 indicators and other important tools for analyzing this sector. Sign up today on TFNN.com, TFNN Educating Investors. The following is a presentation of TFNN. Trade what you see with Larry Pezzavento, toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Hi everyone, Bowser Chapman sitting here for Larry Pezzavento. I believe Larry had some personal stuff and he wasn't able to make it this hour. So I'm sitting in. We're looking at the S&P up 21.93 at 42.89. Let me just discuss a couple of things here. In the Chapman wave, what we like to look for is identify the lowest low bar. And from that moment on, you want to be counting each successively higher peak. And the objective is once you've got that low bar, every higher peak, it's called a floating letter until it makes a peak. As long as from the starting point, it doesn't take out that starting point. If it takes it out, you have to start all over again. You're done with any potential buy signal or buy mode. And what you want to look at is to see it go strongly to an A, then pull back, hold that low, and then start B. And B is where you might get an upgrade of a buy signal taking it to a buy mode. A buy mode would imply that in Chapman methodology, it should go to at least a D. And I use technical indicators for that. And they just sit there. I don't do anything with them. There's nothing to measure or anything. When they cross positive, they positive. When they go negative, they're negative. And as it stands right now, when you get to that fourth highest peak alphabetically A, then peak B, peaks have got nothing to do with A to B equals C to D. Absolutely nothing to do. It has nothing to do with the Elliott wave. I notate them with alphabetical, with the alphabos sequentially to G. A, B, C, D, E, F, G, each one's higher, uppercase on the way up, lowercase on the way down. Once you get to D, other things can happen. And that's exactly where we are right now. This is where you can get an instant restart, because within three bars, that's the rule, if there is a higher high above D, you can call it an E. But in your mind, you're thinking E maybe slash A, because this could be a brand new buy signal going to a buy mode that can take you to another four peaks high. There's never an H. G is the ultimate high letter. Then you have to look to see if there's a recount, if there's something you missed, whatever. All right. So within that context, where are we? We did this instant restart with this peak D still in a buy mode. In the S&P, see this candle, red candle in the daily chart right here. The middle is the weekly, right is the monthly. And right here, if I can just get this error, I want to see, can you? Yeah. I think you can see it quite clearly. Oh, that's not so. Okay. So there's your peak D, one bar, two bars. In two bars, it made a new recovery high. But the mag D is very strong. That's the mag D right there. The stochastic is over 80% is excellent. Over 90% is terrific. It's at 89.81 right now. So it's very strong. That's the reason why that red candle yesterday, to me, was not a really big negative. It was just saying, hey, it's a digestive phase after a spectacular run from the 4100 level to the 4300 level. So where we at right now, we're at 4289. Let's call it 4290. And it has to go to 4299.20. If it does it today, extends leg F. If it does it tomorrow, it starts a G. But we've got that instant restart, which says, hey, G stash C. And very often we see the G stash C go to that D. D is the target price always in the Chathamway methodology. So with that said, we're in E. In the weekly chart, we're only in C and the monthly, and that's still very bullish. The mag D hasn't crossed positive yet, but the 9 period has crossed over the 14. And that's already important. And the stochastic is lagging, but it's at 59% and running the on balance volume in both the weekly, well, the daily, weekly, and the monthly are becoming, it's becoming very overboard. I never talk about overboard oversold in any of the indicators except for the on balance volume. I might do it in my price movement, but not in any of the technical indicators. They just give you readings that you have to interpret in a way of either buy or sell. Now, the other thing is this. I wanted to do a couple of things here just because I know that Larry likes to look at the commodity. So we'll do that. But the QQQ had an instant restart. Is this a peak F or is it an F slash B? Look, the 9 is way over the 14. That's really positive. The mag D is starting to weaken, but it's still positive. The stochastic is weakening, but it's still at 86%. That's terrific. On balance volume, the blue line is pulled back. So this says we're probably getting kind of toppy in the QQQs. The way I'm looking at the market right now, because the Dow has just started about an hour ago, it went to a leg seat, went above 33,805. At the moment it went one penny above that high. It starts at leg C. Look, the 9 is over the 14. The mag D, this is the mag D, the green and red line there, very strong. The stochastics at 86% very strong. On balance volume is lagging a lot. And that just says to me, I think we do go to a D. It's probably going to be somewhere between, I don't know, we first have to make a peak C. If we go one penny above today's high tomorrow, it extends leg C. And as I'm looking at it, the upside is still intact. But look at the weekly chart. You see the green and red pink line? That's called the Chatham Wave inside track repellent zone. Once it goes above, it becomes a propellent zone, but it keeps getting repelled in that little area right there. So that says until the Dow can close on a weekly basis in the 34,300s, that's 500 points from here. That's a lot. This is still in an up, I call this a high level consolidation, making higher highs and so far higher lows, mostly higher lows and mostly higher highs. It hasn't made the D yet. And the monthly chart is bumping up against resistance you can see right there. Right. I wanted to get that out of the way. Now let me show you a couple of things. On the very short term, we had just absolutely a fabulous turnaround from the low at about 20 on the E-minus at 42, I think it was 42.62s. And across nine periods, the 10-minute chart crossed positive and we are still positive. And this went to peak A. And what I did the other day, I see it's about a week ago, I said, this is going to become really important. I use a long, narrow rectangle, the midpoint of that. Sometimes if it's long enough, I say, this is going to become a really important area up and down and up and down like a yo-yo. Well, that's 42.90. We went above it for a while the other day at peak F with the two doji candles. And we plummeted from the 43.05-ish area down to the 42.60s, then went sideways. And I typed in this because it came from, I wonder if I've still got it because it was a while back. Wow, is that the break already? Yep, that's the breakdown. It's up 149, it's a piece of 21. There it is. This is where I drew it from here. This is the whole area that was in this old age between a very narrow trading range at 9.20, around about on the 5th of June. And this was 42. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. On June 15, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators, and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN, educating investors. 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Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. Hi, folks. Let me just show you something here. I was a Basel Chapman sitting in Fulleripa's event on a one-minute e-mini chart up in 1975. So look how it's pulled back from this peak e-mini in the Chapman wave. You see the magnitude, the way it turned around, but look at this beautiful indicator right here. See that little blue line? It hit exactly to the minute. It made it a little high and then it comes all the way back down. And what I said just before I popped into the den a little while ago, I said, I'll be doing Larry's show hour at one o'clock, but I'm watching this and the one minute made a peak e in the one peak e and the ten minutes made it a peak d a b and it's still above the nine-period moving average. And then I said 42.90. You remember I just talked about this dash blue line that's just going to stay there for a while because we're going to go above and then we come back. It's going to be really like a fulcrum. It's going to be really important. Well, looking at the one-minute chart, look how it's walking the nine-period moving average. It's trying to make a cup formation to break above 42.94.75 to get to 42.90.95. There it is. So this is just about, it's within a fraction, a quarter of a point of starting a leg d. So that's the one thing. The other is this b in the, in the, I've been speaking about this for about six months now. Next week I hope to do quite a bit of work to be able to kind of to, to at least document, I'm not sure I'm able to put it on a computer, but I'll be writing down all the notes for myself and I'll be trying to implement it in some, I don't know if I can do it on a train station or on warden or something, just implementing some kind of a plan so that I can identify with the parameters, well, clearly articulated, where we get a two-click session. One of the, one of the ingredients that I spoke about this at about 42.70 this morning, I said, I think we've got a two-click set. I had actually done this, a two-click session, but I had to get out because of some other things that were going on with the program. I just, I needed to get out. So I got out, but I think this is a two-click session that somehow or other we should attempt to get to a leg C above the 42 in the 10-minute chart, 42.9850, 42.9875 starts leg C. It's taking too much time. I have a rule of 136 when you're consolidating. One, one bar rest is fantastic. Three bars is good or even on the way down, it's good. But when it gets to six bars, you almost have to restart the new buy signal. So here's the pattern that might even turn into that H, dreaded H pattern. I'm watching it closely. Here's your peak C1. I call this peak C1, C2. So if I was in, I'm not in anything right now here, I would have called, I would have said, hey, I'm getting this as a peak C2. I'm getting ready to maybe bail if certain parameters aren't hit. This is a new position, but if you're still long from the 72.74 area, 42.72, the day is still young. Anything can happen. But on a very short term basis, this one-minute chart says I couldn't even get to a D under the previous E. Not good. That means there's now weaknesses starting to prevail in the general, at least in this SMP. And the NQM23, this is the NASDAQ during contract, it made a peak E and there's a pattern that I call the dreaded H. Now what is the dreaded H? The dreaded H is, if I can just find this right here, dreaded H, find it. There it is, dreaded H. It means sometimes you can go straight up or straight down. That's one thing. You can make a cup formation or an arch formation. That's two and three. Or you can have a combination. In this case, it's red because if this H fails at a peak A or B and takes out that left side low, you've got to be real careful because you've got only two to three bars in which to close above that to save the day. Otherwise, it could go quite a lot deeper. So what we're looking at here is that there's this little H pattern, a little A right there. And now I can should wait for the 9 to cross negative. But here's your gray A because it wasn't a, there's no conformation of it. So it's an A minus because it failed. And now you can get almost a one to one to the downside. So that was a peak D. Now I never had a chance to draw my left side right side price time match or anything like that. And this went to peak A, peak B, C and D. So let me show you this yet again. There's another peak A, peak B. I'm just counting the highs from the low bar, C and there's your D down arrow. And what did we get? Now normally with a peak D and a down arrow in an arch formation, it doesn't go that much below. Unlike just an A or a B that fails, it sort of stores a little bit under it. This has gone a little bit more than a little bit under it. It's gone for 40,000, say 466 area down to the 450s. So now it's almost, now you have to look at the 10 minute chance of, hey, this is going to be, and this goes to the Tiger Financial News Network, almost all the hosts talk about A to B equals C to D. I talk about it in a different way. I talk about it in a traveling methodology. I developed a long time ago where I go, let me just expand that weight, make it nice and thick. And now we'll go to the downside where it has to do a one-to-one extension in the same angle, the same number of bars. Well, let's see what happens here. Is it starting to find some support? It hasn't gone one-to-one to the downside. The MACDs week, stochastics week, on balance for arms, quite good. But the nine period has not closed under the 14. That says there's still internal strength. So if I was saying, if I think someone said they're getting short, I'd just be watching this closely because the next move under 14,450 would be very negative. Now using the same technique, remember I can take a blank chart. I don't need all these techniques in case if I'm just counting the peaks and troughs. Look, he has gold. So gold earlier on, made a low right here in the temperature. This is the continuous contract. Made a low back at seven. That was five o'clock on the seventh. That was five o'clock, seven. That's last night in the Eastern time. Then it went to peak A, peak B, peak C, peak D. Pools back has this alternate count goes E slash A, F slash B, G slash C, and then it pulls back. Then it goes A, B, C. He has your 200-period moving averages. Now he never uses moving averages, so this is something completely different. But look what happened. It sliced right through what is normally resistance or support and went to a peak D, E, F. I haven't put that in because I haven't updated it. There's your F. And then it turns down and still hasn't technically given a down arrow, but it's a down arrow based on time rather than price. And so gold at 20.9 now has to be 1975 is the next support level and 1983 is your resistance. I'll be back in a moment, Baselchamp, and sitting for the one and only Larry Presaventa. We'll be back in a moment. 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. 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Hi, let me just go in the order of the questions that I just got. FCX is Freeport McMorrin. This is copper and gold, actually copper and other metals, but basically it's a copper company. Made it a leg C, right at the 200 period expansion, moving average in the deadliest trading. FCX is trading at 37.73 up 16 cents. You can see how important this 200 period moving average has been support, then it's been resistance, then it's been support, then resistance. So right now it's resistance again. So if you are not in it, I'd be a little hesitant. If you look at copper itself, let me get there for one second. I heard the bell, copper is HG. There we go, copper itself. Yeah, very nice move, but look at peak A and the peak B and the peak C or leg C. In such a small move to the upside, I think it's doing quite nicely, but not good enough. So I'm just going to say that FCX on a trading basis, and I'll be going to that corner moment, needs at 37.73. I think it's going to come back to this 200 period moving average. I think the 37.30 is going to kind of be a mid range for the next couple of days, but I also see there's a much better chance that it's going to retest the 36.30 area, and that's going to be key. If we can hold that, and it's at a leg C, it could quickly just pop to a leg D, and that would make the 38.90s, 38.30 to 38.90 will be the actually even just one penny above that starts. Yeah, 38.31, 38.32 starts a leg D if it happens the next couple of days, and I suspect that that's going to be a resistance. So I'd be hesitant here. If you've done your homework and you really think that this is looking good, and I think that it's improving, but the mag D in the weekly chart and the stochastic is still flat, it needs a lot of work. But if you want to start your position now, I'd have a one and a quarter point stop, and if it goes to the 38.40s, I would just raise the stop. In fact, I'd try to keep the stop, I'd tighten it up, but I'd keep it there before I added any position. I need to see four sessions more to see if it's going to hold support. That's the most important thing. It is trying to move up. It's got a nice cup formation, most importantly, and the gap and it's not full the gap much. So this is good action. I'm just going to get the weekly suggested needs a lot more work. That's all. Next question is, let me just see if you don't mind. I'm going to go to right here to see what the bell was. We have Brent in Martinez. Brent, how are you? I'm doing great, Basil. How are you? I'm very well. Thank you. So you came just in time for the commodity section of this particular hour, and you would like to look at. We have talked about this previously. It's going back probably, literally, I mean, maybe a month ago, we were looking at this on a little longer-term chart. Seeing that there could be potential for a bottom in the future, and that happened not too long ago, a few days ago. With a dodging candle on the 1st of June, we're looking at Intrepid Partash IPI, 22.29 right now, up 8 cents, and that dodging candle came after the peak APB failure with the dreaded H pattern, and it didn't go down quite a bit. And now what it's done is it closed. This is the third session above the arch high of the 22nd of May of 20.48. So this, I was looking at FCX. This is a takeoff level on a daily basis is a lot nicer looking than the FCX. The monthly chart needs a lot of work. And I'm going to ask you what you're doing, but I first want to show this. We had discussed this. This is just a beautiful pyramid shape. The low that was made back in, I didn't use, yes I did. Going to, this is a weekly chart, going back to January of 2021, at 21.92, there was a low on in May, it made a little arch formation. And then in May, the week of the 14th of May of 2021, it went to 22.82. And then it screamed to the upside. It went to 1.21.72. I would say 100 points upside is excellent. April of 2022, about, what is that, one year later, weekly chart. But then one year later, what does it do? It tests on May, the week of the May, the 12th, it goes to a low of 18.26. And then it makes the low that we're looking at right now, 17.23. That's what I call bar symmetry, just perfect bar symmetry. There's the inside wedge target support line. Okay, now I'm going to ask you, what are you doing? What have you done? I'm just doing this with the auction battle. I have, there are the $20 calls to go out to, I have the Julys. So you have July, okay. So this is going to be very interesting because I think IPI, if you're looking at a monthly chart, it's about six weeks you've got to go, maybe even more July. Oh my, it's about seven weeks actually. So if you're looking at that length of time, I would, knowing you, you're probably going to be out of it a lot sooner. But if you gain, if you want to hold it because the weekly chart, which made it, it's a potential this week, a trough G. If you, if you're going to hold it, the resistance at 2373, which is the weekly 40 period exponential moving average, which it's hit many times. But the last time it actually closed above it and only did that once was in the week of August the 26, 2022. And before that was the week of the high of April of 2022 at 121.72. Since then, if you just use this one indicator, the 14 period exponential moving average, only one week did it close above that. Otherwise every single week, even if it went above, oh no, it did it for a fraction of the week of the 21st of October, just momentarily. And look at this, every single, that'll be the first time if it can close above 2372, let's call it 2380. If it can close above 2380, that'll be the first time in a long, long time. So that's the, that is the resistance that we're looking at. So on a short-term basis, the last time it gap down was on the 4th of May, 24.30 was the high. So 24.30 is above the 23, 24.30 is above the 2372, 14 period exponential moving average. So now you have a lot of configurations. So I'm going to do this, if you, if you've got a moment, I'll just do this here, going to that high. If I was to do a left side, right side price time match, I can't do it to the low. Wow, good. But it takes it out too far. That to me would be too fast. And now I have to use a particular candle. And I'm just going to try to see if I can do it here. Yeah, it's too soon. Yeah, that takes you right to where we are. So I, if using this candle right here, the candle of the 26th of May. Yeah, there we are. So I'm going to use that. I'm just going to click on the right side to give you what I'm looking at. Yes, this says by the week. Oh, that's not two weeks time. By the 20th of June, the gap high of the fourth, that's a 24.30. That would be a target. And let me just do this crossways right here. There it is. Oh, and it's right. Okay. Can you hold on a minute? I've got a couple of things I want you to show you. Yeah, no problem, Delta. Okay, folks, we've got Brent in Martinez, California. We're looking at IPI interpret potash in the potash area. 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 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. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com. tfnn educating investors. Biotech is booming but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. Visit Direction Investments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the Direction shares carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction shares. To obtain a Prospectus or Summary Prospectus please contact Direction shares at 866-4767523. The Prospectus or 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, Four Side Fund Services, LLC. that IPI holding even now as the market started to pull back from the highs is now only up 129 was up quite a bit more and there's to be only up 14 was up quite a bit more earlier on. So this is not giving back much at all. So it's saying it's almost independent of the market right now. So I like the action. I think your fabulous entry point and especially if you're doing it in options. So this is what I'm looking at. It's at resistance. It's hit it twice now. This is the inside wedge target resistance line because it's green going up. So that just says it might take a little bit. You've got 50 period expansion moving average resistance at 22.70. So far this is very good action but it's only leg A and there's a chance that today the high of yesterday was 22.42. Today is 22.41. If it doesn't go to 42 but stays here that's going to be a peak A but if it hits the same level as yesterday that continues the floating net A and that's very good for an A to take off like this with this is almost a Chapman wave squash pattern with the MACD and the stochastic. I don't want to get too carried away but the speed with it's gone from negative in the stochastic to really positive at 90 percent and the 9 over the 14 and the MACD this is just says it's got fabulous support in the 2130 to 20.40 area. I like it. I think it's really nice but I don't think it's this is the big move to the upside. I think it's trying to establish some kind of base. It looks very much like the Eiffel Tower in the monthly chart straight up to the 121 area and then straight down again. So I think this is really important work to try to form a base. You've still got that gap down that candle that we were looking at from the 4th of May. So I like what I'm seeing. I would love to see what it's doing maybe Tuesday of next week as it as a full the gap has it gone below 21.25 or is it actually struggling to to hold that green line as a magnet to keep moving high so far. It's so good. So the way I'm looking at it you've got about another week and a half or so maybe even two weeks try to get to 24. What did I say was 24.35 20 24 30 24 30. It sounds like it's oh it's just a little hop skip and a jump but we might consolidate a little bit here so far is acting very nicely out that helps you. It does of course battle as always. It's a big help and I just yeah I've got this one. I've got some others on my list that I I'm starting to dip my toe and I have been in the steel area and just see some other spots that I have my eye on and did do one of the you know the kind of quick trade this morning on the spy again and already out of that one but to see all in all it's been good. All right. Congratulations. That's always nice. Yeah. So thank you so much for calling in good luck with this one. All right. Thank you so much. We'll have a great day. You take care. Thank you very much. So folks just to get back to this. I'm going to go to natural gas. I was asked about that. So look. Yes you and you remember we made that peak E and I said this is the dreaded H pattern peak A minus because it took out the little left side low. And now you can see the one set nine per moving average cost negative at 120 this one at 118 this afternoon. Eastern time it's still pink. And that just tells you this is very weak right now and that 200 per moving average of 14409 in 10 minute chart. That's going to be key support. I'm seeing signs right here that it's attempting to try to find some support but it hasn't yet. All right. Now a question came in about natural gas. So natural gas. Let me just go here for a moment. This is the continuous contract. I'm sorry. I'd like to go to the continuous contract. I know most people would never trade from a continuous contract because you want your actual contract that you have. Not only that prices will be different at different times of the month. So that's made that dreaded H pattern right there. All right. Now I want to go to keep this on here ESM to three just keep it there. Oh look at that. I drawn this in as a left side right side potential price time match earlier on using a particular candle as the midpoint the fulcrum for the left side right side mirror image. And here we are. This is the low that was made at 12.03 this afternoon in the E-mini at forty two eighty three fifty. We're trading at eighty we've just hit eighty two eighty three fifty. Done it exactly right there. And here's your tab web inside wedge target support line. Usually I'll make it red and have time to do that. So I'll make it pink right now dashed right there. Okay. See I a little bit on bounce bombs trying to turn around stochastic. This is where the most important this is where it should rally if it's going to rally forty two ninety two has to be reached. I would say within the next 10 or 15 minutes rather than forty two eighty two. All right. Here we go again. Okay. Finally I'm getting to my natural gas. There we go. Natural gas is in G. This is the continuous contract. There we go. So this candle that we're looking at right now it's up point 005 at two point three three four. See this this doji candle. See the nine period moving average in the daily chart still very weak. The black that's the black moving average right there the 14 period moving averages. The pink turns to pink when it crosses negative it's green when it's positive the Magdy histogram is improving but it still isn't even close to turning up and the stochastic at nineteen percent is under twenty. It just says it's still in the weak category but it is rallying on balance volume is being very good. But the weekly charge you see when the Magdy moves like this and the price doesn't conform doesn't rally with it means next time there's weakness in the Magdy it can drag the price lower. And I'm always nervous. Look at the stochastic rated beautifully from the single digits to almost twenty percent in the weekly chart nineteen point eighty one. And yet the price is making lower lows. I'm something is wrong with natural gas and I just say for the people who are trading it I know some of you have had short term trades that's fantastic. Just be really careful. There's just something is going on that is either there's a glut there's something going on. And all I can say is you and G. which is the United States natural gas fund doesn't show. It doesn't show up all these different things as clearly as the others. So this is a G. and I can't go to G. C. because I went made a low low. This is actually G. C. B. look at that monthly chart. Look at the weekly chart. You know you could you could trade this on. There's going to be a point when it made this inverted V shape can this Eiffel Tower right here in the daily chart getting from 6 10. I don't know if it's still 6 10 as a continuous contract. Yeah. 6 10 to that peak C failure on the 19th of May to 7 72 and then caps down and couldn't even have a little dreaded H pattern right then failed. This is just not good. So this is the right side that now has to the only way that I would feel very comfortable about say buying the U. N. G. is if the price of natural gas I'm going back to the core which is the root of the this is the continuous contract trading at 2.336 right now actually starts to trade in the two fifties and it can hold that for a whole week. That'll be that'll be the best thing that I could see. Then I'll say you know what I think you've you've raised the base of support. At this point it's still at the stage where anything can happen. So about anything can happen. I'll be right back. Got a couple of questions that came in that I'll be looking at as soon as I return. Very good. 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 30 day money back guarantee. So you have nothing to risk. 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I didn't do that thing I mean IWO IWO so just let me do this I don't know what IWO is I don't know if it's a stock IWO is I short the Russell oh short the Russell jumping in jumping okay so a couple of things I still like the IWM I think it's going higher this is the chart of the IWM I don't think it's made at top just yet the stochastic is at 91 this is going to be bad news maybe it's tomorrow I don't know but I think we're really close to some kind of a short term top I would like to think that the Dow is going to give it to me I wanted to show you some quickly look wheat is just stuck in the low range but look at soybeans soybeans are starting to move steadily higher and 3066 making 3040s the 3040s really important support corn is gone to a leg B made a peak B it's actually much better stuck at the 200-period moving average if I can get to 630 on the continuous contract that's good I want to do LC which is live cattle making a peak D I think it's making a short term top right here at 172 I think it's going to 1 the 160s are going to be really important support to hold so I just wanted to go through a couple of things and then real quickly as we were about to go off and wrap the session up don't forget my news that is the opening call we've just had a stock that's doubled SYM oops a long ESM trading at is this a daily chart now yeah it is right here Symbodic it has to be so overboard in this particular level hit 4292 we're into the 21s so it's had a double now a leg E got to watch it closely the whole IA artificial intelligence area this is in it I'm going to be watching it very closely some of this wrap it up yes they have a great rest of the day hey Tim Ward at four o'clock don't forget he does his first of two webinars should be a fabulous one he does terrific work have a great day if you don't get to 173 this afternoon that'll give a good close we'll see what happens have a great day stay tuned for a great program