 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 March 12th the terrific Tuesday edition of today's Trader's 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 make sure we have an extraordinary one. Now the easiest way to do that is 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 means we can find the gift and every set of circumstance that life is gonna toss at us. Now today you and I we're gonna go check on the circumstance of these markets. We'll go figure out with 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 the second 53 minutes I'm here to serve you so feel free to pick up that phone dial on it at 877-927-6648. Now if you've got a question which you can't call in you can always send me an email. Send that off to Steve at tfnn.com. Inside the subject heading please put radio show question. Of course if you're inside our Tiger's Den well then any and every ping will do. So let's go ahead get this show started on terrific Tuesday of course this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to the show. It is rally on at the moment for all the U.S. indices. They're training the upside. Dows up 223. S&P 48. Nasdaq 212. Russell's up 3. Summai's up 72. Tranny's up 92. To the downside we've got gold off 22 bucks. Silver's down 36 cents one and a half percent there. Lights recruiters up 66 pennies. Natural gas is off at nickel 30 or treasury down 18 ticks traded out at one twenty twenty seven. Our leaders in the clubhouse the upside you've got a super micro up 64 bucks and bitties up 46 micro strategy 41. Granite shares ETF of 24 bucks service now is up 22 to the downside. Alpha metallurgical resource off 17 bucks. Boeing's down six and phase energy off five. Broadcom five Southwest Airlines is down about five bucks as well. So we got some movers and we've got some shakers. Let's begin by taking a look at the daily equity future. The daily and weekly switch panels out here. Let's back. Let's do that right now. Give me a moment. We'll switch over. Get to our white panel charts. We're going to look at the daily and the weekly because really to combine they're providing a very clear message at least at the moment as much as clarity that we can get. So particularly the ES many. What do we know about it right now it is trading above that green oscillator and change. I do not know if it will end the day above that. We'll look at the intraday charts try to get some type of feel that green oscillator and change sign that's in reference to the price oscillator. When you have a rising price oscillator above zero. There's a bullish conditions period end of story. Now the story the end of that story could be well maybe there's a topping pattern. Well that would be true out here but right now we don't have a topping pattern signal on a daily timeframe for the ES many. So watch that oscillator and change line at today's close. That number is about 52 call 52 30 out there. If you get it close by 52 30 we're not just going we're at least going back to the highs from two days ago. Perhaps we're going to blow those out. If we take a look at the weekly timeframe chart this is going to be more important day come Friday. Why because we have a teeny nine count top that completed last week. And if that high gets taken out doesn't matter if it gets traded above it matters where we close on Friday. And the number to watch there is going to be the 52 57 25 level. If price closes above that it is game on and we'll try to figure out game on until about when. If we take a look at the end queue the end queue is trade above one resistance level and that is the top of its profile. And that's an 18 224. It's should now go target that green oscillator and change line 18 498. That's a potential resistance point. Just as it is potential resistance for the ES many on its daily timeframe. We won't know until we see the close but because we're above resistance on the end queue. One level of resistance price should go target the next level. We take a look at the weekly timeframe chart what took place after last week's teeny nine count completion was yesterday's move back to the top of the profile. Although I'm not going to worry about whether that's the correct profile or not because I've got the continuous contract here. But what it did do is it tested and rejected that green oscillator and change line. Not until price closed below that will the end queue get any kind of traction to the downside out there. We want to watch last week's high because if price closed by that green oscillator and change line that's exactly where price is going to head to that high from last week is an 18 687. You get a close above that this week on Friday. Boy that is a strong bullish market out there. We take a look at the Dow equity future contract. The Dow right now is straight above resistance the top of its profile. That suggestions go target the next resistance level. Well thirty nine five fifty seven would be it. That is that green oscillator and change line. If price closes above that OUL at the session end we get back to the all time highs inside the Dow equity future contract. The Dow right now this is really important to understand. Because we don't see a top just yet inside the Dow equity future contract. We take a look at the weekly guess what we're doing. Well last week's high inside of the Dow. Was thirty nine four forty five. We're trade right now at thirty nine four eighty six. We are trading above last week's high. And that was a TD nine count top now in the case of the Russell two thousand on the weekly chart out there. I've got a potential A to B equal CD to the upside. The only one of these four equity future contracts that have a top in it is the Russell two thousand. It's a TD nine count top out there. We have traded below yesterday's low. We haven't even come close to taking out yesterday's high out there. The Russell two thousand still remains bearish for its daily time frame. However if at day's end price close above twenty one oh two call twenty one oh let's call it twenty one oh four. But it really be about twenty one oh three out there. If price closes above that well that's going to suggest that price wants to go retarget and test that TD nine count top out there. The most important charts here to really watch are the NQ and the Dow for its weekly time frame. Why because they're the ones that have had the top and prices pulled back to test support. The ESMini hasn't even got down to test that level of support which was that fifty one thirty two level. But right now what we're watching for is will price take out last week's highs and close above. It's only Tuesday. So we won't know that until Friday at the close out there. But it is definitely something to be observant of. Now let's go from here. Let's go kind of will down to the intraday charts out there. So to do that. Give me a moment here. We're going to change just tabs. Just have to find it. Where is it. Good Lord. You're right in front of me. The same. Here we go. It was right in front of me. That was like somebody asked me to go get the ketchup out of the refrigerator right. And you open up the refrigerator and you look you say honey there's no ketchup in here. Yeah this is right in front of me. And you look at it and you're like no it's not. And of course then you know their spouse is kind of enough to get up. Walk to the refrigerator and pull it right from in front of your eyes. That ever happened to you. Maybe that's just a Stevie thing out there. And it just happened again. All right so now let's get to the end queue out here. So we take a look at the end queue. We don't need to talk about the daily. We've already we've already discussed that. But if we look at the five hour time frame chart. Price trading above two levels of resistance right now. A very structured profile. That's at eighteen three fifty nine and it's green oscillator and chains on. You know what it's signal is. That price wants to make a move inside the end queue all the way back to its TD nine count breakdown level. Eighteen six twenty three. That's its message. We got a different message inside the two hundred forty minute chart. No we do not. Price is trading above those two levels of resistance. The green it's oscillator and change line in the top of its profile to eighteen three fifty nine. How about the hundred twenty minute time frame chart. Hundred twenty minute time frame chart suggests it it wants to rally higher out there as well. There's no topping signal. Or anything along those lines. When I look at all the charts out here I don't see a topping pattern whatsoever. That doesn't mean it can't top but I can tell you it's not because of a pattern that you or I follow out here. Steve Rhodes with TFNN we'll be right back. 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 using a combination of fundamentals and technicals. Sign up for rocket equities and options report today with a thirty 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 TFNN dot com TFNN 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 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 dot com. The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave. 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community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN dot com toll free at 1-877-927-6648 internationally at 727-873-7618 looking back up folks so before we get to the request that have come in thus far what I just focus in on the S&P here just for a moment if we take a look at the S&P 500 cash index it does have a top so the ESMini does not the NQ does not but the NDX100 does so we'll take a look at the S&P 500 that top now there's really two tops the first top that formed inside the ESMini was on the trading session of March the 5th out there that ended up getting negated on the trading day of March 7th but remember March 5th out there and then we had another top that came in that was on the trading day of March 8th that's where we have that all-time high we've got that bearish and golfing candle now of price in the S&P 500 cash index closes about 5164 out there that favors that increase the odds that that that high that recent high out here from a few days ago on March the 8th we'll get tested don't know whether it will get rejected or get passed but we'll get so so the reason to take a look at that out here is because we take a look at the seasonal pattern for the S&P 500 now this chart that you're looking at you look at the upper right-hand corner you can see it's a 96-year chart out here so 96 years worth of data what you also see is the years that have been selected in those boxes that got those checkmarks those boxes match that we are in a presidential election year and so we're just looking at over the course of last 96 years which would basically be 25 touch points out there for election years although what I would do is I'm going to get rid of 2024 out here let's just do that perfect didn't really change things that much out there so now we've got 24 really active touch points out here and this is how the S&P 500 is trading during the most presidential years now what this tells us is that we should have gotten a top around March 5th what was the date that we got that could first confirm top inside the S&P 500 it was March 5th out there and that top got negated now if we take a look at where we're at right now we should be forming some type of bottom some type of bottom with price rallying at least into the early part of April but we don't see any real decline of any substance until we get into that so-called sell in May time frame right around the early part of May which really doesn't last too long it lasts for basically the entire month out there before price and resumes the upside now that is the presidential election cycle what if we want something more than that well to do that I gotta just fake it out let's go back to the same 95 year period of time which is where we're at right now and what is this suggesting to when we take a look at the S&P 500 and its seasonal cycle pattern that's right it's suggesting that the S&P 500 can easily rally into the early part of May now which of these two if either is an analog that the S&P 500 is following I don't know you know I'd have to really go back and really take a look at it but we do know that this is the underlying current that's all that we really need to know so we take a look at the S&P 500 over its 96 year here see me you might say 96 years Stevo for goodness sakes that's too long all right what does it look like over 25 years 95 years even gives more evidence that we should be expecting that those highs get taken out and that we continue to move higher into that May June July type timeframe out there so that's the normal seasonal cycle but of course that was just over a 25 year period out there and here we take a look at the S&P 500 here what we know we've already covered that actually we've already covered that so I need to go on so let's let's do this well let's take a quick peek here at the other U.S. indices so the Dow Dow looks like cash indexy and this wants to target that 39-110 level and price close above that that says price goes and tries to take out its Rosemont Dominicator top in the case of the NDX100 it's at 18238 in the case of Russell 2000 it's 2078 in the case of the summaries they're kind of testing that area right now that area the level to watch to the upside is 4980 the Dow Jones transports right now are trading about that greenhouse that are changing on that suggests a further rally the NASDAQ composite its number is 16257 and the New York Stock Exchange is already trading above its SOS 100 and change line it is in a bullish mode out there so that's what we see when we take a look at the cash indices so we've covered for you the equity future contracts the cash indices now let's start rolling over and take a look now I'm going to close this out just to free up some resources let's start taking a look at at the request that came in some of these are from yesterday but I'd simply wanted to get to them I had mentioned that so the first but we got gold we'll take a look at gold hopefully we'll take a look at gold there but let's get to the first request out here and that came in from Duncan Steve and Duncan wanted to take a look at Coca-Cola KO is the ticker someone his question was which we answered yesterday for him inside the den what direction and that direction was to the upside why because this informed a TD9 account bottom price was going to go target resistance at 6029 it did that yesterday it's now trading above that level and so it wants to go target his TD9 account breakdown level that's at 6078 Steve oh if price cannot close by 6078 this would suggest at least they move up to the 6135 of I'd say 6135 to 6148 because that is where price is found resistance on its weekly timeframe so I would say the direction for Coca-Cola is to the upside and evaluated as it gets to the 6078 6148 area out there so hope that helps you and everybody else out G-man and wanted to take a look at roll blocks out here G-man was looking for a long position out here we take a look at roll blocks what I don't see is any kind of a bottom pattern per se I do see price getting back to a prior swing point so let's go measure that the prior swing point we're talking about is January 17th volume there 6.5 million shares it was tested with 5.7 million shares it was tested and rejected so that was your rejection of a lower swing point near a breakout level of support out here and now the question is can price deal with is this is this just a countertrend move G-man that's the question you and I need to answer and the way that we answer that is let the charts answer it for us so there's a new no there's not a new profile if this is only a counter trend move price finds resistance between 41.99 and 43.69 that is it's bullish structured daily profile that price closed below that's where a counter trend move would run out of resistance on a weekly time frame price is consolidated with inside its profile because price remains below that green oxygen change line 41.44 you have to be able to look out and suggest that you could see a further retracement out there and a monthly chart chart you've got a consolidation with inside profiles 36.04 in support and 47.20 as your resistance level out there now for roll blocks this is going to be no this is not going to be we'll skip that idea let's just move on to the next one and that was a take a look at Carvana cvna is the ticker symbols and we take a look at cvna the question was options were suggesting a strong downside move out there so we take a look at this what do we have out here what we have is we do not have any kind of top that cvc's instead what we have is price right now testing support and that support happens to be the top of its profile now regardless whether we have a top or not what we do have is a bullish structured profile that price enclosed above for more than two consecutive sessions quite frankly one two three four five even today is above that that says if a pullback in Carvana is only a counter trend moved to the downside price find support between 75.52 and 77 77.33 out there that would be the area where prices find support as it has this morning so far if price closed below 75.52 we likely make a move down to 66.45 to 68.26 on a weekly time frame it's possible that Carvana will confirm a rogment to Mindicator top today if it in fact does that then what we would see is move back to the 65.11 area so that's what I see we take a look at stocks for Carvana next charts that we're going to take a look at is Albi Morrow ALB is the ticker symbol but we're going to a break here in about three seconds so why don't you pull up the charts for ticker symbol ALB you tell me what it's going to do and then we'll see if we can come to an agreement look at my charts watch my charts on the screen out here especially if you're to Tiger's Den that's easy to do and what's price done so far this morning what's it run into Steve Rhodes with TFNM we'll be right back the 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 US 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 TFNM.com 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 tick 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 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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 TFNM educating investors this portion of the trader's edge is brought to you by Direction's daily leveraged and inverse ETFs whether you're a bull or a bear you choose the direction visit direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a fund's investment objective risk charges and expenses contained in the prospectus available at Direction.com read carefully distributor foresight fund services LLC welcome back folks so the question about I'll be morrow ALB as a ticker symbol is has it bottomed so we take a look at it has it bottomed let's take a look at the different patterns that are out here this did form a wave number seven bottom out here that took place on March the 5th so if the question was has it bottomed there's absolutely a bottom pattern and prices rallied since then what it has rallied into is the first level or second level of resistance that second level is the bottom of its daily profile one twenty six eighty three prices pulled back and it's testing that red oscillator and change line so that potentially is a level of support that have closed below and it's one twenty two thirty seven which suggests that price would move back further now what price could actually do is if it closes inside that swing point that generated that wave number seven bottom and that would be a close below one twenty two forty four if price closed below one twenty two forty four even if it's on lighter volume which it likely will be because that had 19 million shares there and today so far this is only done nine hundred sixty two thousand shares in two hours of trading but right now price is dealing with resistance out there so you've got a bottom you have to expect when something gets to resistance that it may not be able to get through it you know it's like working out can you do one more curl can you row one more stroke in that boat out there so watch that one twenty six eighty three if we look at the weekly timeframe chart and ask has this bottom it has a TD nine count bottom that still has been tested several times and it's still in effect out here it also has a rogment communicator bottom that is still in effect so what's it dealing with well it's dealing with resistance as well and that's right now up at the level of one thirty eighty so that's what I see when I take a look at ALB has it bottom the answer to that question is yes and right now price is just dealing with resistance Hector and Patty wrote in they were asking about Newmont mining was it headed to the moon now I wrote back to them and said no I don't think so and the reason was actually it's this reason here I'm going to switch I'll come back to that chart but it's this reason here and that's because of the TD nine count top that formed on the daily timeframe inside of Goldilocks out here so let's go ahead and open up this chart and gold since well this is the April contract so I can't if you caught the segment that I did with Tom or Tommy yesterday during that about three fifteen if you haven't caught that segment go grab that segment because that will then really share with you additional information about the TD nine counts and the way that they've worked inside of Goldilocks and we had a TD nine count pattern that completed yesterday now as you as you know once you complete a top that just simply entitles price to try to get back and test support it wants maybe try to bust their support out there we don't know whether it will or won't but right now what we do know is where is support and support right now is at the 2135 level I fully expect that we'll see gold get down and at least test that if price closes below that then it'll go test its next level of support and that would be the bottom of a new daily profile that would be a 2109 out there so you got a TD nine count top it was well broadcast to everybody and therefore we know about the directional correlation between gold and the mining equities out there and it is a directional correlation and so even though the charts for Newmont mining you'll see when we go back to them look just simply spectacular it's responding in kind to the way that gold is responding and it's pulling back out there now with regard to the GDX out there even though that wasn't a question like gold it has formed a new daily profile out here it does not have a TD nine count top but it is going to have a lot of sympathy for the direction of gold and or silver out there we take a look at the GDX its new profile has supported 2832 and it has resistance up to the 2984 level out there so that's what's going on now let's go back and take a look at let me just close out those charts we don't need those free up some resource now let's go back and take a look at Newmont mining and get a feel where this is headed to so that Hector and Patty can track it that's not the right symbol that was ALB we were done with ALB Stevie come on pick up Newmont mining there we go so what do we know about Newmont mining well here's the cool thing Hector and Patty you need everything that you need to know is on the chart right here you got a new profile that is formed so where is support well it's a slightly bullish structured profile so the buy zone on Newmont mine is between 3320 and 3365 that would be the first buy zone of course we would say that would be the first buy zone if we see that gold is also bottoming if price closed below 3320 then 3244 ish is where price would likely head to when we look at a weekly chart for Newmont mining price ran right into the buzz saw resistance of that bearish structured sell zone and that sell zone is right at about 3406 where it's trading let me get the exact number 3409 3409 up to 3487 that is the sell zone support out a monthly on a weekly timeframe is 3322 out there that's what I see when I take a look at Newmont mining as it go into the moon at some point in time it just is that that the seat is filled right now with price pulling back so it wants not to go to upper orbit but maybe wants to go to a lower orbit so that's what's going on inside of Newmont mining Hector and Patty thank you for waiting an extra day LB Lee is waiting an extra day as well he's looking for a long position inside of Tesla so let's get those charts up on our screen we take a look at Tesla Tesla confirmed a roadsman to indicator bottom pattern back on March 7th it's trying to it's tested that level today so that swing point had volume of 102 million shares so far in the first two hours of trading 48 million shares yikes it's testing that swing point with volume typically when you test a swing point with volume you go back and you test it the question is does price stay with inside that swing point today or close above it the swing point is from 17370 to 1804 if price closes above 1804 likely it goes back and at least tests the high 1804 if it stays with inside the swing point right now it's trading inside there odds favorite gets back in a test that low what is that low out there well the actual swing yeah that low comes in at 17370 out there so has it bottom you're looking for a long it has it's in wave number seven as well let's wait to see if I wouldn't take any action today that's for sure you got to see where this closes and then how that next test takes place tomorrow out there the weekly timeframe for Tesla has got an A to B equal CD to the downside that suggests lower price down towards the 16435 level so you really need to see the pattern that's in place right now that road's been diminutive pattern getting negated out there so you're looking for a long let's come back to this tomorrow Lee tomorrow or on a Thursday Dan writes in he says Dan says he was stopped out of the UNG is now the time to get back in so let's go ahead and pull those charts up on the screen out here if you give me a moment and see what we can do to answer that question here we go so here are the UNG charts I really hear the natural gas charts that make up UNG that's April right now so UNG is exclusively exclusively it only took three times to try to get that out of my mouth three times natural gas is trading is exclusively UNG is exclusively yeah about that that was nice that was smooth exclusively is the April contract out here so what we can see on a daily time frame is it looks it's testing a key area of support and that key area of support is its red oscillator and change now price is trading right now below the bottom of its daily profile 170 70 out there and the price closed below this red oscillator and change line which is printed at 1.72 and we're at 1.1.728 this 1.724 that would suggest lower price we come back from this break I'll give you the ifs ands or buts about natural gas and we'll also take a look at its interday time periods because we're near an area of support what are the interday time signals tell us we'll go find out Steve Rhodes with TFN 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 TFNN.com TFNN 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 patterns in the stock market 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 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leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a funds investment objective risk charges and expenses contained in the prospectus available at direction.com read carefully 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 welcome back folks we're looking at the seasonal chart here for natural gas if you look on the bottom right you'll see the only two real positive months out there our March and April if you take a look at the actual chart you can see we're in a favorable seasonal cycle it's the reason that Dan is asking the question hey I got stopped out it's now a good time to get back in so that's where that question I would believe is coming from if we take a look at the weekly time frame chart the real key number here to be watching is the bottom of that profile believe that is 1.711 it is 1.712 1.712 if you see a daily close below 1.712 then the answer is no you shouldn't be taken I mean you're right at the point I don't know what your risk appetite is we're going to go take a look at the internet charts see if we can find some bottoming signals out here but if your risk appetite is pretty good you're willing to take that small risk out there you can enter now and watch that natural gas contract on a daily basis if today's close we're below 1.712 that's same we had lower I take the small loss and then come back and take a look at it but now let's go look at let me close this out let's go take a look at the intraday charts out here for natural gas and get a feel for what they're communicating to us those are not those charts give me a moment we'll get to those that's the for equity future contract the four horsemen out there but now we get to the day trading screens out here we're looking for the bottom right is a 10 minute time frame chart do we have a bottom the answer there is no we do not we have a negated TD 9 count bottom the 15 minute chart we do we've got a TD 9 count bottom there the importance there just simply on a 50 even though it's 15 minutes just to watch the day's low at 1.705 if price closed below that the answer would be no how is not the time to reenter a UNG because we're headed lower out there I do not see any other bottoming pattern signals out here in fact everything else suggests that price might want to move lower because on those interday charts prices below support so you've got one time frame to hang your hat on with regard to the April contract for natural gas and that's that 15 minute time frame it does have a bottom it should rally up towards 1.755 out there what it could have should have though and it had a TD 9 count top on that 15 minute time frame so a TD 9 count top TD 9 count bottom perhaps in fact it will hold so Dan I hope that that helped you out let's go to our next request which is a take look at Zscaler that's for David in Panama City so let's pull up the ZS charts out here where did Stevie put those that's not it SMCI maybe it's back here no that was Tesla sorry about that folks it's not marked on my screen there we go now we're at Zscaler now the question is David's wondering can this get back to 190 and my contention is well it could but not likely and the reason is because well today what you've got is you've got a new bullish structured profile so before when we took a look at this we said you know what 195-70 may in fact hold 195-70 was his TD 9 count breakout level if we take a look at yesterday's low out here yesterday got down to 195-66 so even though there's not a bottoming pattern it can be a bottoming pattern when you pull back and you test and reject support and that's exact that's another very cool element about the TD 9 count system it provides you with an objective I don't come up with this it's an object and it's amazing how it works out there I mean Tom DeMarc amazing how it works out there I don't even know why he doesn't really even talk about he focuses on the sequential counts out there which happened so less often out here but in any event out here I don't you know you've got a brand new so the daily timeframe is saying I tested 195-70 rejected it today it's formed a new profile with support at 198-82 it's bullish in structure 201-98 is the center of that profile in 208-32 is the top on the weekly timeframe chart price of trade below support so if the daily pattern fails if you see a close below 195-70 then that's going to say well geez you can get back to 152 out there you've got a monthly TD 9 count top with support being 193-96 so 193-96 support 195-70 is a support area and you've got that new daily profile that's the information I've got for now with regard to Zscaler let's just take a look at its consecutive days movement out here so far just a one-day rally potentially that's pretty bearish if that's all that it gets out there but you know where support is and I hope that that helps you out and as always thanks so much for writing and I was David in Panama City McGuppy writes and he'd like to take a look at Nvidia so let's get over to the Nvidia charts out there and if I read the question correctly I read it kind of quickly sorry about that but the question was something like was yesterday the low and this is only a two-day pullback what in the heck is McGuppy talking about well let me show you because he's pretty intuitive about that if we take a look at the Nvidia charts we look at its dance steps and by dance steps what we're looking at is consecutive moves higher and consecutive moves lower we don't care about those one hit wonders out there now although some of those songs are just simply fantastic but when it comes to trading and investing out there we like two you gotta at least do something twice out there and you gotta do it twice in a row well if we take a look at what McGuppy was talking about this is the daily time frame and what do we see out of Nvidia a two-bar knee jerk reaction low in a bull market you typically see pullbacks at last two to four consecutive sessions coming off of the low here in Nvidia from just October of 2023 we can see we've had one three but here's a three here's a three two threes one two three two-bar pullbacks and one four-bar pullback so the answer to that question McGuppy we're trading about yesterday's high that's a bullish signal very well may be but we still want to go ahead and take a look at the Nvidia charts because there's additional information but it may have just been a two-bar knee jerk reaction low out there now price is trading with inside its profile we can see that price is right now trading above its green oscillator and change line that number is at 888-28 out there I believe 888 is a good luck signal in the Chinese folklore language out there but what price should do out here is make its way to 935 935 is the top of the profile now if it does that it still has that rosement to mitigate our top in order to negate that price you got to close above the high from a few days ago that high was at 974 even Steven so you got a top you got price consolidating with inside it you had the two-bar knee jerk reaction low and now you got this little consolidation between support and resistance on a weekly time frame chart weekly time frame chart last week generated a sell the d-point and formed that little bullish or bearish bearish shooting star candle but the monthly chart says ah hogwash what the Sam heck are you guys talking about the monthly chart says I want to move higher out there well if it's going to do that it's got to take out last week's high so that's what you'd be paying attention to MacGuppie but is it just a two-bar pullback so far the answer that question is yes what happens as price gets up to that 935 90 level you also wrote in and wanted to take a look at ticker symbol SMCI so we take a look at it price is trading above its green oscillator and change line at 1123 it's trading about profile levels it does not have a topping pattern that I see although I do see a wave number seven now let me just pull this back and just make sure take a look at those blue digits out there yeah it's got a wave number seven signal but price should rally up to test that swing now that swing point did volume out here this was on march the 8th of 11.7 million so far today you're moving up with 3.7 you're moving up with similar type volume so it's looking like SMCI wants to go tag that high at 1229 on a weekly timeframe but TD 9 count pattern is likely to form this week complete next week the monthly chart looks very bullish well the next request was a take look at tick symbol EME that was for Z inside the tiger's and his questions has a rally completed well on a daily timeframe you've got a TD 9 count top I see a TD sequential signal I see that yesterday we had it closed below the bar four bars earlier so you've got two topping patterns out here Mr. Z you got the TD 9 count and the TD sequential sell signal what took place yesterday though may be the extent of the move to the downside because what did price do after forming those tops went back and tested support and support was 313.39 you need a TD 2 consecutive closing below that to suggest you answer your question has the rally completed at least for the short term we come back to this break we'll finish looking at the weekly chart and the monthly chart for ticker symbol EME 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 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 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that would be the target the likely target and that would be down about the 324 45 level out there so that rally is likely to continue it depends on the close at 12 noon so take a look into that you just have a consolidation right now with inside profiles if we did see a close below 313 39 two consecutive close below that then that would tell us that the td9 count topping pattern on the weekly time frame should get traction that traction would take us back to the 278 level the monthly time frame chart it's just simply bullish but z I do see a wave number seven signal but of course you know that needs a lower high that couldn't take complete that could not take place until next month out there so if that helps you out the next request is to take a little ai for j he'd like to go long so let's go take a look at those charts see what they're suggesting we take a look at them they do not suggest going long right now watch today's close if price closes below the low of march the 5th that's at 3089 we are at 3075 right now it'll trigger an a to b equal cd to downside now albeit on lighter volume that's that swing point had volume of 11 million shares today this is only done 2.8 million shares so it's coming through that swing point with lighter volume doesn't matter you close below it then it says we could easily get down to the 27 bucks well before we get down there it could just be a counter trend move to the downside if that were the case price would find support at 2875 that's a center of its bare structured weekly profile that price closed about for two consecutive sessions out there so that's all what I've got on ai no I do not suggest that you take a long position now wait to see how the day plays out see if you get that a to b equal cd pattern to the downside lastly to finish out the show let's take a look at the 30 year treasury which did make its way back to support today the question is what's going on on those intraday charts out there and I don't see a lot in the way of bottom patterns out there folks stay tuned for all the great programming but please rejoin me again tomorrow at 11 o'clock for that 11 a.m. update have a terrific Tuesday be safe out there we'll look forward to speaking with you again take care