 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 feeling good Lewis we're gonna take a look at trade what you see right now folks because you got to trade what you see not what you think and this is what I'm looking at in gold we've had a heck of a move all the way up to 2020 and in two days we've given back $80 the harmonic number in gold that repeats over and over again 36 or 18 36 times 2 is 72 awfully close to where we are the 382 retracement of the low that we made way back when if you remember early February comes in at believe it or not folks 1939 and you'll see the low today I believe was pretty close to that now all we're going to do now is take a look at it little by little because we actually were short gold based on that same principle of 382 I'll bring it up here to show you what we were looking at here now this is remember this is a 15 minute chart the other one was a daily and so you know your patterns are going to be a little different even though the prices might be close you can see the 382 that we made last night we hit it twice up there exactly at 1987 and we came all the way down here and we went a little below the number we were looking for on this half hour chart was at 1944 we went a little bit lower than that number so what we want to do now is we want to look at it from one other kind of perspective and that looking at it as a pattern over what's happened say over the past week or so so all we're going to do now using the same things just the same ABCD don't do anything different folks don't know how to do anything different and you know what darn proud of it there was that low we had right here which was a 382 of this move right here the market then makes an ABCD and look what's happened over these last two days there's your ABCD pattern coming in right here 61% of the low we made back here was 1939 so we get below 1939 she's going lower so that's basically all I know and I'm sticking to it I hope that helps anyway this is a this is real interesting one because this encompasses just about everything that I've worked on my whole career you know besides the Gartley patterns the ABCD's the Fibonacci numbers harmonic numbers all of it comes together here at 1940 who would have thought here who would have thunk it back on Sunday and Monday that that stock trading up at 2020 that you'd see an 80-point break in just a matter of two days and you think if that's a big deal folks go back and look to see how the highs are made in gold they have tremendous breaks 15 a hundred dollars lots of times on the way up I should tell you the story I think I've told it before for those of you that have not heard it before I'm gonna tell it again because it's one of my favorites it was 1980 and it was January the 20th and gold was up the limit at 865 dollars an ounce and all the back end options with interest rates about 13 percent were trading with spot gold at 865 carrying charges made back end gold around 1050 lock limit up and I had a beautiful three drives to a top pattern on a 15 minute chart had to do it by hand by the way had to keep track of them by hand using the Reuters machine and I said well I gotta give it a shot up here at this 855 860 level and so I said I'm gonna do it so I called the floor and we cleared all of our metals through Goldberg brothers in fact the reason why we did is because that is what the Hunt brothers out of Dallas Texas wanted to do so that's why Drexel was clearing there and they were a great firm I don't know what happened to him later but Richie Goldberg was the youngest with there and of course I'd done a lot of gold business over the past five years and six years and he said five years and he said I asked him I said how many people are in the pit he said well he said there's some in the spot pit he said there's a few he said but there's nobody in the in the other pits is just there's one or two brokers there at all and I said well look Richie I want to sell a December gold remember this is January the 20th when gold peaked and I was selling the December gold for 1980 was selling at $150 premium because of the carrying charges and he said oh Larry he said don't throw your money away I said Richie how long you've been down on the floor he said I've been here six months I said Richie sell me to and he called me an SA you know what that means smart almost yeah something like that and I laughed and I said go ahead Richie sell two of them limit up for me so he sold two limit up for me and he said okay here's your fill I said Richie put an order limit down he said I can't do that I said Richie I said you had to put the order and I'm giving you an order and it's within limits you have to put it in he said that'll never be filled I said just put it in just for kicks and giggles okay I didn't say kicks and giggles I said something a little bit obscure I don't remember exactly what it was and I'm not kidding you folks about an hour or two later the gold started to break once it came off limit once they ate we were at 865 once we got down to about 855 850 all of them start coming off limit there was just nobody in the pit they went limit down had a hundred dollars swing up and down 50 up 50 down and that was the high of the market folks and you know what it wasn't until 2001 gold at $235 an ounce that it finally bottom and boy we had some wild stuff happening during those years I have some of those incredible moves that we had were just really spectacular but with that I went out and I bought myself a nice automobile and I was always reminded of that I had a license plate paid for it called 300 gold because I thought gold was going to go down to 300 and it went down to you know 221 or whatever it was no to 235 I think is where it bottomed in 2001 so I can't tell you of all the trades that I screwed up during that time because I'd have to be on the show 24 7 for about 6 and a half weeks but that was one of my better ones and I certainly I certainly enjoyed that so those are just a few of the ones we're going to be looking at here I wanted to share with you you know we have a lot of stuff talking about the banks and things like that and I think it's very important that we talk about what's going on with the banks because folks I'll tell you you know what this thing is not over yet just because you know someone comes in and waves a magic wand and says everything's everything is okay hello operator the world doesn't work that much and the reason why you know that is let me just give you a bird's-eye view here okay this is Goldman Sachs okay I'm going to bring goldman's I'm going to show you some of these stocks so these are these boys know where the they know what's going on okay you know I'm a technician I don't know why it's dropping all I can tell you there's more sellers and buyers okay now that was a few days ago I know we went a little bit lower when we were probably starting to bounce today but by golly you know what what happens if they know something that we don't know that maybe that there's a counterparty risk in other words the people that own the bonds don't have the backing much like they had in China with those real estate loans now is the Federal Reserve going to be able to bail everybody out I think not but we'll see remember what happened on Thursday folks it was the largest repose we've ever seen in the history of the world by far I mean like eight times bigger than ever and that that's not a good sign so we're gonna be watching some of these others to look at but I'm gonna I have done some of these because I think it's important to see you know where these banks are now here's one that because it's actually made a price target down here this is the one from Jim Bartley only gave us who will be our guest here on Friday talking to us about natural gas and also the NASDAQ banking index you remember he gave us a cell signal here about three and a half weeks ago right there and by golly that's been a pretty good one it will be right back 877-927-6648 currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Keg stats Tiger Forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously when you sign up for the Tiger Forex report you also gain instant access to Teddy 60-minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger Forex report 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 TFNN has just launched their new trading room the Tiger Zen 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 and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris for just $1 for the year there's no cash or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all 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our money back guarantee at TFNN.com TFNN educating investors eight seven three seven six one eight okay folks I posted a chart for the bonds but it didn't come through and to me you know I'm a technician so I want to get this out to you it only take me two seconds that's one second and then I need to go to right there and then I go to right here and I want to bring the chart up and that's the step number 12 or three or six here it is right here this is the Treasury bond since March beginning of March when we had that big move from 122 11 handles folks we haven't seen a moving bonds like that ever in March because that's usually a negative month and you'll notice here this is where we are right now we're having a correction now and everybody wanted to buy it when we had this three drive to a top pattern right here into the midst of the banking crisis for silver silicone Valley Silver Lake Bankman freed and a whole bunch of others as a three drive to a top pattern here's the 38 true retracement coming in here at 129 and change we just made a 129 handle here 129 28 just a while ago this is a this is a three-day correction in a maybe a bull market we have higher bottoms and higher tops that's for sure so basically we're going to be watching it really closely what happens now they've told us that this basically is all old old alfinito and done no more banking crisis we don't have anything to worry about until we do and folks if you think it's just one bank I think you better pay close attention because I've shown you a bunch of these before and I'm going to show you some of the good banks okay now remember these boys do not have any trouble this is the melons of Pittsburgh folks hello operator you know look at this look at the correction that this has had in the month of March I mean this is really a big move in all of these stocks they know something somebody is selling that stock it's not just you know Jimmy retail they're certainly not doing that here's one of my all-time favorites probably the worst bank US bank for time out Larry's going to shut up here I'm going to show the picture of this bank right here you can see it's in a very very pronounced downtrend for the last two years and if you think this is a bottom then go for it may force be with you but my goodness it's got some problems as near as I can tell so let's take a look at a couple others that's important because you realize they're all doing the same thing here comes one of the best banks investment bank this is Morgan Stanley look at this Morgan Stanley even those Jim Gorman and all these buddies they know something's happened up in here because they've been selling for whoever they are they've been selling for well over three weeks now and that then when then what happens at the end of the three weeks oh credit Swiss goes bankrupt well credit Swiss has been going down forever well two years you know you talk about mismanagement I mean that's that's it and then what happens is the United Bank of Switzerland was told to take control of the bank and you don't want to have that happen if you're in the banking business that's what I would think but we'll see okay here's here's one that's a little too late to do anything about this is Signature Bank of New York and I noticed today that they're buying First Republic is buying the old whatever it is that they're buying you'll see here that we're come all the way down here and now it's tapioca when it gap down like this and didn't open that means that no more now all it takes folks all it takes is one more bank one big one like credit Swiss there's a couple of them in Europe that look a little shaky and but anyway if that happens then we're gonna find out you know what's gonna happen because they have been here's here's the best one of the best folks that this is a James P. Port Morgan JP Morgan run by Jamie Diamond you'll see here this has been one of the best you know this is just a normal correction all the others are you know they're really getting hit hard but not JP Morgan JP Morgan is held up relatively well one of the few Morgan Stanley's relatively good too but boy some of these others that made bad decisions we found out today by Bloomberg that PIMCO has taken a 200 million dollar hit I mean all of it the bonds are tapioca that they had for credit Swiss they're done and guess what they're trying to get the US government to back us out through the Federal Reserve system they tell us oh we're not gonna do anything we're gonna let the Fed do that hello operator who do you think the Fed is anyway I don't know what's gonna happen I've been through these before nothing like this this is the this is the one that was up today it's up about 20% because it has been this is a California Bank first first Republic I believe is what it's called and as you can see it's had some major problems here we've had a it was up 25% today it's gone up from I think 12 to something I mean 25% when you're down this low is not very much I mean you can double in it still very much but you can see they had trouble up in here on the way down there's where the real trouble happened right here is when you were making a 3A2 retracement of the high there's another 3A2 retracement of the high there's the second one right here and then you have the big gap down that day and a big move down and boy that and it went down even lower but it's so far it's been able to hold it together they've got they've got funding put together someone gave him a couple of billion dollars and might have been the O'Brien's I'm not sure I meant that as a joke boys and girls I love the O'Brien's I just shouldn't have said that because and here here's one that's a little scary if you live in California or any of the other 49 states because it's in every single state and I want to my grandfather used to own stock in this when he lived in San Francisco when he first came here from Italy and it was AP Giannani and that was Bank of Italy and you can see here that we made new lows down in here that basically is a you know three drive pattern so if we get a bounce in this the bounce is what's going to be important folks because if it doesn't bounce much and if it doesn't bounce much then there's trouble in River City that's when you got to really be scary that's if it doesn't bounce at all guys without a bounce they be no ounces of gold in your stocking at Christmas time they tell us so we'll do one more and then we'll get ready for our break here coming up and this is I have to show you this one because this was screaming at me sell me sell me sell me this is this silicone Valley Bank I mean it was running you know the hedge funds or the IPO guys where they got their money before the IPOs look at this three eight twos all the way down here and then finally it gaps down and then boom it's over and they are over that's nobody even wants to buy them at a 10 cents or a dollar or anything like that they bought credit Swiss for 82 cents on the dollar but they were told to buy that and I know they're not happy about it because that was UBS's major competitor now they've got their competitor under their wing and they've got to sort it out and you can imagine how many layoffs are going to be made there as they thin the ranks to get the cost down so that it doesn't cost very very much and that's the key they've got to take care of these things as far as you know watching what they're doing with their hold on one second I have to I have to check one of they have to watch what the expenses are to see you know what's going to happen with these things so I hope that gives you some indication of what we've got going on here so live every day in an attitude of gratitude you come back and we'll be having some more to chat about if you want to take advantage of this sector now is the time to subscribe to my goal report the goal 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 goal report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the goal report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be tfnn educating investors 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 in our gear 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 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 folks I'm going to post a gold chart up here to show you what we're looking at here as far as a longer term perspective there was our 382 retracement that we had here now we cleared all of this up in here folks we got up to 220 and course measures are quite a bit higher than that but now we've had this really severe correction today and yesterday and down about 40 some dollars so far and still falling and that's what we're looking at one other question that someone asked about was the treasury bond what was the exact number in the treasury bond for a 382 retracement where we might find some support and I'll bring that up to you now because we are very close to seeing it right now hold on one second here and you'll see that that comes in at 20 129 20 and we're trading 129 30 right now so that would be pretty strong support in here after this big run up remember this low right in here was also a 382 offer here that looks like like it was nothing but that was actually pretty big at the time and then we have started hearing about something going on in the banking industry and you can see what happened maybe it is over folks and it's all done and I certainly hope that it is but I've been here been through these things before and sometimes they don't always appear to be the way they seem because what it is is what it shall be and what it shall be is what it could be and what it could be is what it is now let's take a look here at the footsie we get this from our good friend Tom who guard Tom looks at you know numbers and harmonics and stuff and I think we can get this up here there it is there's the footsie you can see perfect retracement folks on this daily chart right out of 61% retracement right here and a perfect 61% retracement on the way up so those are some of the things that we're watching here today so I hope that helps and we'll find out whether it's going to mean anything or not but that's the way it is and that's what we're going to be looking at okay now we had a question from someone about one of our things that we follow on the commodity front and I'll bring it up here in just a second so we can take a quick look at it it will only take a minute and that is our good friend natural gas and I want to bring this up here we will have Jim Bartolioni on my show this coming Friday he's going to be talking to us about the banking stocks the Nasdaq and also a natural gas because we've been looking for this market to hold this level right here it did for one or two days this week and then of course we've rallied just a little bit and now we're breaking down and we I don't know if we've taken this out yet but we're very very close to taking it out so this failed after I got there and hey this might happen to the gold market too this might fail right here and we just just drop out of bed like nobody can believe and guess what happens stocks can go up and that's what you have to do when you're watching these things because when they go up they can go up a lot farther then then you might think so we'll take a look at it we got the bonds just hit 129 28 folks so there only eight ticks away from where we thought we were going to be we just had a hundred point rally in the Dow Jones and a ten point rally in the S&P and we're coming over some real interesting times here for the day so this is going to be real interesting as we watch these things unfold for today I'm going to bring this up here just to show you what I've been watching for today and we'll do this one thing at a time here and you'll see it's been pretty good here let's just get up here so we can take a quick look at this is what the forecast is supposed to be for the rest of the day because we've got a about another half hour of potential upside movement but we're also setting at the 382 of the daily range right now to with the Dow Jones and I'll bring this up so you folks can take a look at it and decide for yourself whether you want to trade it or fade it that don't make any difference to me because buyers and the sellers are the same different fellas to take a look here get this up here so we'll be able to see it without too much trouble I you know folks I'm sitting here doing David's show and I just literally can't believe it I've known him for 17 years he was already doing his show when I first went to work for TFNN and by golly I'll tell you it's been a it's been really shocked for me to to see him you know and not be with us anymore I mean he's here us on Thursday and he died Thursday night evidently is like one in the morning on Friday from what I understand and boy it was a huge huge shock I loved his saying you know he trade when you want to not sell when you want to not when you have to I love that I thought that was one of the best one-liners that you can possibly get here now getting back to one of the questions that someone had and that was about the natural gas I showed you that the natural gas had been failing to the downside I'm going to be looking at that more and more all the way through here but also I want to show you copper which has held up incredibly well during this run here because it's another one that someone asked a question about and we'll get it up if you do have any questions it's 877-927-6648 we'll try and see we had a nice little bottom in here we're having a couple pretty good rally here with the other medals this past week our platinum didn't you know carry the torch very much and silver did but these things could easily you know melt down this might be a different time where things actually going to be a lot different than than what we than what we thought I wanted to share with you one other one that was was a really nice trade this is a this is the the chart for July soybeans folks one of the most important crops because it breaks down into soybean oil which is used for paint and it's used for margarine and oh my gosh there's so many and gasoline it's an energy source I mean it's got all kinds of things but as you can see here we had a big ABC down here on Monday and we got hit there on Monday had a really strong rally of 30 cents and then it came right back down and it was it end up being a break-even trade because we didn't take profits I thought it was going to have more than that but we went through that low like it didn't even exist and that can happen with the gold and if it does and if it does that's going to be telling us that there's something not right and that's the whole thing of it's not how much money you make folks it's how much money you don't lose and we're only a dollar from our lows here of the day here on on the gold right now it's trading I just saw 1941 for it and the low has been 1939 so it hits less than a dollar a little more about a dollar and a half in the bottom the 1.618 expansion comes in at 1937 and so it's going to be interesting because we got these things are happening and they're happening in a very very fast pace so let's let's remind ourselves that that's what we've got to do here as we're watching these things here unfold here today okay well we got the S&P right near the highs of the day well not to not either we're getting close there we got up to 21 here we should be rallying till just a little bit longer and then we'll see you know what's going to happen with the market gold getting ready to make another new low here on the day so that's going to be another fun thing to pay close attention to today as we see these things unfold here today okay now let's move on to one other one that was asked about during the break here and that is in the futures market and that happens to be the crude oil market folks and this is excuse me it wasn't crude oil that they asked about it was a live cattle let this bring this up here and show you here we had a really nice signal in live cattle here a couple weeks ago right up about 10 days ago you can see well two weeks you can see right there is where the big ABCD three drive to a top pattern at 166 and had a big break about 6 cents all the way down to 155 and it's been hanging around there and we're waiting to see what happens from this level we're going to take a break folks 877-927-6648 sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market about taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors 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 Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today TFNN.com educating investors are China shares hot or not if you trade China shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China a share bull and bear ETFs China shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 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 for side fund services LLC this program is brought to you by Vista gold traded on the NYSE American and TSX under the symbol VGZ okay folks we're back and I wanted to bring up the chart of silver it's only done about 60 cents today folks between yesterday and today which is not very much it's not even close to a 382 retracement I mean that'd be down another dollar so it's quite surprising that silver is held up quite well they must have somebody stuck in the gold market that's been my guess anyway you'll notice here on the bottom we had that really nice redrive to a bottom pattern right here we told you about that when that was a long time ago that's when gold hit 1618 then we had this big run up here excuse me this was 1810 in the gold not 618 not 610 anyway and we got up to the 61% retracement this is when gold made a new high at 2020 on Sunday and Monday actual Sunday and then it made another high during the session on Monday so that's what's happening to the silver market is acting pretty good one day down in gold doesn't make a but you know makes a bear market for one day because you're down $40 and still dropping that's a really strong sign here that there's something wrong in River City and we just made new lows in gold so it's still you know heading south so that's another one that looks you know really really suspect right now but I don't think a bull market is that's how they end of course and we're going to find out if that is going to be the case or not as we look at some of these things unfolding here today okay now let's take a look here someone asked a question about I had five questions this is the last one so if you have any questions you know please give us a call and I'll be happy to you know to tell you whether things are if I can answer the question I'll be certainly help you to try to answer the question of what I'm trying to depart here with our good friend David not being with us anymore golly gee it's just hard to believe I mean I used to listen to him quite a bit just from the interest of what he had as far as knowledge of the things that were you know going on so very very very very very delightful to see him coming on really close we're still only eight pips away now in the bonds here 129 28 is where they're trading right now 129 20 is the 382 on the run here so keep a very very close eye on that and then also the currency markets you know they've been jumping around a little bit but the euro stopped exactly where it was supposed to stop today we we were fortunate enough to see the daily chart here on the euro early this morning and you'll be able to see that we went right up to the I've got to put the chart in so just give me one second to send it over and then what I want to do here is I've had several questions about natural gas because Jim Bartolioni is going to be coming on our show here on Friday but the questions they had were related to today but let's take a look here at the euro see with all the announcements that were happening today you know the end of the world had been put off and so the euro was relatively strong but what was happening is it was setting right there exactly just about eight pips off of the of the 50% retracement and so that was the place to sell it and went a tiny bit higher and then it's broken 30 pips to the downside now that trade is not an ABCD because this low is higher than this low if this low was lower you would have an ABCD but that is not the case but you still have a ratio and that's what we're watching there was that there was the first 50% retracement and there was a second one so it's had some resistance up here all we said was you only have to risk 30 pips it went about well I think 18 pips against it and then off to the races it was so that's another one that looks you know really really interesting here as we see these things here unfold here today we got the S&P just getting ready to almost make new highs are only eight eight points away and we've got about another oh it's by the end of the day here the last hour of trading it's going to be very interesting because we have a situation where the and this is the where the AI is the least most reliable is the last hour of the day because it's already made a prediction for what's going on during the day and it just says that this market may not close on the highs of the day so that's what we're paying close attention to here so far to what we're looking at and remember Shane Smolian will be our guest on Thursday he's been you know saying this rally has been here and by gosh it's here so we want to hear what he has to say we were certainly expecting it and it did what it was supposed to do it went right up to that ABCD pattern and you know looks like we're going to close above that we're at 4024 right now the high was 4031 and boy that is a sign that this market looks like it maybe gonna break out to the upside and head out to 4200 possibly with everything being solved and no more banking crisis or everything boy that's a that makes it really really easy to to buy some of this stuff and in my opinion as we watch these things unfold here today hold on one second here folks I want to I want to see the gold make another new low here which it just did so we still haven't made a bottom in that market yet we're getting close but no cigar as of yet so it's going to be interesting oh my goodness this is a there's a that's a well I don't want to say it's a three drive pattern because it's only on a five minute chart but boy it's really close here down here at 1937 it looks like we could eat you know I guess I could show this good nice sure I could let me just I'll make it a small one so that we can put the thing together oh excuse me boys and girls the Palo Verde's are here with spring coming today the equinox starts today and that's always a fun thing to see happen especially when you're here in the desert let's you'll be able to see this three drive pattern without too much trouble here in just a moment if I can get this thing there we go hold on just one second and I'll just draw in and this is just a four minute chart over the last three and a half hours and it says that we should get down here to 1937 here let me get this out so you folks can see it I know it's a really short term but we have to kill some time here to show you some of these patterns because they work on the long term they work on the short term and that's basically all you can look at here it is right here this is the gold market on a very short term basis and you'll see we get this up here you'll be looking at it right there and there's where we are we should get down here it's about 1937 below there folks it's lights out in River City because then you have nothing below there you got all the harmonics are broken if we get below 1936 and that tells us that things are going to be really really nasty and maybe for a considerable length of time we don't know the answer to that but we're sitting right there on the lows so right now within 10 cents down $43 and it doesn't take much more for it to go down just a little bit more and that's where you are you're you're going to be out of luck if you get to that level so we'll see how this thing holds up and that's really all you can do I give you as best information as I can but like they say in the trade there absolutely no guarantees we've got the NASDAQ getting ready to make new highs that's bringing a lot of our buying into the market which is good so we're going to see what happens that last hour and that's what we're watching here okay I think we've got we've got a break coming up here my goodness an hour has gone so fast you can hardly even believe it anymore so if you have any questions folks it's 877-927-6648 this is Larry Pesevento trade what you see not what you think 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.com 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 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just visit the front page of TFNN.com catch Tom O'Brien professional trader and educator founder of TFNN also a special guest on CNBC Tom will bisect and dissect the markets the Tom O'Brien show next on TFNN okay folks I posted the chart here of the E-mini S&P making a beautiful Gartley pattern three drive to a top pattern as you can see come in exactly at the 78% level here at 40-30 about one that measured to 40-30 right there we've sold off 30 handles and then we come back to challenge the top again so anything above this tells us that we're probably going to go substantially higher either today or tomorrow maybe continue on for weeks and months I don't know because if this banking crisis has been averted then by golly you know what things could go a whole lot higher I would think so those are just a few of the things that we're paying close attention to here today by the way if you listen to my show tomorrow we're going to have Stan Harley as our guest the Harley stock market cycles and then also we're going to have on Thursday we will have Shane's million the wolf trader calm and then on Friday we have Jim Bart Leone of a Bart's charts he'll be talking to us about natural gas and also about natural gas and the other one hold on natural gas and the NASDAQ banking index that he told us the break was coming three weeks ago when we had him on the air we all had that beautiful Gartley up there and son of again the market just rolled over and by guys that's exactly what happened so very very interesting what we're seeing here today in some of these markets so I certainly hope that helps it's really been great being able to set in for David today and golly gee little if you think of him give a little white light out there folks is that deck he was a real stand-up guy God he is so smart he literally had just really really a bright fellow with I just can't believe it anyway that's gotta go on move on that's all there is to it okay that's pretty much it I think so live every day in an attitude of gratitude and may God bless and you know you do something nice for your neighbors folks if you can because there's a lot of folks out there having a whole lot of trouble and you want to help them the best they can so that's all we can say we'll be right back 877-976648