 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648. Or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the July 9th, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, Steve, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's have an extraordinary one. And the easiest way to do that, is to always remember that life is happening for us. Not to us. That's right. We do not make that one little two by four shift. It means we can find the gift in every set of circumstances that life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears, what the buyers and the sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but more importantly than that. During this next hour, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, I've got you covered. Just send me an email. Steve at tfnn.com inside the subject heading. Please put radio show question, of course, in our Tigers Denny Ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger Financial News Network. Steve Rhodes, welcome to less show right now. The Dow off 82 points. S&P down 2. NASDAQ 100 up 25 points. Russell's off 4. Semi's are up 4. So we've got a mixed market out here. Spotball of Tildex trade out at 14.08. Still well below its 50-day exponential moving average. Gold is off 70 cents. Trade out at 13.99. Silver's up 7 pennies. LightSuite crewed 30 cents to the upside. Lead in the charge, the upside. Dollar wise, Amazon up 1.5% or nearly $30. Acacia communication, I think it's buyout or so. That's up 35%. Sage Therapeutics up 9. Lindsay Corp up 8. To the downside, trans Digim Group. TDG, that's off 2.25% or nearly 11 bucks pool corporation. Off nearly 5%, nearly $9. MetaFast off 6. And change, that's 5% to the downside. So where do we begin our day? Let's begin our day with the levels that we want to be watching. So really kind of an update for subscribers. The update this morning was, hey, even though futures were trading lower, what we knew was on a short-term basis. And our short-term signals, both on the 30, the 60 and even a couple of the 120-minute charts were generating bottoming signals. That's one of the beauties of being a mastering probability subscriber. That way at 7 o'clock in the morning, you can plan your day. What we said was, we should anticipate a bounce up to the 29.79.50 level. That's this little solid green line out here. You can see how price basically is struggling there. That is the point, price point, where the ESMini most recently broke down. So if price can close over 29.79.50, price should rise to the next breakdown level. And that's about 29.92.50. It's not about it is at 29.92.50. First things first, prices up at resistance. 29.79.50, it's in the process of trying to make a TD set up nine count out here. You are in bar number eight. You haven't made a higher high bar wise over the last half hour, but that could take place on bar number nine. So that would be the 130 bar or it could be the two to 230 bar out there. And if price closes under 29.79.50, that's a dangerous thing. When I say dangerous, you get the topping signal below resistance or the breakdown level out there. So you'll want to watch 29.79.50. I don't recall if on the 60 minute, but we'll take a quick peek if that number is exactly the same. 29.79.50, that's close enough for me. We can see the same type of signals or patterns that are going on here. The bottom that was made on the hourly chart was a roads momentum indicator bottom as well as the TD set up nine count. So you had a two for going on out there, price again up at this resistance level. Now the two hour or the one hour time frame chart says, hey, you close above 29.79 and a quarter on an hourly basis. You're back up to the 3,375 area. That's where price broke down prior to this 29.79 area. Now, if we just simply go take a look at what's going on on the two hour time frame chart for the ESPINI, what you're going to see is a beautiful a gorgeous Gartley by pattern out here. Now that pattern actually formed this morning. The confirmation came in at about eight o'clock this morning. Shortly after the newsletter was sent out. So on a 30 minute, on a 60 minute, on a two hour time frame for the ESPINI, for those of you maybe that were out there saying, hey man, futures are done. I'm going to jump on it and go short. Learn these patterns. Learn these patterns because what you'll be able to do is you'll be able to take that kind of, all we're doing here is trading the numbers, really just trading the patterns. The numbers would be the TD setup levels and then the breakdown and resistance areas out here. So on the 120 minute time frame, we know that all Gartley by patterns have five potential outcomes out here. Right now, let's just say that the current outcome would suggest a price moved to 29.89.50. So let's summarize this and put it all together for you. You're just simply going to be watching the price point of 29.79 and a quarter. We see a close above that two o'clock, my two o'clock or three o'clock out there. Then you want to anticipate and move up to 29.89.50. Hey, I'll be able to update you on this because I'm going to do the show filling for Tom today from three to four. So we'll be able to take a look at that. But that's what's going on in the markets. Market was signaling to you what its intent was this morning out here. And that is a beautiful thing. Now, we've got that to figure out. And by the way, the same patterns were underway inside of the NQ and the Dow and the Russell 2000. We don't need to go through those at this stage out here. But it's always a beautiful thing when, and this is the tool here, the tool is going to show different information right now because we've been trading for several hours. But it's always a wonderful thing to sit down in the captain's chair. See what the futures markets are doing. Of course, I already know what they're doing before I get down to the captain's chair. But what I don't know is what patterns are present. So it makes it so much easier for me to just look at this. This is the short-term signal. If markets are going to turn or at least create countertrend rallies, whether it's to the upside or to the downside out here, it's just a beautiful thing to be able to sit down and take a look at the dials and see if there are bottoming signals that are present. As they were this morning. So here's what we know right now. Price is upward resistance, and we know the level to watch. We know if price breaks above that area, then we know where price is likely headed to. Let's say, though, in this instance, let's say that price peters out, so to speak, out there. It just simply stalls. We start to see. In other words, the countertrend rally that we've seen so far is over. That is a possibility. Then what are we going to be watching for? What we're going to watch for would be support. Other levels of support or key levels of support. And those happen to be the bottom of the daily boxes. When we did the show yesterday morning, we taped it between eight and nine. There were new profiles that were attempting to form. We were using Stevie's advanced Doppler warning system with regard to market profiles. They have taken a hold. Now I won't be here tomorrow, Thursday or Friday. These numbers are likely good until then. You'll want to pay attention to these. You close below the bottom of those boxes. Since you have a change in trend to the downside, close above the top, the bull market lives on for another day. Steve Roads with TFNN, we'll be right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Taz or Taz, and you'll find the Taz Profile Scanner under the Services section. Sign up now for only $197 a month with the risk-free 30-day trial and you'll find the Taz Profile Scanner under the Services section. Sign up now for only $197 a month with the risk-free 30-day trial and you'll find the Taz Profile Scanner under the Services section. We're good. Hopefully you can give me the high sign out there. Sorry for that. No idea. No bathroom break out there, but hopefully we're good. Got it. Okay. Thanks, Tommy. All right. So, folks, let's get back to the markets. Before we went to the breakout there, what we were looking at were the ESMini, the NQ, the Dow, and the Russell 2000 equity futures contract. So, I want to be able to give you the numbers to focus on for the rest of the week out here. These are support and resistance levels. So, inside the ESMini it's 2987-75, the bottom 2951. Those are the levels you want to watch. A close below 2951 would suggest a change in trend. A close above 2987 would just say that the bull run continues out here. Inside the NQ, you're looking at 7880-40. You're looking at, that's the upside. Downside, excuse me, 7645. And the Dow equity futures contract, you're looking at 26952 to the upside, being resistance to the downside 26501. Now, when we take a look at these profiles, it happens to be the Dow equity futures contract, panel number three, the YEM, where the structure of that box is bullish. So, I would say that that's the most important one to indicate whether there's a change in trend or not. In other words, support should hold. There's buyers lined up between the price point of 26614 and 26501. If that fails, well, and actually the, it's a clear bullish structured profile in the Dow. The EAS, EAS sort of maybe. The NQ actually, you'd watch 7880-40 because it's a bear structured box. So, a close above that tells you just simply how strong that market is. Now, the Russell 2000, a very wide box out there. You can see the top of that box at 1586 in the bottom at 1527. Also a bullish structured profile out there, but those would be the levels that we would be watching out there. That's what you should watch tomorrow, Wednesday, Thursday, and Friday out there. With regard to the overall general message of the market, if we're going to go ahead and take that from the New York Stock Exchange, actually we're going to do two things. I'm kind of multitasking here. Should have done this earlier. Doesn't matter. I'm going to do it now. But inside the New York Stock Exchange, at the chart that you are looking at, if you take a look at panel number two, the center panel there, you're going to see reading of 1.17. That is referring to or dealing with the advanced decline oscillator. Again, the difference between the 19 and 39 day exponential moving averages of the advanced decline line. I know it's a mouthful. It's just a mouthful. But right now, what's important is that it is still above zero, 1.42. As we take a look at it right now, it's about volatility. It's down below the 50-day exponential moving average. Is that number that you want to watch? It'll change slightly. But for the most part, you use 15 and a quarter. We're trading at 14.11 right now. As long as price remains below the 50-day exponential moving average, a signal there is plenty of liquidity inside the marketplace. Now, the thing that I was going to do, which we're doing right now, another market breadth feature would be taking a look at the NDX100. It's a daily chart. Still in bullish configuration, meaning that more stocks inside the NDX109, I think there's 109 stocks there. Well, 37 to be specific are trading above the top of their profile. Just as you and I were taking a look at the profiles for the Daily Equity Futures contract, you trade below the bottom, support has failed. You trade above the top, resistance has failed, bullish versus bearish. Directionally speaking out there, well, more stocks, again, are trading above the top of their box versus the bottom. In the consolidation mode, so to speak, in between you've got 51 stocks out there inside the NDX100. That's on a daily base. The weekly is, you know, very bullish out here. 52 stocks, by the way, above the weekly profile, only seven below the bottom. Now, let's go take a look at the S&P 500. Let's do that for the S&P. Here is the S&P 500. This is the 60-minute chart. We don't care about it. Not that we don't care, but we're not as interested in that. This too also has positive market breath, meaning nearly 200 issues, 198 to be exact are trading above the top of the box versus 77 below. So what does this say from a market breath standpoint? Well, we took a look at the New York Stock Exchange. Here's the weekly, by the way, which is positive as long as that advanced decline oscillator remains above zero. We took a look at the NDX100 market breath positive trading with inside the profiles and the S&P market breath positive as well out there. So that's bullish. Be careful on the bearish bet, so to speak. You've got to have some type of real topping pattern out there. I sure want to close this application. I want to close it. And one of those things would be paying attention to the spot volatility index if it is trading above the 50 day. Well, I can guarantee you that the I can't guarantee it, but I pretty much guarantee that the prices trade that the advanced client oscillator reading would be below zero. But right now, just simply out at the support level. So those are the things I would be watching. There will be the things I'll be watching while away. These are the things that you'll be able to watch as well during your day or the one at the two o'clock hour out there. We take a look at what's going on. Horizontal trading ranges out here. We take a look at the E S mini trading below resistance resistance being the daily horizontal trading range at 29 91. So any close above that is nice support would be the monthly that's at 29 29. You don't have to worry about those levels until we see what happens with regard to those market profiles of take a look at the Dow equity futures contract. It's also trading below its daily horizontal trading range. That's at 26 80 26 8 82 and it's weekly it's weekly support level be 26 4 37. So kind of in between out there. We take a look at the N Q the N Q found support earlier overnight right at the monthly horizontal trading range level at 77 41 has since bounced off of that a close above 78 64 suggests higher price. By the way, if the N Q can bust above the top of its profile, remember, it's a very structured profile out there. Then what we'd be looking at is a potential run up to 80 80 80 80 we're trading at 78 34 out there. So those would be the numbers to be focused on and to be paying attention to so right now we got the Dow trading down 78 points S and P's up to N DX 100 up 27 points out there Apple, by the way, forming a new market profile today. Let's put that up here for you. The bottom of that box is 197 85 the top 203 47 Steve Rhodes with TFNN. Hey, I want to hear from you. Just send me an email, stevetfnnn.com just put radio show question that subject heading and we'll answer your question as best we can. We'll be right back. I'm certain you are or strive to be one of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastery Probability and for the last 12 months timer digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for six and three months. Timer digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastery Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls for you today. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas, then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30 day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best selling book, The Art of Timing the Trade Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program, the Art of Timing the Trade Charts allows you to scan the markets for stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money to get out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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 got a request to go take a look at Goldilocks trading at $1400.60 today. So here's what we know about Gold. Well, there's a couple things. There's several things that we know about Goldilocks. First of all, support is held. We've seen support test, we've seen support test the last two out of three trading sessions. That number is $1392.50. Now, granted, price has broken through that level but managed to get some really all about the end of day reading out here. That's weird. It's really all about the end of day reading or the close of the day reading out here. That's what I should say versus interest session what's taken place. But at this stage here, our prices held support and we have price just simply consolidating in essence between the top of the profile $1432.80 and $1392.50. If there's a close below $1392.50 for two days in a row. I'm going to go two days in a row. But the next day price popped right back above it, so it was a false breakout to the downside. If you see a close below and follow through the following trading session there's your indication of a change in trend. It's not just that. You see, support and resistance are for Stevie. And I would say for you too a really key, there's a special key when we see bottom or topping signals out there. In this case here with regard to Gold, we've got topping signals Yeah. All over the place. There's the choir would say we've got topping signals in gold all over the place. If you take a look at this chart, you're probably tired of taking a look at it. But here we've got the continuous contract. Those dashed yellow lines are your long term resistance areas. 1434, even Stephen being one of those levels price was unable to break above that. There is the possibility, good possibility that price pulls all the way back into the 1200 range out here. This is the bigger picture into the 12 15 is 12 20 is range out there. Now that was the long term chart. The weekly chart, as you know, for gold shows a A to B equal CD to the upside a completed pattern completed because of the shooting star candle two weeks ago. And then last week's close below that shooting star out here. That suggests that a minimum we see a price pull back to the 13 59 level. But I would have to say that this this is actually a Gartley sell pattern on a weekly basis that is in place. It's another reason to be very, very cautious. Goldilocks. If we take a look at the daily time frame out here, you've got your TD set up nine count pattern. That is a topping signal. That's why this 13 90 do not any topping pattern. You're always looking for support because it may just simply be nothing more than a retracement to support. And so, yes, inside of gold, you've got nothing more than a retracement back to support. But knocking on the door is 13 92 50. If you see a close below that. If you see a close below that to close below that rest assured, you're looking at 13 36 60 is the next level of sport. That's where gold broke out. That's a TD set up count line. And below that 12 72 10. I think more likely than not, that is where gold is headed to. So topping patterns all over the place every time frame monthly, daily and weekly out there. Just simply be careful because you don't have the shorting signal as we speak just yet. But a close below 13 92 50 would be it. So gold 25. Hope that helps you out with regard to what the gold is doing. Now gold this morning was making one of those roads meant to Mindicator bottom signals out here just as the equity markets were as well. I don't have a resistance line out here on a 60 minute chart really to pay attention to. I also don't have it on a on a 30 minute chart or even a. Well, if I take a look at 30 minute chart, let's I take that back. I take that back. Gold is trading above that resistance level. That was at 13 97 40 out here. But what what gold may be doing in a short term based 30 minute basis, it may be forming a TD set up nine count. That could occur within the next within the next two hours. Here at 130 right now. So maybe by 330. Maybe we'll have some more information when I do time show between three and 330 on a 30 minute basis to see if in fact that topping signal comes into play out there. Now with regard to the equity futures contracts out there, I think we covered it. But if not, we did, we looked at the ES many if you take a look at the end queue. This looks like it may be also setting up that TD set back. Yeah, we talked about that. So it's something to also be watching during the next hour or so out there in the equity futures markets. Let me take a quick peek, see if there is any questions that have come in. And if not, we'll try to figure out what to do next. So we're going to try to figure out what to do next. I wouldn't want to look at next. That's going to be pertinent to you. That's going to be pertinent to you. What would that be? Treasury bonds. Let's go to copper. All right. You want to take a look at copper? We can go take a look at Dr. Copper out here. So as we go take a look at the copper contract, we're looking at we're looking at July. Nah, can't be can't be. What's the current copper contract out there? Let me take a quick peek here on my handy dandy phone. I think I've got it listed right here. So copper is September. There we go. Kind of made sense. So let's go change this so that we're looking at the right thing out here. And so as we take a look at the September contract for copper, we're going to see straight out at 262. Let's go see if we can get some profiles that's trading below the bottom of the box profile wise. Not a good thing. The bottom of that profile out here is 22.6649. You're trained at 2.627. So what are we watching? Let me see. Let me see if I may have the September contract on my other system out here. If not, what we're going to do is I'll put up the continuous contract. So just give me a second there. Do I have got September? Okay, so that's good news. So we're just going to see if there's any counts or any other type of bottom signal that is going on as we speak right now. As we look at the daily timeframe chart, what's a daily telling us daily is telling us at 2.645 to be exact should have held the support in your trading below that right now. So that's not a good thing there. Gold 25 would suggest lower price could be a gigantic A to B equal CD to the downside. But let's let's not stop there. Let's look at the longer term chart by longer term chart. Let me just take a look at the weekly. Oh, by the way, price is trading below the weekly, the weekly TAS level. And I said daily earlier. So on a weekly basis, the key level out here gold, this is what we're going to go with is 2.6165. That is a key level of support if there's a close below. So in other words, prices just pulled back on a weekly basis, an intermediate term timeframe to support. There's no buy, there's no buy signal out here. When we looked at the daily chart, there was nothing there to suggest that there was a bottom. So maybe price is going to trade sideways out here for a few days. But below 2.6165 says at least you head back into the August 2018 levels of 2.5520 out there. That's been looking at the September contract for Dr. Copper. On a monthly basis out here, what do we have going on inside of copper? Not much. Not much. It does say when we look at the monthly chart out here, you close below that weekly breakout area. Man, you could easily see copper back in the Buck 94 level. Steve Rhodes with TFNN will be right back. Hey, I want to hear from you. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The tax Act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four year CD in the country as of February 20 is 3.1%. 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From all aspects of the markets, including stocks, bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get that competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com 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 directioninvestments.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 prospectus or summary prospectus, please contact direction shares at 866-476-7523. 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. Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV for the latest market information. Welcome back, folks. We got the dial off 70 points. S&P is down one NASDAQ 132 points as we speak. No questions. No questions yet inside the from email standpoint. Hey, it is summertime. So hopefully, hopefully everybody's having a great summer vacation. And let's continue on with the markets out there. So what else should we be taking a peek at? What else can I provide you information on? So if we take a look at the 30 Year Treasury, the 30 Year Treasury generated a topping pattern out here. So what you're going to want to watch it out, I'll go ahead and I'll pull up the actual contract itself. And when I say a topping pattern, a road's momentum indicator topping signal, we've seen a couple of them that have occurred along the way as price had been trading sideways. We've actually seen two. So maybe the third time is the charm. That was the key reversal session from last Friday. Well, price hasn't done. This price is not broken down through support out here. Let me do this. Let me come back here so we can take a look at multiple time frame support for the 30 Year. Let me type this in here and take a quick peek. So here on the we should get the daily and the week. Well, we're going to get the daily. Now we get the daily and the weekly. So here's the numbers to be watching. Now this is a bullish structure daily profile out at 153 and 2230 seconds out there. That's going to be a key level of support. If that level should fail. If that level should fail, then we should see price make its way down to 151 and a quarter out there 25 30 seconds, really what I should say. And that's the game. So you've got topping signals out here on the daily time frame. With regard to what's going on short term wise, we take a look at a 61 20 five hour time frame, nothing breaking out just simply sideways action out here by take a look at support and resistance lines on a 30 minute time frame out here. Price would need to close above 155 and 13 30 seconds. No to suggest that it wants higher price out here. We've seen a sideways move ever since this little TD set up nine count from about four o'clock this morning. So just just an additional message of this consolidation. What we do on a daily base have a topping pattern. The key though will be he can sellers push price down below 153 and 22 30 seconds out there. Alright, so we got that out of the way. But now let's take a look at lights we'd crude. What what can I share with you with regard to lights we'd crude? I don't know. But let's go take a look at it. Lights we'd crude if we look at where prices trading within or above or below trading within his daily profile. The top of the box will resistance is 59 93. The bottom is 5607. So just simply trading sideways there. No other real message out here did go. What did we do? What did what what what what what that's the question. Let me see L. Oh, eight. Let me go ahead and see when price bottomed out here recently a couple weeks ago. Was there any pattern? Yeah, there was a TD set up nine count pattern. The June 5th low was that was that pattern out here and then you got a TD set up nine count pattern that identified the most recent high. It did that on July the first out there. So right now prices trading above Stevie's red line 5670. So no problem on a daily basis. You got resistance 59 93 out here. If price breaks to the upside, the breakdown level to be watching will be 6302 the break out level to be looking for light sweet crude is 51 72. Those would be the numbers. Write them down on your pad of paper to assist you with what light sweet crude Texas T is doing out there. Okay. So we got that done and out of the way. What else do we want to look at US dollar index? Anybody up for the US dollar index tradeout 9706. Of course, there's a 10 minute delay that I've got on my feed here. What we've got is a 10 minute delay. We've got you had an A to B equal CD to the downside they completed. So is a Gartley by pattern inside the US dollar index all Gartley by patterns have five count them five potential outcomes. Well outcome number three outcome number three. I'll get it out. Don't worry about it was hit earlier this morning. That's the point 786 retracement. You'll see if you're watching us on Tiger TV, you'll see the retracement levels from the high to the low that high to the low was the A to B by pattern that was out there. Level number one was the point 382. Excuse me to mean to spit on you. I didn't spit on you but spit on my screen gross in any event out there. The point 382 retracement 9626 that was outcome number one. Of course we know that was it with a wide ranging bar. You hit it with a wide ranging bar. What does it tell you they're likely not to stop there. Let some people off that point 382 elevator continue to move higher as a move tire did with another wide ranging bar wide ranging bar going into outcome number two outcome number two being the point 618 retracement area and that's at 9681 doesn't stop there. Where's US dollar index go to well this morning. It's 9721 the actual high today was not 9721. It was 9719. That's pretty darn close to me. So now no wide ranging bar coming into that level but no reversal as we speak just yet. And so outcome number four would be getting up to the 100% move of move the per swing point where the a began for the A to B equal CD. That's 9771. Beyond that would be an A to B equal CD at the upside. We don't need to go there just yet. Outcome number three has been hit. Any move above 9721 anticipate 9771 as your next up to the up side. Okay. What do we want to look at next out here. I'm saving the indices the cash indices you know and I do Tom show from three to four. What I don't want to do is do a repeat in essence of this hour although there'll be different listeners so we'll repeat some things. But what we'll do during that hours we'll take a look at the cash indices and of course anything that you would like to as well some kind of shine away from that during this next. We've got about a minute 20 seconds or so and then we've got our 2 minute wrap out there. So let's go take a look at some some individual stocks moving to the downside. Let's start with Trans Digim Group TDG. Let's go see what it is doing out here trading slightly lower but below the bottom of its daily profile which is 488. That would suggest that price could move down into 464 level next out here. Doesn't really look too shabby TDG but let's go see how it made its high out here. Was there any kind of pattern that was going on in the daily timeframe. So as we go ahead and we expand that chart we're going to see the answer there is no. There was no pattern out here to have suggested a top not traditional topping signals like you and I would look for. So then that just says we've got a default. Now I do I do take that back. That was the daily timeframe. If we do take a look at the weekly timeframe while price had been moving higher doing less route of energy. You've got the little bearish reversal signal on June 28th. You've got another one potentially this week. It's only Tuesday. But right now you get a little bearish ash candle for it will stick with our call for 64 64 and below that would be the bottom of that weekly profile for 44.38. That's what's going on in the world of trans Digim ticker symbol there TDG. So we get back from this break right now. We've got the Dow off 72 S&P down one. We'll figure out what to do for our two minute wrap. Thanks so much for being here. Steve Roach with TFN and we'll be right back since 1984. Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. Well originally hand drawing charts from the late 1970s into the 1980s. Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later. Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls. Thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators. Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFN dot com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFN and dot com It's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, South African Rand as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFN and dot com don't let gold's next big run pass you by sign up today you know what's cool taking something that's good for you something specifically formulated to help with weight loss at our sleep stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals baddie and amino acids and an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of tfnn.com this is David White stay tuned because coming up next is the power trading hour right here on tfnn welcome back folks so uh you know the things to really be watching during the week here's here's really the issue the issue as I see them the issues as I see them if we take a look at the daily chart here for the e s mini no no real topping pattern that is in play what we've seen here over the past couple of days it may just be a knee jerk reaction out here with the move lower prices testing steve's green line we've also got that daily profile twenty nine fifty one I'm willing to change my mind or the market could change my mind that there's something else going on if price were to close below the bottom of the box at twenty nine fifty one but until it does so um this is just a normal kind of a little uh you know texas to two step excuse me if you will to the to the downside so watch the spot volatility index watch that twenty nine fifty one the level those would be nice clues for you over the coming trading sessions out here inside the nq prices also in essence done the same thing pulled back to steve's green line it is tested that that's at seventy seven ninety four price still trading in between the profiles but a close above seventy eight eighty as we said would be very bullish that's not exceeding the high by the way of Friday that's above the top of the box out there bear a structured box that would say okay that would be fairly bullish out here but as we speak right now at one fifty five in the afternoon that start stock charts for the yes and nq are bullish we take a look at the dow the dow was struggling a bit it's trading below steve's green line at twenty six seven eighty four i would need to close below twenty six five or one in order for anybody's skirt to get into a tizzy out there so you've just got this sideways issue but no topping signal per se inside the dow equity futures contract and as we take a look at the Russell two thousand price testing and rejecting thus far steve's green line that was read not too many trading sessions ago this is a bullish test however price must close by fifteen eighty six in order to get back to its bullish ways and below fifteen twenty seven would be back to its bearish way so folks have a great rest of your Tuesday I'll be back on Monday at the traditional time between one and two so look forward to seeing you then take care