 Welcome folks. This is Tom O'Brien of TFNN. We're here five days a week. We go seven hours a day We go 24 hours a day in the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows. Hope everyone's having a great day Safe day. Let's make it a great night folks Serve the one you love Once you decide to be a couple you dare to serve the one you love to serve your love to your lover And every kiss and every touch you feel you're there to please the one you love without expecting anything back Make it wise. Let's take a look at it out here. We have the now industrials down to 63 Nasdaq's off 30 S&P's off 31 gold contract down 25 dollars treated 1806 and ounce you get silver down 35 cents 20 dollars 90 cents an ounce light sweet crude off 2 bucks 262 right now buck 18 32 a barrel notes and bonds they continue to plow how they hire You get the 10-year note right now trading down 29 ticks at 114 11 the 30 off a full point plus 10 ticks at 131 oh seven and King dollar King dolls up 494 ticks straight now to 105 573 the euro out here is at 104 the yen is at 135 and the British pound is at 119 to 1 US dollar iPhone number is 877 9276648 give us a call folks One notes going on in your world and the world of the S&P's let's take a look at them What do you have well bottom line folks first off? Even after the lows yesterday you had the volume behind the move you blew the b-point away the b-point on the SM Spy is 131 million price projection by the price of the b-point was 380 We did 100 270 million bottom line that gives you a price projection of 335 and if you take a look at this, this is crucial to really understand how this is set up Why because I've been talking about JP Morgan JP Morgan's already there You take a look at this and we take a look at the aspect of 335 What you're gonna see here is that you're at the February Pre-covid level. That's 339. So I suspect what we're gonna see here is that the market is gonna dig into the highs of the lows Of March of March COVID so long way down. That's really not that far down actually It's only 50 points down and we've already down 100 But boy, there's next 50 gonna be painful and the x100 3 queues What do we have with the 3 queues bottom line with the 3 queues out here same setup 3 queues You had the b-point that was set up out here at 280 that's 180 dollars. You had 91 million shares traded You did 94.4 million shares traded. You're 276 274 right now your a to b Equal c to d gets you down to 222 and 222 is gonna get you This gets really interesting with this one. Yeah, I guess it gets you right down to February 20th of 2020 And we look at that. So you got what that's 50 points Yeah, look at this and we're already 125 the thing that's crazy that I mean perceptions always everything right the thing is that I'm looking at I'm saying myself hold it. That's not that much further down But yet that's because we're already going so far down. We're already down off 408 dollars, you know and Bottom line you get the gist of it The bottom line is and I hope you understand what ABC structures do folks because a to be equal c to d The a to b move is a straight line move the c to d can be all over the place and Actually, let me bring this back so you can see how this works because this The c to d move is also a straight line move Then if I put Fibonacci with this you're gonna see the type of bounce that we actually got it was just over point 3a2 that's a dead. That's a dead cat bounce man. That's the bottom. So it's trouble We take a look at the gold contract. What do you have with the gold gold contract went down hard yesterday a bottom line right now We're trading down. We've got 150,000 contracts now. That's that's lightening up. Thank God because You know, I suspect what's gonna happen here. We get the Fed tomorrow Bottom line meeting There we go, we get the Fed and they'll be coming out at 2 o'clock tomorrow You know bottom line giving us the rate increase and I suspect this gold's gonna go after this 1792. That's the way it's set up right now and good old King dollar So King dollar is the number here that could get pretty intense man. If King dollar, let me tell you something If you want to go to Europe right if King dollar actually does get up to this 121 You're gonna load up on euros man. I mean because what we're gonna have here here. Let's let's bring this back I gotta bring this back actually I don't have to bring this back almost Well, let's see. I've had Yeah, so there it is here. So watch this so your next stop You get a swing high at 121 and That's where I'm figuring you're going. Let me look at this one up here 151 when that was 1987 1984 Okay, so hold it. Let me bring this back to there because we're gonna take one step at a time where that's 2000 oh, I see okay one second That's okay, so here we go Okay, so you can see how this is laying out what you have you've had this consolidation the consolidation that the dollar was in This is a long consolidation. I mean, you know, so it's built up power man And this is telling me that this is you're actually gonna go which is gonna be a mindblower So the the top of the consolidation was 103 the bottom of the consolidation is 88 Would you know when you basically add that up you got 15 points you had 15 the top of 103 You got 118 and look at those highs up there the laying out there laying out there a 120 167 So bottom line is that it looks to me like this is where we're going and if that's where we go And let me tell you something man We'll go to the euro the other side of it. So we can go to euro Europe go to Italy go to the Amalfi coast have a good time Bottom line if we go there watch this. I think we'll go to 87 on the euro That 87 Yeah, it is because I remember that that I remember when we were doing that the last time I was yapping the same deal It's 87 man. So and you can see what's happening with the euro It's just ready to break man anything under 10521 which you're under right now next stop man, you know bottom line. We'll see how long it takes You know currencies, you know normally take a little bit longer, but currencies trend in an incredible way versus equities of futures and Right now man the trend and the euro is down the trend during the dollar is up the feds gonna come in tomorrow and Bottom line, you know go up on rates again, and that's what that's what you're seeing here That's why you're seeing that that 10 and a 30 move so quick stay right here folks. Come right back