 trade what you see with Larry Pezzavento toll-free at 1-877-927-6648 or internationally at 727-445-1044. Now Larry Pezzavento. Okay, looking good Billy Ray feeling good Lewis. Let's take a look here at the German Dax. Let's get this up here so the folks can take a quick look at this. It was down sharply along with everything else given the fact that they're talking about the tariffs and boy folks that has a lot of news going on. So you'll notice with this Dax 60-minute chart over the last three weeks, we had some really nice ABCD patterns there. But the most important one you can see with the beautiful fuchsia color. I don't know why they picked that one but Alan's pretty sharp boy. Anyway, that's a really nice three drive pattern. You have a nice ABCD pattern there, which is pretty much as symmetrical as you can get. Then the market had the big break rallied up to the 61% retracement. And as you can see now it's chopping around in the midst of that range. Where it goes from here, I'm not sure, but nobody else is either. So that's the main thing that we want to take a look at. Folks yesterday when we were talking about two things in the room, one of them, you know, one of the big advantages of being the Tiger Den here is there's some really smart people. And they talked about the importance of that low that was made in the E-mini S&P yesterday. I'll just want to bring this up because folks, being a technician, you do have some advantages because you don't have to worry about what's really going on. You're right. It was a due debt. She was the one talking about this. But anyway, look at the yesterday. You see the huge gap down that we had there. You want to defy human nature. And I know you're not going to defy human nature because you just don't do that. Not one person, if all the people sent me an email about what I talked about with the U.S. Dollar Index weekly chart, not one person. That does not make a teacher happy. And I guess I'm not a teacher. So I'll just keep on trading. Look at this E-mini 60-minute chart. The ABCD measured, folks, the 2887. The low was 2884. From there, we rallied up just about 50 handles. And that number that you hit yesterday at 2940 was a 61% retracement of the high that we made on May 1st. And it was also just to shed over the 78% level. And now you've broken down and come down. Now, what I did this morning is I posted the first post was to post the 15-minute chart of the E-mini showing you the support that could possibly be coming in. Remember, these are all possibilities. They're not certain. These under any stretch of the imagination. So you've got to remember that at all times. But some of the advantages of the den are that they post some of these really nice patterns. And some of the ones that work are really great. And the ones that work are not great. That's just the bottom line. Now, I want to walk through here just a little bit here with the footsie because this is a real interesting one. I'm going to start out with the daily chart. And you'll see as you that we had that same three drive pattern that we had in the DAX that came in in late April. And then we had the little bit of the sell off yesterday. And as we continue to look at this, we want to move down to what's happened so far today. We'll just go to a 60-minute chart to follow it through. And all I'm doing is to, well, now, Mr. Bill, we're going to find out whether that 2904 is going to hold or not, Bubba. That's the bottom line. Either shake it off or move it on. That's all I can tell you. Sometimes they work. Sometimes they don't. But, you know, it's one of those things. It's okay, Dollar Bill. Anyway, let's move on here to keep talking about this footsie because you'll notice here we've had a pretty good move. And we're heading down here to the 61% retracement. And this was posted about a little over an hour ago. So we might be there right now at that 7290 level in the footsie. So pay attention. Folks, there is so much going on with the news, with this Chinese stuff. The only thing I do, the first thing I do when I get up in the morning is I turn Bloomberg on to see if the world is ended. As long as the world is not ended, then I check, the first thing I check are the price of the currencies because that's the real money moving back and forth. The second thing I do is I check the gold market. The third thing I do is I check the stock indices. And the fourth thing I do is I check the bonds. Once I look at that, then I say, okay, this is what I'm watching for the day. I have my setups and that's what I try to look at. Sometimes they work, sometimes they don't, but they work more often than they fail. That's the bottom line of what we're watching. The move that we had on Monday was not unexpected. There were a lot of things saying that that was going to happen. We talked about them in the newsletter quite a bit and one of them, of course, was the big three drive pattern that we had in the E-mini S&P. We also had that same pattern completing in the NASDAQ. The IWM was lagging behind, but that's it. But another one, you know, we have a lot of students and friends over in Hong Kong and this one was really screaming that there was a lot of resistance and this market looked like it was, you know, ready to go. And as you can see here, we had a 4.5% drop in the NASDAQ, excuse me, in the Hang Sing Index. So now this all might not be worth anything. This might go back and make new highs. And if it does, then we're going to go a lot higher. So we don't know, but nobody else does either. That's the key to all this. You have to take responsibility. Just like Bill, Dollar Bill just posted. Where's the trading at now? $2904 was the last post. You have to risk about $0.08 on that because the volatility is such that you're trading $140,000 contracts. You've got to risk about $400. So that's what I would be watching. It's got a chance. You know, it's a very nice little, small, ABCD, guardly pattern, whether it holds or not remains to be seen. But it's all probabilities. Folks, I will tell you this. The ones that I think are the most 100%, those are the ones you've really got to be scared of. I mean, because when I get my opinion into this, it's not good to have that opinion. So you've got to be careful. And I try to warn you. I've been warning everybody about the gold. And, you know, we'll see. Anyway, oh, you're trading $2906. Hey, that's 100 clams, babe. Put that money in the bank. So we got one good trade today. Good job, Dollar Bill. I shouldn't even joke about that, should I? But I did. Anyway, let's move on here to the next thing that I want to talk about was the gold. And that is, I don't think that's long-term capital gains because I think it's less than $15 minutes, Dollar Bill. But we'll see. The gold is beginning to look like it's down to its last legs, I believe, folks. I'm not sure if we're going to be able to hold this level or not. You know, we made it a little bit lower low overnight, which was really not very much. So I would say that it's got a possibility of, still has a possibility of going higher, but it's beginning to look a little bit suspect. And the reason why I say that, that head and shoulders pattern that we had in the gold was so perfect that, and we have that perfect ABCD, too, on the weekly. Nothing's failed yet. But why isn't it screaming to the upside? Usually with news like we had with broken tariffs or whatever you want to call it, the market will get more of a push. But, you know, all the commodity markets got whacked. We'll be right back. 877-927-6648. 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Internationally at 727-873-7618. Okay, folks, let's take a look here at the Treasury bonds. You'll notice that we did make that 61% retracement up there at 148-24. We came down just exactly one handle to 127-24. We're now trading at 148-12. That tells us that this looks like it wants to move up to the 149 level. Now, whether that's going to be the case or not, we'll have to wait and see, but it does look like it has enough power to at least make that 149-22 level, which will be the 78% level from the high that we made back on March the 27th. That's also, if you'll defy human nature and do the work yourself. In the words of Mr. Jim 20-man, you'll have an ABCD up there at 149-22, and that would make that a Gartley cell signal. I was able to talk to Mr. 20-man yesterday and chat it again, and he said to say hello to everybody, and I asked him, how would you like to come on to the radio show? And he laughed, and he said, maybe in another lifetime. Jim is the absolute definition of a recluse, a super nice guy, but anyway, we'll just move on to another thing and we'll see what's going on here. Folks, we need to talk just a little bit, several requests, and I know we don't follow this very often, but let's take a look at this cryptocurrency that we look at, which is Bitcoin. As you can see here, we had a whole lot of numbers there. You see that really nice three-drive pattern coming in at 5,800. We backed off to 5,600, and then look at it. It's trading right near 6,000 this morning. That's taken out a lot of power, folks. And remember, down there on the 14th of early January, if you'll notice that around the 14th, it actually occurred in February, hit it twice, but in February, we were making that beautiful garly pattern at 3,400, and this thing is doubled in price. Now, whether it's going to go from here or not, I don't really know, but it's acting pretty nice if nothing else. We got a caller from Permas, New Jersey. I guess Victor, are you there? Yeah, I'm here, A-R-M-K. It came out with some bad earnings. Where do you think it's going to go? It looks like it's going to blow out everything. A-M-R-K? Okay, if you'll give me a second, what I have to do is I have to come in and put this into my list because I don't follow stocks, but it'll just take me a second to do it. And A-M-R-K? And it'll only take me a second here. How bad were the earnings? I mean, what were they expecting? They were down like 40%, I think, because they're just a super bowl. Whoa, that's a serious miss. Nothing like what we had with Google, I guess, but hold on, A-M-R-K, where is it? Here we go. Here we go. We're going to put it up here in just a second and we'll take a look at it. I show it trading at 10.95. Is it not trading there now? A-R-M-K. A-R-M-K. I put A-M-R-K. Oh, it's tough when you're in Italian. This is A-R-M-K. Is what you want? Yeah. Okay, just give me a second. A-R-M-K. And it's a Tuesday, so that doesn't make any sense, but let's get this up here. The problem is when I don't trade stocks, Victor, what I've got to do is I've got to put it into my database and my computer asks me, what the heck are you doing trading stocks? And I say, well, I'm trying to help Victor out from New Jersey. So, give me a second. My data is slowing down. Here we go. It should be all right. Oh, dear. Hold on one second. Someone asked me a question this morning, but hold on. We should get it up here now. A-M-R-K. A-R-M-K, correct? Yep. Yep. Okay, there we go. Let's get it up here. It's 30. Okay, it's 31. It was the last trade I'm showing and it's trading at 28.08 right now. Yep. It's below its IPO price, I think. Well, that doesn't mean much. Let's just look at this on a weekly basis so we can see what it looks like and then we'll... Well, it's going to open right down near some pretty old support here. Hold on. Let's post this so everybody in the room can see it. It's going to open right in its area where it was before, but I, frankly, this is a much weaker than market stock, so I wouldn't touch this. No, I... It's trading at 28. You called that other one out perfect, that BGG, you know what I mean? Well, I get one every year, so you happen to get another one. Yeah, I know. I couldn't buy it at 1040. It went to 1040 for two seconds and it blew all the way up higher. You should check that out again. I'm waiting for a retracement, I guess. Well, wait for that retracement. Don't chase the markets. It's not good to do that. Don't touch this one then. You're saying it's a takeaway. Okay. Okay. Well, listen, thanks for calling in. I appreciate it. Thanks. You bet. Okay, folks, let's move on to the next one we want to cover, and that is the... We talked about the Treasury Bonds. Watch the Treasury Bonds, folks, if we get to 149.22, that'll be the 78% retracement of the big 61% number of the long-term daily, which is 150.20. Above 150.20, it could go a little bit higher, and with the news out there, going on with tariffs and all the other stuff, God only knows what's going to happen, and she's not trading these days. So we'll keep a close eye on that, for sure. I want to spend just a moment here for those of you that are out there struggling, and I know there's some out there struggling. That's for sure. Try to find something simple, folks. If you want to do pattern recognition, I posted a little chart in here on the Euro. It's a 15-minute chart over the last five days, and just go through and just look and study the chart. Look for the ABCD patterns. You can see the one little three drive that I measured there, but also study the swings that are there, especially from Friday. Every three or four days, you have these big swings like we had during the May 1st and May 5th, or May 3rd, but then you have the smaller swings, and study those swings, and you'll notice that most of the swings that you occur in the Euro are going to be between 35 and 50 pips. That's right near the harmonic number of 40 pips, and when you see a big one, it'll be twice that, and that'll be 80 pips. You'll notice at the very bottom there on March 3rd, you'll see that little red box there. Well, it's not a box. It's a little red dotted line that says 85. That means it was 85 pips down from the high, and that high was on May 2nd, so that's two times the harmonic number, and you'll start to understand what the Euro is doing, and it's more or less like a DNA of how the market actually runs. And believe me, this is the largest traded thing in the world, folks. This trades trillions of dollars a day. I mean, this is dwarfs what happens in the stock and bond market combined, so that's why it's such a good one. It has good fills, the margins extremely low, and those are the ones that are great. The second one that I would pick would be the corn market. That's also another one that is really good. You can't hurt yourself on either one of those markets, and it'll help you understand how these markets swing, because you've got to learn the actual mechanisms of how these things go up and down if you're going to try to do it. I've had very little success with the moving averages, because they're lagging, and I think you can't be lagging these markets. You have to be leading them just a little bit, so we'll see if that is going to be the case. Mr. Z is waiting for 2786 in the ES. Well, Mr. Z, that won't happen today, but you never know. We'll have to wait and see. That's bottom line, so we'll keep an eye on that. All right, let's move on here to double-check one other thing, and then we'll be right back. We've got a break coming up. Holy moly, guacamole, and then we'll be right back. Larry Pezzavento has just started his brand new service, Fibonacci 24-7, and he's already delivering content to his subscribers on a daily basis when the markets opened, and even on weekends. Each Monday, you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out, and throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up-to-the-date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, six videos, and a full report to his subscribers in just one week. 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I wish I hadn't done that, because you have to take responsibility for these trades, not me, but the 2904. That's the pattern that we're looking at. That's a guardly pattern. Given the volatility that we have now, you have to risk $0.08, $0.400, as opposed to the usual $0.05. That's my $0.02 worth. And if it moves in your favor, $0.05 puts you stop at break-even. I don't know if it'll work or not. And believe me, some of these patterns don't work. And remembering that, we were talking about this thing in the cattle here. Several weeks ago, we had the ABCD pattern, you see coming in at 114, big, big gap down, tail closes, just tremendous bearishness. And we were warning you that we were going to go through. Look how it went through in the cattle. We went through the 61% retracement at 111. We went through the 78% level. That was a trade I did yesterday. I bought the cattle, and I was out of them in just a hurry. They dropped $0.02 and then rallied back a little bit. So anyway, these patterns failed, but you've got to remember that you're the one that's taking responsibility for them. Figure you're going to be right about the 10 trades. You'll probably be right about six times out of 10. You'll have two losers, a full maximum losers, and you probably have one or two break-evens really close. That's what the usual probabilities are on this over a long-term thing. You'll have periods of run-ins where you can't lose anything. You just feel like you're invincible, and then you won't be able to feel, you'll be able to find your hat in the rain. So you've got to work through those. That's the main thing that you're trying to get. Okay, I've got a notice here to check my email, which I'm not going to do right now, MR, but I will do it just as soon as I can. And we'll move on to the... Oh, I know one thing that I did want to mention here since MR sent me this. I wanted to show you... This is another question about the Elliott Wave theorist. Now, this is going back to the 1920s. That was actually before I was born. Anyway, you'll notice they're talking about this grand supercycle and all these things like that. This, to me, is so... I know it's great educational, and I understand it has some predictive qualities. But for me, it doesn't have any trading for what I do. I mean, I'm not worried about these long supercycles. I mean, you're talking something 100 years. So I'm looking at something that is in the last four hours or eight hours or 10 hours or three days, because if I do that, then I can control my risk. How do I control my risk on a 100-year cycle? I don't know. That's just my two cents worth. And I was born on the same day that Ralph Elliott... We have the same birthdays, July 28th. He's quite a bit older than me. He died in 48, I believe. But anyway, that's nearly what I thought. Okay, did we get the... The S&P got up to 2,909. So if you did that 04, you should be at a break-even stop now, 2,904. And that's what I would do. I don't know if it traded there. Do that, did it hit 2,909? I don't know if it did. So it... Okay, 2,910, 10-4. That's a big 10-4 rubber duck. Lock it up, run it out. Move them on out. All right, let's move on here to a couple of things. The grain markets, we had a little bit of a move yesterday. I'm not going to be excited about, but there is a lot of talk in the grain business, folks, about the China thing. I spent some time yesterday with Simonly and also Rich Anderson. And believe me, it is on the desks of all the people in the grain business from any of the big grain companies. So they're watching this very, very closely. Frankly, I don't think it makes any difference because these things have been going down for weeks and waiting for something like this to happen. We had a couple of chances at the bottom there, but like we say, there are chances. And those didn't work. So you've got to wait to see this. But we are nibbling here and we see what's happening. Let me see. Yeah, you're right. Anything can happen with this Chinese thing, folks. I'm not one to think and try to walk through what they're trying to go through in their brains like the Chinese Premier guy, the second Premier guy, I don't know who he is, but Sarah is not here to correct me on what the pronunciation is. So I don't know what they're doing. All I'm doing is just looking at the charts. That's led me to the promised land as near as I can tell. So all I know is long-term this thing doesn't look very good. That's the bottom line in the stock market. These long-term patterns just do not look that good. And we're seeing divergences in some of them. So that's another one. Here are some ideas, folks. I listened to a very short 15-minute description of what this social media is doing to us from the UK. Also, it was regarding the U.S. is how Google and Facebook are controlling the media and weeding out people that don't have the same political fields that they have. So this is not good for free press. Unfortunately, they're controlling all this stuff. And users a day, they got us by the short hairs. I don't know what's going to happen with it, but remember that don't always listen to what you hear because it might not be true. Just like when you trade what you see, not what you think. That's the bottom line here, folks. Keep a close eye on that for sure. All right, let's move on here to the next one here. See what's going on. Folks, some of you folks are asking me if I really don't read anything. Honestly, I have not read a magazine or a newspaper in years. I mean, years. I haven't even seen a newspaper. Well, I see them, but I might look at the headlines as I walk past the supermarket or something. But to pick up a newspaper or a magazine like that, I did see a magazine over the weekend. It was from the National Geographic. And it was about Leonardo da Vinci. And I said, gee, I'm going to buy that. And I picked it up. I thought it was going to be about $4. It was $16 for a little magazine. So I'm saving up for it. Maybe four or five weeks when I get to $16, it'll be reduced by 30%. And I'll get a good deal on it. But I've been to Vinci, Italy to see where he lived. And I've been to all the museums. Every time it comes to the United States, I always go see the da Vinci exhibit. When they first came to the United States 20 years ago at the New York Museum, Byron's wife was on the board there. And she got me a free pass where I went in before it opened. And I had my own guide walking me through the whole exhibit, explaining the whole thing for three hours. The line out there was about three and a half blocks around the building. And it was raining. So I felt really great. But if you go to Italy, Vinci, Italy is far, far up in the mountains, folks. It's all about Leonardo. But boy, you got to really love the guy to go up there because there's not much else up in that little area. But it is really beautiful. It's equivalent to the wine country in California. It's so, so incredibly beautiful. Anyway, let's move on. Oh, one of the things that I'm going to do here is I'm going to try to set up with TFNN to do a webinar describing my history through some of these patterns and where they came from and the relationships of the numbers, a little bit of astrology. And some of you folks that are new out there, you might like to see that. But I'm in the process of working with the O'Brien's to see if I can get this out. 877-927-6648. If you are in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. 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Will the S&P 500 continue to climb for bold trades on U.S. large-cap stocks in either direction, trade SPXL, SPUU, or SPXS, Directions Daily, S&P 500, Bull and Bear, Leveraged ETFs. Direction Leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges, and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call 866-476-7523 or visit Direction Investments.com. A fund's prospectus and 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. Folks, I see that the S&P did get up to the 8-point profit, 2912. She bought it at 04, got out at 8, so that's four cents. Let's take a look here at this thing we got from our good friend MR up in Washington, state of Washington. Anyway, you'll notice here this is the U.S. Dollar Index and also has a sentiment index under that. Basically, what he's showing here is a potential topping pattern here in the U.S. Dollar Index. What I suggested yesterday, I will re-suggest again today and that is take a look at the weekly U.S. Dollar Index, folks. It is screaming to you, please look at me, please look at me, please look at me. So pay attention to that chart. It's very, very important. Defy human nature. Do the work yourself. What I have a problem with with the L.A. Wave as I mentioned many times are these, if you look at the period between October and January of 2018 where they have these little one, two, three, subdivided fours and fives. I've said in a room with some of the best Elliott people in the world, Bryce Gilmore, Bob Minor, et cetera, et cetera, Tony Plummer and they'll be arguing whether it's a three or a five and I'm in there buying or selling because I don't care whether it's a three or a five. I just know that at that point the ratios and patterns are telling me the risk is such and such. I know Elliott Wave is the way to go but when you come to the fork in the road make sure you take that fork and my fork is to say I like ABCD and I like the ratios and I like the patterns. That's what I understand. It's easy for me to describe it that way but when you get these little sub minute waves it gets really, really tough. It's very unusual for the Elliott Wave different, they will have a different opinion on the market than I do. That will be very, very unusual. I mean I'm looking at it a different way but we'll have to be able to see. 2886 is it starting to break down now? Okay. Anyway, the market has extremely bearish negativity folks and that is mainly because of those big patterns that we had up here for weeks now with that three drive pattern in the NASDAQ and the S&P and the Dow Jones was lagging the Wilshire was lagging Wilshire was lagging the the little one the Russell was lagging, all of those were lagging so that's what we're keeping an eye on. Okay, the oil is let's get to the oil, very good Terry we want to get to the oil, very, very important. Here's the oil, this is where we were yesterday we talked about this on yesterday yesterday's low was the key of the day we went down to that the low that we hit yesterday was 60 30, we then rallied $2.50 a barrel to get up to the 63 level, almost 62 85, that was a 135 pattern as you can see folks got a lot of support coming in here let's rephrase that boys and girls there is some support coming in at this 61 25 level in the crude oil, that's some support anything below 60 90 is telling you that that support does not look very good but this pattern is an ABCD pattern that completed yesterday it's the second one that we have since March we know that we had one on March the 8 that was another ABCD pattern and the second one that happened yesterday now whether it's going to hold or not we don't know but nobody else does either we got to remember that let's keep an eye out on that one because it's going to be a really interesting one to watch to see how it unfolds okay now the next one well the question about apple folks the apple chart that we talked about yesterday I wanted to just that's not the one I want to see hold on just a second give me a second here I don't have the apple chart oh yes I do yes I do let me get it here it'll be under the fang section and it should be able to get it without there it is here's what we were watching in the apple and we did not get it you see here in order for this to be a potential island reversal you'll notice that we closed it 211.75 on Friday that had to close it around 207 or 208 or 209 then you had the possibility now it did gap down to 203 or something but that's not the island reversal because you don't know that you have to get the market to be right near where you sold it right on the close and that's not what happened here so that's not a good that's not a good pattern so that's neither here nor there so I just wanted to remind you we talked about it several times but sometimes I forget and I certainly don't like to do that so keep an eye on that anyway apple has got the most well Google gets quite a bit of press too but boy that apple sure gets a lot of free press that's truly an amazing thing all right folks give me one second here I want to double check I got a couple orders setting out here and to see if they're going to be working or not and we'll just move there on and see what we've got here you got to keep an eye on this this euro folks it's kind of it's just really going to be interesting here to see what happens now we got up to 2912 we're coming down on the S&P again down to 2904 again so I I'm not going to rebuy that there because it's already back through that low that's telling you that it's probably going to go you know just a little bit lower so let's remind ourselves that that is some support but it might not last very long remember that's the 61.8% report support and the 78% level on the S&P comes in down around 2897 so that's that's also a possibility that's one of the reasons when you're trading a 15 minute chart remember you're not you're not trading an hourly chart you're not trading a daily chart you're trading a 15 minute chart so you set your risk parameters on a 15 minute chart you set your profit parameters on a 15 minute chart and that's what you do now sometimes you're right sometimes you're wrong now someone just asked me would I rebuy it at 97 and my answer is yes I would because if it did it the first time it might do it the second time I don't know which one's going to fail but I've got one under my belt that looks okay so I'm going to try it again so just look at it again here and see if it's going to work or not all I know is long-term the stocks are looking very bearish folks that's a long-term long-term thing so if you keep a close eye on it that's not a you know that's not one that you want to play around with because it's got a really big chance so far we've been to what 20 here I can pull this up for just a second here 28 did we break it yeah we had 28 98 75 so we need to get to 28 98 in order to be a buyer and if you buy it there you risk your your 8 cents and you put your stop in at 28 90 so whether that's going to happen or not I don't know the crude oil just went through the 61 percent retracement at 61 25 we're now trading at 61 17 so here's another one because of the pattern that we had yesterday with that big two and a half dollar rally and now we're giving all of it back that those are things that are telling you the same pay attention you know I'm not following through like I used to in the old days so all these things are getting very very interesting for sure so that's what I'm keeping an eye on here this morning and guess what boys and girls you'll clock on the wall says that Mr. Rogers is almost done I'll repeat one more time look at that long-term weekly chart on the US dollar index it's a very very interesting chart and I think you should pay really close attention to it because it's got a chance to do something you know pretty significant in my opinion again that's my opinion and opinions are like armpits everybody has one and it usually smells keep an eye on it folks that's all I can tell you when it gets to that point I'll tell you why not until you gotta do the work yourself 877-927-6648 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done in the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well fact is markets can be timed and I'll teach you the exact set of 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game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com for more information just click the thinkorswim banner on the front page of TFNN.com and we're going to keep an eye on these markets we did get down to the 78 level in the S&P at 2898 the low was 289550 if you bought that I'd put your stop at 2898 just risk 5 cents put your stop at 2893 anyway that's what we're looking at we'll keep an eye on some of these markets to see if they're going to hold up these levels or not but longer term we still think we're going lower in stocks lower in bonds and the bonds might get a little bit higher but I don't think so but we'll have to do one day at a time with that the crude oil now is broken below the 61% retracement which was at 6122 we got down to 6101 we're trading at 6106 that doesn't look too swift gold's not doing very much today so just keep your powder dry also remember folks if you're trading a 15 minute S&P chart that's not a weekly chart that's not a daily chart it's a 15 minute chart so your objective should be laid out on that 15 minute chart not any other chart because that's all that is all that's understand is that so let's either here or there so keep an eye on it that's all I can say very interesting alright we got another though remember your homework do the work on your dollar index weekly and if you see something that you interest you drop me an email and I'll see if you win the prize of the week we'll work at that as we go through tomorrow I'm hoping to have a mystery guest the odds are 4060 that we're going to get him because he's extremely busy but I'm going to keep trying to do that we'll have next week we're going to have Stan Harley on and then also Tim Bost I'm going to try to have Tim on this week because he's got a real interesting newsletter this week that is quite quite informative I'll try to get him on tomorrow and then we'll see what happens so remember live every day in an attitude of gratitude and be sure that you take care of yourself and also take care of some other people too because they got a whole lot less than you boys and girls