 of Traders. Sign up today and become a part of this educational community of Traders, just visit the front page of TFNN.com. 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, looking good, Billy Ray Philly. That is no joke, folks. That picture that took was about an hour ago. The mailman came and said, hey, you got a visitor and we went and looked and by golly, there he was. That's only the second or third one that I've seen here. One was in the house many years ago, but over a 28-year, 29-year period to only see three of those. Now, people don't realize this, but this type of a rattlesnake, the Arizona traditional diamondback, is not lethal. It is to small children and people that are very, very debilitated, but for a healthy person, it's going to be like a rabid dog bite, which is far worse than a rattlesnake bite. But if you go up into the mountains, the white mountains above Phoenix, they have the black mamba. And you don't want to get bit by one of those because it's cyan, nara, biocondios, ostal, awego. Any way you want to look at it, it's goodbye in any language. I want to post a chart here from yesterday's show, which Jeff used to me. It's a very, very interesting one. It shows the VIX index and how it shows the bearishness and bullishness in the market. And as you can see here, there is virtually no bears out there. This is the lowest reading in several years that we have right now. And as you're looking at this time frame up in here, you'll see that each of these retracements here is a 61% retracement of the high that we made way back in December. To me, that means something. Right now, today's market, when we opened, it went down a little bit lower to hit $33,800. That was an ABCD pattern in the Dow Jones index, and it's rallied 200 points so far today, and it could probably continue rallying. We're in the zone now, folks, because we've got the lunar eclipse. Let's try it again, Larry. We've got the solar eclipse, and we have the new moon, and we have the new moon man himself, the wolf trader. Shane Smolian will be our guest at the break talking to us about these different planets that are lining up much like we've seen with Norm Winsky and also with Tim Boss. So this is big time stuff, folks, whether it means much or not. Not really sure, but you know what? Nobody else is either, so I'm not going to worry too much about it. This is what I'm looking at from a real simple, you know, back in the envelope math that works relatively well for me. I've been posting this and doing videos about this all week, and that's what we're watching here is this type of a move, and we're over this zone right now. That doesn't mean it can explode and go to the upside far from it. You can easily do that. But the thing is, it has not fallen down very much. Today, all it did was make an ABCD. The ABCD on the S&P, folks, measured, do it yourself. You know, this is not hard rocket sciences. It measured a 4143. Where did it go? 4143. And we've rallied to 4168 so far. So that's all it is. It's just, just look at that pattern, and that's the one that I go by and live by and hopefully never die by. But that's neither here nor there. Let's move on to one other one from Jeff Huge, which I thought was very interesting. This is his interpretation. Let's blow it up so we can see it a little bit better here. Boy, folks, I'll tell you what the weather here is going to be about 89 today. And the allergies really hit me. And everybody in the neighborhood was out looking at the snake because we don't see too many of them around here. And so I was out there for about 40 minutes and then I realized, oh dear. And then when I came in, and then when I came in, I could feel it in my lungs. But this is the interpretation that Jeff is looking at. Now he's looking at a potential to see 2200 in the S&P. Well, that may not be true. It may take a little bit longer than one might think, but it may take even less time than people think. The other chart that Jeff told us that was very interesting was the ones that would, I'm bringing this to your attention, folks, because I think it's that important. That's why. Let's get this up here. This shows the fear and greed in the market that we're definitely out into the greed. And, boy, if you think there's not complacency, you should listen to Bloomberg and CNBC because there's not many bears around watching the TV. And I checked for what the foreign currencies are doing in the markets. I wanted to see how the U.S. dollar reacted from that level. So that's what we're watching here. Now, I posted yesterday the chart of the, if you'll remember, let's get this up here. Oh, shucks. Wrong button, Larry. Just a minute. I'll get it right here. We should be able to get it. Where did I put it? Oh, dear, dear, dear, dear, dear, dear, dear. Nope, I haven't got it. I was going to show you the chart of the trade. Oh, God got it. Folks, I had to take effects of affinity this morning because the allergies got me so bad because it's made my mouth dry and I'm a tiny bit dizzy, so bear with me. I'm dizzy most of the time anyway. So this is nothing unusual. I wanted to show you the chart of the treasury notes and treasury bonds that they should be in a zone to start rallying from. And we've had about a little point and a half rally here in bonds today and the notes took off. So if you're in that position, put your stop at your break-even point, let it rip, and see if it'll go that way. You're basically in a risk-free trade and you don't have to worry about it. The other one that's really getting interesting, folks, is we are approaching the 61% retracement again in one of our favorite cross-rates, which is the euro versus the US dollar. And you can see we're almost up there again. I have a story to tell you, folks. I had a phone call from a very nice fellow up in Canada and he had made a mistake in a trade. He had sold gold short accidentally. I went through the sequence of orders that he had. He was through interactive brokers and I told him to pull all those orders to make sure the sequence was correct because he was leaving for a vacation and he was going to be out of contact for a few days. Well, anyway, he shorted gold. This was a month ago. He shorted for a scalp. He sold gold in 1840 and then he had an order to cover it. And he thought that he was flat. Well, when he got to the place where his vacation started, he couldn't get a phone card set up. So it was a few days and so he let it slip. When he got back, he realized that he was still short, a contractor gold. And that has an $18,000 open loss. And I said the one thing I know for sure is interactive brokers doesn't make mistakes too often. So if you're listening to Mr. LG, I hope you're going to be okay. You will be okay. But make sure you put a stop in. What I would do, I frankly would put a stop at the high. Another few thousand dollars from this level don't make a whole lot of difference. And it may have been the high because we hit that 78% retracement on the weekly in the gold market. But I didn't know what else to say to you because that's a monster. I've had, when we get back from the break, I will be happy to tell you some of the ones that happened to me when I was at Drexel Burnham. There was like that. And I think you'll get a big kick out of those. All right, let's take a little break. 877-877-927-6648. 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For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com, a tri-mastering probability 30 days risk-free today. TFNN, educating investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. Okay we're back folks and we have Jeremiah from Phoenix, Arizona asking about the Australian dollar. Good morning to you young man, how are you doing? Hi, good morning sir. I just had a question. I believe I'm seeing a Gartney pattern on the Australian US dollar on the 30-minute chart. I think I did all my measurements right. I'm kind of learning this so it's kind of different. It only takes about one day to learn it all. Two days, if you're a slow learner, some people has gone three days before they become a professional trader but you're on your way. Just remember it's maybe steps and trading is a journey. It's not a destination but you are correct. That is a Gartney on both the daily and it's also a Gartney on the 30-minute. I did check it. I posted it into the room so the folks could take a look at it but that's exactly what you're seeing. Now remember these patterns have a tendency to fail Jeremiah so make sure that you put a stop in and don't get stuck like our good friend up in Alberta, Canada did with an $18,000 open loss. Remember that you've got to always follow through what you're doing. I'm trying on the 30-minute chart, I'm trying for a 61% target there that retracement from A to D retracement, 61%. That's correct. That's your first objective. That is exactly what your first objective is supposed to be. Okay, I'll just make sure I'm reading you right. I'm setting your book, I'll tell you your book. That's the one I sent you. I remember that. Yes, I did. No problem. Yeah, no, I appreciate it. Gosh, man. This is, I don't know. I'm already being successful and I'm going to continue so I think I'm just real excited about this. This is like Super Bowl to me. Fun. Well, I'll tell you what. I'm going to be old pretty soon. I'm not old. I'm older but I've been doing this for 62 years and I love it the same days every day I started it so I'm glad that I can say that. All right, dear. Thanks for calling in. You call in any time. We love to hear from you. Okay. Thank you, sir. Have a good day. Okay. Back to the gentleman from Alberta. I know it hurts to see a loss like that but he had a good outlook and I know he's going to continue on but the problem was he didn't check in at least to check to make sure everything was clear. Now, when I was at Drexel, I went on two vacations over a six-year period. One of them was in South America. The other one was in Hawaii and on the Hawaii one I was sure I was flat and I was but what happened was one of the customers had an open order in that didn't cancel it okay and it got filled and so he was blaming me so Drexel being the wonderful company that they were and this was part of the business they dumped it into my account the error account so that means it was mine and it was in the gold market and it was short gold and it had a $1,900 loss when they put it in there and they just left it there. By the time I came back three weeks later not knowing that I was short gold all that time it paid for the whole vacation and that was a really big move because gold had dropped a huge amount and was able to pay for the thing but you know to sit there with a big position like that is really not much fun and you don't like to see that happen very often. Okay now I want to get on to a couple of things that I still think are very very important. I do believe and I say this with all sincerity that I do believe within these next few days we're going to start down and instead of bouncing every day like we've done on Monday Tuesday Wednesday Thursday it won't be bouncing so we're going to find out and remember these patterns fail and when they do fail they fail badly and there's a lot of reasons that thinking that this thing could fail Apple computers being one of them because it's Apple company it's not a computer but anyway they're still acting strong it's still trading above 66 that's a positive sign now the market was down sharply at one time this morning last night but it's come back and held up pretty good so I think that's important that we pay close attention to these things as we see them unfold and I have one other chart that I wanted to show you that is the oh I did that one for I want to show this one again because I think this is the most important because Norm Winsky talked about this a little bit but if you look at this every time the VIX has gotten to these levels where there's no bears that's when you have a pretty good correction but the thing is this is the important part right here the important part this is where the 61% retracement of the highback here is and you have an ABCD and it's 27 days up 27 days up now we're in the 29th day today so but that's that's supposed to be because we have all of these things happen being astrologically that our good friend Mr oh sorry our good friend Mr Shane Smolian has been trying to tell us and he will be telling us when he reaches this in just about seven minutes from now I wanted to mention one other one that's very interesting now folks because we finally we had a couple had a very nice trade in soybeans and I've got to bring this up here because the structure in the soybean market has shifted a little bit we end up taking a 10 cent loss after we took that 30 cent profit two days ago we bought it back at the 382 retracement and it failed and it lost 10 cents and so we're out of that and we're waiting to see the next thing that's going on in fact all of the grains are selling off today or at least they were earlier I haven't checked them recently but that's another one that looks pretty pretty promising anyway let's just see yet oh yes they're off we've got soybeans off 14 cents and we got weed off 14 cents and we've got corn off 9 cents so all of that is telling us that yep we're in an area where we could run into some really serious things as far as what we call it correction going on here in the grains but I'll do that a little bit a little bit later I'm still a little bit shaken up about that rattlesnake folks because when you see a live rattled boy he makes a lot of noise he's a baby he's only about oh four and a half feet long and he probably weighs about 10 pounds and when the the fire department comes out they have a snake patrol and this young fellow was really buffed out dude he's got all the safety equipment on he takes off his asbestos gloves to protect it and he reaches down and he grabs the snake from right behind his head and the snake of course reps his his body around his arm and he takes him out you know into the wooded area here near the house where the mountains start and he lets him go because they don't like to kill things that don't deserve to be killed but that it was a little scary and people in the neighborhood just got a real uh they got to see him firsthand until the guy showed up that it was uh than what we were watching here today boy here I can't believe I'm going to be salvaged here by our good friend Shane's million to uh talk to us about stellium because stellium is why I believe in astrology folks so we had those in December of 1974 1982 1987 2008 and Shane says we got one right now 877 927 6648 stay tuned for the wolf trader 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 publish the gold report with coverage of gold silver bonds dx au hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesevento 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 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around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com okay i hope we have mr shane smolian in the room how are you there mr s are you there sir is this duke and duke no it is a general hospital philadelphia pencil me this is uh that 1776 the philadelphia hospital started and uh all of sarah's grandchildren all three of them were born there but uh any no i'm okay just the allergies you know i know it's out in the middle of the thing and everybody was coming over to see the snake and stuff so anyway that's that's exciting snakes are exciting oh yeah well they are but they uh you know they're they're little critters they don't like to be bothered in fact when he when you go by him he makes so much noise to let you know he's there he doesn't want to be bothered and but we have a snake patrol to take care of it i have been here 30 years at the third one i've seen this only second one on my property so yeah we have water moccasins down here i just went to nasa with my son last week and they the bus driver was telling us they had a 10-foot rattlesnake right when they get out of the bus there at the the terminal so yeah they can they can get pretty big pithons down there that eat bokes wagons i understand oh yeah yeah but that's because they put them there oh okay yeah they go on these these python hunts on the everglades yeah speaking of rattlesnakes what's going on with this market larry there's a lot going on we'll get started with this today so yeah go ahead i'm gonna i have a lot today to talk about uh i'm gonna talk about a little bit of the fed background from last time i spoke about it and then i'm going to get into some forecasting models and i'll let you know where where i think we stand so first of all s&p headlines these are some headlines that i just put every day in the the market update so i think the bear market is likely over we covered all our long-term short positions back in october the fed juice continues to build a strength behind the scenes there's a Saturn cycle which we're going to talk about today that's that made an important low on 320 and we're also sitting in another trough on that ready to go higher and so the forecasting models have all flipped now to decisively bullish they were kind of mixed for a few days here but now they're all flipping bullish so i think you know that to me i haven't seen something like this in a while so the conditions are getting better uh for a rally for sure um this recent banking crisis was related to liquidity issues but the fed conducted these bailouts behind the scenes to provide liquidity uh and so the assets have increased but not qe so this is important because we know now how the fed is going to respond we didn't know that and so when we had this first little crisis which many people think is going to continue i don't think it is but we didn't know what was going to happen you know what was the fed going to do or they're going to start doing more qe so they kind of did this quasi qe where they increased the assets uh through an alternative method so sometimes when we think of assets we think of treasuries mortgage backed securities corporate bonds or asset backed securities which they get involved with with the consumer market foreign currencies physical assets but also loans anytime you have loans discount window discount window or bank term funding program which they just created this out of thin air they created a whole new program that's an asset so if we look at this balance sheet here they were going through this whole qt period here and then instantaneously we had this big spike that pretty much erased about two-thirds of that now there's since coming back down again they're selling off some more treasuries but the point is that we we know the playbook now the fed i think that's really really important so uh this is what's important for investors the last meeting was important because they solidified their stance so on the surface they're going to take these slow hikes they might even pause but behind the scenes they're providing bailouts and stimulus so like i said we didn't know the playbook now we know the playbook so the fed is actually in a good position here because they can still cut rates and begin qe at any time they choose so i always make this sports analogy that it's like you know you have your second your first string your second string your third string your fourth string players they come in when you're kind of big league the fed is has their fourth string players in the game right now they're not even trying and so we have to understand that from that perspective and and the one you know the gold standard that i always use is covet because that was a big test test of the fed and so when they were able to reverse the markets during covet i think that's really the standard when they were really trying they're not even trying right now so we're having these surge in the internals since october we are having fed use 3.0 in a buy and so multiple systems are turning up now so that's a bullish situation for the s and p so just i want to look at i'm going to look at the s and p for many different angles here to try to i'm going to try to find some holes in this i mean the one hole that you could look at right now is what you just show with that vix chart which is which is pretty low but from my experience when you have the fed involved with this uh the the biggest so there's two things now you can get over complacency and then fomo or fear of missing out to me i think the big problem here with the fed when they're when the fed use is pushing up okay the biggest problem is more fomo you get these people fear of missing out and you get short covering rallies and all this stuff more so than the complacency so we have this force behind the scenes which of course is the fed and so this is the the 50 days sitting above the 200 to me this is a beautiful setup here it's just been it's been creeping up there and people are going to be paying more and more attention to this we have the same situation this was it that was the nasdaq s and p similar situation s and p to me looks very very nice into here now this was the banking crisis down here and you know this this was a big test here because we had all of this banking nonsense going on and and the market didn't want to go down and the market and market actually the actual market actually went up during this and so to me this to me this was the whole situation here with the the gilt operation in britain i felt like the bear market was likely over right around here based upon what the fed was doing again i watched the central banks that's what i look for i don't really care too much even so much about the economy because since 2009 the central banks really dominate the show so i think that the fed is in a good position right now really really good position so i think from that perspective and especially just looking at that sitting up there you know you would think that after a banking crisis that we would have these horrible sell-offs and panic but that's not what we're seeing we see a lot of people panicking online we see all these videos telling us every day that the world is going to end but the market has been holding up very well and so that's a very important clue going forward here that this market does not want to go down especially in the face of that bad news and then i also brought up something last month in the newsletter which was this the banking failures in 2009 actually increased and they peaked two years after the market had bottomed in other words the s&p was rallying for two years and the bank failures were increasing so that that really has nothing to do with the long-term picture here when we look at bank failures i know 2008 was a different situation than now and there's there's different failures for different reasons but what i'm saying is that has not one has nothing to do with the other we have to keep our eye focused on what's going on with the Fed here so what this is here this is the Fed internals you can see here in october there was a big shift in the tone here in the Fed internals so you can see that to me this is when these lows were coming in and you saw a big change in the character of the Fed and the liquidity here now you can see the spike here and of course the this is dealing with the whole banking situation and they were all of these loaning loan facilities you can see they had a little bit of a pullback here they're trying to sell a few treasuries but for the most part this is a very strong situation here that we're seeing and the volatility is getting really low i don't know if you see down here that's the Bollinger bandwidth now that doesn't tell us the direction of the move but it tells us that a big move is likely coming soon and so when the ball when the volatility gets that low it's all often followed up with high volatility so just something to think about there another chart i want to point out here is so this is the blue arrows here i want to point this out first this is our quad lunar cycle which has been doing very well you can see here here's the low on 324 then it goes up to 444 down on 414 it's in a buy right now until about 425 but the Fed used 3.0 which which is it's a neural network which base measures the market versus what the Fed is doing just went into a buy today so so everything now is starting to roll to the buy side and so i think we have a good chance here now a good setup here for this market to head higher and again the only knock you would say would be the VIX concept but again i think the bigger problem right now is FOMO with the Fed because when they start pushing this thing up we start getting our short covering rallies that's the biggest problem so we'll talk about that when we get back and we sure will folks the wolf trader says we'll be back after these few messages from our sponsors 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 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today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz okay we're back folks speaking with shane small you the wolf trader dot com please tell us what you're looking at next my friend sure um so we've established the fact that fed the fed has solidified their policy we know what they're going to do s and p is holding up technicals looking good fed use in a buy quad lunar in a buy now i do track the the vixie i have a pairs trade i have this thing called the wolf spread traders one of our trading systems that we give for traders and it's a pairs trade so i track the vixie in terms of a pairs trade right so this goes short on the vixie on 322 and long on s and p on 322 it's still long this histogram down here shows you the strength of the trade so when it's green i mean you're supposed to buy the s and p and and lavender short the vixie so it's a pairs trade so it's not a direct signal but it's still in a buy and so i don't really see a reversal there yet on that now geomagnetic activity let's talk about this this is the big wild card that can send the market lower if a big storm comes it can even overpower the fed to the downside now notice that there's a seasonal pattern here so we're in april and you can see here that this is the peak and then it starts dropping so may and then june i really think that we made it through april really without any major storms i mean there was one that was supposed to come and it didn't come but for the most part once we get into may and june it starts dropping and that that is a bullish sign for the s and p so again we escaped we dodged some bullets in april i thought we would get a storm we didn't get the storm and the fact that this is coming down more bullish activity now let's keep going down the bull train here okay i i it's just all bull bull bull bull okay bull market so uh i'm going to show you the solar eclipse so we talked about this so you know this happened overnight uh so typically this is the dow Jones night i went back on this to the it's like to the 1800s on this one so it's got a lot of data here but you can see that this is an efficiency test so this is what is the dow jones do across a solar eclipse it rallies and it rallies for about 10 days so we're right here at the zero point so this is suggesting that the s and p is going to have a rally and the equity markets are going to rally for about 10 days uh so i you know that's bullish we also have the bradley you asked me to do the bradley uh this is still rising now this rises until may and then it falls but to be honest with you larry this is not really my preferred model uh i prefer other models particularly the Saturn cycle uh so i'll talk about this now and so these are again these are forecasting models but the this is the Saturn cycle Saturn just changed science and so this cycle is generally bullish this is bullish until 2025 uh and there's another one that i look at which is a combined Saturn which is bullish until all the way through this year uh there's a peak coming in july and then another one in october so we're currently in a trough which to me again this is another bullish setup right now setting up here so this this is what this looks like that's the Saturn in this different signs but you can see this is over here this is Pisces and so once it heads into Pisces it goes up for about another year and a half or maybe two years before it turns back down uh so this suggests that we have a long way to go to the upside here on the s and p that this is this is likely a low that we've seen and we're going to continue to rally here all the way into 2025 so to me this is i really like if i had to pick one planet that gives the best cycles it's Saturn Saturn gives very nice cycles uh across time now you can use other planets and cycle periods but to me i really like Saturn so this is a long term Saturn so again bullish now there's another Saturn cycle which i use i'm using this for the year this this guy is sitting in a trough right now now this one came into this low right around march march the 20th it's sitting in a trough it's going to push up again until july and it's going to push up again until october so i to me know you know when i start looking at this market from so many different angles and it's bullish is bullish is bullish is bullish to me this is a very positive sign for the s and p 500 going forward i mean sometimes you see one going up the other going down and all but that's not really what we see except for the Bradley we really kind of see an agreement here that this is a solid phase coming up here for the equity market so that's the s and p forecast i don't know if anybody has any questions i can i'm going to go into a little bit about the flight to quality now i'm going to do a webinar on saturday about what i call the big three flight to quality so the big three flight to quality um what is this all about why do we care about this this is going to relate directly to i have a theory about gold and bitcoin and all this stuff here it's going to relate to that because based upon what's going on here so big three flight to quality we'll talk about this on saturday some more but i just want to give you a little bit of a preview here there are three very important markets to watch when you have a panic okay so like in the modern age it used to just be gold in the bond primarily right i mean there were some other you know utilities and things like that but for the most part gold and bond used to be where people ran but now we have our friend bitcoin so bitcoin is now in the equation and it's it's a direct competitor to gold i've talked about this these are two wildly different groups of people in terms of their attitudes and belief systems and the way that they look at the world uh big you know the crypto people tend to be more optimistic excited and gold bugs tend to be more pessimistic and this is the only thing you can trust and so you have two different conflicts here uh but these all three of these and the bond these were all different flights to quality so when we had that banking failure we had a knee jerk reaction and everybody ran to their flight of quality of choice right so they ran to bitcoin they went to gold they went to bond now bitcoin was the strongest gold was in the middle and and the bond was the weakest okay but my question is what is going to happen when things calm down okay so you if you listen to a lot of people opponents they keep telling you well it's going to get worse and worse and worse and worse i don't think so i think we probably seen i mean we we're going to see some ripples we might see you know we're going to see some stresses in the system maybe another bank failure here there but we're i don't think we're going to see this massive cataclysm that people keep talking about and so the question is when it calms down who is going to remain on top so i have i have an image here of the three the big three we'll talk about this more this weekend but you have bitcoin here 47 so gold is 9.4 in the 10 years 3.2 now obviously these are weighted a little bit differently the bond is you know the margins are a little bit different but the point is bitcoin had the largest surge of any of them and so you know people talk about bitcoin it's got to keep going down it's got to test the 17 000 it doesn't have to do anything markets can do whatever they want to do and i think we should follow i think we should follow the pattern yeah absolutely so and and i also would point out people assume that gold just has to keep going up it doesn't have to keep going up markets can go up and they can go down and i'm seeing a lot of people just assuming oh you just you have to own gold and it's very author very authoritarian oh you just you have to own it and it's just part of the portfolio and it's got to go up so i'm seeing a lot of over uh bullish sentiment on gold now the tenure was a flight too but i want you to notice these trip these trend lines here take a look at this you can see these divergences here they're already starting to fade out here bitcoin is holding up the best now gold had a nice rally today uh but gold is on a slightly negative tilt here and the tenure has really come down here this is the tenure this is the note this is in the bond but you can see here that this is tilting down so we're starting to see things calm down so my question to people is what is going to happen when things calm down when we realize that hey there's no inflation hey the banks are okay hey is are people really going to be wanted to run to gold or are we going to go back into equities into bitcoin so i think flight to quality all of these check the bill for that but really bitcoin has proven to be a very good inflation hedge especially during covet now gold through the years if you go back through the 70s and 80s the gold was an excellent excellent inflation hedge it didn't do so well during covet so i put here previous because it kind of didn't really prove itself during covet gold was actually one of the poorest performing commodities during covet and it should have been the highest right it should have been up there with bitcoin but it wasn't so um bitcoin also has so it has these three we'll get back to this episode well i i'm sorry i missed that last part because i was going through the one is i'm going to figure out what i'll be doing in my next career i'll be right back with shane slowing the wolf trader dot com folks if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tomio brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details 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mean i can no no no i understand i understand hey listen i can come back tomorrow or whatever if you want to leave tomorrow we've got mic more but maybe later we'll have you know but this is all good stuff and i'm going to talk about this on saturday the basic gist of this is i guess just real quick as a preview here that bitcoin can take on all types of meanings bitcoin is a store of value it's also a currency the flight to quality inflation hedge and then i you know if things calm down i think bitcoin has the potential to rally right up there with the s and p and just keep heading higher and higher and so bitcoin changes its meaning and it can become a risk on asset gold does not become a risk on asset and the bond does not become a risk on asset so to me bitcoin is very attractive right now we talked about this back in in january we were on the s and p newsletter i i told everybody i said that's it it's resolved its divergence bitcoins at a low i still think this thing's going higher larry and i think the s and p is going to go higher with it okay buddy listen well i'm going through the one ads here today but there's not much available for someone that's approaching 90 years of age in in seven more years anyway listen thanks for joining us buddy i i really do appreciate it you have great work your seminars that you give on the weekend are just fabulous here you just do thank you such a great i try i try we try to oh yeah it's hard to come up with different topics you know like each week i have something a little bit different but i think the big three is a big topic because how you know if we get another i'd say this to people out there if we get another little banking crisis here which we could get some more failures look at how they react and if gold doesn't react as strongly on the next round that's a big flag a big warnings flag about gold and i like i said i really like bitcoin and s and p at this point going forward all right my friend thank you for joining us folks and it was a pleasure larry you bet we'll have you on again soon my friend i will take a little break here folks we'll be back with the second segment of 24 7 trade what you see not what you think we'll be right back