August 26th Trade What You See with Larry Pesavento on TFNN - 2026

journey because when you know better, you invest better. Join us and experience the difference today. TFN, educating investors. The following is a presentation of TFN. Trade what you see with Larry Pezventto. Call now toll-free at 1877-927-6648 or internationally at 727-8737618. Now, Larry Pesimento. Okay, folks. Now, I'm going to show you this picture of the S&P 500 on a 4hour chart. As you can see, everybody that bought this since the uh 4th of August has now have a loss. As you can see here, when you look at this, it doesn't look very bearish at all. Looking at it on a little shorter time frame, of course. Uh-oh. What happened to my mouse? There it is. Hold on just a second. Got it back. We look at it on a little bit of shorter time frame like the one we were looking at just a minute ago. See, it looks a lot worse. But look at this. There's just no bounce here over the last six or seven days. This shows you that there's a lot of uh what we call um resistance coming in. Today's action, we did make a typical AB equals CD pattern that we always look for. There's your AB. There's your CD pattern right there coming in exactly at the 786. We broken down and now we're binging back. We taken out the lows. So, you'll be watching for the first 382 retracement here and that will come in very shortly up here. We're almost there at 84. So, take a look at that one. There's your ABC down. And if it's turning, it shouldn't get much higher than that and then should start to roll over. All right, let's talk about something that's really in the news today, folks. And that is crude oil. We were here yesterday talking to you about this that we was coming down. This is where we were yesterday. As you can see, here's today's low. We made a slightly lower low just as as we sort of expected because you can see, look at the 382, folks. There's your first 382. There's your second 382. There's your ABCD coming in here. And then all you had to do, and this is what we did in the video last night, is to remind folks that look, you're sitting right at the 61% retracement. So what happens? You get a big move, big move to the upside. What we'll do here, we look at this. I think I set this on the 8 minute. Nope. Yeah, here it is. Here was your first 382 retracement this morning, folks. right around the opening of the stock exchange. Right around nine o'clock makes a p perfect 382. It makes another one right here. It makes another one right here. I think I did those on the smaller time frame just so you could see them. Yeah, I did. There they are. There's your first one. Second one. This one didn't even make it this time. And now look, we we're finally backing off a little bit, aren't we? And this, of course, was the 382. The whole move was right up here, just about where we're trading right now. Now, we'll look at this on the daily and you'll be able to see it. Uh well, let's go to the hourly cuz then you'll see it for sure. Yeah, there was your 382 was right here. That's where we're trading right now. So, just in one day, you rallied four bucks a barrel. Uh and here you're back up to the 382 uh already right now. That's where we are right now with the crude oil. Okay. So, now if you're if you're bearish crude oil, you got a good place to look at it here. The the high's been made in. You're now trading below the 382. But if this is really good, folks, and it might be, you want to watch for the first 382 because that could be a spot here down about another dollar. If it holds that level, you don't want to be short. So, that's got a chance because this is a big move. It's a 618 on the daily. It's an ABCD on the downside. So, it might have a lot of money in it or not. May may not have much money. Now, let's look at the bad part, folks. All right, this is when you're totally wrong on something. Here is the corn, folks. We really had this one lined up perfectly, but guess what? It didn't like us at all. There you can see we sold this thing here at 25, risking uh 6 cents. We lost a quick $300 today. You can see it went up here, stopped just for a cup of coffee here at 24 to 25. We got all the way up here to 37 on the action today, folks. Just looking at this. Look what happens. It backs off from that level and boom, away it went. Now, this was due from what I'm understanding was due to cuz some crop reports coming in that the December corn was not doing very well. Now, I don't know if that was a 382 this morning. No, didn't even come close. But that was a losing trade. We did everything we could and it just didn't work. It had everything going for it. ABCD. See how it stopped right there? And when it fails, you're out of dodge. That's what happens. Sometimes they work. But remember folks, we became a farmer. It only cost us $300. We sold it at 25. We got out at 31. You know, so there's not a big deal. 300 bucks is not going to break your bank. But if you didn't get didn't get out, now you said with another Now you're saying with an $800 loss and you don't want to do that. See, that's the thing. You got to consider about how much money you're going to lose, not how much money you're going to make. Okay, so we got the corn out of the way and Mike Moore is hopefully going to be our guest today talk to us about the crude oil and the gasoline and the um heating oil and we'll watch to see where we are. Now we have another trade that's working that's doing very well and that is if you take a look at this. This was our uh sale right up here at 36 130 13680 and now we're trading 100 points lower and we were risking 300. We've already made 600. So that's that's a good sign. So now you want to have your stop at the break even point and see what's going to happen cuz you might get a move like this and that's quite acceptable because if you get down to that level, okay, you'll see you'll be at the 134. Okay, you've locked in. If you do that, you lock in $1,200 and you'll be able to look at it from the long side because the trend could still be up and you'd be looking at a perfect 1 35 pattern. And that's what you'd like to see. You see how those match up like that? This is what we'll be watching. And that's what I try to do each day is to find out what these things do and how they go like that. Whether it's up or down doesn't make any difference to me. That's what I'm watching. But that's one that's worked out relatively nicely. Now, we got another one that we're fighting cats and dogs with, and that is the uh Japanese yen. Let's just get this out of the way here, and I will bring these together, and then we'll be able to see it. Here it is. They're trying its best to knock us out with a $4,000 profit, but so far, they haven't been able to. Boy, they're sure coming close. Here's today's action. Remember, we resolded it back up here at on a retrace. Remember we did that ABCD up here at 66 uh 5966 is where we sold 15966. So we got a 20 point C stop is right above here. If we get back to break even, we're out of there. Now today looked like it was going to be a pretty good move to the upside or to the downside. And look where it stopped. It stopped exactly at the 382 of this level right back here. Okay. Now, if you're trading short term and you see that cuz you're you look here, folks, you're here for 5 hours and uh it didn't do anything. So, you know, but if you're trading for a longer term, you've got to decide, look, this is the play that I've made. Rightly or wrongly, that's what I've got to try to do cuz sometimes you're going to get it right, sometimes you're going to get it wrong. When you get it wrong, you're taking little bits and pieces and shaving it off. It's hardly anything cuz you're focusing on how much you're risking. You know what? If you're really bearish here and you just sell some and then it just keeps going up, it's going to kill you. So, you got to focus on how much you're risking. That's the whole secret of the trading. It's not how much money you make. I wish I could have my good friend Mark Douglas sitting here telling you day after day like you did to me for 6 years as we worked together. Every day, that's all I heard. It's how much money you have to risk. The rest of it means nothing. We'll be right back, folks. So, stay tuned. 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 TFN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. TFN airs live financial content streamed live on TFN.com and TFN's YouTube channel with Tiger TV live every day from 8:30 a.m. to 400 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 TFN's YouTube channel and become the investor you were born to be. TFN, educating investors. Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving us insights into key indices, selective stocks, and more. Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification. All firsttime subscribers receive a 30-day money back guarantee. So, ignore the pop trading influencers and start learning time- tested technical analysis. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets. TFN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money back guarantee. Just visit the newsletters tab on the front page of tfn.com. TFN, educating investors. Okay, folks. We'll quickly cover two stocks. That's Intel still going down. We considered that a closed trade. If you remember, we were down 8 days yesterday. So, we could consider that a closed trade. The next, of course, is Apple. And uh we've been out of position. Oh, shut the front door in just a second here, folks. There's Apple. We'll just get up here for just a minute. And uh you can see we sold it up here and uh it came down which would certainly be the first profit objective. So where we are right now uh with Apple you had the ABCD up here 320. We got all the way down to 306. So it dropped $14. We were only risking four. So that would have been four times what your risk was right in this level. And that was exactly at the 50% level as you can see here uh 2 days ago. Here's where it is right now. But if you wanted to still be in there, there's nothing wrong because you sold it here at around 16 or 17. So you still have a $5 cushion in this and it could still go lower. So you could either play it either way. All right, just giving you a heads up. Okay, now let's get that out of the way and we'll move over to something else. We've covered that. Now we're going to cover the gold market, folks, cuz the gold market gave us some good information today. Let's get the hourly chart up to show you what we were talking about. We covered this in the video early this morning. Okay, here was the video that we had. If you just get this out of the way here, move this over just a little bit. Okay, move that over. See, it's been going all this way. We finally broke the 382 right here. We broke the 382. Now, I said in the video, I said, "Look, after this 382 is broken, you got to look for a 382. That tells you that the trend has changed. All right. So, if you're looking at this, this is a 60 minute. So, you go down to an 8 minute. So, you can see what you're looking at. And here's where it was. You see it broke the low, it rallies back, it doesn't quite make it, folks. It misses it by about uh three bucks. And now you're starting to come down. But even the earlier one, you can see from the other highs, it just barely made it 382 on those. And you'll see there was the first one right here. That was just about exactly at the 382. That means this one is going to do exactly the same thing and it's still moving lower. So, it's giving you an idea. Yeah, gold is in some type of a correction. But if we look at this on a long-term basis, let's look at the daily. Okay, we've had a monster move up here, folks. Okay, a monster move. We went up to the 786. Now, our what what is going to be our pullback to give us the real skinny on whether that's going to be a 382 off of here. So, we need to follow that because this is a big move, folks. We've moved, believe it or not, folks. You can see here, we rallied $700 in gold. For God's sake, that was that's like we did back in here. Look, see that one right there? See how they're equal? You think these markets don't repeat? Hello, operator. There's nothing mysterious. Now, since let's say you worked for MIT or uh DE Shaw or maybe Goldman Sachs and you had access to a guy that's can sit down and work with numbers on the computer and just ask it all kinds of questions or what's this, what's that relationship? They can give you these numbers and spit them out to you. And do you think they don't know these numbers, folks? Of course they do because they do repeat. Do they repeat with perfection? No. But they they repeat enough that they are predictable within limits. That's what Andrew Lur talked about in his book. And that's all I try to do as a short-term pattern recognition trader. So here's my plan. We've had a pretty good run here. We backed off here for 4 days. It couldn't even make a retracement here, folks. Look, it couldn't make even a 382 retracement there. And it, you know, it just was difficult. All right. Now, let's go look just just to show you how difficult it was. There's your hourly chart. Okay. And you got to go back to where we were trying to try to find what it was trying to do few days ago. Okay. And you can see all it was doing was this little thing right. Excuse me. This this right here. That's all it was doing. They had another move up. So all we've done now and we're going to watch this as we're we're doing it right now because this is important. This is going to be our first major ABCD in gold in well over three weeks. There's your AB leg. There's your CD leg and it's coming in right here. All right, that's going to be the 50% level. 4530. Keep an eye on that. That's 25 bucks. And where we are right now, you move it over like this and bring it down to try to find out. Okay, we we we know what these numbers are. So, we're just going to take these out so you can see it together. And I I think it's important to do this because repetition is the mother of knowledge and we want to be able to re repeat these things. So, if you go back and take your last major low, which was right back here, you see that has got to be at the 50% level. If you take it from the low right back here, okay, look where it is. Look where it is, folks. It's coming really close to the ABCD here. So, you're looking between 430 and 420 in gold is your first ABCD. And this has been a hell of a run. So, you want to be able to keep a close eye on it. This is that's the last 11 days, folks. It's had a you know, it had very little corrections. In fact, each of these corrections, you can see they were correct. They're they're identical. See, there it is right there. It did it again right there. I mean, within a few dollars, but that's that's how it works out. So, you want to watching this gold here between 435 and 425. That's where you want to be watching. It's coming in and it's got a really good chance. And this is a bullish market. There's absolutely no question about that. Well, there could might be some questions, but we could try to answer them if we could. That's what we're trying to do here. All right, let's get out of the way here. See, we're having a nice little rally here now in stocks for a little bit. We'll get back and take a quick look. See how the Dow Jones stopped exactly at the 382 again. We've already rallied 130 bucks right off the top. So, I'd tell you that's a real key number. There it is right there. There was your 382 just when we came on the air. We've rallied from 430, rallied 100 D points already. But going below here, that's going to tell you, uh-oh, trouble in River City, and that's what we think is going to be coming here uh very, very shortly in some of these things. Now, there was a tip off in one market today, and I been a little bit under the weather, so I missed a bunch of stuff. But this morning, someone pointed something out to me that if id have seen this, I would have been scared to death to be short corn. And that was in the soybeans. Let's get the soybeans up here. And you'll see them on the daily basis. And here was the here was the real key to this, folks. This is November soybeans. That's a new crop soybeans. You can see they're on Fuego. They're all fuego today. And why wouldn't they be? Look, you got a 1 2 3 4 day retracement that stopped yesterday exactly at the 382 and closed 20 16 cents higher. Now, you're wondering why it's going up. Well, there's the reason. You know, this tells us that we're going we're going much higher in the beans, folks, because look, you've got a a big pattern right here. You don't want to stand in front of it. You know, at least when I got out of the corn, I got out pretty quickly. You got a number way up there that's at 96. That's up another uh 1,800 bucks. And besides that, you've got the other one right here. There's your 382 pulling in. And where are we going in soybeans? Well, there it is, folks. We're going to $1,296. That's another uh $1,500 higher. So, it's a it's a big move, folks. And we've have a straight up move today. Let's quickly uh for kicks and giggles look at this on a short-term basis and see if we see anything. Well, it doesn't give you any chance at all here today, folks. There's nothing but buying here. There. You don't see any 382s or anything on the way up since early this morning. It just boom. It took off. You have a little tiny pullback. These are nothing. Anyway, let's take a little break and hopefully we'll have Mike Moore of more analytics on the line. So, stay tuned. If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. This is what sets Teddy Kekstacks the Tiger Forex report off the riff raft. Every Monday, former Chicago Merkantile Exchange member and author Teddy Kekstat releases his Tiger Forex report newsletter where he dives into the complex world of Forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of Forex trading. Furthermore, all subscribers receive access to archived live streams of Teddy's where he provides university level education to help you in Forex trading. All first-time subscribers receive a 30-day money back guarantee. So, what are you waiting for? Forex awaits. In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247, Larry Pesventto's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week, exclusively for subscribers, whether through charts or videos, Larry's analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 24/7 right under the newsletters tab. >> Are you ready to take charge of your financial future? TFN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFN, we're so confident in the value we provide that we offer a 30-day money back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk. So why wait? Tune in live to Tiger TV and transform your trading journey. Because when you know better, you invest better. Join us and experience the difference today. TFN, educating investors. This portion of Trade What You See is brought to you by Direction's daily leveraged and inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. Read carefully. ALPS Distributors, Inc. Okay, folks. Mike needs a few minutes to get hooked up here. Let's go through across the board here and across the globe and see what's happening. New York Stock Exchange Index making a 61% retracement on a 4-day move. Uh if we look here at the German DAX, it went up and made a little bit, you know, about a 78% level right here, we've already talked about the Dow, it's made basically a 5day 382 pattern. Uh if we take a look at the that's the German cash news doing using the same thing as cash market as the futures. Uh okay, next one is the uh Japanese market. Well, look at this folks. This had stayed here for 3 or 4 days with no rally at all. So, all the made was a 61% retracement. This was a three drive to a top pattern that we had here. And we looked at the Nifty50. It's just had an ABCD gardley right here today. So far, is now reverses down on the day. And then we have the Philadelphia semiconductor index. And as you can it's doing very little. It's uh it's actually unchanged right now as it says it's basically unchanged with no rally. So great news but it's just not going. And if we take a last one which is the Cosby, you can see here we had a 50% retracement here and it's done very little since that time. Bitcoin is had we've doubled this and showed you just so we can get it together. So put it together. Look and see here. This is on the whole move, folks. Way back here when it was 126 is comes in right here at the 382 is right there. These these moves are equal. Talk about equal moves. There they are. Watch those. That's what Andrew Low always talks about. So, that lines up just absolutely perfectly with that. So, this thing's uh hasn't turned over yet in some of these markets, but some of them are turning over. And as Basil Chapman would say, it's a bifurcated market. And I certainly have to uh uh agree with that. All right, give me one other second here to take a look. I've had several people ask about that similarities that we're talking about in the DAO over 1987. This was given to us by John Shony and I will show it to you right now just to repeat to what it is and that's this you'll see the relationship. What he did was he lined up 19 uh 87. Okay, there was the high of 87. There was your October rally. There was your solar eclipse right here. There was your rally. Then boom, this is what happened. And nothing like that has happened so far. But all we've done in this move here and we've it's taken a long time to make the 382. And we did do we made the 382 yesterday and it's been a 4-day rally. And so that's telling us that maybe you can see here there's where we were. There's where we are now. And all we've done is make a 382 rally. So that's a that's could be a very negative sign uh of your if it's if it's working that way. Now we still haven't filled this gap. You see we filled this one easily. We haven't filled this one. All gaps will be filled in the Dow Jones, but it'll just take a little time uh to do them all. Okay, let's just go back and make sure we don't miss anything in that because this is one of my good I watch what's going on in the world because there could be some crazy things that you got to it'll factor in because there's a there's enough news out there to give you bullish or bearish no matter any way you want to look at it because it's it's not too hard to to to interpret it because well that's that's a misnomer folks. It's very hard to interpret it because they say one thing and a few minutes later and I'm that's everybody folks not just not just our administration. They're all doing the same thing whether it's Canada, Mexico, United Kingdom. It's all stuff. And boys and girls, we have a real treat for you right now. We have Mike Moore of Moore Analytics in the house. So give us what you're looking at my friend. We've got a lot of things happening. What do you think about this crude doll up here? >> How you doing, Larry? Can you see my screen? >> Hanging in. Yep. Coming in great, buddy. Coming in great. >> Let's take a look at the crude. Crude coming back a little bit today. We left a minor bearish reversal above two days ago. Let me just pull this up here. Okay, we're in the October contract. The trade below 8663. I brought in $7 and one set of pressure. That was the break below this line. We saw this roll back over into here. And on the 24th, we left a minor bearish reversal above here. So, we rolled over a bit on the day. Obviously, fairly bullish in here. We popped up above in here. And let's see here if we just broke below this or not. 8331. Not quite. Yep. Well, it just held 8331, I guess. which we had right here at 8331 to 45. We had a sell suggestion right there and we're pulling back off of that. We leave a maintain gap higher tomorrow that'll leave a minor bullish reversal below. Uh one of the key things um in the heating oil we'd fail to build a very key formation that we're under pressure and that's kind of what's bringing in some of this pressure as well. Let me uh jump over to the arb for a second which also left a minor bearish reversal above uh 3 days ago. The arb I said uh below three even 44 projects this downward 7.5 cents. We saw 14.12 cents of that coming into today. We broken below this. We'd also broken below this formation right. Oh, I said Monday we left a minor bearish reversal above. We saw 11.6 6 cents from that from the 29738 open and then the trade below 2908 warns of additional pressure but if we break back above look for decent strength. So we broke back above that right here and now we're seeing the decent strength from 2908 up to 29912. So I am bullish as of right now in the arb and the crude. The heating wall also left a minor bearish reversal above. Let's just take a look in here. Okay, the trade back below 44052, which was this line right up in here. I brought in 43.56 cents of pressure. the trade below 43393 which was the break below here. I said uh projects this downward 10 cents plus we saw 36.97 and then I said Monday we left the minor bearish reversal above we come off 30.12 cents from the 42708 open and then the trade below 40 40834 brought in 11.3 cents of pressure and then I said uh go 7 I said to get long on a decent penet ration above this 40792 line right here. And that's where we're seeing some of the strength coming up here into uh 41981. If we were to roll back over and take out this formation, that's going to want a decent pressure. And that's a sizable formation that's going to come in at 4 0212 plus 10 per hour starting at 6:00 p.m. >> Okay. >> Maintain gap higher tomorrow would be bullish as well. Leave a minor bullish. >> Mike, we got to pay a few bills. Will you come back? Will you talk to us about the spreads that you're looking at? >> Sure. Thanks, buddy. We'll be right back with Mike Moore, folks. Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights into key indices, selective stocks, and more. Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification. All firsttime subscribers receive a 30-day money back guarantee. So, ignore the pop trading influencers and start learning time-tested technical analysis. In the world of trading, only a few names stand out like Larry Pavvento, a pros pro with over 50 years of experience, Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247. Larry Pesnto's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. Whether through charts or videos, Larry's analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 247 right under the newsletters tab. For traders who crave risk directions, daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage. Utilize bull and bare funds for both sides of the trade and trade through rapidly changing markets. These are highly leveraged ETFs with daily resetting designed for short-term trading, not long-term investing. Whether you're a bull or a bear, you choose the direction for up-to-date pricing and performance. Go to direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus, available at direction.com. Read carefully. ALPS Distributors Inc., this program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Okay, folks. We're back with Mike Moore and more analytics. Please continue, Mike. >> So, you wanted to take a look at the spreads. Um, just wanted to show your viewers the importance of this. >> Those spreads are unbelievable. >> So, the spreads are something that I always put at the bottom the analysis. If you go all the way down to the bottom here. Well, first of all, I have a rating right here. This equal positive and negative ratings, those tell you how to weight the markets and then they can change it in the evenings and they can change in the mornings. But down below, I have the cracks which are the spread between the heat and the crude, the arbob and the crude. And right above that, I have the arbob to heat. And these help you evaluate uh which to be long or short. So for example, the arbomb the heat spread and here I got bullish when we broke above this formation right here. And >> okay, >> th this meant that being short um the heat instead of the arb on this move down would have netted you 9,458 more per contract just over the past 2 and 1/2 days. >> Oh my god. >> Which is sizable considering that your crude oil average daily range is 178 right now. So that's uh 9,000 divided by >> three times as big. >> Yeah. So in basically two and a half days you're making 5x more full crude daily ranges being short um the heat rather than the crude. So not understanding these dynamics puts you not at a great advantage. You just lose out on a lot of uh equity to be made there. >> Yeah. the opportunity is much better. >> Exactly. So, um and then going back to this right now, currently we've made a bullish reversal below here, which I just talked about. We've seen that big run up. Um the ARBO cracks kind of strong here, which means that the ARBO is strong relative to the crude. And in the heat crack, we left a minor bearish reversal above a couple days ago, but just on the day here, it's fairly strong. But this is still in general bearish. Did you want to take a look at the S&P 500 in the gold? >> Uh oh. Oh, absolutely, Mike. Absolutely. Want to do those for sure. >> Okay. So, the S&P I've been on the show for a while. You know, I've been bullish since 3502. We've seen 4336.5 to the upside. A lot of other bullish calls in here. I'm not going to get into all those. Then the break below 777950 is brought in 124.5 at pressure. I warned on the 17th. This went out weakened the day. We've come off 113.75. The break below 7760.75. This brought in 105.75 of pressure, but a decent break back above. Well, Warner uh renewed strength to take the bull calls off hold. That line comes in right now at 77140. Uh minus 29 per hour, starting at 6:00 p.m. Eastern Standard Time. >> Okay. And they maintain gap higher tomorrow. We'll leave a minor bullish reversal below as well. >> Wow. >> Did you want to say something there? So then uh and the gold. >> Yeah. Yeah. >> Now the gold you if you've been watching the show um when we made this low down in here. Bear with me. I got the wrong chart up there. If you've been watching the show, I said when we hit here that this was a macro exhaustion level and if we started a bull a bullish correction, a bonafide mac u bullish correction that the minimum target is 493360 and we've seen a good portion of that so far that was written in here. I said we held macro exhaustion at 395540 low and we've bounced 799.6. If we continue in the bonafide bullish correction, the minimum target is 496360. And we saw also had multiple levels to be long all in here. Multiple multiple levels in here and in here and in here and in here. So right now we're backing out of an exhaustion level a little bit rolling over a bit. If we leave a maintain gap lower tomorrow, that'll leave a minor bearish reversal above. If we fail below 45 4220 plus 10.8 per hour starting at 6:00 p.m. that'll warrant a decent pressure. If we break below there decently back up through it decently look for decent shore carbon to come in. Also, if we since the minimum target for for this correction is the 493360 area, I would not expect the 479110 exhaustion to hold. But I would be very much eyeing the 498830 exhaustion to possibly hold or definitely the last final exhaustion is 524910 to 526910. If we hold either one of those, we could see a substantial move to the downside. Um, something on the level of this entire move here, maybe from there down to the downside. So, we definitely be paying attention to it. If we settle above this this level up in here, then that's a set that's a sign of structural strength and then I would expect that a move up to 562680 plus would ensue. uh not necessarily directly from there but in general. >> Did you have Yes, we have a caller from W Keith from Witchah, Kansas is asking us to take a look at the heating oil. If you could just do a review of that for us, please. >> Sure. >> Just give me a second. >> If you have natural gas is our second question is natural gas. >> Okay. Yeah. Let me just pull that back up. I'd shut that window for a second. Okay. The heating well. Okay. I going over these before these moves to the downside and then I said uh get long above 40 even 66. That was a short-term trade. And then I said to sell against combination of this 40649 to 722 and 40792 minus 3.7 per hour line. That did not hold. But then I said to get long on a decent penetration or pull back there after look for decent strength. And that's what we're seeing right here from the wherever that come in. Came in roughly. I'll tell you exactly where it came in. um that came in at 40783 and we've now seen a run up to 41981 from there. And if we fail back down through 4021212 plus 10 per hour starting at 6:00 p.m. That will warrant a decent pressure for at least 15 cents and possibly as much as 40 cents plus. Does that answer the question? It sure does. Uh, Mike, tell the folks how they can reach you if they'd like to see a sample of your newsletter. >> Okay, that would be great. Um, let me just pull that up, Larry. Sorry. >> We'll just pull it up there and leave it there. We'll let the We'll let the music play and we'll Everybody can see it. Okay, buddy. >> Yep. There we go. >> Thanks. Thanks for joining us, pal. Be safe, my friend. >> I appreciate you, Larry. >> You bet. >> You bet. Take it easy, buddy. Byebye. >> When you come back? >> Uh, yeah. Let's do that when you come back. Okay. >> Yeah. Thank you. >> If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of tfn.com. tfnN, educating investors. >> In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24/7, Larry Pessto's daily trading service that turns the complexity of markets into opportunities. published every Sunday. Receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. Whether through charts or videos, Larry's Analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 247 right under the newsletters tab. >> Steve RH 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 Rhodess 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 TFN, 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. TFN, educating investors. >> TFN has launched the Tiger Zen, hosted at Discord. TFN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tigers Day available to all Tigers and Tigresses for just $1 for the year. There's no cash 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 tfn.com. Don't forget you can listen to TFN live on your mobile device 24 hours per day. Go to tfnn.com then hit watch tiger TV. That's tfn.com and hit watch tiger TV. >> We're back with Mike Moore and Mike, if you'd take care of natural gas for us if you don't mind. >> Sure. >> Sure. Okay. Today we're leaving a gap higher likely in the day. Okay. Okay, the break back above 27920 warned of uh strength. That was a break back above this line. So, we're seeing strength up to 29270. And then I also said this morning that decent trade above 28630 will warn of decent strength. That was a break above this line right here. And we've seen that strength up to there. Um so we're bullish now. If this was to fail below this formation right here, that would warrant decent pressure. That's going to come in at 28120 plus.7 of a tick per hour starting at 6:00 p.m. Eastern Standard Time. >> Okay. All right. Listen, that's good. And we'll have you on again soon. So, thank you very much, Mike. Anytime you see something special, let us know and we'll get you on the docket. Okay. Thank you, sir. My pleasure. Thanks for having me on, Larry. >> You bet. Mike Moore, folks, and more analytics. And remember, we're looking at some key numbers here in the Dow Jones at 53, uh, 375. If we get below that, that's going to be a that's down another 150 points from where we are. If we get below that, it's going to break a 32 that stood for quite a while. So, we want to keep that in mind. And also remember folks that uh we want to keep in mind very closely watching gold at 4640 to 4620. That's going to be an ABCD and a 3A2 and that's been in a very strong market. So you want to be able to uh take a look at that. So I'll post that chart of the gold here for us at the end so everybody can see it. I forgot that we had Mike on for just a second and I forgot to post the chart. Considering how I feel, I'm surprised I didn't forget everything. So, I'll bring up let you take a look at it.