 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 morning, folks. Welcome to the May 10th. The wonderful Wednesday edition of today's Trader's Edge Show. I'm your host, Steve. 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 make sure we have an extraordinary one. And the easiest way to do that, well, it's 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 the gift. In every set of circumstances, that life is going to toss at us. Now, today, you and I are going to 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 at just past 11 o'clock in the morning. I do want you to know I am absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I'm here to serve you. So feel free to pick up that phone, dial on it at 877-927-6648. Now, if you've got a question, but you can't dial in, you can always send me an email. Send that off to Steve at tfn.com. And inside the subject heading, please put radio show question. Of course, if you're inside our Tiger's Den, well, then any and every ping will 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 the show. We got a mixed bag out there. We got the Dow trading down 107. The S&P is up three and a half. The Nasdaq is up 75. The Russell, four. The Summys are up 35. To the downside, it's the trend is up nine. New York Stock Exchange is up 31. Gold is down eight bucks. Silver is off 20 cents. Light Speed Crude is down 90 cents. Natural Gas is off seven pennies. Thirdary Treasury up 29 ticks. She's printed out at $1.3019. Now, lead the charge. Dollar-wise, the upside. You've got First Citizens Bank shares up 65 bucks, 6%. Mercado, Libre, 57 bucks, 5%. Celcius Holdings up 23 bucks, 21%. Service now up 13 bucks, 3%. To the downside, it's Axon Therapeutics up 38 bucks, 17%. Rihanna Pharmaceuticals 25 or 22%. Airbnb 15 bucks, 11%. Massimo Corporation down 13 or 7 and a half. Alta Beauty down 10 bucks. That's about a 2% move to the downside. So let's begin the day. Let's try to understand where we are from a statistical standpoint. Let's take a look at the breath data brought to us by our folks over at TAS Market Profiles. We're looking at the NASDAQ 100 right now. We're bullish on the 6240 daily. We are just slightly bearish on the weekly. And the weekly's got 23 above and 25 below. So just a smidgen there, but that's a smidgen to say, okay, choppy market. Take a look at the S&P, a little bit more choppy. 60 is positive, 240 is positive. Daily and weekly are bearish out there. So we've got conditions that suggest that this choppiness and the sideways consolidation, that word should continue. How about in the shorter term timeframe, Steve? Oh, well, if we take a look at that, we can go to a 30 minute set of charts out here, or data I should say. That 30 minute data for the NQ shows 20 above, 45 below. Now let's take a look at the S&P 500. Maybe this has been positive territory. What do we have out here? We've got 121 above, 160 below. Now it's in bearish territory, the 30. So we got choppy conditions out here from a market breast standpoint. We got consolidation patterns. When we take a look at the daily timeframes, all we have to do is just simply come back and take a look at this chart here, the market update chart. You can see I've drawn a consolidation in the ES, the NQ, gold, silver, the US dollar, and most certainly the 30 year treasury out there. So we've got a choppness that's going on and we'll try to see if we can come up with any options for us to take a look at. If we go take a look at the equity futures charts out there, well, here's some equity future charts. You can see there's a new profile. It's actually attempting to form this morning inside the NQ. Now I don't know whether we'll hold or not. I don't know, or I will not know until days end. I mean, it's 6.01 this evening. But right now you've got profile support at 13222, the low today, 13202. It resists at 13370. That's the top of that new daily profile. The ESMIDI's got a profile that wraps around the prior one. So does weekly wraps around the prior weekly profile. All that is a signaling to you and I that we have a consolidating market that is going on. In the case of the EDAWIQ, the future contract remains below the bottom of its daily profile. Very easily you can get down to test support at that 33228 level. And if we take a look at the Russell 2000, experiencing resistance both at trendline and the bottom of its profile, the center of its profile, 178931 is the price level that the Russell would need to close above to suggest that its moves are something other than a counter trend move. If we go down and down down maybe some of the intraday charts, see if there's any kind of signals here to assist us with the market's intentions are, we begin with the NQ. Remember in the NQ we had bullish conditions on the 60, the 240, the daily bearish on the weekly, bearish on the 30-minute charts out there. Let's start with the 30-minute chart. 30-minute chart out here, not TD9 counts not going to form it. So that's gone. So it does have, it shows wave number seven potential top and wouldn't even go with that one. You've got a new profile that prices trading within 13298 is your support level. This is on the 30-minute basis and 13433 is resistance. But do we see any real kind of patterns out here? I'm going to have to go with, no, not really. Not when I take a look at the 30-minute NQ charts. Folks, I really don't have much for you out here. I'd love to, I mean on the daily I've got a Rosemind indicator top out here. Priced with inside the profile. We really kind of took a look at that. Make sure we're on the way. We are. But from an intraday perspective, if we're looking for anything that's got any kind of consistency, I don't have it. I don't have it in the NQ. Let's go take, well, the only thing that I would have in the NQ, I don't have anything in the NQ. And that's where these markets get a little bit nuts too. Here's the NQ. We'll just take a look at the daily timeframe. And, you know, yesterday was a one-hit wonder, a one-day pullback, at least at this stage of the game. I wouldn't be surprised to see us get a further pullback today and finish off that two-bar, two-to-three-bar knee-jerk reaction move. But that's the NQ. When we move these charts over to the ES, so I'm going to do that here in a momentary, I was going to take a moment for these to populate. Let's get those. I believe we are in day number, oops, that didn't work. I believe we're in day number three or four ES, six, 23, to the downside. Is that correct? No, we're not. We're not. What was it that I was looking at? Must have been the Dow or the Russ. Must have been the Dow. Yeah, it was a Dow in the case of the Dow. So anyways, let's take a look at the ES mini charts out here. In the case of the ES mini, do we have any other signals? Do I have any kind of bottom signal, any kind of topping signal? Other than what we have on the daily timeframe. And the answer is these charts here populate as well as I don't. Don't see anything. I don't see any kind of pattern to be able to see. I'm coming back to where price broke out inside the ES mini. We can see that break out at about nine o'clock this morning, 840, 830, 840. The price did pull back. We take the ES mini, and that's a part of a pattern, but it's not the one that you and I typically take a look at out here to help us identify tops and bottoms. So this is only going to be, yesterday was one day wonder to the downside. Wouldn't be surprised for the ES mini to see a second day, second, maybe third day out here. That's a typical dance steps is at least a two or three day, sometimes four day pullbacks and then a rally that resumes for at least a couple of days out there. Or it depends on whether we're in a downtrend or an uptrend. And that's a good question. What trend are we in, Steve? Well, you know what I can do here for a moment? Well, we got just a few seconds. I do mean just a few seconds. We go back to those black background screens and go all the way over here. Here's the PTRs, horizontal trading ranges for the S&P. You can see it's actually inside a rising price channel now, but it's trading with inside that. This is the cash in to see trading with inside that consolidation out there. That's the market that we're in. It's a very choppy and frustrating, but a consolidation is a consolidation. Stevie Boy will be right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, Forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report, subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Subscribe to the Opening Call newsletter at TFNN.com. The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. 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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Great, we were taking a look at the S&P 500. We're looking at its primary trading ranges, those were the vertical wines and its diagonal price channels that are out there. Right now we've got the Dow chart. This is the weekly chart for Dow. So unlike the S&P that I showed you over here where I said, hey, we're in a rising price channel there and right now just with inside a consolidation pattern out here and we take a look at the Dow. It's the exact opposite. We're still in the descending price channel and that's the red vertical lines to the downside. I know that 34, 152 level is a very key level of resistance. There's been 13 instances where on a weekly base we've had closes at that price point out there. So that's a, we're trading, it's been trading into significant resistance. If I take a look at Goldilocks out here and so we take a look at Gold. Here's the horizontal, the red, those are on the monthly chart by the way that we're looking at right now. So you can see that 20, 26, 50 area, a real strong area of resistance. Basically where we're trading right now. You can see the vertical, the rising price channels, both the yellow and the green ones out there and you can see the green ones showing us a, that's a midpoint, that little dash point as a midpoint. So we can see the prices up against horizontal resistance at 20, 26, a vertical resistance level being a rising price channel, a midpoint of it and then just above it is a larger rising price channel out here. So Gold has got its work cut out for it as we speak right now. Will it be able to get through all of this? I don't know. I don't know out there. So that's what's going on with regard to those charts. Let's get over to some of our questions that have come in. The first one coming in from both S&P and Dano inside the Tiger's Den. They want to take a look at the GDX. So let's go switch over to the white background charts. In the case of S&P, he's asking, where's an entry point? In the case of Dano, he's asking, will this get back up to its highs out there? So as we pull together these charts, here's sort of what we know. On a weekly basis, there's the potential Dano and S&P that we will get a TD9 count top. Now in order for that to happen, the GDX must close above the close of bar number five. The close of bar number five is $3,509. If price can close above $3,509, that actually gets a little bit bearish because we would have a weekly TD9 count top. Now what we don't have on the daily timeframe yet is the bearish reversal candle to confirm a roadsman to Mindicator top. If, on the other hand, gold on a weekly basis closes below that closing price of bar number five, $3,509, this pattern goes away, and then all you're dealing with here is profiles, profile resistance, which is dealing with right now at $3,515, and then profile support, which would be between the range of $3,230 and $3,325. So really, S&P, the answer to your question may really rely upon not how this is trading today, but where price closes on Friday. In actually, Daniel, that same thing might come into play out there. If you get a confirmed TD9 count top on a weekly basis, will we get back to the highs? I would say eventually yes. If you're talking about relatively soon, then the answer might be no, or at least there would be work to the downside. And so if we get that pattern, that TD9 count top, no idea that if we will, then my answer to you, GDX, would be your entry area would be between $3,230 and $3,325. If we were to get a bearish reversal candle or even a close below the current B point, which the candle says from just a few days ago, may fit, that did volume of $22 million, right now you're pulling back with $5.8 million. So we got about six million shares and three hours of trading. We multiply that times three just to kind of get a feel for what the end of day volume might be. That gets us to 18. We're pulling back with lighter volume. But a price did close below that low. That low is $34.52. That would set up an A to B equal CD to the downside. And then what I would say, SNP is your entry area would be around that A to B equal CD pattern when a bullish reversal candle would form. I would think the price target would be around $33.38. We can see on the weekly, or the monthly chart out there, the B point has been passed. The B point was from January 2023, 461 million shares traded. Well, that was passed last month with 436 million. So light volume there. And this month it's way too early to even really know. I'm not going to do some kind of gauge, but there is an A to B equal CD pattern that gets us up to the 3827 level. So where are we on consecutive days lower? You know, maybe it was the GDX that I was looking at and it wasn't the ES or the NQ or the YM. Here we're going to be in day number four it appears of consecutive moves lower. So what we ought to see, and I don't want this to necessarily, you know, so I'm just giving with you, it's really almost more of a, well, we really need to take a look at Friday's action, but at a daily basis price of below that oscillator and change line and the top of its profile. So that's suggesting a further pullback, but now we take a look at consecutive days lower. You got to expect a little bit of a bounce or rally tomorrow. Does that mean it's a bottom look? It could be, but I don't have a pattern to suggest that. So I hope that that provides you with your, both of your answers. So in the case, let me just re summarize. In the case of the GDX, we really need to understand what's going to happen on Friday to then be able to help us answer the question whether price going to be able to get up to its recent highs or whether we're going to see a pullback into the 3338 is 3230-ish type level out there. And so that means I really can't answer that question today. But right now what I can share with you with the signal to you and I is, is that price does want to move lower. It's below support out there. And if I look at a 30-minute timeframe chart out here for the GDX, what do we see? We see what's open is 3440. It would be a price target for the GDX. And that's using a 30-minute timeframe. And that was its TD9 count breakout level. So I hope that helps you out both Dano and SNP. Thanks much for the question. SNP had a second request. That was taking it on semiconductor. ON is the ticker symbol out here. In the case of on semiconductor, it's got the possibility, SNP, if this can rally to form a TD9 count top sometime by Friday. So it needs to spike above. It doesn't have to close above. It just needs to spike above. Well, bar number eight. Yeah, it should be bar number eight today. So it needs a couple of things. It would need a spike above. This would be by Friday. By Friday it needs a spike above 8172. By tomorrow it needs a close above 8122. If it doesn't get the close above 8122 tomorrow, we don't worry about a TD9 count pattern. And the question would be, is this going to form an A to B equal CD? Well, the B point that should be chosen is the candle session. Well, the one that I would use is the one from May the 2nd. That had volume of 8.3 million shares. This price was moving up into it was with 7 million shares. That was that wide-ranging bar. So you need to close above that high, that high again being 8138 to then trigger an A to B equal CDT upside. So don't know if we have that pattern out here. You were asking, I believe SMP, where's an entry point? Pull back to its green oscillator and change line would be that. You can see how price is trading above profiles here. So that would be your logical area of support there. And you just got a consolidation inside the weekly. You've got a rose meant to indicator top on the monthly, which has led to a consolidation with price above both the profile as well as its green oscillator. Its overall signal is neutral. Neutral weekly consolidating, neutral monthly consolidating weekly bullish really on the daily timeframe out there. So I hope that helps you out with regard to on semiconductor SMP. Roger inside the Tiger's Den, wants to take like a ticker symbol AGCO. So let's get over to that chart out here. And Roger, I know you're looking for the next 30 days or so. This is struggling. This is really struggling. We take a look at the weekly and the monthly chart. Now the weekly shows that price ran up to resistance this week, which was the oscillator change line. The same thing last week as below profiles. This is not really the message you want to see as a bullish message. That's coming from the weekly chart. The monthly chart, well, it's lost its momentum, but it's just consolidating quite a consolidation level. But between 89, 25 and 158, 62. Wow, sir. Steve Rhodes with TF and I will finish looking at AGCO since we get back. Gold report. As a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai gold exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. 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 we're taking a look at those charts here for AGCO, that is AGCO, a corporationist for Roger inside the Tiger's Den. And as we take a look at these white background charts, the best that I can share with you because you've just got consolidations basically going on. So that $129.97 is key-level resistance. You'll see on a 30-minute time frame chart, that's the weekly oscillator change on. You'll see on the 30-minute time frame chart, it's $132. That was real key resistance. We had a TD9 count bottom, took price right up to the breakdown resistance area of $132. That's the level to be watching. If price includes about $132, well, that's going to tell us that price wants to get up to the top of that daily profile. And if not, well, then you know where resistance is at. You asked about the seasonal charts out here for AGCO. You asked specifically about the last five years. The question is, do you want the March 2020 data in there or not? So it's not in there. This gets it taken out. This leaves it in. When we take a look at AGCO, this suggests that this wants to move lower into the next week, about 10 days from now, move higher up into the June time frame out there. But what I see is a consolidation out here in ticker symbol AGCO. So I hope that helps you out. And thank you so much for the request. Next request coming from McGuppy inside the Tiger's Den. McGuppy wants to take a look at BBAI. I guess this was out with earnings perhaps last night. What is it doing? Well, it's trading with inside its profile, sideways-ish type of a move. It's testing support right now. Let me actually get over to my other screen to see where BBAI is testing is trading. May not be trading at 273 because of a BBAI, a slight little data feed issue, I believe, but 263 is the last print out here. So it's trading below the bottom of its profile. Let's take a look at what it's doing from a volume standpoint. About 5.4 million shares. The last time we were down here, this was on the trading day of May 4th, was with 4 million shares. So this is pushing towards a swing point with volume, pushing into it. It's actually into it. It doesn't show on the white background chart. So I would say this, if a price of McGuppy closes below 264, and you're 262 right now, don't pay attention to white background charts, odds-favorite, you're going to go test that low, the low of that swing point from May 4th. That low is out at the 239 level. If price closes below, really it would be, if price closes below 236, that will trigger an A to B equal CD to the downside. Where does that take us to? It would probably take us to the breakout level. So here would be, here would be, we don't have that yet, we're going to move this over to where the C point would be at this moment in time. Should we get that pattern? And that would take us to, yeah, close to that breakout level, the CD9 breakout level in about the Buck 57 area. That's not the pattern that is in play right now. 241 is also another level of support. You can solidate it between the Saucer and Changeline in the middle of his profile in the weekly base at 368 out there. So that's what I see when we take a look at BBA. Now it did have three consecutive days to the upside. So we look at that out here. That would be kind of its normal dance steps. It's usually two. So, McGuppy, we should not be surprised to see this pullback in what we should be prepared for. It looks like it's a two to three to four bar type of reversal out here. So that's what I see when I take a look at the chart patterns inside of BBAI. And I do hope that that helps you out. And thanks so much for the request. Dan, inside the Tigers Den, he wanted to take a look at Vuzi. So let's go take a look at Vuzi out here, see what this is doing. Vuzi, I don't remember what Dan was asking for. Here I've got the yearly chart. We've got monthly, weekly, daily, and I've got some inter-day panels. So we take a look at the daily chart. Beautiful looking at that chart out here. Suggests that price wants to get up to its TD9 count breakdown level next, 483. Dan, if it can overcome that battle, then it gets back to the prior highs and then it gets back to the current to mid-cater top. That could take us into about the 604-ish range out there. That's coming from our daily timeframe. The weekly timeframe chart for Vuzi shows us what? Well, let's open it up to find out. It shows us that price is trying to get back inside its profile level. So where a counter-trend move would fail would be at the price point of 493. So watch price as it gets up there, Dan. You'd love to see price close above that. If it do, 576 is in the cards. That's the top of the weekly profile. On a monthly basis, the monthly chart tells us that a Saucer and Changeline is where it should find resistance. That's also about the center of its profile. And that level there, Dan, is 544. So the daily says, I want higher. I don't see anything about the weekly or the monthly that says it doesn't, but the weekly is dealing with those profile resistance levels. So 493, and then you've got that 544-ish level. So right around that 493 area where you're going to run into some pretty good resistance. Now, basically the 195-minute chart, there's 295-minute bars in a day. You are now in bar number nine. That says at day's end, on a 195-minute basis, Vuzi will complete a TD-9 count top. Now, what should typically happen is price would pull back to test its Saucer and Changeline. That is currently printed in about 414. I see the 65-minute chart. Now, this chart here is going to complete at, let me see if I can give you that time. It's going to complete at 1140. And at 1140, you're going to have a completed TD-9 count. So here's what I would be doing. I would be watching that high at present, and we've watched that four minutes ago, so I'm going to assume this is going to hold. That is at 475. If you see a close of about 475 on a 65-minute basis out there, that tells us that this momentum continues. And then your next potential topping signal, Dan, would come from the 195-minute chart. And then you just watch that. If that high gets taken out, then that tells you we're continuing to head higher. And I'd say it's at 493 to 544 area. That would be the range out there. So that's what we see when we take a look at Vuzi. Dan, I hope that that helps you out. And thanks so much for taking the time for the request. And, folks, I would love more requests if you're inside the Tigers Den. And, of course, if you are just listening in and you would like to give us a call, 877-927-6648. Or you can send me an email, Steve, at tfn.com. And let's go to the next question, which is coming from Aaron. And Aaron wants to take a look at natural gas. So let's go take a look at the natural gas contract. Give me a moment. We'll get back to those charts out there. You're welcome. Dan O. Well, that was just Dan. We've got another Dan O inside the Tigers Den. So Aaron's question says, good morning, Steve. Can you please review natural gas? Thanks so much. We can. So when you take a look at these natural gas charts, the one pattern that you've got to love out here is the weekly pattern. It is completed at bar number nine. This week will be the bar following bar number nine. This will have a completed TD-9 count pattern at the end of this week. Now, the issue has been that booger, that oscillator and change line, that red oscillator and change line that tells me we have a falling price and it blows zero on a weekly basis. Those are bearish conditions, but we got a bottom. And we're trading below profile. So we go with the overall neutral signal that we have here. But boy, a price can overtake that oscillator and change line close above it. Then we got action. Now that action will only take us to 250 or 274 or basically 314 out there. That's what the weekly chart tells us. Monthly chart says, I don't know what bottom you're talking about. On the weekly chart, that's what's its message to you and I as Aaron. The daily is waiting for a bullish reversal counter to confirm its rogement to indicator bottom. Price is still testing the center of its bullish structure profile. That's at about 219 as long as can hold that level. That would be a beautiful thing. That's the area where you'd like to see support. And that would suggest so we would see here and Aaron is a move up to 242. So maybe today, now we have had three consecutive days to the upside. So let's take a look at those consecutive moves out there and actually four consecutive days to the upside. Do we have four? Is that possible? In three days. Oh, this is a 10 minute chart. Geez Louise, that's not the chart I was looking for. Steve Rhodes with TFNN. We'll be right back. No wonder it didn't make sense to Steve. We'll be right back. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys and stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. At TFNN.com, educating investors. Are China A shares hot or not? 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For Aaron and we have one other request to take a look at natural gas. So what we can see here is there is a three-day move to the upside. Last time we had a three-day move to the upside, we had one move, one day move to the downside. Last time we had a two-day move, we had a four-bar move to the downside. So I'd expect that we see natural gas bottom either today or tomorrow with a normal one to two-day pullback out here but price is holding support at the center of that bullet-structured profile. So if you're looking to get into natural gas, you know, now may be a time to do that. So I hope that helps you out both Aaron and there was another request I saw that came in by email out there. Roger wants to take a look at the Dow Diamonds. Why do you want to look at the Dow Diamonds? Roger, what we really would want to look at is the Dow equity future contract. I'll put up the Dow Diamonds out there but they're not going to provide us with the type of information that this chart would. So let's go put this chart up here first. And that's the YM. So at least with regard to my chart work. So during this show, we're looking for patterns. We're looking for patterns that help us identify tops or bottoms. Those patterns include the TD-9 count. They include the roads momentum indicator. They include the A to B equals CD pattern. They will take a look at the test of swing points out there and so what we want is more information, not less. So I don't ask people to trade the future contracts. What I ask them to do is if you're going to trade the S&P or the NASDAQ or the Russell 2000s, get access to it and understand the patterns that are going on intraday and all different timeframes out there. It will really assist you. Now when we take a look at these Dow equity future contracts, they're not going to show us anything different than what we already looked at inside the ES and the NQ. We are in consolidating markets. We're not getting a lot of top and bottom signals here intraday. We do get them periodically. But as we speak right now, we got nothing. We got nothing, not a zilch. Now what's really important for you to take into account is if we take a look at the left-hand panel chart here, you can see that prices struggle to get back inside that profile. Up at that 33, well, let me give you the exact number out here, up at the 33, 8, 19 level. So price can't get back up in there. It's telling us that okay, you can't get it back up into a support area and you're dealing with resistance. And even though we have a higher high today than yesterday's candle, lower low than yesterday's candle, things in the Dow are still trending to the downside out here. And the issue with regard to the Dow equity future contract is the daily timeframe doesn't have any other support other than all the way back down at the lows of March out here. But I'll switch over and take a look at the Dow diamonds. We'll take a look at the Dow diamond chart. They're coming up here momentarily. So here's the Dow diamonds. Dow diamonds show that we're trading right now below the bottom of its profile. It is trying to test, it hasn't tested it yet, it's trying to test that, oh maybe it has. Let's see if it's tested this swing point. 3.5 million shares on the trading day of May 4th. And that high was 333.59. The low today is 333.64. Nope, it hasn't got down there. 1.5 million. We're maybe at about 4.5 million or so last time that we were down here, 3.5 million. So what this is telling us here, Raj, is that price is moving lower and it's doing it with energy. It's doing it with more volume out there. It goes below 3.35.66 and you have not tested this swing point, even if you test it, it would say that you'd be back down there. So it looks like May 4th is where price is going to target inside the Dow diamonds, but still what I would do if I were you and you were trading the Dow, you're trading the diamonds out there, go get access to those Dow equity future contracts and put on the short-term time frames and that will help you out immensely with regard to the patterns that, at least that I share with you here is certainly the A to B equal CD pattern out there. So let's move on to our next request. So thanks for the request there, Roger, and allowing me to give you some additional thoughts. Daniel wants to take a look at the KRE. That's that banking sector, regional banking sector out here. Trading out, it looks like in about the 3707 mark. Let me just make sure where this is trading. That is below profile, I believe. Yeah, 3708 was the last year. So it's well below its profiles. It actually has, believe it or not, it actually has a roads momentum indicator bottom and it confirmed that when I gapped to the upside on May the 5th. Now what price is doing is testing support, but if price closes below this red oscillator change line, 37 even Stephen as we speak right now, the Dow's favorite is going to go test that swing point. Now, that swing point for May 4th did volume of 117 million. You're only at 9.5 million today and we've tested that high, I believe. The high of this swing is 3705. The low today is 3681. So a close above 3705 would be a test rejection of that swing point with light volume. But would you want to play it? I don't know to answer your question there. What you would be looking at, this would be suggesting a bounce up to 40. If it does that, it would be suggesting a bounce up to 4047 or 4132. Nothing looks good on the weekly. And on the monthly price did pull back the test's breakout level of support, 3517 out here. Is there anything else that Stevie's got for you? On a 30-minute chart real quickly here with regard to the KRE, the Spider S&P Regional Banking ETF. I really don't see a whole lot here that's going to assist both you and I with regard to this instrument. So you do have a roadsminter indicator bottom. You are testing this swing point with lighter volume. You are testing the oscillator and change line. If we get a test rejection, then I believe this is communicating to us that Price wants to get up to go test the 4094 level. I take it back on the weekly chart. There is a TD9 count bottom pattern. I said there was no bottom. I was wrong on that. So it's got a bottom there and you've got a bottom on the daily timeframe. And Price pulled back the support level on the monthly. There might be something in here. There definitely might be something in here. Steve Rhodes with TFNN. Let's go on to the next request out here and that's from Aguapi. You want to take a CFRX. Move over. Take a look at that set of charts out here. CFRX. That is... I'm going to go with this being some type of farmer stock. Contrafect Corp. Don't know if it is or it isn't. But what I do know is what the heck is this thing? What is this? This has been trading at $1.66. Is that the correct ticker symbol, Aguapi? You're looking for an entry here. Wow. I don't know that I can give you a whole lot. There is no volume in it. What the heck? Yeah, this... Yes, it's correct. Okay. I mean, for example, yesterday this did volume of what? 133,000 shares. The day before 187. The day before 376. There is no volume. This thing can be put in some dollar stock. You yourself could push this around. In a heartbeat. You're looking for an entry point. I'm stumped here. I really don't have something that I can provide to you. I mean, look, this thing certainly gapped up here. It formed a TD-9 count bottom. So it most certainly did that. It completed that pattern on April the 14th. It gaps up with that what for it, which is big volume, 120 million shares there. All it does run into its second level of TD-9 count breakdown resistance and just completely gives it up. So all those people, that 120 million, that group of people, right now they're saying, you know, I'll take my money back. I'll just, please, just get up to the top here. So I think with regard to that, this is, this is a, you want to buy point a buck 39. That would be its red oscillator and change line. But I'd be careful with this. I'd be careful with this stock. Not that I know anything about it, but you got a whole group. Just think, I know there was a sign of strength out there. Okay. And you had another sign of strength, right? There's two signs of strength on this, in this instrument. The first one we took a look at on that wide range of bar. I think the second one is right here as well. On April 27th, 62 million shares. So you got 62 million shares there and 120 million shares here. How do you think those people are feeling about those entry points? You know, at $3, 395. And this is traded a buck 69 and below profile. C. Roge with TFNN. We'll be right back. 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? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, Educating Investors Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. We've got still a mixed bag out here. You've got the Dow off 90, S&P is up 9, NASDAQ 114 to the upside, Russell's up 6, Semi's are up about 42 points as we speak. Let's just take a look at that market breadth. Let's stop in here, take a look at that market breadth real quickly, see if that's changed. Here's the S&P. This is negative for all four time frames. I was speaking right now, and the NQ is bullish for all four time frames. You want to talk about choppy market and mixed conditions out here, here it is right in front of our eyes, in front of our face. So what I would expect is these choppy conditions to continue real quickly. Let's go take a look at two requests that have come in here. One was for McDonald's, this is for ELO. McDonald's here has a Roadsman Dominicator top and price is just trading with inside its profile. If we get a close blow, 295.05 ELO, you should see 293.07. You are going to form bar number eight of a TD9 count this week. So you could get a TD9 count pattern on a weekly base that completes between this week and two weeks out from now. The monthly still looks very bullish out there. So from a resistance standpoint, you've got to close above 298.46 to really get its mojo back. Last chart, I believe that we're going to go take a look at this also request from Duncan Steeve wants to take a KOPN. We take a KOPN, we've got a bit of a consolidation with inside a daily profile. Resist at 102 and support at 97 cents. You've got a wave number seven and TD9 count bottom on the weekly basis. But Duncan price has been unable to get back inside that weekly profile. The real key level for you to see, watch is 104. You would like to see two consecutive close above that if you are long this position out there. And on a daily timeframe, I see a TD9 count bottom which is that sideways motion out here. The real resistance level on the daily timeframe other than that 102 area is going to be 117 out there. So folks, we've got these choppy conditions real quickly. What's the 30 minute timeframe look like out here? Just what we took a look at the other four out of 30 minute timeframe were bullish with regard to the S&P 500. Again, remember the other timeframes were all negative. Inside the NQ, it's also bullish 32 above 26 below. Folks, stay tuned for great programming. I'll be back with you tomorrow on terrific Thursday. Please have a wonderful Wednesday. Be safe out there. Thanks for joining us.