May 29th Trade What You See with Larry Pesavento on TFNN - 2026

追加: 2026-05-30

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[00:00:43]Now, Larry Pimento.

[00:00:47]Okay, folks. We're going to start out here with the uh Philadelphia semiconductor index. As you can see here, we've completed uh two ABCD patterns uh right here. That was pretty good. And we only had this one only had a little three-day pullback, but if you measured that, you'll see that it went also up to the exact same place. What's interesting about this, I mean, the news is just, you know, knocks your socks off every day. How much billions and trillions of dollars everybody's making.

[00:01:15]And yet, it's only been here, look, we've been here for there's Monday.

[00:01:18]We've done this is this is actually where we are right now. We're actually down on the day just slightly. We just just turned negative just a few minutes ago. But uh that that that in itself is kind of amazing uh from my point of view. Now those of you that are old holders of Dell Computer, you should be very happy cuz it closed at 317 yesterday and hit a high of 460 today, folks. Up 40%, $146 a share. It's uh it's backed off about $ 35 $40 from that level, but that was really a big surprise. Now, it hasn't affected uh this one particularly, but that's where we are. Okay, now let's take a look at a few others that I think that are very important. All right, we're going to come over here. I'm going to get out of this one just a second here till I can get this out of the way here. Oh, I I showed you Microsoft and all that stuff. So, let me get over here and I want to show you the most important ones that I see. Now, this is the this is the uh first we're going to see the uh Dow Jones. Okay, here's the Dow Jones. All right. Now, uh today we're going to uh uh I don't know whether we'll leave another gap or not because it hasn't done it yet. But you can see we're making the three drives to I don't think so because it's trading at 50,600.

[00:02:38]So, it's still doing that just like we did here. Drive one, drive two, drive three, drive one, drive two, drive three. We have a gap here, a gap here, and a gap here. I know we don't have one today. So, but it is it was higher. Uh, but it doesn't mean it can't still go higher. Anyway, that's what we're watching. I believe these gaps are going to be filled and I think they'll be filled quickly and that's why I'm going to be making a prediction here like like I always do. Okay, that's the Dow Jones.

[00:03:07]This is the most important one right here in my opinion. It's the second biggest of the stock indices which is the Russell. Okay. Now, this goes back uh five years.

[00:03:19]There is when we were bearish. You remember back there uh this was the April low right here. That was the big sell off into April. That's when they brought in the tariffs and then boom and away it went. You notice we made drive one, drive two, drive three. Do you notice it made higher highs right here?

[00:03:36]This is a weekly chart, folks. Look what we've done here. We made a higher high.

[00:03:42]This was 240%.

[00:03:44]This one is 220%.

[00:03:46]Drive one. Drive two. Drive three. Boy, you have to hard time to get the old cowboy to buy anything up in here. All right, the next one we're going to take a look at is the uh there there's several big reasons why I think that that we're in big trouble here. And I know it's hard to believe, but there's a a very small chance of it. But I this is what I think. Okay. This is the one that's been running the market, folks. This is the big daddy rabbit. This is the NASDAQ.

[00:04:18]Okay. All right. Now, this is up to date. We are Well, I have to change this. I'm sorry, folks. I didn't change it this morning. We're up nine weeks, folks. Now, I want to ask yourself, how many times has that happened in the stock market where something was up nine weeks? Never.

[00:04:39]Okay. Uh I know it's hard to believe. 8 weeks was the previous This is our ninth week right here. And so, and not only that, but we're up seven days in a row.

[00:04:49]So, you add eight weeks up, seven weeks up, you have an asymmetrical bet. I mean, you really do. What are the odds? In fact, we got a weekend coming up here starting today. Remember, it's a Friday and an up week. It's almost impossible for the market to close down on a Friday and an up week and an up month and an up decade and an up year.

[00:05:12]It's almost impossible. None of these these guys, you know, they don't trade short-term like we do, like I do. So, that doesn't have any effect on it. It's going to be impossible for the market.

[00:05:22]What I said on the video, I said any of the markets that close, any of the four indices that closes down on the day, sell that because that's the weakest that you want to be selling. And it just so happens it and it still could rally.

[00:05:37]But it so happens that it happens to be this one right here, the one that I'm the most bearish on because there's your number right there. And look where we are. Uh uh we're trading at 29 uh 25 something like that right now. That's down 30 handles from the high. So it hasn't made a new high as of yet. Okay.

[00:06:00]Now there's there's others in here. I'm going to add them all up together to give you an idea of what I mean by an asymmetric bet. But John Jameson is going to be doing that anyway. So that'll make it easy to do. Now we're going to have to look at other markets around the world here because look at the this is up to date in the DAX. Okay, look at the DAX here. Drive one, drive two, drive three. I mean, when you see these patterns all the time, boy, you you better pay attention to them because those things really move around pretty good. Now, we had a couple of fabulous trades here this week. Yesterday, we were long the gold. If you remember, we were buying it down in here, folks. We hit we almost hit this today for 4600 $200 move in two days. I made $110 of that and left the other $80 on I made a little back at today cuz I bought some this morning. It was acting so bullish and made a little bit, you know, scraping around penny c penny cash.

[00:06:54]Nothing really big. So, those are the things that I want to be getting to.

[00:06:58]Let's get up here and start looking some other stuff that we want to be uh going to the uh going to talk about here as we go through here.

[00:07:08]All right. And we get up here. Uh, Goldman Sachs, we've already talked about that, so I don't have to worry about that. Oh, we got to talk about something uncomfortable, folks. We have a loss. I haven't had one in a while, but boy, this is definitely a loss. We bought that down in here and we got stopped out of it. So, that was a $400 loss in long wheat. And I should have reversed. It would have made almost all the money back. But that's a it's a surprise. But boy oh boy, sometimes you open that crockjack box, it'll really really surprise you. And that's exactly what happened here. And there was just no reason for it to it. It it it exploded to the downside, folks.

[00:07:46]Actually, you'll see what happens when it went through that number. You see when it went through that 382 number, that's where our stop was right there.

[00:07:54]Our buy was right there.

[00:07:57]Right there. Then it went through there.

[00:07:59]That's when it uh the proverbial stuff hit the fan. So anyway, that's what uh now then what do we do after that? So I have to look at this now on the longer term daily. This was the 382 on the longterm move way back here.

[00:08:13]Okay, that was back to the January low.

[00:08:15]It went through that. This is the biggest correction we've had in weed in quite a while, but I had to take my shot there. That was the best one. Now, I've got to wait because this big selling coming in is not usually very productive, but uh it certainly can be and that's why we're paying attention to it here. All right, let's take a little break here and we got some more to talk about.

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[00:12:14]Okay, folks. This is the well, this makes up for the wheat loss. We did hit our number here. We had a sell at 303.

[00:12:21]1303 got to 04. It's backed off a half a point. So it's at a little more than that. So that makes up for the wheat loss. So it's not a totally bad day. You notice that that move was exactly like that when we told you to be ready for it. It did it in the June contract. It didn't do it in the uh September contract. So we happen to be still in the June. Is trades for another two weeks. You can roll it over anytime you want to now. But uh that's uh that's what we were watching as we were doing the uh trade for the bonds. This nothing uh nothing bullish about this folks.

[00:12:53]We've been rallying 1 2 3 4 5 6 7 days up and that's starting to back off. Uh and stop and think we're 7 days up in the stock market and it never backs off.

[00:13:05]So that's what you're watching here.

[00:13:07]Some of these markets when they move around, they move around really fast.

[00:13:12]Okay, now let's move over here and take a look. Oh, we're rallying back here in the Od Dow Jones here. We we sold off for about a millisecond and now we're coming back. So, this is probably not going to work. But anyway, that's what it what did it stop at today. This morning, you can see uh on the thing we made a beautiful There's your 382 retracement early morning. Okay, here was the opening. Okay, then you pulled back. There was a 382 here, another 382 here. There was your ABCD. Here's where we are now. Now you see this is the we're getting into the last three well last 3 and 1/2 hours of the day. So if it's not working right now, that's not a good sign. So if we get anywhere near up to this level here where the cell was, which was up there at 1120, you don't want to be in it. So 1120, if you did that, that's where you sold it right here at 11. If you did that, at 5112 is actually I'll put that in there so you can see the darn thing. 5112.

[00:14:10]51,112 60 points away, which is not very much.

[00:14:15]So, that's uh what we're watching here with this right here. But, okay, let's move on. Oh, excuse couple frogs in my throat. They're fighting each other.

[00:14:26]All right, we'll get other things going here. Um the uh several reasons why I've already showed you the reasons why.

[00:14:34]Number of days up, uh number of months up, all that stuff. And you're coming into a long weekend. You have a full moon. And it's a very, very rare full moon, folks. Those of you that like Elvis Presley, you remember Blue Moon of Kentucky? Well, a blue moon is a two full moons in the same month. And that is one rare occurrence. So that's the other reason for doing all these things of I put all these reasons in here in the letter this weekend when we start uh looking at these things you know for coming in for Sunday but uh that that'll come in that uh that happens on Sunday morning uh the exact full moon comes in around that time and then uh the rest of it you know comes in later on. So, Sunday night, Monday, there should be uh some type of a reaction. If you stop and think of the probabilities from from the option sellers point of view, uh you have to do that because you're so you're two standard deviations away from the mean on all these things. So, every single index, okay, you've got eight weeks up, nine weeks up in the NASDAQ, eight weeks up in the S&P. Uh Russell Russell didn't do it. It did. It had us four or five weeks, but it's backed off.

[00:15:49]6 weeks did backed off a little bit, but uh and then the uh uh what was the other one? I can't even remember the fourth one. Sorry, folks. Anyway, then the statistics say that you have an asymmetric bet. In other words, you're putting on with a very small you have a stop in, of course, but you're putting on a trade that if it works, it will pay at least four times what you're risking.

[00:16:15]And that's an asymmetrical bet. Anytime you get even money, that's okay. 50% that's better. But when you get four times, eight times, 10 times, and you don't know what it's going to give you.

[00:16:24]The thing is that the odds of losing on Monday is very or Sunday is very small given the fact that you're up so many days and so many weeks in a row. It's never happened before.

[00:16:36]So that's all I can say, you know. So I have to take it, you know, that's what I'm watching. And I'm using Russell because I said in my video said if any of the indices closes lower on Friday any of them like to see them all close but I'd any of them sell the one that closes down on the day and the only one that's down on the day is the Russell and it's only down a little bit. It's down 10 12 points. Uh yeah 20 points. So it's it's it's interesting what what's going to happen here for sure. And if it doesn't close lower, then you don't sell it. You wait. We'll see what happens on Monday.

[00:17:14]It's going to give you plenty of chances to sell, folks. For God's sake, it's been up forever.

[00:17:20]All right, let's move over here and try to cover a couple things here in the currency markets. We'll get over here to the old Federal Reserve. Uh here's the uh uh this is the uh the euro. Okay, let me get this euro up on the hourly chart cuz we're jumping around all over here trying to make this ABCD to the upside today.

[00:17:44]There was your pullback this morning.

[00:17:46]Just absolutely this was real early in the morning around uh 4:30 in the morning. It was making a absolute beautiful A B CD pattern right here uh in the in the uh uh uh euro. There's your ABCD pattern. Well, this is the actual one right here because that's where you did the measuring from. You can do either one. Well, you do them both. So, there's from your high to your low. You can see there's two of them there. So, that's the main reason is you have that. Now, you got up to this level right here. All right. Now, that's not the ABCD on this measures a great deal higher. There you go. From that high to that there, it tells you you're going to get up at least to this level. So, all we're doing now is backing off just a little bit from the high. That's all is a little bit of correction here over a 3-hour period. You've come down and you probably have not even made a 382 retracement off of the bottom. Let's just double check.

[00:18:45]Well, that's where we are right now.

[00:18:46]We're just making it just a little below the 382 of that. It's trading a few ticks below it. So, it has a little bit of a bearish bias. If we look at the AI program on this, and we just did just a second ago, you could say that you have a well, you certainly don't have a bullish bias in here. You have a bearish bias. Even though this one didn't line up too much, this one certainly did. So, we're starting down from that level right there. Okay? So, that means we should start going lower. Now, if we get above that, that means that would have changed and that would be a totally different thing. Boy, I am having a real difficult time breathing, folks, because my sinuses have uh we have rained here three days in a row here in the old PBLO. And uh always not a fun thing to do. And we'll be uh looking at it uh over boy, that Dow Jones, it doesn't want to back off at all. Shut the front door and raise the rent. I couldn't be looking at something wrong, but I'm just glancing at the Bloomberg as I'm looking at that. No, I'm looking at it right.

[00:19:49]Yeah, see it just popped up right up in here. So, if it doesn't start going down here pretty soon, then I will be out of it because that's where I sold it. And I'm going to keep my stop in there and see if it's going to work. And if it doesn't work, I'll look at something else.

[00:20:05]All right, we've covered the main things that I wanted to do. Now, I'm not going to I on this particular program right here, I'm not going to go into all the foreign markets. I looked at the NASDAQ, of course, not that's not a foreign market. the the uh German DAX uh looked at the Footsie. All of those have not made new highs, not even close. The New York Stock Exchange index never even didn't even come close to it. In fact, it's it's up to date here. I'll show you that one here and then we'll move on after we have a break here. Okay.

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[00:24:41]All right, folks. This is the New York Stock Exchange Index. You can see here we have three drives to a top here.

[00:24:47]There they are. There you also saw the last ABC BC. This was the high we made into the February 28th. Then we had the big break down into April Fool's Day.

[00:24:56]And boy, since that time, that's been it's what it is. If you've been short, you've been foolish. Uh it's been a heck of a move here this past month. But like I said, I'm looking at a lot of different things here that tell us, yeah, maybe this is a spot where we're going to run into some uh some selling.

[00:25:13]And that's really what we're looking at.

[00:25:15]Take a look at Bitcoin here. You can see here, this was our 382 retracement here from that level right there. That's suggesting that we shouldn't be going down. But it could stop right here. And let me show you why, folks. This could be a very positive thing. Because the last time we had a major move down, which was right there. Just move that.

[00:25:35]And I'm going to clone that and go over and show you cuz what we've done here.

[00:25:39]Whoa. Stop the music.

[00:25:42]See, we've made another symmetrical move. we see just like we saw some of these other things we're looking at. So that tells us that's pretty good support. So if this breaks, then that's when we're looking. We rallied uh almost 2,000 points from the low that we made yesterday. So that's a good sign that that's holding up and it should given the fact the Dow's up 350 and the S&P's up 16 19 or 20 what? I can't even tell.

[00:26:08]And 48 or so in the NASDAQ. What I've done is I'm going to be going through all of these.

[00:26:15]Hold, excuse me a second. I'm going to be going through all of these uh one by one in the newsletter and then John's going to do the commentary on it because the the information that he had. Oh my goodness, I forgot the most important thing. This next coming week, folks, is going to probably be the most important week of the year because I believe it's either June 4th or June 8th. they bring out margins are changing for the small trader to day trade. In other words, you don't have to have $25,000 in your account as of next week. You only have to have $2,000 in your account.

[00:26:58]I'm sorry, folks, but but if that if that doesn't scare the beeies out of you, nothing should. I mean, well, why should anything scare you? margin debt is $1.7 trillion and no one cares about that. So why would anybody care? We're almost at the bucket shop area of 1929.

[00:27:16]Folks, I didn't even realize this until today. I was watching something from a uh uh pro uh advertisement for Interactive Brokers. I have friends that have Interactive Brokers accounts and I like I met Tom Ped. He's a great guy. He really cares about his people. But they have a thing called uh prediction betting. I don't know what it's called.

[00:27:41]Uh I it's I it's got a special name to it, but if you bet 23 cents on something and you get back a dollar, you're betting on whether the uh sun comes up in the morning or not. I It's just It's just crazy. It's called predictive betting. And I had never seen anything like it. I don't know what it is. And of course, you know what do I know? I know ABCD, nothing else than that. But if that's not indicative of something being really crazy, remember in 1929 for you know nobody remembers this, but if you read a book called Only Yesterday by Frederick Scott Lewis, you will read about the big thing that was happening back then and it was called a numbers game. This was started by uh the Greeks and the Irish and the Italians and basically could put a dime or a quarter and it paid you 200 to one if you got all three numbers. 200 to one and boy they lined up one after another.

[00:28:38]One after another folks the payoff on three numbers is a th00and to one. So you see person making that bet has less than a 25 oh way less than a 25% chance of winning. That's a nonsymmetrical bet. So but that's how the lotteryy's numbers got started back in those days and and it still goes on.

[00:29:01]They still play them in in big cities, but uh not so much LA, but then East Coast they're still very very popular.

[00:29:07]All right, so there's where we are right now looking at this uh where are we doing here with the other stuff here?

[00:29:14]Oh, crude oil. Okay, crude oil. Here's another one. We've been bearish crude.

[00:29:19]This has been very good to us. You can see here we had the big break here. This 8 minute. Let's get up to the something that we can realize here because this is where we became bearish here yesterday.

[00:29:29]Uh, excuse me, day before yesterday.

[00:29:31]There was your ABCD pattern right here.

[00:29:33]We're still heading down now. We're almost at the We're almost at the Well, we have made the objective. What am I talking about? We certainly have. Just a second on this move. We're here. We certainly have. So, let me uh draw that in right here. There's your high right here. There's your low.

[00:29:51]Oh, we're not quite there yet, but boy, we're really close. That's down around 85. Moving over just a little bit. Well, you've got some other ones in here that could even make it lower, but that's a that's a pretty big one right there. A BCD. And then we got another one right behind it right here.

[00:30:09]that's going to get Oh, you see how they're lining up here? Looks like they're going to make an announcement here that something's not working.

[00:30:16]Anyway, there will be down at that level right about here. But folks, remember this is when let me get the the 4hour chart because you can see this had some various implications way up here. You see how you had lower tops? Once you broke once you broke that 382 right there, that told you the trend had changed. So, what did it do? It rallied up to the 786. There is your 382 right there. Now remember, this is a 4-hour chart, so it takes a long time to do that. So if that's the high right back here, and you measure the 382 from that level right there, that takes it to right there. And there it is. That's the place to sell. 1 2 3. That means it took 12. Took 12 hours, half a day to make that 382 retracement. It's gone from 99 $13,000. Oh dear. What do we got on the on the mark, folks? Get ready. There's going to be something happening come out of or wherever it's going to be because we got to drive one, we got to drive two, and we got to drive three. I mean, almost the way it's supposed to be.

[00:31:20]Let's just try it. I was a poet and don't know it. There it is right there.

[00:31:25]Boy, real close. That's probably exactly 1618, but uh let's take a look at the AI and see if there's anything that'll tell us. Oh my goodness. Here's where we are so far and I haven't looked at it, folks. Honest to God. Okay, here's where we are. We're having a little bit of a rally right now, but that has a negative for the rest of the day. So, I can't can't really touch it. I have to wait and wait for that another number down here, the 87 based on that 4hour chart.

[00:31:52]That's such a nice setup down there that it gives you quite a few numbers uh right into that level. All right. And we did the uh we did the other one which was the hourly I believe. And that told us we're going to be right down here very very shortly which is about 85 bucks. Uh yeah $85. That's another $2 a barrel lower than where we are right now. If we blew it up a little bit more.

[00:32:19]Yeah, we've got it's got to be got it's got to get down to that level right here.

[00:32:24]Yeah, it's uh it's it's heading down that way. So there's no reason to get too excited about it now. But remember, this is a weekend. Oh, we got to be ready Monday or Sunday. Yeah, for sure.

[00:32:35]Okay, we'll be back. Uh-huh.

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[00:36:24]Okay, folks. We're taking a look here at the uh dollar index over the past 78 month. Look at these ABCD patterns, folks. I mean, come on. I didn't do with these the here, but look at look at these. I mean, they're they're just absolutely amazing. And and they work.

[00:36:39]They don't work all the time, but by golly, they work most of the time.

[00:36:42]There's a b c d extend quite a bit because of that. Let's just see. I don't want to spend any time with it. The only the only reason I'm going to be bringing this up to dollar cuz see how those gaps that means you have to increase that by 127 and you got another one right behind it, you know, uh right in that area here that takes you up. There's a three drive pattern right there, folks. Look, one two three. That three drive. That's a beauty, you know. Anyway, that's pretty much it. And uh anyway, that's uh pretty much it. I What I don't Well, I better get off my soap box. Anyway, that's where look, we get hit 618 here, 618. So, it's going to be in a trading range for a while, just like we're looking at the euro. Now, we're going to take a look at the British pound cuz uh we've made some pretty good headway down here. We stopped at the 618. We're having a two-day rally. We got a chance to get up here 13590. It's follows the ABCDS just like everything else. There's three drawings to a bottom. ABCD ABCD.

[00:37:46]Uh anyway, uh we'll see what's happening. So, that's the way we're looking at it. Uh, okay. We did the crude oil. Get that out of the way. What did I want to cover? Oh, soybeans. Let's get up here, folks. There is uh the El Nino currents in the South America area are getting to be pretty pretty warm.

[00:38:07]And that means anchovies are flat out disappearing. So, you got to get ready to buy some soybeans here pretty soon.

[00:38:14]Now, these are July beans. What you should probably be looking at is November. We'll look at those later at another time, but you can see with along along with the uh others. Oh, look at this this morning. Oh my goodness. It opened higher. Wow. How did I miss this?

[00:38:30]Shut the front door and raise the rent.

[00:38:32]Wow. We That was probably ex Let's go to the hourly chart cuz that looks exactly 382. Sure is. Yep. That's going to be it. Very very close. There's our X here.

[00:38:45]Right here. X A B CD 50%. I stand corrected as always. And look how we're coming down here right now. That means we're going lower. So if we get up here at this daily, what we'll do now, folks, I will not be looking at July beans cuz these are the ones that are already in the bend. The July beans, the new crop will be in November. So these are soybeans that were harvested last year. And uh these are not the ones that'll be growing. The growing ones will be in November. We've got to I got to write myself a note for that right now to get into November beans and start looking at it because I'm I'm very bullish. The grains and all this stuff on a longer term basis. Look at see where we've gone here. We had this hell of a run. Nobody wants them here.

[00:39:35]There's your ABCD to the downside.

[00:39:37]Nobody wants them. There was your high.

[00:39:39]Here's where we are now. We're heading lower. Just looking at this right now.

[00:39:43]You can see that we got a bigger ABCD coming in here at least down into that level. And there's another one right behind it. So that's going to tell you that there should be something at that level. There it is. It's down here a little bit lower. Uh 1160 down about another 26.

[00:40:02]Let's see what the 382 is on this.

[00:40:05]Didn't work in wheat, but that don't mean we keep to keep watch. Oh my goodness. Yeah, that's where we're going. We got two ABC knees and everything here. Uh 23 cents lower in beans. So keep an eye on that folks.

[00:40:17]Very very important. Okay. At least from my perspective. You went back and looked at that before.

[00:40:25]Look at that. It doesn't even get to a 50% retracement and just stays right at the between the 382 and the 50%. Then that's where we're going to go back again and probably test the same thing.

[00:40:37]Boy, can't breathe very well, folks. But we only got a few more minutes. I'll get through that without too much trouble.

[00:40:43]All right, let's take a look at soybean oil because that's been the leader of the pack.

[00:40:49]And with this should be selling off quite Oh my god, it's up on the day. How can that be?

[00:40:55]You got crude oil in the sewer and you got soybean and and this is no way this should be up, but it is. This has got to be the fact that soybean oil must really be wanted. Look at this folks. This is a monster move. This is the kind of move that got me out of my my whole I remember I lost all my money back in ' 74 during that five-month period and then I didn't trade for a year. I read the Gardley book and studied all those patterns and that's what saw me look at that one of my mentors what two of them o Oscar Mclair and John Herd you know they was professional soybean traders and they were they were watching the El Nino currents back in those days too.

[00:41:34]That's what reminded me of it. So this is when it all happened and I I caught a move like that over a four or five month period in early 76 and I've been doing it ever since. So anyway, that's pretty much it. But there's very little here.

[00:41:48]You can see here you very few ABCDs in here, folks. They're the only one you have here. Well, you've got two little ones, but this one you have to count it.

[00:41:57]But it doesn't really give you any high of any kind at all. Now, here's a pretty good one. We've got a If you look at this one here, this is definitely an ABCD, but it's not a 382 or anything like that, it's a 23 or 39. That tells us we could be getting up to this level here, 85. Wow. Let's see what this one was. This has been a really, you know, I haven't looked at it, folks. Honest to God. I mean, it's one of the things I love to trade. And there's your 382 right here. We're hitting higher. I don't see any reason why this is not going to go higher. That means meal which is 100% protein must be getting the kabuki kicked out of it. So let's take a look at the meal and we'll see where we are. Look for down folks. Not very much. See here's another one. This is protein. This is what they get the anchovies for. They hate to do this in the cattle business but if it gets too expensive they'll feed fish meal which is uh anchovies to the cattle. The problem is the cattle sometimes taste a little different than what you might think they do. And you know what that means? Okay, get this out of the way here. There's your ABCD leg coming down on this one right there. And that means it's going to be back into all this big support area.

[00:43:18]Right in this area right there.

[00:43:21]Then over a little bit here.

[00:43:25]Yeah, it's pretty close to what we'll be watching. Watch where move him meal down about another $9. That would be equivalent to about 20 cents in the uh in the beans too in July beans. But I don't don't buy beans yet, folks. I have to do no November beans. That's the one I have to do cuz it's going to be a lot cheaper. I've got it written down. I just wrote it down. I will work on that over the weekend. That'll be one of the charts that we'll have for the uh futures market come in. We'll look at be looking at December corn, uh, December wheat, December oil, and December meal.

[00:43:58]We'll put those in there. This you'll be able to see all of them that this is the new crop, the stuff that hasn't come in because if the hot weather comes into the Midwest, starting around Labor Day, which is right about now, and it's it'll sometimes those high pressures will hang there for weeks and there's no water coming in with temperatures above 90°.

[00:44:19]Stuff dries out like you can't believe.

[00:44:22]I know a lot of it's under irrigation, but a lot of it isn't. That means yield will drop, prices go up. So, we've got to be watching for that. All right. Now, I think we're almost to the break, and we'll be right back, folks.

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[00:45:27]>> 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 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 247 right under the newsletters tab.

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[00:48:06]That's tfn.com then hit watch tiger TV folks. I'll start with the uh end with the Dow Jones today, folks. I've lost my voice. We have three gaps here. Gap one, gap two, gap three. In 196 years, there's never been a gap. This one filled. Now, remember that we got two more days in here. So, it's up against this high again. It hasn't taken that out. It probably will today, but that's it. The gap is still there, though.

[00:48:42]There's a gap here. A gap here. I watch it cuz it didn't it didn't fill. That's an important thing. a gap here and these little gaps will be filled. Okay, that's the main reason. The second reason is with the nine weeks up in the NASDAQ, never been happening before. 7 days up in the stock market only happens, you know, 10 15% of the time. Okay, those are the main things that I'm watching plus all the other statistics that you look at it. My goodness. and the three drive to a top patterns that we see everywhere in the in the uh my gosh there in the hanging in the uh uh DAX uh in the Footsie uh Dow Jones there's just a lot of them around. So that's the main reasons why I have this bearishness here and why I will be short here over the weekend if the market closes whichever market closes lower. Now the Dow is up 300 points. So it's not going to close lower, I don't think. And S&P is 12. It could do it. And the Nasdaq is 30.

[00:49:47]Russell's already down 20 points on the day. So that will probably be the one that will most probably we will short.

[00:49:54]Now, how we handle that is on Sunday night. If it's sharply higher, we'll be out of it and take a loss and that's it.

[00:50:01]But if it opens lower, then some some some exciting things could be coming. I don't think it has anything to do what's going on over there in the Far East because one day it's a bear, you know, one day it's bullish, one day it's bearish, but they still goes up. So, there's nothing to do with that. If it did, there'd be some wilder swings. These swings are wild, but they only last for a few minutes, folks. We'll see you on the flip side on Monday. May God bless.