September 3rd 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 Pesventto. Call now toll-free at 1877-927-6648 or internationally at 727-8737618. Now, Larry Pimento. >> All right, folks. We're looking at the NASDAQ here over the last six u three and a half weeks. If you'll notice here for we made new lows here on the 23rd, that was yesterday. We just tag, by the way, folks, and just tag that low out. Today's the anniversary date of the high in the stock market in 1929, September 3rd. Okay? When you make a new low, you have to change the 382 number because it's a little lower. So, you first thing you want to do is to go up and mark your high right back here and draw it in. And we're right above the 382. Well, we're already above it by quite a bit. And how close are we to this one right here? Friday 618 maybe uh even a little above that one. So it probably looks like it's going to be still going higher. This is a big move today folks in this it's moving uh well let me see from yesterday we're up what 400 and some points. That's a lot. So uh this is to me this is just nothing more than a short covering rally. But again you know I I certainly could be wrong. Now the next one we want to look at is the Russell. So hold on one second. and we'll get the Russell up here so we can take a quick look at that. Russell is right here. Let's do the 4our on the Russell. Okay. Now, well, I'll be darn. You won't believe this. Hard to believe, folks. There's your high right here. Today's high in the Russell was exactly 382. Now, there was your 382 before. There's your 382 today. Now, you can see we backed off just a little bit of here and rallied up and then backed off. So, it's a lot of resistance up here at this uh 2980. Let's see if that holds because that's exactly what that is. It's a 382 retracement of that high. All right. Now, we had that and then we backed off. You'll see it's backing. It's coming right back. So, that's See, you can see it had the back off and then it's snapped right back again, which could be a sign of considerable strength. Time out. Sorry. Okay, now we got to cover the stop and pee. Just give me a second here and I'll get Oh dear, I got too. Let me go through these one by one, folks, so I don't get too confused. Okay, I get confused easily. Here's our cattle. You remember yesterday we had that beautiful 382 pattern. Closed right on its butt. And what does it do today? There's your A, B, C, D right on the bottom here yesterday. And you can see today it opens higher and has takes no prisoners. Goes straight up five points, folks. This is a four down and five up. That's a big move. And you can see what we've done now is we made a 61% retracement of that move right back here. But we also have to keep in mind that we've got a big top way back here. That's going to be, you know, really interesting to see what's happened on that top from the downside. Do you remember as we were watching it go down following these ABCDs? We were watching some of these markets bringer. Oh dear. Time out, folks. I'm sorry. Okay. Trying to, you know, line up the ABCDS as we see them unfolding. And that's what we're doing each time that we're doing this is watching these markets unfold. There was your bottom here. There was your bottom here. I do ABCDs, folks. That's the one thing I'm good at and it does. Okay. Now, uh I can't be with you 24 hours a day, as you know. I They call it 24/7, but it's impossible. But we've been very bearish this market right up here, which is the dollar yen. We talked about this yesterday's show. There's where we were on yesterday's show, right at the 382, right in the middle of the day. There was our show right there. There was your first 382 was right there. That was it. Boom. Boom. Boom. 382. Bang. Rallied back to 382. Went a few pips above it. And then from 59 to 55. Folks, that's 400 hand. That's $4,000. You're risking $300. That's like a 9 or 10 bagger. And when you stop and think that you're bearish because of the fact that this thing is, you know, came up and we thought it was have a possibility to get here or even here, but it didn't. It reversed right here and then down it went. That was on Sunday. And look at it now, folks. And you know what? This is supposed to be bearish to the stock market. Did anybody tell anybody over there in New York about this? This was one of the factors that John Jameson said this could be the thing that really tanks the market. Well, on days like this, there's a phrase for it. It's called the upside down tank. Anyway, this is what it's doing right now. So, this is no longer good. Okay, now we know we're heading down. And so, where is it going to go from here? I know people are not believing it because the fundamentals don't support it. But look, now you're looking at 151. That's down another, you know, quite a bit. We caught all of that, folks. And unfortunately, we uh we got out of it right back here. So, uh we made uh $4,000 in in a $7,000 move and then missed the last $3,000 because it didn't line up absolutely perfectly. And we were watching that on Sunday night. But oh, let's get the uh 4 hour up because that's the only one that shows it really clearly. See, there's where we were. We were trying to sell it up into this area right here, but we missed it. See, it missed it by well, only missed it by about 30 pips, but it just just didn't quite get to it. It had this possibility. Boy, that would have been a nice one if it got there, though. Wouldn't it shut the front door and raise, but this is supposed to be bearish to the stock market, but not so much. Okay, now let's switch over here. We've been talking a lot about the Treasury notes and Treasury bonds, and people are asking me, "Oh dear, we missed it. We missed it. We missed it." I don't think so, folks. Okay, this is the uh 13minute chart going back to the high that we made way back here. Okay, we know that was a high because a big reversal. Look, it makes a 382 retracement. That's all it did, folks. Now, we're we think this is going to go down a little bit lower down to this area, a little bit lower. We'll show you right here. See, we're looking for it to get to break this uh magical 107 level. Okay? And that's where we're going to be looking to buy it. Now, the low the low here was uh 10708. So, you can see the rally here is basically, you know, really nothing. I think you can see here just measuring it. You'll see that all it's done is go almost it's actually a 382 off of this one here. I should have done it the right way. Pard pardon me folks. This high right here. There was your 382 here this morning. As you can see, it misses it by about two pips and hasn't really gone any. This is just a an update in a market that's still very very bearish. Now, let's take a look at the Treasury bonds. Also, I'm going to have to correct the uh the sheet here for a minute so I can get everything up here and find it. Here it is. The bonds. Now, the bonds you see are bouncing against the 382 also. There's your 382 of the other day. See, I'm very sorry, folks. Can't clear this stuff up. Okay, I have to draw it in from the high right back here to the low right down here. You can see it went to the 382 and has stayed there all day. You can see it went a few pips above it and it's been there most of the day. So, this is nothing bullish about this, folks. This is just a little 2-day rally stopping at the 382. That's that's all it is. There's nothing and nothing magical about it as of yet. 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. 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If we take a look at this on the 4hour chart, you can see there it is. There is your high right here. Now after the high has been made, all it's done is back off just about one point, folks. This is not much of a retracement at all. as you can see here. But there's your A B C D. There's your number right here. We're with a dollar away. This high was at uh 317. We're trading at 212 right now. And so it has backed off virtually nothing. It's still not acting bearish for sure. But that is the ABCD pattern that we know and love. So that's pretty much what you're watching. So we're almost matching these back here. I know uh people ask me how can I do this without um following the news. Folks, believe it or not, I haven't been following the news in over 40 years. Even when I was at Drexel Burnham, I we did get very little news. Uh but I, you know, that never meant anything. The only thing I I used to get news on was when we were on the floor of the Merc it was M1 and M2 because if you're trading T bills uh and there was virtually no S&P trading when I started there in ' 82. It didn't start until April the 17th of 82 and it was traded between 103 and 120 if you can believe it and here we are at 780. So uh there was a big difference. Okay. So the the T bill was a big thing and you had to follow that number because the Fed had bu built in that if it was uh if the T bills were up a lot then the price of M1 M1 M1 or M2 was up a lot then the interest rates would go higher. If it was lower then it would go up and it was a joke how they did it but it went on for many many years. They didn't bring it out until 15 minutes after the market closed in New York, but the T-Bill market opened for 15 minutes after. So the report would come out 15 minutes after the New York open close. And yet you could still trade it on the Merc. I mean, if you're a floor trader, you couldn't trade anywhere else cuz they had no overnight trading. There was no blowbacks then. So it was a it went on for about three or four months and then people realized it was a you know easy way to e take money. So they took it away and then they just stopped bringing the M1 out until 1:30 until after everything closed. Now M1 M2 doesn't mean anything. It's just the flavor of the day folks. All right let's get over here. Take a look here at the Russell 2000 because uh I think we've already done it. Didn't we do that? Yes, we did. Yes, we did. The Russell 2000 as I recall. Uh let's get it together on the 4our. I know we did because it hit the exact 382 and that's what it's done since that time. You'll see that uh had a break, came all the way back down. We dropped uh dropped 30 handles and then rallied back that much. I mean, that's just shows you the volatility that we have in the market today. Now, if that's the case, look at this, folks. I I can see it right now that it is the case. This is why this got so much support. Mathematicians over there on the floor said, "Oh, that must be the 3A2." And by golly, there it is. So, once we get below that 382, which is down about 15 points, then that'll tell you that this trend is most probably turning. And that's about it. You can see on on the market today, you can see this is Thursday, Larry. There's yesterday's market. There was your first 382. There was your second 3A2 and then of course we had the big move today on some kind of a news announcement and that's what we're doing. But on the the overall scheme of things this is still you know nothing more than a 382 retracement of the whole move down. That's ex exactly what it is right there. All right. So we got that one out of the way here. We've covered the NASDAQ and cattle and notes and bonds. We're going to do that right now. We've we've already done that. Let's try on to the next one. And I think we did the Japanese yen. Ah, you know, I think I missed something on the J. No, I did. I did cover it. I'm going to cover it again because it's that important. There was your Sunday night thing, folks. If you're following this on the hourly basis, this is where your key was here because here we are coming in on the on the first that was the day after. Okay, there was the pull back right here. There was your 382. There's your 382. And look at this, folks. I mean, this is You're risking this to make that. Hello, operator. That's what they call a asymmetric bet. So, anyway, that's what we're paying attention to. We'll get these out of the way here. And I've got a couple of thing. Oh, we got to cover a couple stocks that we were in uh interested in shorting. One of them, I believe, was Apple. Let's just double check. Give me a little help on this because I couldn't remember cuz I don't trade these things actually. All right, we'll put the put the 4our up. See? Yeah, Apple would have See that we you would have lost on this one cuz it gapped up. Let's Well, hold it. Let's double check this. Put this up on the hourly basis, I think. Yeah, see there was our number right here and it backed off a little bit and you can see we went higher. So that would have you would have got stopped out at that one cuz you only backed off a little bit and you would have been stopped out. The other one we were watching of course was uh Intel. I believe it was Intel. I can't remember all these stocks. So hope you if you remember to to remind me. I will be happy to get it again. So we'll take a look at it right here. Intel starts with an I, doesn't it? Oh, let's check and see Nvidia because that's been algo here from what I understand. Did it make new highs? Not yet. Oh, wait a minute. I think we did yesterday. No, no, no, wait. New highs is way back here at 240. All we're doing here now, we're 227. We have not even made highs as of yesterday yet. But that's just a few heartbeats away, it looks like. So, neither one of those uh have much of a ramification here. Now, next one we want to watch here is Intel. Uh, Intel and Micron. Was that the two we were looking at? I I didn't write it down. And, you know, I should cuz I do so little stocks. Intel. That starts with an I. So, eyes are back here and I should be right there. It's Intel right there. Put the daily up and see. Should be rallying today with all the news. Yeah, we're up a little bit today. We went down and held its bottom uh right in here. So, that's what we're watching with the Intel. Nothing big uh going on there. Oh, one other stock that we they asked us about today was that M uh what was it? M uh M MN M M I think this is it. Let me think of this. Is it mRNA? I think this is it. Let me has the uh broadening top. Yeah, there it is. This one's still working. See, there you go. There was your high yesterday, you know, right at the 61% retracement as you can see right there. And now it's starting to come down a little bit. Sale was at the 618, which was right there. That would have been uh 153. It's now down $9, folks, in one day. That's a considerable amount here. If you look at this on a short-term basis here, you can see it's a bigger move down. You can see here. Boom. That's That's a nice move down from that high that we had just right back there. Okay, that's what we're paying attention to here. Get this one out of the way. All right, now let's take a look at the soybean market, folks. This was the trade of the century, and I missed it, but we got some more centuries, more days in the century, so we want to pay attention. We'll be right back to talk about soybean oil. 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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 mercantile 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. 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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. This is the soybean oil, folks. Um, this is an absolute dynamite uh pattern, folks. I want to go through it because it's just started. We missed this one right here. We took out the previous high of the day by a point. It was trading exactly at the 61% a little above it right here. It was trading right here. Took it out the previous high. Okay. And if you took the previous high off for this one right here, you'll see from there to there. It went see how it went the same amount above the 618 that it did here. See that? And that's that makes this a 135 pattern. There's one, three, and five. And now you've had the big break. Now, from yesterday, it's broken uh almost $2,200 in his first few days here. Okay. $1,800 a point. Let's try that again. Larry, it's $600 a point. So 6 * 2 is around $1,800. So we broken down hard. Now what we're going to do now is try to find an entry. So what we're going to do is go to a 13minut. And you can see here's the breakdown. There's the break. You can see the little tiny 382 here yesterday. And then boom, boom, boom, coming down. Now, what you'd like to have happen, we got these coming down here. This might be enough to get a little bit of a bounce in here. And what were we watching for, as you well know, is watch for a 382 from the high, which is right there. So tomorrow or the next day if it gets up about 3/4 of a point right there that's where you want to be selling it at 7039 something like that just a little below the 140 level so that you'll be sure to get a fill. Put it in like 7030 or something like that versus the high at 7034. So that's a 382 is what you'd like to see. It might not work, but your stop has got to be above here. And if it does, it has a great deal of uh time in it because stop and think. Now, we've had a straight up move in crude oil here these last couple days. And soybean oil has a green power thing because they use the corn husks and or the bean husks and stuff and convert that into uh energy somehow, whatever they do. Anyway, with that with energy prices going up, soybean oil should have been going up, but the value of it versus other things. In other words, it's worth more important in paint and cooking oil than it is for energy. And then that's why the things change. Matter if it gets back to $2 a barrel or something like that. Whoa, whoa, whoa. $2 a barrel. What am I talking about? Umund $100 a barrel. It might come back to somewhat. But the main thing is is to look for this 382. comes in around 7030. We're trading at 6951. That's 80 handles. This is a slight rally and you could be there and your stop would have to be up into this area. But it's got the real chance because it has that beautiful pattern that is there. Now, if we take a look, let's get rid of this and take a look at the soybean market itself, which I do have here somewhere. It's right over here. Hold on. Let's get the daily up. Okay, there's the there's the action right there. There's your three drive to a top pattern. Now, this morning, uh, last night and stuff, you'll see here. See how the market broke quite a bit. It had a big break. Put that in there. Show you. There was the big break that it had. Look, it's And speaking to that, look at this. It's still the bull market, I guess, because look, there's your A B C D right there. And of course, it goes a tiny bit lower. mainly because of the one there you can see the ABCD but it goes a little bit lower which basically means the CD leg was just extended by 1.27 27 and you prove that by changing the value from 1 to 127. All right. And that'll take you see who let's see if it's correct. Well, it misses it by about uh 2 cents. So, it's pretty close right in here. But uh that's what we're watching here. Now, we had this big rally here. If you'd have sold the 382 here this morning, folks, right after the opening, they'd have handed you your lunch. You'd have you you would sold it here at 02 and you would have been out at 09. you lost quick $350 cuz once it gets above here you don't know where it's going to go. We didn't do that because we were waiting for the soybean oil to do that and soybean oil couldn't do it because it's very weak. Now eventually the meal and oil will change around a little bit and uh the oil might be able to get there. So remember that number in the oil folks at 7030 and your stop would have to be 7130. You have to risk $600 American dollars if you're going to do that. Now, let's take a look at the wheat because you remember we had that big top up here in wheat that we talked about for quite some time here day after day while it was doing it. And here's where we are right now. Put that hourly up and see if we're still Oh, we had a big break. Okay, here it is right now. There was our top up here. You can see the three drive to a top pattern hits it right on the money and then has a pretty big break. Uh I think we're making the 382 now, folks. Let's just take a look. Okay, this is what we play for. We're in the bottom of the ninth inning, folks. There's uh uh we're we're tied up with the Boston Red Sox. The Yankees are. And our three hitters are coming up is uh number one is uh Lou Garrick and number two is uh Mickey Manel and number three is uh Roger Maris. And so, by golly, look at all those home run hitters. The bases are loaded and everything. So, all your ducks are lined up. All you're waiting for is this, folks. You're just waiting for this 382. We're real close. Just a penny or two. 5 cents away. Write that there. That this is ideal. You got a strong trending market and you're coming back to the 382. I said I'd never do this again, but I haven't got anything else to say that you guys don't know about. So, 755 will be the sell. And uh up here will be 775. 775 will be the get out point. Okay. But 7 755 will be your 382 stop above right here. And your profit objective will be this distance right here. Okay? Cuz we're expecting the ABCD. This is where you're risking 10 cents. We're going to do this. There's your move right here. This is going to be your profit objective right here. You just move that down over here. Okay. So, you're risking 10 cents. Excuse me, 20 cents. And that's going to make you uh wow. Okay. 10 uh 20 cents. And this down here is uh wo 50 60 70 60 70 cents. So, you're risking 20 to make 70. It's a better It's like 3 and 12 to one that the odds are you're going to get to this level and make that kind of money. So, that's what we're watching here. We'll follow that each day hopefully if I can remember. But that's what we're paying attention to as we uh look through this. Now, we need to take a look at a couple other currencies. Some some of our friends up in Canada. Oh, I met the 51st state of the United States. Uh can you believe that? I can believe anything. Okay, here's Canadian now. It's been hit because they're, you know, under a big pressure here. Let's get the daily up so we can see it better. See, we've been in a pretty good now. We had a rally here. I don't know what that was. It maybe Oh, they had an election. That's what it was. All right. Now, let's see if that high was related to that 382. Okay. Well, just clean Just a second. Clean all these out and then we're going to That's a Canadian dollar right there. All right. Bear with me here. Well, that just looks exactly like the uh 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 first-time 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 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 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. All right, folks. This is the Canadian dollar, our 51st state. I bring that stuff up. It's ridiculous. That'll never happen. Well, as Tanto said, Nebahachi never happened. Kimosabi, but who know I don't know if you know this or not, folks. You know what Kimos? There you can see your 382 right here. There's your three drive to a top pattern. Kimosabi means trusted friend. Okay. Okay. Nebahachi in Apache means never happened. Okay. That's something you never have to worry about in trading cuz something always happens. There's your three drive to a top pattern. Too bad we didn't talk about this yesterday when we were doing the pound. If I'd have been perceptive, well, we ran out of time, but we could have checked to see the different ones that were making some real critical points. We saw the the one we had in the uh the Japanese end. Here's the one in the Canadian dollar. You know, big big move to the downside. And you can see this one just straight down. There's no RA ratio or nothing. It's just boom, straight down. That's a tells you that there's something really exciting going on about the US dollar is losing the battle against Canada is what that means cuz you're this means you're short the dollar, long the Canadian. All right. Now, we'll get this out of just get this completely out of the way. And let's look at the Australian dollar. That's always in the news. Well, not always, but a lot. They do a lot of exporting and importing. Okay. Here is the Australian dollar. This one should be going up. And there it is. There it is right there. All right. Okay. Now, let's see a pullback here. Well, we had a beautiful ABCD pattern right here. Let's just see if that's a 382. Boy, that would be another one coming in right there. Hello operator. Would that be the case? No, it didn't even come. Well, it came within about uh 20 pips or so. But you can see on the way back down here, we did have a nice There's your ABCD right there. Okay. So, that means you've got that set up. That means this ABCD comes down like this. goes down to there and then you have another ABCD coming in right there. And that tells you that you have a beautiful three drive to a bottom forming at that point. There's drive should do it this way. Drive one, drive two, drive three right there. So there's where your number would be. And then on the way up, let's see if that was a 382 today. It looks like it was. No, we miss it by about uh two or three pips and then away it goes. And it looks like it's still going higher. And you can see that it does look like it's breaking out to the upside. Looking at the daily, you see it's got a long way to run if it goes. So that's what we're paying it to right now. There's where we were. This what we're doing right now. That means we are going to be going I'm assuming that we're going to be going higher cuz we're up against some real stiff resistance right here as you can see. Well, we just broke through it. Just broke through the 786 after being down 1 2 3 4 days and then it's just taken off. It's just looks like the dollar is going to be losing to the Australian dollar. That's it. Now, let's take a look at the US dollar index. So, we can see what that is doing. I'm fading like a a winner tulip, folks. So, bear with me here. I might have to cut this short. Hold on one second. Get the DX up here. DXY. Okay, there's DX and we'll bring that up on the daily and see where we are. Oh, there she's coming down from a 382 looks like. Now, the dollar is in big trouble now, folks, cuz there's that number that was so important and we rallied back. Now, you see this is not a 135, folks. This is not a 135. There's no symmetry here at all. There has to be some symmetry here. That's, you know, makes it look like it's going to work. cuz you see this this would be much lower and you can see that's probably making just a 382 from the high that it made right back here. There it is. Okay, that was yesterday. So today would have been the place to be selling it. And you can see that would have been a really nice move here cuz it wouldn't had any trouble at all to the downside. And there's your and that not only that, but look what the look what your profit objective would be on this puppy. That would be down here down in the 80s I think. Let's see how close. No, we come down to about 96. That's a big big move. Looking at this on the intraday basis. Let's see if it just opened the right way. No, there was uh yesterday and all we did this morning was looks like we made a perfect three. Should stop showing these because they're too important. Uh what am I talking about? Nobody does the work. Anyway, you can see there's your 382 retracement right in here. And then down we come and it's been going down pretty much uh the whole way down here with just a little one tiny little ABCD pattern here this morning. See, that's very very tiny, but that's uh what we're looking at. And that'll tell us that we're getting pretty close to that bottom that they're looking for. There's your ABC D. We're almost there. So, tomorrow we've have pretty had a bottom coming in here on this bigger number. Let's look at that daily again just to be safe. Yeah, we should have some pretty strong support here at the 786 number in the US dollar and it might even be there right now. No, by tomorrow it'll be there. Well, it'll be there in the next few minutes probably, but that's where it is right now. But this wide bar tells us that this is probably what's going to happen that the dollar index is going to be losing. So whether that has an influence on gold or not, I don't know. But let's take a look at gold on the longer term, folks. Let me get this up here. I believe it's back in this corner somewhere. Usually is hiding away. There it is right there. Just move it over. Had a heck of a rally today. Went up to the 50% level. Okay. And now we're going to find out if it's going to back off from this level right here. Certainly looks like it is, but it's still really close to that level. If we look at this on the hourly basis, you'll see it's just hanging up there right there. Let's go to the 13minut. All this is doing is see spreading it out. So you can see a little tiny pattern. See, because there's your number, it's all right, is at this number where the game is being played. So just because there, let's just move this down a little bit here. Just because there's uh you know the US dollar index basically 53% of that is the euro. Okay, so per the dollar index doesn't trade that much. It's basically index. You're taking the 22 foreign countries that supply the information and they break it down in by waiting of the country and number one of course is US. Uh two is Japan, three is uh uh G uh London and then all the others are not insignificant, but they're a lot smaller. when you get into uh Thailand and you know parts in Australia and some of these others, it's uh it's a lot much different. But look, remember this folks cuz this is going to happen someday in the stock market. After the market moves, it makes a pullback at the 382 and that's the one you want to get. Now, there's no 382 here at all. It's just the whole thing. Even from this level right here, see? Oh, it does make a 38. Oh, shut the front door. Raise around from this low right here to this one right here. It does make a 382 right here. And that tells you it's still going to be going higher. Uh from that level right here. Well, I made it through. Uh I think I'll wait till the bell rings and then uh uh that's about it. If you're looking for potential trading setups in the stock market, market, then Rocket Equities and Options Report is a newsletter you should try. 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We're going to go through. You can notice yesterday uh the day before yesterday on Tuesday, everything was red. Now everything is green with the exception of here the Nifty50. It's opened higher and now is lower. But just about everything else is up on the day. In fact, everything else is up on the day. Even the uh semiconductor was down and it snapped back and it's gone up uh up for the day. If we look at the uh Korean market, it was lower and also back up on the day. If we look at the Japanese market, hopefully we'll find it up here somewhere right here. And you here again, you see it was lower and then it snapped back above being higher. And that's pretty much it. The German DAX is also had had a rally rallying about a 38% rally is all we're doing in in that one here with the uh main one. And then of course we've already talked about the euro and all the other things. The euro is back up into this area right here. And you can see here we come down and you'll notice that this was a 382 just like it was in the pound. We get this up here so you'll be able to see it. There's your low and there's your high right there exactly at the 382. Uh there it is right there. Uh no, no, no. I don't know why it does that, but anyway, there's your 382 to rally back. We're going to find out if the euro is going to continue. It's a pretty big move in the euro today, folks. So, we need to respect that. That's for sure. But we're still basically long the pound now and we'll see how it uh continues to uh work and we'll go from that level. You can see here there's our move strongly off of this exact see the number of days up is equal and the pullback here it's going to be equal. That's going to bring it out to this area about in here. So those are the main ones. So tomorrow we're going to have Stan Harley as our guest at the break. And of course, it's going to be a question of whether it's going to be a Friday and an up week or a down week. With the big move today, it should be up. So, live every day in an attitude of gratitude and may God bless.