 The following is a presentation of TFNN Trade what you see with Larry Pezzavento All now toll-free at 1-877-927-6648 or Internationally at 727-873-7618 Now Larry Pezzavento Hi folks Basel Chapman live here. This is the two o'clock. I'm just trying to check the time 206 Tuesday Wednesday the 24th And we're looking at this Eastern time. We're looking at the Dow down 229 let me just run these numbers here. This is a really important session because INDU Yeah, we got because the Dow just broke its key support level and that just says at thirty two thousand eight twenty six And thirty two thousand six hundred to five hundred He's gonna have to be a really important support over the next few days if it takes that out That's it. That's a that's quite a bit of a problem looking at the S&P Something very different happened S&P went up made a little doji candle a few days ago turned down and underneath key support But the two hundred feet moving average of four thousand and forty three is still quite far away. We're forty one fourteen So it says is still it's very interesting We've had a roll over we had strength that was led this time The last big move up was led by the QQQ's then the S&P then the Dow was a lag at IWM was the lag at lag at So what we're looking at here is that on the way down The Dow is down point seven percent today the S&P's down point seven four But the QQQ if I can just stretch over there is on point seven So they're all doing the same thing so much for that But what we're looking at is that the weekly charts are actually still pretty darn strong and all I can say is that in terms of really negative action if we were right now down 650 points and at two what is it two eight in the afternoon eastern time and by 330 we started to get to 780 and then by four o'clock We're absolutely at the low of the day the futures are expanding and even into the Even into the after hours There's an expansion Then I would say that is really bearish. This is just the start of the roll over to the downside We haven't got any momentum in fact I haven't I have to wait for the end of the day to see if I even get a sell signal in the S&P I have in the QQQ a Sign that says the buy mode is still in place. It has done nothing. This is just an eye blink It's back to where it was five sessions ago and Therefore you need to see if you're really bearish you want to see Just this waterfall cascade expand and it hasn't done that yet and the days young anything can happen It's down 2.42 in the QQQ if you look at the end queue, which is the continuous contract of the of The e-mini nasdaq 100 continuous contract. That's only just made a leg D and today is the first down day Making a peak D because I don't see how I can get above yesterday's high in the continuous contract of of 13,979 So this is just the start of a move that says there's a chance if Nvidia I'm just trying to give a little package yet together then I want to go back with a last hour I did currencies. I did the dollar. I did the I did particular gold stock silver stock Used to be silver return. I did What was the other question I had? Oh AT&T and I'm just I'd be very nervous about going into the anything to do with consumers like the telecommunications at this particular point, so The end queue look at this month the weekly chart. It's fabulous. Even the monthly is doing very nicely here So it prices the arbiter of a trend and this trend changes completely if in the first Huh, let's call it the first week of June instead of retesting the 13 9 13,900 in the NQ we're actually below 13,000 going for the 12,700 200 prem moving average that will make a difference because then the price will be under the 14 prem moving average in the weekly chart Which it hasn't done for quite some time. Okay with that said What I don't want to just finish up I want to show you gold Gold is actually holding pretty darn well, but it's been in this huge consolidation Since March in fact talk about consolidation. Let me just show you this chart here. So let me make this It's the Dow chart right here. I like to talk about Dark news cloud cover is something I discovered and created. Oh years and years ago I call the chap we chap we've dark news cloud cover And I usually use the dow and one of the reasons why I use this is because the dow reflects a lot of different sectors in the 30 stocks It's really the dow 30. There's nothing to do with industrials anymore. They they've misnamed it This is I mean that's a characterization these days. It's not good to be Uncharacteristically characteristic because that's uh, it shouldn't be the two three industrials Boeing I mean you've got a couple and that's a handful that doesn't even make a handful So I still use it because it's it's got home deep. It's just all it's got financials got everything But I've said since 11th of November 2022 that I think we're in a very long larger Dark news cloud cover and I use the internal low and the residual low and the internal high and residual low to give turning points Well, I had a question the other day And I thought this is a question But I don't think I I want to want to even make a fuss of it In fact, I'm going to take it away because I said is this really have we just seen the arch formation In an internal load and residual low and then I put it as a big question mark And I just three days ago. I said to myself. Oh, don't forget to take that away because that's not applicable now only the Dark news cover and what it means is that all the time the news, you know, the people love to say Oh the market hates uncertainty My expression is The market loves uncertainty. It deals with it every single day. It hates uncertainty about uncertainty And that's where we are we want to remove and that says you've got to be really careful because look at this Look at this cap on the upside. It's extending now. I can even move it over a little bit So it's extending and it just says be really careful because The upside is becoming limited until you find an internal low and a residual low and that could happen the next couple of weeks But something's going on that you've got to recognize is a lot more than just ho hum That doesn't mean to say we're in for a crash It says this choppiness can continue for a while as we have rotational corrections even today what we're looking at is you've got um an amazon I don't know where it is right now, but we looked at it earlier on. I typed it in somewhere. It's the wrong place a mz and amazon Tape it in over there Okay a mz and there it is Look, it's it's up dollar 34 apple Is still holding pretty well down 21 cents. It has made a peak. It has done in the weekly Left side right side price time match Look at the bar symmetry the number of bars to the left side Equal the number of bars to the right side in this weekly chart from 176 15 way back in august So I think last year it goes down to 124 20 points and it comes back to exactly the week and the chamber inside Wedge target resistance line right there 176 what? 39 the last one was 176 50 How do markets know to get back to almost within pennies of the of the last time so it's rotation I'll be back and then a lot of people want to look at everyone look at silver or look a little bit more at gold I'll be back 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'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 tiger's for just one dollar for the year There's no catch 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 tigers 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom o bryan is here to help Tom o bryan has been successfully trading markets for over 30 years A frequent contributor to td ameritrade network at cnbc Tom o bryan 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 market's open to give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get tom o bryan'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 Tom o bryan at 1-877-927-6648 internationally at 727-873-7618 I get technicians out at 10 o'clock to 11 o'clock eastern time every market day But I've just started uh, let me show and I'm I was just There was so much to do that. I decided I will I will spend this time now because The market is really at a very pretty critical level just on the very near term because the near term is going to give us A good sense. Let me just look at this 46 46 19 46 20 46 40. Oh, that's the low. Sorry So this is in leg c. All right. I just wanted to do this. I had a question if I would look at I think it's called omni cell a little difficult to see a b a b See, yeah, this is overlapping. This is a c. So this is trading om C l is is the symbol. I'm not sure omni cell. I don't know whether it's cell phones or whether it's cell Because it's biotech, whatever it is. It's trading at 7251 up 45 49 cents on a day like this where the dow is down 260 it has to be down 33. This is nice action at least it's Testing the 200 period moving average. So I don't know what your position is Um Question in the den. Let me just see if there's anything else added There's a not sure if you have time, but can do a run through of omcl. Thank you. Yeah, I prefer gbt to say Let's do a run through so that there's no position. I'm just looking at I'm saying what's going on Fabulous look at the way it's walking the nine period moving average in the weekly chart Even the monthly which is a horrible looking chart going from the 180 almost 190 level I would say down to the 40 42 43 That's a problem, but now it's at 72. I love this action So now you can see how important the 200 period moving averages. So there's 200 period moving average Forget about it. You didn't even see it That's what I say. Just put them in put these moving averages in you don't have to deal with it ever until it gets close Well, talk about getting close. Look at the way Back in 2022. This is a daily chart. It did a dreaded h pattern and failed right there on the 18th of January of 2022 It pulls back But the magnet of the 200 period moving average because it's a long look back I remember discussing with with the late Dave white we spent some time He did a whole bunch of things I introduced him to the way I think about the nine period expansion moving average And he did a whole study and of course he developed something really fabulous on his own with a nine period moving average Where you call to the nine the nine oscillator Um, but we also discussed the longer term the 200 period moving edge Michael tension was when you look back that long 200 bars in this case days Something's going on in the mechanism in the in the formulation of the data there that makes it really important With that long look back period that when you revisit that What happens when you revisit it what happens when you broke it and look how important was it ran right to it back in February the um 11th of February 2022 it went to 159 57 and that was it Goodbye. It never even got close to the 200 period moving. Um, this is the orange line. I'm going to scroll this to the right Tell me when it gets close Nothing nothing nothing. Whoops starting to rise getting closer Getting closer look the green nine period moving averages holding beautifully getting closer And as it gets to within a fraction that becomes a magnet. It's like a like a magnet You know a magnet you can have a little piece of metal or something you put it close nothing This grabs it like I like a praying mantis Well, yes, you're praying mantis 200 period moving average. It's there So this is a very important sign. What it's saying is unless I'm at 72 unless I break into the 60 below 68 In the next week. It needs time and speed as well Um, that 200 period moving average is a magnet And you want you to become a propellant. It's acting so well in this environment I like this sort of thing. I don't know what it does as I say But what I would look for is if it's able I'm not going to do a wave count now I'm going to say it looks to me like it's peak a peak b peak c and it's just gone to a peak d today if it holds And doesn't close below the 14 period moving average of 70.12 in the next few days, but instead It doesn't have to close above it just next the high of yesterday which is 70 76 15 All of a sudden you're looking at a stock that says in this environment. I have my own My own agenda I'm not interested in what's going on if it breaks and closes under the 69 68 level in the next couple of days It says hey, I'm with the market. I'm weakening but right now. It's beautiful This is great. So this is what you want to put on your if you haven't got it already Especially if you've got to lower down This is what you would like to keep as a keeper and you want to trade around it with a little bit So trading around it says I would add back If in the next few days the market continues to be kind of weak doesn't have to be breaking down But kind of weak and you can see this hit the 70 point or even doesn't hit the 70 point 13 level It just pulls back once And then it starts to rally above 72 82 That's where you can say hey, I think it might even break to the upside But that would just be a short term trade now if you have no position You just want to know about it and you want an ideal place Just visually where you think it could be I'd have to wait for it to break down But I would do this. I'd actually have two positions I'd have a split position saying why in this environment if there's a doji candle close on friday And it breaks down next week. I say just be real careful But I would actually nibble at it right here at 72 72 But I would absolutely have a one and a half point stop. It's a pretty tight stop I'd have a tight stop why Because this is almost like a chapter where you've inverted roman candle If at any point in the next three days it trades at 70 75 17 For more than an hour and a half. There's a real good chance. It's going to test the high So but in a longer term position if you haven't got it you can nibble here But the real position you just have to have patience to wait for the 60 67 to 65 area Then give me a yell. We're looking at it again. I like it very much Just the environment right now says there's a good chance that almost everything's going to be pulled back If this market wins and now the does and 267 we closed down 425 or something like this this will be impacted, but it's acting really well. I love stops like this when When you're looking for A position That's going to be a tell in the short term, but you really like it for the long term So it's like you have to have a split position One is to get in put your foot in the door See how it acts you might get it might do well and then you get stopped out saying hey I like this next time I'll put a bigger position on but now I have to wait for a pullback Remember, uh, this 200 beer moving average is now a magnet So unless it closes under 68 67 that'll take more time But if it holds well that it it'll keep coming back Next question was if I can see it. I think I lost my question if I have time going to look at pins P i and s that's pen interest Pinterest ink discovery engine for recipes home ideas. I always look at this and I think it has something to do with interest rates I just always forget that it is engine for recipes home ideas I love this this movement up. It's going right to the gap. That's going to be the big test I'll be back with guys down 277. Let's just have a quick look at the e-mini right here Did he get that d failure pattern? Oh Yep, bt double top pulling back Yeah 41 19 The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk Subscribe to tom o'brien's gold report newsletter now at tfnn.com 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 in 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 tedium air trade network in 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 market's open to give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis and are geared 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 that Omni cell uh has uh dispensers Automatic dispensers in hospitals. So that that's important to know. So what we're looking at is pinterest Uh trading up 53 cents at 24 30 in this environment. What has it done? There was this horrible gap one day two two two trading the 27th area and the next day on the 27th of april at 27 uh 80 60 The next day the high is 24 30 And that's it. Goodbye and it goes all the way down to 20 40 Was it 20 point 60 On the 4th of may and now it's got peak a peak beads in legs You remember in the chapter in methodology once you break a penny above the previous peak It becomes a leg and that leg stays as a floating leg until you make the peak So if there's a lower high tomorrow, that'll be a peak c. So what are we doing? Remember what I said the high was a 24 right here on the 26th of April the high was 24 50 today's highs 24 47 within three cents I like this very much The children appeared at moving average of 25 44. I think he's going to stall this this whole move to the upside I don't think it's going to fill the entire gap But at the same time the maghdi is good. The stochastic is flat at 89 percent The nine period today has gone positive. I like it very much I think in this environment to get something that I'm not sure why What happens is sometimes something gets shot down because it is just the news at that moment is just so negative But it does quickly fill the gap. This hasn't even gone This is the first time it's going to the gap and it's already a month Almost a month. So it says to me that the gap itself is going to be resistance I like it because It's shown that it's got strength to come back from ever the bad news was But I don't like it enough because it hasn't filled the gap And that's going to be huge to fill the gap and the monthly chart the weekly chart just has it just says it's in a big consolidation And this whole area between 20 between 25 maybe 26 between 25 or 26 and 23 Is going to me it looks like it's going to go into a trading range just after this. So I do like it But as a position in this environment, I think it will be affected by the market if the general market starts to deteriorate It will drag down But if it holds 20 If you're looking if you're not in a rush if you're not saying just oh, I kind of I like that I I've got it's got away from me from 21 announced at 24 three points. It's like 14 12 percent Um Now look at it differently. Look at the weekly chart. Look at the monthly chart The monthly chart says small candle small candles But in that 14-period moving average in the 25s is so strong as resistance It hasn't been able to break above it and hold it touches it and breaks above it But you cannot hold it through a month But it is acting quite well when you think about generation in some areas that are I call us an internet type type Um star so I'm just going to say 24 30 right now Normally I'd say take a little nibble here But your real position should be at about the 22 50 area give it a little bit of a pullback And if it breaks 22, I'd be very nervous I'd rather just say hold off for right now if you're in it. That's good Just raise I if you in it I'd have a trading position and raise the stop on the trading position But if you're not in it I think it's going to give some of this back. I don't see It's a 24 30. I wouldn't be surprised. What's today Wednesday? I wouldn't be surprised a week from today. Some are other is tested the low today is 23 44 I suspect it's going to test 20 to 22 90s That could be wrong, but that's just the way I'm looking at it. So a couple of questions came in Could you could you do you spoken about the British pound? Could you do what was it again? Oh Where did it go? I can't find it right now Oh, oh, that's right. You had done platinum, but you didn't discuss it. So platinum So this is what you know here at tfn and there are so many analysts Like like Larry like Tom Uh, Tommy does it as well. Steve rose does this all the time I do it in a different way And that is the lightning bolts. So in the chapwave peak abcdefg That's just something completely different to the lightning bolt which says a to b equals c to d the price movement between a and b if you wait and you get a bounce or The other way around a drop you can get the same amount of points to the upside And that that's that's a technique But I I developed a way of looking at it and it is I use it in certain circumstances This is one of them where I look at it and I say, okay Um, I want a parallel movement. So I call it the one-to-one price extension in other words I'm not happy just that it goes one a to b and then two up to to c and then you come down kind of come down I want the number of bars on the downside to equal the number of bars on the next Phase to the downside. Well, lo and behold Uh platinum continuous contract made a high on the 21st of april and if I can read these things And then you put it over there and 1,148 Pulls back all the way to 1,042 bounces to On the on the 10th of may bounces to 137 1137 And look at this today. It just nicked the exact one-to-one and look the parallel move This is your I want the number of bars on the downside To match on the right side at the same angle and that's exactly what you've got But at 11 at 10 30 right now That's not good enough for me to make these weeks the casting said that 25 percent is lousy On balance of one of them's weak the pink nine-period moving average for about four days has been weak. I think that nine 1010 is the 200 period moving average. I think it takes it out and tries to bounce above it So I that would be my target And if you're looking at the left side right side price time match, that's the vertical analysis right Right here between January or so of this year and Let me just do this in april Look the magdae was good, but not as good as it was stochastic is weaker. It's under 80 percent. So this says to me the right side Measure Vertical measure has way weaker technicals, but wait a minute the nine-period moving average is way above the 14 That says either this thing's going to tank all the way down to the 9 40s 9 50 to 9 40 level Finally see the pink 9 period moving average turn negative by going pink or it's enough strength to say It's going to take time for platinum to move down And to do that It's going to be choppy you might get another little arch formation Take about a week or two and then it turns down. That's the only way you're going to get it So it says weekly so there's some internal strength Daddy has a one-to-one extension Parallel extension I call it and that targets the 10 10 level But I wouldn't be surprised if it goes below that next question was could I do a a shorter? Could you do a short? Oh No, look can you See scenario that oil suddenly becomes screamer stock For a few days Um, you know what we've got the music coming on. I'll I'll put this up right now, but I'm I really am determined if my analysis of picking it So I'll talk about food roll when we return and someone asked me about the 10-minute chart of gold Did I do remember boys looking for pd's? I wonder if 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 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. 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So I had a couple of questions. One was a net Um a net is a net a net Tied into the den type of here Is a net trading at 141 around number of 53 cents It's not a bad chart. It's gone peak a peak b peak c The magnate is okay. Stochastic is trying to rally and this is also another huge gap story See how gaps are so important if within three sessions There are a whole bunch of things that need to happen. None of them have happened yet that are positive They're all weak But it's used to 200 period to balance you see the doji candle there for two days now It's been lousy. I would just say that the magnitude of 135 at the 200 period exponential moving average is I would put 137 to 135 that is that's the support that needs to hold I think it's a little early the weekly says it's a little early And that it could fail if at any point in the next two weeks It cracks and closes under 132. That's a real problem It needs to see about it needs to fill some of the gap at least It needs to get to the 148 I would just say if it can get to the it's a 141 right now If we can get over 146 in the next couple of days that says, oh, it's trying to fill some of the gap But it's not a favorite stock that I chart that that I've been looking at right now. Next thing was wheat W eat. This is the uh instrument tear cream to cream Wheat fund Training at 614. Well, these sixes are so important. Let me just look at wheat itself So wheat as is obviously the same pattern had a nice session yesterday Giving back a chunk of it today and look at doji candle. Let's see by friday if there's a doji candle close on wheat and By wednesday of next week instead of being on the continuous contract at six six zero five It's actually trading at 638 to 642 That'll make this little doji candle a potential turnaround candle, but until that happens I just think wheat is the whole thing, you know, we have the dba Which has wheat in it. Look how this is held steady, but it's starting to make lower lows and lower highs This is a dba agricultural fund. We got it in the 13th. It's hit 21 37 Starting at 20 right now. It just seems to me Wheat soybean There's a soybean continuous contract remember now if you're trading some of these commodities you have a particular You don't just trade the continuous contract. You could in fact have You know, whatever it is Hudson, whatever wheat it is But that's different. I'm just looking at the country and this is a lot. Look at this Weekly, it's just looked it made this beautiful arch pattern. It's retesting. It looks to me like wheat at 1324 also They're in the same category because corn now the different categories if you're a farmer These are very different things But yeah, look corn has had a nice balance. That's what you want to see A balance that takes out all the left side It hasn't done it yet at 567 587. I'm sorry It's up 10 But a nice four candles move to the outside three candles actually You want to see by Wednesday a week from today the 200 period moving average of six if I can get the exact number of 605 tested Oh, it's going to take a lot to do that And then by the end of next somewhere in the middle of june, you want to see corn Stop this arch formation that keeps making lower lows and lower highs and all of a sudden turn around and start trading I don't care what the pattern is, but it's going to be trading Above 603 to 608 somewhere in that area for about a week and then I'll say hey, that's a good change All right next question came in um Are you a long reach? Okay, well then all I'm going to do is say this this is exactly the moment That is the test because every time it's it's failed like this Is that a turn around and took out the left side low so the doji candle a few days ago All I can say is this if it takes out the low of yes of 607 No Uh, I don't want to make this stop too tight. I don't know what to stop is I can just tell you that if it starts to trade in the 590s And 590 doesn't hold you don't want to touch this look at the Eiffel tower Straight up and straight down in the pd Highlight was made back in 22 up at about nearly 13 up in the 1280s And now it's at six has been cut in half that monthly chart is not looking good at all for wheat Oh, so are we looking at some deflationary aspect? You know, there are a lot of things in this market that are going right. I'm not happy about the bonds Oh, so I hope that helped you Just in the sense that I don't like I don't like The monthly pattern I don't like the weekly pattern and the daily patterns that dreaded agents are really taking out the left side low It's trying to run above it. So this is really an important moment if No matter what it dives down to in the next day or two If by tuesday wednesday next week it actually can get to the 635 642 level That'll say ha a cluster formation allows it to go a bit higher. That's what you need to see Okay, um question came in. Oh, where was that? Oh bonds So look at this. He has bonds James bonds You've got this rectangle formation. It made the arch You know, this is so it happens so frequently that I make a big deal of it either at the top or the bottom It doesn't matter But you're stuck in a range And this range is saying I keep rallying and then failing Because the stochastic and the on balance volume can't hold gains And that's the importance of moving averages. You've got an hour to use them The on balance volume is getting very oversold So this is the bonds themselves, but let me go to the tlt. Everybody can type in tlt No, not everybody has the bond contract. So the tlt says to me the rectangle formation makes the 99 level This lower right here. We've once made the arch formation took out the left side low of that there Now we're going to see if we test it But the rising rates is an issue because we looked at the hgx that's there from the alpha housing sector Index A little earlier on and that is sort of to it made a high and now starting to pull back I'll go through in a moment But 98.88 that 98 99 to 98 area has to be key support So what I did is using my technique of the left side right side price time match I've got until The 31st the end of I would put all of next week as absolutely key because if 99 is taken out this lower right here of 98.48 I should type that in 98.48 the beginning of march Absolutely imperative though if that is taken out Then you're going to see yields that's going to the yields t and x dot x at a peak c They are not actually acting. This is this is the t and x. So this is the 10 year team note That's different to the 30 of the tlt is 20 plus year 20 and higher timeframes For the for the bonds themselves. This is the 10 year the 10 years acting well And I'm using the 10 year to say I think we're in a trading band. I don't think right now yields all the issue I just think they they stuck between 3709 the 3.709 and this called a 30 it's been 3860 on the upside and the downside 35 33.53. I think it's just kind of stuck there But the monthly chart is saying, uh, you know, I'm making the straight line I love the straight lines. Look at this in a monthly chart to get six six months Truth of lows exactly mathematically. Look at that. How does that happen? Just amazing how that happens. Look at that All of the lows I'll be back in a moment thousands of Chapman 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 Technicles 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 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 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 seven 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 seven newsletter today tfnn.com educating investors Tfnn has launched 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 The tiger's den available to all tigers and tygruses for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com 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 Of course tom o'brien the one of the tom o'brien will be wrapping it up coming up this next hour Should be a great show. This is a great time to have him talking about this This is where over the 20 something years i've been here Uh the tom Just comes comes alive when he sees markets that are weak. It's just amazing how you get here. It's like He looks at it and he says, I know this market. I know what's going on So in the meantime, so for my opening call subscribers, we missed by a few pennies yesterday getting short three times short The sbx s That's the three times short the spy Pretty it's had a really nice move to the upside But uh, this is if this is going to be a bear market We've got plenty of time But one of our stocks is actually moving up quite nicely today. I'll talk about it just briefly right here sym is a stock that we got symbolic um It's a leg c maybe an alternate count esash c but i've identified this as A stock in play. I don't really want to talk about what in play means But it just means it's kind of the stock that Has the potential I have no idea if it's going to do that But it has a robotic warehouse automation systems It just has the the potential to be something that people keep gravitating to Um, so we're in the much lower down Australia being in the 21s starting at 31 But I I I like this look at that beautiful left side right side price time match in the weekly chart. Look at that beautiful Formation cup formation Number of bars the left equal exactly the number of bars before it broke out. There's a chapel inside Wedge target resistance line if I extend it up, that's exactly where we are right now Monthly chart is now for the first time only in the leg a Cheated of it as an IPO. Oh, it could pull back could pull back all the way back to the 24 22 area But I just like the fact that in markets like this We had one before that was on omcl that is just doing something different to what the market's doing I kind of like that. Hey, check out my pretty cool my daily newsletter I'll be back tomorrow for my show at 10 o'clock and uh, oh looking forward to a long weekend coming up Yeah, thank you for talking about Brian. Don't forget. Tommy juniors starts us off at 9 a.m Have a great rest of the day