 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 from TFNN. Welcome to the June 12th, the wonderful Wednesday edition of today's Trader's Edge Show. I'm your host, Steve. Perseverance Rhodes, a sort of 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. Let's have an extraordinary day. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right, when you and I make that one little two-by-four shift, it means we can find a gift in every set of circumstance that life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears, what the buyers and the sellers are communicating to you and I. Just pass 1 o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here. But most importantly, I'm here to serve you. So during this next hour, during this next hour, give us a call at 877-927-6648. If you can't call in, let those fingers do the walk-in. You can always send me an email, Steve, at tfnn.com and inside the Tiger's Den. Well, any ping, we'll do. So let's go ahead and get this show started on wonderful. Wednesday, of course, this is Tiger. Financial News Network, I'm Steve Rhodes. Welcome to last show, right now, the Dow off 36 points. S&P down about five. NASDAQ 100 off 33. Russell 2000, slightly positive. The transports are up 43 points. Gold's up $4. So we've got mixed markets out here. Lead in the charge to the upside. I believe ahead of earnings is Mercado Libre, up $17. Bucks, Beyond Meat, up $16. Chipotle, up $12. To the downside, it's Dave and Buster's. Down 22%, $12 million shares. That's $11 in change. Also, booking holdings, not really a big deal. Six tenths or a percent down $11. Lamb research of $10, that's 5%. So certainly things to look at. But of course, I want to look at what you want to look at. So there are two things. My apology for not being here yesterday. I could not persevere. Woke up with just the crud. And so the crud is cruddy, and it just simply had me down for the day. But hey, I did persevere, and we are back here today. By the way, I will not be able to do the shows tomorrow and Friday, hopefully not because of crud, but for other reasons out there. So happy Father's Day to early happy Father's Day to all the dads out there. So anyways, let's get to the market. Now, yesterday there were a couple of emails I came in, different email addresses, but in essence, it was the same question out there. And so the question was, doesn't the stock market need for the Fed to reduce from paraphrasing? But basically the questions were the same. Doesn't the Fed need to reduce rates in order for the markets to continue higher? Now, yesterday being under the weather, basically being in the horizontal position most of the day while everything was spinning and listening to the different shows that were out there, you would think, I could understand why the question was coming in. Well, I was pouring in like that out there. The problem that I have with the folks, many of the folks that are on the Financial News Network, they don't know what the hell they're talking about. I understand the narrative that they push out there, but they, and hell is a place in Michigan, by the way, and since I am a ex-Michigander, I can say that word because it's a spot on a map. I just don't want you to get caught in hell Michigan or any other kind of, you know what I mean out there. I mean, to me, to me, it's just about the facts. It's just about the facts. If we take a look at it straight here, at the top portion of the chart, just the 13 month T-bill, so you can see what short-term interest rates are doing. The green arrows going from lower left to upper right are when rates are rising. And then if you go down, and this takes us back into 1993 time period, so it's not like I'm just using, you know, some type of, something to prove the point. The point is sitting right here in front of us. Markets rise, the S&P 500 will rise as interest rates are rising. They always have, they always will, so no. The BS, the information before Steve shared with you this chart is just that. It is a bunch of BS. Interest rates rising are good for the stock market daily. And when interest rates are coming down and they're falling, it's not good for the stock market in general out there. So this goes back to 1993. That's more than 25 years worth of data that you and I can look at and we compare short-term rates with what takes place in the S&P 500. So don't listen to the garbage that is being fed to everybody out here about the markets and what the fed must or must not do in order for these markets to continue to move higher. So hopefully we have put that to bed. Another question that came in, this came in here this morning was just kind of my thoughts on gold and whether or not there'll be some type of flush out to the downside. So to begin that here, I always like to look at, hey, what's price doing? What is gold doing? Now, this is a continuous contract for price and the green lines and the red lines are the horizontal trading ranges. And we're looking at a weekly chart, by the way, for gold. And what we can see out here, and it's very clear that at the 1359 level, that has been significant resistance. That is a weekly horizontal trading range and for all intents and purposes, since 2013, we'll go back to October-ish of 2013 with the exception of one week, that week was March 10th, 2014. So with the exception of one week as prices gotten up to that level, 1359, called 1360. Call it what you want out there. Unless price gets over that level, that is resistance. It is significant resistance out there. So in asking the question, do we think that traders that are getting in late in the game to go along gold could be in trouble? The answer is self-evident. Of course. Now, if price is able to take out that level, well, now it's not really a consolidation pattern. We just simply know where the ceiling height is for the advance of gold out there. And so that's really it. Now, if you take a look at the daily timeframe chart here for gold, we pulled this over. What's interesting is that the last time that gold was up, oh, that's not it. I really wanted the weekly timeframe. I wanted to stay with the weekly chart out here. So my apology for that. Let me put the weekly timeframe chart out here. And here as we take a look at this on a weekly timeframe, right up in that 1359 level is a very valid Gartley sell pattern. Now that Gartley sell pattern turned into a bottom that formed in gold just using the TD set up nine count. It was bar number nine to the bar after bar number nine, the day following, the week following, where there's actually just a slightly lower low out here. And so that if price is able to take out this Gartley sell pattern, and that would be a close at 1360 on a weekly basis, then what that says is that, hey, gold will slip up or could slip up or move up whatever words it is you want to use the 1426 to the 1462 level out there. Now look, the beauty about Goldilocks, really, we take a look at it right now is the following. If you look at yesterday, those of you that are traders of gold, and I wish I wasn't under the weather, but I was. Price pulled right back to the place that you and I had identified, well, at least subscribers than I did yesterday morning, 1323, the bottom of its daily profile, L dash support, we'll 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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TFNN has launched our brand new website. 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. Back folks, say the last time that we were together which was Monday. Yeah, today's only Wednesday. We were having some system problems. I wish I could remember all the ticker symbols that we were trying to access, but the last one that we were is up on my screen and it was a U-U-U-U, yeah, yeah, yeah, yeah, yeah. No, U-U-U-U-U and that's a energy fuels ink. And I believe that the individual was looking for a buy point in it and because we had such a lack of information, I was unable to provide any kind of answer. I do have a clear answer now though, now that I've got my system back up and running. So we can see the beautiful patterns. This is the daily timeframe chart that has formed at the most recent high and low and as well today or yesterday's high out there. And so the answer is no, now is not in fact the time to buy. But if you take a look at the high that formed out here on April the 9th, it was the day following that set up nine count. That was the high. We take a look at the bottom that formed out here. This is around May 31st, was that with that Rhodes momentum indicator signal, we love that hammer candle it formed on that trading day and the following day getting above Stevie's red line. Now price ran right up into resistance. That's this solid green line out here. It did that yesterday. That was the high and then it sold off. And so what you now have is a TD set up nine count. So what this suggests to both you and I is we're gonna see a pullback inside energy fuel cells. The target of targets are 284 to 275. 284 is Stevie's red line. That number will fall or should fall as price moves lower. And then the 275 level is the top of the profile. Now if price goes under 275, the sink can fall all the way back to 248. That's the bottom of its daily box out there. And actually today will set up the TD set up nine count or should I don't know what the end of the day is but as long as price closes above the price point of 293, then today we'll go ahead and qualify as a TD set up and then price could pull back to the breakout area and that's 250. So 250, 250, 275, 284, those would be the numbers. 250 would be the more ideal. Excuse me, buy out there. And that is for ticker symbol, U, U, U. Okay, let's go take a look at the markets. Try to figure out what they are doing out here. We've had a lot of jostling around. If we take a look at, if we take a look, what do we want to look at first to figure out what that jostling is a meaning to us. So you got the Russell's trading, I have the transports, our trading, I have any meaning there, I don't know. But if we do take a look at the spot ball utility index, right now it's trading at 1596, 50 to exponential moving average is 1592. So closing below would be, we'll call it short term liquidity bullish and closing above short term liquidity bearish out there. We're so close to it. We're so close to the 50 day that a penny or two, I don't want to make too much of a big deal out of it. It looks at this stage, at the pullback that we're seeing over today and yesterday, the bit of a sell off by yesterday is nothing more than just your garden variety retracement at this stage of the game. Now how will we know if it's going to be something more than the garden variety type of a pullback? Well, the beauty is we should know this just simply by watching the Dow Equity Futures contract. The Dow Equity Futures contract is in the process of trying to form a new profile. I can't guarantee tomorrow that this profile will exist. We're using Stevie's advanced Doppler system out here and sometimes like any type of storm out there, you know, it just needs to take hold. And right now though, you and I have a set of data numbers out here that can help us to identify and answer that question. It's just a garden variety type of a pullback. Now it won't seem no matter what like a garden variety type of pullback, if price pulls back to support, support being the bottom of its box. It may be hard to read out here, but if you look at my data box in chart number three, YM for the June 2019 contract out here, the bottom of that profile is 25, 785, 25, 785 or 26, oh, 19 right now. So 785, 885, 985, you know, we're over 200 points away. So any 200 point pullback, I can hear all the bears just licking their chops. Now they may be able to lick their chops if price closes below the bottom of the profile. We don't have that yet. No other, there are other daily profiles out here, but it's the new one that has formed inside the Dow that has piqued my curiosity. And it's an equally weighted, equally distributed box out here because the center 25, 953 is basically very close to the top, it's in between the top and the center out here. So really I think that's the data point to be watching for us to make a determination. That's assuming that the Dow Equity Futures contract pulls back to that level. We take a look at a 30 minute timeframe chart here for the Dow Equity Futures contract. We don't necessarily see that. We can see that price was moving lower, doing less relative energy, creating that rose momentum indicator bottom out here. And but of course price has to close about 26086 on a 30 minute timeframe, although a new profile could easily form between now, you know, in four o'clock in the afternoon, I just have to go with what I have right now. But the signal here inside the Dow Equity Futures contract on a 30 minute basis is a, you know, maybe not so fast out there. That's right, not so fast. So that's what the, in fact, there is nothing else that I can find that we should use to make a determination as to what the market is doing. The NQ, you know, in essence, I don't, hey, it's profile, no new profile by the top of its daily box is 7385. That's where price could most certainly pull back to. But here again, we've got price moving lower, doing with less relative energy out there. So we know that the bulls are attempting to try to form some type of bottom. It's very clear what they're doing on a short-term basis out here. You're trading, that's the NQ, you're trading above the daily profile. So there's really nothing wrong with that. If we pull over the daily timeframe chart out here, the only thing that is wrong with that is the mere fact that yesterday, price was unable to, as it was the day before, close above 7559 and a quarter. That's really a key level out here. 7559 and a quarter, that's the number you want to have on your pad of paper, where it's 7475. If price closes above 7559-25, last time I'll mention that number, then you've got to move higher and likely all the way back to its highs out there. So the question is, is this an A to B equal CD to the downside? You do have the leaves falling off of the tree because that is a true doji candle from yesterday. Me and the open and the closed were virtually the same price. That's what a doji is. Otherwise, if you get any kind of a body out there, it ain't a doji. It's a spinning top. It's basically nothing from a candlestick standpoint, but yesterday was a doji. The Japanese expression is, if you close lower the leaves are falling off the tree. How can they be falling off the tree? It's summertime now out here. It's a figure of speech, so to speak, and that figure of speech says, hey, price could easily pull back to Stevie's red line, 7344 out there. So that's not out of the question, and that would just be your garden variety type of a retracement inside of the NQ. So I don't really see anything else. Hey, how about the Russell 2000? What's its message out here? Well, the interesting thing here, and you can sort of see it on the daily chart, here you'll see it on the 30 minute chart, still hasn't taken out the lows of yesterday. The ES did, the NQ did, the Dow did, but the Russell 2000 has not done that. Sort of makes you say, something to think about. So as we speak right now, and we go into this next breakout here, Dow's off 41 S&P down six, and we'll be right back. I want to hear from you. Give us a call at 877-927-6648, or email me Steve at tfn.com. Just put radio show question inside that subject heading. 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. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer Digest has been tracking my newsletter signals to earn me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six, and three months. Timer Digest also ranked me as the number one market timer for gold as well. The fact is, markets can be timed, and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting tfnn.com. 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. ["Tink or Swim"] So, what do we want to go take a look at? LightSuite Crew, let's go take a look at LightSuite Crew. We had gotten, subscribers and I had gotten into a trade-long LightSuite crew. We did that as a result of that TD setup nine count. That took place right here. That's on the trading session of June the 5th. I think we caught that on June the 6th when that pattern looked like it was gonna confirmed. And then what Price did was it ran right into Stevie's red line. Right here, just a couple of trading days ago. So, in Price was unable to take that level out. It was just a trade. We went ahead and closed that trade out because there's nothing worse than a falling price oscillator below zero. And that's what that red line is really representative of. So, you see Price hit resistance. Now, it's very possible as we put up LightSuite Crew without here, it's very possible that, for support, I don't think it's been taken out. No, it hasn't been. But we could anticipate that Price was gonna move down or should move down to the bottom of that new box. And that's exactly what it's done. That's at 5151. The actual low so far today, 5146. So, for those looking to go long LightSuite Crew, would I get it? Now would be the time. I don't want to do that. It would be just a trade at this stage here because at this stage, we know where the range is. And that's gonna be Stevie's red line, 5373 versus 5515 that you're looking at on this chart here, which is the top of that daily profile. You can see Price never got up to the top of that profile. So, it was really the test of Stevie's red line that was resistance. Now, if you can get Price over the next couple of days, it won't be here tomorrow or Friday. But if you were to see Price, and we'll just use 5373 as the number before it were to head lower. There's TD set up nine count low. It's still a valid low out here. And if Price can close about 5373, that says LightSuite Crew could run all the way up to the 6278 area. So, it's still a valid potential trade out there. I just hate a falling Price oscillator below zero when you got the message that we did just a couple of days ago. Now, of course, you would not at all want to take that trade on a close below 5151. The truth is, that would be the bottom of the box, but really it'd have to be a close below 50, 50, 60, 6-0 out there that would say, nah, I don't think so. Now, the reason, okay, yeah, so that's all that I've got on LightSuite Crew, my apology there. Now, I saw some stuff inside the den about silver continuing to move lower. If we take a look at a silver out here, we look at the July contract, what we're going to see is that so far, even though a couple of days ago was a nasty day out here, Price's still above Stevie's red line here at 1463. So, let's see, was there a new profile that formed inside of the silver contract? I don't know if there was, we're looking at it. No, but here's what we do know. We know Stevie's red line at 1463, at 1463 and yesterday, there was a new daily profile that formed. Now, this new daily profile formed above the prior profile, so that is, we'll call short-term bullish, because the question was or is, will silver ever bottom? And so, now look, it's trading within the profile, so the support level, 1450 to Stevie's red line at 14.63 out here. Of course, it closed by 1506. That would be the top of that daily profile would say, heck yes, that silver has more room to run to the upside out here. What else can Stevie find out about? So, that's what the daily timeframe, a lot of curiosity, what's the weekly selling us? What is the weekly chart for silver communicating to you and I? You know, it just shows us that Price pulled back that TD setup level, that's the red horizontal line on my screen. There was a slight close below that, the week of May 17th, but right away the very next trading, a couple of trading days, Price got over that level the week of May 24th, so that is a key level of support to be watching. That Price point out there, by the way, is 1446. So, the weekly is saying, okay, pulled back to a breakout level, it's respected it, Price is trading on Stevie's red line, and on the monthly timeframe chart, Price is just above Stevie's red line out here. So, what does that say? What does it say? What does it say out here? I'll tell you what silver says. What silver says is, hey, if it can close above 1506 out there, then you've got a likely move higher in A to B equals CD to the upside. Of course, that 1506 would not be taken out the swing point. The swing point is actually priced at 1515, but that would give you a price projection of 1551 out there. So, that's what I see when I take a look at the silver contract. So, we looked at silver, we looked at gold, we looked at lights, we'd crude, we've looked at the general markets. Ah, boy, oh boy, oh boy, what else is it that we can look at out here? What is it that we can look at? I don't know, somebody pump me up with a question inside the tiger's den, will you? Yeah, get me headed in the right direction. Ruby, there must be something that you want out there for me to go take a look at. In the meantime, wheat, wheat. Okay, Bill wants to go take a look at wheat. Bill, what's the current contract for wheat? Or what contract do you want me to look at? And that will make things even easier for me so we can look at the exact thing. Now, what I can do is I can put up Stevie's synthetic version of the contract and then it won't really matter out there. Well, it sort of matters, maybe, but if we take a look at that, he says that works, okay. So, let's do, but what is the current contract? Zee, what is the current contract? Is it December wheat that folks are taking a look at out there? Nobody's saying, nobody is saying. Well, let's just simply go back to the, here's what the current, here's what the, here is what Stevie's synthetic version of the contract. It shows Mr. Bill that we're up above the top of its profile, 522.60. So this looks like it wants to continue to run higher. It's above a weekly profile out here. So, all right, good, okay. So here, Bill, we're looking at the, perfect. We're looking at the same, we're looking at the July contract for wheat. We can see price above again, the top of that profile out here. You know, if I were gonna draw an A to B equals CD to the upside, this is what it would look like to me. This is what fits my eye. The A point down there on May 13th, the B point would be May 21st and then the C point would be down here on May 23rd. There we go. So it looks like where wheat is headed to 540.50, but the retracement there was less than a 0.382 retracement. You can see it's a 35% retracement. Maybe you can't see it if we take a look at that. If we take a look at this, this would suggest to me that what wheat should do is make more than a one to one A to B equals CDT upside. So either the 1.272 or the 1.618 level would be the target out there. The question is, can we go take a look at the December contract for corn? We will do that and we'll update you when we get back from this break out there. Steve Rhodes with TFNN. If you are in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold fatenias and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. 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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. Folks, so we were taking a look at or beginning to take a look at the corn just before we went to the break. And what we have up on our chart, we've got a daily timeframe chart here for corn. And I'm actually multitasking as we speak. That's okay. We can see though this yellow diagonal line that was a trend line that was broken back. It was a gap to the upside above that level back on May 28th. We can see prices consolidating now with inside it's daily profile. That's between the 406 and 438 level out here. As I take a look at the daily, this is the continuous contract. I don't have the December contract in order to be able to put that up on my screen. But we don't see any kind of a topping signal. If we take a look at the lows, you're only in wave number two. And that could really set up the A to B equal CD to the upside out here. If the top, when the top of that profile gets taken out. Now that would be setting up one huge move if that's the pattern that unfolds because we come all the way back here to May 13th or so when that bullish engulfing candle had formed. And we just take a look at the potential of the A to B equal CD pattern that's out here. You're looking at one heck of a move higher inside of corn potentially. So maybe with all the flooding and everything else maybe that's the outcome. That is a more likely outcome with a price close above 438. That is the top of that daily box out there. Nothing in the weekly standpoint to provide us with any information here. Even if I look at the continuous contract on a weekly, this suggests that what Price did back here as it was making its bottom in the May timeframe was coming back and testing that support level established by the breakout on a weekly basis that takes all the way back to January of 2018 out there. So again, that's utilizing these key levels of where breakouts begin, where breakdowns begin right now we're taking a look at a breakout on a weekly basis for corn. If we take a look at the monthly timeframe you're gonna see nothing but just one gigantic, well, we pull it back farther. One gigantic move lower and this really just shows the consolidation that is out here. So the nice thing is, is that truly is a consolidation? Let me do this. It's easier to see the consolidation patterns. I believe that it is. If I use this chart here, the background. So let me just do that. We'll just put in the continuous contract. Oh, apparently we've already looked at that. It looks like I already have that drawn in here. But let me put this back to the monthly. So there we go. Let's just extend the line just a tad so you can see the clear consolidation inside of, I probably put it right about there, inside of corn. So the beauty about this John, this is John and the Tigers then who would ask, the question is what you and I know, what Dave Mason knows is that should this consolidation get broken, then you've got a measured move price projection on the 565 level. That may take us up towards an A to B we'll see that we looked at out there. So price really right up near resistance. And if we could take that out, it should be a strong movement to the upside out there. That's what corn looks like without being too corny. So do speak out there. Let me, let me, let me know. No other question. Well, hold on. No questions that have come in. Wow, very quiet. I'm not sure what that means, but in any event, let's go find some things to look at. So Dave and Buster's, let's go look at Dave and, oh no, no, somebody asked me about something else, right? What was it? Oh, Peter, what were you looking for? What were you looking for? What were you looking for? The ES mini, I'd sort of really covered that, I think, was that, but still you asked, you asked, I'll play the game. Here's when we take a look at the ES mini, here's what you probably should be looking for. You should be looking for 2870 is a key level. What price did last Friday inside of the ES mini was it closed above Stevie's green line? That's a 2870 number that I'm giving you now. That is really where this countertrend rally should have failed, should have stopped right then and there. It didn't. And now the question Peter is on any kind of retracement, is price just pulling back to test that level? It's an ordinary thing to do. 2870, it's another nine points lower. So if you're long, I would say you would stay long through that area, 2870, if you get it closed below that, then it would signal to you and I, Peter, that it was a false breakout to the upside. Now, I would also use Peter. I would really want to use the Dow Equity Futures contract. It's daily profile before making a decision whether this is your garden variety type of retracement, one that should be bought versus a change in trend. And so therefore you really want to pay attention to the bottom of that box out there, 25, 785, because if the ESMini, in essence, has topped out, then what we're going to see is we're going to see key levels of support broken. So I would be watching with regard to the ES, that's what I would be watching. What do we know also about the ES? We know that this thing may be, I don't know what it's going to do out here. As long as price on a daily base stays above its red line, 2843. Now, 2843, there will be people that's 40 points, really 37 points. And a lot of folks would just say that was it. The high was yesterday. No, you can't say that. Could just simply be pulling back to a key level of support. No, you might want to pick up on those 40 points should that happen. That I get out there, because we really are in a trader's market. And the reality is those 40 points, with regard to the ESMini, well, those could happen. I'm going to get back to the daily time frame. Thought I used to have that right here. I do. Well, of course, the last few days have reduced what the average true range is. But still, the average true range is still 36 points. So that move that you and I just took a look at, coming back to test DB's red line, that's one day average move. Over the last 10 trading sessions, and if you take a look at the last three trading sessions, relatively a calm market, so to speak out there. So that's what I see, Peter, when I take a look at the ESMini. Ruby, thank you. You want to take a look at Platinum out here. So let's go do that. Let's take a look at the Platinum contract. I believe that is also July that we are trading out here. And what are you doing with that, Ruby? Are you in? Are you out? Is it short term, longer term? What is it that you're doing that we can really focus on the chart patterns for those time frames? But if we do take a look at Platinum, here's what we know at this stage of the game. When this is taken a look at, you just sold it. Okay, so you're trying to play this to the short side. So with regard to Platinum, where's the danger in that? The danger in that would be, let me get rid of the swing point line out here, would be what? What would it be? What would it be? Now, I don't know if that was a sale because you're looking for an entry. Okay, so you're looking for a long entry. Okay, then if that's the case out here, then what you're looking for, we can see that Stevie's red line, not to the tick, but the body of the candle, the true essence of price is active as support. So that says 801.50, you're at 814 right now. So that'd be one level to look at. If you look at the daily profile out here, the blue horizontal line, you'll see that it's a bullish structured box. The bottom of that profile is 801.70. So you got 801.70, 801.50, Stevie's red line. That's clear for me. If you're looking for the entry point, that would be on a pullback. Now, close below that says, there may be some other issues. There may be some other problems. Now, I'm here to say that there may be some other problems, period Ruby. And that is if we take a look at the weekly chart, just forget the instrument. But what we know is that price is trading below Stevie's red line. And it may just simply pull back to Stevie's horizontal red line. And that number is 776.70. Watch the bottom of that profile, Ruby. That will be the key to trading flat. Basil Chapman has a special subscriber webinar coming up Wednesday, June 12th at 5 p.m. called The Tide. In this webinar, Basil will be demonstrating techniques that can help one identify whether the tide is coming in or going out. That is whether a trend is bullish or bearish in a variety of time frames and Basil will be speaking specifically to indices, currencies, commodities, interest rates and key stocks. The technical tools that Basil will be discussing are available on almost all software packages that will be shown in historical context as well as live for current market setups. Identifying the key trend allows one to trade with the tide rather than against it. Subscribers also gain immediate access to three archived workshops so you can get started right away when you sign up. 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If you have the spot volatility index today to close below the 50-day, with that being above zero, says that likely yesterday's move in today's move was nothing more than a two-day knee-jerk reaction out there. Now you may call me a jerk tomorrow and say, that didn't pan out real well, just sharing with you what the likely outcome would be. Whereas if the spot volatility index closes above $15.92, then there may be more downside action taking that advanced decline and actually reading down towards the zero line out there. Watch the bottom of that profile for the Dow Equity Futures Contract. It's the only piece of information that we have available to us out there. Anything else that we can see? We know that the shorter-term timeframe charts, the shorter-term timeframe charts are suggesting bottoming signals out here. The 30-minute we looked at, so some of those have gone away. I'm just showing you one of the tools that I use that just helps me to understand what the message of the markets is and for those timeframes, what the message of the markets are communicating to you. And now you can see the two-hour timeframe shows some tops. So we've got tops on the two-hour timeframe, bottoms on the 30-minute timeframe out here. It's very much like today's trading, is it not? Yeah, it is exactly today's trading. We've seen some pushes to the upside, pushes to the downside. So really just kind of consolidating and chugging sideways after what has been a very nice move higher. And let's face it, this is the ES mini. You see the ES mini above 29.11? What does that mean? That means the Gartley by-pattern that formed back here that are completed on June 4th. We'll get to outcome number four, the old all-time highs of 29.61. Folks, have a great Wednesday, Thursday, Friday. I'll be back with you on Marvellous Monday. Take care.