 Welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We have seven hours a day. We go 24 hours a day on the Internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows up. Everyone's having a great day, safe day. It's a TGIF, folks. It's making a great one. Be impeccable with your words. Seek to know the truth. When you hear an opinion, believe it, you make an agreement. It becomes part of your belief system. Only the only thing that can break this agreement is to make a new one based on truth. Only the truth has the power to set you free. Make it wise! Let's take a look at it out here. We have the Dow Industries trading down $6.50. NASDAQ off $3.96. S&Ps off $103. Gold contract down $17.90. Silver down $0.54. $20.11. Light sweet crude up $4.63. $93. Eight cents a barrel. Notes and bonds. A ten-year note. Down $16.00. Ticks trading at a price point of $114.00. The 30-year. Down $28.00 at $125.13 and $Kingdala. $Kingdala up $546.00 at $112.800. The Euros at $97.00. The Yens at $145.00 and the British Pounds at $110.00 to $1.00 at U.S. Dollar. iPhone numbers 877-927-6648. Give us a call, folks. I know it's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, you have the jobs number come out this morning. Well, first off, if we go, we know, looking at the whole week out here, the bottom line is that you did get a sign of strength coming off the lows, you know, on Monday, on Tuesday right now, okay? Decent date, okay? We did 103 million shares. Now, you can see what's happening here, folks, okay? So, when I mainly specifically see what's happening here, we are backing down now wide price spread, but the volume is contracting dramatically. So, that's telling me on the spy here, right? So, in the spy right now, we're at 362. Now, I doubt, oh, no, this would be cool. Okay, so check this out, man. So, you get a Friday afternoon, you know, who wants to buy coming into a Friday afternoon on a down day, right? Okay, so, what I'm setting up here, folks, first for you, bulls out here. I'm setting up a bullish scenario. And this is what it would be. So, the high of the low period, meaning that the low that was established last week, that low is 357. Well, the high of that was 365.91. Now, it's three points away from that in the spy. We'll see. If you got a rally coming into the close and you close somewhere near that, that'd be saying that guess what, that's it, man. You don't get that, you're going right after it, man. And, you know, we'll see how this baby shakes out. That's in your spy. We take a look at the NDX100. So, the NDX100 is trickier, for sure. The NDX100, we're into the bar way too far. The top of that bar, there is 275 here at 269. The bottom of the bar is 267. You've done 50 million shares and you're going to 78. So, there is a contraction of volume there also. Let me go back to the spy again. So, I want to see how this is set up. Because the spy might be set up the same way on the weekly. On the weeklies, it looks like they're setting up larger ABC structures down. Yeah, the weeklies are too. Yeah, they are. See, if this is an ABC down, it's going to be a monster, man. That's going to be a monster. Because if we go to the spy, they look at, what, 411? Yeah, that's 55. That's 320. Yeah, 320 brings you over here. What's that? That's October of 2020. Clothes, I can tell you, is going to be important. There hasn't been a bounce all day. Not even close either. We'll see whether one comes in. What has been happening in a bad market is that the gold equities have basically held up. Let me show you first the contract. Okay, so the contract, we take a look at the contract and what you have with the contract is you're backing down with 258,000 contracts. You got to 1698. It's at 1703 right now. And you can see that you're going into 258,000 contracts and 205. So that says it wants higher price. We go take a look at the bond market. And what we have inside the bond market is that this is going right after its lows. Now let's watch this, because this is going to be cool. This is cool too, man. So look at this. So the bond market, you're coming into how we came off the bottom. Now look at, that's a contraction also. That's 1.1 million contracts going into 2.9. Okay, now we go to king dollar. So what gets intriguing here now when you start putting together the aspect of where the bonds are and where gold's going, you know, we know we have this high out here. Now that being said, it's actually, that my head wrapped around the aspect of that, if this dollar was going to the highs again, right, now the highs are open, that's for sure, okay, because the low of the high is 112.561. Well, we're at 112.813. That might do it. And where I'm going with this whole deal, folks, is this. Is that it looks to me that number one, you're pulling back into the lows with light volume. Then what you're also doing is that the bond market is pulling into its lows with a huge contraction. And gold is not getting killed. Hey, I mean, look at, I mean, we own this equity, but this is really intriguing. I ain't going to shunt you, right? I mean, you get a bad day in the market and this thing is only down 25 cents, man. This thing is going to, wants to do an ABC structure up. So, let's go, well, let's go to the dog. See the dog of the whole gold market and the largest weighting structure is Newmont. But even Newmont, look at Newmont. 5.5 million shares and you're going into 12.9. So, when I started putting all of that together, that's telling me that what's going to happen here is that the low that is established, you know, the last low that we have that is trying to test right now, that's telling me that that low is probably going to hold, might spike it. But it's also telling me that it's not like you're going to take another leg down before you get another bounce. That's kind of how it goes. My take, the larger take, now that's the take right now. And I'd say that, you know, right now next couple of weeks, okay? My larger take is that, you know, the SPX is at, you know, 3,600 and 3,100 is game. That's kind of where I'm getting the 3,100, folks. That's the high of the low of COVID. That's where I think we're going. Stay right there, folks. Come right back.