 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 June 27th, the terrific Tuesday 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, hoping out there's having a great day. Let's make sure we have an extraordinary one. Now, 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, we're 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 want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this. I'm here to serve you. So feel free to pick up that phone. We'd love to hear from you. 877-927-6648 is the number you call in. I know if you've got a question, but you can't call in, you can always send me an email. Send that off to Steve at tfn.com inside the subject, hitting please put radio show question. And of course, if you're inside our targets, then we'll let any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to the show. All the U.S. indices that we track trading the upside. Dollars of 1.15, 3.10, 4.10 for the S&P. 17. 3.10 for the Nasdaq. 52. 1% for the Russell. 18. 7.10 for the Summys. 25. 2.3.10 for the trannies. That's 351 point move. Gold's off $8. Silver's up 12 cents. Let's recruit us down 33. Natural gas up their penny and the 30 treasure printed out at 1.27. 16. That is off 19 ticks. Lead the charge. Dollar wise the upside. You've got SIA Inc. The transportation company up 6%. $21 move. Their old dominions up 17. 5%. Charter communications up 16. Or 5%. 4%. For micro strategy. 1%. For Mercado. That's 11% move. The shakers. Madrigal pharmaceuticals off 33 bucks. Nearly 14%. Thermo Fisher scientific 13 bucks. 2.5%. Regeneron down 10 bucks. 1.25%. Illumina off 8 bucks. 4%. Insulate corporation down 2.6%. That's nearly an $8 move as well. So what are we going to take a look at? Well, I'll tell you what we're going to take a look at. Let's just do the usual out here. Let's take a look at short term market breath right now. That's a 30 minute time frame. Here we've got both the ES and the NQ. This is the S&P 500 bullish market breath. $380 above. $60 below. Let's take a look at the NASDAQ 100. What do we have out here? It's market breath currently for the 30 minute time frame. You've got 43 above 22 below. So bullish for the short term time frames. That'll be helpful as we go take a look at those 30 minute equity future charts. Let's take a look at the other four time frames that we monitor. This is for the S&P 500 bullish for $60, $240 daily and weekly out there. So that does positive. In the case of the NASDAQ, the only bearish sentiment out here is the daily time frame 15 above 40 below. So that's the only issue with regard to market breath with regard to the S&P 500 and the NDX 100. Now let's take a look at their chart specifically. Let's go take a look at the daily time frame charts. For this we'll go ahead and we'll shift screens. We'll take a look at the white background screens. Here you take a look at the ES mini. Consolidating with inside its daily profile. No topping pattern that is formed at this stage. You're not one that Stevie can find. Not with regard to the ES mini. So it's got a good old fashioned consolidation. If we take a look at the NQ, the NQ, which does have a top, it's a TD sequential top that formed right out here on June the 16th. That confirmed a few days later. The other that was last Thursday on the 23rd. But here that's all that's led to as a consolidation with inside profile. If we do get a close below 14, 845. Well, that would be bad news for the NQ out there. The Dow equity future contract. All that is done so far this morning is test resistance. Resistance sometimes can be old support. In this case, support wasn't down at the bottom of its profile. It was bullish in structure. That level was 34, 34, 101. Today's high, just out of curiosity, where are we at? Today's high was 34, 110. You got to love that. So the key area to be watching there is that 34, 101. If price can regain that, then price should move up to 34, 34, 2, 10-ish or so. The Russell 2000 is doing the same thing. It's going to be important come days end. Can price close back inside its profile? To do that, you need to close above 18, 52, 90. So consolidation clearly on the ES and the NQ. Not so much on the Dow. Dow is really suggesting it wants to target the year of 33.026. I'm not saying it'll get all the way down there. In the case of Russell, it wants to target the 1760 level. It's going to change my mind if price can regain that daily profile. Let's dive down a little bit further. To do that, let's take a look at, I don't know which first charts are up. We've got the ES mini. So the ES mini has a teeny nine count bottom for its five-hour timeframe. Let's open up that chart. Let's take a look at it and investigate. What is its message to us? Really two messages out here. The teeny nine count pattern confirmed at 11 o'clock last evening. It completed at 4 o'clock this morning. Only now, the other thing to look here on the five-hour timeframe chart. If there's going to be a change in trend, what should we see out here? What's the likely thing that we should see? When you take a look at this five-hour timeframe chart, it sticks out. It's very clear. Where is the resistance level that price needs to close above to suggest that okay, something other than a countertrend move is underway? We'd have to say it'd be that oscillator and change line, which so far today was tested and rejected. Where's that level? Well, that level is at 4,386 or thereabouts. If price can close above that, that would be signaling to move to 4,404 to 4,408. If price closes below the low of the teeny nine count pattern, that low is at 4,368.50. Then we're looking to move to 4,351. The five-hour timeframe chart for the ES is the key level. It says watch that oscillator and change line. That is a key area. The same can be said about the 240-minute timeframe chart. The current buyer here is going to close at 2 p.m. We can see here also how that oscillator and change line has acted as a resistance level. It is still resistance at 11,13 in the morning. It closed above it and it would be about 4,384 or so. We then signal moved to 4,403 and above that 4,437. As far as bottom signals out here on a 240, I don't have it. Do we have to have it? No, because right now the 240 we're watching is that oscillator and change line out there. All right, what else do we have? Two-hour chart has got a nice rosement to indicator bottom. It's led to really just a move where a countertrend rally in the ES many would find resistance. Where is that? Let's open up the chart and explain that again further. Well, here, when you close below the bottom of a bullish structured profile, and the ES did that for its two-hour timeframe, it began doing that back here at about 2 o'clock in the afternoon and this was on June 26. This was yesterday. Once you get two consecutive bars below that on a bullish structured profile, if it's just a countertrend move, price will find resistance at the center of that profile. That is what's transpired ever since that bottom form, this rosement to indicator bottom of that form here at 5 o'clock last evening. So the key level here to be watching, if this is more than a countertrend move, is going to be the 4,387, 8,650 level. 4,386, 50 to be exact. We're 4,385, 75 right now. That's the area to watch if price closes above that. It's going to signal move up to the 4,402 area. That's the ES mini. We get back to this break. Let's take a look at the request of coming so far. Abgo for David, Cat for Hector, Nikes for Dan, VFC for Dan. Of course, I'd love to hear from you as well. A great battle. 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. 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 and 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. 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. 727-873-7618 Folks, sorry, I was just reading a note here. I want to get sent today. Let's take a look at that ticker symbol ABGO Broadcom. This is for David H. And his question is, will it fill the gap? And the gap he's referring to is one that formed between May 25th and May 26th. And that gap basically ranges from a low of 6 of 732-39 to a high of 747-02. And the question is, will it fill that gap? So let's take a look at the charts and see what the charts for ABGO are communicating to us out here, David. First of all, this looks like day number three below the bottom of its profile. The bottom of its profile is 838-73. There's no bottom signal that is in place out there, so it does suggest lower price. Will it get back to that support level, that breakout level, the breakout here, that gap to the upside, wide-ranging bar on 8.2 million shares a day before 4.9 million shares? Pull back here over the last couple of days. It's been 3.7. Yesterday was 2.1. Today so far we're 271,000 shares. Well, okay, so you don't have the volume pushing down. I would say, though, that a price is going to continue lower. The next area of support out here is at 777-14. That is coming from the weekly chart. That is a weekly oscillator and chain sign. So that becomes a target. The profile level that you're looking at, that profile, but the gap area that you're looking for is to get down to 747, so that would be $30 away. So that's the first level, or that's the next level. The price would have to take out 777 to help answer your question and say, yes, it will fill that gap out there. Should price head lower? Yes. Do we have any volume behind the move? Even this bar right here, a wide-ranging bar from the train day of June 12th, did volume of 5.1 million shares. That's on the way up, and yesterday you're pulling back with 2.1. So I'm going to go with, can it fill the gap? Yes. Is it giving us an indication that it will fill the gap? I'd say no. The other thing with regard to Broadcom, I would say there is something wrong here with regard to its pullbacks. This is going to be, well, yesterday it was bar number seven or day number seven of consecutive pullbacks. So ideally, this should really bounce here. I mean, that's pretty extreme, even for this instrument here. We've seen a couple of the five-bar pullbacks, but seven, eight, we have it. So I don't know what else is wrong out here, especially with those big, wide-ranging bars on the upside, but you should get a bounce here over the course of the next day or two. Maybe even today, you just close a little bit higher out there. So, David, I hope that helps you out with regard to ticker symbol ABGO. And thanks so much for taking the time to write in. I believe we have a caller. Let me see. We've got Brent in Martinez, California. Hey, Brent, thanks for calling. Thanks for holding. How are you? I'm doing great. Steve, welcome back, world traveler. Thank you. Thank you. Good to be back, but also really great to be traveling. I hadn't done a trip like that really since 2014. So great to be back. And last time when we spoke, you were celebrating a graduation, as I recall. How'd that go? Back to Boston. Had a great time back there. I got to meet Basil, which was very nice. Yeah, a great guy. I've been talking to him for whatever, probably 15 years. And finally, I actually met him in person. It was great. I got to meet the family, so I had a great time. Oh, that's very cool. Glad to hear that. On my trip, I was able to meet a tiger as well. And it was one of the highlights of the trip out there. So very, very cool to hear that. I know you're calling about Cybane Stillwater. Trading out right now at about $6.26 or so. What are you doing and how can I best help you? I don't have any positions, Steve. I've just been watching this and there seems to be, there could be multiple A, B equal CD, but there is one that, and it's fairly symmetrical. Not that that's that big a deal. But I'm taking the, it should be the January. I think it might be the 13th, but around the middle of the month, it's like $12 roughly. Okay. And then that would be the A point. And then the B point is down there in March. Yeah, about 7.82. Up there in May. And then, I mean, I think it comes out to be around five and change is what I, you know, one-to-one. Correct. So I just wanted to get your thoughts on that. And then I just, I think we're on bar six on the daily. So it just seemed like it would make sense to just be patient and see if we've maybe hit that number. I didn't know if there's some other level or roughly what that now that would make sense. Or if it's to me, it seems to be worth waiting to see if we don't hit that number. Okay. Perfect. Perfect. So thanks for that explanation, folks. What I switched over to the black background chart, just easier to draw in the A to B equal CD. You'll see the A to B equal CD pattern that Brent mentioned over on the center panel there, the weekly chart. There are, as Brent pointed out, there are more than one A to B equal CD patterns. The one that he was referring to as that A point was on the B four cents. That was on January 13th. The B point for this was back on March the seventh down at 7.82 now. The volume there was 6.6 million shares. As this has been passed out here, there was 6.3 million shares. That was, yeah. So it has not been passed with volume. Does that mean it won't come to fruition? Absolutely not. And that price projection level is $5.26. That's the first price projection area. On a weekly basis, the weekly larger A to B equal CD to the downside, the A point out here, folks, is back on the week that began March 7th, 2022, up at a price point of 2064. This makes a B point back in September 19th, the week that began September 19th, 2022. Now there were 20 million shares that traded hands that week. When that B point was passed, it was passed with 27 million shares. And that was the week of May 8th. So on a weekly basis, we now have a confirmed weekly A to B equal CD to the downside. And that price projection level, well, that gets us down to basically zero. So we know that's not one, well, I mean, not that that can happen, Brent, but that's not one that I would rely upon. So that just sends me back to your daily timeframe chart. Does that make sense what we just did there, or what I just did? The Hocus Pocus down in Hocus. Yeah, I saw the other bigger one. That's kind of what I came over to. So I figured I'd just go with the smaller one there. Yes. At least seems like within a reason that that could happen. Yeah. And with price below the bottom of a weekly profile and price below the bottom of a monthly profile, that's certainly, and the daily profile, that certainly adds the idea of lower price. Now, what I'll do is I'll switch back and take a look at the white background charts. You are correct. Today is going to become bar number six of a TD9 count pattern out there. Now, a ton of gaps that I see out here. Is there some currency issue with regard to this? There must be a currency related. South African company. South African. Okay. All right. I'm going to ask that question as folks did. So that basically what I'm saying is ignore the gaps that are out there. They don't have as much meaning where we're dealing with the currency fluctuation issues out here. What the weekly chart does tell us of Brent is you are in bar number eight of a TD9 count and a bullish reversal candle would confirm erodesment to indicator bottom. So while you're watching the daily time frame chart, as price gravitates its way down towards that 526 level, watch the weekly chart as well. It'd be ideal to get both a weekly and a daily bottom on the weekly chart, either a TD9 count or erodesment to indicator bottom. And the daily maybe just simply a buy the D point pattern. So that's what I would be looking at there. Brent, is there any additional information that I can provide for you on still Cybane still water or anything else? I think that's it for that one. I just, yeah, I mean we came up with the same numbers and I think so far being patient is paid off. So I just I'm kind of sitting waiting and and I believe that makes the most sense at this point. Perfect, perfect. Well, always good to hear your voice and glad to hear that you and Basil got together. And Brent, I will look forward to speaking with you again soon, but have a terrific Tuesday in the meantime. Alright, do the same Steve, take care. You bet. That was Brent in Martinez, California. Steve Rhodes with TFNN. We'll be right back. 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. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You can find a variety of professional traders during market hours and now they are expanding their reach with 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. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas. You can interact with other tigers and tigers as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. Let's take a look at our next request out here that's coming in from Hector. Hector wants to take a look at that caterpillar and as a caterpillar does still have legs or it's a time to check out. So we take a look at caterpillar here. This formed a TD9 count top. That pattern completed on June 15th and since then we've had a retracement with price closing below the bottom of its profile and we've got below it. We were traded below it the next day, yesterday as well. That's your resistance zone, Hector, 239.21. If price can close above that, well, then it should get back to 243 or 248. If that holds as resistance, this could be setting up, could be setting up A, A to B equal CD to the downside. Could because I don't know if that's the case but you'd be below profile, below greenhouse that are in change line with 214.01 dangling out there. I would say the next move to the downside. The assumption that 239.21 continues to hold as resistance. If it does, then the next move to the downside would be 231.74. That is the weekly oscillator in change line. Price is above profiles there. I would at least wait. I don't know how long you've been in this position I think for quite a while. I would wait to see if that area holds 231.76. You've got a consolidation on the monthly. Just watch today's action. Watch that 239.21 level. Is it time to sell? You should get at least a two-day rally inside the market. That would be normal. Assuming that we get that, maybe come back and see where Caterpillar is trading tomorrow, Hector and Patty. The weekly chart looks really good. The monthly just a consolidation. Dan wants to take a look at Nike. They're coming out with earnings on Thursday a couple of days from now. It's got this beautiful island bottom pattern. So that candle formation, that formed that was June 1st candle. It formed between the periods of May 31st and June the 2nd. So you got that nice, that's a very bullish signal out here. Price is above profile levels. Dan looks to me like he wants to target one 1915. Price made a nice move and pulled back to test support. The oscillator in change line. You're trading into a swing point from June 16th that did volume of 14 million shares. So far today, you've done nearly 2 million. So it's moving to that swing point lighter but it's above resistance levels. So this is saying that Nike wants to trade higher or could trade higher on a weekly timeframe. You have a confirmed and currently by pattern with price consolidated with inside its bullish structure profile. You've been above the center of the bullish structure profile for three weeks now. Price wants to go target 114.64 to 115.79. And on a monthly timeframe out there price pulled back last month. Test and support the bottom of its profile. You're just consolidating with inside that profile. It looks like Nike wants to move higher based upon their earnings report. At least that's what I've seen. The thing that's weak out here is certainly the volume today as it moves into a swing point. But it is summertime. So you've got to give that a little bit of consideration. So I hope that helps you out Dan with regard to Nike. You also want to take a look at VFC out here. So let's get over and take a look at that instrument. VFC right now trading out about 1905. Consolidating with inside the daily profile forms a seventh wave move and a rogement to indicator bottom. Both those patterns were confirmed on June 2nd. That has led to just simply a sideways consolidation. No reason to think that price won't go target the top of that consolidation or top of its profile Dan. And that's at 1994. The weekly chart has a nice confirmed rogement to indicator bottom with price consolidate between support and resistance of its profile 1745 to 2016. The monthly chart not helping you out a whole lot but the daily looks good. The weekly looks good. But of course in the end when I say it looks good it's just a good old fashioned consolidation with inside his profiles. But it does look to me like this once to make a move to 1994 or 2016. So that helps you out. Nancy wants to take a look at Apple and a specific question was can Apple get to 187 today? It's 18628. So for that answer we want to take a look at the intraday chart. See if there's anything here that we can assist Nancy with or that the markets can assist us with in trying to answer that question. So I take a look at a 30 minute time frame chart out here. Let's open this up. What do we see? We see a wave number seven top led to a move lower. I don't have any pattern on that move lower. Price is just consolidating with inside that profile but not really providing us with a really wonderful read out here. The read that is provided us right now at 1135 is no I would say the answer to that question because price is back below resistance. The 65 minute chart shows that it's also there and changed on his resistance Nancy. So in order to get to the level that you're looking for price is going to have to take out that high. By take out that high I'm referring to 18671 you need to see a close above that. If you get a close above that price should start running up towards the 65 minute chart. I'm referring to 1030 yesterday which was up at the 180805 level. If I look at a 60 minute time frame chart the 60 minute time frame chart shows a confirmed roadsman to indicator top with price consolidating with inside its profile 18717 is a resistance area there. And I see tops along the daily time frame the daily time frame as a roadsman to indicator top a TD nine count top resistance here being the top of its profile that's at 18699. Your question was about 187 maybe it was 187 and change today's high out here was 18704 at this stage here. I don't recall how much further you wanted Nancy but it looks to me like that that could easily be the high for Apple as we speak. So hope that helps you out and thanks much for taking the time to write in. We've got a request take a good gold futures out here. So for that let's actually pull all of this multi time frame charts up give me a moment to get back here. This will populate and the question was that the question was just this was more GP HPH inside the Tigers den. I believe the question was just simply if we could take a look at gold futures. So those are populating right now with gold futures do not have on a daily time frame as a very clear bottoming pattern out there. They do have a smaller several A to B equal CD patents back maybe what I should do where do I have that. Let me see if I've got that on my black background charts. You see Q23 sorry about that folks but I just want to see where I've got this information if I do have it and if not then I'll figure out game plan B. So where did I put that Stevie Stevie well we can just rebuild stuff. So let's let's do this here I'm going to change screens because we're talking about CD patents. Well first let me just say stay here for a second. So with regard to Goldilocks a gold has a way a seventh wave move top on the weekly time frame price last week close below profile if we close below last week's low last week's low is down at the 191950 level we're likely headed lower and maybe we'll form a TD nine count bottom on the weekly time frame with regard to other intraday signals out here. I don't really see much other time frame. So let's go back over to you wanted me to look at gold. So no clear bottom here but I was back to the daily time frame on the daily time frame chart. We mentioned this with regard to I believe the five hour and four hour time frame chart for the ES many that we looked at how important is the oscillator and change line for the daily time frame out here. You see that GPHP out here that is a real key level. And so at a minimum price going to need to close above that in order to suggest there may be some kind of change in trend with regard to gold. Real quickly it will change over and take a look at the black background chart. You'll see at least one A to B will see the pattern out here and that's the one that's really that's in play out here. My opinion that gets us down to about the 1848 level. You've got a new profile in this form that new profile has support at you might think that if you want to sell it 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 the 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 and 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 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 assess 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 fnn.com educating investors are China A shares hot or not if you trade China A shares now maybe time to take a closer look trade CHAU or CHAD directions daily CSI 300 China A share bull and bear ETFs China A shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges should be read 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 866-476-7523 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 for the future. This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ So the new profile that formed in gold it's got support at nineteen twenty five sixty we're trading just below that right now watch that area resistance up in nineteen fifty six so a fairly narrow box so I've got one A to B equal CD to the downside that would take us to the eighteen forty eight point vertical line you know we would be at the one to two A to B equal CD to the downside in two days you'll get a key reversal bar so technically you've got a confirmed by the D point pattern that would be negated with a close below nineteen nineteen fifty out there but the larger A to B equal CD is the one that is in play out here as well price below the bottom of its weekly profile that's gold that I'm referring to there so likely we're looking at this so hope that helps you out with regard to your look for your quest for gold let's go to our next request we're going to change screens for this this is coming in from Bob and Spokane once they go get ticker symbol ENVX so let's get that fired up on our screens out here see what it is doing ENVX currently trading at fifteen eighty having a wonderful day taking out TD nine count resistance that TD nine count resistance was from the trading day of March thirty first and a close today about fifteen forty eight we're trading at fifteen eighty right now on the gate that pattern and that's just a nice move to the upside we can see an A to B equal CD out here that's in play your only thing to worry about there would be some type of bearish reversal candle if you got that that would then generate a sell the D point pattern we don't have that as we speak right now as far as where does price want to head to well you close you're trading above the top of its day a weekly profile you're trading above a TD nine count from the daily time frame as well as the weekly time frame that weekly time frame TD nine resistance there was fifteen forty eight was that the same on the daily fifteen forty eight it was so a close on Friday above that is then going to trigger a well first volume wise that TD nine count had volume of forty five million shares this week so far just a day and a half you're at eighteen million but that sounds pretty decent out there but if you've got the volume to get it confirmed close above that you're at a weekly base I'll just simply draw in the A to B point I'll just move that over to the C to D leg and that takes you up to about the eighteen dollar area out there currently traded fifteen eighty five twenty two forty nine is the longer term spot that price wants to trade to above that is the top of the bowler structured monthly profile so the daily looks great the weekly looks great that the monthly looks good out there so best of luck to you and ticker symbol ENVX that was Bob and Spokane no spin inside the Tiger's Den wants to take a look at CVS out here so we take a look at CVS trading out right now at sixty eight forty seven this formed a TD nine count top it did this on the trading day of June the 13th then price gaps down closes below its breakout level at sixty eight oh five you're testing that sixty eight oh five area this morning as well a volume on that gap to the downside June 14th was twenty three million shares so far today this is traded about six point two million shares about a twelve million share day out here still below profile the weekly chart on CVS has a confirmed rogement of indicator bottom the weekly chart really tells us no spin what's going on here you have a nice confirmed bottom we had one on the the daily time frame as well but here in the weekly we can see how prices simply is consolidating with inside profile so it's a very clear support level level sixty seven forty three and a very clear resistance area seventy one seventy seven the monthly chart does not have any kind of a bottom and could suggest to you and I that over time price wants to target fifty six nineteen the only way that's going to happen is if we get a failed weekly bottom pattern here that would require a close on a weekly base below sixty six thirty four so bring CVS together for Steve oh I'd say got just a good old fashion consolidation if you're looking to buy consolidation to try to buy him towards the bottom of it well that sixty seven forty three this trade at sixty eight fifty two is there any signal on a thirty minute time frame chart to suggest that that the now would be the time to enter into a trade I don't see that here just yet on the thirty minute time frame but if you're looking to get into CVS the weekly could encourage you to do that just buy towards the bottom of that consolidation so no spin I hope that helps you out as well Nicholas wrote anyone to take a look at Microsoft Microsoft does have an A to B equal CD to the downside that A to B equal CD looks like this let's simply expand out the chart that took place yesterday so the B point on this had bought this is going to be from the training of June 21st twenty five million shares yesterday this did twenty one million shares out there so it's not confirmed but it still is in place out here here's A to B basically and and B to C I just simply move this over to the B point that could take us down to about the thirty three nineteen ish area out there so that's what we see on the daily time frame but already has a wave seven top and because we're below the profile the bottom that profile which is three thirty four sixty as long as we remain we remain below that Nicholas that A to B equal CD to the downside becomes a likely target now I gave you three twenty ish three twenty four seventy or so is the oscillator and change line for the weekly time frame we can see on a monthly time frame back to a prior swing it's given up some of those gains it's still bullish but it's struggling up at that top now on a monthly basis the volume at that candle session was five hundred nine million shares granted the month is not over but we're pretty closer at four sixty six so it does have some pretty decent volume as it was moving to that swing point out there that could suggest or should suggest that we get back up here to retest that again weekly chart no bottom pattern no topping pattern I should say other than it well no I take that back it's got a wave seven looks like Microsoft wants to have lower Nicholas and I'm going to say three twenty four and change is where this is likely headed to Satish wants to take a look at DHR why have that there there we go so DHR DR Horton I believe and the question was hold or fold so you are trading or this is trading right now close below two thirty two eighty one could suggest to move to two twenty three sixty one so the other make that decision on the fold it depending on whether you know that puts you into a losing position you're in position or whatever those parameters are for you five point one million shares on that candle that we're going into so far today this done one point six million so you're a little bit light on the volume but it's still pushing with volume versus yesterday trading below that two thirty two eighty one level but if it pushes below that area with lighter than five point one million shares may be priced just going to test the two twenty eight forty one area out there close below that would get us to two twenty three sixty one the weekly chart says we're back below a red ocular change line this says it wants to get to two twenty nine twenty two that is the center of that bullish structure weekly profile we're below profile in the monthly so we're not out of the woods here two eleven twenty two is the target so knowing we formed a nice TD nine count bottom of the daily time frame price went right up to where it had broken down from two forty three seventy and now we're back below profile odds favor a move back to the two twenty three sixty one area but use those parameters use the volume metrics that I gave you to make that decision out there and I do hope that that helps you out now if I take a look at the consecutive days to the downside out here let's see what we've got to get second days down this would be day number two and we can see that this during since the move off of the bottom out here the move off of the May 17 bottom out here each retracement has just lasted for two days out there so that may provide you with some information as well or maybe if you're trying to exit this position and you're coming back with lighter volume maybe hold on to it for a little bit of a two-day maybe a two-day rally out there Satish I hope that helps you out with regard to DHR Steve Rhodes with TFN will be right back looks like when we close out this show we'll take a look at December corn for Coder is looking to go along in the 546 area if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN dot com TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not possible 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 dot 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 dot 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 dot 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 dot com educating investors traders during market hours the tiger stand 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 dot com folks or take a look at December corn contract out here as we look at this what do we see well one there was a new profile that formed yesterday and prices trading below the bottom of that profile on the daily time frame that is at 568 68 we closed below that it opens up the door for a move back to its breakout level 496 75 before price would get down there on a five-hour time frame chart this formed a roadsman to indicator top and before price get to 496 it would have to take out the 549 75 level that's a teeny nine count breakout error for the five-hour time frame I know that you're monitoring the four-hour chart the four-hour chart it is going to go up to the top a roadsman to indicator top a teeny nine count bottom that failed here that bottom failure took place at eight o'clock this morning that suggests lower price there's need to be equal CD to the down side now this retracement here is less than 0.618 retracement out there that says be careful because when you do less than a 0.618 retracement that's that B to C leg coder odds favor you do more than a one-to-one a to B equal CD So keep an eye there what you're looking for is a bullish reversal candle on the four-hour time frame chart to confirm a buy the D point pattern the two-hour chart you are going to looks like you will form a TD 9 count bottom You will confirm that pattern at 2 p.m. at 12 noon No, we get off the show in the next up for an half minutes out there But a lower low conform on the bar following bar number 9 out there such as look for a potential low Between 12 noon and 2 p.m. Out there the intraday charts really not providing you a ton of information Do have a TD 9 count bottom on the 60-minute chart? So that would suggest if you see a close below 558 50 for an hourly time frame you're headed lower out there the last request came in real quickly here It was an entry point inside of ticker symbol B I L L Mr. Bill inside the Tigers Den real quickly to have to go with between 98 95 and 96 74 I don't know price will get down there But that would be the area that I would be looking at for entry points on ticker symbol be I Double L folks. Thanks. What's for all the requests out there stay tuned for great programming I'll be back with you on wonderful Wednesday. Please have a terrific Tuesday. Don't forget about the Tiger Day sale Tiger Tiger Dollar sale that's going on as we speak right now. Take care folks. We'll see you tomorrow