 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes At 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks. Welcome to the June 23rd the fantastic Friday day Presentation of today's Trader's Edge show. I'm here with 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's having a great day and let's make sure we have an extraordinary one And 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 in 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 what those bulls and bears what those buyers and sellers are communicating to you and I just passed 11 o'clock in the morning. I do want you 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 on it eight seven seven nine two seven six six four eight Now if you got a question, but you can't call in send me an email Send that off to Steve at tfn.com and inside the subject And if you'd be good enough to put radio show question now if you're inside our tiger's den Well than any in every ping will do so let's go ahead and get this show started on Fantastic Friday, of course. This is tiger financial news network. I'm Steve Rhodes Welcome to the show right now. You get all us indices traded downside I was down by 203 points about six tenths seven tenths for the S&P 32 a little over 1% for the Nasdaq 100 159 The Russell's down eight tenths or 15 points the semis are down one and eight tenths or 65 points trainees up three tenths percent That's a 50-point move there gold is up 10 bucks with silver being off eight cents sliced recruit is back a buck Now it's a gas up four pennies a 30 treasury printed out at 1 27 23. That's up 23 ticks the US dollar index I do have a 10-minute delay. It shows it printed out at about 102 61. That's up 616 ticks Leading the charge dollar wise the upside you've got car max up eight bucks and change That's a little bit almost 11 percent Burlington stores nearly six bucks a little over three and a half percent Florida core holdings nearly five percent for 40 You've got Celsius holdings up four bucks and change that's a 3% move wing stop up four bucks 2% move there the shakers to the downside Mercado Libre off three and a half percent 43 bucks as mill holdings 18 bucks 2.6 percent Avgo 18 bucks 2% Serepta therapeutics is down 11 bucks. It's nearly a 10% move and lamb research up nearly 2% 11 bucks to the downside there So let's begin our day by taking let go where we at market bread. Well, let's let's do this Let's answer the first question first question came in from defining time and defining time wants to know He's been in the queues since Tuesday I'll assume Tuesday morning. So he's pretty close to break even maybe there's a little bit of profit in it And the question is get out or hold so really answer that question what we need to do or what we should do or well Let's do this here Let me stay on this page Gonna need to show you one thing about the queues the first thing is if you take a look at now Just simply expand out the page so defining time here. You've got the end queue And on this page, it's a bearish structure daily profile and what price did yesterday's it got down a test support They get right down to it got close enough the actual low yesterday 14964 the bottom the profile 14950 Top of the profiles at 15 370 out there. So you're gonna get a consolidation going on inside here I would normally say a price close below 14950 then you would jettison the position I would say, okay The trend is changing, but I can't say that the reason I can't I mean I can't say that but I won't say that I'll just give you that data point what I then will say is I'd say let's go move over to the white background chart So this can help me so you can help you understand the point that I'm trying to make If that's even possible here We take a look at the daily time frame chart and we'll also expand this out You see there's a slightly different profile and that different profile now We're using the exact same data here that profile is 14 845 so the range before you get a Confirmation let's say to jettison your position. So that would certainly be flat or go short Would be a break of support and so that range is gonna be 14 845 to 14 950 So we wanted to get that you want to be able to use those profile levels even though we have two different ones That's okay as more information is better than less information here. So we know that now What else can we learn about the NQ's? Well, basically every single time frame that we have up here Has a bottom pattern. That's the five hour the four hour the two hour the 60 minute 30 15 minute And the 10 minute charts the daily doesn't have a bottom pattern It's just consolidating with inside its profile if we switch over to the five hour chart yesterday And I believe was doing this when we were on the air the pattern didn't complete until 2 p.m It's this confirmed a Gartley by pattern. It did that because it formed that nice bullish engulfing candle So we've got a bottom there and that says this that says if you close below or this close of blows certainly on a five hour Time frame below 14 970 that's going to suggest lower price. Well, we know we've got 14 950 and 14 845 those would be the two levels you would be looking at but you do have a valid bottom right now in a five hour timeframe chart out here, so what I could I tell you to Go short here the answer would be no when I tell you to buy here Or you're already in so it's really get out or hold since you're this clothe to basically your break even on Tuesday I'd stay at least that's a message of the five hour chart the four hour chart also as a confirmed Gartley by pattern Now it's Gartley by pattern didn't confirm until early this morning at 6 a.m. And then I know I take that Back that was at 6 a.m. Yesterday yesterday. All right. Yeah, okay this yesterday When it confirmed that by the d-point pattern at breakout support of 14 976 So again, you're looking at yesterday's low the two-hour chart this confirmed a rose meant to mitigate her bottom That is still in play the same thing with regard to the 60-minute chart the same thing with regard to 30 on the 30-minute chart and the has a buy the d-point pattern and you had a rose meant to mitigate a bottom of a 60-minute chart that was one that formed yesterday Today you also have a buy the d-point pattern now with those with those Instruments need to do or this instrument needs to do for this time frame 60 minute 30 minute really all of them in order to Suggest that there is upside movement the reason that you got into this trade They would have to take out price would have to take out those oscillator and change lines And they haven't done that as we speak just yet the 15 minute has a teeny-nike out bottom Roach meant to mitigate her bottom on the 10-minute chart here I would say the level that needs to fall to suggest that maybe there's some room for this rally to run would be 15 129 so you've got bottom patterns on the majority of the time frames that we look at a Consolidation going on inside the daily, you know, there's nothing wrong If this really doesn't take off would I hold this over the weekend? I wouldn't see a real benefit of necessarily doing that knowing that we do have a top Daily top inside the end queue out there But intraday, there's no reason for you to not hold on to it and see how this market Responds going the rest of that have a stop in place. That's for sure So I do hope that helps you out now defining time I could switch over and take a look at the queues Which I will do here. They're not really going to provide us while they shouldn't provide us with the type of information That we just got off of those charts here here on the daily time frame 358 47 is the bottom of its profile now. I'd really be using That's not it. I would really be using the that's not it either. Please I Would really be using the end queue charts that we took a look at for your signals out here But you do have a new profile 358 47 it matches on both sets of charts that I use out there So you could use that if you see a close below that odds favor that there's a change in trend So defining time. I hope that helps you out. We get back to this break. We're gonna take a look at Costco One of our dinners will 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 Keg stats Tiger 4x report Teddy Keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x 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 4x markets tremendously When you sign up for the Tiger 4x report you also gain instant access to Teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today? Visit the front page of TFNN comm 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 comm the opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman 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 comm 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 it is 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 comm and try mastering probability 30 days risk-free today TFNN educating investors Toll free at 1-877-927-6648 Internationally at 727-873-7618 Looking back folks still got to all US equities trading to the downside does off about 197 S&P down 32 Nasdaq 173 we're taking a look at Costco The question here this comes in from a zip inside the Tigers den and the question about Costco is by hold or Basically stay flat out here. So we take a look at Costco. We can see this bottom way back here when I say way back I'm talking about March 3rd. That's the low out here at bottom of the TD 9 count It has then since gone on to make an A to B Equal C to D pattern and it confirmed that cell point out here with this bearish engulfing candle That was back on June the 16th. I believe that was last Last Friday so you've got to confirm cell pattern out here now when you get a confirmed cell All that it really gives sellers right to do is push back and try to test support in the case of Costco out here It has a bullish structured profile what I mean by that The top of the profiles where sellers are at the bottom of profiles where buyers are at the center is where both buyers and sellers Believe there's fair value with inside this range since buyers and sellers. Okay, the center is closer to the bottom That's why I refer to it as a bullish structured profile You've got all kinds of buyers at 514 71 and you have let's say 50 percent buyers at 518 out there So bullish structured profile. So if you were looking to get in you'd want to do it in the support zone That zone is between 514 71 and 518 85 Price is below its green oscillator and change line with that top that's in place out here. So is it a is it a sell? It's not a sell because first of all It's not a sell from the standpoint of going short cost go because price held But even though you've got a top at price held that bullish structured a profile level Is it a time to buy? I would say no if you wanted to try to begin a position here because you had a real hankering to do that Then you'd be looking for it between that 514 71 518 85 area as we look at the weekly time frame chart The weekly time frame chart shows a nice rally over the past several months out here several weeks prices Attaining its prior swing point on a weekly base of this swing point is from December 2nd back in 2022 And the volume there was 17 million shares last week You were pushing up with 9.4 this week. We're short of day, but it's only 4.3 So you're pushing up with light volume not really an encouraging reason to go ahead and enter a position And on a monthly basis out here, you just have a good old fashion consolidation with insight its profiles out there So not really provide us with a ton of information, but it's not does screaming out to you and I that doubt this should be a buy Lastly, I don't know if it's lastly, but let's take a look at what Costco typically does its seasonal pattern Now what we can see here is that we have a nice bottom up again on May 25th out here We've seen really quite a rally since then we've gone from about the 475 level up to about 531 Well, let's take a good Costco over the last 37 years because that's all the data that we have and understand its seasonal pattern And that's what's up on your screen right now The red vertical line is basically where we're at today Well, we can see about Costco's it typically forms a bottom right around May 25th. I don't remember what that date was when was this bottom May 25th. Are you kidding me? How does that work? I don't know how it works. I just know that it does work but over the over the 37 year history of I didn't make this stuff up I'll over the 37 year history for Costco and you can see here my take a look at the bottom area We can see that June is a pretty decent performing month not as good as November and followed up by March But then June or even October is is pretty good June is the fourth best month of the year for Costco And what Costco typically does is it typically runs in up to the early part of July Maybe around the 15th 16th or so and then it begins its move lower that move lower take us into October 25th so That being said knowing that you've got you know what you get in now on June the 24th Knowing that this thing is likely to top here in the early part of July Just something for you to consider out there if you get a pullback in that support Love you want to take a trade just be aware of the seasonal pattern that is out there and be aware that she's the last bottom That form tied right into that seasonal pattern So I don't know if the top will do the same and we already have a top that sell the d-point pattern But maybe they get negated and there's another top that forms right around July So zip I hope that that helped you out with regard to what's going on inside of Costco Make sure I'm clear on that. I would not be buying it. The only buy zone could be in that 514 518 area Let's take a look at our next question. This comes in from Pat a past question goes like this. What number? Should he use for the apogee and perigee pivot points? So that's a great question out there Apogee that's when the moon is furthest from earth during the current lunar cycle came in yesterday at exactly 1235 now I realize you can do some searching on the internet and you're gonna get bogus bad data Where that information comes from is the new American ephemera ephemera is that is the Bible for celestial times Where things are positioned? You get you grab stuff off the internet It's not time at least into what we're using it for and how we use apogee and perigee the answer to your question is I Use it right the open right at that moment in time. So in this case here I took this chart since it was at 1235. I went to five minutes as increments out there and use the open of Price at that specific point in time that specific moment. So that was yesterday at 1235 So as an example for the ES mini that number is 44 12 75 in the case of the NQ that number is 15 137 25 in the case of gold it's at 1926 70 and in the case of lights we crude that number is at 69 46 That's the August contract that we're talking about both for gold and for lights we crude So those would be the numbers to pay attention to why is that important? It doesn't happen 12 Well 24 times of the year 26 times of the year Basically where it works a hundred percent of time But you would be amazed at how well this acts and for reasons I can't tell you as support or resistance levels because it is really a random But it's not so random it turns out it really is a random data point But it's not really that random So I pay attention to it and I hope that that helps you out Pat and thanks much for the question Any other questions? Let's see here by email. There is no other questions by email I think I have gotten to everything, but let me just run through here Find a time to welcome Steve auto nation fill trade So let's go over take a look at a and as a ticker symbol out here see what screens am I I know I wasn't showing you here My apology here are the data points change windows. I'll go back for the apogee pivot point So here you've got that so here's the charts for apogee guys in the den you can make a copy of it What have you and so you've got it for a forest with the ESN q gold on the lower left and then lights we crude on the Lower right out there. Now. Let's go back and take a look at auto nation That's for Phil and let's see if we can understand what Phil's question is we have to read it obviously Let's get those white background charts Phil says Steve is auto nation finishing up a move. Well, you know what it's doing today On a daily basis Phil. It's negating a TD 9 count top So this tells us about a strong momentum move to the upside at least on the daily time frame, okay? So that's what it says for the daily now. Let's take a look at the weekly time frame the weekly time frame Let me just open up this chart see if that's a all-time high Looks like it is so what price is doing right now. It's taking on its all-time high That's from the month of that's from the week of February 17th the volume on that push higher was 6.3 Billions bill no 6.3 million shares this week and we're day short. We're at 1.6 million Is it the question was is it finishing an up move? It's running into maybe natural resistance by not having the volume to clear that but on the daily time We'll come back to this Phil. You're now negating a TD 9 count That says that that high is gonna at least get tested or at least should get tested. We'll be right back gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The 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 tfnn.com Tfnn has just launched their new trading room the Tigers n hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tigers den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers den You can look over the shoulders of Tom O'Brien and the other Hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the Tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts 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 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. So we take a look at AutoNation out here By trading about two and a half percent today taking out a TD9 account pattern on it's a daily time frame We don't have any kind of a topping signals on the weekly or the month We just have price running in resistance now on a monthly base. That was a bearer shooting star candle So that's where your resistance is at at that 158 30 and a monthly basis that month the month of February 2023 had sixteen point nine million shares this month Which we're gonna end here pretty soon rolling about nine point eight million So you're moving up into that doesn't mean it can't take it out But you are moving up to that area with lighter volume and so maybe it sets up somewhat of a consolidation I just don't know but your question was is the move over and I have to say the daily time frame is saying it's not But you know, maybe all it's gonna do is test that high now if it takes out that high What you're gonna get is a gigantic a to b equal CD pattern to the upside so just to take a look at that I'm not saying that that's what we have but that's certainly something you want to consider if you are long this instrument So the a to b would kind of look like well really here's here's what we would do We go all the way up that all-time high and then what we do is we copy that and paste it and Move that down to where the new C point would be at so let's go ahead and do that. I'll be about right Geez can't even I've got a scrunch the chart in order to even do that But here would be the a to b equal CD pattern. Obviously, we don't have the volume Do you have to have the volume in order to get an a to b equal CD pattern? The answer there is absolutely not it's just when you get it Maybe we think we believe in it increase of the odds That will at least go ahead and complete the pattern this case here about 183 23 would be a price projection out there. So if we're in Auto Nation, I'd stay in it Did we look what would we look to see what it's a seasonal pattern is we should do that So let's take a look see if we've got the data an takes a moment here to see if it will pull that up If I get nothing such as I've got right now We don't have Auto Nation so I can't help you out with Auto Nation on a seasonal pattern out there Which should I could but you've got the data? They've got the data as we speak right now. So I do hope that that helps you out the next question going back to Apigee and perigee So let me just switch back to those charts the question is what software do I use but maybe I'm not understanding the question So if you use any charting software first of all all you need to know is the data points When is the next Apigee when is the next perigee here is the a chart and then you're using so I'll just simply open up My ES mini chart. I'll put it to a five minute time frame since we know that Apigee came in at 1235 Exactly, so I'll just simply pull this back and right here. This is the candle 1235 if you take a look at my Screen and at the bottom you see 1235 for June 22nd out there that open when it's hard to read that at 44 12 75 So that's what just yet and you're all lying now you can do this I haven't tested out you can do it on your other since this occurred at 1235 while the mark was open You can try putting that line on the instruments that you have a long position on here You can see how in the case of Apigee in the ESS a five minute time frame price got up to that level back here at 315 on June 23rd. We can see how that acted as resistance. It was a random point, but it's not so random Why is it not so random? That's a great question. That's because other trading houses use this I Guarantee you they use this now. Maybe that wasn't your question. Maybe your question was where do I get the data point? So this is the These are the Aspects that deal with the moon out here. This goes from 2001 to 2100. So you got June 22nd here You could see Apigee came in at 1835. This is all this is the new American ephemeral sets all been digitized I've got 300 years worth of data out here. It could get more if I needed it But 300 years was plenty of data and so the next cycle the next Lunar aspect that comes in that we would pay attention to be the full moon That's on July 3rd now. You must understand that this shows 1835 in the time frame That's because it's using a different time zone. It's not using the eastern time zone So what you have to do is using ephemeral time zone So you have to back this back you back it back by five hours when we're in daylight saving time and back it up by four Hours when we are not in daylight saving time the full moon you have to do that with any of these time frames out here The next perigee is at 2239. That is on Tuesday July the 4th out there. So in that case the market will not be open The futures market though the futures market will be a likely will be I'm not sure what to see. I'm not sure what's actually open on July 4th out there But what do we do what you would use there if the market is closed You would use the close of the prior session and the open of the current session And then you really just have to watch all price deals with both of those lines out there So I hope that that DKC I hope that that answered your question with regard to apigee and Parigee again the data points come from the new American ephemeral you can buy that It's not an expensive book out there and you can have the exact time frames or you can just search for them on the internet and use the wrong times That's really up to that's really up to you The next question coming in from a jambalai wants to take like a ticker symbol ELF So ELF, I don't know what that is, but let's go find out what it is and what maybe it's doing So this is getting populated on my screen. That is ELF beauty ink trading out right now to about 109 83 now what you could get today is a rose mint and indicator top jambalaya If this generates a bearish reversal candle right now, you've got a bear sash candle This would generate a rose mint and indicator top now if this were to close Let's just say this was the close and you and I were looking at it over the weekend Well, we would say that even though you've got a confirmed top rose mint and indicator top It's overall signal is neutral the reason that it would be neutral is because prices above the top of its profile 107 15 and it's above a green oscillator and change line. That is a very strong momentum level So you wouldn't be selling this even though you have a top, but you would be cautious That's for sure if we look at the weekly time frame This thing is really stretched out here, but it is taking out a rose mint and indicator top So a close above I can't tell which height is it's 108 40 108 43 or 10845 a close above 10845 negates that signal and tells us about a further move higher That would be strong move and on the week monthly time frame chart it negated its TD 9 count right away So tells you about strong momentum moves inside this instrument ELF, which is ELF beauty ink It looks like it wants to continue to move higher out here now move higher to where so that's a great question That is a great question Can we look at a switch over to oh, I'm on the black background search. You haven't seen the white background So it's my apology. Let me move over there. I'll just quickly give you that re Restate again here. It's a daily time frame pill You can see today right now as we speak in here jambalaya It is a bear sash candle that would confirm a rose mint and indicator top But again price above the top of the profile and green oscillator and change line Here you can see that last week generated a rose mint and indicator top the week before did as well You had a shooting star bearish candle and that you had no I take that back And you had a key reversal bar on that last last week out there So close above that key reversal bar is going to say which is likely is going to do You've got a strong move to the upside and you can see here on the monthly chart No topping signal now what I was going to do is go back to the black background charts and draw the a to b Equal CD pattern and see what it's nice next price projection level is we'll do that by utilizing the weekly time frame chart So boy, there's a number of a to b equal CD patterns that you can use here. We're going to break Stevie's gonna study this maybe we're gonna go use the monthly time frame chart just to get the cleanest Yeah, we use that to get the cleanest a to b equal CD pattern for elf beauty a 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? 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So we're taking a ticker symbol ELF. We're trying to figure out. Hey, maybe where is this thing headed to it? It's been a rocket ship. I'm on the monthly chart showing you the a-to-b equal CD pattern I don't really have anything that expands out above 3.618 with that that next target is 1503 out here So, you know, what do I do? There's a series of a-to-b equal CD patterns as we take a look at the daily time frame out here Did that go away? I guess it did. We'll just have to draw it in here. So when I take a look at my eyes I'm looking at the the most recent a-to-b equal CD pattern that's set up on the a daily time frame So for me my eyes what they pick out here is they pick out This is the b-point when I say this it's a trading day of January 12th That's the a point the b-point that's going to be the trading section of April 24th It does retracement down into May 24th The b-point which had volume of 1.2 million shares was passed with 4 million shares out there So you have a confirmed a-to-b equal CD the upside You have a new profile that formed today jambalaya. This is below price. That is a bullish message out here So the next price target out here is going to be 13273 and that is for ticker symbol ELF. So I hope that helps you out. Thanks much for taking the time to write in Let's get to our next question next question coming in from Mimi. Maybe wants to take a look at ticker symbol M-a-r-a so we're going to change screens here Let's go to the white background screens and I'll actually open up the question make sure that I get it Mimi just simply says please take a look at Mara. So as we take a look at Mara out here What do we see I'm going to open this up on the daily time frame try to get a feel I see an a-to-b a-c-to-d That was a confirmed sell the d-point pattern out there that suggests that resistance that it really needs to take out I'll give you the price point is at 1283 price got up to that level out here And it found resistance, but it's not like it's it's still bullish What because you don't have a topping pattern and you've got a Uh, you've got price trade above the top of its profile and above its green oscillator and changeline Your question was take a look at it. Well from a daily timeframe it looks really pretty good. Now it does have a wave seven top So we can see that that's letter g on my screen out here So really in order for this to get further upside momentum You need to see a close above that 1290 level if you do that then price should run to 1412 and 1667 That's what the daily chart is telling us The weekly chart says this wants to run to 1412. No idea whether to get through that That is where price broke down the last time when it formed that nice td9 count bottom And rose momentum indicator bottom at the lows So 1412 becomes the next price target I would say the way this is traded on the daily timeframe the way that's traded on the monthly timeframe That is a very likely outcome me me a price is above its red oscillator and changeline on a monthly basis As long as that condition remains that signaling to you and I about a potential Change in trend that should at least take us to the 1412 level That's again the weekly td9 count breakdown area and if price get above that you're looking at the run to the 2335 ish range. So I hope that helps y'all me me Thanks for taking the time to write in sat p wants to take a look at tickle symbol a ap And he's looking for an entry point So this generated wave number seven bottom and a rose momentum indicator bottom Those were both confirmed on june the year 12 Now the volume of that uh swing point low that's on the trading day Earlier june 9th was 3.3 million shares. So far today you are at 781 000 shares If I multiply that times three We're still a little bit light on the volume category, but price might be headed back there So what I'd be watching for is that high 64 88 You'll be watching to see what volume is doing as it comes down there Why would we say it's still likely to come down there? And the only reason that I have for you at least at this moment Is because price is trading below the bottom of its daily profile as I look to the weekly charts What I don't see out here at least nothing that stands out at me at the moment Although it's probably an a to b s so there's a to b equal cd So this did generate a buy the d-point pattern last week when it formed that little bull sash candle But price is still trading inside right now the weekly swing point. So the high of the weekly swing point is 68 40 volume there was 18.6 million for this week. You're pulling back with 10 million We know we're short of day the average uh average volume on this is about three million shares So that still says so I you're inside that swing point. I really think you need to watch that swing point You've got the daily bottom and a weekly bottom. Let's see what we have on the monthly timeframe out here The monthly is in bar number eight and we know that uh a bottom can form on bar number eight It's the low of the pattern at the end of the month if we do have a completed bar number eight It's favorite this will make a td nine count bottom pattern But it can't be on bars nine to the bar five which could take us lowers that could be a couple months So because you have that bar number eight there of a potential bottom I'd be watching again the daily I'd be watching the volume We've got that pattern out there and the price can pull back into that swing point In the date of that swing point was on uh june the 9th out there and it's doing it with less than 3.3 million shares If it tests it that means at least gets down to 66 69 so it gets to 66 68 and closes back above it on lighter volume That could be an entry point. Just realize this thing has not proven itself to you because price was able to run up On that last bottom pattern right up into resistance the bottom of that profile So that's going to be your strong resistance level. So hope that helps you out sat p with regard to AAP that's advanced auto parts greg wants to take a look at sofi out here. So let's not see what greg's question is Greg's question is Can you give me some parameters on sofi i'm not in but we'd like to start a position We was looking at the td nine that was negated on april on may 31st And the current one that formed on june 13th. What do you think? Well june 13th is a td nine count top So we can all see that out there it actually completed on june 14th the bar following bar number nine So you get to see that in action. What has that led to? Well, it's possible that what it's leading to is an a to b equal cd to the downside So I just want to look at my other church. It's easier for me to quickly peek at the volume the b point on this a to b Equal cd pattern that would be the trading day of june 20th the volume of 49 million shares Today you've already done 35 million shares. So sofi Is generating a confirmed a to b equal cd to the downside now It needs to still close below the b point which is at eight dollars and 20 cents. You're at 809 right now So greg assuming that it closed below a 20 you will then get a confirmed a to b equal cd to the downside I don't have a drawn in here But on my other charts it gets us down to 674 turns out at 663 as a td nine count breakout level So you're looking for a possible entry area. I would say it's towards that 663 mark It's towards the a to b equal cd pattern now the retracement here Which is really the low of the bar that's labeled number two up to the high of bar number three Is only a 28 percent retracement out there. So a very small retracement I really like to have at least a point three a two to give you a real a to b equal cd but this The point here that I want to make is if When you get a shallow retracement you typically do more than a one to one a to b equal cd So just be aware of that you're in bar number five on a daily base for sofi the weekly chart Looks like this has completed a sell the d-point pattern last week. So typically and we'll we'll just draw that in here So let's go a to b A to b right there I'm gonna move this over just see if it actually completed it I'm gonna try to move it over there. We go it did So now you have a confirmed sell pattern on the weekly time frame greg and what typically happens when you get a confirmed Sell pattern just as inside the daily time frame as price will get back and test that oscillator and change line Well on the daily time frame, it's below it on the weekly time frame. That becomes the target. So we've got 648 We've got 674 and 663 greg. Those are your targets right now as of june 23rd And as price gets down there, let's take a look at it again. See broads with tfn. 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 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tfnn.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. 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Just visit the front page of tfnn.com In fact folks, so we've gotten through all the questions. Nothing else in here So I'll spend a few minutes just a couple minutes here Showing you some of the some of the sites that I saw in egypt. So that first day was all about kind of the religious churches So to speak and get you know went back really to To some you know pretty cool things the second day was uh was uh searching for all of what not all because there's 108 of them The pyramid so I stayed in geese. That's really the starting point up here on the sero kairos on the other side It's split by the Nile river and so our first drive was to the sakara necropolis to take a look at Really the oldest pyramid the oldest building Structure in the world out there then off to the red pyramid the black pyramid and back to the actual Big daddy of them all the great ones. So here if you take a look at this This pyramid the pyramid of dozier. I believe is how it was built during the third dynasty. So right around 26 30 bc This is the oldest pyramid is the oldest complete Stone building is really what I should say pyramid and stone building complex in history ever built And really part of my trip in going to uh egypt and doing that was really to see Some of the you know as far back as you can possibly get Most people just go take a look at the great pyramids out there in fact when we got out there early in the morning It was ourselves and maybe one other couple Uh or two other couples that that were there. Um This is the red pyramid out here and then the red pyramid Would they call it the red pyramid because when the sun hits it it gives off this shimmering red hue It's a third largest pyramid in egypt. This was built between 25 75 and 25 51 before the common era So this is this is egypt's first attempt at a smooth sided pyramid I've got the arrow if you can kind of take a look at it. You'll see An area here. You'll see a little um, you'll see a little path that you can walk up Now it's about half the way three quarters of the way up when you get all the way up to the top up here In order to get in to be able to go down into the pyramid Yeah, so you got to walk up in this desert you're walking through this not like you're parking right next door to this here There's the area. Here's my wife. I've taken a picture of her coming out But you've got to walk down quite a ways and you're bending down Basically the entire way out there here's some refurbished work that was being done You can see the smooth sided aspect of it That's what we also had to climb to get up and take a look at the other side of the pyramid This is probably the coolest thing that we saw this is a new ruin that they uncovered about a year and a half ago It's a burial ground. It is so cool. Anyways, folks have a fantastic weekend I'll see you on Monday. Take care