 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 day folks. Welcome to the July 15th. The Fantastic Friday edition of today's Trader's Edge show. I'm your host, Stevie Perseverance, Rhodes, who absolutely knows that he 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 the easiest way to do that is to always remember that life is happening for us. Not to us. That's right. We knew 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. 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 with those buyers and sellers are communicating to you and I at just past eight o'clock in the morning. That's right. If you're listening at the normal time slot, it's a 107 in the afternoon. Thanks much for doing that. We'll try to make today's show as pertinent as we can. But if you are listening live, we would love to hear from you. So you can give us call 877-927-6648. If you can't call in and you're listening live, you can always send me an email. So send that to Steve at TFNN.com. And if you'd be kind enough to put radio show question in that subject cutting, that would be wonderful, wonderful. Of course, if you're in our Tigers, then well, any in every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now. We've got U.S. equity futures basically traded the upside. The Nasdaq actually just slipped down by one point. You've got the Dow up 113. We'll call the Nasdaq NQ flat. The S&P is up seven. The E-mini rustles up a couple of points there. Spot Ballotinics is below its 50 day exponential moving average. That is a condition that is bullish, directionally speaking, for the S&P 500. Over an age last night, a bit of a mixed bag. We'll go take a look at the chart, see what those mean out there. Over in Europe right now, you've got the DAX trading up 175 points. That's one in four tenths percent. Futschi's up 66. That's one percent to the upside. Gold's off two bucks. Silver's up 12 pennies. Platinum's up about two bucks. Palladium's off 53 bucks, nearly three percent. Copper is copper threatening to close yesterday, negated it's daily by the D point pattern. It may negate its weekly pattern as well. Licewood Crutus up a buck 33, trading out 97.14. Yesterday, they formed another gertly buy pattern. I already had one that was in place that never was negated out there. 30 year treasury right now up 10 ticks. 139.28 is the print there. So what's all that mean? Well, first let's go take a look at the general markets, US markets, the commodity markets out here with my nine panel. Typically a market update chart out here. So just to get a feel for what's going on. If we take a look at the ESMini, here's what we know. Now, what you don't see on this chart is the fact that price is trading above the ESMini. That is above its oscillator and change line. As long as that condition remains, it suggests that the ESMini should go target that 38.42 level. That is especially confirmed with that spot follow techniques, which is below its 50 day exponential moving average. The 50 days at 27.50, the spot is trading out at 26.07. The NQ has got resistance to deal with this morning. That resistance is going to be the bottom of its weekly profile. And that is at 11.889. The high so far today is 11.868. So we know that that is a significant resistance level. If price is able to close above that 11.889 should set up a further rally, that rally should take us to the 12.197 area. Yesterday, the US dollar index negated its TD9 count top by closing of 108.08. And really within the past half hour, because this profile was not here before I went to make up, up to shower, there's a new profile that's formed. So price is trading into resistance. Now I don't know whether this profile should stick. 108.53 is the top of that profile. Let's say a bull or structured profile. So it negated a TD9 count top yesterday. A bearish reversal candle would confirm erodesment, diminicator top today. And if we do get that, don't know that we will. We're going to go take a look at the currency market. If we did get that, that would suggest that price would pull back to the 106.43, 106.73 area out there. We take a look at Goldilocks as long as price stays above, closes above, I should say, 17.04.50. That will maintain its, I believe it was a buy the D point pattern that had formed out there. You close below 17.04.50 today. That suggests lower price. Now silver negated its bottoming signals yesterday. Certainly the TD9 count pattern with a close below 18.70.50. Light sweet crude, yesterday formed a nice bullish hammer candle, but it was the trading session. So the first buy the D point formed on July the 7th. That did that, or that bullish engulfing candle was the completion of a one to one price. Yesterday got below the one to one level, but at day's end formed a bullish hammer candle. So you've really got to buy the D point patterns out here. That being said, the resistance level for light sweet crude right now is at 99.37. That is the top of a new daily profile that is attempting to form natural gas is trading above the top of its daily profile. So that suggests higher price and the 30 year treasury it's trading above. It's been above the last four trading sessions, the center of its bullish structured daily profile. Typically when price closes above the center of a bullish structured profile, price will make its way up to the top. On the top there is the 142 weight. So resistance here right now for the 30 year treasury, 141.23 to 142.06. So that's generally what's going on in the Marcus out here. Let's go take a look at what is going on overseas and what all that may or may not mean to us. So we're going to change over. We're going to take a look at those charts. That's the easiest way for us to be able to determine. Well, and I could tell you that the Shanghai finished off 56 finished out 56 points in the Hang Seng 453 last night, but what does that mean? Jelly bean. What that means to Stevie when we take a look at the church now is if you look at the Shanghai index, that's in the upper left hand corner, you'll see that that move, that 453 point move, that was a Shanghai. Shanghai was only down 56 points out there. I'll get to the Hang Seng in a minute. So the Shanghai, the upper left hand corner down one at six tenths percent, 56 points. What does that mean? Well, what it did was it formed bar number eight of a TD nine count. So this is likely to form a TD nine count bottom on Monday and confirm that pattern on Tuesday out there. Now price may still be targeting that 3272 level of TD nine count breakout level that, you know, I don't know where the lower price might come to. Doesn't we have to get, do we have to get the lower price on Monday to generate a TD nine count bottom? The answer is no. All we need on Monday, Sunday night, Monday morning is a close below. 34, 39, 07 inside of the Shanghai index out there. And that'll complete that TD nine. Well, the completion will come on Monday. I say completion. The reason to confirm and completion to confirm as you get to the TD nine count so that everything is in order so that we at least have a low on bar eight or nine, but a lower low can form on the bar following bar number nine. That's really what took place in the Hang Seng last night. So the Hang Seng form bar number nine yesterday last night, it was the bar following bar number nine. This suggests that we should see and you can see it's oscillator and chains on that's a green red squiggly line. What this suggests is that price should go target that level. Now, if we see a close, so if you had Monday morning, if we were doing the eight o'clock show, we won't be back at the normal one o'clock slot out there. But if we were, we saw close below today's low out here, that tells us about a strong momentum to move to the downside for the Hang Seng. I don't know that's going to happen, but that strong momentum move would take us back to the main or should take us back to the main lows out there. But right now, you've got it's got everything in place here to see some type of at least a rally up towards that oscillator and chains line. But take a look at the Nikkei. The Nikkei out here has has what? You know, right now with the Nikkei is did it that it closed inside its most recent swing point from July 11th with price above the red oscillator and chainsline. It really does suggest going and testing the top of that level. The DAX is in a large consolidation pattern. Price above its red oscillator and chainsline. It suggests you may want to move up to the 1462, 14602 area out there. Let's do this. We come back to this break. Let's go take, let's take a deep dive into the currency market. See roads with TFNN. We'll be right back. Time of booming inflation. We are purchasing powers eroded. 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We are recording today's show between 8 and 9. Right now we're going to spend just a little bit of time taking a look at the currency marketplace out here. So let's begin by taking a look at the top three instruments that make up the US dollar index. That's the Great British Pound, the Japanese yen, and the Euro out here. So let's start with the charts for the pound in the upper left-hand corners. That is the yearly time frame. Now here's the deal. On a yearly basis, when you see an instrument, doesn't matter what the instrument is, either trade below the prior year is low. That would be a very bearish signal versus trade above the prior year is high. That would be a bullish signal. So when it comes to especially important in the early January time frame out there, January, February, March, what have you. So right now we can see that the Great British Pound well below last year's low and is attacking the lows from 2020 out here. Now that was a nice bullish hammer candle that informed that actually confirmed a roadsman to Mindicator bottom pattern out there. And if that low gets taken out so the 2020 low, that's where price is going to go target. So the Great British Pound should go target the 2020 low. Now that will put strength into the U.S. Dollar index out here. That low is $1 and 14 cents out there. The reason why I suggest to you that price will go target that level not just because it's trading below the last year's low out here, but if we take a look at the monthly time frame chart, now the month is not over. Clearly it's only the 15th. But if we do take a look at where we are at right now as of July 15th and the Great British Pound, we are below the TD9 count bottom pattern. Let me just make sure here. So the low, not about what I just said, but the low from two months ago was 1.2156. What was last year, last month's close? 1.21, yeah. So it would be this month. So I just, when we were taking a look, I forget what instrument I think might have been the Shanghai or the Hang Seng. I think it was the Hang Seng that had that bar number, the bar following bar number nine for a TD9 count out here. So here this is in play and that's why I suggest to you that unless the Great British Pound stage is some kind of big rally and we don't see that just yet that it should go target the 2020 lows. Don't know whether we'll take it out, but that's where its target is. On a weekly basis out here, what do we have? We have a, we don't have much. We have a, really, we don't have much out here. Nothing to support that the Great British Pound is going to make some type of miraculous rally. So and on a daily timeframe, what do we have? You've got price that stays, but you've got a TD9 count that was negated yesterday. Yeah, so this TD9 count bottom formed on bar number eight and that was at the low of 1.1876 and yesterday was a close below that, negates that signal, suggests lower price. So the Great British Pound is suggesting to you and I that we should see the US dollar, this should add strength to the US dollar. How about the Japanese yen? When we take a look at the yen out here, the yen is trading above last year's high. Now in this chart here when we take a look at the yen, as it moves higher, it is getting weaker. The US dollar index is getting stronger. So in the case of the yearly chart, very bullish. If you take a look at the monthly chart, last month, the gate took out its TD9 count top. In fact, it did it. There wasn't even a hiccup. So this tells us about the incredible weakening of the yen that is going on and that's going to add to the strength inside the US dollar. If we take a look at a weekly timeframe chart out here, no topping signal, there is a Rosemont Dement Decatur signal that's present, that needs a bearish reversal candle to complete. And prices above that green oscillator and change line, that suggests that it wants higher price. We look at the daily timeframe chart, you can see that yesterday was bar number seven, today should become bar number eight, but you need to get a, at least a spike above yesterday's high today, Monday or Tuesday in order to generate a TD9 count top out there. But the yen right now is also weakening. The pound is weakening. So now let's go take a look at what the euro is doing. Now most of you know what the euro is doing and that is that it too is weakening against the US dollar, but let's go take a look at its patterns out here. Let's not jump to any conclusions. Let's take a look at the big picture. This will help us out. If we take a look at the US dollar, so I'll start with the US dollar you can see is trading well above last year's high. Let's go down to the bottom panel. The euro is trading not just below last year's low, not the year before, not the year before, not the year before, not the trade, you know, the euro is trading below what the 2017 lows out here, 2016 lows. So that's a suggestion that there is an A to a large. I'm talking a gigantic A to B equal CD on a yearly basis that is setting up inside of the euro. It's a biggie out there. If we take a look at the monthly timeframe, the monthly timeframe, if I'll just expand this chart, I'll make it a little bit easier to see. The monthly chart, when I pull it back, the monthly chart here formed ATD nine count bottom two months ago. Well, the month is not over. Right now price is well below that, well below its breakout levels. The monthly chart is saying I want lower price. If we take a look at the weekly timeframe chart, the weekly timeframe chart, no bottoming signal at all in place, only in bar number five on a weekly basis, you're below the red oscillator and change line, that suggests lower price. Perfect. So the bigger charts, the bigger timeframe chart suggests lower price. The daily timeframe chart here for the euro right now is attempting to form a rogment to indicator bottom pattern. And the way that it would do that is by day's end, it would form a bullish reversal camel. Now, even if it does that, price would need to close above its red oscillator and change line. That's currently at a buck oh one out there to suggest that there's going to be some type of counter trend move. But then the bigger picture with regard to the euro is that it wants to move to lower ground. The US dollar index clearly trading above, got a big QJ to be equal CD to the upside. If we take a look at the yearly chart, you're trading above all, the highs going back to 2016 out here. The monthly timeframe chart shows that this month right now could be negated a monthly TD nine count. What that needs is it needs a monthly close above a 105 06. Well, we're at 10851, 10811 right now. So I'm going to assume at this stage here, the signal is that this wants to continue to move higher. The weekly chart is saying the exact same thing. It wants to move higher out there. There's no topping pattern is in place right now. And the daily timeframe chart right now is taking out as TD nine count breakdown resistance level. That's where it should have found resistance 104 26. It didn't yesterday. Well, it did yesterday, but today it's busting above that. And that says that the US dollar index wants to continue to move higher out there. So that's the bigger picture of what's going on inside of the currency markets out there. Why is that important? Well, with regard to the euro moving lower and busting out, let's go change windows here. Let's go to our larger screen, the screen here. And let's get to the chart that I'd like to share with you. Many of you have seen this chart in the past before. And that is the global flow of capital chart. And this is really important. This is really important to understand out here because at some point in time, this should take hold. Now, what I'm talking about this is if you go back here, if we did what we're as bad as things are across the globe or appear to be across the globe as bad as things might be out there, this is still about where is capital going to flow to. And if we take a look at the run up in, so here's the charts. The top of the top chart is the euro. Bottom chart is the S&P 500. And the chart, why do we have the, oh, and I've got the euro. So because I have line charts out here, I made the top chart on market close and the bottom chart on the actual low of the low of the session out there. And the middle chart is the S&P 500. What we can see here, the run up into 2000, the 2000 high inside of the equity markets out there, what we saw is capital flowing out of Europe and into the US. And that's what created that huge run to the upside. It was the same pattern in 1929. It was the same pattern in 2000. If we take a look at what's transpired here, we've seen that the euro topped back in 2008. It's been moving lower ever since. We can, I can show you a significant, I can show you identified here a couple of key dates out here. The most key date was when Mario Draghi, who was headed up the ECB, moved to negative interest rates. And I sure hope they accept his rex's nation and he's gone because he destroyed the euro. He destroyed a currency market out here. Right now, prices below all those lows out here, we should see a flow of capital into US equities. I'm not saying that it's today, but with the euro cratering, that's what it should result in eventually. Great. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold executing a strategy to create shareholder value. TFNN is excited about our new software charting program, the Art of Timing the Trade chart. 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There's no catch 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. I still got the Euro up on my screen right now. This is the quarterly time frame chart. The reason I put the quarterly time frame chart is in taking a look at the A to B equal CD pattern. So here, I'm gonna do this. I'm gonna put the monthly chart back up on our screen. And when we take a look at a monthly chart, so this is for doing eight, what the heck's happening, why is this taking so long? Maybe I shouldn't have done that. Oh man, Stevie, Stevie, Stevie. What the heck's going on here? Well, so I was gonna show you an A to B. There we go, okay. So we take a look at this monthly time frame chart here for the Euro. Coming up with A to B equal CD patterns. There's multiple A to B equal CD patterns. So whenever you see that and you're trying to get a feel for where, what's the larger pattern? What's the larger A to B equal CD? You just simply go up to another time frame. I'm gonna do that right now. This might take just a few moments to apparently to repopulate itself. I don't know why that's the case, but it is. Because I don't really have that much run in the background. But here we've got, you can see, we already discussed this, how the Euro's trading below the lows. Now this is low from 2017 out here. And assuming that, and I don't see anything that does changing that at the moment. So the larger, and this is a quarterly chart, the larger aid, and it makes the A to B equal CD pattern, at least for my eyes, much easier to see. So the larger A to B equal CD pattern says that the Euro is headed to 69 cents. That would be the one to one. That would be the one to one level. 53 cents is the one to 1.272. This is only a 0.382 retracement for that B to C leg. What that does is that usually suggests that you do more than one to one A to B equal CD to down. So now that's a longer term picture out there. But think about it like this. If you're sitting in Europe right now, and your currency is Euro's, that's your dominant currency out there, and you can see that the Euro's gonna continue to get crushed and is headed down there, and you want to try to protect your assets, what would you do? What would large traders do out there? Well, they would rush into the US dollar or US dollar oriented type items out here. So longer term, bigger picture out here. This is talking bigger picture with you. We'll get to the daily play by play stuff here in a moment. But the bigger picture is that what I want you to expect is that there's still gonna be a rush into the US dollar index longer term. And you're also gonna see the US equity markets move higher and you'll probably see gold move higher too at the same time. But one thing at a time out here. So that's a bigger picture for the Euro. And let me get this back to a monthly timeframe and move on to something a little bit more play by play oriented, which means we'll go take a look at the equity futures. Well, actually, before we do that, what I want to do is come take a look at Apple. But you know what, let's say I'm gonna change screens. We'll look at Apple on the other screen out there. So just give me a moment. The way background charts, we'll switch over to those. The reason I'm gonna start with Apple, even though it's got the e-smini that pops up right now, but let's change over here. The reason I take a look at Apple is take a look at for signals for the NQ. I think the direction of the NQ should point to the direction of the markets and that includes today. Now what Apple did yesterday, so what I can't do with my white background charts is draw the A to B equal CD pattern, but you can visually see that. So that is underway as we speak and Apple yesterday got to the one-to-one level. You don't ever, well, you can do whatever you want out there. I suggest that you don't ever just buy or sell a one-to-one A to B equal CD. Instead, wait for the confirmation of that pattern. The confirmation will come in the case of an A to B equal CD to the upside will come because you would get a bearish reversal candle. So what you wanna be on the lookout for with regard to Apple today, Monday, Tuesday, what have you because there's an A to B equal CD pattern is a bearish reversal candle. But what Apple also did yesterday was only day number one. So today is going to be Moyan portante. And that is day number two. Can it close above 147.55? If it does, that's a second close above the top of its daily profile and it can suggest that this A to B equal CD to the upside will extend itself. The second level that needs to be crossed above, if you take a look at the weekly timeframe chart. So Apple's got a daily buy the D point pattern. The weekly timeframe chart has a TD9 count bottom out there. That's the beautiful thing about these tools here, the TD9 counts, the A to B equal CD, the roads meant to mitigate it. It said, we don't rely on one tool to help us identify a potential top or a potential bottom out here. You've got a very clear TD9 count bottom on the weekly timeframe chart, which typically, and we saw that its oscillator and change line changed from green to red. Cause oftentimes you, all you always hear me say when I see that pattern, a confirmed top or bottom, that price is going to go target that oscillator and change line. Well, that's exactly what it has done here. Now, if Apple closes today below that red line, because that red line, the last one change line, that would be about 147.95. Now that price is going to move up or down to that dependent on price, but just use 147.95. If Apple closes below that, that would be a bearish signal. Now that bearish signal out there depends what we also see on the daily timeframe chart, but if price closes above it, that's what I want to talk about right now. If it closes above that level, that too is suggesting a further rally. And when you take a look at the monthly timeframe chart for Apple, it formed a TD9 count top, also generated a roads meant to mitigate our top out there, but price found support at the bottom of its bullish structured monthly profile. Yes, last month was a slight close below that level, but we need two consecutive closes. And right now it doesn't appear that that's what we are going to get out here. So that's the first chart to look at. The second chart here, and I'll put this up on the screen because either the top two holdings with inside the NASDAQ 100, there's another chart out there, get that, okay. So we take a look at Microsoft. What Microsoft did yesterday, it tested its swing point. This is a swing point from the trading session of June 13th. Now the white background charts, I don't show volume. It tested it on like 50% of the volume. That was a test and rejection of a key swing point out there. You can see that in the case of Microsoft, it is a, so the bottom of its profile is the exact same price point as the center of its profile. Lots of buyers hanging out in the case of Microsoft at the 245.55 level, price never got down there. And if price can take out 256.60 today, close above it, that's going to suggest that Microsoft will run up to the 268.30. If Microsoft sells off today, you watch the 245.55 level, that should be strong support. Microsoft also has a TD9 count bottom. That formed out here the month of the week of June 17th. What did price do? Did what it's supposed to do when you form a TD9 count bottom, run up to the oscillator and change line. Well, in the case of Microsoft, it's not as bullish looking on the weekly chart as the Apple chart is out here. Because it's gotten up and it's tested and it's rejected that red oscillator and change line. Nonetheless, out here and on a monthly timeframe, Microsoft is saying, A Stevie, not so fast on that TD9 count weekly chart that wave number seven letter G on your screen that I see out there, a longer term, I want to get to 211.94. Well, to prove itself, it needs to take out that TD9 count bottom from about five weeks ago out there. But right now to the upside, watch the 256.60 because yesterday was a test and rejection of a swing point on substantially lighter volume in the case of Microsoft. Now, let's go take a look at the NQ charts out here. What do we have up? Oh, we've got the ES mini. Let's change this to the NQ out here. We'll come back. We can take a look at the ES mini out here. Let's change this over to the NQ. The other thing, while that is updating those eight timeframe charts out here, let's try to understand what the task market breadth is for the NASDAQ 100. Now, the tech, if you're new to the show and you're hearing me talk, some of the stuff would sound foreign or gibberish out there. Those of you that have listened for a long time, you're familiar with the terminology that I use out here. The task market profiles are where we help to. The task market profiles provide you and I with a real competitive advantage because in taking a look at a chart, doesn't matter what it is, we can understand where buyers and sellers are. It's kind of like, it's like a few years ago when the Houston Astros were caught stealing signs. All teams are out there trying to steal signs out there. They just happen to be the ones that were caught. Well, task market profiles are like stealing signs because we know what pitch is being thrown. We know where the buyers and sellers are located on a chart out here. So what I've just switched to is the task market profiles for four different timeframes. This shows us the weekly, daily, 240 and 60 minute timeframe. I mean, you can see right now, well, we'll look at each one, but looking at it here, you can see that we've got two that are set up into the bearish zone. And I'll explain that when we come back and two that are set up into the bull stone. So it still says chop, chop, fizz, fizz. Oh, what a relief it isn't out there, but the daily timeframe is very bullish right now. Let's suggest we should expect an anticipated rally today. Steve Rhodes with TFNN, we'll be right back. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the Forex market. Teddy Keckstad has 30 plus years of experience in Forex trading, commodity risk management, Forex hedging, volatility and so much more. 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At TFNN you'll get advice and guidance from the authority in 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. If you're listening live, it's 8.42 in the morning. So if you listen 1.42, thanks much for doing that out there. I guess we spent more of the time today during today's show. Take a look at the bigger picture, which is always good to do even if you're just a short-term trader, just to understand what's going on. Right now we've got Dell Equity Futures. They're up about 0.6%, 183 points, a quarter percent for the NASDAQ, that's 29 points. The S&P's up about a half a percent, 15 points the upside. The Russell's up four. The Spotball Tenix is well below its 50-day exponential moving average. Everything is really set up for a rally that should last. That doesn't mean we're not gonna see a jittery market out there. And that's really what we're talking about right now, which is taking a look at what's going on inside the market breadth for the NASDAQ 100. I think the NASDAQ 100 is where we focus today. Now, right now, for a 60-minute timeframe, there are 36 instruments trading above the top of the daily profile, 40 with the inside their profiles, and 25 below the bottom. Now I'm only showing those that are trading above and below. When we get these crossovers, they're bullish or bearish from a directional standpoint. So the 60-minute timeframe chart has enough market breadth that price should continue to move higher. We go from the one-hour timeframe to the four-hour timeframe. We take a look at a four-hour timeframe chart here. What we're gonna see is it is slightly bearish. You have 25 instruments trading above the top of their profile and 32 below the bottom. So here, this creates this little choppy market that we've even seen that this morning. That may continue. Now, if the 240 switches over to bullish, joins the 60-minute out there, and it doesn't need that many instruments, right? We're only talking about seven instruments out here, and this is also taking a look at what's going on in the pre-market, by the way. If we take a look at what's going on in the daily timeframe, you've got a bullish crossover. Now, it's just slightly bullish, but it is still a bullish crossover. 26 instruments trading above the top, 23 instruments trading below the bottom out there. And again, if we look at the weekly, not again, but if we look at the weekly out here, this is the first time, this is where we get this choppy kind of market. Only seven instruments trading above the top of their weekly profile, and 36 below the bottom. Choppy markets, when we come back and take a look now at the, a second here, let me move this out of the way, and we take a look at the NQ chart itself. Here's what we know from the daily timeframe, daily timeframe prices above that oscillator and change line. That suggests we should move to higher ground note. Higher ground should be the 12, 197 level. I have two different sets of profiles. There's one that you have to know choosing the same data. One set of profiles that forms on the white background Ninja Trader charts, another that forms on the black background charts. They're both correct, but the 12, 197 level, that's when we took a look at the other chart out there when we're doing the opening of the show, that 12, 197 should be its target. If we look at a five-hour timeframe chart, prices above its oscillator and change line, the resistance level for this is 11, 9, 16. Now that may be, that's where the sellers are hanging out. And if price gets up to 11, 9, 16, that'll give you a first indication of what the market's intention now. That's a five-hour timeframe chart. So we've only got two more bars here that are gonna complete today. One that's gonna complete at nine. I believe this is a nine o'clock bar right now. So, yeah, so that will complete at nine. The next one is a two and then the final one is at the market close. The 240-minute timeframe chart, prices trading above its oscillator and change line. So its level of resistance, so 11, 872. Write that down on your pad of paper. Why? Because if price goes above that, that says we get to 11, 9, 16. If price goes above to 11, 9, 16, it says we're on our way to 12, 0, 37. You get above 12, 0, 37, you get up to the 12, 197 level out there. If you take a look at the 120-minute chart, price is already above, I take that back. This is very bullish chart. When I say it's very bullish, this is what I mean. The 120-minute timeframe chart out here had a barestructured profile. That formed with price above it. That was at about two o'clock this morning when this profile formed. When price, when a profile forms below price, that is a bullish message. Now what price has done during this last two-hour segment here, and this was between eight and 10, so this bar will not complete until 10. The price got back to the top of that profile, 11, 7, 60, and that is support. In the case of the 120-minute timeframe chart, this is suggesting that it's running for its recent high out here. That's the high from $2,200. That's up at the 11, 8, 68 area. If price gets above that, it heads back to this swing point from 10 o'clock on July the 13th, and that's up at the 11, 9, 70 area. So you gotta bullish a condition here inside of the 120-minute timeframe chart. How about the 60-minute timeframe chart? Price right now in a 60-minute basis is attempting to take out its bearish structured profile out here. And that would just simply require you, we need two closes really, but that would require a close above 11, 8, 43, or 11, 8, 51 right now. What price did during a little bit of a sell-off that took place before we came on the air is price pulled back, tested and rejected support. That was the bottom of that profile, 11, 7, 44. So it's getting ready for lift-off and take-off and headed to, well, those price levels that we took a look at earlier. On a 30-minute basis, what do we have out here? Price has taken on the resistance of its TD-9 count breakdown level. So this is a real key level to be watching. That's at 11, 8, 55. Just above that is the top of its profile, 11, 8, 61, 50. So really, if you get a close above that, that's gonna suggest that the NQ is going to move to higher ground. Now, all that's really being supported by what we took a look at in Apple and in Microsoft yesterday. Apple closing above resistance, Microsoft testing support on much, much, much. Did I say much, much lighter volume? You can't bust them to the downside. You try to bust them to the upside. So what else do I have out here? Do we really need to go look at the 15 minute and the 10 minute? I don't think so. So what the NQ is telling us is that we should expect and anticipate a rally. And I expect that that rally is going to hold today out here. So let's go take a look at, what do we wanna look at next? I don't have any requests out there. And let's take, let me just throw the ESMini charts up here, because more people are trading that, perhaps on the NQ. But today, I think if it were me out here, I've got to run over to Naples. So I'm not gonna be trading today. But if it is me, my focus would be on the NQ versus the S&P 500. And one of those reasons, I should explain that reason. So I think the NQ and the semis are what will or what should lead the market higher out here. Let's, no, that's the wrong thing to show. Let me come back here and let me get to the ESMini chart out here. But the ESMini TAS market profile. So let's see this live and see where we're at here. So if you take a look at the ESMini right now or the S&P 500, see how each of their dials are in the red zone out here? That's why I suggest, so this market is actually, if we were just focused on the ESMini, we'd say things are pretty bearish out here. We could find the reasons to be bearish. We could say that this rally right now where you got the S&P up 33 points is not gonna stick. And maybe it doesn't because of these bearish crossovers out here. But if it's me trading today, I'm more focused on the NQ because of its setup. If my thought process is that we're going to see a rally as opposed to the S&P 500, simply because of putting all these signals. I don't know if that makes sense to you. Hopefully I was clear on that. We don't need to go through the charts like we did before. You can just see those bearish crossovers that we have inside of the S&P 500. I'm not saying you can't trade the S&P 500. I'm just saying the easier trade may be inside of the NQ. That's really all that I was trying to get to. Now, we take a look at the ESMini charts out here. The ESMini on a daily basis shows that price has held that red oscillator and change line. It has held its full or structured profile. And price should go target that top. The target of that top is at the 3842 level. We're trading right now at 3826. If we take a look at the 300 minute chart out here, this is suggesting a run up to the 3843 level. A price close above 3843. You should get a move up to the 3900 area. Right now, you've got price trading above the top of its four-hour timeframe profile under that's at 3812. That suggests higher price. The 30 minute chart, or 120 minute chart, has taken out its TD9 count breakdown resistance here. That's at 3806. That suggests higher price. Price is trading above the 60 minute barestructured profile. That suggests higher price out there. And so too for the 30 minute chart. Today's rally should hold. Let's keep going to a TFN. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. They must have tool for every trader out there striving to find an edge in today's markets. 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Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. 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. Folks, thanks so much for joining me early this morning during the eight to nine. I do like doing the eight to nine session out here. Let's go to a couple of questions. Well, first, KK wrote in and KK was looking or asking about the US dollar index. KK, I did a really thorough review of the major currencies. So please go back and listen to the archive. It should be posted maybe within the hour or so out there. So I'll do that. We've only got a couple minutes here and there are two questions that have come in. The first one's from Hector. And Hector wants to take a look at ExxonMobil. And Hector, with regard to ExxonMobil, your question is ExxonMobil, monthly still bullish long-term? It's neutral. It's neutral versus bullish. It has a teeny-nine count top. That's a very right-hand chart, but price remains above its green oscillator and chains on and above the top of its monthly profile. And therefore it really has a neutral signal versus bullish or bearish out there. The weekly chart has a signal that shows a rogment to indicator top that was confirmed with that bearish shooting star candle. Price will move lower and it's done what it's supposed to do, which is get back to support. So the key level Hector and Patty for ExxonMobil is $81.92. Any weekly close below that is gonna suggest lower price. But right now, it's worked to the downside has been completed. On the daily timeframe, I do not have a bottoming signal. Price is trading right now in the pre-market straight about $84.67. That is back above the top of its daily profile. What I expect ExxonMobil to do today on a rally is get up to the $85.66 area. That's its red oscillator and chains on it. Price can close above that. It should head to the $87.13 area. And then the final question, let's see if I can do this here quickly. Take a look at Google, G-O-O-G. Let's punch those charts where is it? Come on, what the heck? G-O-O-G. Come on, we got 10 seconds out here. And the question is, can you look at Google? So this is gonna be a quick look. Goes Google yesterday, pulls back into its full or structured daily profile. Google right now is trading at, let's see here, G-O-O-G is trading at 2248, 2250. So it's gonna take out the resistance level. That's a 2260 level. Dread oscillator change line. If you get above that, you're looking at the move 2385 out there. You gotta buy the D-Point pattern on a weekly basis. It's got a nice weekly bottom up here. Consistence at $112.93. Folks, day two. Tommy O'Brien is up next. If you're listening at 99.00, it's your favorite poll day. Have a fantastic weekend. See you online. Sharpening your skills as an investor is like getting better at playing.