my experience, really doesn't begin until both those indicators, which next one above that, is a 50 day average uptown volume bass client indicator. But the bottom one, once you get above zero, that's usually when the impulse weight starts. And when I sent you this chart, it was 2.84. And as I'm looking right now, we're on 1. This is minus 1.88. When I sent you that chart, it has minus 2.84. So we're off a close to zero. And so once it gets above zero and holds above zero, that is the time the impulse weight starts. So that's a pretty cool indicator, Tim, as the aspect, because what happens, folks, when we go sideways, sideways, many times is building cause for the next move. So it frustrates everyone. We know that, Tim, right? Yeah. Yeah, you're right. So it would be going sideways, but this internals are actually getting stronger because if they were weak, they'd be holding down close to minus 15 or something like that. They're not. So it's kind of a washout move to the downside and the march on sideways, and you're building a base here. And this kind of chart kind of shows that. So the blue shaded areas, I didn't shade them all, but just the major ones. The blue shaded areas are the times when this indicator is above zero. All those shaded areas are when the GDX was in a rally mode. And sometimes these rally modes last just a couple of months, and sometimes they lasted quite a long time, especially the one back in 2019. That rally lasted over a year or so. I don't know how long this one's going to last, but I'm thinking we're going to rally above the previous highs on GDX, which is 36. So I'm thinking there's a trend line up there too. So let's wait and see. But this is by mean, it's not bearish. It's just bullish. So and everybody's kind of, especially we get authority people, the gold market's dead and all this other stuff. That's kind of a feeling of what the market is doing. So. Right. Hey, can I switch gears on you for a second? It's going to be interesting. What's going to, how is the ratio on the VIX coming out? Because this is so weird today. I mean, you know, we've had a 60 point move and the VIX is still in the red. So it's like, you talk about, that's almost saying there's no fear. So weird. Like the VIX is trading 1557. Yeah. That's what you want to see. You know, when the S&P said, well, we're actually just touched we're closing low right now. You went, you went actually when the market's going down and the VIX is not going down this bullish. When the market's going up and the VIX is going up, that's bearish. So the VIX right now is kind of saying the same thing. The VIX is, yeah, we're up. We're pretty much unchanged from yesterday. So far as the market's on, it's not saying a lot, but the VIX is actually lower now than it was several days ago. If you notice that. Yeah. No, I know. That's, I mean, and you know, I'm looking at a market that just sold off that many points. That's my point of it, I guess. It's like, okay, that's pretty wild. Yeah. Yeah. The VIX gives quite a bit of information. So I watch it. I do stuff, you know, the trend, I'm so familiar with it because I've been looking at it for quite a long time. Yes. And the VIX is not new to me. I'm just trying to figure out some new indicators with it. And I have, you know, intermediate indicators that work really well. And I noticed that if the VIX is going with the market, you know, if the VIX is going down along with the SP that's bullish, because the VIX should be going up when the market's going down, right? Yes. So, and if the market's going up and the VIX is going up with it, that's a divergence too. That means the market could turn back down. So if you notice, again, you know, last, you know, we're about, I don't know, this last four days, you know, five days ago, one, two, three, four, yeah, five days ago, the VIX was over 17, looks like on a close. Now we're 16. And the S&Ps is pretty much setting at its lows. Right. So that to me is bullish because the VIX should be higher. I get it. Okay, cool. Okay. So, so it's kind of confirming that probably, you know, and then we're hitting this gap today. And that gap again is 91 million shares. So I like to see volume 10% lighter because when you test the gaps like testing a previous high on 10% lighter volume, gas works the same way. If you test the gap on 10% lighter volume, the gap has support. So we're going to come in, we started, let's see, we're at, well, we're at 75 million now on the spy. So we're going to end up with that. Yeah, the July 12th is where that gap formed. And that had 91 million shares. I'm looking at the SPY. Yeah, no, that's what I have up. Cool. Okay. Okay. I get it. Right. Right. Yeah. So, so you want to come in, you know, 9 million shares less. So it'd be what 82 million give or take. Yeah. Even 7% liars is pretty good. So we're probably going to get over that though. With 75 already, we get, you know, 20 minutes left. But the last 20 minutes, they'll throw 20 million in there. We're probably going to come in about 90 million. So that's good. All right. Then that would probably mean today's low could be tested again. Again. Okay. Okay. That would, that's what we can see. So, well, listen, it's always a pleasure, Tim. And folks, it's real easy to get hold of Tim more. You can get his newsletter. Go over to our, go, well, go to odd dash oracle.com. That's odd dash oracle.com. Tim, you have a great weekend, a safe weekend. And we look forward to speaking to you on Tuesday. All right. Thanks a lot. Thanks, man. Okay. Stay right there, folks. Come right back.