September 9th 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 Pavvento. Call now toll-free at 1877-927-6648 or internationally at 727-8737618. Now, Larry Pesventto. Okay, folks. We're up on the porch where the big dogs bark. Here's where we are. A B C D. We said it would get between 107 10628. It hit 10731. That means you got filled at 107. That's what we're shooting for. Stop 10626. There's a battle going on in the news between the Secretary of the Treasurer, Scott Bresant, and also some of the people that have uh trained him and stuff like um Oh, excuse me. Anyway, let's move on here. This is where we are right now with the Treasury notes. So, we bought those. There's a big Treasury meeting today and tomorrow and stuff. And do you think the Treasury is going to let these things sail down to the downside? I don't know, but that's an ABCD and that's where we go. So, you got to play the play the the game right here. If you look at the Treasury bonds, you'll get over here and we'll see those here in just a second. And there they are right here. We'll get these up here. I got a lot of things to show you. So you can see there's a number in the Treasury bonds was going to be right down here at 10715. It got to 10720 and made new lows here and what I said if we get back above that it's not going to look bearish. So I said yeah take a shot. But I took a shot in the notes because that's everything there. That's the one you want to be looking at. Now let's forget every all the BS that's out there about everything and talking and all that stuff. Let's just look at it technically. Okay, look at this. We got the ABCD down. Now, we want to see how Get this out of the way here. Get this out of the way. How many times did it come down to days on the way down? We're just going to see time down. There's from your high right here to your low right there. We want to see if that's going to be equal to pretty much what you're looking at right now. You put that right there. it would be equal to that high, which is pretty close to that high. So, you have time down and you have an ABCD. That's basically all you have to do. And this is what we're looking at right now. There's an ABCD pattern right here. It's been going down since March. I have been bearish this since March. I am not bearish anymore. I think if a surprise comes, it's going to be to the upside. Why? Because there's a big fight going on and the guy that runs the place has got the bigger position. So, we're going to find out if it's going to uh if it's going to work and if it's wrong, if this auction goes really badly, in other words, they can't sell those 20 trillion zillion billions, whatever they got of bonds, and then you're going to see this. You'll be stopped out of it. Probably have some slippage, too. But, um, that's what you have to do because you don't know what's going to happen next. Okay, a couple trades. Remember, we've been talking about this one here for a very long time. Now, all I got to do is find it again. And I've got so many. Oh, here it is right here. You're going to love this one, folks. There's the ABCD in the uh cattle that we talked about yesterday. You see that where it measures to the high was right there at 4747. There's your ABCD. But let's take a look at it on a little bit longer time frame. Let's bring the daily up and see what that number was. Shut the front door and raise a ramp. It was 382. Right on the money, honey. It's already made a thou two uh let me see which one it's made $1,000 already. Doing okay. All right. Now, let's move on. Oh dear. Here's one we got to do right now. If you like to do gold, this would be one you might want to think about. Now, we won't do we're not going to do that. We're going to come over here and look at the wheat because we did the same thing today, folks. Yesterday, look at today's high exactly 382. What else is there for you? If you want to trade wheat, there's your AB equals CD right there. There's what you're looking at. So there, look at that, folks. That's that's $1,000 right there. 1,000 bucks if you followed the old 382. Okay, now let's move over here and talk about something else. It's in the news all the time. Just bear with me here one second. I want to show it to you. This is the uh this is the big one. This is the I'm going to blow it up so you can see it. Okay, this is the dollar yen cross rate. Okay, now just you know we talk about these numbers. I just want to show you from the left hand side 1.618 618 1.618 50% 618 786 786 I mean look at these numbers everywhere folks. That's why they're so good. So, what we're looking at here now is going to be uh ABCD to the upside. Just mark that in right there. Put it in right there. We're almost there. That's up here about 153 level. Okay. And that's what we're paying attention to uh with that one. Okay. The next one we want to look at here now is the Dow Jones cuz hold on one second here. Want to get this up here so you can see it. You can see the Dow Jones. We're the number that I'm looking at in the index itself, folks, is 52,000. We're 500 points away from that on the futures, but we're not on the cash. The cash is not that far away. If we switch over, you'll see cash is trading at it's only 400 points away from the number. It's only 400 points away as opposed to five or 600. So, watch that number. And we're sitting right at the 78% level right here. Right now, we've had a big move down here. I told my folks or those who were listening to me, I said, "Look, let's not worry about this last part of this because I'm nervous. I think that crude oil market was topping." And I said, "I think that this thing with the uh treasury is going to be a big surprise, a positive surprise." That's how ABCDs work. So, I said, you don't want to be short too much of this stuff here. And the next reasoning before, if you look at the NASDAQ, this darn thing doesn't even look bearish. Look at this. This goes down and makes the ABCD and RA and and rallies. Look at this. It had a huge rally all the way up to the 618 back down again. This is all over the map, but it's, you know, it's made that pattern right here. There's your target right here. That was the eighth. Here's the ninth. So, it's right on the money. So, that's what you go there. Excuse me. There's the eighth right there. That's the ABCD. So, it's completed. And then the rally back went all the way to the 618, not to the 382, the 618. Then it came back down again. this. That's a lot of buying coming in, folks. So, you got to be a little scary of that. All right, let's take a look at the E- Mini S&P. By the way, Mike Moore will be our guest. And boy, if that guy hasn't should have gold stars all over his desk because he's been so bullish these crude oil and stuff. Now, here's where we are with the S&P. There's that number I'm talking about. 4600 around 7,600 to 59. You got double ABCDs, double ABCDs coming down there at that level right at the 50%. This is a normal correction in a bull market, folks. As bearish as I am, got to do it. That's it. Nothing else about it. We have to do it cuz I don't understand what the hell's going on. And you know what? Nobody else does either. If you want to know the truth. Okay. Now, here's the one that we had on that I thought was the greatest trade in the world, but we still have a loss of about $200 in it. And that is the crude oil. Let's get that back up here. Excuse me folks. I'm very sorry. There was our sorry folks. Oh go on it. There's where we sold that 382 on the way back of that 135 pattern up here at 68. There's where we sold it at 68. It's now trading right up in here. Okay. So it's still pretty close to break even, but our stop is right above here. So let's stay tuned and we got some other things to look at. Okay. 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. 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TFN, educating investors. Okay, folks. I have some good news for you. We got a new product coming out of Apple. It's an Apple uh expandable phone, and you're going to be able to get it. Are you ready, boys and girls? For the poultry price of $2,000. That's the bottom end because if you want something like power or something like that, you're going to have to pay another,000 for everything. So, the average price, they said, would run about $2,700 for a telephone. Folks, when I graduated from high school back in 1958, you could buy a brand new Corvette for 2700. A new Porsche cost 40 uh 27 30 No, see, 2,700, no 2,900 for the Corvette. And the Porsche was uh 3,300 as I recall. And of course, I couldn't afford either one of them, but that's what they happen to cost. Now, you can see here, Apple had the 382 retracement yesterday and then it came down, rallied today on the news that the phone was going to be $2,000. That didn't hold too well. And now we're still moving down. I I mean, I'm really thinking I know they're going to have to be financed, but boys and girls, look up to the sky and ask yourself a question. $2,000 for a telephone? Shut the front door and raise the rent. I thought I'd heard everything, but they'll sell them, that's for sure. But they're those will be the ones that people be after. Instead of robbing them for Rolexes, they'll be robbing them for Apple telephones. All right, let's move up. Okay. Uh I don't know anything about telephones, so I I should change the uh change the thing right now. Okay. Let's move over here and talk just a little bit about the Russell because it's got the the longest. If we take the 4our chart on this, you'll be able to see that the part target on this is down here quite a ways at uh it's down about another 50 handle. See, if we take this out that that's in play. Of course, you can make that very quickly. All right, but that's what we have. This has been the weakest. Of course, you know, you can see we've already done that. And remember the reason for that was we were watching that on the weekly and now look at it now. It doesn't look too good. We're almost ready to take out next week's lows. Okay, so we are heading down. That's basically it. And I know I'm taking a chance buying that stuff down in here, but uh golly gee, you can't beat ABCD. Oh my gosh, I make it rhyme every time. I was a poet and didn't even know it. All right, let's move over and talk about the British pound. Here's our British pound. Now, you remember we had this position on. We had the ABCD down. We covered that. We sold it here. We bought it back on 10 days down. The difference is, folks, look, one, two, three, four, five, six days in a row and it can barely make a 50% retracement. You got to be short the British pound. That's what you want to be doing. If we look at this on the hourly basis, you'll probably see one of those things we call AB equals CD. And there it is. There's going to be several of them in here, but the bigger one is this larger one right here. And you can see one above it just by a little bit. And there it is right there. And then there's a couple other small ones in here measuring right up here to the 50% level. So that's why you want to be short the pound up in this level. You're seven trading seven calendar days, five trading days into this move right here, which is a downtrend. And looking at it, you can see it's at the 50% of the high. Oh, that's wrong. Wrong. It's drawn wrong. Hold on just a minute. Let's try to keep this thing together so we can see it correctly. From your high, right up here to your low, we're right at the 382, just a little above the 382 right now by about uh well, nothing. It's just basically insurmountable. It's right there. So, your stop would be up in this level right here, but you want to be short that right here. Now taking on the other side of that is we should look at the euro. We'll bring the euro up here. Put the 60-minut up and see where we are. Should be Oh, there's a 61% in the old euro. There's another good trade. Holy moly guacamole. Oh, it's got to be redone because we made a lower low. Timeout, boys and girls. I didn't see that. Get that out of the way from our high right up here. Should be right at the 618. That was a high so far today. There was your 618. We broke pretty good from there, too. So, there's your ABCD right there. Let's just see how close that one comes. Now, this one don't make it. It doesn't quite Oh, yes, it does. There's your ABCD right there. So, we got How could I be a miss non-believer? But there it is right there. Pick the one you want to be short, the euro, the pound, because we're ready to roll over. Now, if that's the case, we come over here and look at the dollar index, and that'll give us a little rough idea of where we are here with the uh with the currencies. Uh don't trade the dollar index, but that's what they use to uh value that against the euro because the euro is 57% of the dollar index. We'll do this on the 60-minute. This should be coming down a little bit. Oh, not virtually anything, but uh there it is right here. Wow, there's big gaps in. Are you kidding me? Hold on just a minute. I don't remember big gaps. Oh, it's Yeah, we Okay, here's Yeah, here's the here's the Swiss the dollar index. Let's see where we are. Okay, now we got a lot of data here now. And the first thing we can see here is an ABCD just like we were looking at in the old euro. There's your AB. There's your CD. There it is right there. That means we're getting ready to rally. Euro getting ready to go down. You have another AB CD here also. There's your AB right there. There's A. There's B. There's CD right there. And there it is right there. So that's another one that's getting ready to roll over. Look at this top here, folks. If you want to like ABCDS, there's AB equals CD. That's what this we just saw in the Euro whether that I mean in the crude oil. How's that doing by the way? Let's take a quick look at it here. And we'll see if we're still holding up together. Uh yeah, it's coming down a little bit. Let's see where are. Yeah, it's come down quite a bit. Okay, there was your 382 right here. Now you're coming down. You haven't had much of a rally. So that may be a good number, folks, because of that hourly chart. Having that big ABCD right there was probably enough. But the news is such that you know every even on Bloomberg they're talking about $110 and and it it could very we hit 101 today and uh Brent but I think we'll get a lot of information from Mike Moore when he comes on in about uh 5 minutes. Uh it's five or six minutes he'll be up and tell us what we're watching here uh uh with the crude oil. Okay. So we have two new positions on. We have the treasury notes and we're also uh short cattle and uh that's those are the main ones that we're doing and uh we will be covering uh I'm going to be recommending covering all short positions if we get to our level right here uh at 50 um 7590 uh in the E- mini S&P. Now here's the problem folks. If that uh 7590 is hit and this auction comes out that's talked about today and tomorrow. It's a treasury note and bond auction. They're offering a whole lot of stuff. And so that's going to have to be taken in by the the companies that uh take it in. Right now, the yields are going to be high because bonds go up. Okay? As bonds go up, yields go down. So if bonds are going down, the yields are going up. So they're easier to sell when you have a better yield. So he's got situation going where he's got higher, you know, chances to get interest. And all he's going to be doing telling his name on his main companies will be Goldman Sachs, JP Morgan, Morgan Stanley, and a bunch of foreign banks, HSBC and stuff like that. But that's how he's going to get rid of all that stuff. And he's going to tell them, boys, you got to get rid of this stuff. I tell you a funny story. I've said this before. We were selling stock. I was in a meeting every Monday at the Drexel. They had a meeting for stock. And one of the things uh that day was um oh I'll tell you that story on another time because Mike Moore will be our guest here in just a little bit. But it's a funny story about Bob Hope. We'll be back. Stay tuned. Mike Moore coming up. 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. 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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 Pesento'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. 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This portion of Trade What You See is brought to you by Directions 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, we're back folks and we have Magic Mike Moore in the house. They've nicknamed you Magic Man. What a great call saying that stuff was going higher. Where are we going in this crude oil, buddy? >> Thank you. How are you, buddy? Can you see my screen? >> I'm living living the dream. Yeah, coming in great. Everything is super. >> You want me to go straight to um All right, so we go straight. >> Yeah, let's do crude and Brent and heading oil and gasoline and uh you've been so spot on with these. They they really want to hear what you have to say. So, fire away. Well, before we start on crude, I would say that the crude and the heat are had broken to the upside, but the natural gas uh excuse me, the unled gas has just broken down. So, >> um that's or no, it's about to break down. Excuse me. Bear with me. If we take a big line, if we take out this line decently right here, it's going to take it's going to >> that's going to warrant a decent pressure for about 15 handles. >> And that comes in at 318 92. >> Okay. >> 31892 plus 13 per hour starting at 1:00 p.m. And a decent penetration. There's going to be 442 ticks until the uh excuse me, 395 ticks until the close >> and thereafter it's going to be around 442 ticks. But let me get back to the crude oil here. >> That's a big aberration with the gasoline going down with heating oil and crude up, right? >> Yeah. Well, that's because this is the arbob heat spread. We broke below this formation right in here this morning and it's just tanked ever since. So, uh I mean it's been bearish anyway, but let me get back to the crude here. So, the crude oil. Um the breakback above 6791, let me just back up a little bit. The breakback above 6791 has brought in strength up to uh 9682 and a load of other places in here that we've been long about. That was actually in the previous contract rolled into October and then October the break above 676.87 had brought in 1870 coming into today and a little bit more than that up to the 96.82 area. If we fail back down through this line right here which we're resting on right now that's going to warrant a decent pressure at 1:00. That's going to come in at 9514 and that's going to increase about two ticks an hour. And decent trade below there is going to warrant a decent pressure. And then a further break below the lower line which is going to come in at 9318 plus 5 12 per hour starting at 1:00. That'll warrant further pressure uh for at least $35, but more likely uh $5 plus. We break below that decently back up through it decently. Look for decent short covering. And the same thing too. If we break below this line decently and back up through it decently, I would reong. Also, if we leave a maintain gap lower tomorrow, that would leave a minor bearish reversal above on the day. >> So, going back into the Do you have any questions on that or you want me to go to Arbot? >> No, that's spot on. That's what they like to hear, those numbers. You've been nailing them pretty good. So, >> good. I'm glad. Um, I hope I summarized the ones we were had broken out of. Let me just take a quick go back. Take a quick look. I don't know where we were last time we were on. I think we're down here somewhere. We had um right we left this minor bullish reversal below. I think last time we talked and that's what we've been seeing up here. Or it may have been this bullish reversal last time we talked a couple weeks. All right, let me get back to the arb. So the arbob, I already spoke about this line. We also have another formation below that comes in at 31073 plus 9.5 per hour starting at 1:00 p.m. Eastern Standard Time. And that will have larger projections to the downside. Prefer to see a bounce off that line first before failing below it for better form. Um okay. And then in the heating well we have a gap open higher on the day presently. If that gap remains in place and tomorrow we gap lower that'll leave a minor bearish reversal above the heating well the we held exhaustion with a 36725 low. We rallied a $19.3 6 cents uh $19 and.36 that was from the previous contract. A number of other bullish calls on here and then in the October the trade above 40783 that brought in 68.78 coming into today. Actually that was from the previous contract too. Those had rolled into this. I I noted that um the 40 470 307 to 48876 area is a possible macroexhaustion zone. So that's this whole zone here encapsulated by this rectangle. We've held the bottom of it once here, rolled over second time here, rolled over and we're testing up in it again and we've just broken above this formation right here which is bullish. If we fail back down through that line, then I would that would should be an excellent shorting opportunity. That's going to come in at 47105 - 4 per hour starting at 1:00 p.m. Eastern Standard Time. And a decent penetration in there is going to be 534 ticks up until the close. Uh no, excuse me, 477 ticks up until the close. Thereafter, it's going to be around 534 ticks. Also, we have this formation coming up underneath it. So, if you're short below that upper formation, that would set you up in a good spot to already be short before we break back below this lower formation, which is going to come in at 46437 plus 27 per hour um starting at 1:00 p.m. And that'll also project this downward. You want to go over the Brent and the gas law or would you like me to go over the >> Yeah, I want to do I know Brent and gas and then to do natural gas. But yeah, that'd be great. The >> maintain gap lower tomorrow and the Brent's going to leave a minor bearish reversal above. Um we came shy of exhaustion low with the 7014 low and rallied $31.86. That was on previous contracts. that's rolled with a couple of these over into this contract. Those are all all hold in this contract from in the uh November contract right above 8225. I brought in 1870 going into this morning and a bit more than that today up to 10158. We also broke above a bullish formation here. If we fail back down through that formation, that'll warrant a decent pressure. That's going to come in at 9954 plus 2 per hour starting at 1:00 p.m. A decent penetration in there is going to be Let me back up a second here. >> Got to pay a few bills anyway, so take your time. We'll be back with Mike Moore, Magic Mike Moore of Nashville, Tennessee. We'll be coming in here pretty soon. 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 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 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 roadmap 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. 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. We're back with Mike Mor. More analytics. Please continue. Mike, >> Larry, how are you? Uh, I just want to deviate for a second and I wanted to show you guys a couple charts that I do not normally put up. Um, this is a heating oil daily continuation chart and this was a very significant formation that came in here that's been building since 2021 and we broke above it and then we failed back down through it and broke back above it again. So it had two failures and on the third one it represents an opportunity to be long again although not as much as the first time. So this is a significant formation. Breaking back above it warns this should continued higher. >> Could be very significantly higher. And in and coincidentally the Brent and the daily continuation chart also broke below a significant formation today and the line for that formation comes in at 98.86. This break, this break suggests that this could be projected to the upside $36. Now, how long would it take? It would probably take it could take up to a couple months to achieve the $36. But if it fails back down through that line solidly, that represents uh warns of that would warrant a solid pressure, especially because the heat would probably likely fail its one, too. Now, that line comes in at um comes in at 98.86 today and comes in at 9871 tomorrow. So, decreases about 15 ticks per day. And currently, you'd have to break back below that solidly. So, solidly today would be 104 ticks and after the close would be 114 ticks. Anyway, I just wanted to point those out because you don't see formations like this. Now, granted, you have to take these formations with a grain of salt to some degree because they are continuation formats and they are spanning multiple contracts, but nonetheless, you should be aware of these dynamics because from these lines, you can often see very powerful moves that la that can last for quite a while. Okay, we we left off on the Brent anyway. So, the Brent's higher on the day. Um, if we fail back down, we just broke above this formation here. If we fail back down through this formation, which is going to come in at 9954 and the 9954 plus 2.5 per hour starting at 1:00 p.m., that will warrant a decent pressure. And if you see a further break below this line, which is going to come in at 9735 plus 5.5 per hour, that'll warrant a decent pressure for at least $4 to the downside. And keep in mind, if we have a maintain gap lower tomorrow, that's going to leave a minor bullish reversal, minor bearish reversal above. And then the gas oil finally a maintained gap lower in the gas oil tomorrow would likely be leave a minor bearish reversal above. And in here the trade above 89659 bought in 563.66 so far. A number of other calls in here. Some of those are from previous contracts which have been rolled into this contract. And more recently in this contract, the trade above 1164 right here has brought in 232.75. And we had other areas to I suggested being long above at 128 126850 for 12825 uh 131944 for 77.31 and a couple other ones in here. If we fail below this formation right here, that's going to warrant warrant some pressure. That's going to come in at 136239 plus 92 per hour. Starting at 1:00 p.m. Eastern Standard Time, a decent penetration in there is going to be 12. Up until the close thereafter, it's going to be 13.4. Um, the other dynic dynamic you want to be aware of is the heating oil is the strongest of the three, the arb the weakest of the three, and the crude oil in the middle relative to one another. Also the natural gas rolled over the trade below 29590 that was the break below this line and then the trade below 29260 which was to break below this line as brought in pressure down to 282. We are approaching possible exhaustion level down here at 28150 to 27860. But it is premature for this to hold more than temporarily. Uh it wouldn't be scheduled till later next week to hold if if it would if it is a correction to hold anything more than temporarily. And the final exhaustion below that is 27580 to 27450. You take both of those out, we're likely going to be headed down towards 26680 and below. If we rally back above this formation, which is going to come in at 29460 plus.7 of a tick per hour starting at 1:00 p.m. Excuse me, I got that off. Let me redo that. That's going to come in at 29430. as of 1:00 p.m. and a decent break above that's going to be 36 ticks into the close and then it's going to be 40 ticks thereafter. Just to check one other thing. You want to take a look at the financials now. We'll take a look at the S&P. >> Yeah. Yeah, sure. Do we got to cover the gold and the S&P if we can? >> Yeah. Okay. S&P 500. Uh looks like we're likely going to leave a minor bearish reversal above on the day if we don't close this gap. What I mean by that is today's pit session high is 7665. Yesterday's pit session low is 7672 and quarter. We'd have to break above 7672 and a quarter to negate this possible minor bearish reversal above. And I mean, just as a backup, you know, on the show, we've been bullish since 3502. We've rallied 4,336.5 to the upside. A lot of other bullish calls in here. I won't get into all those cuz those are all on hold now. Then the break below 77950, it brought in 161 in pressure. That's off hold. And then just recently here the break below 7674 and a quarter projects this downward 130 minimum 810 plus maximum and we have come off to uh 722875 so far. Decent trade back above where that line comes in at 76 7711 plus 48 per hour starting at 1:00 1:30 p.m. That will warrant a decent pre decent strength. That would be an ideal long opportunity also because it would set you up to be long in anticipation of a break above this upper line which is going to come in at 7736 38. >> Mike, thanks for joining us, buddy. We'll have you again soon. Keep that great workout up, pal. >> Anytime you need to see us, let >> Yeah, stay with us. We got another segment. Stay with us. 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 tfnn.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. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. 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 then hit watch tiger TV. We're back folks with Mike Moore more analytics. Please continue Mike. >> How are buddy? So, when we ended up that was talking about the S&P, if we break back above this line, that'll set you up to be long before our break above this upper line, that upper line's going to come in at 7736 38US 22 per hour starting at 1:30 p.m. Eastern Standard Time. And a decent break above that will project this upward at least 110 points. All right, let me um jump into the gold. The gold just turned bullish today and give you a little backup as to where we've been here a little bit. We have been correcting against this move up from the lows. Okay, so we held exhaustion macro exhaustion with the 395540 low and bounced 799.6 and I said that if we continue it in a bonafide bullish direction the minimum target is 496360 that is now off hold. We had a number of other bullish calls in here. I won't get into all those. Then the break below 446280 or excuse me the break below 46 3690 brought in 307.7 of pressure break below 458860 also projected this downward 205 plus I think we talked about that on the last show we attained 259.4 four of that. Those are on hold. And then more recently, we had a break below some minor formations here. But the the break above this formation right now is now bullish. And that line's going to come in at 443430 - 11 per hour starting at 1:30 p.m. So you could buy against that. I would not reverse below it, but if we break below the line, that would be a bearish one. Yep. >> Thanks for joining us, buddy. We really appreciate it, folks. >> More analytics. Mike Moore, you got it, brother. >> Mike will be with us in a couple weeks, folks. May God bless. We'll see you on the flip side tomorrow.