 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 May 20th, the fantastic Friday edition of today's Trader's Edge show. I'm your Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. I 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 need to make that one little two-by-four shift. That 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, well, right now it's just past eight o'clock in the morning. That's right. If you're listening in live, we would love to hear from you. You can give us a call at 877-927-6648. And if you can't call in, you can always send me an email. Again, this is between eight and nine this morning. Send it to Steve at tfnn.com. Inside that subject heading, please put radio show question, of course, and our Tigers did well. Any and every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger, Binance News Network. I'm Steve Rhodes. Welcome to less show right now. Get all U.S. equity futures trading the upside. Dow futures up 291. Nasdaq futures up 181. S&P 46. Russell's up 25 points. It's one to four tenths percent. If we take a look at what transpired overnight, Asian markets closed higher. The Shanghai was up 51 points, one to six tenths percent. The Nikkei one and three tenths, or 336 points. The Hanksang, nearly three percent, the upside, 596 points. In Australia, the Australia 200 finished up 81 bucks. It's a little over 1%. The DAX up nearly 2%, as is the FTSE, as we speak right now. This is the playbook that we took a look at on Friday the 13th. Odds favor. As we just take a look at how overseas markets have traded and closed, that the U.S. equity markets will trade higher. So that's the first take out there. Gold is flat. Silver's up three pennies. Platinum's off five bucks. Platinum's down two bucks. Copper's up a couple of pennies out here. Lice recruit up 18 cents. She's trading at 1108. Thirdary Treasury is down three ticks, trading at 14016 out there. So what does all this mean? Well, what all this really means, let's go switch over and take a look at our 120-minute time frame chart. I do not believe that the so-called wave pattern has changed in the 120-minute chart is all we need to really focus on today. So this will be helpful to you whether you're listening out 1.09 in the afternoon or 8.09 in the morning. So here are 120-minute time frame charts. We took a look at this yesterday. Now, the cool thing here, each of these, have roads meant to indicate our bottoms. And if we take a look at them, let's start with the Dow, because there's really two of these charts, two of the four, are going to generate a significant messages for us. If the markets are going to rally beyond what they've done this morning, well, then the Dow Equity Future contract is going to take out its TD-9 count top. That took place at six o'clock this morning. And it was really right into where its countertrend resistance is, which is at the center of its bullish structured profile. When you close below a profile for two consecutive bars, then it's deemed, in essence, for the time frame to be bearish. A countertrend move would find resistance. You have to identify those resistance spots. Well, it's really not the bottom of the profile. It's really the center, if it is a bullish structured profile. We can see that is exactly what unfolded. You can go back, listen to the archive yesterday, and you'll see that's exactly what we said. It's just the pattern. I'm just simply the narrator of the pattern and the tools that many of you don't have on your chart, so they're just going to assist you. So now we know we've got a TD-9 count top on the two-hour timeframe that formed right at its countertrend resistance level. So if there is going to be more rally, then what we will see is we will see a close above that TD-9 count top. And that high, that threshold level is 31548. That's the one number you should have on your pad of paper. If at 1.10 in the afternoon, price is trading above that, likely where price is headed to or towards is the 31977 level. That's the top of the profile. The reason why I say headed to or towards is because we have to go take a look at where the daily oscillator and change line is, as well, because that is another potential level of resistance. So we'll do that here momentarily, so that you get a feel for that. But really, the Dow equity-future contract could be the key to answering what the intention of the markets are for the rest of the day. Right now, resistance is resistance. Until it fails, resistance is resistance. The second level of resistance is in the upper right-hand panel, and that is the NQ. And the NQ, now, that was a bearish structured profile. So when price closed below the bottom of its profile, the 120-minute timeframe, it did not have the same profile, so that the Dow did. So a totally different scenario. That scenario says a counter-trend rally would end in between the $1,999 level and the top of that profile. The top of that profile, you want to write this down in your pad of paper, is $1,263. So if we get a close above $1,263 on a two-hour timeframe, price will be above resistance, and that's going to suggest a further move higher. Now, the target could be $1,2546. Again, I say could be because we have to take a look at other timeframe charts and see what other resistance levels are out there. But nonetheless, this would be a bullish outcome. So it's really the upper right-hand panel, the NQ, the lower left-hand panel, the Dow, that we're going to get our signals from. If it's up to the ESMini and the Russell 2000, they're saying, hey, guys, gals, get your act together, because they have already broken out above resistance. They are trading above the top of their... Well, I should say this, I might apologize. The Russell 2000 is trading above the top of its profile. The ESMini is trading above the resistance level of its bullish-structured profile. And once price closed above that, which it did at 4 o'clock this morning, that was a signal that its intentions, just the intentions of the ESMini are to continue to move higher and move higher into the $39.94 level. Now, that's what the 120-minute timeframe charts are telling us. Let's do this here. Let's switch over and let's do this one at a time. We don't have any callers. We don't ever request this far, thus far. So let's just simply take this step by step. And by step by step, we'll go and take a look at multi-time frame charts. Here's the NQ. And so in the NQ, you can see in the upper left-hand panel, so the largest timeframe that we have here is the daily timeframe. You can see how price is trading right in to that resistance level, the oscillator and change line. So you've got two, count them, two resistance levels that the NQ is dealing with right now, the top of that 120-minute profile and its oscillator and change line. So this becomes easy-peasy. If we see it close above both of those, in the case of the oscillator and change line, that's currently printed about $12043. That's your signal for the move higher. Now, on the daily timeframe chart for the NQ, that target could be $12622. I'm not saying that price can't go lower. I'm just saying that based upon the way that we took a look at overseas markets, when we take a look at patterned, significant resistance levels that have failed on the 120-minute timeframe, you should really prepare yourself for a higher close today. Now, I don't know if it's going to be higher than the highs that we've seen today. That's where we go back to those 120-minute timeframe charts. We'll rely on that data to assist us there. We get back from this break. We'll continue taking, let's see if there's anything else here in the NQ charts. And after that, we'll go take a look at the ES. We'll take a look at the Russell. We'll take a look at the Dow and, of course, anything that you would like. Just give us a call at 877-927-6648. Steve Rhodes coming to you live early in the morning on Friday, May the 20th. We'll be right back. We are talking a world-class gold project in a tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vistagol just completed the Mount Todd feasibility study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this, combined with the approvals of all major operational, as well as environmental permits. This distinguishes Mount Todd as an attractive, diverse part, ready development stage gold project. Vistagol trades on the New York Stock Exchange under the symbol VGZ. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNB Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. 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. Are you in the market for buying or selling real estate in the Bay area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. If you are listening live at 818 in the morning, listen to 1-18. We're going to make this show as pertinent as we can for you for the day. We'll return back to normal programming on Monday. We're looking at the charts here for the NQ. If we look at the short-term intraday charts, 5-minute, 10-minute, 15-minute, you'll see topping patterns out there. You'll see their TD9 count tops, which on a 5-minute chart says supports at 12.33, Rosamund Dominicator tops, the 10-minute that says it's supported at 12.28, 15-minute says it's supported at 12.004. Those are your support levels on any move lower out there. If those areas crack, then we switch back to, let's say, a 30-minute time frame chart, we would look at the 11.977 area out there. All of those are really possibilities when we take a look again at the 120-minute chart. The daily time frame, we know that price is up at resistance, so coming, it's only 8.19. Wouldn't be surprised to see the market pull back this morning based upon what we're looking at right now inside of the charts for the NQ. Let's switch over from the NQ and let's go to the ESMini out here and see what its signals are for us. This will take just a few moments here to populate. What I can share with you that I know is that the same intraday time frame charts, 5, 10, and 15-minute, have topping patterns out here. We just simply will look to those charts again for those support levels. If those support levels fail, then we would switch over likely to the 30-minute time frame. In the case of the 5-minute chart, support is at 39.35. In the case of the 10-minute chart, it actually almost looks like it's trying to form a new profile, but I can't pick out the bottom of it. I can't set 39.36, so that's a level of support. 39.33 on the 15-minute time frame, and actually below that would be 39.24. Those are the support levels on the ESMini. Now, the ESMini charts for the 120-minute time frame do not have that topping pattern, and price has not made its way to the oscillator and change line for the daily time frame, which currently, so this is your resistance level here today for the ESMini, and that's at the 39.56 area. So if that's 120 in the afternoon and price is trading above that, price is going to be headed for its most recent swing point, the 4100 area, and if price get above that, then it's going to move up to the 4168 level. Again, we're focused here on the markets moving higher at this stage versus bottom targets, and the reason that we're doing that is we had all the markets finish up nicely in Asia, in Australia, trading up nearly 2% in Europe right now. There is no reason to think that the US markets won't do the same, especially because we have support that is held, and we can take a look at that when we switch to other panel charts out here. Nothing else that I see on the ESMini charts to assist us, so let's go over to that Dow chart, go take a look at it, and we'll finish up by looking at the Russell 2000. In fact, if there's no questions, we'll probably just simply continue to run through a number of different futures contracts out here, just to see what kind of signal information they provide us with, but checking my email right now, I see we've got looks like about two questions out there, so great. If we take a look at the Dow equity future contract, it's got a ways to go before it gets to its offset and change line. That's really the resistance level. Now, of course, there's two resistance levels, right? The first one is that TD9 count top that we looked at on the 120-minute timeframe. Again, just in case you're joining us now, the level to have on your pad of paper, the number to be paying attention to is $31,548. If price is traded about $31,548 and it's $122 in the afternoon, rally into the close likely, and at least price trying to target to $31,977 level, but before it gets there, it must deal with that red oscillator and change on the daily timeframe, so the real resistance area here is about $31,797. Now, as price moves higher or lower, that number is going to change, so I can't give you that specific number at $122 in the afternoon. But as a guideline, I'd say if you're above $32,000, I should say, that would mean to me that price is above that red oscillator and change line and should see a further rally out here. Interday-wise, 50-minute has a topping pattern. The five minutes got a topping pattern out there, but really it's going to be all about 120-minute and that one number that you have to take a look at. Now, support to the downside inside the Dow, I would say would be all the way down at $31,268 or thereabouts. That's the red 120-minute oscillator and change line level out there. There's other areas such as $31,443, that's off the five-minute chart, $31,453, 10-minute chart, and as low as $31,365, coming from the 15-minute timeframe chart. So that's the Dow Equity Future Contract. Let's go take a look at the Russell. The Russell is the big winner out here. It is the strong dog, whoops, let's actually put in the correct symbol. And as these charts pull up, now, I say stronger, well, for a number of differences, one, price yesterday at a daily timeframe, look at this, price didn't even get back to its swing point from May the 12th out here yesterday. Didn't even get back to the swing point? Yeah, pretty sure that did not get back, or maybe it tested the top and rejected it, which is even a more beautiful thing, but price right now is just consolidated with inside its daily profile. But here on that 120-minute timeframe, again, price has taken out resistance, that's the top of the profile. Now, in the Russell 2000, on all fairness out here, we can't see that on a two-hour timeframe, it's also going to change on hash change colors. That typically has more meaning when you get an actual topping signal on the timeframe that you're working on. We don't really have that as we speak. But nonetheless, if markets push back, the level of sport that I'd be watching is that oscillator change line, that's currently about $1789. Since the top of the profile is $1787, and I know price moves lower, so too will the OUL number. So $1787 is the real number there. Price is trading above that, and it's $124 in the afternoon. Odds favor that price is going to continue to move higher. Now, in the short-term timeframes, much like the ES, the NQ, the YM, 5-minute, 10-minute, 15-minute, and even the 30-minute, as we speak right now, have a potential, the 30-minute has got a potential topping, but it was six minutes before this bar closes. But it looks like you might get a roadsman to mitigate our top, excuse me, a support at about $1791, and below that $1776. So that's what's going on as we take a look at our equity futures church. Now, there was somebody in the den that was trading the pound, and so I thought I would go ahead and offer and assist there and pull up our pound charts, our multi-time frame pound charts. And after we do this, we can go take a look at, now come back to these charts, we can take the gold, silver, lights, recruit, natural gas, just kind of get a feel of the same feel out here. Now, I believe this individual, I believe they're looking to trade the pound to the upside, but I don't know whether it was the upside or not. But let's go take a look at what the message of the pound is. And let's start with the larger time frame. The larger time frame has this month, the month of May, being the completion of a TD9 count bottom. And that bottom looks to be completing a breakout support. And that support level is 1.236. So on the larger time frame, the message of the pound is that it wants to rally. If we look at the weekly time frame chart, it too formed a TD9 count bottom. It did that last week. This week, we've got a nice bullish engulfing candle. You know how we like to have bullish or bearish reversal candles confirm bottoms and tops. Well, we certainly have that as we speak right now. This suggests that what the pound is going to do is move up to the 1.27. So your bias in trading the pound should be to the upside based upon the monthly and the weekly charts. Excuse me. I see on the weekly chart, native ego seeding to the downside. That was completed last week. And we've got an A to B ego seeding to the downside. That's completed on the daily time frame. The price above its oscillator and change line. Odds favor over time. Price wants to go target that 1.309 double. Now in the internet charts, we may have different signals like the sixth get a TD9 count top, but also a TD9 count bottom. You're right. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien found a TFNN over 20 years ago to help educate investors just like you. Tom's daily market newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. 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 TFNN has just launched their new trading room, the Tiger's End. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's End. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's End, 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, interact with other Tigers and Tigresses 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 End at Discord is accessible on mobile or tablet 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. TFNN is excited about our new software charting program, The Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're 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. So we've got the 60-minute time frame chart up for the Great British Pound. We've already established that you've got a nice bottoming pattern in the monthly, on the weekly, on the daily. All of these suggest that the pound wants to rally if we look at a 60-minute time frame chart. We see a series of higher lows and higher highs. So everything here is just supporting looking for trades to the upside. And if we take a look at the 60-minute time frame chart, it's got some nice signals when it topped. It topped with a TD-9 count pattern. That was at exactly 12 o'clock. Yeah, 12 o'clock yesterday afternoon. Price moves lower. And this morning, it goes ahead at midnight, I should say. At midnight, it forms a TD-9 count bottom. And now we've got price rallying. So the key level here of resistance for the Great British Pound to overcome to suggest that the rally is intact is really going to be two levels. The first level is 1.2504. That's a TD-9 count breakdown level. But really the level that it has to overcome is the 12 noon high from yesterday. That's at 1.2524 out there. So that's what's going on inside the Great British Pound. We do have some questions that have come in. So let's get to those questions. We'll switch over to our multi-time frame chart out here. There we go. And the first question coming in from Hector and Patty. In Hector and Patty, their question goes like this, high early bird stevo, back at you. Happy frosty fosters Friday. You got nothing wrong with a good fosters. That's for sure. Question is, CME, is it ready to nibble here for a mid to long-term positive bull run every great weekend? Enjoy the PGA championship? Most definitely I will. So we take a look at CME out here, Hector and Patty. The monthly chart has a rogment to indicator top and prices below the bottom of its monthly profile. So over time, the current message is that it may want to go tackle its breakout level of $149.30. If we look at the weekly time frame chart, it has formed a rogment to indicator top. And as we speak right now, I don't know where today's close will be, but if today's close below $191.61, that will be a close below its breakout level support on the weekly time frame. When you close below one breakout level, you typically go to the next breakout level. I don't have that here on the weekly right now, so instead what I would do is take a look at that monthly time frame at the $149.30. If you're looking for some type of rally, we'd want to see some type of bottom pattern on the daily time frame at least. And as we open up this chart, what do we have out here? Well, the only thing that we do have is a potential of a wave number seven pattern out there. That needs a higher low today. But other than that, I don't have a signal. If the CME did bounce, then its resistance level would be $195.97. But the daily time frame does not have a bottom signal. So no, I don't believe it's a, I don't think that would be a good time to nibble here, especially based upon the patterns, Patti and Hector that we looked at for the monthly and the weekly time frame. Now, intraday-wise, we did see a nice 15-minute roge mentor indicator bottom. Price ran ready to resistance $190.95. So on the day, it priced close above $190.95. That suggests a further rally. You got a TD 9 count top as we came to the close yesterday in the 30-minute. So if you take out today, yesterday's high, that high by the way is $191.36. You should see a rally to $190.513. Nothing on the 65-minute chart. TD 9 count bottom on the 130. So if you get that TD 9 count top to fail on the 30-minute chart, the 130 says, hey, I'd like to make a move to the 202.23 area. No, $199.31 level out there. So I wanted to make sure that we covered both what it's doing on the play-by-play, the up to the minute, even though the markets aren't open, but as they closed yesterday on the short-term time frames versus what the longer-term time frames. And Hector and Patty's question was, can they nibble on this for a mid to long-term, positive bull run? And so you could understand the answer there is no, because we don't have those signals. But then, if in fact the CME trades higher today, which it likely will or should out there, and if it especially takes out that TD 9 count top on the 30-minute time frame, I don't want somebody to look at the charts and say, man, Stevo got that totally wrong. Again, it's to the mid-term. If you're going to trade it in today, well, you kind of have your parameters there. So I hope that helps you out, Patty and Hector. Thanks so much for the early rise. They are also in California out there. So that is truly the early bird. Nicholas writes, anyone wants to take a look at the SMHs? So let me get the SMHs fired up here. And we'll read Nicholas's question. And his question begins like this. Good morning, Steve. Good morning, Nicholas. You look very refreshed this morning. Yeah, pretty decent night's sleep, although I was up late for hockey again, St. Louis as they tied up that series. And how about the Florida series out there? With just seconds to go, Tampa pulling it out, the Boltsman two on the road. Now, you're playing in Florida. So you've got fans in both in any event out there that they certainly should be able to move on, you would think. But we'll see Sunday. And tickets, it's amazing to me. So like gas, if I buy the gas down here is pretty close to six bucks. So six bucks a gallon already pretty close. I think it's five. It's about 50 to 80 cents cheaper up in Tampa. It's a I go to Naples really often. And it's always 50 to 70 cents less in Naples versus where I'm at. And where I'm gasing up, it's pretty much guess they mostly are in bulk out there. And so this series got a bunch of money, but so too does that area. But the ticket prices, because I was considering driving up on Sunday. It's an afternoon game was considering driving up catching up with my with one of my kids. And ticket prices in Tampa were like twice as much as they are down here in South Florida. Go figure out there. Those bleed seats when I looked at them last were like about 300 bucks, which I won't sit in the nose bleed seats because I don't want my nose to bleed, but just kind of just saying out there in any event, let's get to Nicholas's question, right? He said, would you please go over the SMH? He's in the as long as in the SOXL. Wonder what the resistance levels are. Thanks. Have a great weekend. You too. So the SMH, as we can see that this form a nice roadsman to indicator top on the monthly timeframe and prices pulled back to support. So Nick, the real key price level that you need to see price day above to 1614. The price close below that suggests we have lower price. If we look at a weekly timeframe chart, we do have wave number seven that looks like it's going to complete this week. Now this suggests Nick that price may make a run for the 24626 level. 24626 is going to be resistance. Let me just see in the pre market here, where is the SMH trading 233 was the last trade that fired off. So just a couple of bucks above where we're at. Daily timeframe. So by the way, the weekly timeframe also has a three drive to a bottom pattern out here. So it's got a, the first drive is right here the week of January 28th, the second drive March 18th. The third drive actually came to a head the week of May 6th and you got the bullish reversal candle last week. That's how you like to see a three drive or any pattern quite frankly confirmed out there. So you got that nice bullish hammer candle. So yeah, price over time should make it move to 24626. So on the daily timeframe though, I don't really have a bottoming pattern. Perhaps I could find it by, I really don't have, I don't, I can see there's no way that that is a confirmed A to B equal CD pattern out here. But nonetheless, maybe the daily's taking its marching orders from that weekly chart. But Nicholas, your resistance level here on the daily, you're trading at 233 in the pre market, 237.60 is the top of that profile. So the weekly says it wants to get moving, but the daily hasn't given us the, you know, all ahead signal out there. If price did close up 237.60, then we'd say, okay, this is one of those patterns or one of these timeframes where you don't have one of the patterns that Stevie likes to look at, but it still did bottom because it was able to take out resistance. So you wanted support and resistance levels, support to 1842 resistance 237.60 for the day. Steve Roach with TFNN will be right back. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee, so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? 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It's 8.42 in the morning and good morning everybody. You got the Dow futures up 240. NASDAQ's up 159. S&P's up 38. Russell up 20 points out there. Gold is flat tradeout at 1842. Silver's off 10 cents. 2180 is the print there. Light's we crude is a flat tradeout at 109.84. So what does all that mean? Let's go take a look in my nine panel market update chart out here just so you can get a feel. If we take a look at the ESMini what the ESMini did yesterday was it got down within one tick of the low from May the 12th. Price closed back above the bottom of its daily profile. So support held. Support being at 38.99. Whereas price likely to target, well I'd say the center of that profile would be a place 39.89. Of course we took a look at the daily oscillator and change line and that's important to pay attention. I won't go back and review that. Just watch the rewind the archive of this if you're looking for that number. If we take a look at spot volatility, it is below the Bollinger Band reading, the upper Bollinger Band reading at 30.70. And so price maybe targeting this 50 day expense moving average at 27.38. If we take a look at the NASDAQ, the NASDAQ doing the same thing as the ESMini, getting close to the bottom of that May 12th swing point, closing back above the bottom of its daily profile, support held. That support level is 11.875. Resistance here we can see has been the center of that bear structured profile. So a move higher should find resistance at 12.622. The US dollar index closed below the bottom of its daily profile. That level is 103.18. A second consecutive close today would suggest lower price. Now lower price is trading right into the area of support. That's at 102.86. We're at 102.95. This is trading into a bullish structured weekly profile. So if price closed below 102.86, that would then signal a move back to the 102.13 level. But price is sitting at a weekly level of support. Goldilocks trading above support. Support is at 180.680. The resistance level, it's a bear structured profile is in between 1861 and 1872. And 1873 happens to be the bottom of the weekly profile. So your real stiff resistance here in Goldilocks is going to be in that 1873 level. The case of silver, it's trading above the center of its bullish structured profile. Whenever you get above the center of a bullish structured profile, buyers should have, it's not a guarantee, but it is a high probability that buyers should be able to push price up to resistance. And that resistance is sitting at 22.76. Lights we crude pulled back yesterday, tested rejected support. Old resistance, which was the top of its daily profile, which has now become support. That's 104.44. But price is really trading in between trendline support and trendline resistance. Trendline resistance today is about the 112.80-ish area out there. Natural gas, which has a, I can't recall, I think it's an erosement to indicator top that formed on May the 6th. The price is above the top of its profile out there. So it signals really kind of muted or neutral, so to speak. That does not mean that price can't pull back to test support, which would be $7.63. The 30-year treasury is just simply consolidating with inside its daily profile. It has been doing that all week long. So its support and resistance support is at 138 and 1330 seconds. Resistance is 141 and 630 seconds out there. So that kind of covers the general markets and what they are doing out there. There was some chatter inside the Tiger's Den about John Deere. And John Deere is trading lower this morning. It's trading out at 343. So let's go take a look at the John Deere charts and get a feel for what it's trading into, if it is trading into anything at all. And for that, we'll just simply go to the, we'll go to the multi-time frame charts. So on a monthly basis, John Deere last month formed a Roadsman Dementicator top. Price has been trading below its green oscillator and change line. That suggests that price might make its way back to 289.15. 289.15 is the top of the monthly profile. Again, in the pre-market, it's trading about 342 right now. 342 is going to take the weekly chart as a Roadsman Dementicator top. So if you're asking, John Deere trading lower, was that in the cards, so to speak? What was in the cards? The tarot cards. It was in the charts. Topping pattern on the weekly. Roadsman Dementicator top. Now price is going to take out the bottom or appears that it will take out the bottom of its weekly profile. We will not know until the end of the trading session, but it is trading below 349. That would suggest that price might move back to 278. We're trading at 343. Now 349 could hold. So you'll want to watch that. No bottoming pattern, but price, that's a level of support. Daily timeframe shows it's a bullish structure profile. And a close label of 358.71 is going to suggest lower price. In fact, what it could do, let me just do this off screen here. Let's want to see what the volume is in Deere. It may already have a confirmed A to B equal CD to the downside. So the volume for the B point would be that I would have used. There's really a couple you can use. April 25th had 4.4 million shares, and that was passed with, no, just light volume. Well, maybe today it's going to get the volume for the A to B equal CD to outside. By the way, if it does get a confirmed A to B equal CD to the downside to give you what that price projection is, it would get you down to 323. Now wait a minute, where's the trade in the market? Give me a second here. Which screen am I on? You're on the white screens. It is trading at 342. Okay, so that's still $20 lower out there. So with regard to John Deere, was it in, was it, the daily's got a roadsman to mitigate her top. So the mere fact that it's trading lower, not really a gigantic surprise out there. The question is, will it find support at 349 today? And if it does not, then that's a set up that John Deere wants to continue to move lower out there. And I would say that the target, at least the initial target of 323, is likely its next stop. That would also take you back to its February 24th swing point low that has volume of about 3.6 million. And that's between the area of 338 to 348 out there. What did we not take a look at out here in detail? Let me just see if there's any questions that have come in. I don't think there are. I don't think there's any three questions inside the Tiger's Den. Although you could put in a request out there and I would be happy to get to it. But in the meantime, let's go take a look at, let's switch over, let's see what we'll take a look at. Let's take a look at, let's go take a look at Goldilocks out here. So GC, we're still on the June contract. Let's pull up our daily and our inter-day time period charts out here. See what kind of signal information they are providing to us. A Gold, again, we talked about this earlier, held support. That was the bottom of its daily profile out there. Why is this taking so long to populate? There we go. Come on, there we go. So on a daily basis here, we can see that Gold is trading above its oscillator and change on. That's currently printed 1832. And I'm referring to the daily time frame out here. So this suggests a run at 1861, 1872 level. 1852 is the TD9 count breakdown resistance area. So if price can clear that 1852, if it's trading above 1852 at 1.49 in the afternoon, odds favor it's making that run for the 1861, 1872 area. No signal coming from the 120. 60 minute has really two topping patterns. It has a TD9 count top. Let's open this up. And it has a rogement and indicator top. Now all that that has led to is a sideways consolidation out here. So really not too bad and support is held, which is an 1838.70 out there. TD9 count top on the 30 minute chart. Price consolidated with inside the 30 minute profile. So holding up pretty well. 1837.20 is a key level of support. That's a TD9 count breakout area for its 30 minute time frame. So I don't really see anything else out here worth reporting on. But what we should do, it'd be fair to me, is how is, what's the most important chart for Gold? And now those of you that listened to me or watch my show out here, you already know what the answer is. You know what I'm going to show, what I'm going to pull up on the screen, right? The most important chart for Gold is how is it trading in all of the major currents? Do we have buyers in Goldilocks this morning? Well, we're higher in terms of US dollars, we're higher in terms of yen, we're higher in terms of euros, higher in terms of pounds. So Gold should be able to rally today. 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