 Let's get over to our man. Mr. Tim or as we do each and every Tuesday at the 3 30 hour Don't forget folks. You can reach Tim every trading day at odd dash oracle.com. That's odd or a D dash oracle.com Tim or what's going on? Well, I think you're actually quite a few charts. I don't know where to begin We can cover the gold market or we can look at the SMP's Wherever you want they're all red man Yeah, well actually we can do chart one. I guess okay yen was yeah, and Anyhow, I kind of got it all I do a lot stuff with ticks and trend. We actually covered this last week. I did get long I don't know a couple three four days ago forgot exactly what day it was, but anyhow, I still think There's probably a bottom in here. This is auction expiration week. Okay, I normally has a bullish bias and Well, I think last Friday I got a trend close of 1.79 and a minus 414 down to green And I got that listed on the chart there. Yes, and about three days or yeah, three days later I got a trend close to 1.17 and a 200 down to a 208 down to greeting and usually over the years I found if the trend closed at 1.2 or higher and at least minus 200 down to green the same day Usually you're looking at a low in that vicinity usually within two days Well, we've gone over you know over a week now And we're screwing around with this Gap area that happened. I got a list of their open gaps. That's a pink area Yes, and that gap formed on I think it was July 14th. We had 91 million shares and we're into that gap right now and know we're Looks like we're almost closing that gap as we're put as we're talking right now. That's correct I still think I think we're probably going to find support in this vicinity The reason why if you go down Below the volume chart. Yep, and you see the vixx there. I do and so yeah So what's happening here? You know the s these are making lower lows Over the last you know we two weeks we can have wherever it is And if you notice the Ed vixx is also making Now lower highs So normally if vixx trades opposite of the s SPYs So if the SPYs goes down and makes a new low the vixx should make a new high That's not happening here. You know, we made a higher high back in I don't know what date that was that was a Friday, so yeah, the last time it was the Let's see. I can't see it either the 8th Yeah, 8th of August. Yeah, it's so that's a week ago and now Even with even what today's decline we still haven't broke above that August 8 high right so that's it That's a small divergence But over time it works pretty well, so that's kind of a short-term deal My call is we'll still end up this this week could be wrong and This gap area we're in right now We're not blown through that gap, you know to get through a gap You at least need 91 million shares to get through the gap and today's volume is not going to do it Right volume So let me ask you something What do you do? What do you do when that you know, I understand what you're saying because we'll both hit the volumes What do you do when yeah, you're not getting the volume, but the price isn't holding through even the gap Do you know what I'm saying? Yeah, yeah, that's true, but you expiration we could tell you what all the weeks Yeah, right just have kind of screwy stuff right all come during expiration week And actually the week before it sprays we sometimes you get a little screwy. Yeah, so they're just shaking it out here Yeah, and you know, we'll know by Friday what? you know if not my Analysis comes out right or not because either we get fine support in here or we don't right so But I got enough that we got enough ticks and trend to say we got enough panic To find a low in this gap area, okay, and the VIX kind of helps support that idea. Okay, so But it's flip the flip today. It's in the next chart. So I'm say I'm bullish. I think we go up to okay The next higher gap, which is the August second gap up around 454. So I flipped to the second charge Yes, now this chart We're actually we we talked about this back in April May when we're on the radio Yes, we were talking that eight the April May period where the mark was going sideways and We were talking a lot of people in your trading room were bearish in that time frame. Yes And the reason why I stayed bullish and market kind of just went sideways It went up and down up and down the reason why I stayed bullish Because because of this chart, right? And does The top window is a VIX the second window down is a three-day average of the SPY VIX ratio And this ratio a lot of time leads away for the market So a lot of times you'll find bullish divergence at bottoms and bearish divergence at tops and so we did Back in that April May period that ratio is making higher highs Compared to the previous highs where the S&P's Was making pretty much as matching the previous highs But I always said in the past the SPX ratio a lot of times leads The SPY's right and so I stayed long anyhow turned out to be right. So what I want to talk about now is Currently if you look at the last box to the right, yes, the current time frame ran right now We're basically higher than the early July lows, right, but if you look at the ratio, it's lower than the higher so So that I'm not contradicting myself here. No, no, I got it. I get I get But the market rally here, which I think it will I don't know how high But if it does rally This this ratio is leading. So the next rally up you want to go short because this ratio Digests it at some point. We're gonna make lower lows in the SPY's, right? And that's that's that's that's the key Yeah, I got it right. I can see that right right, but if you notice that little Swing up we had here over the last week and a half. Yes On the ratio. Yes. Well, that's that swing down on the daily chart on the first first chart Right, just stay with us for a second. We're gonna quick break Tim and I gonna be coming right back folks We have the Dow industrials down 379 Nasdaq's up 164 S&Ps are up 56 Tim and I come right back 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 Tommy O'Brien 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 and to start your subscription today visit the front page of 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 Basel 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 Basel 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 Biotech is booming, but for how long whether you think the biotech bull has room to run or has run its course trade Lab you or Lab D Directions daily S&P biotech three times bull and bear ETFs visit direction investments comm slash Biotech today an investor should consider the investment objectives risks charges and expenses of the direction chairs 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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC TFNN has launched the Tigers then 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 stand available to all Tigers and Tigris's 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 This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Welcome back folks talking about my name is the Tim ord. We are talking markets out here and don't forget folks You can always get hold of Tim at odd dash oracle calm We have the now industrials right now down 390 Nasdaq's up 171 S&P's are up 57 So Tim do you want me go to the next shot here? Do you want to stay on this one? Well, it's up to you again any questions about it. No, no, I understand it I I think it's you know, I get it like it if we have a real sloppy market. They the intriguing thing here That's pretty much it. Yeah, no Actually, I sent over chart number five. Okay Did you get that one? If I have it we will no, I'm sure I'll have it and I can get it up for sure We'll get this up Yeah, I kind of did some stuff and I the other one was kind of confusing. I tried to that's all right Just give me just give me one second Well, Jacob will put it right inside The rest of this we'll go to let's do Let's do chat five one second Okay, I just sent him a text. He'll get that one up But why don't we go to then that want to go to four right now? We'll do we'll do three forward then by that time he'll have five up for us. All right One of your listeners emailed me and they wanted to the camera and actually he's got a good point His name is Hector out of California. Okay, cool. So but Anyhow the concert number four Free the blue the blue up for four four. Well, we can do five five is just slow Let me just see if he's got five up yet one second. Hold on. I don't have five yet And I can't what happens Tim is that I don't take emails on this and I just Oh, hold it. Hold it. Hold it one second. No, no, no, I know how to do this one second We when you sent this over this would have been let's say half hour hour ago No, I must have it one second Apologize for being no, no, don't worry man. I think I got this Okay, so You look similar. Oh, yeah. No, I can see that. I can see what you're looking at. Okay Hopefully he gets this and get it up. Let's just do another shot until then. All right because all right they'll get it up for us. Well, we do chart for okay and Chart for anyhow that the blue areas when both those indicators on the bottom or above minus 10 and The pink areas are when those two indicators are below minus 10 And why I want to point out. He actually got a good point. There's a gap on August I forgot what the camera there's a gap there You know the March I think it was March 13th Okay, I got a gap test. We're testing that gap today and that gap had 57 million shares I tested and came in at 2834 well, we get below that so we're actually testing that gap right now Yeah, now folks talking about the GDX now. We went from the S&P of the GDX, right? Yeah. Yeah, I'm sorry Yeah, this is a GDX. No, I can see that. Oh, right So, you know, we're testing that gap and what? Chart 5 will show which is definitely showing chart 4, but you see that double bottom back in March of This year double bottom on GDX. Yep So made about double bottom. Well, if you go down to those two indicators below it, you'll notice the first For the second bottom is higher than the first bottom on both those indicators, right? So that's a bullish divergence. Okay. Now I get top five time Tim. I got it So it's a start five. Okay. So now I got boxes around that You know, there's a red box around that March time frame And so I want to point out and I got that circled in gap right around around there We're running into that gap today What I want to make a point on is both both those bottom and two indicators Did a positive divergence in other words as the SP's were making a lower low Yeah, both those indicators are making higher lows, right? Well, if you also go go into the top in May Yeah, the May period the SM or the GDX made a double top that's right indicators that made lower tops, right? Okay, and now we take into the current time frame, which is the Red box far to the right. Yes, and the SP's are making Lower lows and both those indicators are still making higher highs. We're running into that gap and the gap had 57 million shares back on the March 13th. Yeah, so we're not going to hit 57 million shares today No, right now folks who have 14 right now that they that even the day prior to that we had 35 So there's no doubt now I can see that right. There's it they know they make the gold market hard men I mean because the gold contract also Tim the gold contract That's where I might take is that the gold contract is looking to go to this 1904 level and the 1904 level is actually the same day that that gap is at you know and the You know we hit 1927 today, but you know that strength when we came off that low is 1904 10 That's that I mean you know how they I mean it just what happens folks is that Gold you know goes higher and then it should on the way up and lower than it should in the way down So it's always interesting. You're exactly right. Yeah, you gotta have people throw in the towel I guess right And that's how these markets work, you know that the harder they throw in the towel the the more massive the bottom is or whatever and you can see man this this gold bucket Tim has been trying I mean, you know for the amount it's been a slow Raise a blade cut on the way down, right? I mean on this particular one down. Yeah, this these two indicators on the bottom You know never fell below They're fell below, you know that minus 10 area just recently, you know, so if and that's kind of unusual Usually this indicator those bottom those bottom two indicators usually get you out pretty close to the highs Okay, if you look, you know look on history. Yeah, and this one around, you know the market you got in were pretty close to the lows But it never got you out until pretty much for break even over here a couple weeks ago. Yeah, I just think if you notice You got in about oh Can't quite tell it's like about 29 and I got you out about 29 give or take And so it's kind of breaking normally that would get you out closer to Closer to the highs up around maybe 31. Yeah Didn't do it this time. It's kind of strange But you know indicators are indicators, but you still have a positive or burdens here really just so I'm still thinking right This market's still about ready to turn up. So They never said it was gonna be easy man Yeah, I never If it's easy, you're doing something wrong Wait, well listen man, it's always a pleasure You know It's there's no doubt. It's wild. We of course look forward to having you back on Thursday, Tim Hey, thanks a lot. Thanks so much and listen Tim. Listen folks You can get hold of Tim every trading day at odd dash oracle commas or D dash oracle dot com Say right there folks come right back. We have that out on 360 that has a cop 156 S&P's off 52 will come right back Are you ready to take your trading to the next level? 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