 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes, toll-free at 1-877-927-6648, or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the July 2nd edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, persevering through a bout of vertigo. So I'm going to dispense with the normal opening of the show. However, I would love to be able to be of assistance to you, so feel free to give us a call at 877-927-6648. You can't call in. You can still send me an email, Steve, at TFNN.com. I just put the radio show question in the subject heading of that email, if you would. Of course, in the Tiger's Den, as John has already done, you can post any question that you want. So let's go ahead and get this show started on Terrific Tuesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now, the Dow trading down. All the indices are in the red. That's including the spot volatility index. I wouldn't read too much into that with light trading. We're in the entire 4th of July. Summertime trading out here. So we won't read too much into that. We'll go take a look at the patterns and provide you with some price projections of what may be going on. We'll take a look at gold, which is up $17. That's really where we're going to start the day. You've got silver only up four cents out there. So what is it behind the news and gold? Actually, I'm not even watching the boob tube or anything. Just kind of laying still, laying low, so to speak out there. So I don't know. Is it an Iranian threat or something? Who knows? But regardless of that, we'll take a look at the patterns that are out there. Lead the charge to the upside today, individual stock wise. You've got Mercado Libre up $10, 1.6%, Shopify up $8. Nearly 3%. Equinix up $8. That's 1.5%. Reilly out of motive $7. $60. That's 2%. To the downside, Lending Tree is having a tough day. I don't know if it's much volume or not. Doesn't appear to be 122,000 shares out there. That would seem light, but it's off $17 or 4% of QT brands down $9, almost $9. That's 6% to the downside. Amazon is off $7. So let's go to the first question that came in. The first two questions actually that came in from John in the Tiger's Den. And the question really specifically says this with regard to the gold contract, $13.85, the low out there, do I see that as a bottom? My answer is no, I don't. And let me just kind of step you through the charts that I'm looking at to explain why. First, let's start with the bigger picture out there. It always helps understand the bigger picture. And in essence, that is the monthly timeframe chart out here. So that's this chart. Now at the top of the chart is the gold contract. It's the continuous contract out here. So we've got all the historical data. The bottom happens to also be the GDX. You'll see on the gold contract, you'll see several yellow lines. You'll see some dash lines out there. Those dash lines really dealing with a resistance level. It takes you back into August of 2013. The high out there was $1434. It was tested. It was rejected. Our price closed below that. Yesterday was a pullback to another area of resistance out here. And that was from March of 2014. That's at $1392. We're trading at $1407. It is a possibility that, you know, look, until I see gold break out above the $1434 level out here, then I don't think that this was a real break in price movement that we saw off of the lows out here. But I don't think that it is a breakout movement. Instead, I see this as gold pulling back. Now, we'll take a look at the larger picture. That's what we've just done here. And we see the resistance. Now let's step things back a bit. And when I say step things back a bit, let's take a look at the weekly chart. Now, if you are a person, an individual that likes the A to B equal CD pattern, well, then you will love this chart out here. Now the beauty about the A to B equal CD pattern is that it doesn't complete until it generates a bullish or bearish reversal signal out here, a candle. Well, in the case of the gold contract, what it did last week was it completed the one-to-one move. That was at $1438 and generated a shooting star candle. That is a bearish reversal candle out here. So this suggests that the top is in when I take a look at what went on on the longer-term monthly chart. So that's the pattern there. Now, it's always possible I'm wrong. I mean, that's a given out here, but we do have a completed pattern. So we have the monthly completed pattern last month, that is, price making its way up to resistance. The weekly says, hey, guess what? I just completed an A to B equal CD, generated the required bearish reversal signal, says, OK, I'm done. I'm toast. That's it. I'm going to go ahead and pull back out here. If we take a look at the daily timeframe chart, well, this completed the TD setup nine-count pattern out here. And, you know, look, if today, here's the deal. If today you see gold closed back below $1404.50, this was nothing more than just a simple countertrend rally up to Stevie's resistance line. That's the oscillator unchanged line. Now at $1406, $2 above that. Is that going to blow my skirt up? No, it's not. So now if the highs get taken out, $1434, well, then I was dead wrong. But the patterns out here, monthly says top, weekly says top, daily says top out here. OK, so then if that's what you say, the charts say, Stevo, then why this big rally out here? Well, let's take a look at the two-hour timeframe chart out here for gold. Why the two-hour timeframe chart? The reason for the two-hour, the 120-minute timeframe chart out here, I guess I'm going to change this to 120 and I'll come back to it. But the reason for that is the following. Here is the 120-minute timeframe. And even this morning's newsletter, you know, I suggested to subscribers that gold had formed at least a short-term bottom. Why? Because here is a perfect setup on the two-hour timeframe chart. You'll see the Gartley buy pattern. And remember, every Gartley buy pattern has five potential different outcomes. So we have to continue to watch the short-term price patterns out here to see if there's a top or anything. But here's the perfect, so this was a, you can see the green shaded butterfly wings, so to speak, what we call butterfly wings out here. That's your Gartley buy pattern. I'm going to turn that off, just click that off. What else was going on out here? Well, what else was going on was you had a rose momentum indicator bottom. When this little bullish engulfing candle formed, this took place at about 200 hours yesterday. That was a sign of a bottom. So you've got the Gartley buy on the two-hour chart. You've got the rose momentum indicator bottom. Then this suggested that price would go ahead and bounce up. Now, what I had done was I had suggested to subscribers that we would see a bounce up to $13.99 or a close above that, which is what took place that noon. We could see a bounce all the way up to its TD setup breakdown level. That's that green solid line at $14.19. That's still the case. However, if you just take a look at a trend line, the trend line, and I'm pretty much on it, although I'm a bit dizzy, so I'll try not to give you dizzying things out here. But if you just take a look at the trend line from the highs, and what I'm referring to highs, I'm looking at about two o'clock in the morning back on the 25th, it looks like, and about $2,200 on the 27th out here. And you can see that you've got that diagonal trend line. Resistance level out here. What's Larry call that, his 1-3-5 pattern or something like that or his 20-man line? Well, look what, folks. We're in bar number nine of a TD setup nine count. Hey, if you're long from an inter-day standpoint, not a bad time to take some profits or at least move your stop. Steve Roach with TFNN will be right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now toll-free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Now, let's say that I'm wrong with regard to the call. Remember, there's a Gartley buy pattern inside the two-hour time frame chart. The reason why it's a Gartley buy pattern was because of the hammer candle that occurred at 2 o'clock in the morning on yesterday, July the 1st out there. So you've got to watch that 13-84-70. Now, as I mentioned, this is a Gartley buy pattern, which there's always five different potential outcomes. Outcome number one is the dead cat bounce or .382 retracement. That would take price to 14-06-90. We're trading at 14-07-40. So that level has been attained. Now, there was a wide-ranging bar at 12 noon, widest-ranging bar that took us up into that level. So watch the next several hours out here. You just see a sideways movement. It's very possible that the move higher is over. If price does move higher, then the next level would be 14-20 out there. My suggestion would be to tighten the stop out there. Hey, let's go out to Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing today? I'm doing well, Steve. You take care of yourself. We need to help you. Hey, no problem out there. No problem. I am, but, you know, I miss not doing the show. So one step at a time. So you've got some general market questions out here. Fire away. Well, this is kind of like a two-fork. There's been over a goal. That was my other question. You just did a great job with that. I wanted to see if you couldn't go over some of your seasonality work that you do. I'm not sure if it's really following what you thought was going to happen. If you could just kind of go over that, I'd appreciate it. Yeah, absolutely. So let me pull that up. But what Brent is referring to, folks, specifically, and I just got to open up another window out here. It's going to be this chart specifically. And what, wow, why is that happening? Okay. Oh, there we go. Okay. There we go. So, Brent, here is the one-year seasonal cycle based upon last 86 years' worth of data from the Dow. If we were going to be date-specific, Brent, and I'm not, I use this as more of the general seasonal cycle. I use the timeframes more to look for topping patterns per se. Now, this is for the Dow, so what I'd like to do, I guess, in taking the seasonal work one step further would be for us to go ahead and then take a look at the Dow to, in essence, overlay it on this. Typically, what we see is, and I had intended on doing this on Sunday, but things just kind of went kind of crazy and I didn't get a chance to, but typically, during this timeframe, we see the Dow make a temporary high around May 19th, moves down into a low around June 25th, and then we see a little bit of a summertime rally that takes us higher into July 21st before the market then moves to the downside. So are we, is this the pattern that's underway? Well, I don't know, I don't think so. I think we are in this cycle pattern here where we've seen some sideways movement and we've seen the May high actually get taken out or I think we're close to getting taken out. Let me just take a look at the Dow itself. I think it was close, really close. Well, this is still the two-hour timeframe chart. Let me switch this back to the daily. So really pretty darn close out here, but the problem with the Dow Brent is as follows and I'm going to pull that chart up and the problem is that I don't see a topping signal just yet. And so if we take a look at the Dow time, if we take a look at the Dow chart, we're close, but no cigar. So what I mean by that folks, what I mean by that Brent is if you take a look at the last, the previous high inside of the Dow cash indices out here, it generated one of those Rhodes Momentum indicator signals. Price was moving higher, doing less relative energy. You got your first bearish reversal signal on April 25th, two days later when price gapped to the downside. You got a secondary signal on May day when you had a bullish and golfing session out here. Now, when the Dow made a bottom back here in June, June 3rd, it was really on the fourth, the following day when we received the bullish reversal signal. That was also with the Rhodes Momentum indicator bottom out here. And we had that bullish reversal candle, the three river morning star. Now Brent, when we take a look at what transpired yesterday with that push higher, it was only the Dow that has generated the potential of a Rhodes Momentum indicator top. Now today there's no way for this signal to effectuate itself because we're not going to get a bearish reversal candle. It would be better if you're looking for that to see some type of up close today inside the Dow. And then tomorrow, some type of down close, that could get the bearish reversal or bearish dash candle out there. So I think we're close to that July 21st top out there when we take a look at the Dow pattern. And this would say that we are a few weeks ahead of time, like about three weeks, but the cycles can shift a bit out here. So this is what I'm watching when I take a look at the seasonality that you had me bring up and take a look at. And then take a look at the Dow patterns out here. So if the Rhodes Momentum indicator top worked back out here in April and most specifically by May 1st, and then it worked again at the bottom on June 4th, if we do get a bearish reversal signal, and this pattern is out here, and especially if we get a close below Stevie's green line, which is 26, 575 right now, what are the chances that this is a fairly significant top? I say they're really good chances. So that's what I see when I take a look at it. I don't have any other pattern than this, but this is a very powerful pattern for helping to identify when markets bottom and top how to buy bottoms and top. Heck, we just looked at it in gold when we looked at the two-hour time frame chart and pattern out there. So it's a pattern worth paying attention to, but I don't see it happening today more likely than not, Brent, because we're in this July 4th and holiday trading and light market trading. You'd think that we'd see an upmarket tomorrow on a shortened trading day, or perhaps even on Friday. And so maybe it's not until next week that the pattern forms, but instead of forecasting the day, let's just wait for a bearish reversal candle as long as this pattern is still in play. Okay, yeah, I sound like you're basically on the same page I am. I'm getting the sense we're getting up to that level of the consolidation again, the top of it. Yes. We haven't broken through that. Now we're just waiting, like I said, for the signal that potentially we have a top. So you've answered the question perfectly. I appreciate it. Hey, my pleasure. My pleasure. Thanks for the question. Thanks for asking, and I have a happy 4th of July. Do the same, Steve. You take care of yourself, and I'll talk to you soon. Thanks again. Sounds great. You bet. That was Brent in Martinez, California. Now to go along with Brent's question out here, the other topping pattern that is in play comes from the New York Stock Exchange. Not the actual New York Stock Exchange chart itself, for example, let me pull over the New York Stock Exchange chart. And what I mean by that is we don't have the same roads momentum indicator top pattern. We don't have a TD set up nine count. We don't have a seventh wave move. In fact, we only have wave number three using the Chapman wave counts out here. So I don't have anything to say if I were just to look at this New York Stock Exchange chart, I would say there's no topping signal in play. But when it comes to the New York Stock Exchange, you and I are fortunate enough that we get the opportunity to take a look at the New York Stock Exchange and its advanced decline oscillator, which is the difference, which is just take a look at the advanced decline line, which is nothing more than the accumulation of net advancing and declining issues out there. And then the oscillator, and that's panel number three, looks at that line, and it takes the difference between the 19 and the 30 day exponential moving average to create the number out here. Here's the important thing as we go to break. We have a declining tops pattern and the advanced decline oscillator, but we have a rising tops pattern in price inside the New York Stock Exchange. You look at all my other green lines. Has that been important? I believe so. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. So, another question or several questions that came in. I want to get back to the other question that John and the Tiger's Den had asked earlier. And that was with regard to the September contract for Treasury bonds. And the question, in essence, was what was the price that you were looking at, John? It was $156.19. And we're at $156.02. And $156.19 is just a couple of ticks above the June 20th high out there. And the question was, would that be a good spot to give a short trade? So, here's what we know right now. Price is trading above the top of its daily profile. $155.28. I don't know if it will close above that, but if it does, that's, in essence, short-term bullish. But it's competing against a rose momentum indicator topping signal pattern out here, confirmed pattern out here. Here's the daily timeframe on that. So, we'll pull this over. And we can see that price was moving higher, doing less relative energy, generated that bearish reversal signal out here. So, as long as price doesn't close over that high, I think it was $17 ticks out there, this pattern is still in play. And so my answer would be, yeah, that would be a good spot to consider a short. If I look at a 30-minute timeframe chart out here for T-bonds, that top may be in. When I say may be in, on the 30-minute timeframe, we do see that the so far, the high of today's trading session, was a TD set up a nine count. So, here's another spot. If you were aggressive and you wanted to take a short, here's, and you could just a few ticks, whatever your normal stop might be out here. So that's what I would be paying attention to with regard to the 30 years. So I hope that that helps you out. That's really all that I've got for that out here. Let's go to some other questions that have come in by email out here. The first one for SAT, SATP. And the question is, can I suggest a price to buy a few shares of Dock U, DOCU? So let's go to our three timeframe charts out here. Let's go see what they are suggesting for us. And you're looking for an entry point. So what we can see is this is trading right now at $51.58. Today, price is trading above the top of its daily profile. It's below the bottom of its weekly. And we don't have enough data on a monthly or quarterly basis to provide us with any assistance out here. What else do we know? So the question is, did this form a bottom when it made that high volume low back on June 7th? There were 21 million shares out there. Well, let's open up our other chart and see what patterns, if anything, we have out here. Let's do a, we can see an A to B equal CD to the downside. Let's do a wave count first. Got to wave number F. You and I like to look for wave number 7, wave number G. There was the completion of, in essence, a 1 to 1.272 A to B equal CD. That's when this hammer candle formed on June 14th. So that would have given you one possible entry area. Let me just turn the pattern off. Just looking for anything else that is out here. So with regard to docusign, I don't have, and I'm not showing you the weekly and the monthly, it doesn't, I won't waste your time. There's no bottoming signal on my other timeframe charts out here. So now you're asking for a, you're asking for an entry point. You know, I would say that today could be, could be, could be that day if you want to give it a shot out here. The price had come back bounced off of Stevie's red line. Ideally, you'd like to see it close over the high of June 26th out here. That's at 51.57. You're at 51.59. Resistance on this. You got to be, be careful out here because you have one, well you have one, two, three higher lows out here. So maybe all this is doing is a little counter trend rally to make is fourth higher low out there. So just be careful as you enter this because we don't have, we don't have what I would say is the most solid of bottoms. Yes, there was an A to B equal CD. Yes, there was a hammer candle out here. And it's valid buying pattern set. So I'm assuming you've been watching this for some reason, for the reason to enter out here. The other level to be watching is 53.29. That's Stevie's green line out here. So that's something to pay attention to. So if you, if you want to go for it, that you said just a few shares, then fire away with regard to DOC you. Thanks James. I appreciate those messages out here. No other requests other than that. And John wants, so John as well, appreciate that message. And let's take a look at a six month view of MAXR. So let's go take a look at what MAXR is out here for John. Let's look at the same thing, the daily, the weekly, the monthly. Wow, a nice trading session today. Nice wide ranging bar from a weekly perspective. Price is trading over 905. It's trading at 936. That's the top of its weekly profile. I don't know what it's going to look like on Friday. What price is doing is it's moving higher, doing less relative energy. Never really a great thing. Now it's a wide as ranging bar today. So that says that we're likely to see price moving higher, but you always have to be careful about this pattern. Look, when it formed a low out here back on March 30th, it was that same pattern, only the opposite, the bottoming version of it. I don't have, you know, the positive is that it took out this little shooting star, which was a TD set up nine count from looks like June 25th out here. So that looks like, okay, this thing could head higher, head higher to where let me come back to the other chart and open this up. Make sure that I've got all the data on my other timeframe chart. Okay, so this may have had a ton of accumulation along the bottom. This is Maxar technology. I don't know anything about it. Maybe David White does out here, but right now, John, it looks fairly decent. I would look at it this way. The volume from May 15th was 6.5 million shares. You're at 6.4 million shares. So there is a valid A to B equal CD to the upside. I don't know if you're in it. You're looking to get in it. Normally, you know, I don't suggest to folks to buy the so-called breakout of the A to B equal CD pattern. I'd rather focus on buying or selling the D point, but you don't have that option here. But this is a valid breakout with volume, as long as it closed over 905. And this would suggest to you that price is headed to 1101. It's got the average daily range of 59 cents. So any stop has to be more than 59 cents. It's possible this will make more than a 1 to 1 A to B equal CD to the upside. So you've got what appears to be a confirmed A to B equal CD in Maxar technologies today. It can resolve that rose momentum indicator pattern out here. It just has to get more relative strength, which it most certainly can do. So remember, not until there's a various reversal candle. Does that pattern really even come into the play? And the same is true with regard to the A to B equal CD to the upside. See, 1101 is just A price projection. Only 60% of your A to B equal CDs complete a 1 to 1. So how do you know if it's a 60% or a 40% out there? Very simple. The cavalry will tell you. The bulls and the bears will tell you. You will see a bearish reversal candle out there. So I hope that helps you out with regard to Maxar technologies. A couple of comments in the den will just pass on to you from knowledgeable individuals. Say Maxar unreal IPO and fleece the buyers. Crooks question mark. Hey, it still looks like it's headed higher. 1101 is Stevie's call on July 2nd. Steve Rojo, TFNN, we'll be right back. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Thank you, folks. So, Lee B writes in and he wants to say, Steve, I picked up IWM on the pullback this morning. Can you give me your short-term diagnosis to me in the next several days? And so, Lee, and thanks for the kind wishes out here. So, and one of the reasons I would believe, although Lee didn't say, and one of the reasons why he bought into it is here you have a so-called confirmed A to B equal CD to the upside. What do I mean by that? Well, the swing point for that is June 20th. That had 17.6 million shares. And yesterday, July 1st out here, on really light volume day, so to speak, in the market, summertime July 4th, you had 23 million shares. Take that out. Now, the high of that session was 156.22 and the close yesterday was 156.10. So, it didn't close above it, so to speak. So, it always makes this like, it almost feels like you have vertigo here with regard to IWM, your head spinning. So, what is it? So, when we take a look at the IWM, as you know, Lee, I'm going to switch over to take a look at the Russell 2000 equity futures contract. And the one that I showed to subscribers this morning was this one. This was a two-hour time frame chart. And what I wanted them to take a look at was a couple of things. One, the Rosalmentum indicator top and bottom pattern. We can see how the Russell 2000 on a two-hour time frame generated a bottom signal with that pattern, generated the top signal out here with that same pattern out there, a little key reversal session that had completed. And now it appears because price on the two-hour time frame is trading below the bottom of a bullet-structured box out here. Here's what we didn't know this morning, but we still drew the pattern in because of the Rosalmentum indicator top was just simply that there was a possibility that this is creating a Gartley buy pattern. So, you've got A to B equal CD to downside. You are what appears to be in bar six of a TD set up nine count out here. And price may be just simply making that A to B equal CD to the downside. Now, the one-to-one price projection says 1548.60. So, Lee, that says that you may be early on your trade. Now, we'll look at a 30-minute chart out here just to confirm that. I don't want you to take, let's say, unnecessary action. I want you to be able to at least anticipate the message of the markets. And then you take whatever action. So, right now, on a two-hour time frame, this says there may be a Gartley buy pattern that would be forming. That Gartley buy pattern, if we want to go ahead and get a pretty chart out here, we can draw. Well, I would show you that pattern, but apparently I've got some other issue with the system. And there's also the breakout level. So, the breakout level on the two-hour time frame, just so you know what that price is, it's 1550. So, at 1550 to 1548.60, you've got the one-to-one A to B equal CD. You've got a support level. If price gets down to that 1550 area, if price gets down towards that level and completes the TD setup nine-count, pretty good chance that that could be your entry point. That would be your Gartley buy pattern. Now, what happens if price continues to move lower, which is very possible out here? So, let's go to Stevie's advanced warning, radar Doppler system out here. And it appears there's a brand-new profile that's trying to form. Now, this one is not confirmed. I won't be able to confirm this, probably until tomorrow at the earliest. It may be Friday. But here's the issue. It's a 1571 and a quarter maybe at the top. To the downside, you're looking between 1527 and 1534. So, it may be that price point where the Russell 2000 Equity Futures contract is headed to. I don't know, I just know there's a new profile. It's bullish and structural. There's significant support down there. I didn't have that information this morning. And I don't know that this information is going to hold during the day. I'm using an advanced tool that needs to be confirmed. It usually takes 24 to 48 hours. That would be tomorrow or Friday out there. So, that's what I see and take in a look at. Now, I did say we would look at the 30-minute timeframe chart out here for the Russell. So, let's pull that over, just see what it is doing pattern-wise. And what you didn't like on a 30-minute timeframe, this chart also is included each morning with the newsletter so people understand the support resistance areas. I've got a new tool that my programmer has developed and I'll get that installed over the next tonight, well, today, tomorrow, whenever I do. That will have prices on these lines, so I don't have to figure that out. But here, price broke through support on a 30-minute timeframe. Really not that great. The next support level out here is down at the price point of 1550 to 20. I don't see any bottoming signal inside the 30-minute timeframe chart for the Russell 2000 Equity Futures contract. So, I hope that information helps you out and thanks for the good wishes, the well wishes, and best of luck with that trade. Hector writes in and asks about harmony. Any thoughts there? He's wanting to buy this down at about the 161 level. So, let's go take a look at a three-time frame chart for ticker symbol HMY. And I'll get that, try to get that going on my other system as well. And you're looking at 161. So, price is trading right up into the daily top of its box, its resistance area. And if we take a look at that, that's 227. If price closes over that, then it says that it wants to move higher. It's taken on a swing point that had 18 million shares with 4 million shares. So, you know, you've got, it's always, this is a very difficult week to really use some trading signals, such as volume as an example out there. Now, if you see big volume, that is a positive. And you see light volume, shoot. I don't even know what that means. But here's the issue with regard to harmony. And we may have covered this, Hector, which it did form a TD setup nine-count top, big old key reversal bearish and golfing session out here. If that high gets taken out, the high, by the way, out there is 231, then this has got momentum and wants to continue to move higher out here. So, today could just be a countertrend-ish type rally, just like gold, maybe a countertrend rally out here. It's also on its two-hour chart, or yeah, it's two-hour chart. It's got that TD setup nine-count pattern. Remember, the top wouldn't necessarily have to form on this bar. So, the one that ends at two, it could be the one at four, because this bar is eight, nine. This is going to be bar nine. I'm not showing it. We took a look at earlier or the bar following nine out there. So, I hope that helps you out with regard to harmony. And with regard to the pullback, 207 right now is the first level that you would be watching. That's the bottom of its daily profile out there. If you get below that, then we'll have to take a look what other patterns might be underway at that stage out there. So, that takes care of all the questions that have come in thus far. Oh, wait a minute here. Mike wrote in. Sorry, Mike, I did not mean to overlook yours. I want us to take a look at LRCX. LRCX out here. That is LAM Research LRCX. Let's finish reading Mike's question in Sarasota. So, I looked at it on June 18th for you. You're looking for an entry considering about 188. The question 181 will pull back that far. So, excellent question. 174 would be the bottom of its profile. The problem is price trading above the top of the profile right now, which is 186.13. So, I will say price must close below 186.13. It doesn't have to be today, but must close below 186.13 before we can take this lower level swing point, which the bottom of the box, you'll notice there's the center of the box's mission. It's because it's loaded up right there at the bottom of the box too. So, 174.67 could be a significant level of support or should be for LAM Research out here. I don't have any topping pattern. I just have a consolidation between about 195 and 171. Give or take out there. Mike, hope that helps you out. Have a happy 4th of July. We'll be right back for the two-minute wrap. Steve Rhodes with TFNN. Since 1984, Basel Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two-week free trial to the opening call, Basel's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basel's newsletter of the opening call today by visiting TFNN.com. It's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce. Gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices, gold may be poised for its next big run. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. 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Life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal-edge, formulated and approved by Nico and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge banner on the front page of TFNN.com. This is David White. Stay tuned because coming up next is the power trading hour right here on TFNN. Welcome back, folks. So we've got mixed markets out here. And we're just simply not going to read too much into the markets today. Tomorrow's short and trading session, as you know, closes at 1 o'clock. So I won't be with you tomorrow. Friday, I'll be doing the show from 8 to 9 in the morning, replayed at 1 to 2. So I'll try to make it pertinent if you can't listen in from 8 to 9. But if you can, we'd love to see you then. We'll take a look and see what the futures markets are doing to us. So we did that last Friday. We were looking for clues before the weekend out there. And what we said last Friday was that the markets were suggesting that we were going to see a move higher in the equity markets, and we were going to see a move lower in gold, and we were going to see a move lower in T-bonds. Turns out that all three of those things, actually Sunday evening and yesterday, really came to fruition. We wanted to see what the message of the markets is. What the message of the markets is at the moment, and Brent kind of hit the nail on the head when he called earlier, was we're really watching the Dow or the Dow equity futures contract both show the same pattern, which is Stevie's topping signal. That's that rose momentum indicator top out there. So we're going to want to pay close attention and watch for the first bearish reversal candle to form, combined with a close below at least in this case, on the Dow equity futures contract. And then it would really need a close below the bottom of its daily profile, 26374 to confirm that. And we're also going to watch the New York Stock Exchange. We're going to watch, it would really be the combination of the following. What we're going to watch the New York Stock Exchange and see if that advanced decline oscillator closes below zero. We're not there yet. We have a topping pattern that is in play out here, but we don't have the confirmation. That's that spot volatility. There are lots of spot volatility index plenty of liquidity in the market even on a light volume trading session because that spot volatility index as well below his 50 day exponential moving average is trading at 1557 for his I'm trying to train at 1346 versus the 50 day at 1557. The problem is spot Vix is below its 50 to 1 Bollinger band. The Lower Bollinger band out there. So folks have a happy 4th of July, two and in Friday morning, 8 to 9 Monday, will also be from 8 to 9 and be safe. Have a great holiday and look forward to speaking with you soon. Take care.