 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes 3 at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good afternoon, folks. Welcome to the May 19th, the terrific Thursday edition of today's Trader's Edge show. I'm your host, Steve E. Perseverance Rhodes, who absolutely knows. It each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. An easiest way to do that is to always remember that life is happening for us, not to us. That's right, we do not 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. It just passed one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. More important than that, though, and that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. Give us a call at 877-927-6648. If you can't call in, we've got you covered there, too. You can always send me an email. Now send it to Steve at tfnn.com. And inside the subject heading, please put radio show question. Of course, in our Tiger's Den, well, any and every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Lush Show. A mixed bag out here. Dow's up $258. S&P's down $17. NASDAQ is flat. Russell's up $9. Semi-zero up $11. Trendy's up $201. We've got a lot to take a look at. You've got gold trading out at $18.41. That's up $25. Silver's trading at $21.89. Up $0.35. Light's recruit $1.10. $0.27. That's up $0.70. Lights, you've got the 30-year treasury. Up $15 ticks. $1.40. $25. A natural gas is basically flat at $8.37. Lead the charge, dollar-wise, to the upside. Book it holding. $63. 3%. Mercado, Libre, $54. 7%. Shopify, $41. 12%. Autozone, $31. About 2%. Synopsis, up $32. That's nearly 12%. To the downside, Bright Green Corporation is awfully red today. It's down 65%. And I do mean awfully red. That's off $31. And his Google's down $23. Broadcom's down $19. 3%. You've got Northrop Grumman off $11. Nearly about 3%. Lockheed Martin is off about 3%. $11. So there's movers and there are shakers. But where we're going to begin is really the most important set of charts for you to take a look at, for us to take a look at with regard to what the market's intentions are. And that comes from the 120-minute timeframes for each of the equity futures contracts, each which have Rhodes Momentum indicator bottom signals. That's the black diagonal line that you see followed up with a bullish reversal candle, and that confirms the bottom. And then what you do is you go take a look at where is resistance. Turns out inside the ES mini, price closed below the bottom of its bullish structured profile for more than two consecutive sessions. We just need two for a confirmation. That says countertrend rallies would stop at the center of their profile. And if you take a look at today's action, that is exactly what we have. That makes that $39.28 area the real key level. If you see it close from $39.28, odds favor, you're going to go see a run to $39.94. That's the top of the profile. Now, right now, price is below the bottom of the profile. So that says we go, we attack the swing point low. Well, in essence, that's what it's doing. It's attacking the high of that swing point low. Now, if we can close back inside there, there being the price point of $38.93, then that says we go explore the bottom of that level. But as we speak right now, in this two-hour timeframe, BAR will complete at 2 p.m. So you could be getting a test rejection of that swing point with the market getting ready to catapult its way to the upside. But first, you've got to get a close above $39.28. If you take a look at the NQ, we have the exact opposite. What do you mean, Stevie, the exact opposite? It has a bearish structured profile. And that says that resistance would be at the top of the profile. If you take a look at where we found resistance so far today, the top of that profile. Do you think these profiles are helpful? Extremely helpful. And that's at $120.63. I could not be able to share with you what the market's intentions are without these tools out there. Now, what we have is price testing at the bottom of that profile. And that is a level of support. If it fails to hold that area, which is about the $11.874 range, I'll tell you exactly where it is. It's at $11.871. If price fails to hold that level, then you should see price get down and at least test that swing point low. Dial equity future contract. It is the weak link out here. Based upon what you and I just looked at inside the ES mini, you tell me where the countertrend rally on any rally inside the Dow would end. You're exactly right. Excellent. Great eyes out there. And that's at $315.044. So that's the level to be watching inside the YM. If you see a close above that, it doesn't matter whether it's during today's trading session. It could be this evening, or there could be new profiles to form, but right now that's not what we have out there. If you see a close above $315.044, that says we head to $319.77. That's not the message right now. But now you know what to look for and what to observe. In the case of the Russell 2000, the Russell 2000 actually in that 10 o'clock session closed above the top of its profile. Very much like the NQ out there. Well, it's really a bullish structured profile. And really the mere fact that the Russell closed above the center, got up to the top, closed above the top out there. Russell is the strong dog here. The Russell is the one that is trying to lead the Mark Asire. Quite frankly, in a counter-trend rally, you want the Russell and the NQ to be the two charts that would do that. We don't have any confirmation of that just yet, but you now know what levels to be looking at. In the case of the Russell, that level is going to be $17.87. We see a close above that. Then we're looking at $18.3640. Now we're going to share a lot of other charts here in the next 48 minutes or so. But these, this set of charts right here, go ahead, grab a copy of it. This is the most important set of charts for you to be able to identify what the market is going to communicate to us during the day and at least into the evening. Now let's go switch back and take a look at some of our other charts out here. We'll begin by taking a look at the index ETFs and see what they're doing out here. So to do that, we're going to go over to this set of charts right here. There we go. So if we take a look, let's start with these spies. The spies yesterday moved lower into the swing point from the trading session of May the 12th. That swing point had 125 million shares. Yesterday's volume was slightly lighter, volume 117 million shares. Where the volume was really light is inside the NQ. The NQ moving down into, not the NQ, but the Qs themselves. The swing point from May the 12th, volume of 120 million. Yesterday you moved down with 79 million shares. Now, in the case of both the spy and the Qs right now, just looking at those upper panels, we don't have any kind of tests or rejections. We just have price trading into swing point, key swing points with light volume. If you take a look at the volume today, you got 52 million shares. We're four hours basically into the trading session here. It doesn't appear that we're going to get more than 125 million shares. But until we get a rejection of price, that's either a move below 385.15 and a close above it on lighter volume or a close above 395.80 with lighter volume. That would be your test and rejection. The levels to be watching in the Qs are 284.94 to the downside, 295.75 to the upside. Now, the Dow diamonds are testing their May 12th swing point on much lighter volume. That swing has 6.7, we'll call it 7 million shares. We're testing it with 2.3. So if the Dow diamonds close above 312.53 today, you will have a test and rejection of a key swing point. That says you can't bust them down. Price will try to bust them to the upside. Steve Rhodes with TFNN will be right back. Inflation, we are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. VISTA Gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. VISTA Gold just completed the Monk 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 Monk Todd as an attractive, dearest partner, ready-development stage gold project. VISTA Gold trades on the New York Stock Exchange under the symbol VGZ. 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 at number two for the year, an amazing accomplishment. 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A frequent contributor to TD Ameritrade Network and CNBC, 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. At 1-877-927-6648 internationally at 727-873-7618. So when we looked at that 120-minute timeframe chart for the Russell 2000, I believe we mentioned that that is the strong dog out here. When you take a look at the index ETF, the IWM, you get that same picture. Price has not even been able to make its way back to that May 12th swing point, which at the top is at 174-34, doing 21 million shares today. The volume on that swing point is 52 million shares. So again, light volume. Now let's go dig under the covers here and take a look at what's going on inside under the covers for the sectors with inside the S&P 500. There are two that have tests and rejections of the May 12th swing point. The first one is to be in the XLY. So if the XLY closes today above 140-203, it's going to then reject a swing point with lighter volume. So you might go take a look at the instruments that make up the XLY for a possible trade. Now, again, in the XLY, this is the right here. Let me just expand out the chart. There we go. The XLY has a bullish structure daily profile. That price is now below for two consecutive days. So what you have to realize is if you take a trade inside the XLY, that your resistance level, your counter-trend move level is 150-38. So you'd want to watch that. If price can get above 150-38, then it's on its way to 158-73. But so far, that's a sector that is the consumer discretionary sector that is giving you a buy signal. Let's start from the upper left. Well, we'll skip the spies. We're going to take a look at that. In the case of the XLK, it would need to close above 133-40 today to then give you that test and rejection of its swing point. Or it needs to push down below 128-43 and close above that level. The XLV is giving you a test and rejection on lighter volume. Now, it's trading right now, 127-59. It requires a close above 127-32. If you get that out there, then likely what the XLV will do is move up to its descending trend line, or about the 130-86 level. We're already covered the XLY. The XLF needs either a close above 33-36 or a move down below 32-41 and then back above it to get some type of test and rejection. So right now, it's just kind of in no man's land, as is the XLK, as is the spy itself. The XLC, the communication sector, if it can close above 58-38, then you will have a test rejection of that May 12 swing point. I, the industrial sector, is testing and rejecting that swing point. As long as it closes above 90-19, you then have a buy signal there. Now, that buy signal should take price up to, well, at least 93-71. I'd say 96-34. The consumer staples area needs a bullish reversal candle to confirm a bottom there. Otherwise, price will head lower, move down to its next A to B equal CD price projection level, and that's at 68-76. The energy sector is strong like bull. In the case of the real estate sector, a close above 4204 today would be a test and rejection of its May 12 swing point. The other option is testing 4137 in the downside, closing back above that. Doesn't seem likely that that's going to occur. Utilities sector just consolidated and it's been consolidated for the most part for a series of a couple of weeks with inside its swing point. It is not May 12 for it. It is May the 2nd. And then finally, the material sector out here, you've got, so actually since about an hour ago, we've got several, I said there were two sectors that right now we're testing and rejecting their key swing point. That's not correct. You now have the material sector that's doing the same. It's going to have light volume. So a close above 8205 would be a bullish signal there and suggest to move up to the 84-16 level. So right now we've got the XLB. XLRE is really close. You've got the XLIs. And you've got the XLY. So you've got four of these sectors here that are giving you the, hey, we're not ready to add lower. In fact, we're probably going to do the exact opposite. But you want the indices, or we certainly want those equity future contracts to start trading and close above those key resistance levels on the 120-minute timeframe to give us that signal. If we don't get that signal, then we don't have that signal. And that means we don't have a signal or a conclusive signal to suggest what the market's real intentions are. Okay, where do we want to go next? That's a great question. So we take care of those things. What else is it that I can share with you that would be helpful? And I don't know the answer to that question right now. So let's, there are no requests. I don't believe there's anything inside the tiger's den. So let's see what we can... Let's go take a look at gold. You've got gold moving higher, up 26 bucks. Let's go get a feel for what that is doing. So let's get over to our... And to get a feel for what it's doing, right? First, the most important feel, so to speak, is this chart. What's gold doing in all the major currencies? Well, if we take a look at gold in dollars, we know that's trading higher. If we take a look at gold in euros, it's higher. Gold in yen, it's higher. Gold in pounds, it's higher. So the price move that we see inside of gold, there's no reason for it not to continue higher. So the question should be, continue higher to wear. Excellent question. For that, we go take a look at the June contract out here. The June contract has a bearish structured profile. And that suggests that price will go target the 1861, 1872 level. I don't know if we'll take that out, but that becomes the range where price should head to, because that's where the sellers are located. They're certainly lined up in 1872, but we have sellers also in the 1861 area. So that's what's going on with gold. Let's take a look at hi-ho silver. As we take a look at silver out here, we'll see in the case of silver, let's get over to this set of charts here. So this has a TD9 count bottom and you're inside a bullish structured profile. You're above the center of that profile. That suggests to move up to 2276 out there. Now, the real resistance level for Goldilocks, if you look at the weekly chart, please look at the weekly chart and I'll ask you the question, where is the real countertrend rally resistance level for it? Where is it? Where is it? Yep, 2312. That's because it's a bullish structured profile. We're now the third week below that level and if it's only a counter trend move, that's where price would find resistance at the 2312 level. We've got a question inside the Tiger's Den. It is from Flip and Flip wants to go take a look at ARKK. One of Kathy Woods funds out there. So let's go take a look at our three panel set of charts out here. ARKK and go see what we've got there. You say, please take a look at it. So let's get rid of the three drive to a bottom pattern that it had there or was forming. And so now we take a look at ARKK. Let me second to get rid of, just clean this chart up just a tad since we were last here. Okay, so what we've gotten, the question would be, is there some kind, let me just expand out the chart. Is there some, oh man, did I really do that? I did. Okay, so the question is, is there some kind of A to B equal CD pattern? Well, most certainly there is. We could draw that in here for you. So the A point is all the way up here. This is on the trading day of February 16, 2021. Your B point is going to be the low from May 13. Your C point is going to be the high of June 30, 2021. So in essence, price has gotten down close to the 1 to 1.618 level. You've got a bullish reversal candle that formed a few days ago. You're inside of a daily profile. So the resistance zone here is 4567. The support zone is at 3686. Is there anything more to ARKK? Well, when we get back to this break, let's go take a look at it. I'm on the weekly chart down here. What is that low from last week? Hint, hint. We have someone that's usually inside the tiger's den and his call sign begins with the letter or given to the name Peek. What follows that? Wave number seven. C roads with GF and N will grade that. 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. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no catch 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, interact with other tigers and tygruses 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 the 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 Charts. 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 and purchase a variety of formation setups, including Gartley's, ABC's, 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. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. So now we're taking a look at the ARKK charts, the Multi-Time Frame Church, that is. So if we look at that flip, if you look at the monthly chart, what you're going to see is that this month, the month of May is going to become bar number nine of a TD9 count. That says we've got a completed TD9 count bottom at the breakout level of support of $39.41. Now, as you and I know, you can get a lower low on the following bar number nine. But right now, the monthly chart is saying, hey, I've got a bottom signal. Now, the month is not over, so something could change. You'd have to get it closed, quite frankly, above $75.43. You're at $43, that's not likely to happen by months end to negate what I just said. So it looks like you've got a valid TD9 count bottom at the breakout level of support, which is really what you want from a monthly timeframe. Then you go to the weekly. Is there a message of a bottom on the weekly? Well, it turns out wave number seven, that's letter G out there. As long as we don't get a lower low this week, then you've got a confirmed wave number seven. Now, what price we'll need to do on the weekly chart to suggest an intermediate term change in trend would be a close-up of that oscillator and change on that. It's currently $47.11. But nonetheless, what you have here is a monthly bottom signal and a weekly bottom signal. And now we go take a look at the daily. We just did that A to B equal CD pattern on the downside. And what price needs to do in order to confirm that it's ready to start moving higher is close above what? Close above where the sellers reside. Well, the sellers reside at the top of the profile. That's at $45.67. Now, I don't have the insight to know whether or not price will be able to do that, but that's what the signals are telling us that ARKK is right now attempting to form a pretty solid bottom, monthly, weekly, and daily. And the daily would be confirmed with a close above $45.67. Let's not spend much time here taking a look at this set of charts. And instead, what I would suggest, but this is how I would handle this, where this is showing us bottom signals out there, I then go into the individual components to see what are they communicating to us, right? You've got to dig down deep into the covers out here. So let me do that. Let me get that going. Give me just a moment to do that for you. So don't have many questions in here. So we're allowed, so we're able to do this. So that's a beautiful thing. So let's start with the top eight holdings. Now, this may be slightly out of order. This is probably from last week when I went ahead and updated this. But Tesla is around the number one waiting inside there. Now, as we take a look at Tesla, I don't have a bottom panel, a bottom pattern out here for it. But when we come to Teladoc, we do. And Teladoc has a nice Rosamund indicator signal. Now, right now, all you've got is a consolidation with inside its daily profile. What I would do, Flip, if I were you, and you're interested in Teladoc, I'd go do like that multi-time frame chart that we looked at, see what's going on the monthly, the weekly, and so forth to get a signal. Roku has a nice Rosamund indicator bottom signal. I would do the same there. The resistance level inside of Roku is between $99.93 and $1,1056. ZM is at the ZM, Zoom. I think that the ZM is Zoom out here. That has a Rosamund indicator bottom. Price consolidating with inside its daily profile needs a close of up 100.25. But as opposed to taking a trade in ARKK, I'd consider Teladoc, Roku, or Zoom. Let's take a good coin out here. So for coin, I don't know if there's an A to B equal CD to the downside. I have to go back and do that. I'm not going to do that work right now. So I'd have a bottom signal that clearly sticks out in it, or EXAS, or Square, or U out here. So those which are part of the A top weighted stocks inside there, Flip, you're better off taking a Teladoc, Roku, and Zoom. You know, you better just create your own little version of an ETF out there. Now, there's eight more. This does not include all of the instruments. But we'll go over and take a look at the next eight out here for you. Give us a moment. And this is helpful because we get to take a daily timeframe of a number of different charts out here. So now you've got the path of least resistance. That's our polar bear, David White, P-A-T-H. Who knew that he had a stock name back for him? It's UiPath, I believe, is the stock. I don't know if it has a bottom signal or not. I mean, in other words, it doesn't have one of my patterns. Maybe there's an A to B equal CD. Maybe not. However, on NTLA, you've got a Roadsman to Indicator bottom. If the price closes by $51.48, you're off to $59.82. Twilio, a Roadsman to Indicator bottom. Spotify, Roadsman to Indicator bottom. Beam, not so fast. No bullish reversal candle just yet. Draftkings, Roadsman to Indicator bottom signal. Shopify, Roadsman to Indicator bottom signal. So flip. The better instruments as opposed to, I know you're focused on ARKK out here, but I would instead look at the instruments that are giving you the best bottom signal if you were thinking of taking a long position in it and instead just take, you know, maybe it's a half a percent risk in each of them or a quarter percent risk in each of them or something along those lines. But what you really should do with each of those instruments, that includes everybody else that's listening in, is take those with the daily bottoming signals and do some type of multi-time frame look to get a better view as to what they're communicating to you. So hope that helps you out, Flip. Thanks much for the request out there. And we do have a question that is coming, and it is from Hector and the fuel injectors. And Hector wants to take the googly one. So if you give me a moment, we're going to get back to our multi-time frame set of charts out here. We'll put in the Google symbol and we'll read Hector's question, which goes like this. Happy thirsty Thursday. Here's to you if I come to take a little swig, because I am thirsty. But an ice cube slipped right through that little crack. And I didn't want to chew it on the air out there. I don't have anything against chewing ice cubes. The question goes like this. Google on a weekly and the question is light volume there. So okay, so we're going to go check out volume. We've got to go to my black background chart. So give me a moment, we'll flip the screens out here. And we'll go back to the white ones. So let's get over to what Hector's talking about. And volume so far this week is about 4.4 million shares. We loaded up another wagon. Please review for us the A to B equal CD downside for by the D point pattern. Well, you've got it. So in the case of Google, what you're waiting for, what Stevie would be waiting for is a bullish reversal candle. Yes, you have the A to B equal CD pattern. But what's missing from this Hector and Patty is a bullish reversal candle. Just because a candle is green doesn't mean it's bullish. Just because it's red, the body of the candle does not mean it's bearish out there. And we do not have a bullish reversal candle for the weekly time frame. So that says, unless we see some other kind of bottoming signal like wave number seven or TD nine count, I would be hesitant to make the lower the wagon decision based upon the weekly time frame chart. No, maybe we'll see something on the daily chart out there. And it also has an A to B equal CD. It's the same. No, it's a different A to B equal CD pattern out here. And that's okay. But what it also does not have as price has moved lower is some type of bullish reversal candle. So both on the daily time frame and on the weekly time frame, we do not have a confirmation. Now price is pulling back to an area of support or I should say a potential area of support. And that is the bullish structured area of its monthly time frame, which is in a range from 1959 to 2176 out there. It's pretty good range. So let's go look at the white background charts. Hector and Patty, maybe we can find something there that's helpful to us for your trade. And we begin by looking at the monthly chart. Anything to help us? We do not. Nothing more than what we looked at. Now the weekly time frame chart. We already talked about the A to B equal CD. You can see we don't have a bullish reversal candle. This says Google could be making run for 2015. Now 2187 is the 1 to 1.272 A to B equal CD. So that could be another pit stop here on the daily time frame, which you'd really love to see. And maybe you get this tomorrow, guys, Hector and Patty. You've got a roadsman to indicator signal or bullish reversal candle. If you get that, then you're off to the races. Now those races may stop when you get to 2375. That's where a counter trend move would end. But you get above 2375 up to the 2488 level. So Hector and Patty, I hope that helps you out with regard to Google. Best of luck to you on that trade. Look great. 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The Prospectus or Summary Prospectus and Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus The Prospectus or Summary Prospectus Very short-term trade Okay, so I think that's what I would be looking for at day's end. If price remains below $39.11, then I don't have any reasons to suggest that you, at least from the two-hour timeframe chart, to Jettison that position out there. But back to your original question, you were looking at the SDS, you were looking for a support level. Now I would say if the spy closes above $389.60, it makes that trade a little bit suspect. All right, and thank you, Steve. You answered a very important question that I've always, you said the two-hour chart seems to have the best answer for the market direction. And I've often wondered that, because I use a lot of intraday charts, from five-minute, 10-minute, 15-30. And a lot of times, you might have a bottom signal on a 30 and a bottom signal on a 15, but you might have opposite signals on different intraday. Sure, but allow me to clarify, allow me to clarify, Mike. And I don't mean to interrupt you, obviously I did. But when I say the 120-minute charts are the best chart timeframe, what I mean is the best chart timeframe right now. So I look at, in markets like this, I look at all timeframes for all four equity future contracts, trying to find one timeframe if there is one that is providing us with the best signal information. And to me, that's like riding the waves. I live on the water, you watch those waves come in, they have a cycle, they have a set of patterns, eventually that pattern moves away. That means like in a stock trading, you're sometimes the timeframe moves away. But right now, and I was able to identify early this morning, it was the two-hour timeframe that was providing us with the best signals. And then we watched the price mark, the laboratory, we watched the price action out here, that was confirmed by that price action. That's why I stick with that two-hour timeframe right now to provide you with the best signals. This will eventually go away. It could be tonight, it could be sometime tomorrow. But right now, these are the charts that I would be paying attention to, okay? All right, well Steve, thanks so much for the parameters and I appreciate everything you do for us next. Well, thank you and I appreciate your call. So that was Mike in Orman Beach out there. Now, I forget what I was looking at earlier. What was I looking at something for someone out there? Oh yeah, I think it was Tesla short. So let's go back to those charts. Hey, I'm pretty proud of myself that I was able to remember what it was that I was looking at. So let's go back to those multi-time frame charts. Hey, it is Tesla. Now the question in Tesla was to be able to identify support out there. So there is one level of support that Tesla is trading into. And that is the center of its monthly timeframe out there, monthly timeframe profile. So TSLA, I'm just gonna get that on my other screen out there, clearly read it for you. 686-28. So the support level for Tesla on a monthly basis is between 616 and 686. No bottom signal on the daily timeframe. No bottom signal on the weekly timeframe. The next level of support on the weekly timeframe is 627-24 out there. So those are your levels of support inside of Tesla and we'll be right back. 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. 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Hey, how about that football game that took place last night on skates in Calgary out there? The score was nine to six. I watch a lot of hockey games. I cannot remember seeing a game with a score of nine to six. I know they've had plenty of them out there, but it's pretty unusual. Basically, there's no goal-tending at nine to six a score out there. But if you like goals out there, that was the game to watch. So it's kind of like golf. You have a low score on one day, and the next day you come back, and you're like 10 strokes above where you were the day before. So probably the game on Friday in Calgary. Calgary is such a beautiful city. I don't know if you've ever been up there. I think I mentioned I did have a store in Edmonton and often times to get there if I was flying out of Salt Lake and stopping Calgary and then you'd go off to Edmonton out there. But just beautiful. The Calgary Stampede, that always begins July 1st. That is a big party out there. But great hockey. The question is here about Apple. And with regard to Apple, it is looking just horrible. It's below all kinds of support levels. In fact, the next area of support for Apple is between the 127.07 level. That's a TD9 count breakout error for the weekly timeframe. And 123.13, that's a TD9 count breakout level on the monthly timeframe. The daily, if it were to form some type of bullish reversal candle, then you would have a buy the D point pattern. But we don't have that. Everything is below support out there. Looks like Apple wants to continue to move lower. So to wrap up the show, what are we gonna do out here? I don't know, let's go take a look and see if there's anything worthwhile to mention to you. Give me a moment. Let's get back to these charts here. I'd index ETFs. Let's see what we've got. You know, you still have the Dow Diamonds testing rejecting that key swing point of May 12th out there. Close above 312.53, unless it's 6.7 million shares. And that's gonna be easy to do today. That is a total test rejection that's weak. Folks, stay tuned. Your favorite polar bear, David White's up next. Tom O'Brien will take us on home. Hey, join me tomorrow at eight o'clock sharp. I'll be recording tomorrow's show between eight and nine. Have a terrific Thursday.