 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes, all now toll-free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge, now Steve Rhodes. Good morning, folks. Welcome to the May 4th, the terrific Thursday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope we're not there's having a great day. Let's make sure we have an extraordinary one and the easiest way to do that, well, it's to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift and every set of circumstance that life is going to toss at us. Now, today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do 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'm here to serve you. So feel free to pick up that phone. You can dial in at 877-927-6648. Now, if you've got a question, but you can't dial in, you can always send me an email. Drop that off at Steve at TFN.com and inside the subject heading, please put radio show question. Of course, if you're inside our Tigers, then whether to 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 the show. Right now, you've got a sea of red out there, all the US indices trading the downside, all the sectors in the S&P 500 trading the downside. It goes like this, the downside 303, S&P down 24, NASDAQ 23, Russell 24, semi-33, trannies down 194. The leader percentage-wise to the downside is the trannies at 193 points to the downside. You've got the spot politics above its 50-day experience moving average. That is a bonus for the sellers out there. You've got gold up, trading out of 2057, and it's trading into resistance. We're going to take a look at that during the show. Silver at 20603, lights recruiters down two pennies at 6856. Natural gas threatening to bust through. It's Rosemont Dominicator bottom. It's off 7 cents right now. And a 30-year treasury is up 26132.16 is the print there. Leading to charge, dollar-wise, the upside. You've got HubSpot up 35 bucks, nearly 9% move. Equinix 31 bucks, 4%. Solar Edge 10% move, 26 bucks. Martin Marietta, 6.5%, 23. To the downside, it's Regeneron Pharmaceuticals off 5%, 41 bucks. Booking holdings, $30.00. United Rentals down 20, about a 6% move there. Westcoe International, 12% or 18 bucks. Teleflex down 17 bucks. That's a 6.5% move to the downside as well. But let's begin by taking a look at what do we want to take a look at? Let's come over here, take a look at the equity future. First off, we'll start off like this. I'm not going to show you, I'm not going to waste the time. But I can tell you the task market breadth for the weekly, daily, 240, 60, and 30 minute for the S&P and for the Nasdaq 100 are all bearish at this stage of the game. So we've got bearish crossovers. Now, when I take a look at the ES mini, what I've drawn in here is the potential for a consolidation pattern. That's what it appears to me to be trading at. Now, that doesn't mean that price can get back to 40, 22, 75. And that is a price target for sure, because price is trading below the bottom of its daily profile. This would be day number two. So from a profile standpoint, the next target would be down at that 40, 22 level. But right now, I'm going to have to go with the consolidation. We have a consolidation inside the NQ. We can draw it larger than what we have. But right now, price is just consolidating with inside that bullish structured profile. So it needs a close blow, 12, 9, 14 to suggest to you or I that there's a change in trend in the market. In the case of the Dow Equity Future Contract, the Dow Equity Future Contract, I'm struggling right now to figure out the pattern to draw in here. What I do know is that price has made its way back to a level of potential support. So that's easy. That level of potential support is at 33, 228. That is the bottom of its weekly profile. Now, it's not so important as to where it's trading at 11, 10 on Thursday afternoon or Thursday morning. It really matters where does this close tomorrow. So we won't know until we're back together on Monday whether or not this level of support is held. But you want to jot down on your pad of paper that 33, 228 level. And finally, when we take a look at the Russell 2000, it's trading inside its swing point. This swing point that generated the road's momentum indicator bottom. It's also a bullish hammer candle. And so price is likely gonna go tag or target that 12, I'm sorry, 17. What do I have it at 17.03? Yeah, that's, I mean, at this stage here, that's what I see. If we take a look at the index ETFs, just kind of get some volume out here, just as a similar, so the same swing point did volume of about 47 million, a little over 47 million shares, you're 20 million, you're 20 million, so you're pushing into that with volume. So that says, because you're at 20 million in less than two hours of trading. So that says as we get back to the equity futures, we're likely gonna see a tag of that 17.03 level. So whoops, didn't mean to do that. So that's what we have when we take a look at the daily time frames. We can switch over here real quickly and take a look at the weekly time frames. So on the weekly time frames, the ESMini does have a new weekly profile that is formed. So that 40-22 level that we looked at, that's a real key level there because price gets below that. That's gonna suggest an intermediate term change in trend inside of the ESMini. The NQ, boy, it needs to close below 12, 886. In order to suggest to you and I that price is gonna start really moving to the downside, that's the center of its bearish structured profile, which so far was tested last week and held as support. The Dow, the Dow equity futures, I said it's 31,995. Do I have two different profiles? Hold on a second because I'm using a, let me see here, let me just see, let me check. I do. So this set of profiles that we're looking at lower left, if you take a look, this is just looking at the June contract. So, and I use both. So this is the first set of profiles, first level of support. Now when we change over to this other weekly chart that I've got out here, you can see that I've used my synthetic version to stitch together the futures contracts and a better way to provide us with other profile information. So what we do know is if price closes below the daily that we've got out there at the 33, 328 area, then the next areas will be 32, 903 and 31, 955. So that's under the Dow equity futures contract. Inside the Russell, price has just gotten back to a trend line out there. As we pull this up here, you can see the trend line that we're using out here. So it is back near an area of support. What do you want to look at next? You know, what do we want to look at next? Let's do this here. So we're taking like a potential, potential change in trend. We at least know the levels to be watching that. And that's really important as we change over, we've taken a look at this chart. I think maybe we did it on Tuesday or the beginning of the week out here. But this is the chart that takes look at on a daily level, daily, weekly and monthly, just the four cash indices, the Dow, the S&P, the NASDAQ and the, this is not right. That is not what Stevie meant to put up. Okay, do I have that? I do. It's just got to grab the right tab. So now we're looking at the S&P, the NASDAQ, the Dow and the Russell 2000. So the concern here is that we may be headed into a two month correction. And the way that we come upon that conclusion here, as we take a look at, for example, I'll just take a look at the S&P right now. If we take a look at the S&P, we had a two consecutive month move out there. That is your typical, unless we're just in an outrageously bull market, which we are not at the moment. There's no way that we can say that, or I'm not going to say that. So at this stage of the game out here, it's logical to either have a one month or a two month pullback. Well, right now, what price is threatening to do is get below last month's low out there. So last month's low on the S&P cash is 40, 49, 35. We get below that, we stay below that. We're likely signaling a two month pullback inside of the markets. Steve Rhodes with TFNN, we'll be right back. 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. 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The Chapman Wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk free today. TFNN, educating investors. Toll free at 1-877-927-6648, internationally at 727-873-7618. Welcome back folks, let's get to some requests. We've got quite a few that have come in so thanks for all of those. Much appreciated. Alton is gonna start us off. He wants to take a look at Occidental Petroleum. Question goes like this, if you have time please look at it, we're going to. I'm in your camp thinking that we will need fossil fuels for the foreseeable future and so I'm looking to start a position, Oxy, considering the volatility energy space. So let's take a look at it and see if we can find any kind of bottom pattern and I don't see anything at the moment. So keep that powder dry. Well, we have it in a daily timeframe but it's priced below a bullet structure profile and a red oscillator and change line and no bottom signal. Price looks to be targeting its swing point out here. It hasn't gotten there. That's a swing point for March 15th. Now the volume on that swing was 30 million shares. So if the high gets hit 5835 and price closed back above it with less than 30 million shares that'd be a test rejection of a swing point. You've got on a weekly basis price sitting at support and support is the bottom of its bullet structure profile 5896, we're 5894 or really we're right there right now but we need to know what Friday's close is not today. If price closes below that and it's trading in the swing point from back on March 17th that did 110 million shares so far this week, we've done 35. So you are pulling back into the weekly swing with lighter volume out there. So that's a positive for it. On a monthly timeframe, if price closes below that weekly profile level what that's gonna do is open up the door for the range of 5005 to 5484. So I think at this stage here you've got some time I don't have any signal on a daily timeframe that suggests that you get in. I don't have anything on an intraday basis that suggests that you get in. So continue watching Occidental Petroleum but keep that powder dry at the moment and let's watch if price does move lower and how it deals with that swing point and any other pattern that might form but I don't have any pattern as we speak right now. So I hope that helps you out. Thanks much for taking the time to write in. Seagull inside the Tiger's Den wanted to take a look at the Euro US dollar as well as Goldilocks. So let's get down and take a look at the Euro. If you give me a moment here we'll get to its multi-panel set of charts. And we take a look at the Euro. Let's just start on a monthly timeframe. So as we take a look at the Euro let's open up the charts out here. And price has gotten above a trend line here which is a positive Seagull. So on the monthly basis this is suggesting that price could continue to move higher out here. And that higher you'd have to say on that longer term pattern could just simply be this trend line. Looks like it's off just a tad out there won't worry about that. But it looks like that trend line I would go to your monthly chart for the Euro and I would draw that same set of trend lines in. If we take a look at the weekly timeframe the weekly timeframe shows that last week was wave number seven or letter G. Now, if we don't get a higher high this week that could be a topping pattern. Now that's courtesy of a portion a very small portion of the Chapman wave out there but we are in that wave C. But here's the deal. We're also above a green oscillator and change line. So I'd be hesitant on leading on that for a absolute top out here. This is suggested we could see higher price as well but we will respect that wave number seven. On the daily timeframe form a nice TD9 account bottom out here and all I see are higher lows and higher highs out here. And yes I could draw in and a sell the D point pattern and we'll get another one today if we have this bear sash but it's really been don't just see more of a sideways consolidation type pattern than anything else out here. I mean if we were to draw that in it looks something like I'm not gonna worry about being exact but it's gonna look something like this. You know give or give or take. That's a consolidation. So it's possible that what price is doing here we take a look at the daily chart is just simply getting back to that consolidation but it's been oscillating back and forth from that oscillator and change line. So we don't have a real clear signal on the daily timeframe out there. Interday what do we have out here? Interday looks like price wants to move lower. So the lower area would be the next area would be 109.41 to 109.76. That looks to be the next target seagull on the downside for the Euro. So I hope that helps you out there with regard to the Euro US dollar. Let's go take a look at Goldilocks for you. Let's close these charts out as they're taking up precious resources and let us move over to gold. So we take a look at gold out here. It'll populate momentarily in the upper left hand corner what you're going to see is a couple of different tops potential tops out here. We just talked about wave number seven in the Euro. Well turns out today is triggered wave number seven for gold. Now, in order to confirm a wave seven top what gold needs is a lower high tomorrow. So we can't get that confirmation till tomorrow. What we do have is no ready confirmed roads meant to mitigate our top. And this is the real key level of resistance out here. And it happens to be the high from April 13th. And that high is at 20, 20, 63, 40. Your price closes up 20, 63, 40. It will have negated the roads meant to mitigate our top. It still keeps that wave number seven, which can extend itself. It could extend itself for a long period of time out there. So right now watch that 20, I think that the more important level to watch is not the wave seven top. We'll deal with that perhaps tomorrow, but 20, 63, 40. Price doesn't take that out. Well, then maybe that consolidation that you and I took a look at is really where we're at with regard to Goldilocks. On a 30 minute basis, what did price do ran right up into its breakdown resistance level at 20, 65. We had a TD nine count top on the 60 minute timeframe. I've got wave number seven out here on the 120 minute timeframe. So with regard to Gold, you got the five hour TD nine count top on the five hour timeframe. I got to tell you folks, it sure sounds to me like Goldilocks is getting ready to generate some type of short term top. And again, it could just be that consolidation, but we really need to see how the day plays up. Right now, intraday, that's really the message to us. Price got up to resistance on the daily timeframe and the intraday charts are saying, hey, we are in complete agreement with resistance being resistance. So thanks so much for the request. Let's get to our next request. That's coming from S&P inside the Tiger's Den. And S&P wants to take a look at LNG. So let's get to that set of charts out here. I believe that they'll pull, there we go. So with regard to liquid natural gas, LNG, trading out at about 145, 49 right now as we speak. What do we have? We have a trading with inside is TD9 count bottom candle. And that candle was from the trading session of March 16th. The volume there on that candle says was 2.5 million shares. Yesterday price pulled back with 1.7. So you're pulling back into that with light volume, but where's the bottom? Is there a bottom? I don't know. I see an A to B equals CD to the downside pattern out here, right? It looks like this. Let's draw in A to B and then we'll just simply move that over to the C point. Now you might say, Stevie, why didn't you use this or why didn't you use this? Number nine, where that TD9 count is? Well, because there's a, the high that I would have to then use would have to be this high here, okay, from the trading day, which we're gonna use for May 1st out there. And so then I need to find the lowest low prior to that high. And it turns out that that is all the way over here. And so that's why you need to use that candle. It's high to low back up to high to then you get your, then you're using your A to B equals CD, the A to B leg out there, which looks like this. So here's the A to B equals CD leg, which basically says we've gotten down to about the one to one level, but you'd never buy a one to one level. You'd need confirmation from something, at least a 30 minute timeframe chart out here. So what we have with regard to LNG is an A to B equals CD to the downside, trading with inside that swing point with lighter volume, no bottom. If you did get a bullish reversal candle, that would then trigger a buy the D point pattern. In the case of the weekly chart, the good news here is that price is found support at 143.62. And on a monthly chart, price is found support at the center of its bullish structure profile. A close below that would suggest that LNG wants to go target 126.32 and that being 144.99. So that's what I see when I take a look at the LNG charts. Now you might have asked, is there a potential bottom on a 30 minute chart, Stevie? Well, the answer to that question is there is. It formed a Roseman Dominicator bottom with price consolidate with inside his profile. So if you get a close above 148.04, that would be a signal that it wants to move higher. Steve Rhodes with TFN, we'll be right back. As a precious metal, gold is still king. 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At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This 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. We're taking a look at that nugget. This is also for SNP and the Tiger's Day which is pushing into a swing point, that swing point from April 13th at the volume of 3.1 million shares. You are already up with 1.5 million in two hours of trading. So this has got volume as it pushes into that swing point. Now, what the nugget already has is an A to B equal CD pattern to the upside. So if I bring this back here, you can see that. You can more easily see it on the weekly timeframe. That one to one A to B equal CD gets you up to 54, 48. Now on a weekly basis, when price took out that swing point, give me a second here, let's get back here. That swing did volume there of nine points, let me make sure I was hovering over the right thing. 9.6 million, when it was passed a couple of weeks ago, it was with 13 million. So you've got that confirmed A to B equal CD to the upside. So that's the good news and the one to one price projection there is about your 54, 48, 1 to 1.27 is 61, 48 out there. Now, good news, bad news. Bad news, this is gonna be bar number eight on a weekly basis. You also now have triggered wave number seven on a weekly basis. Again, that wave seven needs a lower high next week, but let's just be aware of it. And this says that you could get a TD nine count top that forms between this week and two weeks out. Based upon pushing into the swing point with volume, odds favor, it's gonna go ahead and at least be able to make that one to one level 54, 48. But this is gonna be reliant upon gold as well, both gold and silver, which I believe are up towards the top of their consolidation. So we just take a look at that. But overall, the nugget, the GDX, they're pushing their swing point with volume, their preferences to take it out and complete their one to one A to B equal CD pattern. So I said, P, I hope that helps you out. Thanks much for the request. Dan inside the Tigers, Dan, he wanted to take a look at Nike. I believe he's short Nike out there. We took a look at this a couple of days ago. And the, so what Nike here has done, Dan, well, let me just make sure that it's trading where it is. I know I've got just a tad of a delay, 124, 48 on these white background charts that you're looking at. And 123.61 on the black. So 123, that's important. So the key level here inside of Nike, Dan, it's gonna be 123.69. And 123.69 is the bottom of its daily profile out there. If price closes below that, and it is trading just below that right now, doesn't show you on my chart right here, my apology for that. Then the next level to be watched is 123.07. That's the weekly oscillator and change line. I would say a price close below 123.07. That's signaling to you and I a change in trend. And then that could go ahead and take us back to the, well, 116.50, 120.04, those will be levels to be watching on a further decline out here. This too, so it's pushing into the swing point from the trading on the daily timeframe that did 4.2 million shares. That was back on April the 27th. And so far today, you're at 1.9. So you're pushing lower with what looks like volume out here, but has not busted through that swing, but a close below that, that would also trigger for both you and I a signal that okay, price is getting ready to head lower. So that's what I see when I take a look at Nike on the intraday basis. Well, really on the daily timeframe, just out of curiosity. This looks like this could be day number three to the downside for Nike with regard to lower closes. So Dano, either this is in a concerted move lower, you should get some type of bounce tomorrow. It might be a one day bounce, or nearly would be like at least a two day bounce out here. So that says watch that support level closely because if that level holds, and that was at bottom of that profile, and that was at the 120, 369 level, then I'd say more likely I had that expected maybe one or two day bounce would come into play out there. So that's what I see when I take a look at Nike and you are most welcome. Chuck wanted to take a look at ticker symbol P-A-N-P-A-C-W. It was a Pac-Man, P-A-C-W. I was probably not, but I didn't put up the correct charts out there. So that's not gonna help. That's not gonna help Chuck out. Well, let's get back here. I think I might have done it. This is PacWest Bank Corp. Basically going BK. This thing was just at 52 bucks just a few months ago. And right now trading out about $3 and change out there. But is there any potential savior out here with regard to the stock? Well, turns out we've been talking about a lot of wave number seven signals out there. That was just in time, I guess for Basil's workshop last night, because that's what is triggered now today is wave number seven. And it was also triggered bar number eight of a TD nine count pattern. And so here with regard to that TD nine count pattern that says that you should get a completed pattern tomorrow. And then one that I'm sorry, confirmed pattern tomorrow one that completes on Monday. So this has got some potential based upon the daily technicals out here on the weekly and the monthly. There's nothing there. I take that back. I do see a potential. Now we're not gonna go there with that wave seven pattern on the monthly chart out there. So not seeing a whole lot, but look it is, they do have the, you could see easily see a bounce out there. Knowing what you'd really want to see is some type of bullish reversal candle. I'm not suggesting playing it at all. So check out it out. That was requested. Are you just through that in there? But we took it anyways. Brent in Martinez, California, he would like to take a look at Lightsweed crude. So let's do that. Let's get over to the Lightsweed crude charts. And it's bankrupt. Yeah. It probably is taken over next. Now Brent's question goes like this. So good morning, Steve. Can you please comment on the price action crude oil futures opening? Yes, they have new in the open and plunge quickly. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Oh, it's because I've got the wrong con. No. June, that's weird. There we go. We got unweird. Okay. So you'd like the shortest term timeframe. So here's what we're gonna do. Steve's gonna create a new chart. And then we're gonna just put for the shortest term timeframe. Let's go ahead and somebody get to CL0623. And then for the timeframe, we're gonna go to the minutes. We're gonna go, let's start with a five minute chart out here. So let's do that. We'll put in 30 days worth of data. If you give me a moment to all five, make sure this is set to five. All right. So we'll have the five minute chart here populated momentarily. I've got to drag it over from another screen. And we'll just take this chart. We won't worry about the oscillator and change line as much on the five minutes, correct? But here, if you're asking on a five minute timeframe, what do we see? What we saw out here was a confirmed three river morning star, Roadsman Dominicator bottom pattern. That took place between 1045 and 11 o'clock. Let me get my cursor out here. Makes it a little bit more accurate for Stevie. So at 1050 was the exact timeframe that that pattern completed. And then Brent, what that did was it took price right after resistance 6880, the TD nine count breakdown level. Let's change this over to a 10 minute timeframe. And again, don't pay attention to the oscillator and change line. I don't want to go back in and change the settings. You had a TD nine count bottom. What did price do? Run right into resistance at 6880. So this is helpful for Brent. Helpful for everybody else. Helpful for us to understand what's going on. Let's take a look at a 15 minute timeframe out here. The 15 minute TD nine count bottom, price finding resistance at the top of its profile, 6867. Now there's 6897 and 6931 TD nine count breakdown resistance support. So those are the intraday. I think I might have a 30 minute by shorten this one down. Yes, we do in the upper right hand corner. So on the 30 minute timeframe chart, what you'd be looking at for some type of confirmation. So yesterday's low out there and that move higher. All that that really led to was a TD nine count top on a 30 minute basis Brent. And that TD nine count top completed at five AM this morning. And since then we've seen price move lower. I don't have any kind of a pattern on it. I've got wave numbers, a C or wave number three out there, but no bottom signal on that 30 minutes. So wasn't a bottom on a daily basis, price tested that TD nine count bottom. And it also held there so far today. It is holding the breakout support low of 6702. But I really, I'd say we'll finish it up when we come back to the spring. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks and commodities. Subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman wave. The Chapman wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. 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We're looking at the Lightspeak crew again. Again, I've got the five minute or the 10 minute turn up on my screen. So Brent, I would look at it like this. It's got the potential for a bottom. Certainly intraday, very intraday. And then testing and rejecting that TD9 count, bottom pattern on a daily basis, rejecting a swing point altogether. But you certainly want to see it close above 6880 and 6920 out there. The other side is that maybe Lightspeak crew has not done headed lower. And what I mean by that is if we take a look at this daily chart out here, we'll see that yesterday was day number three. Today could be day number four if consecutive moves lower out here. But yesterday was day number three. So it's not unusual to see it try to fight and at least get a rally for a day or two out here. So I would watch for that. We've seen on this move down here, Brent, we've seen two two-day rallies out there. Today doesn't qualify as one just yet. It's got to get above yesterday's close in order for that to unfold out there. So all that information helps you out. Thanks much for being with us. So Brent is out in California. And of course we've got folks all over the place. We've got Mike who's listening to us right now. I believe he is in Florence, Italy. So that is a beautiful thing. Let's go take a look at PayPal. Vic wanted to take a look at PayPal. So let's pull up that chart. Actually let me close out this chart here. Free up some resources. And then we'll get up to those PayPal charts here momentarily. The question was really just to take a look at it. So don't know whether this individual is in it or not in it. But we do know about PayPal. PYPL by the way is the ticker symbol. Trading right now below the bottom of its daily profile. But there is a, there is a, or so I gotta pull this back a bit further. Okay. So there is a trend line that it has traded into. I will draw that in here for you. So I'd recommend drawing this trend line as well the bottom of that hammer candle back in December. And then use this low out here from April the 26th. And so as we do that, what we will see is that yesterday was a move down into that trend line. So yes, we are trading below profile support. Price traded into a swing point that had a volume of nine million shares. It did it yesterday with 11 million shares. Now what price could do today is it could reject that swing point. It's not 4.4 million shares. Well, it's possible. In order to reject the swing point, you need to have less than 11.4 million shares in a close above 74, 37 out there. But there is a level of support that it did hit. If this level of support fails, Vic, then what I would suggest that price would get back towards 68.84. And 68.84 is its oscillator and chains on. The next level of support below that would be out at 66.39. That's a low from December. And that was because that had confirmed a roadspin to indicator bottom pattern. So that's what I see. We take a look at PayPal. Now you can expect about a two day rally here. PayPal has traded a low for three consecutive days. We can see a number of twos and threes out here. That's the normal pattern. And so you could expect or should expect a two to three day rally inside of PayPal. So it looks like that support level that we looked at that trend line support is going to hold out there. So hope that helped you out. And then we've got a double out here. When I say a double, we've got the same request. This one coming in from both Hector and Mike in Florence. And that's to take a look at Apple. Apple has a confirmed roadspin to indicator top out here. First, let me see if there was Hector's question. Apple, all you have resistance to support. Also, is there an A to B, C up on a weekly basis? There is an A to B equal CD pattern on a weekly basis. The swing point or the B point of that was the week of February 3rd, volume there, 480 million shares. It was passed with 350, then 267, and then 200, and then 263. So it has not passed it with volume. And on a weekly basis, what price has done is found that resistance up at that TD9 count breakdown area at 171.53. So if we can get through that, Hector, then it should complete that one to one target area from the 176 level. But right now, what Apple has on a daily basis, I'll just simply expand out the chart, is we have a confirmed roadspin to indicator top. Now, that pattern confirmed a couple of days ago when it generated that bearish engulfing candle. That was on May the 2nd. What it did was it set up the high of that, or resistance was the prior date, because it was the high of the two candle session out there, 170, 45. Now we have price trading below the bottom of a profile. So when it comes to Apple, its price target could be this swing point out here from April the 12th. That did 50 million shares. So far today, you've got a gap to the downside, 25 million shares. It is pushing into that area with volume. It hasn't gotten that swing point, but it does look like that's what it might be targeting. Or it's trading into this swing point that had 45 million shares. That was from April 26th. And again, today you are already at 25. So it is pushing lower with volume. The weekly chart says, well, jeez, this is bar number eight of ATD nine count. Could get ATD nine count top, but price would have to stop making a significant move lower because next week price would have to close above bar number four. And bar number four is closed on a weekly basis was 164.66. So kind of uncertain about the weekly timeframe. Price did close above its descending trend line, or channel as well. So that's a nice positive, but the monthly also running into resistance, the top of its profile. So here's what we know. The daily as a roadside communicator top with the weekly at resistance, the monthly at resistance, top of its profile, the weekly near resistance up towards the ATD nine count breakdown level. And we now have a gap to the downside with volume and apple trading below. It's the bottom of its daily profile. So it looks to me like Apple wants to take a time out and move lower. And we have a couple of different price areas. We've identified those the first one being the swing from April 26th, the next one being the swing from April 12th. So Hector and Mike, I hope that helps you out and have a terrific Thursday. The next question comes from the golf guy. The golf guy wants to take a look at Upro. Upro is a short position for the S&P 500. So Upro right now, it is trading below profile support. It is trading below a swing point. This is a swing point from April 27th to eight million shares. Right now today you're down with about five million shares. So it's pushing lower with volume. That would suggest to me that Upro's next target to the downside golf guy would be 3598. 3598 is its oscillator and change line. 3588 is the bottom of its monthly profile. So those are two areas that you're looking for. U-P-R-O-W to close below to suggest that this wants to move lower. If we take a look at Upro on a daily basis and consecutive move lower, this will become bar number four. This says, we have seen, as we take a look at this chart here, I've seen a bar number seven. I've seen a bar number five once and a number of fours, twos and threes out there. So you know what this is suggesting to you and I? This is suggesting that you should expect or anticipate some type of bounce or bottom to begin tomorrow out there. And that is in ticker symbol U-P-R-O. And that's just based upon that consecutive dance move. What you really want to do is you really want to go back and take a look at the ES mini and see what's going on there. And here we take a look at the ES mini. The 30 minute chart does have a confirmed rogment of indicator bottom. Price right now trading with inside its profile. The profile level goes from 4067 up to 4093. So watch both of those area. Really to the downside, what you're watching is a low of the day at 4063.50. It requires a close below that to suggest that the market wants to continue to move lower. 10 minute to TD nine count, 120 minute rogment of indicator signal, but needs a bullish reversal candle out there. So, and a no bottom signal on the 60 minute timeframe. So I'd watch the 30 out there. Your price didn't close about 4093. That could be signaling to you that, you know, some type of rally has begun, but we do expect to see some type of rallies. We day number four in the ES to the downside as well. So expect to anticipate the potential for a two day rally that could begin tomorrow. Steve Rhodes with TMN, we'll be right back. 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Welcome back folks and thank you to each of you for your requests out there. It always makes for me and the show go nice and easy. And so we've gone through all those requests and that's a beautiful thing. If Peter's in the den out there, he would be asking, hey, where's the advanced client oscillator for the New York Stock Exchange? That'd be a great question because right now it is in the oversold territory. It is below the minus 150 level. Last time we were down here at that minus 150 area was when we saw a bottom that had formed a couple of day bottom. That was back on April the 26th. We were talking about consecutive days lower out here and although it doesn't guarantee a bottom, it most certainly is something to be taken a look at. So the general markets were back into the oversold condition. That's gonna have to work itself off. It can get more oversold most certainly. Will it get more oversold? Well, let's take a look at what's going on inside the NASDAQ 100 out there because we know that the NQ is still just consolidating with inside. It's a daily profile out there. Whoops, shoot, that wasn't it. Give me a moment here. The two properly changed screens. That would be helpful, Stevie. There we go. So you should be seeing Apple in the upper left-hand side. And so here are the top eight holdings with inside the NDX 100. So if we take a look at Microsoft, what you can see up here is you can see wave number seven that has been confirmed. But price is traded with inside a new profile. Resistance 309, support 292 and price is traded above the screen on a certain change line. It's signal is neutral. Amazon, it's traded with inside its daily profile. It's traded higher, trying to test the resistance level. It has really the outside on change line. And NVIDIA, it is traded with inside a new profile. It's got support at 265. Resistance up at 279 out there. I don't see a top in place. Google, consolidation with inside its profile. Tesla, Tesla, what do we have out here? It looks like an A2B equals CD to the downside that was confirmed with that bullish piercing candle. I'm not gonna take the time right now because I have two few seconds left. Meta has a confirmed roads meant to mitigate her top of the price consolidate with inside his profile. So we're not seeing the breakdown at the top of the food chain inside the NDX100 that we need to for a real flush to the downside. Folks, stay tuned for all the great program we've got lined up for you. I'll be back with you tomorrow on fantastic Friday. Please have a terrific Thursday. Be safe out there. I will look forward to speaking to you again soon.