 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good afternoon folks. Welcome to the April 26th otherwise known as the terrific Tuesday edition of today's Trader's Edge show. I'm your host TV perseverance Rhodes Who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past. Hope everyone out there is having a great day And let's make sure we have an extraordinary one of the easiest way to do that So always remember that life is happening for us not to us That's right. We need to make that one little two-by-four shift Means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you And I just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here But more important than that and that's this during this next 60 minutes I'm here to serve you so feel free to pick up that phone You can dial on at 877-927-6648 if you can't dial in we've got you covered there, too You can always send me an email send it to Steve at tfnn.com inside the subject heading Please put radio show question, of course inside our Tigers did well any and every ping will do So let's go ahead and get this show started on terrific Tuesday forces is tiger Financial news network. I'm Steve Rhodes. Welcome to Lush show right now get all the US indices trading to the downside of bloodbath out here You've got the Dow off 519 S&P 75 Nasdaq 376 Russell's down 38 Some eyes are off about a hundred trammies down 307 New York Stock Exchange off about 200 Golds up 9 bucks 1905 is the print Silver's off 9 cents like we crude up 378 10231 is the print there Natural gas is up 29 cents. She's trading at 696 in the 30 Treasury up nearly 1.142 is 1630 seconds is its print arch resources a leader out there dollar wise the upside 28 bucks heroin Williams 23 bucks paid in the town green. That's nine and a half percent roper technology 16 bucks alpha Metallurgical resources up 14 bucks the rural pool off 9 to the downside is Amazon up 180 bucks about 3 and 7 10s percent Tesla 105 11% Chipotle 78 5% googled off 69 3% booking holdings 50 buck runes and that's off 2 and a half percent out there So I want to look at folks what you want to look at. I do have one request in will hold off on that just for a moment Let's go take a look what's going on inside the markets I think just simply here what we're going to do is just take a look at the end queue We'll take a look at my More of my shorter term time frame set of tools out here now We do have the daily that's on the upper left hand corner. You can see that price of we're trading below the low of yesterday That's suggesting to we're trading below right now. It's TD 9 cal breakout level Daily time frame that's at the 13 417 level that suggests we get back and we test the lows of This is March March 6th of March 15th is the low. Let me give you that number here that number is 12 942 50 now could take that level out if it doesn't we would have an a to b equal cd to the downside We could have even a consolidation measured move break, but right now That's what the daily time frame is indicating to you and I the five-hour time frame is indicating the same thing now This bar here completes at 2 p.m. Let me just make sure of that Yes, correct 2 p.m. And if we do get a close below the low of 13184 even Steven we're 13148 we had a close below 13184 a TD 9 count will have been negated that says that we had lower That's what its signal would be no bottom signal on the two-hour time frame chart No bottom signal in the 60-minute time frame chart no bottom signal on the 30-minute chart Although I take that back you could easily we've got an a to b equal cd to the downside But price is gonna need to close above 13 254 to You know suggest there's something there right now you're below the oscillator and change line It's red. So that's not good. So I'm not seeing any kind of a bottom pattern per se or anything to suggest that the markets are gonna do Anything right now other than head lower we would change our opinion if Price could take out 13 275 you get above 13 275 and then there's something else going on more for rally But right now that's not the parameters that we're looking at just simply so just simply something for you to note on your pad of paper To keep track of in case that happens, but at this date here looks more like we're headed to the downside Let's go take a look at the ES mini take a look at these two now This one here will go back to just the normal set of eight panel charts monthly weekly monthly's got a TD 9 count top Suggest price can get to 37 20 Weekly has a roads meant to mitigate her top price has already gotten to 41 26 75 if price closes below that That's how we know we're getting down to the 37 20 level You've got the ES mini and that is trading below the 42 39 level That's the breakout area and if price closes below that that suggests we get down to the lows out here of February yeah, February 24 slow and that's in the price range of about 4094 out there so watch the 42 39 level today By the way on the end queue I just want to share with subscribers out there So if you're not a subscriber close your ears And that is at the new the profile that we were looking at this morning. It's not there right now So, you know that that appears like that may not form come the end of the day back to the ES mini out here I don't have any kind of bottom signal on the 30 minute time frame chart nor on the 60 minute The hundred twenty minute is testing a prior rosemont and indicator bottom. So that is there and In the five hour chart, so I'd say the five hour chart, which also this bar here closes at 2 p.m. A close below 42 18 15 we're 42 14 right now when the gate the TD 9 count and that would then suggest that we head to those February 24th lows out there So I think it's pretty easy just to focus on the end queue and the ES mini watch those five hour time frame charts Watch those levels that we took a look at you close below them That's a pretty decent signal that the markets will continue to head lower out there We got about a minute here before we go to a break a Hector wanted to take a look at the energy sector Hector and Patty So we're going to switch over to that and they will actually read Hector and Patty's question out here So give me a moment. I think we're going to I think I haven't set up Let's see do we Stevie? Well, where'd you put it? Here we go So Hector and Patty right in and Hector and Patty right in and say Happy Taco Tuesday back at y'all though I think today just might go over to the beach club and have some scallops or something But we'll consider happy night, you know, I'll have a corona with that there we go The XLE is on the ropes but still holding up thoughts on the weekly OUL support and resistance and the second question is global capital fleeing to American banks So two different questions one about the energy sector the next about the financial sector with regard to the energy sector Longer term when I say longer term I'm referring to the monthly time frame chart monthly time frame chart most certainly ran into resistance That's at 79 11 a price able to close above 79 11 That's going to suggest that we run all the way back to the July 2014 highs out there. There's no topping signal But sometimes just getting back to a breakdown level is all that you need So the key area to be watching Hector and Patty is 79 11. That's coming from the monthly time frame chart And what we'll do here because I hear music in the years the weekly chart has rose meant to Mindicator top out here, but as Hector and Patty pointed out. It's holding up pretty well Why is it holding up pretty well because price is still above the top of its profile, which is 70 50 we get back to this break We're going to go finish answering Hector and Patty's questions. Of course folks I would love to hear from you as well. Steve at tfnet.com See you in a few Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading Knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's Market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors What's separating you from the most successful men and women on Wall Street? 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We generated or it generated a bearish engulfing candle That confirms roads meant to mitigate our top the price above the top of its bearish structured Weekly profile the key level of support here quite frankly would be 6602 the price above 7050 the top of the profile So we've got a neutral signal there Somewhat neutral in the monthly time frame. We do not have we do not we do not or do not have a neutral signal When it comes to the daily time frame the daily time frame forms a roads meant to mitigate our top Does that a couple of days ago and then yesterday we gap down or it gaps down below its breakout level of support Hector at 7534 below the bottom of its fuller structure daily profile. If today closes below 7558 that would be too consecutive. Is that correct? Let me just make sure I think it is 7558 yeah, we close by 7558 we're 7547 right now Then you'd have two consecutive days below the bottom of both structured profile Could actually be setting up the C point of an A to B equal CD to the downside could be don't know if it is but could be And that would then take us into the 6726 ish area out here So it was holding on until yesterday now Because it's only one day Hector below the bottom of the daily profile We have that two-day rule the two-day rule would say if you do close below it Then a counter trend move would find resistance at about 7623 in the center of that bullet structure profile But if price can close back above the bottom of that daily profile at 7558 then yesterday could be considered a false Breakdown so we really won't know Hector until we see where traders price this at the close today Well, that's a daily time frame chart. So let's see what else we have out here We take a look at the interday time frame charts for example the 195 Don't have anything out here that shows bottom other than price holding this breakout level sport is 72 31 I said and chains on recently changed colors. Looks like that test is basically about done. That's a bearish test Nothing that I see on the 130 minute chart no bottom signal in the 65 nor in the 30 And I'm not gonna worry about the 15 which didn't have roads meant to mitigate her bottom Price ran into resistance Hector at 7684 the TD 9 count breakdown levels So for the day you can watch 7684 price gets above it We should see a further rally 7717 and above that then we can get up into Higher levels But that's what I see when I take a look at the energy sector. So I don't think we have enough information Until we see how the day closes. So I hope that helps you out You had another question which was about capital fleeing to the US She says capital fleeing to the American banks out here So to do that signal Let's do this here. Let's change screens You give me a moment. We'll do that. We'll get to the black background screens momentarily and You know, here's what we know about the XL left yesterday was a very positive message What do you mean Steve? Oh, well, the XLF actually tested its swing point for March the 8th That's a let me just expand out the daily time frame chart out here. That's its swing low that is in question out here To a certain extent you almost have a three drive to a bottom But not not enough of a third drive just yet to get there But here's the deal yesterday tested and rejected the swing point for March 8 that swing point for March 8 Did volume of 115 million shares yesterday that was tested with 91 million shares So you have one of the sectors inside the S&P 500 that has rejected price Now if you close below 35 49 today, even if it's on lighter volume, that would be a That would say well yesterday signal may have been a false signal out there It would say that you could head lower the head lower head lower to wear good question You bring up this next set of swing points, which take you back into the July 2021 area down into about the 3490 but right now. This is held support is held Which was a retest which was a test of that swing point the weekly chart says, you know Guys gals out here. I'm trading below trend line I'm trading below the bottom of its profile and if I close below 36 away at the end of the week I'd save that I want to go make a move to 33 36. So right now the XLF looks good as money flowing into the banks Global capital wise. Well, here's what the global It's hard to say It's hard for Stevie to say out there Here's what we do know and this is the chart here that is perhaps the most important detector And that is if we take a look at the euro now, this is a line chart That means we're only looking at closing prices and on a closing basis if price the euro that is we're to close below 1.05 1 There's nothing to stop the euro From getting all the way back. No, there's no basis. Don't nothing no swing points. Nothing of significance And that would suggest that price would move all the way back down to the 2000 lows And actually get below par out there and if that happens you can see how close that we are right now If that does happen Hector, then we're likely to see euros Flowing to the US in the US being US dollars US stock market out there Things of that sort. So we're getting pretty close. I guess that what that really means is that since you asked that question We should go take a look at the euro, right? I mean we're looking at it here But shouldn't we take a look at it a little bit more in-depth and try to understand what it's a message is for you and I So let me see if I have those charts here Believe I do and let's go switch screens here We're going to go to an eight panel screen to understand what the euro is communicating to us because it's going to help Pat or Patty that's going to help Hector patty and Stevie as well as you help understand Where the global flow of capital may come so now we've got the eight panel chart We can see on a monthly basis nice TD9 count top at this month the month of April is going to become bar number nine Price is making its way through a breakout level on to its next level. That's at the 1.049 area So you'd say that a close below 1.049 remember I had the 1.05 because we're looking at a line chart out there you close below 1.049 odds favor that we start to see that Big move to the downside. I remember on a TD9 count it can bottom on bars number eight nine But it could also bottom on the bar following nine So it could be that the euro puts in some type of nice bottom It could be this month, but more likely than not it would be during the month of May the weekly chart here supports that What do you mean stevo? There's no bottoming signal There's a roadsman to indicator signal has been triggered but needs a bullish reversal candle price below the asset and change line Looks like the euro wants lower price below the red oscillator and change line on the daily time frame No bottoming signal price wants to head lower I see a 60 minute TD9 count bottom, but that red oscillator and change line continues to act as resistance a 240 minute TD9 count out there, but prices below support It's red oscillator and change line that maybe where price bounces up to but the euro is looking like it wants lower price That's specifically coming from the daily and the weekly time frame as well as really the monthly by breaking through its TD9 count breakout level at the 1.07 area So Hector this is this in Hector and Patty These are really the areas that we want to watch because I do believe if we get below this Let's just call now 1.049 4 out there. We're likely to see a waterfall move to the downside That could be a slingshot move to the upside in the US stock market So hope that helps you out Thanks much for the questions and have a terrific Tuesday a taco Tuesday to both you and Patty next question That's coming in is from my David in Panama City and David says give me your perspective on lamb research You've got the 500 calls expiring this Friday ticker symbol there folks is LRCX I'm gonna take a look at that when you get back from the break in case you want to make your own Assessment and see how it matches up with the charts that we're gonna go take a look. 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So we take a look at lamb research out here We've got our eight panel set of charts out here. You know, uh, what sticks out to me. David Is 195 minute time frame chart and 195 minute chart. I'm just going to expand this out You're asking, well, let's get back to 500 out here and it already gave you that gift What we had out here is a td9 count bottom that took place at 1245 This was on the 18th of uh, april Yeah, the 18th of april and then at 1245 on the 20th of april two days later Price gets up that 498 27 level. That was a td9 count breakdown area And then there's since pulled back now, there's a new profile that is formed It is bearish and structured on this time frame 195 minute chart As long as price able to hold the bottom of that profile, which is at 463 69 level You could see moved to 481 97 491 10 or 498 27 Man, if you could get up to that 491 10 area out there, I'd probably go ahead and cash it on the end But that's what the 195 minute time frame chart is telling us that's Daily chart doesn't have anything good Out here. You've got a negated td9 count bottom That was negated back on april the 14th out there price is now just consolidated with inside its daily profile So you want the bottom that to hold that is at 462 55 Resistance there is at 485 66. That's on the daily time frame. So there it says hey, if you get up to 485 Go ahead and cash that out, but I don't have any indication that that's what price is going to do Now if we look at the real short term time frame charts out here The 30 minute has confirmed a rogment of indicator bottom price is just consolidating with inside its profile What you need to see there David is a move above 469 48 That's the top of the 30 minute profile if you do that if it does that then you might get up to that 486 level Maybe even 500 0.88. That's the td9 count breakdown area in the bottom left hand chart. That's the 130 minute time frame chart out there um, so i'm pulling for you, but It's not looking great But here's the deal The deal is you got the bottom of the weekly a daily profile of the cell the 195 minute profile itself You've got a bottom signal in the 30 minutes. So maybe you're going to get a bit of a bounce here But that's all that it looks like at this moment in time Quite frankly the monthly charts the weekly charts look pretty bad the weekly chart If we it's got no bottoming signal It's trading below its second breakout level, which is at the 473 area This suggests that lamb research could get down to the 332 Area out here that would be its next level of support to go target And on a monthly time frame with the roads went to minicator top and trading below the bottom of its profile 267 is a possibility as well. So david h in panama city Thanks much for writing in and i do hope that that helps you out and have a terrific tuesday We did have a couple questions that came in uh from the tigers den And uh, so there were two of them avgo is one which i'm going to get fired up on my charts here And we're going to go ahead and change screens because the second one was uh valero Yellow is a ticker symbol and the case of valero what the request was Was just for let's get it up here was just for the profile levels. I believe that was for mr bill And uh, mr bill for something else you need, but please please go ahead and retype that in Here in the main chat room and i'll certainly provide that to you But right now you've got prices trading right up into resistance mr bill That's the top of its daily profile and that's at 105 82 we're trading 105 75 So we've traded above that today But uh right now, you know, it's trading right and that's the only level of resistance that you have on valero Because price from a profile standpoint because prices trading above the top of the weekly and the monthly profile So just the daily that you're dealing with now what valero also did today was a tag The low of its april 19 swing point that april 19 swing point had 5.1 million shares You have tested that today with 4.2 million shares of 134 So you're moving into a swing point with volume even if price closes below 107 38 odds favorite price will be back up there because you're testing that swing point with volume Maybe it's even going to go ahead and take that out Is there anything else that I can provide to mr bill? I don't think so I think that's all that you were looking for But again, as I said if you if you need something else, so please let me know And we'll go from there The next question was to take a look at Avgo avgo So for that we're going to go ahead and switch screens out there We've got the white background screens populated with its signals and as we take a look at avgo that is broadcom We can see that on a monthly basis you've got a td9 count top Price now below it's oscillator and changeline That's a gist at over time price wants to get to the 522 477 level the weekly chart for broadcom What does that show us the weekly chart shows us what? Wave number seven that's letter g So you get the seventh inning stretch price below the bottom of its profile very likely price is going to go target It's what the june area and that's in the 513 range. That's the weekly community chart the daily time frame chart for Broadcom tells us what? Tells us that price is negating a td9 count bottom as we speak So if avgo closes below the bar following bar number nine, that's low of the pattern That's at 57286. That's from april the 14th That's going to suggest. Well, you could even have an a to b equal cd to the downside So what steve needs to do here? I'll leave the white background charts up But let me go take a look at the volume matrix On the black background charts and see if avgo broadcom Is in fact taking out a swing point So the swing point that you and I were taking a look at the actual swing is 57285 418 volume there was 2.1 million shares you're already into a 1.5 So it appears that what you're going to get in broadcom today It appears that way. We won't know till the end of the day and it's closed But you may be getting a confirmed a to b equal cd to the downside Your initial price projection there would be 543 that would be the one to one level And at 523 you'd be at the 1.272 expansion So the monthly says i want lower price the weekly says i want lower price the daily is now giving you that signal I want lower price the 195 the same thing out here You do have a td9 account bottom that's going to complete on the 130 minute time frame The same thing on the 30 minute or so it appears But uh bigger term longer term bigger picture out there looks like broadcom wants to actually head lower So I apologize. I don't recall who asked for that inside the tiger's den But um, hopefully that answers All of your questions s and p Wants to take a look at cliff's natural resource. I believe that's what a clf is a ticker symbol So we're going to go ahead and let this populate out there I'll get this going on my My other screens out here just so I can give you a little bit of narration while this is updating itself So this is cleveland cliffs not cliffs natural resources cleveland cliffs It's right now It's trading into the bottom of its daily profile in the bottom of that profile is priced at 2721 your 2707 Out here you are trading into the center of its weekly profile. You're below the oscillator and change line And you've got a td9 count top. So this suggests that price wants to make its way to 22 61 Price is trading by the top of its profile But you may get a road's momentum indicator signal this month Now it suggests to move into the 24 o 2 ish type area out there So the monthly is looking like it may want lower price the weekly The same thing the daily Says I need to bust out my td9 count support level. That's at 26 18 and that's what was tested yesterday So if price could hold 26 18 Maybe what you're setting up is some type of a consolidation pattern out here If price gets below 26 18, then you could be looking at a move to the 17 71 17 71 Is a breakout level or the next breakout level for the daily time frame And it's the breakout level for the weekly time frame. So, uh, clf cleveland cliffs is near the cliff That cliff happens to be 26 18 cents. You close below that And you're headed south Great Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com and hit watch tiger tv Welcome back folks. Let's go to our question another question coming in here from the uh email This is coming in from Mimi. Mimi nice to hear from you. Thanks so much for taking the time to write Where do you see interest rates by the end of 2022 out there? A bank is offering a 10 month CD at 1.1 interest thinking of putting some money in it As banks may or may not raise interest rates soon after the Fed does. What are your thoughts? Well with regard to answering where interest rates might go But the only thing that I could do is take a look at the charts out here And so let's look at the 30 year rate 30 year rate right now. It's printing off at 2.8 5 percent TYX that's the 30 years and yeah, let me make sure let me just make sure tyx. I'm pretty sure that's the 30 year rate out there, but just let me let's let me double check out there Yeah, that's the 30 year treasury yield So that is likely going to target So what we're looking at a monthly chart and on a monthly basis price is taking out a td9 count top That was from march of 2021 So its next level of resistance is 3.129 out there if price is able to clear that level That's a td9 count breakdown area Then price should go target the next td9 count breakdown level and that'd be 3.967 So that's what the 30 year treasury is community can do is for its monthly time frame the weekly time frame says what the weekly time frame shows Um shows that price is running to resistance at a td9 count breakdown level. That's a 2.91 That's been where we've seen resistance So if you see a close above 2.91% Then the figures that we looked at a monthly basis will start to come through fruition No topping pattern as we speak just to get You could get a td9 count pattern, but that would likely have to take place next week or the week after Right now it's bar number seven. That's the high. So that does not validate a pattern Whereas the daily does have a td9 count top and this suggests that rate should actually move lower Move lower to where? Well, the price target should be 2.5 percent. That's a td9 count a breakout level now this is um We we can't pay attention to the I mean, you could pay attention to it if you want But the task marker profiles that show up on here are not accurate with regard to this specific instrument But right now you've got a valid td9 count top and my level of support will be at about 2.5 percent Your specific question though was where do we see rates by the end of the year? Uh, you know based upon everything that we know about the fed. I think the answer to that should be higher out there And uh, that's what the charts here are suggesting to us. So I hope that that helps you out Mimi, thanks much for taking the time to write in We did have requests as well inside the tiger's den to take a look at slumbers aslb is the ticker symbol So let's get that fired up on these white background charts in the meantime. I'll narrate for you What it is that I see which is that price right now is consolidating on a daily basis between support and resistance And that's between 38 27 and 40 94 Price is also consolidating within this weekly profile. That's between 38 59 and 44 35 and on a monthly basis Price looks very good price is negated a td9 count top I did that back in the month of uh, january No, no topping signal out here. In fact, you've got an a to b equal cd to the upside Although I can't really draw that in on the white background charts I can't on my other charting package here and that suggests that uh price should go target the 50 91 level That would be the one to one a to b equal cd. I would say more likely 57 71 Now that's a monthly chart. This is over a period of time And that's an a to b equal cd to the upside the weekly chart last week actually confirmed erosement to indicator top But as I mentioned, you've got a new profile that's formed out here This new profile above the prior profile. So it's still bullish, but um We're going to call it neutral We're going to call it neutral until price closes above this the weekly chart until price closes above 44 35 It goes above that then it's off to the races. So right now you just got a neutral signal there Bulbar signal on the monthly daily time frame chart shows us what? Erosement to indicator top price just consolidating with inside its daily profile. Your price were to close below 38 27 for two consecutive sessions s&p Then we could look at price moving down to 33 44 So that's what the daily the weekly and the monthly charts for slumberge are communicating to us I hope that that helps you out and thanks so much for taking the time to write in Next question coming in from eddie and bokeh and eddie says apple earnings out thursday Son off today at lower volume so far. Hugging 200 a.m. A. What's your analysis on apple for the day? A a pl is a ticker symbol Now apple has a confirmed a to b equal cd to the downside. I believe it did that confirmation yesterday No two days ago So let me go ahead and let's switch back to the black background charts out here ready So that we can answer your question clearly and uh here on the daily time frame So I think it was Is it friday? It doesn't really matter. Uh, here's the daily time frame chart for apple And the swing point that we're using for the b point is going to be the april 18th low That had volume there were 69 million shares and on friday that was passed with 84 million shares So apple eddie has an a to b equal cd to the downside. It's one of those confirmed ones So that is going to look like the a point out here that i'm using is March 30th high the b point as we discussed the april 18th low The c point is the high from april 21st the one to one price projection will get you down to 155 49 The retracement on this little bugger is only a 49 percent retracement That says it's got a lot of pent up energy there That pent up energy suggests that we should see more than a one to one a to b equal cd pattern That suggests for example the 1.272 which would get you to 151 13 Well, if that's going to take place what price is then going to do is go test its swing point for march the 14th So you've got a confirmed a to b equal cd to the downside And it looks like what price wants to do is go test that march 14th level That's got 108 million shares you're at 51 million shares as we speak right now your question or your statements were that uh Sign up today at a lower volume a volume today is 51 million shares today's volume is so risk so to speak insignificant The volume that was significant was the one from friday out there which had that volume of 84 million yesterday was 96 You're at 51 today. So even if you're lighter volume, it doesn't matter. You've got that confirmed pattern As we speak and play and there is no other bottom signal now at the 154 level Let me switch charts out here so you can see what we're taking a look at the 154 26 level is a possible area of support that is a daily titty nine count breakout area But if price gets through that Then that's gonna, you know, give you more of that signal of getting down to the 150 A one-ish type area maybe even 145 58 So apple looks like it wants to head lower Uh, because that confirmed a to b equal cd pattern So eddy, I hope that that helps you out Of course that should then take the cues to the downside as well So I do hope that helps you out Thanks much for taking the time to write in the next question now we have it's the final question is What's the short-term outlook for microsoft? So in the case of microsoft, let me uh, do this here because we just have just a few seconds Let me just try to get back to the black screens out there and over the break I'll get the white ones going. Let's type up msft get a feel for what it's doing here. Come on Do this work with me work with me msft And denny says uh, just what's the short-term outlook? So the short-term outlook is that Microsoft is trading inside its swing point from march the 8th that had volume out there 48 million shares You're at about 19 million today. It wants to go test that low that low by the way is 270 even steven if you can test and reject it Then you might try to bust it to the upside now bust it to the upside would get you into about the 283 She wrote with tfnn 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 tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's tfnn.com and hit watch tiger tv Good back. So we're taking a look at microsoft there and uh Our our conclusion at this stage here from the daily standpoint is that price wants to go target the 270 level You're down at 270 270 for right now. The love of the day is 272 even steven You are pulling back with light volume and uh, you'd love to see that that test 270 rejected today Now if that's going to happen You ask what's going to go which what's taking place in the short term time frame chart? Well, the only bottom signal that I have is from the 65-minute chart dentist And that formed a td9 count bottom to the 1035 on the trading day of uh yesterday And then this afternoon at 1245 it generated a rogment to indicator bottom So it's attempting to form a bottom our price has been not able to take out any kind of resistance The first level of resistance this would need to take out which has failed to do was 28196 The second level would be 287 42 If it cannot take out resistance Doesn't mean it will blow through support But if you do see a close blow 270 77 that will negate the td9 count bottom That will also negate the rogment to indicator bottom and that then would say we're headed to 270 Now we might have lower but that would at least be the signal that you had to 270 So you're asking what are the short term time frame charts look like it's really the 65 minute That is giving us the best information out there And that's the time frame that I would track for microsoft to give you your information So we've got about 30 seconds to go. We've been through let me make sure here Oh, we got a question that came in david h. He wants to take a look at conical phillips Um c o p so that's not going to be enough time to get those white background charts going But we'll switch over and take a look at conical phillips on the black background charts See if we can get some type of feel for david in tom ball, texas your question is By cell or hold so at this stage here I really need those white background charts, but you're below You've got a to b equal cd pattern So I take that back what you're waiting for is some type of bullish reversal candle to confirm a gertley sell a gertley By pattern and we don't have that as we speak just yet. So, uh, you've got support Well support is really at 87 59 and below that it's at 77 80 So with regard to conical phillips, you're looking for a bullish reversal candle to confirm a gertley by pattern david, thanks much for taking the time to write in everybody. Have a terrific tuesday Stay tuned your favorite polar bears up next. We'll see you tomorrow