September 15th 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. [music] Trade what you see with Larry Pavvento. [music] Call now toll-free at 1877-927-6648 or internationally at 727-8737618. [music] Now, Larry Pimento. Okay, looking good, Billy Ray. Feeling good, Lewis. Let's take a look at crude oil. Going back to September the 4th, we've had a 25% increase in crude oil. Since that time, we were trading down there at roughly uh $89 a barrel. We're now trading at 106 and rising. You can see the 382 retracement into the eighth. Okay? You see another three retracements into the 10th. You see another one in here to the 11th. And now we're forming this pattern right up in here. Look at the ABCD, folks. If you like ABCDs, look from there. They came down. you dropped uh $6 a barrel into that. Now we're making this pattern right here. Let's do this together. Have some fun. Do it a little different. Let's see if we can pick a top in this thing. Okay, here's where we are now. This is just a this is this lasts from the 10th uh to the 15th. So, this is a 5-day pattern that we're looking at right here. You're going to see ABCDs all through here. So, we're going to move it around so we can blow it up and take a look at it right here. So, there's what we want to find out. First thing we want to do is we're going to resort to our solid pattern that we have is AB equals CD. And that means we got one of them coming in right about there. 107 and change. Okay. But we got a big one right back here that we have to realize. There's a one right there. There's your low. And there's your high. And there's your high right there. Uh-oh. We got something coming here. This one's 10744. And then we've got we put this one in correctly. Now we got another one that came down here. So we have to mark that one off. There's your low right here. There's your AB. There's your CD. And oh my goodness. Open the package. That's uh we're sitting there 107 and 34. That's the winning number. Now, will this work? Heck, I don't know. All I know is that when it gets there, you got one, two, three ABCD patterns lining up. Let's put the order in here. Just those of you that are non-believers, 107.35.35. Okay, there it is right there. 107.35. Now, let's look at it again. All right, you have one like [laughter] I'm trying to think of the old laughin joke, but I forgotten it. Anyway, there's your first ABCD pattern. Oh, that's the second one right there. That's a bigger one here. There's your first ABCD pattern is right. Let's hopefully I get it right. Yeah, it's right there. Okay, that comes in. That number is 10724. The second one comes in here at 10722. And the last one comes in at 107. Hold on right there. That's at 10737. So, we're a dollar a barrel away uh from the high. But that's there's three of them coming together at that time. So, whether that means very much or not, you know, I don't know. But that's a whole bunch of ABCD patterns. Let's switch over and go into reality and we'll look at the daily chart cuz this thing is, you know, elf. Oh my goodness, look what we got here. Right near 107. We got a 78% level. Mathematics precedes geometry. So within about 70 cents of the exact 786 on this, folks, so let's pay attention. Now you see some of these ABCDs in Kudall have been, you know, pretty much spot on. Look at that. That's a pretty much spot on there on the upside. Here's one spot on on the downside. Okay. And we had some on the way down, of course. And here's where we started the bullish part of it. And now we're really close to that level. We're not very far away. I think we just made new highs just a second ago. Yeah, we're still making new highs. 10735 is a number we're looking at. The number for the 786 is 10774. But look at that. If you're looking at that, you can see here that you got, you know, three things that are telling you got something in your in your favor that you know that you're looking at. Okay, that's all I'm looking at. All right. We had one yesterday that everybody said, "Oh, we're going to get killed on this one." And that was the wheat. Let's get our wheat up here. We want to get the daily up because that's what we were watching last night early in the morning. And we said we're going to buy the wheat at uh 07, excuse me, at 19 with a stop at 7:07. There was a 19. It's now uh in the in the in the favor by $400. So what you want to do is you want to put your stop at break even at 719 so you don't risk anything at all. The reason why I was doing the trade you can see we have higher bottoms. This makes this a 135 pattern. Very very beautiful symmetry. If you count the number of days down in this number of days down in this you can see that the corrections were almost exactly equal right out of Andrew Low's book. Look for repetition. There it is right there. AB equals CD. A real mysterious peri uh pattern that you don't hear much about. Anyway, here's where we are now. We're that's up 400 bucks now. It's still rising. So, that's what you're looking for. You're looking for pattern recognition where you can put things together. But, I'll tell you one thing, folks. This the thing that we're looking at over here. Let's get back to where we were when we started the show. But there's where we are. We're down 400 and some points now. Uh if we break below this, then that's telling you to hit that exact number. And we've been here since uh early this morning. We've been trading for 2 hours and a half and it's not taken out that low as of yet. I don't know if I can do a 1 hour on that. Yeah, there's the 1 hour. Okay, you can see it here. There's your number right there. There's your 85 number. And you can see we had a little tiny rally and boy, I mean, that's really tiny rally. So, that really doesn't mean much. the close is what will be so very very close today because that's where the that's where the pedal meets the metal as they say looking at some of these others you're seeing we're starting to see uh Bitcoin now th this is very important folks from my perspective because see the 382 on the whole move that's the whole move from way back at $122 am I saying that right $122,000 we went down to 57 uh 50 575 there was your 382 retracement misses it by a couple thousand points, but when you're looking at a number that's 83,000, couple thousand is not very far away. So, looks like we're starting down now uh in the crude oil. Uh here's your New York Stock Exchange index. It's still going lower. And then this is your German DAX. Uh it's it was down, but now it's it's basically up on the day. It's still completed some patterns up in here. Uh if we look at the Japanese stock market, it's uh basically uh up very slightly 2 cent uh 27% so far today. Uh the nifty50, this thing's in big trouble. You know, you can see here that it's having some trouble over there in India. And then of course there's your semiconductor is very very mild considering the news out there. It's all over the place and in Japan it's got s excuse me this is Korea. Japan actually looks better than Korea. I'll just bring that. You can see Japan is still got some higher bottoms. Korea's got lower bottoms and lower tops. You can see that's what you've got. So, it's a lot weaker than the other side of this. So, those are the ones that we're watching here today. When we come back uh from our first break, we want to look at some of the other trades. Well, we can do that right now as we're talking here. We also have some a British pound that we've been short for a while. It's working uh not great, but it's still nicely. We sold it right up here at the 382. It's got a little more than a, you know, a profit in it here about uh $600. And if we look at the euro, get that up here. You'll see here it's still moving to the downside. I believe it was earlier. And we'll get this up and you'll see here. There we are in the euro moving down quite nicely, too. So, this is what we're watching here, boys and girls. So, let's pay attention. We'll be right back. [music] >> [music] [music] >> 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 [music] text, either. TFN airs live financial content streamed live on TFN.com and TFN's YouTube channel with Tiger TV [music] live every day from 8:30 a.m. to 400 p.m. Eastern for free. 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[music] That's why each of our market experts offers their very own market newsletter. [music] A must-have tool for every trader out there striving to find an edge in today's markets. TFN [music] newsletters cover every aspect of the markets so you can analyze the market [music] before you trade. Try any of our great newsletters [music] risk-free with our 30-day money back guarantee. [music] Just visit the newsletters tab on the front page of tfn.com. TFN, [music] educating investors. >> [music] >> Okay folks, this is the uh you can see here we've completing we're completing an ABCD pattern here. Uh this level here on the daily we were looking at it on the 60 minute. So we have just a we might [clears throat] even be there but a little bit lower down here at 11510 might be the bottom that we're looking at here uh for the euro. All right. So that's a big thing too. So we need to watch that very very closely. We're there. where we've made the 50% level, but the ABCD, as you know, uh, goes lower. So, if you'll put your level right there, you see you're going to get it down just a little bit lower to the 61% retracement. That's [snorts] what I would be assuming. We're going to get that uh in the euro. Whether that'll mean a big thing or not, no one knows that, but that's not what we're doing here. All right, we'll get this this out of the way. We got the uh British pound out of the way. We got the Oh, we're Look at this. We got the uh wheats. We're working up pretty good here. Let's just see where we're looking at here. There we go. There was our move. Oh, look at this. Strong trending markets, boys and girls. Do you like those? Watch this. God, I love this stuff. Spoke to Tom Boogard today. You want Well, there you go. There's your beautiful Look at that beautiful ABCD right there on the opening and easy 400 bucks. So, that's a nice one that we were looking at. Okay, now let's look at over here at the stop and beat. Here's where we are. I put the AI in on this cuz sometimes it works better than it does. But this is what we're looking at. There's your low. We had the rally right here from your high right back here. Just just come back. And this market's getting more bearish, folks. And you'll see why in just a second. There's your 382 retracement almost to the exact tick. We're still moving down. Now, we shorted this. You know, remember I was long and then we went out of the long and went back in short at 7680 on the video that I sent last night. I used a 20 point stop on that. Didn't get hit. We bought the wheat. That worked okay. So, the other one we're watching here was the gold market having all kinds of nice little patterns on a smaller time. Still very bearish. You can see there was your 382 right here. There's your You can see it just Well, let's just draw it in because it's been a while since I've been on the air. Wasn't until what? Last Thursday, I believe. There's your 382. There's your move down. There's your another 382 coming in here on the gold. There it is again. There it is again. Now, you're still still going lower. A little contra trend. Let's look at this on the AI just for kicks and giggles to say we still haven't even looked at Oh my golly, what do we got here? Looks like we're getting ready to head lower in the gold. Shut the front door and raise a rent go. This might be a good one. So, trade with uh Well, that's pretty good. There's your low. There's your low right here. And the high should have been right there. So, that might be it. I don't know. You don't know. You just never know. Let's get back and look at on a smaller time frame. And there's a ABCD there and just about the same ABCD right here. So, there should be strong resistance at that level. And from the last high we made back here on uh Sunday night, it's right at the 61.8% retracement. So, that may or may not work. Okay, let's move on here and talk about some of the other things. We have some crude oil on uh let's try that again, Larry. Soybean oil. Here's where we are in soybean oil. You can see here there was your ABCD pattern right here. All right, we sold it there, came down. It was still short. Still held this level right now, but we still sold it here at 7020. And now it's uh it's got 50 cents in it. At one time had a little bit more. Had $600. Now it only has $300, but the wheat made up for it because the wheat is uh moving pretty good right now. Now, let's take a look here at the NASDAQ because it had been doing pretty good and now it's getting hammered pretty good. Folks, we're in a really bad bare market in some of this stuff, folks. And you've got to look at the big rally that you had, you know, Monday and Monday night. And then look what happened here Monday night. Look at this rally that they had. Things goes from 91. It rallies 500 points, $10,000 straight up. Let's look at this on the hourly chart. And so we can see it just a little better. Okay, there it is right there. Perfect. ABCD. Look at that right there. I sent this out uh early in the morning uh this morning. It was fact it already hit that and we were down here and then we rallied back uh early this morning. You can see the early morning rally also. The the market's really bearish, folks. And let me here's where here's where I'm going to try to tell you why it's bearish. You can see it yourself. But look at some of these things like the Russell. The Russell can't rally at all. Look at this. It just uh it just keeps going lower and lower and lower and lower and lower and that that that's the problem. And the problem with that is right over here. And we talked about this many times and we're going to do it again. We're going to come up here and talk about the old bondies and we're going to talk about the old notoies. Here's the notes. First of all, there's the notes. Tell me if you see something bullish on this chart, folks. I don't see it. Now look, here's where we took our stance right there. All right. At 107 and we were out at 10. See, we bought it there at 107. We were out there at 116. I didn't go short. Had I would have made up all of our loss. But look, it just keeps going down and down and down. Now, if you look at this on the long-term chart, look at the weekly, you can see we're still going down. If you look at on the monthly, look at that. We breaking down. Something's wrong, folks. This was this was negative interest rates six years ago. right now. Look, they're telling us this is a good bottom. We're taking out this bottom. Show me something that's bullish about this and yeah, I'll take a look at it. But I don't see it. I really don't. Now, let's take a look at the the Treasury bonds. Bonds had something nice this morning. Really? They really did. Hold on. I'll show it to you this morning on the hourly chart. I believe it was uh I don't I think it was third. Yeah, let's just put it up here. I think we'll see it here. No, this wasn't. No, that's the old bond. That's June. Stop it, Larry. That thing's off the board. Let's get the chart up that really counts. And that's the one on top of it right there. And we'll see where we are. Ah, [clears throat] there it is. See, I did have something this morning. Didn't worry. Now, look, it's still going down. We made new lows today. But that new low today, let's just let's just look at Get out of the way there, cowboy. Okay, [clears throat] here's the bonds. This what Mark used to love to trade and uh is very good at it, by the way. Okay. Now, on early this morning on the bonds, we had AB equals CD right on the Monday right there. There it is. That rallied from 106. It rallied $600. It stopped right here. All right. Now, when you're trading at you're looking at lower tops and lower bottoms, that's known as a downtrend. So, you want to see what the retracement was from the high that you made right back here. Remember this is when Bread was made his comment. And look at the high the last few hours here. Doesn't go any higher than the 382. There's nothing bullish about this at all, folks. And looking at this on the really big long term, okay, this is the one. You've got to remember this one, folks. You're going to tell your grandkids about this. Back here, 2006, the bond kings were telling us, "Oh, we're going to have negative interest rates." Negative interest rates means we're going to take your money and we're going to charge you for holding your money. We're not going to hold this money for yourself. We're going to charge you a fee for holding it because interest rates are negative. You no longer get interest. Oh, and by the way, we're not going to be able to, you know, guarantee that you're going to get your money back either. Oh, very interesting. What's interesting to me and look, look where we are now. We're breaking down below all these lows, folks. Look at that. We're breaking down below all those lows. This is not a there was your you know well anyway I'm just bearish. I don't know where it's going to happen to them but how how is stocks how are [music] stocks going to go up if we got notes and bonds going higher or lower with means higher interest rate. I don't understand it. Hey, let's take a break. We'll be right back. Lots to cover. Lots to cover. [music] >> [music] >> If you spend [music] 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 [music] 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. 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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. [music] Okay, this hourly chart of the Dow Jones, folks, you can see the high we made here uh on yesterday was uh just a point off of the exact 382. And now you can see we're starting to come back down again. This uh number is equivalent to that 51,865 that we're watching uh in the Dow Jones. If the Dow Jones gets down more than 600, I don't know how much is down right now. That'll be the sign that we're probably breaking through to the downside on this is my opinion, of course. And uh [snorts] okay, move that out of the way. We're still looking for 107. I got the limit minder set in here. So if we get to that 107 level, we'll know where we are. So just keep an eye on it. See if it works. That's all I'm doing. Trying to give you a little idea of that. To me, that's an asymmetrical bet right there cuz you got one, two, three major things up here. You got to risk it,000 bucks, but boy, it's got a lot of money in if it's going to be right. Okay. All right. Let's move on here to the S&P. We were watching that jump around quite a bit. There's where we were. Now, this says it has a possibility of going lower. Now, we've got to start making new lows here pretty quickly cuz we already made the 382. So, keep your mind off of that. And then we'll also looked at the Russell. We've already done that on the downside also. So, let's move over and talk a little bit about the wheat. Now, what I'm doing now, I'm looking at wheat. So, what I'm going to do is I'm going to This is the December contract. I'm going to switch over to the one that is uh continuation because this is why I think it's important. We're going to look at this on the daily chart. In fact, we've done this before. Now, you can see we made some major highs up here and all this stuff. Okay, see that major highs. Now, if we're looking at this, you know, on the long-term weekly, you can see that we made the 382, folks, when remember we was remember there was going to be no more cookies and pasta available ever here. They couldn't even sell cookies and pasta. Nobody wanted it. All right. Now, we're at the 382 of the high from four years ago. You want to be getting ready to short this stuff. and I'm long here from $ 719, but that's it. I'm trading a shorter term pattern. So, if you bought that at $119, you made $500 American dollars. Your risk was $500 when you put it on. So, that's a make an asymmetric bet. You've made $500 and that's where you want to be taking it off. All I'm going to do now is put the AI up here and tell me whether that's what I should be doing. Well, you can see this is an inverted pattern because you can see it's making higher than lower. So, I've got to change that. Move that over like this. Just the vibration has turned to a mirror image. That's all it means. And as you can see here, it's still there was your low. Now you can see we're still going high. So up in this area, but if you bought that and if you bought that 382, then this is your profit objective. Take your $500 and go home. Now I can't tell this to people right now cuz I have to do a video and send it out. But if you're listening to the show, that gives you something to work on. But it that's exactly what you're looking for is something that you know works in your favor. And believe me folks, you don't know which ones are going to work and which ones don't. That's the real key. And that's why this stuff works cuz you don't know which ones are going to work and which ones don't. All right, let's move on here and talk about a couple of stocks that people have asked me about. One, of course, you'll never guess what it is. It's Mr. Abel who's down by the well. Let's see how we're doing lately. Okay. Oh, it's doing okay. Now, we went up and we made the uh 78% retracement. As you can see here, we made the ABCD. Right there was your 78%. Now, you backed off just a little bit here today. Not very much, but that should have been your high right up in that area right here. Okay. Now, I've also been asked to take a look at Nvidia. There's several stocks that people are asking about today. So, we want to get those uh out of the way if we can. Nvidia starts with an end, most expensive stock in the world. also a Dow stock and it starts with an end. And there it is right there. Nvidia. I don't know if it got above 126 or not. With all the news, it should have. No. Yeah. Yeah, we did. We did. We make a new high. Did we make a No, we just made a double top. We made that nice little ABCD pattern. Oh, there's a nice little ABCD there. Clean that out. See, if you like ABCDs, they're around, you know, just uh try to find them. Okay, there's your ABCD right here. I mean, why would anybody sell this so close to uh new all-time highs yet? It had a lot of money in it. It goes from uh oh, see, it doesn't make the ABCD. You would not have gotten filled on that one because it's too far away. 34. Got the 38. You wouldn't have got that. And it has the move big move down like that. Let's see. We have this big move down. And I don't see a 382 anywhere in sight. So, let's just look and see if we find one here after the Well, this is not a good uh Well, let me just move this over. No, there's not even going to be a 382 here. Uh, anyway, I don't believe, but we'll double check it here from this high down to there. No, it doesn't give you 382. Just keeps keeps falling off. So, I don't see anything to do with this. U you know, this thing's made so much money for people. You know, look at this. We're still at this level right here. So, you know, I don't know. This was the buy of the century right here at the 382. If you like 382s, there it was right there. And then we have gone up and made new highs. But the stock market is not acting uh not acting very good, boys and girls. It really isn't. So, let's uh keep an eye on that as we go through and look at some of these other things. But, I would be getting out of the wheat now uh for two reasons. One, it's major profit objective and the longer term could be to the downside. Now, let's take a look at a couple other things that I think are important. I covered these in the newsletter over the weekend, but I want to cover them again. This is the corn. I'm going to bring the corn up. You can see corn's still as high as an elephant's high. But look [snorts] where we are in corn. We're making an ABCD. And look at this on the weekly chart. Same like we'd had in the wheat. Look what corn's doing. Corn's making a 382 from the high where? Four years ago. Right up there. ABCD. It's a major Gartly sell signal. You have ABC CD in a downtrend. Okay? And you haven't had an ABCD in a downtrend until just now. None of these gave you that. This one does. And that started in J February. And here's where we are right now. So, you want to get ready to short the corn. All right. Now, let's take a look at the next one. We're going to look at soybeans. There's Oh, I've got to do one other two. I missed something really big today. 222 in cattle. Okay. Soybeans starts with an S. Correct. All right. That would be right there. This [snorts] is the November beads and they're having a little rally today. Let's look and see where they are. All right, that's the daily chart. Now, what we're going to do now is go down to the 60 minute and we're coming back. All right, we're uh let's see today's action. We went through the 382 like it didn't even exist here. So, if you sold the 382, your stop has got to be above that level right there. We don't have an ABC, just a 382 uh coming in. But let's look at this on the long-term weekly. Look where we are. Almost exactly 50% of the high from way back here. All right. And you can see there's some other patterns lining up probably that uh I missed in here somewhere. There's one right here, a big one. And that takes you up to that level. There's probably another one right here that I might have missed too. And that could take you up even higher. So my assu assumption is because we're up here on the weekly here and we've been here for one two weeks now. This is a pretty good chance here that we got it ready for the market to go down. That's why we're short the soybean oil, folks, is because of that. And it's working okay, but nothing nothing dramatic. But 300 bucks is 300 bucks. We'll take a break. >> [music] [music] >> 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 [music] that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for [music] these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer [music] 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 [music] 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 [music] the trader while also giving his insights into key indices, selective stocks, and more. 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Now look, we're starting to go higher, aren't we? So, the first thing we got to do is figure out, you can see we're way above the 382 of that one. You can see we have an ABCD pattern here, just like we were doing crude oil. All right, there's your pullback. All right, now let's just see where it came down to after the market made its bottom. It pulled back to the 50% level just exactly. So, we know that's correct. So, all we have to do is put the next pattern in right here. There's your ABC CD leg right here. That's going to take us up to this level here, which is 15570. That's about 50 pips from where we are right now. All right. So, we're just going to move this over just a little bit. 15570 is what we're looking for. Now, if the trading gods are with us, that'll be 382 of that high way back here. Now remember the high was 164. All we've done since the 8th of uh September, eight days, eight trading days. All we've been able to rally is three points. Okay, we've dropped down eight and all we've been able to rally back is three. Whoa. Eight and three. Those numbers mean something. Let's see if it's a 382. You go from your high right back here and put that in right back there and shut the front door and raise the rent. It's payday coming in right there. You can see the Dline. Look at that Dline is setting right on the subline. Let's get this out of the way cuz it doesn't count anymore. We're looking at a larger firm. This one doesn't count anymore. Get it out of the way. And there's where we go. This is a asymmetric bet, boys and girls. You can't ask for any better than this. I mean, you really can't. Well, you can, but you won't get it. Anyway, look, there's an ABCD at the 382 and no doubt that there's a trend line because the high was 164. We want to remind ourselves of that. Okay, there's where the cell was. What did it do? It made 8,000. We end up only making four. We made another thousand in here before the big crack. But now we got the promised land is coming to us. 15560 155. Well, it's actually the number is 155 uh70. So, we're going to put in 15560 is where we're going to sell it. Hold on just a second here. We'll draw that in and put it in at 155 60. And we're going to have to put a stop in. Put it here at 1 11 uh 6 02. So, we have to risk about uh 400 bucks 02. Boy, if it's right, it's going to be a good one. So that's what we're paying attention to here with this. We're going to keep this looking at it for the rest of this week or however long it takes to get there. But there's your if actually it's three drives. You can see there's drive one, there's drive two, there's drive three. You could also draw that in if you wanted to to to see it. And I think we should since we're making a a recommendation in here. And there it is right there. So there's where we're looking to to get short up in here. If the trading gods are with us, we'll still get there. Now, it's still up uh pretty good today. So, we're going to find out if it's going to make it or not. But that's that's the kind of thing that you're uh that you're looking at. Okay. All right. Let's move on here. What are we watching? Some of this other stuff. Anything else? Crude oil hasn't got up there. High has been 67. We're trading 10633. This will be one to look at tomorrow, folks, because we would be rough into that ballpark of where we want to be as far as uh well, you know, that's the number right up there. So, we'll keep that uh keep that working. And that's uh basically it. Okay, let's get back to a couple of stocks that we've been asking about. All right, let's go to Intel. Remember, we were a little little uh negative to Intel a little while ago. Let's starts with an I.N.T.C. is Intel. Get this up. Uh it's not done anything. By golly, it's just In fact, it's up today. Well, up, but slightly. It's uh was up a little bit more. We just went to the 382 again here folks these last few days and a little pullback here really means very much now you can see let's go to 60-minute I see something that you know you could trade this on there's your ABCD all right there's your 382 I believe that's 382 off the high certainly looks like it. So let's take a quick look at that. There's your high right here 382 comes in uh it's halfway between the two but that doesn't look uh that bullish to me. And if you look at this on an ABCD format, you can see here from the low you made back here the 14th and then today the 15th and there's your number just about exactly spot on there at par. Oh, see the high was par uh a bore par 048 and the number measured to 37. So that would have been a nice ABCD if you're trading it on a stock basis. Of course, it's a lot slower than in the futures and in the forex, but it still does the same type of thing. Now, we want to take a look at something we haven't seen in a long time, which is Meta. It's still back in the news here. Just had some good news recently. And then you can see, move this over here today. Here's where we are right here. Folks, I when people ask me a question about the the AI and stuff, I [laughter] I mean, I know artificial intelligence is really great thing, just like cryptocurrencies and blockchains and all that other stuff, but I look at patterns. I I really I don't I've never found anything, but I'm just an old country boy. If I see something that works, I'm going to stick with it. And, you know, it doesn't work all the time, but nothing else does either. So, that's all I'm trying to, you know, look at is this. Now, this one's pretty hard for ABCDs. You see a nice one right here. You see a couple of them in here. There's a nice ABCD here in meta right here. Let's just clean this out so we can look at it without anybody being confused. There's your first big ABCD is right here. Let's get this up here. There's your A leg right here. There's your B leg. Remember the CD goes up a little higher because of this of this big gap, right? So, you got to put that in. And if you put that in, the CD leg's going to be 1.27 27 of AB. Okay. And you look at that and bada bing, bada boom, there it is. Then you have the ABCD. Yep. Now, this one really takes off. Look at this. Got an ABCD right here. Hold on. There's AB equals CD right up in here. And look, you're waiting to sell it here. You miss it. Then, of course, it has the big gap up. And away it went. It went way above the 127 of the number. We'll put that in. And you can see and this is when they don't work. You got to stand out, you know, got to get out of dodge. And uh see, it went even higher than that. So, lots of gaps in here, too. So, I I don't know where it's going to go. These are very similar uh in size, though. You can see that swing right here is almost ident Well, it is identical pretty much. Look, that swing right here is almost identical. Well, within a dollar or so. That's that tells you that symmetry is still alive and well with that. But uh move that over just a little bit. You'll see that that is exactly what Andrew Lo talks about in his book, The Non-Random Walk Down Wall Street. So, and here's where we are right now. So, that's Meta and we've covered Apple, we've covered Intel, we need to cover Goldman Sachs. We've had an in one of our friends is Goldman Sachs here. Where's [snorts] GS at? Right here. Hold on one second. Uh [groaning] it's back in under the G's. A B CDE EFG. We'll be right back soon as I get the alphabet straight. Goldman Sachs coming up. [music] >> [music] >> 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. 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Then hit watch tiger TV. [music] Okay, folks. This is one of the reasons why the Dow Jones is getting hammered is because this is the largest stock in the Dow and it's price weighted. You can see 961. Wow. It's down $200 a share, folks. 1161 961. That's 200 handles. 200 bucks. That's a lot. And let's see where next support would be. Let's just measure here for kicks and giggles. There's your ABCD right there. So, we're going to go down about another $50. And if we drew that over, uhoh, you know what that's going to be, folks? That's going to be the 618. Oh, take a look at her. How close it is. Yeah, there it is. That would be a guardly. There's your three drive to a top pattern. There's your guardly right here. Right around 920 to 910 down about 40 bucks from where we are right now. So, looks like we got some more to go to the downside. Now, let me quickly uh well, we only got a couple seconds left. Hopefully, I can get this uh my trend view went out of business here for a second while we were on the break, and I wanted to see how well we're doing. Uh yeah, we're still in business here. Oh, this chart's all screwed up now. Just a second. I have to fix this. We still have not made a new low on the day. As you can see, we're trading around 52,000. The low was 51,085. Closing below that number, folks, is not good. And when you add all the stuff together with the interest rates going higher and uh you know it doesn't look very good. Crude oil at 107 hey that might be the top in crude oil but you know that's a long way away too. Well not very far away at all but it might go through there like Milton better. Just because there's three patterns up there doesn't mean it's going to work. It just means it's an asymmetric bet. Sometimes they win, sometimes they lose. You know even Secretariat lost. Even man of war lost. Uh and you know no man of war man of war only lost one time and that was because they cheated him. They wouldn't let him out of the gate. He was beaten by a horse that was 99 to1 in Saratoga racetrack back in the hey we'll see you on the flip side tomorrow. I live every day in an attitude of gratitude. And may God bless. [music] >> [music]