 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-445-1044. The Trader's Edge. Now, Steve Rhodes. Good day from TFNN. Welcome to the July 8th, the magnificent Monday edition of today's Trader's Edge show. I'm your host, E.B. 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. Hey, let's make sure we have an extraordinary one. And, of course, 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 the 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 passed, yep, 8 o'clock in the morning. That's right. If you're listening in at the normal timeframe we'll make today's show as pertinent as we can right now. We're coming to you live at 8.07 a.m. And at 8.07 a.m., we've got the Dow equity futures down about 70 points. S&P futures off six. NASDAQ down 29, all about a quarter of percent, three tenths of a percent to the downside. Gold's trading up six bucks. Silver is up 10 pennies. Of course, I want to hear from you. So, give us a call at 877-927-6648. If you can't call in, let those fingers do the walking. That's right. Send me an email. Steve at TFNN.com inside the subject heading, please put radio show question. Are tigers then? Well, any ping we'll do. So, let's go ahead and get this show started on magical, magnificent Monday. Of course, this is Tiger, financial news network. I'm Steve Rhodes. Welcome to LUS Show. So, as we indicated, you've got U.S. equity futures down. Gold's up six bucks. Silver up 10 pennies. Let's begin with, you know, what is it that we should be watching during the day here? What's going to be important? And I think that the level to be watching, let's just watch, take a look at the ES mini. Let's take a look at our two-hour timeframe chart out here. Now, look, our role, yours and mine, for whatever timeframe it is that we trade, is always to be able to identify support and resistance. Really should be one of the first things that we do out here and then also any kind of topping signals, bottoming signals and so forth. And then we take a look at the ES mini on the two-hour timeframe. We've got one of those rose momentum indicator tops out here. We had price moving higher, doing less relative energy. We had some bearish reversal signals to confirm that top. Eventually price began trading below support. That was at six o'clock in the morning on Friday, support being the bottom of its profile for that specific timeframe. But where price and that topping signal, all the topping signals mean is, hey, I'm going to go ahead for that specific timeframe and send price back to test its level of support. Well, one level of support or another level of support on a two-hour timeframe chart for the ES mini is where price broke out. And that's the red solid line that you see on my screen here for watching us on Tiger TV. That price point is $29.76. That began on the bar at four o'clock in the morning on July the third. Yeah, July the third. It's a two-hour chart that we're looking at out here. The reason why that's where the breakout began versus coming all the way back to, let's say, 1,600 hours on July 1st, where you've got a very clear swing point is because from the trading session that you and I just looked at, the low, which is $29.76, you then had nine successive closes where the close of each of those candles was above the close of the bar four bars earlier. That created where price had broken out. It's not unusual for price to pull back to a level where things broke out. That's why it's on the countertrend rally to the upside where price broke down. Here we're looking at breakout. So $29.76 is a real key level. Now, how do you and I know that? Well, Friday's action got rockin' and roll into the downside and price did what? Tested and rejected $29.76. That is the key level. If price closes below $29.76 on any two-hour timeframe today, and this will be especially helpful at 1.10 in the afternoon, here's what you would anticipate. An A to B equals CD to the downside out here. And that would give you a price projection. Just your one-to-one level would be $29.63. Remember, only 40% or 60% of the time will we see an A to B equals CD complete at its one-to-one level. So then you have to consider the other areas. The other areas being 1.272 expansion. That would be $29.53, and then $29.41 would be the 1.618. We're not there yet. Price is trading above $29.76, where $29.83, that is key support. Watch that. It wouldn't surprise me to see price go back down there, tested and rejected. But again, if we do see a close below that level, well, then you know that those buyers that were there on July 3rd, well, they're still vacationing somewhere, as many are. So to me, that's the key. That's the most important chart and most important thing for you to be looking at during today's trading session. So whether it's 8.11 in the morning or whether it's 1.11 in the afternoon out here. If we take a look at the Dow Equity Futures contract for that specific timeframe, well, price here on a two-hour... Ah, that's the five-hour timeframe. I'm going to go grab the 120. Let me do that. Which you did see a topping signal inside the five-hour timeframe out here. You also see that same pattern, the same pattern meaning the rows went to indicator top on the two-hour timeframe for the Dow Equity Futures contract. And again, it just simply went ahead and priced down to the... It's breakout area. And that level is $26,762. Yes, you should be writing those levels down on a pad of paper. If at 1.12 in the afternoon, price is trading below that, well, then what you know is you have an A to B equals CD to the downside. With an initial price projection, well, we'll give that to you here momentarily. The 1 to 1 area would be $26,672, 1 to 1.272, $26,596. Again, I'm not saying we're there yet. That's what to watch for. Price is trading on the two-hour timeframe, by the way, below Stevie's green line. That's right around the 26,867 level out here. So, and price is trading right at the bottom of its current profile. So, watch 26,762. We're simply going to make it easy for you out there. The two-hour chart for the Russell 2000, what did it do? Give us a topping signal per se out here. Excuse me. Not like the ES two-hour or the Dow. Nonetheless, when price pulled back on Friday morning, it found support at 1563.70. That's its breakout level. And so you're going to want to watch that. And the only one that wasn't really participating in the game was the NQ. Now, when I say not participating in the game, what I mean is that price actually closed below 78.30 out there. So, is the NQ generating some kind of message force? Look, this formed a roads momentum indicator top. That was at 2 o'clock in the morning. You got the bearish reversal signal at 4 o'clock in the morning. Again, I'm referring now to July the 5th. That was on Friday. It says, okay, I'm going to send price down to test support. That was 78.30. Price actually closed below that at 10 o'clock in the morning. Out there, we're trading below that level right now. So, the key level to be watching here in the NQ today this morning is going to be 77.97.25, the low of Friday. If we see a close below that, let me give you the A to B equals CD. Let me see, here we go. Okay, so the A to B equals CD pattern here for the NQ would take us down to the 1-1. It would be 77.68 out there. The 1-1.27277.37. Key number for the NQ today, 77.97.25. This is Steve Rhodes coming to you live early from Delray Beach, Florida. Good to be with you on July the 8th. We'll be right back. The TAS 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? 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Sign up today. All of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. We're 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. We can tie together out here. The Alex wrote in. Alex's specific question is... Hey, Steve. Hey, Alex. Will this week see more highs in the averages? And then we've got a question from John and the Tiger's Den. Wanted to take a look at the S&P 500 chart specifically to see what it is that we see out here. So now that also being said, because you didn't want to look at the futures contract, give me a second to pull that up. But even though that's what you asked for, and I'm going to give that to you, and you're asking about the S&P 500, the more important chart, believe it or not, is going to be the NASDAQ. But I'm going to give you the information that you're asking for about the S&P 500. But let me clarify for you what it is that I mean. And only because I have these charts here open just to make it easier. If I take a look at the ES mini, just an example. There's no real topping signal that I have out here when I take a look at the weekly chart for the ES mini. So just that as it is. And the same thing is going to be true when I take a look at the S&P 500 cash indices or the SPI or anything. No topping signal for the patterns that I use out here. That is not the case inside the NQ. That's why I believe the NQ is really more important to be watching than the S&P 500. Now this is the weekly chart here for the NQ right now. And what we can see is that price has begun moving higher doing less relative energy. That is one of the elements of the roads momentum indicator top or bottom signal. In this case, the topping signal. If at the end of this week we see some type of bearish reversal candle, it would confirm that pattern. But we can also see at 76.97 that Stevie's green line. So really we'd be looking for not just a bearish reversal candle this week, which would be a topping pattern. The NASDAQ can go ahead and take the markets lower. We would also want to see a close blow 76.98. That number is going to change obviously, but that is the general vicinity. And if I do the same with all the other weekly chart formations out there, same thing is going to come into play. No topping signal per se. With regard to the S&P 500, we don't know whether there's a bearish reversal candle that's going to form this week, which is why we start with the shorter term time frame charts like we did at the open this morning, the open of the show I should say, in taking a look at the two hour time frame because I believe though the messages from the two hour charts are the ones that are most important, at least right now on July the 8th. With regard to the S&P on a weekly basis, the cash indices out here, disregard the task market profiles that show up on this chart out here. And if we take a look at it, the reason I say there's no topping signal per se, there's no topping pattern. There's no road momentum indicator top as there was back here at the highs. The highs that I'm referring to is back in September, October of 2018 out there. So there were the patterns. You also had the TD setup pattern going on. She had a combination of things that just said warning Will Robinson. We don't have that in place right now. With regard to what's the S&P 500 going to do. So your question is in the both of an essence. Well, in Alex's cases, are things going to move higher? Well, Alex, your question with regard to things moving higher, hopefully I'm tying this stuff together well enough for everybody out there. It's going to be a price point inside the ESMini of $29.96. Sorry about that. So I'll call it $29.97 out there. If price were to close above that, Alex, then the signal is that that price should move higher, whether it's for the entire week that I don't know, but should at least test then Friday's highs out there. Friday, we saw price test both the prior days high and prior days low, generated key reversal session out here. But not until price, and there's a new profile that is attempting to form support is $29.51. I won't know if this profile is going to take hold until tomorrow. We're using Stevie's Advanced Doppler system out here. But $29.97, Alex, in the ESMini, $29.97, John, in the ESMini will be helpful to you as well with regard to what the intent of the markets are. As long as we're on this page, we can see you've got new potential profiles in the NQ, as well as inside the Dow. Now, the beauty of that is it provides us with support and resistance that you or I would otherwise not know, and it's very relevant out here. So if the NQ is going to, we took a look at the weekly chart out here, and this is the beauty of assessing things and putting together, at least from Stevie's perspective out here, we know about price moving higher doing less relative energy out there inside the NQ. I'm also going to go ahead and pull up the NDX100. We can see, in essence, the same thing. They're the same pattern play out on the weekly timeframe. So inside the NQ with its new profile, $77.63 is going to be a key level out here. What we can see is that's the bottom of the box of the profile. And if we were to get it closed below that level, it would be the first time closing below support, if you will, coming off of the June 3rd low out there. So that could be a potential change in trend signal. So also you, Alex, you'd be watching the $77.63 area out here. Here is the weekly chart for the NDX100. You'll see it's, in essence, doing the same thing. There's a little black diagonal line drawn on my chart out here. Now the number, or Stevie's green line, for it would be $76.37. So approximately a close below that on a weekly basis says we could pull back. Now pull back to where? Well, pull back would be either the low of the June, so that June 3rd area, or you could see price pull all the way back to $64.1298. If we do get a top out here, I would say more likely than not, a price move down to $64.1298 inside the NDX100 would be the likely. And that's coming from the weekly timeframe charts out here. And so I believe that it is the NDX100. I believe that it is the NQ that are going to be the indices for us to look at. Now what happens if, in fact, price continues to motor on higher out here? I believe we're still in a consolidation pattern. Here is the S&P 500 you asked for specifically. If we take a look at the S&P 500, I would just simply connect the resistance stock. Dot, in essence, would be the high of January, the week of January 22nd. The high of the week of September 17th. This is 2018. You'll see that diagonal line. This week that number would be approximately 3025 out there. So price could bounce up to the 3025-ish level. And with the daily profile that is out there, you close above that, that would be your signal that that would be the pattern that would be under way out there. The New York Stock Exchange is saying, whoa, whoa, whoa, hold your horses kind of thing out here. It's showing that it's got some type of bug, so to speak. I don't know if this is just a cold, you know, or if this is going to turn into something more than a cold out here. And price has been moving higher, but it's been doing it in the face of a falling advanced decline oscillator reading. Those are the green diagonal lines you see on the upper portion of my screen and the lower portion of my screen. They say to be careful out here. The pattern may just be nothing more than a retracement. That I don't know, but because you and I have these new market profiles, it makes it easy for us to understand is it just a retracement, meaning price pulling back to support, or is it something more than that? So John and Alex, in answering your question, hopefully I've done with regard to what is it that we see from a weekly perspective scenario and the S&P 500 on a weekly basis, I don't have a pattern that is as significant as the one in the NQ or the NDX100. And so therefore, let's focus our time there as to what the market's true intent is for this week. 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. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks 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 Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, and right now we're offering licenses available at only $79 a month. We are so confident that you're going to 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. Welcome back, folks. Hey, if you're listening in at your normal time, 1.30. It's actually 8.30 in the morning recording today's show. Here at 8.30, I'll do the Tomorrow Show at the regular time and then also do one of Tom's segments. I think it's the three to four yet. It isn't three to four tomorrow on Tuesday. And then I'll be off Wednesday, Thursday, and Friday, so no shows those days out there. Right now we've got the Dow Equity Futures S&P down six. And you can reach out to me if you're listening live. I'd love to hear from you. 877-927-664. You can send me an email at TFNN.com. Just put radio show question if you would in the subject heading. Of course, in the Tiger's Den any ping will do. So what do we want to take a look at next? No questions in the queue. I'm going to assume that folks want to go take a look at Goldilocks. So if we take a look at Goldilocks out here, what's the key for us to be looking at? Well, the key is going to be its TAS market profile support and resistance out here as we put those up on the screen for you. You can see that Friday's action out here. We saw that move lower about 20 bucks or so a little bit more than I think interest session price inside the Gold contract got down on Friday to a low of $13.88. Now at $13.92.50, price by the way closed back above that level, $13.92.50. That's the price of the daily profile. It'll require probably two closes below that level. $13.92.50 to suggest that a change in trend is underway. I suggest that you be cautious on Gold if you are long. Put your stops in play out here. There are just simply too many topping signals to suggest otherwise. They're all over the place when we take a look at Gold. What do you mean a jelly bean? Long term wise, we've talked about this. $14.34 is a key level out here. It takes us back into August of 2013. That stopped the advance of Gold at the same time that it was doing that on a weekly basis out here. Gold was completed in A to B equals CD out here. It did that at the $14.38 level. It created a shooting star last week based on the close was a close below the low of that shooting star. Yeah. And that was followed through to the downside. This pattern says be cautious out here. I didn't say I have to close out the trade. I said make sure that you adjust your stops. The weekly has a topping pattern. The monthly that's what we're looking at here right now has a topping pattern. The daily has a topping pattern. A TD set up that's what we're looking at here. That's what we're looking at here. That's what we're looking at here. Where bar eight was the actual high out there if price closes below that 1392 50 what I want you to anticipate is a pullback to support to where price broke out most recently. That's the price point to 1336 60 will price stop there on any decline. I don't know. I don't think that's what we're looking at here. That's what we're looking at here. That's what we're looking at here. 1660. You then looking at 1272 out here. So just simply be careful. Support has not broken because support is not broken. I can't give you the signal to say hey you got just must be aware of the topping patterns that are present inside of Goldilocks and then some intraday levels to be watching to the downside 1400.50 and 1394 20. Those are on a 30 minute break basis breakout levels out there. So that's what I see when I take a look at Goldilocks. I suggest being very very careful out there. Let's take a look at the lights weed crude haven't looked at that for a while. Let's go see what patterns we have going on inside of light weed crude. Let's actually find the contract out here. Let's put it up on our screen. You've got lights weed crude. Is it the is it's trading out at 5738 down 13 pennies out here. Let me just expand this out and get rid of a few things so we can actually read it. Okay. So if we take a look at lights weed crude right now what we know is that price last week looks like Wednesday, Wednesday, Thursday, Friday, seven along those lines 56.07. That's the bottom of its daily profile out here. So prices trading within the range of its daily profile the top of which is 59.93 the bottom of which is 56.07 out there. If we take a look at lights weed crude the daily time frame out here we can see that the bar following bar nine of the TD set up nine count was the high out there. So there's a topping signal. We can also see that price pulled back and tested not just was a test in the bottom of that daily profile was also testing Stevie's red line at 56.51. So here's the key with regard to lights weed crude. We know it's got on a daily basis got a topping signal price now when you get that topping signal what's it do it sends price back to support well we can see that support is held inside lights weed crude if price close below 56.07 price will move all the way back to its breakout area that was at 51.72 that's the price point out here resistance 63.02 but at this stage of the game on a daily basis lights weed crude has generated a topping signal that's what we see there silver we haven't looked at the silver out here can we look at silver sure we can do anything we want let's do this let's go take a look at that put up a silver contract take a look at its profiles out here and as we do that we can see that price is trading below the bottom of its box out there so give me a second I want to pull up a silver on my other system as well out here just look for patterns so very interesting so this morning the countertrend rally that's we have to call it because on Friday price close below support out there and if we take a look at this morning the actual high this morning is 1514 the bottom of the box is 1514 so watch silver today maybe that's going to give you a nice clue with regard to what its intent is today it's signaling potentially that the countertrend rally is over I look at a 30 minute chart out here for some type of signal I don't have that in play as we speak and I don't have resistance out here till 1536 so I'm not seeing a signal here at 837 AM something at 137 in the afternoon out there with regard to silver we know that the prices below the bottom of its up profile out here if I pull over the silver contract and take a look at any other patterns we can see the rose momentum indicator bottom but nothing here ups I didn't really well I take that back there is a guy I take that back I stand fully corrected out here there was a topping pattern out here inside of silver it's called the Gertley cell pattern it looks like this we can go ahead and hopefully we can do that yeah we're going to color that pattern in just so you can see that so this is in honor of Larry Pesavento who's going to follow this show obviously live and then it would be David White at the one o'clock show but here is the Gertley cell pattern that formally get rid of the A to B equal CD out there and so we've got a confirming pattern here confirming topping pattern reason why I say because of the bearish and golfing candle session that had form so price has gone back to support and this shows a different profile this is showing a different profile don't go with this profile we're going with the profile out here on my e signal system out there so silver says that hey it has formed a top now every Gertley cell pattern has five potential did I say potential I mean five potential outcomes out here and if we take a look at a couple more of those outcomes before we go to the breakout here the next outcome to the downside $14 and 83 cents if you're 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 for 10 years and pay no tax 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 that same $50,000 investment in the Tiger first mortgage program would give you $3,500 per year or $14,000 over the four years which would you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the Tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up-to-date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks, bonds metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD daily S&P biotech 3 times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-4767523 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 4 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 then hit watch tiger tv that's TFNN.com then hit watch tiger tv let's get into the next presentation folks ruby the Tigers Den wants take a look at Coco out here so if we take a look at Coco speaking of Coco how about that how about the tennis star Coco from down right there, right here in delivery beach so I don't know what she plays next but with you. Price is taken on resistance. That's the top of it. So, uh, daily profile. And that's at twenty five fifty two year twenty five sixty five out there. Now closing above that would be bullish. You see series of higher lows and higher highs out here. So everything here looks pretty good. Um, and looks like, you know, the target might be up in the twenty eight thirty four area. We're not going to go there because we've got other people who don't know. Okay, caution. So are you in the trade? I don't know if you're in the trade. You're asking for a potential exit. I don't see. I would just suggest to stop as we speak right now, knowing because we don't know if price is going to get the end of the day. We don't know if they know how I hate that test that those those words out there. Um, we don't know if at the close today, price is going to close over resistance to top of that profile or not out there, but we're going to go take a peak on that. So what we're going to see out is this move higher, Ruby is being done with less relative energy. That alone is not an issue. It can become an issue if you were to see some type of bearish reversal signal. Let's do a wave count out here from the lows, the low that my eye picks my eye spy with my little eye a low from March 21st. So what we'll see out here, and that doesn't necessarily have to be the low that we're going to have to see the bottom with nine count bottom that formed back in May and but that would give you either wave six or seven ear f out here. We know to always be watchful for wave number. Uh, seven letter G. No TD set up nine count patterns or anything like that, but price moving higher. Doing with less relative energy out there. Just be cautious. That's all I'm going to show you. I'm going to show you what that shows us. We look at the weekly time frame chart. Now this is the continuous contract for Coco. You can see how the actual high out here back in April 2018 was your TD set up nine count pattern. We do the waves on a weekly basis. Your wave number five to the upside out here. Um you can see a weekly profile level. It's also being dealt with. So you've got up in this time frame chart. You can see that you can see that you can't exit necessarily other than just continued to be cautious. In other words, I say no reason to exit. You know, it's almost as if I was going to say, Hey, you should exit. Well, then that means you should go short. Well, no, not necessarily out here. You can see the nice roads momentum indicator bottom that Coco formed this on a monthly basis. So this is longer term back in July. That was in 2017 out here. So that's what we know right now. That's what we know right now. At 8 45 in the morning, prices over resistance, but we do know there's resistance out there. And in fact, we also know there's another level of resistance longer term resistance out here. This is taking the continuous contract for Coco. This is a monthly basis out here. It takes us back to 1997. And what this does this generates its monthly horizontal resistance. And what you'll see out here, there's been four closes Ruby at the 25 85 level, we're trading at 25 65 as we speak. That is resistance. You'd love to see if you're long price close above that level. If it closes above that level, that suggests to move back to these highs out here in April of 2018. I can turn on the midpoint lines as well. The midpoint lines, which is where you can see the highs and lows in the midpoint lines, which is where you can see a reversal in trend out here. For example, those are the little dotted lines that just showed up. If you look at the lows back here in 2017, it was at that midpoint level 17 63 where price found support. Likewise, when we come back and take a look at where resistance was in April of 2018, it was also at that midpoint level at 28 59. So let me sum it up for you like this. You know, it's a top of a daily box, which is slightly above or the top of the weekly box, which is slightly above. You've certainly got this monthly horizontal trading range area. All this just simply suggests adjusting stops inside this trade inside this long trade out here, not to exit it and most certainly not to go short just yet because there is no such signal. You just simply know you're in trouble. I have just put on as you've noticed the fasten seatbelt signs for Coco or cuckoo for Coco puffs out there. So thanks for asking to hope that that helps you out. Now Tucker Tucker wants to go take a look at natural gas out here. If we go take a look at natural gas, it's trading out at 2.403. This is the September contract for natural gas on this on a daily basis. So we know that prices trading rates closed over that 2.37 level on Friday signaling that hey, it wanted to continue to move higher. Let me try to get my other charts up and going here just so we can see if there's any other signals out there. It's just taking me a moment to get down to the end. So there we go. We got natural gas. We got. Do we have September? We do not. I've got August. What I can tell you is that it's a continuous contract. So Tucker apologized for this. It'll take too long to reset the symbols, but that's okay. We're in good shape to go ahead and use the continuous contract. Disregard price per se out here. If you're trading the actual contract. But if we look here, what natural gas generated was a rose woman to indicator bottom signal. Did that when you had that bull sash candle on June 1st? Yeah, that's right. That's right. That's right. That's right. Those signals, those black diagonal lines being drawn. You got a bullish reversal signal. That's how the market talks, walks and squawks communicates to both you and I price was above Stevie's red line on that level. You're trading above the daily profile. There is no wave count for us to be worried about your only in wave number three out here. It looks like it wants to get to you. Let me try this. When I say, let me try this. Let me pull back here. Do I have natural gas on my synthetic contract out here? Do I do? Why do I? I don't. Odd. I don't okay, so I don't and let me come back here to this. I want to put on a weekly time frame profile for you, see if there was anything wrong with that. Let me turn this off. Let me turn this on. And let me make sure I turn on the weeklies as well. I'm just trying to provide Tucker with an idea. So Tucker, as we put the weekly profiles on here, you can see this for you can see this for yourself live. It would appear to me that what natural gas is doing is making a run up to the top of that weekly profile, and that's at 2.49 one out there. That is the September contract. Is there something wrong with that weekly chart out here? Yeah, I don't see anything out there that is of significance. So just looks to me like you've got a little bit more rally at least left inside of the move higher of natural gas. That ought to take price up to $2 and 49 cents. Steve Roger T FNN. Yes, many off about seven points. Gold up six points. Well, the Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. Well, originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical and the Chapman wave sequence using the Chapman wave methodology along with other indicators. Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. 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Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction and the need to detox. Nicar, hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong. That's why we need primal edge daily nutrition. It includes a special blend of ionic, soil based vitamins, minerals, baddie and amino acids in an easy to use liquid form. Primal edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They have been called miracle molecules because like sunlight air and water, 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. 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. Welcome back folks again. This show being recorded this morning between eight and nine. It's 8 54 in the morning, but making the show as pertinent as we can for you at 1 54. If you're listening in tomorrow, we'll be recording it at the normal time from one to two. I'll be off Wednesday, Thursday and Friday of this week. Presently the Dow equity futures down about 78 points S and P off seven Nasdaq down 28. Um Apple if we take a look at what's going on in the pre market out here, Apple closed its session on Friday, 204 23 trained down to a one and a quarter, not unexpected. That is trading lower out here. I know you're going to say, What do you mean, Steve? Look, there's a handful of tools that you and I use to help us identify when markets top and bottom. One of those is the is the wave count out here. If we take a look at the wave count, that's a Chapman wave count. Not the Chapman wave pattern for that. You need to buy Basel's book and attend his workshops and will teach you exactly how it is that he does what he does out here. If you take a look at Apple, this by the way, formed a bottom with the TD set up nine count the bar following bar nine that was on June the third out there. So that pattern was in play. And now if we do our wave count to the upside, what we know is that Friday's intraday high got it to wave number seven. That is letter G. Watch the 200.85 price in the pre market that by the way is TV's red line. We're trading at 201 20 out there. Um so watch that now wave seven can be extended if we see a higher high today. Wave seven just simply gets extended out here. So Stevie's red line or green line actually is what you're watching on a three time frame charts out here. Price is trading above its daily profile. That's a 200.85 also. So where Stevie's green line is so that's going to be important. The price closes below that level. You're looking at 197 69 or maybe even the bottom of that daily profile at the bottom of that level. So that's about 192 41. So folks stay tuned. Obviously you've listened at nine. Larry Pes eventos up next. If it's one, it's a David White. Our favorite polar bear. So have a magnificent Monday. I look forward to seeing you tomorrow. July the night. Have a great day, folks.