 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, folks We are going to talk about the even any S&P first as you can see here I put up a four-hour chart going over the last six weeks We've completed the big ABCD pattern down We actually went below it by about 50 handles, which is not unusual because the market is extremely various as we all know After watching it drop the way it's been dropping over the last well since January 4th The important thing now folks and this is really really super important If we go below the low we just made down here at 3640 in the S&P We're trading above 3700 down, which is good But the ideal situation if you want to put your kids through college You want to get that Lexus if you want to do something really cool for your neighbors or something whatever your goal is Watch this level right here Because this level right here at 3880 Okay, that would be a 382 retracement of this high right here And if we can do it in the same time frame that it took here, which is about four days This is going to be what is known as the proverbial dead cat bounce And I hate to use that vernacular but by golly. That's the best way to describe it The key level is 3880 the first key level of course is 3760 That's the 382 off of the smaller swing that we watch, you know interday and stuff But I I don't know if this is what I see happening But this is what I think is happening and remember my goal or my motto is trade what you see and not what you think I'm waiting to see what we get here in these next few days We you see that we have turmoil in just about every single market that's out there Bonds have totally collapsed Okay currencies are in turmoil. Okay gold is dropping I mean even some of the commodities like corn, wheat and beans have sold off a little bit So we are in a different era and you've got to trade it just a little bit differently To me, this is probably one of the best opportunities We can have if it if it fulfills the way we think now Maybe this thing just falls down and you know starts going lower that I don't know But all I know is it if it takes three or four days up to 3880 boy That's gonna be a what we call a mouth-watering trade Now remember we're in the time zone of the worst time of the year Actually the best time of the year for finding a major bottom is September and October We've had several guests on my show Tim boss and Norm Winsky and Stan Harley and Jeff huge all really great technicians and they are looking at possible A low sometime in October and November It varies upon which the person that you we had as a guest But there's see very strongly that we have a bounce coming now to me This is what's important right now Because if we if we fail here, we're gonna see a crash folks and I I don't like to talk crash because You know what? I mean you only see one of these every generation. I was here for the last one in 87 I happened to be on Television in Los Angeles with Bill Griffith and Sue Herrera and talking about the crash as was arch Crawford We were on actually the same show with Ed Hart once talking about it that was in August of 1987 when we topped on August the 25th at harmonic conversions And that was nothing more than five planets in the sign of Gemini and that happened on October 25th The market broke down into September the 27th my guys here We are right now and we had a big solar eclipse there on September 27th And then we rallied up in a little four-day rally and this is what I think is happening now Into October the 6th and that was a another small cycle that we watch a little Mercury retrograde and Venus conjunct Uranus Nothing more than 88 day cycles all it was split up. Anyway, we hit that on that October the 6th We hit the exact 61% retracement and then down we came and of course the big brought drop occurred on October the 19th 1987 which was by by far the best buying opportunity of the 1980s That was a 61% retracement of the low from the August night high of 1982 so That's what led us to that huge move to the upside and we've had major corrections here folks You remember in 2000, you know, we dropped to 80% in 2009. We dropped about 70% but now But now oh my goodness if we drop that now That's gonna hurt a lot of people whether that's gonna happen or not I really don't know but our long-term projection now This is just a short-term projection And if we look at the longer term projection, then you'll see this is the mini longer or a mini long Now you know Okay, here's the smallest swing you see that one measures down to right here we've actually gone down to this level right here Here's where we are right now I think we get a little bit more of a bounce and then we get down to this one Then we're gonna see what happens but the longer term picture the longer term picture is the one you want to keep here I am the prize because that's even larger and if you take a look at that one We'll get this up here. So you'll be able to see the 61% retracement This is where we're going eventually and I believe we will be there by election day That's my forecast is we should be right around this level or lower Around election day so you can see that's where we are right now And that's where we think we're going and look how much we've come down so far in a very very short 10 weeks That's that's telling you something something's rotten in Denmark. Look at the you'll see here on this Look at the hold on one second folks. There's a Okay, just a second here. I gotta Take care of a little mosquito here believe it or not We have mosquitoes here in Arizona and we got that one taken care of But this was the COVID break You see and we've already exceeded the COVID break right here. See there's there was a COVID break There was this break right here. Look what happened after the COVID break. We just went straight up I mean, it was just no no holds barred and that was which I believe is probably the final top Now since I'm on a different Network now a different show today. I wanted to show one of the charts that I bring to to To show the folks because it has a BCD in it But it comes from Stansbury research Porter Stansbury and his group Phil Bonham We'll get this up here and take a look at it As you can see here, this was the 1987 crash it looks like a little blip and Folks in real life. It was a real blip, but if you live through it like I did it was not a blip There's the big ABCD pattern right here. Look at this ABCD right here. This is the one of 2009 That was March 5th boy. That was a monster low. I had been Doing the Tom will Brian show What was actually my own show from 2007 and I said on that date that there was the best buying opportunity Since 1938 and by golly. It just happened to be we went up and made the ABCD and we're gonna pay a few bills right now 877-927-6648 Blooming inflation we are purchasing powers eroded. There's no better place to protect your hard-earned money than ain't gold This the golds flagship asset is the Monk Todd Gold project in the northern territory of Australia This is Australia's largest unveloped gold project. We are talking a world-class gold project in a tail-one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the goal just completed the Mount Todd feasibility study Which resulted in a 7 million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive de-response ready development stage gold project This the gold trades on the New York Stock Exchange and the symbol VGZ 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 comm TFNN educating investors 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 comm the opening call newsletter is written by Basil 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 Basil Chapman and 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 comm educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, we're back folks. We're going to talk about treasury bonds and treasury notes now. This is where the real problem is folks It's not in the stock market. This is just the debt market and if you remember two and a half years ago They were two miles a year and a half ago. They were telling us about negative interest rates Well, that's not a problem anymore because interest rates on a mortgages now hit six and a quarter percent here in Tucson this week Up from a tad higher than they were just six weeks ago at three percent Now there are six and a quarter and not only that but the requirements now are much more difficult Now as you can see from this chart here in the treasury notes that we've been going making three eight two Retracements all through here the last one we made back here was ten weeks ago when we were Trading right into the Federal Reserve and everybody said oh interest rates are going to be dropping again Well, they are dropping but upside down this thing is now exceeded We're down into the area where we should have some really strong support between 1.27 and 1.618 But it's not really happening and remember folks There's so many black swan events out there that could really put this market into illiquidity and that is you know Well, you could go through them all first the situation in China rumors of president Xi being overthrown which would have to be rumors And the second thing is the real estate market over there is collapsing One third of the people that have mortgages there are on strike. They will pay the mortgages We also have a situation in Ukraine We have a situation all over Europe with the collapsing of the pound in London, I mean, there's just one thing right after another that could cause something You know really really dramatic to happen whether it will or not I'm not sure but anyway, we've done the notes now what we want to do is we also want to take a look at the T bonds now the notes are much much larger than the T bonds folks They're about six times larger because that's the vehicle that you use for credit and your credit cards and all the other Stuff that's the rate that they use but anyway, you can see the big a bcd measured here to 128 folks We hit it. We hit a handle yesterday folks of one twenty five 0.16 I believe which was Quite a bit below or the lower than the target But we should have a bounce in here and that's all we're going to get is a little bounce now three eight two Bounce on this is is worth sixteen or seventeen thousand dollars now I am not I am not picking a bottom. No, sir I'm watching it shorter term and by golly. It's doing the same thing that's been doing for Weeks and weeks and weeks and weeks. Let me get this up here to show you what it's been doing and Here we go. This happens to be a 15 minute chart over the last three days in the Treasury bonds those of you that Came on to my show here on the 20th We talked about this three eight two retracement. You can see the first three eight two retracement was right here There's your second three eight two retracement Right up in here 127 and now we're hitting down a little more whether it's going to be another bottom or not I'm not sure because this is a short-term pattern, but it's lining up the way that it should Okay. Now. Here's another one. I have to show you these because they're they're really They're life-changing folks if you learn how to use them, but take a look at this This is natural gas the wildest thing on the planet for trading this thing swings five and ten thousand dollars every day and a normal day Look at this. You have a three eight two retracement here five or six days ago You come all the way down here and look you make a perfect a B Cd to the downside and then you rally this move here was ten grand folks Last night. We had a perfect three eight two retracement. We've already dropped. Oh, you know well over $2,000 early this morning And this is when they're in the middle of winter or starting winter over there You think natural gas would be you know a chosen asset, but it's not they don't want it The news that we're getting is not matching what these charts are telling us folks. So we got to pay attention to that That's my two cents worth and I'm sticking to it Okay, now that happens to be the Treasury bonds and we did the Treasury notes now We want to go over and talk about Some of the things that are in the news constantly and have been for quite some time and that is the US Dollar index now I talked about this yesterday because it was at a very critical level and I'll show you what we're looking at here The chart up and then it will be okay if you have any questions folks It's eight seven seven nine two seven six six four eight You can see the ABCD structure on the way up the last leg. There's your three eight two retracement There's your a B CD look folks. We came in in five pips of the one point six one eight expansion And we backed off a little bit, but not very much, you know, that's the that's the whole key now I Probably get more questions about the British pound than anything because we have so many friends and relatives over in the UK that by golly it's something that you've got to Watch because they they're always asking you question about what's going to happen next with the British pound and Frankly, you know, we don't know all all we know is that it's had one heck of a run That's about, you know, all you can really say I mean, it's it's a really big one. Oh, we're gonna bring this up here to show you what this is on the long-term basis Now, this is the British pound. Now. Remember, I am just a technician A pretty good one, but I'm just a technician Here's the British pound. You can see the one three five pattern now on this day right here in April of last year Let's try to get there April of this year We were in London and we said this is where the pound should start to break and now you see what's happened We broke yesterday folks on Friday. We were down 450 pips and then we were down 500 pips on Sunday night last night Yeah, was it last night. Yeah Monday night and then we've had a bounce We got all the way down to 103 and we bounced up to 109 now The key level here if you're trading the British pound is to pay attention to this next number. It's one one eight That's the three eight two of that whole move from April So if we get a three eight two retracement over the next few days Look at possibly going short there because that would take out last week's high by a little bit and everybody thinks Oh, everything's great. It's copacetic. Yeah, well, it's It's copacetic because it's not going to go up, you know, this this pound is headed for parody and under The baby cd on destruction folks structure is none other than 85 It was trading for 85 in 1985 when I was in Pismo Beach, California And my friend Byron Tucker was there and he was trading foreign currencies for leo mollum and leo was loading up the British pound at one at at 85 And that was when they were having a big meeting at the chase excuse me the I can't remember that hotel now Right on Central Park Anyway, that's that was one of the big, you know G7 meetings and I was before g7 and stuff, but it was a big foreign exchange group The central bankers getting together that was the bottom of the pound And from then there we rallied all the way up into this level here as you can see and now we're coming back You know down a whole lot more. So Have some trouble over in the uk, but they'll get through it just like we'll get through all of ours We'll be right back boys and girls Vista gold owns and operates the largest undeveloped gold project in australia the mount Todd gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing An accreted transaction. Vista gold trades on the nyse american and tsx under the ticker symbol v gc Vista gold executing a strategy to create shareholder value TFNN is excited about our new software charting program the art of timing the trade charts 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 guardleafs abc's butterflies and much more the art of timing the trade charts is designed to Help you when scouring the markets for stocks just beginning to form the trading patterns that 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 dot com 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 TFNN has launched the tiger's den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today And become a part of this educational community of traders. Just visit the front page of TFNN.com Okay, folks, I have a chart up of the uso which is the etf for the Excuse me oil market and as you can see here, this is a weekly chart It's completing a beautiful abcd pattern there on the weekly So we might be right near a major bottom in the oil market We've been talking about that with the situation with natural gas and also with heating oil and A gasoline they're all looking at like it's the same same pattern now I wanted to go a little bit deeper now And the fact is we get this my good friend allen smith over in the uk who's a very large oil speculator And speculator is he's an intelligent risk speculator folks. He knows what he's doing. Okay now Let's take a look here now. This is a little bit different because This is we're going down to a much smaller time frame folks As you can see here when we're watching this we're looking at a daily a four-hour chart Okay, uh, how do I unpack? I don't know how to unpause my chart. Is it working now? I'll let me Let me try it again. Hold on just a second. Uh All right, just give me a second and get in. Okay. It's okay now Anyway, you can see the abcd patterns on here. Look you come down There's look at your 382 right here folks. You ever wonder about 382 This is what I think is what we're looking at here in the stock market here the next few days And then you come down you make your bottom down in here, but look at this big bottom. We've got the big abcd down a B cd. Okay, then we got two others coming in here You got the smaller one right there and the larger one right there This tells us we're going to get a pretty good bounce In the crude oil if in in the whole complex is what it looks like maybe the energy complex You know rises the market because of uh, you know, it's been the stronger of the of a weak market You know and believe me they've been very very weak. That's for sure Okay. Now, let's get back and talk about the german dachs because our good friend tommy terrific tom hugard trades that a lot and he has been on the negative side of that for About four and a half weeks right now pressing really hard over the last You know six or seven Well, excuse me since the middle of september and you'll see why here because when you're looking at this german dachs You're seeing the same abcd pattern that we see in the E-mini s and p the dow Jones and the nasaq that's that big abcd Coming in right here and there's another you can see here There's a three drive to a bottom pattern coming in at the same time So as long as we hold this low and I think we can for a few days And that's all you're going to get is a few days and then it'll look out because they're going to come down and October is going to be a month to remember folks just like it was in 1987 Maybe it'll be a major bottom Maybe it'll be the start of something even bigger or better or worse. I don't know all I know is Volatility is here to stay You know, we've been saying for months and months and months if you got the volatile volatility index anywhere near 10 Buy it because volatility is going to increase and now you see where Volatility is it's trading around 20. I think it's about well, it's way above 30 right now So we're going to find out how this ends up, but Volatility is definitely here to stay. Okay. Now. I wanted to cover a couple of other of currencies because They they're all part of the mix So just give me a second here and I want to get the Australian dollar up by the way if you did that trade in the 382 we trade in the treasury bonds You now have about a 500 well $400 profit So I'll put that up here so you can see it So make sure you put your stop and break even on that Because that way you're in a risk-free environment and that's where you try to be Every time you trade you don't always get that chance, but this one was perfect You had a high right over here. There's your 382 retracement exactly you come down You make the 382 again of you know this other number Way back here. That's the 382 that whole number folks It also happens to be 50% of that one So tells you that the bonds have not stopped going down now The only chance they have today is if they can get above that 128 level up above here Then they'll say uh-oh Maybe this is finally getting ready to have a three or five day 10 day rally Whatever it's going to be because I don't know how long it's going to be I'm just watching to see you know what these numbers are. I told you the numbers to watch in the s&p. There's two 37 60 is the first one and the second one is 38 80 If you get a spike up to 38 80 anytime in the next few days Have your selling shoes on folks because that one's going to be The big daddy rabbit that'll be the one that's going to be really pretty cool Those of you that were on the show here on my show on friday I was talking about that right before of course I was on at one o'clock and the market closed at uh one to two so it's still Two hours to go But if you excuse me one hour to go two hours to go But anyway, look, I was saying here that you can see the 382 is all the way down But I was saying the market had a chance to rally here Into this level right here, which was the 382 of the high we made Back here when we had that fed day thing where the market was 2300 points in the dow Jones 2300 because you were six up six down and then 12 down I mean that that's how you could come up those big big numbers and then It broke and the first chance it got was right there at a 382 retracement here and then down So there's the 382 retracement. We've hit this thing four times Since monday folks. So this is uh, and this is only tuesday Well sunday night So it's it's got some major major resistance in here And if we can get above that and if we can get above that you'd be looking at 37 60 in the s and p and you'll also be looking at 3880 potentially Which is the long-term weekly pattern that we're watching here So I hope that Lines it up for you to see what we're looking at and I wanted to get back to the currencies And show you folks, you know what we're looking at on some of these because They have had a tremendous collapse. Let me get down here because we are almost here In the british pound. Let's try it again. All right. We've already made the british pound. This is the australian dollar We're going to get this up here And as you can see it's been barriers for a long time there was your 382 retracement right here And look at the 135 pattern here folks. There's one three and five just absolutely perfect The last one being 38 percent of the high that we made back here on this day in other words Down Right here is a 38 percent retracement and then by the bang by the boom We're coming down into 63 and change. We got to 64 and change Yesterday, but we still have more to go to the downside, but as you can see these patterns are completing That's why I am on the firm believe that we're probably going to get a pretty good bounce here in stocks I don't know three five ten days. I don't know what will be ten three to five days Is all you're going to get and it'll probably be a 382 off of that previous high Those were those numbers that I gave you earlier this morning 37 60 in the s&p is the the first 382 And then the larger one right behind it is 3880 So anything above 3880 This stock market might have made a major bottom in here But I certainly don't see that under any stretch of the imagination folks I really don't and I spent a lot of time with cycles and it doesn't look like That and the market action is telling you that's not what's happening either if this were a major bottom We would be up 700 points in the Dow Jones already today Because it's it'll trap those shorts in and look out your true. They'll they'll tear the Little they're little they're they're little hats off because that's a good an acronym Because that's where the real action is going to be is when those shorts start to cover and It'll be a monster, but and maybe it maybe it's a major bottom That's the question that everybody will be asking as it rallies and my answer to that is Oh We'll be right back folks eight seven seven nine two seven six six four eight 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 basil 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 basil 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 china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.com 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 8664767523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including 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 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 program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Okay, folks. We're back. I posted the chart of the canadian dollar versus the us dollar It should be reversed. Sorry folks. It's a us dollar Versus the canadian dollar. In other words, the us dollar is very strong against the canadian dollar As you can see here. We were setting up there at the 61 retracement on the long term Weekly chart and we went through that like it didn't even exist on sunday and monday So it's exploded to the upside just like our dollar index did But that's uh, we're getting close to what I think is going to be a minor top here In the us dollar have a little bit of a correction and then more of the same because These markets are looking at things that are very very unusual with liquidity With the the 30 stop and thinking this folks. This is the problem that we're having the two-year bond Okay, is selling for 4.3 this morning and The 30-year bond is selling at 2.6 the 30 year Folks in in a hunter since 1896 that's 30 years after the civil war They've never seen that before And it's not a good thing. There's always been a recession or a depression when you see something like that That means that people are willing to to give up The unknown of 30 years to get a safer rate on the two-year Treasury note and the treasury bond that two year is is a note. It's not a bond But some people call it no a bond is uh anywhere from two year two note two years to uh, I believe 10 years Uh, no two to five is the notes and then bonds are five to 30. So but The way they structure it sometimes they it's hard to tell what they are But they put the name right on the instrument. So that's a good thing. Anyway, okay Let's move on here and talk about uh Dr. Copper because dr. Copper has been in trouble. We're going to It's a question here. I'm sorry Sorry, but with the girls I've got a little frog in my throat this morning And there we go. Here I take a little bit of drink of water Now you see here that we're very close to making this abcd pattern here In the copper in fact, I believe we made that on tuesday This is tuesday. I meant yesterday So anything below this level right here, which would be around 320 If we get below starting to get below 320 In the copper that means it's failing and that is not a very good sign This rally right here was a 382 rally of the high that we made way back here So this is a really important level here that we're looking at in copper So keep your fingers crossed. We need to get a uh, really nice abcd Rally here. Hopefully at 38 80 over the next few days But since we've got time and we've only got a few minutes left. Let's get together and see what we're looking at here as far as possible trading Environment today, so let's take a look at the uh, since we're talking about the e-mini s and p We'll get it up and we'll put a chart up and I'll show you what we're What we're looking at right here. Okay. We're in pretty good shape here All right now there's where we are hold on. I want to show you the pattern here because this is uh This is what we're looking at here. Hold on. All right. Now. Here's what's happened so far during the night folks We had a nice rally Okay, we'll get this up here. We had a nice rally what we do we pulled right down to a 382 retracement Now we're moving higher So how high we're going to go don't know all I know is this looks like an abc D to the upside So if you go from 36 43 all the way up you go 80 handles You just add 80 handles to this right here And folks it's going to get you way above 37 60 And that is a 382 of the whole thing and that tells you that the market wants to go To 38 80 now 38 80 will be 500 handle 30 210 handles off of our low If we can get that and I'll be on the air I will not be doing my show today folks because it's a travel day But I will be doing it on wednesday thursday and friday. Hopefully by friday. That's where we'll stand We'll be completing this but we shouldn't get any more than a three-day bounce So that's monday tuesday wednesday thursday thursday at the latest Possibly even friday, but usually thursday at the latest Because the market's in a bearish tone And people need to get out and they're waiting the people haven't got out are waiting for a rally to get out And that rally is not coming and that's not a bad. That's not a good sign boys and girls So you want to met you add those together? Okay, and that's going to give you your target way up here Uh substantially above 37 60 what we're going to do now is we're going to move down to a 15 minute chart And just draw that pattern in so that you'll be able to see it and hold on one second here And we just need to take this out And then we'll get ready and put this in here right here. Oh, this is going to take you right up to it boys and girls Oh dear, this is either going to be today or tomorrow. So oh, it's going to take us right there shut the front door 37 64 are you kidding me? You can't make this up Anyway, here's what it looks like under abcd structure You'll see the 382 retracement right here. That's where we are. There's where we're going 37 64 One day two days three days tuesday wednesday Tuesday or wednesday if we're right here Well, can't be tuesday because today's already tuesday, but by wednesday or thursday if you're sitting right here at 37 60 Get your selling shoes on folks take them to the dance Because they're getting ready to show what's going to be happening next. This is a very bearish market that we're in We're going to keep going lower. So look for 382 abcd patterns to Uh to get short and this would be one of them So it could even be today later in the day because you know, maybe they'll come out and say something really great Like uh, there's a new Elvis Presley movie out which is already had one of those It'll be something really really bullish and the market will Initially react to it and then it'd give it all back in a matter of a very very short time Just like we've done over the last three weeks on the way down from august the 26th Which was a major major day up into here If you have any questions eight seven seven nine two seven six six four eight Please give me a call and i'll be happy to try to answer any questions We do have a question from stanley In hong kong for heaven's sakes and he's asking How does the hong kong market compare with what's going on in the united states? Well Stanley, I just happened to keep that up here. So if you give me a second I will Bring the chart up and you'll be able to see it because it is Certainly a lot different than the one. Oh dear if I lost it I don't think so. There it is right here. Okay. Give me one second here All right. Now. This is a daily. So bear with me here. You can see we're been in a really big down move here But we've had a really nice market from the short side, which we've been expecting But here's where we are. Oh, we've got to take a break here just a second But here is the hong kong market. You'll see here. We've broken down below Below any support and you can see the abcd here. This is another abcd We just keep dropping folks. That's a sign of markets not finished puking out All the logs and I don't know what's gonna what it's going to take They're very very oversold and at any time you could get those big runs But watch that 37 60 in the s&p that's going to be the one that it's going to be the The real daddy rabbit here. Hey, we're going to take a little break 8 7 7 9 2 7 6 6 4 8 We'll be right back 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 a gold report with coverage of gold silver bonds the xa u hui gdx as well as more than 30 different mining equities To seep 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 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Hey folks, I posted a chart of the treasury bonds over the last couple days I pointed out those 3a 2 retracements when we were on the air here I pointed it out. That was a 127. You're now trading at 126 20. That's 500 dollars to the downside If you did that trade make sure you put your stop at break even And then pray for the best and see what happens from that level because it's coming down very hard But right now it can reverse and if it does you don't want to be in it So put your stop there and break even then you don't have to worry about it This business of trading folks is not losing In other words the best loser wins as tom who guard says And the best loser wins when he knows he's wrong So if you've got a nice profit, which 500 is a nice profit You certainly don't want to let that go to a loss and look what it would look like now If it got back there after selling off almost a full point It means things are not nearly as Squirrely as they seem in the treasury bond market, but right now This is one of those times you say well I got a dance with the one that brought me to the dance as yogi would say And this is the one that 3a 2 the best pattern I've seen heads down over all of them. That's gargling butterfly. Well Not abcd, but boy that 3a 2 is a monster folks I mean not only that but you've got the you know the financial people on your side because You know they're seeing things and they make these rules and that makes it You know accentuate it even better. So they know what's happening So, uh, stay tuned tomorrow my regular show will be ready to go. I believe I'm setting through setting here for tommy this morning. He'll be back tomorrow And everything will be Copacetic as they say in the train So I want you to live every day in an attitude of gratitude and may god bless And try to do something nice for your neighbors folks the neighbors are very very important And if you don't have the background or the backing of your neighbors, you know, you're missing a really great thing because what it'll do Is it puts that family structure together in a way that makes it a lot easier to live? So that's it and we'll see you on the flip side Uh on my regular show tomorrow at 1 p.m. And my guest will be none other than tim boss of financial cycles weekly You might think that if you want to be successful at trading in the stock