 The following is a presentation of TFNN Trade what you see with Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good. We're going to take a look at the Dow Jones industrial average folks So we've been talking about this big ABCD pattern for quite a few weeks now. It is in place We made the D point. We've rallied five days now folks This is a five-day rally and no one thought it could happen a few days ago by by golly. Here it is Let's review one thing because I think this is Indicative of everything that I've seen in all of these charts for stocks futures the stock indices and stuff They all look pretty much exactly the same and that is by looking at the chart of Tesla You're going to get a pretty good idea of the harmony that we had here in the stock market Over the past few months. That is a giant ABCD pattern folks It's just like the one in the stock market except for one thing and that is the time sequence between A and B and C&D is absolutely perfect. In other words the time in price comes in Exactly as it's supposed to come in now You can see on the far right here that you also had an ABCD here coming off of the 3a2 This was a 1 3 5 pattern right at the 3a2 that led to the big move down And of course now we're seeing the market start to rally, but it's interesting Because you know everything I do folks is a B equal CD I live and die by it and I live more than I die by it, but that's the way it goes sometimes. Sometimes it's good Sometimes it isn't but here's what we were looking at this morning coming in early I posted this real early in the morning. Hold on just a second. I updated it just a second ago Well, not a second ago about an hour or so ago because we were looking this is a ABCD over a five-day period and that target comes in above the 786 at 91 excuse me 90 47 the high so far has been 90 49 that completes that a BCD pattern It's also if you look at the red swing that you can see here when we were still in the bear market We had this huge rally and guess what this one measures to folks Right to that rally right there. These rallies are exactly equal the market repeats itself Over and over again and speaking of repeating ourselves over and over again We have a special treat for you today folks Shane Smollion will be on the air at 1130 to give us his call and what he sees happening in the market And I think we're going to have some fun things to talk about when we visit with Shane Now let's move over to one other market that is really really exciting folks This is what I was looking at yesterday in the hold on one second here. This is the natural gas this thing is It swings five thousand dollars like the S&P moves five points folks this thing really swings There was the 382 retracement On the daily chart that we had back here matching the low that we had here three weeks previous Then we went up and you can see we're making another high or high folks I missed this yesterday. I was not feeling Too good because of the old the pollen and stuff but by golly if you take a look at this I looked at it early this morning and then I saw some of the things that were happening in it I said oh my god the swings it's already it's already moved ten thousand dollars a day folks and it's still gone nowhere Look at this. This is a perfect three drive to a top pattern folks. There's drive one. There's drive two There's drive three look at the time distance between the highs Absolutely, perfectly. I mean you just can't make it up. It's just right on the money 1.27 expansion up there at nine point five four and it dropped $5,000 and then rallied back four thousand dollars and then down three thousand dollars It's had a twelve thousand dollar move today folks and it's quarter after eight in Tucson time. Hello operator Get on board that puppy that is the pork bellies of the futures market Let me tell you that thing really swings. I I've been trading it for several years I know very little about it the participants in the market But they must be really really folks that love the risk because by golly that thing really really moves around a lot And that's what you like to see when we're seeing some of these things, you know unfold here today So it's a it's quite important that we remember when you're trading these things It's about how much money you don't lose not about how much money you make and that's The real key to what we're watching here This morning now, let's get back to one of the markets that we've been in for quite some time It's holding its own hasn't made a lot of money. In fact, it's trading. What's interesting here This is the euro folks. We've been short the euro here for just about hold on one second here We've been short the euro here for about three days now now the difference is is that we've not gone to a loss We're still in a small profitable position of a couple hundred dollars But what we've done is we've raised our stop over the previous day high up there at 1 7 0 6 0 because we sold it at 1 7 oh 3 7 every can't remember somewhere in that bucket It's just a really small risk and if we get above that we want to exit because the market staying at this level and Not going down. It should have broken badly. It did it broke about it broke about nine hundred dollars But it came right back and that's why we have to be really really careful in here We don't want this to turn into a big loss So we keep our loss really small by putting our stop in and if it's hip and if it's hip We go on and not worry about it That's the the main thing that we're doing is we're looking at these charts here each day now Let's let's move over to the gold market here folks because we've had some big moves here in gold If you like a bcd and golly gee, we like a bcd get this up here so we can take a look at it This is the gold market as you can see here over the past eight days beautiful a bcd patterns all ending up here 1868 the short was due to come on at 1868 and we've had a pretty good break in it today We broke out we broke all we broke thirty dollars, which is one half the heart well It is the harmonic number of gold is 32 and 64 and it went exactly to the 38 to retracement folks I just want to bring this to you to your attention because hold on that's not the one I want to see the attention one That's not that one either. I've got a lot of charts here And I'm hopefully able to get them to see it to see everybody can see them to there It is it's over here on this side of the page here. We come now. Here's gold Using the same chart. All I did was I put in the 38 to retracement. Well our target on this is right here folks at 1825 So we've still got 20 more dollars to go. We're in about we're up about 22 dollars right now We've locked in a thousand dollars So what we're looking at is that we want to be able to get down to 1825 that would be ideal right here We're having a little bit of a counter trend move here That may lead to an ABCD to the downside But that's what we're waiting waiting for is 1825 in the gold if we can get there The risk on this was relatively small about eight dollars and as I said, we're up quite a bit Now we had one other one this morning that was looked like it was going to be a good trade but it didn't last longer than Hector who's about 12 years old that little pup hold on just a second here. We'll get this up here so you can see if this is a For our chart, I believe in the Yes, it's a for our excuse me. It's a daily chart in the Crudall We were looking at the 78 percent level here at 212 and you know I said, you know, put a stop in here because if it goes through there by much, you know We could easily get up here to the 618 which is up to the 786 is way up here at 115 That trade lasted about five minutes mainly but when we see these patterns folks We got it taken. Let's take a break eight seven seven nine two seven six six four eight Of booming inflation. We are purchasing powers eroded There's no better place to protect your hard-earned money than ain't gold This the gold flagship asset is the Monk Todd gold project in the northern territory of Australia This is Australia's largest unveloped gold project. We are talking a world-class gold project in a tail one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This this thing which is Mount Todd is an attractive dearest partner ready development stage gold project This the gold trades on the New York Stock Exchange under the symbol VGZ You might think that if you want to be successful at trading in a stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave The Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by Basil 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.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an Amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors all now toll-free at one eight seven seven nine two seven six six four eight internationally at seven two seven eight seven three seven six one eight Okay, folks. I'm gonna change focus here for just a moment here to talk about the grain markets There's a lot of stuff in the news. Don't watch the news very much, but in the early morning I'd like to see what's going on just to see that there's not been any regime changes across the world or The devaluation or something crazy and they're talking about a fact that you know, Dessa Ukraine there is huge stockpiles of wheat and corn supply. I know it's wheat, but I'm not sure it's corn But they said wheat enough to feed 400 million people. Well, that's a lot of people folks That's a whole that's more than the US of a one-third of China one-third of India But they are concerned that possibly that the Russians will bomb that Grain facility and make it inoperative. I don't believe that will happen But even while that's happening I posted this wheat chart here folks Now you'll see here that we've had incredibly bullish Stuff in wheat and corn and beans as you as you well know But we were in the midst of a correction now and this is a very very important correction We're coming in to the end of May, which is one of the strongest seasonals for grain Especially in soybeans. That's one of the really big ones by the way tomorrow I have I have a special meeting that I'm going to have to go to and I'm going to be meeting someone very famous in our business Peter Brant Lives here in Scottsdale and a couple of us are getting together with him Early in the morning to do something and so I won't be able to be in the show Tomorrow, but I will be back on Monday Hopefully we'll have Jim Bartolioni on on that day. He's been swamped, of course Anyway, as you can see here where I marked the key time. That's a 61 percent retracement folks That watch that very closely because that is a perfect one three five pattern one three five If it lines up perfectly just like that. Oh dear That's that's really a low risk trade in wheat and remember these grains We're we're in the midst of some hyper inflation stuff. There's no doubt about it We see it in gold and we see it in we even though gold's selling awful It's rallying Down a little bit from the hide at me, but still doing pretty good. But let's take a look here. This is a December corn. This is new cop corn. Let me get it up here So we can take a look at it. This is another one that is Very very bullish And we have to have bumper crops just to keep the world from you can see we've been at the 382 here one two three times now so Somewhere in this area here just like in the wheat We're going to be looking for a place to get long the corn We might get all the way down to the 61 percent retracement But you know, we have to wait to see what the trading gods are going to give us There's also that possibility of an a b c d move Down to this level right here, but the wheat is the one that really really looks Looks ready. I mean it really does and the last one, of course I'm going to take a look at here is the soybean market. Just give me one second and we'll get up here to take a look at it Oh, I have a memory about this this trade right here. Okay. Here is the soybeans. This is uh, November, this is the new crop soybeans You can see here. We made this beautiful garlic down in here And there's this really strong seasonal coming in here on the 31st of May I will tell you this story of one of my My favorite well It's one of my favorite to to tell but not to remember if you know what I mean Now this was a we had a friday. We had a crop report coming in. It was on the 27th of May 1983 I was trading on the floor of the exchange And I happened to be over in the board of trade building in the morning to see that report came out And I wanted to see You know what the action was going to be like and I put my order in At lin wall dock about an hour before I went over to the board of trade byron And I went over there to see what the reaction to the report was going to be in the soybean pit itself If you remember of ether exchanges, you could go to the other exchange You couldn't trade on the floor but you could walk onto the floor with your board of trade vads I just wouldn't take any orders because you were a different exchange So we were watching from the gallery after going down and visiting a couple of people in the bond pit And the report came out and I had an order setting in to buy november beans I believe the price was something like 680 680 and a quarter And the market hit 6 79 And it took off and went limit up the limit was 30 cents. It was down about 10 cents So I went down 10 cents to up the limit and I you know, I had a couple contracts on So I I knew I had made $2,000. Well, I get back to the lindall lindall dock office And I checked it, you know the the runs to see where the trade was no fill And I went down and you know, I said you check this out for me And they said that there was just nothing there the broker couldn't get it filled fast enough because it wasn't electronic You know, he had to have his hand up and you know bid on the four contracts And I didn't get filled and folks they went limit up a couple more days Right after that that was the day that rick barns who was trading with Rosenthal Collins And he was in a debit balance In in the bean in the bean market and he came out and he started bidding for a million beans He didn't have enough money to his count, but those brokers out there They didn't know that only the rosenthal people did upstairs and by the time it happened It was already over So he got that nickname bid a million barns because he started bidding and that took the market up up up up And he went limit up he got him out of debit Then it went two or three more limits and he ended up making four hundred million dollars over the next I think it was the next seven or eight years as I recall jim 20 men knows the figures, but I didn't know that I knew rick was one of the brokers that worked for roy facile In the county commodity office out there in los angeles when I first started trading And uh, he was uh, he was a very flamboyant fellow very handsome fellow and incredibly good traded gosh, did he have He had nerves of steel and uh, the real kahoonis folks so but anyway, that's his story his son is still trading and I think rick is as retired down in florida on his fishing boat He doesn't trade much from what jim told me but he does occasionally do something but uh, he loves He loves fishing and that's what he really likes to do Okay, two more minutes before the shane man the wolf trader comes on I wanted to bring in and uh talk about another one here That is very very important because these markets are you know, really screaming and we'd like to see Everybody make a couple of bucks and this this is why I thought this was going to be such a big bottom here in the stock market Let's get this up here. This shows you the Amount of pessimism that we had here right now Was almost half of what it was in 08 and 09 a march of 09 when we were making the bottom That's how bearish it got folks So these markets can go a heck of a lot higher and they most probably will so This is just a five day run and it could be a 10 day run a 15 day run or it could stop today We don't know but that's what we're watching as we're looking at some of these Markets, you know unfolding today We had a sell signal to come in at 40 50 for excuse me 40 47 and a half in the e-mini s and p And that's what we've uh, we're maintaining we maintain that we have to put a 20 point stop on that because it's so volatile But that's what we're doing them all. Let's just an abcd scout folks It's uh, it's perfect and when you have when you see those You just have to get in and say well, I live and die by the sword So yogi baro said you have to dance to the girl dance with the girl you brought to the dance and abcd is the girl I bring to the dance and there was a number right up there It's above the 786 but by golly still have to do it. Hey, we'll be right back with shane's poignant wolf trader.com If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning. I published the gold report with coverage of gold silver bonds the xiu hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room the tiger's den 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 tigers for just one dollar 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 bryan 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 tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com tfnn is excited about our new software charting program the art of timing the trade chart In collaboration with tom o bryan and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups Including guardleaf abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Uneditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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, we're back folks and I believe we have on the lion's chain small you in the wolf trader dot com Good morning young man. How are you doing today? Good morning larry. How are you today? Still living the dream baby on the green side of the grass That's the way to be Okay pal, what are you looking at today? We're going up forever. I don't think so. I think I think this is a temporary thing that we're seeing So we have been focusing on the s&p for quite a few weeks now because of the substantial decline in equities and In previous weeks, we spoke about the geomagnetic storm and its adverse effect on equities So on march 31st We had this really big storm that came through and it had the effect of halting the the rally in equities So these storms come off the sun and they take a couple of days to travel to the earth And i'm talking about this again today because We have some increased activity coming because actually going to start coming tonight In general these storms harm equity markets And the report that I showed before was published by the federal reserve It actually showed the negative effects of of these geomagnetic storms on the earth And so what does this have to do with equities? Well on march 31st Two storms had merged to create like a super storm and what happened was that this created this Negative effect on markets that coincided exactly with the top In the s&p on that big rally into march 31st The northern lights were visible all the way down to new york city And again this federal reserve of atlanta had written about this and so this solar storm activity Believe it or not. There's a seasonal pattern to this. So we are in may right now at the end of may It's actually starting to decrease into june And this actually correlates with this the the cyclical activity of the s&p 500 So as the solar storms increase the s&p tends to go down as the solar storms go down the s&p kind of rallies up And then in october we get a big burst of these two and of course that's when We get these these typical patterns of the s&p Having crashed type of situations in october there's that's a that's a classical month So it's crucial to monitor these storms as they they cross come across the earth There's a tracking system used by noah that tracks the intensity of these storms called the kp index and so I'm going to go to that right now just to show you this This In a way, this is similar to this the sapper simpsons scale. Are you familiar with that larry the sapper simpsons scale Is it having anything to do with ab equals cd? No, no, but it's one through five. I don't think it's over my pay grade, buddy It's over my pay grade. So go ahead tell us what you're looking at Sure. So this is how they track hurricanes So cat when we hear category five, that's the sapper simpsons scale This is the called the kp index here Over here and what this does is this actually Will monitor the amount of geomagnetic radiation affecting the earth and as this gets up past the level of four We get into what we call storms and these are the storms and you can have a minor storm a moderate storm Severe storm and it goes all the way down here And these are the these g5 storms are the ones that they talk about as potentially blowing out the the electrical grids and destroying all the electronics if we get a really big one But the storm that we saw back in March was relatively strong. It was kind of in this range into here the six to seven range into here And that that was the one that kind of stopped the market. So what's actually happening right now is We're on may 26 right now. There is going to be an increase in activity So we're right here the the kp is about two, but it's going to go up to three and then four It's going to stay at four Tonight and then into may 28th. And so it doesn't quite classify as a storm But it it classifies as active. Okay, so we're not quite to a storm so it's not going to be the same effect as we saw back in march, but I just wanted to point this out because These tend to have negative effects on the market. So this is just about to show up on the market So for those of you who aren't familiar with what I'm talking about Uh, this was a study that was done by the federal reserve that showed the weeks before uh, the the these storms come Compared to the weeks after the week after the market tends to have a depressive effect after so there is an increase in activity coming These geomagnetic storms are more predictable than hurricanes once they come off the sun. We pretty much know they're coming Hurricanes are a little bit tougher because you have that cone of unpredictability So again, there's an increase in activity coming And so I just wanted to point this out to everybody that this is something that we should be on the lookout for With the s and p 500. So we're right here and then the next few hours The activity is going to increase and it tends to have a negative effect on markets Now the s and p 500 has been in this very consistent downtrend here Uh, and this you know, this is coinciding with the fed Um, you know ended qe, uh, the feds in the rate hike cycle now Uh, next month, we're going to be starting with the reduction in the balance sheet or quantitative tightening There was also an interesting phenomenon here too There's been a lot of money leary leaving the system in something called the reverse repo facility Essentially banks are parking money with the fed right now And so that has it that's generally a negative effect on the markets now that money can come back in at some point But that's also kind of adding to this. We saw this recent decline once we hit about this area into here This is when that reverse repo really started to increase and so that I kind of weight that as a that's a negative weight For the fed juice in other words, that's a negative factor. That's money leaving the system So there's a lot of uh strikes against the s and p right now And I think this is only going to get worse As we go forward Uh, so this you know, we have this fed meeting next month june 14th to june 15th And then Apparently according to the fed they're going to start the quantitative tightening now This has had very negative effects on the markets. We saw this in 2010 very briefly in the summer when Bernanke tried this Uh, when he really tried it and then we've had very very light versions of this ever since We had different taper tantrums But the point is this is not a good look for the s and p for sure We had the negative effects of the of the lunar eclipse after those lunar eclipse here And now we're getting this this rally here now typically Going into a a holiday weekend. It's typically positive seasonals But I think we have a few factors coming in That are going to make this probably not as positive as it would be The first one is I think that geomagnetic activity might start to put a damper on this It's again, it's not quite a storm. Uh, but it is an increase in activity. Uh, we have a We are entering a period where the planetary speed index will be in decline So I'm going to get into this into the next slide. Actually, let's go to this slide first This is showing There's a lot of activity going on here, but this is showing this where I have this pointer This is the geomagnetic storm here ending this first rally here On may 31st or sorry march 31st here and then there was a period here where The fed tries to stimulate and the market ignores the fed and continues down And then this is right when those reverse repos really start taking hold. They just pass like 2 trillion So that's kind of money sitting. It's money that got sucked out of the system It's just kind of sitting there at the fed. They're getting a very nominal rate for that money But these are all negative effects on the market. That's that's like an anti-fed juice if you're taking money out of the system That's not a good thing and again That's a negative weight for the system and then the negative Seasonals are here And again, we have this rally today. We have this this, you know, couple day rally here But I think we're in really a full on crash mode here I think We are going to be entering a period now once they start reducing the balance sheet I think that is going to be devastating for equities. I mean if they really go through with this and they start Doing that. I mean that it that is taking things to a whole another level in terms of of negative A negative weight for the market. Let's just say in terms of what the fed is doing Hey, let's take a break here. Shane. We'll be right back with shane smoking wolf trader.com folks Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a 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 eight six six four seven six seven five two three 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv That's tfnn.com and hit watch tiger tv Come back folks. We're speaking with the wolf trader himself. Shane smolian want to continue young man Absolutely Okay, so we have a chart here of the s&p daily and I This is a chart showing multiple signals. I'm going to kind of go through this to show you what we have here This this line here. This is the solar cycle This is an annual cyclical pattern that you would just think of as market seasonals for the s&p 500 Going all the way back. You can't even see here But the the fed juice and the double lunar cycle have been in a cell since early february and talking about the fed juice down here This I call this the long wave fed juice. These are the internals both of these are still hanging out in the cell They have not come off that course at all and then you can see here on the 31st This is the geomagnetic storm right here. This is what ends this rally here This was a double storm very it was a very strong storm And then we have the black arrows, which are the planetary speed index here. That's in a cell We had the eclipse here, which typically tends to be negative after which it was And then the the steely and peak was here and then the optimized bradley here So everything's really just kind of lining up right now still into a cell pattern On this s&p from a cyclical standpoint now the fed of course is extremely bearish right now with everything that's going on But this is interesting because next week we are coming into the planetary speed index is making a low Probably around Tuesday or Wednesday. We have mercury station coming up, which can be tough for markets too And then the optimized bradley is still headed down. So we have another cyclical push down here That could be pushing this market down In the coming days. So I don't think we are out of the woods anywhere near yet here Even when we do see these bear market rallies, they do they do tend to get retraced relatively quickly here Even as impressive as some of these might look It's just it's a tough road in long term. We really need to pay attention on what's going on with the fed Now the u.s. Dollar I'm going to show this chart here because this has shown tremendous strength and we've been picking this also up with the fed use too Uh, this this really goes into this buyback here on four six on the fed use and tracks this all the way up It just went back into a buy I do think the strength is going to continue here on the u.s. Dollar as long as the fed is Following through on their word and they're continuing to tighten and they continue to reduce this balance sheet The u.s. Dollar should continue to get stronger because the fed is taking a leading role in the world on this So I think that's going to continue and that's going to create probably more headwinds for gold too in bitcoin now I also spoke about the correlation between bitcoin and the s and p 500 I believe that this is still a very strong correlation So we need to look at what is going on with bitcoin in addition to the s and p 500 This is a new link, but I think we need to look at it Bitcoin is entering a very negative cycle that could start to drag the s and p lower It's just now starting to head down on the cycle and it's been diverging negatively into that cycle So when you see a situation where a market diverges ahead of a cycle, that's not good So in other words, bitcoin's been heading lower and this cycle has is just now starting to top here We have multiple cycles on bitcoin now that are starting to turn lower so If we look at Many of the the correlated assets too like rk innovation. They look very very weak right now and so And bitcoin is really the key to all of this and and so I'm very concerned right now about crypto because bitcoin's really the leader and if bitcoin starts heading down you're going to see more more struggles in in this This crypto arena and I think that you know bitcoin like I said is it's going to travel with the s and p here likely to the downside so You know, this is I'm going to show you another chart here This is this is the daily statistics of bitcoin today is the weakest statistical day of the week for bitcoin And it was down early. I think it's up maybe coming up a little bit now But uh, you know bitcoin in terms of this solar cycle It's it's ready to start heading down and so People you need to pay attention to this because it's been it's been struggling into a peak and when a cycle struggles into a peak That's not a good sign And I think a similar thing has been happening to gold. I'm going to talk about that this saturday In the webinar, I'm going to talk about gold like what's wrong with gold. Why isn't gold going higher? Shouldn't gold be higher? I mean people feel like gold is oh, it's going to catch up. It's going to catch up I don't think so. I think I think gold is pretty much faked in now And I think if we get any downturn in inflation Which we probably will A little bit it's probably going to come off that that 8.3 high, but I think gold now Uh, it's going to struggle along with bitcoin. This is our innovation We've had this fed use in a cell since february the 10th We've had this in a cell and it's really showing no signs here That's trying to bottom and this is going to go with bitcoin too. So I think we have to be careful about this You know just These are great concepts for the future. I love tesla. I like bitcoin for the future But right now I don't think this is a very good looking situation again It's been short since 73 79 on february 10th. So it's still just in a pretty clean cell right now It's not really showing any signs as inside from these little tiny bear market rallies We really don't see any sign here. This is going to turn around same thing with the spider biotech I just threw this in here too. This has been in a cell since february the 25th Both of these are looking extremely bearish. So I talked about the bitcoin after the lunar eclipse tends to be negative that's playing out Gold gold is kind of choppy after the lunar eclipse But one thing that I do point out to people is in 2020 all three of these assets went down together So, you know just something to pay attention to something to be careful about Apple again, there's another one the fed use has been in a cell since september the first so Tough tough road here now long-term cycles. Let me talk about it. Lara. Are you familiar with the jupiter cycle? Oh, I know where jupiter is but it's a big one all I know that for a fact Yeah, I so People were asking me about well what you know shame what you talk about the fed you talk about these short-term cycles What about on like a like a decade basis? Where's the s and p like what would that look like? So there is an interesting jupiter cycle occurring on the s and p 500 So the jupiter cycle Is roughly 12 years So it passes through each sign of the zodiac in about 12 years And so what happens is it spends about one year in each zodiac sign And so when we we put this to the s and p 500 we can get roughly a 12 year cycle So i'm going to show you some very interesting slides here This gives I went back on the dow Jones on this because jupiter is a 12 year cycle We need to go back Very far in time. We need to go back to the early 1900s It just made a peak in march of 2022 so This is interesting too because this coincided with the rally that we had in march in march, so Up into here. You can see this is the peak. So i'm going to i'm going to illustrate this so you can see this So this black line here This is the the jupiter cycle. Okay, so you can see it has these dips and and rises But it has a very distinct peak here and this peak was right here in 2022 The red line here. This is the dow Jones. I use the dow Jones because it goes back further But this makes a very clear peak here and this peak was in March of 22 and it heads down mainly through 2026 here So you can see that if we're just looking at a long term cycle here The s and p just hit it the s and p just hits this long term cycle high and These cycles They can tend to do very well if if we're not having a strong fed in the markets So right now the fed is pulling back and these cycles tend to be much more accurate That's why it made such an incredible high Uh in march. I'm going to go to the next slide. It's going to show this actually zoomed in Uh, so you can see this here. This is the jupiter cycle now The one thing I want to point out here is that I I stopped the data here. We'll talk about this when we get We're gonna take a break folks. Shane's moanwolf trader.com would be right back 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 You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal 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 basal chapman in 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.com 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 pesavento 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 Okay, we're back folks finishing up with shane's mullion wolf trader.com Shane I have a question for myself and that is we have a direct station in mercury coming up shortly in june, don't we? We do we do june 3rd and You know when when markets are falling, uh, this can be trouble for the smp I mean that anytime mercury is making a station, you know It's a it's an important planet and the speed of the planets when they tend to be slow in general all of them It tends to be negative for the markets So we got to look at all the planets But next week is a critical week for the smp and like I said with All of these cycles coming in here. We could see some more downside next week in this market too Very very good. You want to tell the folks about an upcoming webinar or something that they might be interested in? Yeah, uh, so so if if anybody wants to reach me you can Go to respect the fun the slide here. You can go to uh, wolf trader futures.com and we have a webinar every saturday Wolf trader futures is the name of the of the the youtube channel. Okay, so we've been talking about the smp I don't think I want to talk about it anymore. We've been talking about it for like five weeks here Tired of it. It's going down. I can't reestablish that I'm going to talk about gold this weekend because I think gold is an important topic Why what's wrong with gold? Why is it looking so bad relative to the inflation picture? And where can we expect it to go? So I'm going to talk about that What I think's wrong with it what where I think it's going on so we're going to shift gears a little bit here Because I I'm I'm tired of talking about the smp so I'm That makes good sense. I know that feeling every morning when it opens Yeah, absolutely Thanks for joining us and we'll have you on again Really soon and keep up the great work and I know your program's going well and congratulations towards that So we'll see in a couple weeks then or earlier if you see something that's really important Okay, maybe maybe come around or june the third because oh that's next week because uh, uh, I like that mercury thing I've uh, I've lived and died by mercury as a planet for timing and it's really good So we'll have you on maybe the third but that would that work out for you as far as a uh, you just okay I'll be here larry. Yeah, okay. That'll be next friday. So we'll have you on then. Okay Thanks so much larry. Have a great day everybody. You bet folks. See you tomorrow folks By the way, I will be here tomorrow. It's it's a luncheon meeting not a breakfast meeting