 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks, welcome to the March 7th, the terrific Thursday edition of today's Traders Edge show I'm your host Stevie Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day. Let's have an extraordinary one You know the easiest way to do that is to always remember that everything in life is happening for us, not to us That's right. When you and I make that one little 2x4 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, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning I want you to know I'm absolutely grateful for your presence here, but even more important than that And that's this during this next 53 minutes. I am here to serve you So feel free to pick up that phone. You can dial on in at 877-927-6648 Now if you've got a question, but you can't call in, you can always send me an email Now send that off early if you would. Steve at TFNN.com And inside the subject heading please put radio show question Of course inside our Tigers down well than any. In every ping we'll 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 the show Right now you got all the U.S. indices that we track. They are trading the upside Same thing with regard to the sectors inside the S&P 500 We have the Dow up 168 points. That's about four tenths, nine tenths for the S&P 45 points, one and a quarter for the Nasdaq 100, 221. The Russell's up 17 Semis up 146. That's a 3% move there. Trendy's up 169 Gold is up 60 cents. Silver's up 9 pennies. Lake recoup is off 67 pennies The gas down 6 cents and a 30-year treasury. Printed out at 121.18. That is off one tick Let's figure out what all this means by looking at that start off By taking a look at the equity futures out here. Let's look at the daily and the weekly Just kind of refresh our memories exactly where we're at on a Thursday What to prepare for for tomorrow. What to prepare for on Monday. So here The upper left hand side is going to be the ES mini. The lower left hand side Daily time frame that is. Lower left hand side is going to be the weekly time frame So all the weekly charts along the bottom, the weekly charts along the bottom, the only March, the only the ES mini is one that I get enough data to Include the current contract. The others are the continuous contracts. Doesn't matter. They are still providing the same data. What's the same data? Well, first of all The ES mini will negate its rogment to indicator top if price Closes above the high from March the fourth. That high is 51, 57, 75 So far we've tested that. If we close below that That pattern still is it is still present. Even if price close above The top of its daily profile 51, 28 The end queue now the day a weekly time frame A TD nine count top is going to complete This week. Now what this is going to help us with is whatever the high Is this week. We wake up on Sunday night. Well, not wake up if We are still well, whatever it is that we're up. We start taking futures come Sunday Evening and futures are trading above whatever the high of this week is It just has what the signal could be telling us Is that the TD could be telling us is that the TD nine count Weekly time frame is going to fail. If that's going to fail, we've got a large move Still in store for us there. So we'd want to watch that in the case of the end queue The end queue does not have a top. Right now price is trading above its green Chainsline. It's trading into its swing time all time swing point high From March the 4th. Odd's favor now as long as price can remain above 18 234 or at 18268 right now price should Go ahead and tag that high. At least tag that high. No top Still inside the end queue on the daily time frame inside the Dow and on the weekly Time frame also this will complete a TD nine count top this week So it's going to be whatever the high of this week is we come in Sunday night futures Open up and they start trading above these levels again. It's a weekly time frame So it's really where the equity futures close next Friday, but still we'd have some kind Of indication with regard to the strength of the market right now inside The end queue and the ES while the ES are still the top but we'll see where today close the end Queue there is not the Dow itself is consolidating with inside Its daily profile. It's got support at 38 370 resistance at 38 9 20. That's the one that's really kind of suggesting caution because it's Cooled off out there and if it's cooling off that's giving us a signal that maybe Global capital is starting to cool off a little bit as well. Maybe they're aware of Those TD nine counts out there and we got a TD nine count top that's going to complete Inside the Dow the actual high of that pattern was three weeks ago So it would need to be you need to see futures trading above that high that high By the way from three weeks ago was 39 343 a future trading above That comes Sunday evening boy tells about a strong upward momentum Move inside the Russell 2000 turns out that Today has triggered a wave number seven and It has triggered bar number nine of a TD nine count the Russell 2000 Should top between today or tomorrow. There's also roads meant to Indicator signal it's present my preference would be to see a bearish reversal can to confirm That pattern but you still have the other two and we would respect those that's Wave number seven again and a TD nine count now on its weekly timeframe There is no topping pattern here and this weekly timeframe is just simply all Fullers with price above a greenhouse that are in change line and with price above the top of Its profiles so that's what's going on when we take a look at what's going on the daily Weekly timeframes for the US equity future contracts let's go take What's going on under the covers and to do that we dial down to those intraday Time period charts so on the intraday time period we've got a five hour timeframe Chart so let's just go through each of them especially since we're up towards these highs out here So make we make sure we pick up all the signals the signals here on The five hour timeframe the top was formed with a roads meant to Indicator top that was at 500 500 that was at 5 p.m. On March the 4th that is a key high that high out there is 5157 75 a close above that negates that signal probably Sets up a larger a to b equal CD pattern with the b point being down here On the five hour timeframe 5 p.m. Last evening out there So watch the high this is a key we're trading inside right now watch that 5157 5157 75 now this bar right now for a five hour timeframe completes That 2 p.m. So it doesn't matter what it's doing at 11 13 it matters what it's doing At 2 p.m. If we look at the four hour timeframe chart prices made its way back To its TD 9 count breakdown resistance level so we're up at resistance which is at 5157 75 no surprise there But it was a TD 9 count that identified that level for us that's also a roads meant to Indicator top on the four hour timeframe chart the four hour timeframe bar right now Complets at 2 p.m. As well so watch 5157 75 at 2 o'clock this afternoon The price is above that you know that you've got a couple of Topping patterns that have been negated how about the two hour timeframe chart for the ES mini also 5157 75 it is also roads meant to Indicator signal there is again no topping pattern other price getting back to resistance When you get back to resistance that in fact can be a top but if we're going to See that top we're going to see that in the other intraday charts out there so we know that That is a real key level at 5157 75 area I've already Been through that enough for you to say you know that's the key area If we look at a 60 minute timeframe chart that's in my lower level let me just expand it out it has Need to be equal CD pattern to the upside it has completed the one to One move however if we take a look at the strength on this C to D leg You always maintain the well you don't have to do it but I'm going to suggest that you do it You maintain the exact angle of A to B as you do on C to D Because if you don't you're going to miss out on a lot of great information when you are In this leg here right now the C to D leg much stronger than that A to B Leg out there and that suggests that we do more than a one to one A to B Equal CD to the upside zeroes with TFNM If you're looking for potential trading setups in the stock market then Rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them A combination of fundamentals and technicals sign up for Rocket equities And options report today with a 30 day money back guarantee so you have nothing To risk for all the details and to start your subscription today visit the Front page of TFNM dot com TFNM educating investors You might think that if you want to be successful at trading In the stock market you're going to need a crystal ball after all it's impossible To predict the future right like any endeavor in life before you Decide it's impossible get some advice from the experts You might find that it's not 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become a part of this educational community of traders Just visit the front page of TFNM dot com 727-6648 at 727-873-7618 Welcome back folks let's get into some requests otherwise I'm going to get way behind I don't want to do that we can always come back and try to do that same full review We didn't really get to the interday the even the shorter timeframes for the ES mini But we can try to do that same thing for the NQ I think you kind of get the feel And we know what number to the upside that we want to be paying attention to at today's close I think it came in from John from Philly was a take look at the New York Stock Exchange It's top 100 US stocks as well as top 100 International stocks I use a different data feed in order to Get this information this snapshot was taken an hour ago or so What we can see here is that there was a wave 7 top that's being negated there was a roadsman to indicator top Looks like the trading day from 2 4 6 about 8 days ago And so a price closes above that high the top 100 Stocks inside the New York Stock Exchange will just simply be all out bullish If you take a look at the international stocks they don't have any kind of top in fact yesterday Negated their top topping pattern it had a roadsman to indicator signal That lasted for one single day out there so that tells you about a strong move there So I did want to I did provide those charts everybody in the den yesterday afternoon That was yesterday's charts now you've got today's charts or at least as of about an hour ago So that takes care of that set of charts let's go take a look at the AGN This is for Dan inside the Tigers Den AGN is a ticker symbol And here what we can see is just simply a consolidation with inside its daily Time frame it's got support at 65 cents and has resistance at 84 cents out there if we take a look at the weekly time frame As a wave number seven bottom that is letter G would also is Consolidated with inside its profile and that's between 60 cents and 85 So really worth 60 or 65 and 84 and 85 out there I mean that is your consolidation zone no the real key level here for Dan Or anybody that is trading AGN or is trying to take a long Position the real key level here is going to end up being the monthly oscillator And changeline that's your very right hand panel you can see how for basically Last year and a half or so that level has been tested many times Inter month and it by the end of the month it has failed Right now that is printed at 79 cents if we get a close above that on a monthly basis I say AGN has some action to the upside we probably have some Bottom patterns on the daily and the weekly of course we already have those patterns Especially if these consolidations hold here so that's what we've got We take a look at AGN hope that provides with the information you were looking for Duncan Steve wanted to take a look at ENVX so let's pull that chart Up on our screen out here So make sure I'm going to respond there we go so we take a look at this This has a rogment communicator bottom that formed out here on February the 6th This is being tested as we speak right now many prices back inside this candle That candle did volume of 3.9 million shares yesterday the volume On this was 2.8 the day before was 3.5 Today so far you're at 700 so that's a couple Million share a day again going after the lack well really going after that Swing point that's got 3.9 or 4 million shares out there Prices also inside this bullish structured zone the buy Zone of its daily pro profile and that's between 927 and 960 out there the price did close below 927 volume or not out here Duncan I would say price would go Tag and test that swing low from February the 6th It's a real possibility especially if on a weekly basis we close 952 so tomorrow you get a close below 952 the weekly chart would be below It's read oscillator and change line below profile support that's opened up The door to take a look at 833 out there and on a monthly basis right now We're trading below the bottom of its monthly profile so it's really all about how strong Is this bullish structured zone out there so far it has held up It's held up anytime over the last couple of weeks out there and that would then tell you If it fails at 927 there is your chunk In the armor out there so that's what we've got we take a look at ENVX S&P inside the Tigris M wants to take a look at natural gas So let's go take a look at natural gas has completed the one to one A to B equal CD pattern The upside we'll get those charts up here momentarily And although I don't have that drawn in there I can draw that in for you if you'd like so you can take a look at the A to B equal CD pattern So if you give me a moment so this got a buy the D point pattern A to B is going to look like this I'm just simply going to copy that I'm going to take this over to that C point that completed Now notice how on this case here we were taking a look at a 60 minute time frame chart for the ES bidding We're talking about maintaining that exact same line on A to B as you do to C to D See how this completed and it was to the right hand side it was on the weak side of that line In other words B to C was much weaker than that A to B move out there We're likely going to just simply kind of peter out at that one to one level Which this is basically done we don't have any kind of bearish reversal cannibal We do have as a new profile out there so for those of you that are interested in getting in On the long side for natural gas right now you've got Two different patterns that you could consider one pattern is the Two bar knee jerk reaction low that's going to complete today that would be one pattern The second pattern would be buying support and support right now is between 176 and 180 out there 180 being the bottom of its new Profile now I had mentioned a two bar knee jerk Reaction low as one possibility let's pull over the daily time frame charts And take a look at it and try to factor in what are those odds since we have come off Of the bottom since this format by the D point pattern out there We have seen two such retracement both now if I go back up Here we take a look at the daily time frame chart out here what I don't know is when These retracements were being done it would take too much time to try to look at interday charts To see if you know if there was some kind of bottoming pattern there But basically you don't even really need to do that right we know about in a strong bull market We don't know if it's a strong bull market or not just yet but we do know that Typical pull moves to the downside in a bull market are going to last Two to four bars in this case here we can see they've been two bars so somebody Who really has a hankering for wanting to get in a natural gas maybe at the end of the day you begin A position you make sure you use a wide enough stop out there that wide enough Stop says it's got to be under a buck seventy six because that's the red Ocelot and change line for the daily time frame out there we can see on a weekly basis That Ocelot and change line is acted as resistance as well the 30 minute time frame chart Is going to go ahead and complete a TD nine count bottom at At eleven thirty so another four and a half minutes out there there's a pattern There's a time frame to watch s&p is a 30 minute time frame chart For natural gas last time that this formed a TD nine count bottom was back Here at twenty one hundred hours last evening that went ahead and Made a high ran right into resistance at the top of its profile out there so You could be actually getting the bottoming signal right now so pay close attention To that 30 minute what do you want to see on that 30 minute time frame you want to start seeing Price closing above the prior bars high out there and not Closing below the prior bar so that's one thing to be taken look at you can do That even on a shorter time term time frame to see if you get some kind of additional Information there so s&p I hope that helps out with regard to natural gas I'm going to close out these charts and simply because they take up a number of resources Now we're going to take a look we're going to we're going to go drive up to Starbucks out there We're going to go drive the Starbucks the person who's driving is the Duncan Donuts guy That's right Duncan Steve inside the Tiger's Den he apparently likes a lot Of coffee Starbucks and Duncan Donuts let's get over to those Starbucks charts Out here give me a moment we'll get to my believe they are right here and yes they are So now we take a look at Starbucks what Stevie is looking at is the fact that Today is going to become bar number eight of a TD nine count pattern out there And tomorrow we'll complete the pattern as long as Starbucks closes Below $92.46 so that's what you've got going on the daily Time frame we come back from this break out here we'll do A little bit more of Java drinking so to speak we'll see what's going on the weekly The monthly time frame of course folks I'd love to hear from you we're going to look at the UVXY The advanced client oscillator we're going to take SMCI No VR that's it but I'd love more requests we'll be right back Gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties Across the global major trading hubs of the London OTC market The best futures market and the Shanghai gold exchange The gold report Tom O'Brien publishes his weekly Gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, The South African Rand as well as 25 different mining equities With specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold Report newsletter now at TFNN.com Sharpening your skills as an investor is like getting better at playing a Musical 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Join us and experience the difference today 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 So it turns out that Duncan is Really not a drinker of Starbucks. He's just looking to make an investment What a trade. So that opportunity looks like it's going to present itself To you. So what I pulled the chart back, I also noticed Steve That price is trading into its swing point from October the third. It hasn't got all the way down to the bottom But it has tested the top of that swing point. So far it's rejected that The top of that swing point is at $9107. Now there was volume of 7 million shares. Today this has already done over 2 million 3 million shares out there. So this is even though it may reject it with price It's not going to reject it with volume. And even though we got bar number 8 today I just favor that at least that high gets tested again. The price closed above it That's the high from October 4th. And again that high out there was at $9107. Now it's only bar number 8 that's completing today. So this pattern may not Complete Steve until Monday Next week out there. On a weekly basis that I'd say with it pushing into that swing Point with volume but certainly it's not today. I look at the weekly time frame Weekly time frame also testing that swing point which was a TD9 cowl bottom On a weekly basis it was 33 million shares. So far Starbucks is at 37 million shares. So you're pushing that swing point with volume Steve this is really telling us that that swing should get tested. So I would say that That low, that low being $89.21 should get tested by Monday Out there. It's not a guarantee but boy everything is pointing to that being The likely outcome for Starbucks. So hope that helped you out out there and Thanks so much for playing along with Stevie. Nitro watch, take a UVXY Basically that is dynamite out there and I mean the type of dynamite that could explode in your hands. But take it This is hard to trade. So I'll just share with you what I can share with you. First of all The important thing for people to know is that the UVXY is not Being traded based on what you see in this volatility index. It just isn't Why? Because it's holding. So I pulled up the holdings. These are as of last night And you can see that UVXY. You can see it's waiting here. It has really Two futures contracts. It's got both the March and the April. March is being phased out out there. Don't pay attention to those percentages because they Add up to more than 100% out there. So I'm not sure what this Entity is doing with regard to its math. But it's crazy math out there But those are the two contracts that are in play. And that's very important to know out there When you're trading. I think it's important to understand what's going on We take a UVXY. All that I can share with you right now is you have resistance At 729, 748 and 767 to the upside It looks like UVXY might be something somebody Wouldn't want to entertain out there. Why? Because on a weekly basis we're going to complete A TD9 count bottom pattern this week. It turns out it's also got a Roach Bentham indicator signal. And right now you got a bullish and golfing candle. And that would confirm that price should be moving up towards 907 over time That's the UVXY we take a look at the daily and the weekly time frame chart But again, it's really a matter of understanding what's going on on the Futures contracts. Here for example is the April contract which makes Up probably 75% of it. And here when I take a look at the bottom When I take a look at the daily time frame I don't have a bottoming signal but on the weekly We do. And that's that TD9 count out there with regard to the April contract. How do you trade UVXY based on that? You know, it's pretty tough. And I'll switch over the best trading System I've found out here. Well, I would give you a couple Things to pay attention to. So you do want to pay attention to, you know, trends Making higher lows higher and so forth. But now I've switched over to the black Background charts and then the black background charts over the years We've had calls about this. And what I found is typically the best Out here, especially in a trending market right now. We really don't have that trend When I take a look at this product out here. What we can see it is using a very short Term time frame and utilizing profiles. Utilizing those profiles To assist you with your trading. This is a three minute time frame chart out here You know, so I would suggest getting access to that If you're going to really be an intraday trader. You want to understand where those profile levels are at Whether we have, whether it's giving you bullish signs or Or bearish signs out there and just find that kind of Short-term time frame out there. So Nitram, that's the best I could do for you With regard to UVXY. I hope that helps you out and best of luck to you Peter wrote in, want to take a look at the New York Stock Exchange, the advanced client oscillator That's really panel number three out here. It's the one that actually says advanced client oscillator So I'm trying to make it as easy as I can. Above that happens to be the advanced Decline line which is rising So that most certainly is not bearish. It's not back in its all time high. That took place Way back in 2021, back in the November time frame, but it is rising But to answer Peter's question, and his question was this, is the New York Stock Exchange Advanced client oscillator giving us any information? And my answer to that is absolutely Not. Peter, this has been going back and forth above And below the zero threshold level where right now The information that's in there, for me, it's not giving me a very clear signal What's the current status? The current status, it's above the zero line right now That would give buyers the edge out there, and I don't see anything here To negate that, but it's just been hobbling back and forth Back and forth. Maybe that has something to do with the fact that markets are trying to rise With a spotball of 10X that is below, I'm sorry, that's above the 50-day Expedition moving average. So here's the current condition, but I don't believe Provided us with a ton of information, but if I had to lean on one side versus the other Right now it would be the bowler side as far as the signal that it's producing for us But then we get to that, and then we take a look at the spotball of 10X Okay, we take a look at the futures contracts out here Spotball of 10X still above that 50-day expense moving average, 50-day, 1387 Spot right now at 1438. Why is that important? Well, why that's important is because typically the way that the spotball of 10X and the S&P trade The green boxes out here which we're showing show your periods of time For the S&P 500 when that spotball takes below the 50-day The red boxes are when it's above the 50-day out there And so right now, it's not working There are periods of time when it's not working, you have to identify those and just simply put them On the bookshelf, and that's where this is as we speak right now We've got to utilize our other tools. We've got plenty of other tools out there So let's go to our next request. The next request was to take a look at SMCI This is for Electric Light Orchestra inside the Tigers Now we're going to switch our panels again, get back to those white charts So if you give me a moment here, we'll have those on the screen for you You should see three time frames. You see daily, you still see that fix up there But momentarily, we'll get that switched over to SMCI Now, I don't believe there was a question out here What I can share with you is SMCI has a wave number 7 Top that will be triggered today as long as price does not spike above $11.69.50 Now what that should result in, ELO is a pullback to support And that first level of sports is going to be that daily green oscillator and change line Currently printed $1,050.73 If price were to close below that, that would tell us that SMCI has lost its momentum And that would also suggest a pullback towards $7.85.36 That's the top of its current profile out there The weekly time frame is just simply bullish, period, end of story As is the monthly, so it can't be too hopeful about that wave 7 signal out there Now Bear's reversal candle would confirm a rogment to indicator top But again, that top would also just tell us the same thing, which is get back to support We know that's at that oscillator and change line And then below that would be the top of a profile So ELO, that's what I see when I take a look at SMCI And I hope that that helps you out Duncan wanted to take a look at snow out there So let's go ahead and pull that ticker symbol up, SNOW I see we're going to the break here in just a few seconds So we'll come back and we'll review snow But just instantly as we take a look at it You're below daily profile and it's red oscillator and change line You're below weekly profile That suggests that it might want to pull back to its breakout level That's at about $1.42, $1.42, $4.44 to be exact Zero to a TFNM, we'll finish looking at snow as soon as we come back from this Currencies, commodities and bond markets are as important as ever right now With how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Kegstad's Tiger Forex report Teddy Kegstad breaks down the Forex markets every Monday Using his 30 plus years of experience as a trading veteran of futures, Forex, stocks and options Teddy releases his weekly Tiger Forex report every Monday morning With coverage of all the major currency pairs Including the dollar index, the euro dollar, pound dollar Dollar Swiss, dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year T-bonds As they both influence Forex markets tremendously When you sign up for the Tiger Forex report You also gain instant access to Teddy's 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the Tiger Forex report For all the details and to start your 30 day Tiger Forex report subscription today Visit the front page of TFNM.com TFNM Educating Investors After all, he's got 45 years experience as a day trader Larry will also provide daily charts, videos and data on the key markets that he's tracking Expect notifications from Larry on market movement you need to act on at any time First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNM.com Educating Investors Will the S&P 500 continue to climb? For bold trades on U.S. large cap stocks in either direction Trade SPXL, SPUU or SPXS Directions daily S&P 500, bull and bear Leveraged ETFs, direction leveraged ETFs An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit Direction Investments.com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors Distributor for side fund services, LLC This program is brought to you by Vista Gold Traded on the NYSE American and TSX under the symbol VGZ Snowflake SNOW is a ticker symbol out here We don't see any kind of a bottoming pattern It looks to me like it's next stop is at the 159-51 level That's its next TD9 count break down area out there on the daily timeframe The weekly timeframe 142-44 is where it wants to target And on the monthly timeframe not enough data for me to really comment on that So that's what I see when I take a look at Snow out there Duncan, hope that that helps you out Tim wrote in he wants to take a tick symbol BR so let's get over to those charts out there and see what it is doing Tim is looking for support and resistance, we can easily provide that Your support is going to be 20289, that's the top of its daily profile Since that's the top of the daily profile I don't have any other profile levels in the daily timeframe to give you resistance So for that what we would do is say your resistance level right now Since there was a bear sash candle that formed a few days ago Above this area where we're at that would be the high from March 4th Could be or should be a resistance area 20562 And then above that you've got a TD9 count top that took place on January 30th That would be another resistance point of 21024 On a weekly timeframe your resistance is going to be the oscillator and change line that's at 20629 Support would be between 19489 and 19799 On a monthly basis you've got a TD9 count top that's going to complete at the end of March And that would suggest a pullback to support which would be around 195170 But that number is going to change out there So that's what I see when I take a look at BR Support and resistance we've successfully provided that to you Thanks so much for writing in We had a request to take a VKTX out there And I did not write down who made that request My apology but the question was entry areas An entry point So you've got a TD9 count top that took place out here That formed on the trading day of February 28th out there Price right now is below its green oscillator and change line Trading with inside its profile So the easy answer to your question is One possible entry area would be the bottom of its daily profile Which is support and that's at 6673 out there The weekly time frame suggests that we will get a confirmed TD9 count top this week That pattern will complete next week And that suggests that price could pull all the way back to 42 bucks I don't want to go there right now Why? Because first price would have to break through the daily level of support That would be at 6673 out there So as price approaches 6673 Whoever wrote in and I apologize I didn't write it down Please write back Let's take a look Let's see if there's any kind of interday signal Or something to assist us Because we're a little bit concerned about that weekly TD9 count pattern And it's moved back towards that 42 level out there So if that helps you out Mimi wrote in and wanted to take a look at the profile levels for the GDX So if we take a look at that The GDX is going to pop up on our screen What do we know about it? Well profile levels Mimi on the daily time frame are well below price When I say well below We're trading at 2953 in the top of the daily profiles at 2693 So you can call that potential support out there If we look at the where's the upside resistance area On the GDX it's 3197 We're in bar number 5 of a TD9 count So there's no topping signals We're trading into kind of this wild swing point out here From the trading day of January the 12th Volume there was 29 million shares We're trading into it with about the same volume out there So you'd really love to see price close today above 2956 Out there we're 2953 right now Alright so the weekly timeframe Mimi you're in luck Here we've got the profiles In fact price is trading into the sell zone And that sell zone is between 2928 and 2979 The reason this is zone is because that's a bearish structured profile The center closer in proximity to the top Than it is to the bottom So price is trading into that area out there So that says okay we've got a bit of a congestion zone And on a weekly timeframe chart We're trading right up into the top of its profile as well So we're trading into profile resistance What's going on on the intraday charts Excellent question, glad that I asked that of myself And now let's go look at the 30 minute timeframe What do we see out here We see a Roadsman Dominicator top That took place at the 1030 bar out here Now price is above profile levels out there So Mimi only a close below 2906 Would suggest that the GDX is getting ready to Perhaps pull back out there So that's what it would take 2906 A close blow on a 30 minute basis out there You do have a short term top A price just trading sideways out there So maybe we don't get too much more action out of the GDX today Considering we're in the sell zone on the weekly timeframe But Mimi we get a close above 2979 Come tomorrow that would be a bullish outcome And that would bring that 3197 level into play So thank you so much for your request I'm sure others out there were wondering the same thing And let's go to Lee's favorite stock LB is getting a breakout today Inside of Uranium ticker symbol URA out there His question is where is the next resistance level Well the daily timeframe as you know Lee you are blowing through that And its resistance level is not a profile area It's a TD9 count breakdown And that's a 3142 And that is a likely outcome Because the top of the weekly bullish structured profile Is at 2983 The oscillator and change line is at 30 bucks out there So I'd say we're going between 2983 and 3142 Is your next upside area Now the fly in the financial ointment for Uranium Happens to be the monthly timeframe currently I'll pull this back just a tad You can see that this has a completed Intimidicator top Now the benefit there, the good thing there The bullish outcome there Is that price has pulled back Tested and rejected that green oscillator and change line So the monthly top signal is somewhat neutralized But it's still in place out here So you just have to And we're still inside its profile So you still have to be cautious So that top of that profile by the way 3016 So we're all about the 30s out here Looks to me like that's where price wants to head to So LB I hope that helps you out And as always thank you for your request Next request coming in from Hector And the fuel injector That would be Patty And he wants to take a look at the US dollar index We talked about that A to B equal CD pattern To the downside That was courtesy of Hector by the way Now let's go ahead and pull those charts up here So in order to get A to B equal CD to the downside Let's just open up that daily timeframe chart So that's all we're looking at All that needs is a close blow 10380 I'm sorry 10387 today We're 10289 Now Hector's question is Is this likely to do more than a one to one A to B equal CD to the downside And the answer to that right now Just following along A to B equal CD folklore language The answer is no The reason the answer is no Is because the retracement That B to C retracement Was a 61.8 retracement It was really 64% That's kind of the normal So remember in A to B equal CD patterns If I haven't mentioned this I'll mention it And that is that 40% of the 60% of the time It will do a one to one move That's the odds Those are not my odds Those came from Larry Pesto's book You know published back in the 80s out there I'm going to believe it My eyes have visually seen that as well Although I haven't kept track So 60% of the time It makes a one to one Well geez 60% What happens the other 40% That's the whole reason why you don't want to just Buy or sell the one to one You want to get some other kind of signals Even if it's some inter-day signals To assist you with that move out there So I don't really know where it's going to go But you were asking this You know this pattern Suggested it will do more than a one to one And my answer to that is no it doesn't However what does suggest that Is if we take a look at the weekly time frame chart Price couldn't bust them to the upside Couldn't get through that descending trend line So maybe what Price is going to do Is get down to the rising trend line And Hector and Patty that's in the one to one area And if we do that to get to one to one We've got to do a one to one point six one eight Or a one to two A to B equal CD So you were the one that was perceptive enough To identify that this was going to go ahead And form an A to B equal CD to the downside You were right So maybe you're going to be right about that one point six One eight move as well See Rhodes with TF and then we get back to this branch We've got to quickly go take a look at Marvell ABGO and CLF We'll be right back You might think that if you want to be successful At trading in the stock market You're going to need a crystal ball After all it's impossible to predict the future right Like any endeavor in life Before you decide it's impossible There's some advice from the experts You might find that it's not so impossible after all For daily market overviews That give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter At TFNN.com The opening call newsletter Is written by Basil Chapman Creator of the trading methodology Known as the Chapman Wave The Chapman Wave up down sequence Gives you an edge in identifying price turns Finding the peaks and valleys And stock prices Get the opening call newsletter by Basil Chapman And your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know And you'll get a full refund within 30 days of signing up TFNN.com Educating investors Everything in the universe Is governed by the Fibonacci sequence This mathematical principle Is responsible for everything From the most aesthetically pleasing artwork To stay on top of stock patterns You can take advantage of Sign up for the Fibonacci 24-7 newsletter At TFNN.com When you subscribe You'll get a weekly report from Veteran day trader Larry Pezzavento On stocks you need to pay attention to And you can trust Larry's analysis After all, he's got 45 years experience As a day trader Larry will also provide daily charts Videos and data on the key markets That he's tracking And you'll get lessons from Larry on market movement You need to act on at any time First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know And you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating investors Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing Whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels With top-notch investing systems, strategies and techniques It's time to protect and grow your money with insight you can trust Join us live Monday through Friday during market hours For exclusive content that moves with the markets At TFNN we bring the trading floor to you Our seasoned hosts are here to answer your calls and questions live on the air Check out the Tiger's Den for just $1 And follow us on YouTube and become part of our vibrant community And remember at TFNN we're so confident in the value we provide That we offer a 30-day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait? Tune in live to Tiger TV and transform your trading journey Because when you know better, you invest better Join us and experience the difference today TFNN Educating Investors Welcome back folks! These next two instruments have earnings reports after the bell So Jambalai inside the Tiger's Den is trying to get some type of sense for where this might head to So if we take a look at Marvell, Marvell does not have a daily topping pattern at all It's trading above yesterday's high, it's trading below a profile It's trading below a greenhouse certain change line Jambalai, I don't know where it's headed to but this is a bullish signal out there So there's nothing to suggest that this is topping today If we take a look at the weekly timeframe chart That's also being reiterated Last week, price negated a roadsman dominicator top We're trading above last week's high That is a bullish signal Looks to me like we've got an A to B equal CD to the upside The volume on the weekly candle Just to take a look at it, it was $68 million Last week it was passed with $59 million So far this week we are at $53 million out there So even though you pass with light volume It's a strong move out there That suggests upside movement in the same for the monthly timeframe chart So Marvell is looking like that thing wants to trade higher If we take a look at Avgo Broadcom out here Broadcom does have a roadsman dominicator top But prices above profile, price above that greenhouse certain change Its message is neutral, Jambalai The weekly timeframe has got a TD9 count top That's likely to form by next week Complete the following week out there Monthly timeframe chart looks pretty good So you've got a top but you're neutral On the daily timeframe, you've got a top that likely is coming Over the next couple of weeks out here So I would say the chart that looks better was Avgo I'm sorry, it was Marvell versus Avgo out there But this one can absolutely trade higher as well Let's go take a look at ticker symbol CLF That's for SNP inside the Tigris Den We take a look at it It is trading right up into resistance That's a TD9 count breakdown, resists level at 2094 That's on the daily timeframe What I don't see out here Is any kind of a top And so it looks like this wants to trade higher On the weekly timeframe, it's got resistance up here At the trading, it's got really the resistance level If you will, is at the high from December 22 The week of December 22, 2141 Is the number out there So that still looks very bullish And the monthly chart looks bullish with regard to CLF So we did get through everything Dan, I think you've got the BFC charts out here Here they are, I'll just leave them up on the screen out there Looks like BFC wants to go target 1704 to 1721 Folks, stay tuned for all the great programming I'll be back with you on fantastic Friday Please have a terrific Thursday Be safe out there, take care