 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, folks. Welcome to the April 5th. 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. Let's make sure we have an extraordinary one. And the easiest way to do that, well, it's always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance that life is going to toss at us. Now, today, you and I are going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I. It just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this. During this next 16 minutes, I'm here to serve you. So feel free to pick up that phone. If you want to hear from me, you can dial in 877-927-6648. But if you can't call in, we've got you covered there, too. You can always send me an email. Send it to Steve at tfnn.com inside the subject. And if you be kind enough to put radio show question, of course, in our Tiger's Den, well, any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to less show right now. We got all US indices trading to the downside. Dow's off 53. S&P 27. Nasdaq 157. Russell's off 28. Semi's down 130. Trend is continuing. They're moving lower off 285 points. You've got the spotball of Tilnex. She's still above her 50-day or below its 50-day exponential moving average. Gold's off $6. Silver down 2 pennies. Slices recruit is up 43 cents. Lead the charge dollar-wise the upside restoration hardware of 26 bucks. United Health Group 14 Pool Corporation up 11. Anthem up 11. And O'Reilly automotive up about 10 bucks to the downside. It is Amazon 66 bucks. Nearly 2% booking holding $65. Two or three quarters percent. Tesla's off 4% or 43 bucks. Mercado Libre down 38 bucks. 3% and Google's off a little over 1. About 1.25% or 35 buck a rune. So where do we want to begin? I'll tell you where we're going to begin. We're going to begin with is this turnaround Tuesday? Or is it the beginning of at least a counter-trend mover rally? Well, the answer to that question, we're just going to go take a look at the charts and see what they have to say. So now we're looking at is the NQ. The NQ, not the leader to the downside would be the semis, but we'll take a look at the NQ out here. And what we're going to notice is that you've got a, now look at the bottom portion of our charts first. There's going to be any kind of a bottom signal. We're going to see those turns on those intraday charts. Now here, I've gone to the super low timeframes out here. You've got the five minute, the 10 minute, 15 and the 30. Five minute, you have a confirmed roadsman to indicator bottom. Price is above the top of its profile. It says that price should go target 14,968. You've got a roadsman to indicator bottom on the 10 minute chart. Price right now taken on resistance at top of its profile. That top of its profile is exactly 14,920. We're taking that on right now. You get a close above that, 14,950. Now you want to watch those green horizontal lines. You get a close above that. That's going to tell you about a further rally to come. If you look at the 15 minute chart, TD9 count, roadsman to indicator bottom. Price taking on a brand new profile that's forming. The top of that profile is exactly at 14, hold on a second. 14,926, call 14,927. TD9 count done. The 30 minute chart. Price should go target. See how the oscillator and change line change colors. Price should go target. That's the 14,979 level. 60 minute chart. Very likely going to go ahead and form a TD9 count bottom by 2 p.m. You get bar number eight at one. Price would have to get all the way up to bar number five, which is not likely. That's above 15,050 to negate that pattern. So it looks like you've got a TD9 count bottom on the 60 minute time frame chart. The 120 minute time frame, not so much, not with regard to a signal out here. The five hour time frame chart, price is pulled back to its full or structured profile. Price on the daily time frame still above its green oscillator and change line, but consolidating with insight. It's daily profile that range between 14, 391 and 15268. So, in summary here, you've got a rally attempt that is unfolding as we speak right now at 111. The key now is watching these resistance levels. At least this is the NQ. The NQ is pretty good to take a look at to get an overall feel. Now, we can go take a look at the ESMini. We're going to look at a little bit, a little set of different time frames out here, just so I don't have to wait for this thing to completely change all these time frame charges. Once you go to my normal eight panel ESMini chart out here, and on it, if we take a look at the 30 minute time frame chart, no TD nine count bottom, but certainly not really any kind of a bottom out here. Other price getting back to a breakout level support. 60 minute chart, yeah, no bottom signal there, so to speak. Nor in the 120 other, and price coming back to support on the 120 and 4540. TD nine count on the 240 out here, price got back, but not all the way down to its breakout level. So it's really going to be the end queue. You see the ES here sort of not helpful to us with regard to any kind of signals. Now, the ES is helpful from the standpoint that right now on the daily basis, if you take a look at it, what price did yesterday, let's just expand this chart out, what price did yesterday was it close above the top of its daily profile. The top of its profile out there is 4551. We're trading at 4553 right now. So where do we go from here? If you close above that 4551, today you'd have two consecutive closes above resistance. That would suggest at least a run for the TD nine count top out there. That price level is at the 4631 area. So anything else here on the ES many. One slight more. One additional slight positive is that on the weekly chart you've had two consecutive weeks above its oscillator and you've had two consecutive months ahead to higher ground out there. So to summarize, it's really those charts in the end queue that are giving us a signal of a rally attempt. I can't say that this is going to be turned around Tuesday, but we can say as you should expect or anticipate a further rally to follow out is a couple of areas that's prices trying to get over in the case the end queue, some of those resistance levels, but really in the end 14, 9, 79. All those are really price targets the upside inside of the end queue. Now one of the other things that we can do here, I think I have this set I do. So let's go change our screens out here. We're going to take a look at the top eight instruments inside of the NDX 100. And we begin by take a look at Apple. And I know Mike in Mike old Mike from Sarasota is now over in Europe. I want to take a look at Apple. And I know it's got a TD9 count top and a price pulled back and tested and rejected its oscillator and change line. It did that on April 1st, April Fool's Day. That was a bullish signal, but right now we have example consolidating with inside its daily profile. Its message to us is a neutral signal, neutral to neutral signal. The consolidation level or the profile areas resistance 179.61 and 170, 79 is support. Get really the same kind of pattern going on inside of its profile. It's above a greenhouse center and change line. Therefore, its signal is neutral. Nothing breaking down. Amazon, I'm not sure why that big spike to the downside looks like a bad tick. Probably have to update that in the case of Amazon. It has a resistance up with the 3428 level. Facebook is going to go target 248. That thing broke out yesterday. But I mean by that it's negated its TD9 topping signal. It's above the top of the daily profile. Facebook headed to 248. Steve Rhodes with TfN will be back in just a few. 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 it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award winning newsletter Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TfNN all our newsletters come with a 30 day money back guarantee. So you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk free today. TfNN Educating Investors. What's separating you from the most successful men and women on Wall Street? That's right. Information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile based scanner. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. It's good to go back to those NTU charts out here. Duncan, Steve, and the Tiger's Den says, Nasdaq just filled the 30-minute gap from Friday at 3.45, maybe a short-term low. Question to the 15-30-minute gaps cone is needed to be filled. Thank you. So, you know, you're looking at probably either the industry charts or the queues out there or something like that where I use out here, Duncan Steve, is I use the futures contracts. And the reason that I do that is because my patterns are about price discovery. So, imagine this. We've got a TD9 count pattern. We've taken a look at those TD9 counts. So, here's an example. We'll just open up the 15-minute chart for you. You mentioned a 15-minute chart, the 30-minute chart. I'll just open up the 15 out here. So, in the case of the 15-minute chart, you don't see any gaps. Now, you're going to get gaps either between the close of Friday. You could get a gap between the close of Friday and the open on Sunday. And then you can get them after the futures close at 5 p.m. And then reopen at 6. You could get some type of gaps there. But for the most part, what I'm looking to imagine this here, so we're trading nearly 23 hours, 23 hours, 15 minutes or so. And imagine if I was only using six and a half hours. I'm not going to get the same type of counts out here. And we see each day how important those signals are. So, for example, we can see the TD9 count bottom. We can see a rogment and indicator bottom. Here's the 15-minute chart. And again, the pattern is a cool thing about the patterns that I'm sharing with you is that it doesn't matter where it's a currency bear. It doesn't matter whether it's a commodity. It doesn't matter whether it's a future contract. It doesn't matter whether it's a stock. If it's an individual stock, you don't have an underlying instrument like the futures to be able to get those additional price patterns. So then we just have to use the six and a half hours worth of data. I do not use a pre-market or post-market data on the stocks out there. So I just use the trading hours. So to answer your question, our bottoming signals, I really cover that because the NASDAQ chart or the NASDAQ itself is really based upon the NQ out there. So I hope that answers your question. I recommend that you don't have to trade the futures, but if you're trying to find bottoming patterns, or at least the ones that I share with you, you really should get access to that. So I hope that helps to answer your question out there. Let's go to another question that came in. The first one by email. This one coming in from Michael P. Michael wants to take a look at the EWZ. So we're going to take a look at the eight-panel chart out there. And the question is, how does EWZ look and or PBR, perhaps Blue Ribbon, or go with EWZ, which is the Brazilian ETF out there. In fact, I'm going to change screen to you real quickly. Let's go. We'll go back and forth. We'll go to the black background screen for a moment. What you're going to see out here, it's just easier to take a look at the A to B equal CD pattern that is underway. Now the B point out here was on the trading session of March the third volume there are 31 million shares. So lighter volume on the way up. Either way, you still have an A to B equal CD. And you're looking and you're thinking of you're taking a long position is what it looks like to me. And you're taking a look at the timeframe of the next couple of years out there. It's sort of how I read your email. But you're close to an A to B equal CD pattern to sell the D point. In fact, today you're getting a bullish reversal candle. A evening star pattern out there. So that's only bearish thing I see on the daily and you're up towards the top of a potential level where a pattern would complete. The weekly says, hey, wait a minute here, Stevo. I'm breaking above a descending trend line. It did last week and so far this week is just coming back and testing that. And if it just tests and rejects that, that would be a bullish sign. And with regard to Brazil, prices trading into a prior swing point that was from June of 2021 at the 48 level. Now let's go back to those white background charts for Michael and see what kind of other signals we can pick up for him here. We take a look at the monthly chart starting the upper left. Again, nothing other than the prior resistance which we touched upon. The weekly chart suggests it's going to go target the 41-33 level. That's its next TD-9 count breakout level. You can also see prices have been rising doing a less relative energy. That's those black diagonal lines. Now you've got the bearish reversal candle or you may have the bearish reversal candle. The EWZ should pull back at least to its green oscillator and change line currently printed at 38-34. That's assuming you get that bearish reversal candle today. I don't know what the candle looks like at 4 p.m. It's only 122. If price were to get below that then that's going to tell us about a further retracement. That further retracement could take us to the 34-45 level on the intraday charts out here. The 130's got a topping signal support being tested at 38-50. So that's really the area to watch. So I can't really suggest that you take this. I'd rather see you buy this on some type of pullback retracement. So watch the data. Let's see if the topping signal comes in. Then let's watch on a retracement how price handles that oscillator and change on a 38-35 in hopes that you can get this at a lower entry area. Where is that? I'm not sure just yet. It could be 35-96. It could be 35-96. So that's a good time to write in. The next question coming in from another Michael. This one is a PL. This is Mike. I want to take a look at the Apple formerly from Sarasota. I believe he's over in Morocco or in the Morocco area. So that's a very cool thing. And just interested in the oscillator and change lines and the TAS profile. So that is loading up on our screen here. I'm going to get some additional commentary but actually you have to type in the symbol correctly. A, P, L is the only way I'm going to get that data. So now you should be seeing the white background screens for Apple. Michael's questions were trying to understand where the oscillator and change lines were. Well, on a monthly basis price is above its oscillator and change line which is currently printing out at 173.39. It's got a TD9 count top so each signal is neutral. TD9 count top wrote to $174.36. So it's signal neutral. TD9 count top on the daily type frame. Price is above its oscillator and change line consolidating with inside its daily profile between 179. And 179.61. No real signals on the 195. Nothing much on the 130. Nothing much on the 65 to help us with. Nothing on the 30 really to help us with. So it's really just going to be those first four charts that we talked about. And then on a daily type frame your support is what we already did that. So I don't need to say that again. The weekly levels out here. The weekly levels Mike and 160.72 for support and 176.65 for resistance on the monthly basis. Old resistance 168.79 that's the top may become support. Bottom of that profile is at 140.48 So Mike thanks much for listening in today. Let's take a look at a tick or double B.T.A.I. Bachman Turner and I don't know who the I is. That guess that would be me. So let's go take a look at B.T.A.I. And of course what band was Randy Bachman a part of other than Bachman Turner overdrive a great band one of the best bands out there from Louisville from Canada out there and that was the guess who what a great band that is but if we take a look at there you go Tiger TV they got it and so if we take look at B.O.C.I. therapeutics that was what B.T.A.I. is and Dan my apology I don't recall what your question was so I'm just going to have to just simply right now to daily basis right pulling back testing that green oscillator and change line after changing colors as long as it holds that level that would be a bullish signal that is $20.37 Steve Rhodes with T.F.N we'll be back just a few you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex creditor in the market.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the Dan and surround yourself with the sharpest minds in the trading world subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our T.F.N. hosts live during their shows interact with discuss the market action all trading day subscribe to the Tiger's Den risk free with our 30-day money back guarantee and become part of the T.F.N. trading community T.F.N. educating investors you could be making money off the stock market and if you're already making money off the stock market you could be making a lot more check out T.F.N. and Tiger TV and get expert T.F.N. dot com and find the newsletter for you whether you're into trading gold metals futures currencies or options you'll get advice and analysis to help you seriously get ahead T.F.N. also features trading services with a 30-day money back guarantee for new subscribers as well as T.F.N. tiger den trading room trading software and educational webinars for all trading levels and make T.F.N.N. 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Get your copy of the Art of Timing the Trade charts today by visiting T.F.N.N. .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 T.F.N. .com Here's your screen you've got B.T.A.I. and its profile levels so up Dan, the nice thing here so Dan is looking at this because they're coming out with earnings after the close so you've got a new daily profile that had been new but the most recent daily profile form below price and that's really a bullish message doesn't mean price can't pull back but it's a bullish message out here if price did pull back you'd look at 1863 to hold the support looking for any kind of clues out here so last week in the week before you had a close above the top of that weekly profile of 2142 so that looked pretty good real level of support now you've got 1654 is the bottom of the monthly profile so if there's a close below 1863 1654 is the bottom of the daily and actually the bottom of the monthly so that should be your strong support level out here I did see a consolidation pattern that consolidation patterniness looks like this it does not draw in would look pretty much like this here and all we need to do is just move that consolidation pattern up now you can draw a secondary box but maybe it's actually completed Dan I mean that's close enough for me the trade the trading day of March the 30th out there so as far as any other signals are concerned let's just flip over take a look at the white background chart see if there's anything there that sticks out at us weekly timeframe no nothing really that sticks out us there the daily timeframe there's your consolidation we already covered that I would say that price holding it's green oscillator and change line as long as it can do that and that's being tested today that level right now is 2037 that would be a bullish outcome the 195-minute chart which means by the end of today's trading session is going to form a bar number 8 of a TD 9 count we know that nothing for you Dan on the 130 price holding supported a TD 9 count bottom that should form on the 65-minute chart and a 30-minute not so much in the 15-minute not so much there so that's the information as we take a look at BTAI I do hope that helps you out we had a request apologize I don't recall who had requested it but it was for Walmart out here and so we're going to let this populate and again I didn't get a chance to write down what the questions were can we just review it Walmart is strong like a bull now when I say strong like bull I mean it's trading over it's daily profile it's weekly profile and it's monthly profile and what it's doing here let me actually get to a different window for you we'll go back to those white background charts momentarily but on the black background chart which I think is what you should be seeing now yeah so prices taken on I'm assuming this is the all-time high let me just pull this back here yeah look at that resistance here of the December 1st high that high out there is 153.66 now the volume on that month that month was December 2020 was 170 million shares last month you were pushing up with 185 so close inside that swing point it really should go tackle those highs out here on the I guess I drew in this little consolidation on the weekly profile so that would say if you break out of this consolidation you've got a measured 134 to 152 so you've got another 20 points to the upside I'd say in the 170 level out there let me go back to the white background chart see if we can pick up anything there with regard to a Walmart so you're up at these highs there was the A to B I was showing on the daily time frame if there's no bearish reversal candle that forms a snake's upward price target is in the 157 level as we look at the white background charts out here it's really not much no topping signal on the monthly other back at resistance it was a TD9 count top weekly back at resistance the daily no topping signal although you could get a TD9 count pattern that could form between Wednesday and Friday of this week but we need to come back to this probably on Thursday to see where we're at in the account cycle I don't really see anything here that is too concerning there's a 30 minute road cement indicator top of price above the profile levels there so that's what we see going on with Walmart I do hope that helps whoever had put in the request out and I think I've gotten through everything in the Tiger's Den and if I have not just taking a quick scan here please go ahead and type it in and we'll be happy to take a look at that now going back to emails we've got one here from Brent Brent wants to take a look at natural gas so let me see if I can get that started out here well I know I can get that so let's get if you give me a moment let's get the natural gas charts going you're actually looking at a blue screen there we go though so the white screen should start populating let me read Brent's question and Brent's question was hey Steve heard you mention that's gas at the top of the hour update can you please expound on that every great weekend you do the same as well so in essence what I was saying there is it looks like natural gas is breaking out knocking on the door and that's so fast out there and you'll see here when the daily chart populates the reason is because today is going to become bar number eight of the TD nine count now that doesn't mean that today's going to be the high it just as a today can be the high and of course the high could come tomorrow on Wednesday or on Thursday so in that gas is so we'd have to be paying attention to that of course Brent you and I and everybody inside the Tigers down we'd be looking at those top plate I'll expand out the daily and this is really the only potential concern that we have out here so nice wide-ranging bar today but again bar number eight is bar number eight in a TD nine count pattern out here last TD nine count to cold took price right back to the oscillator and change line no reason to believe that this time would be any different of course that top might not form until Thursday current oscillator and change line is printed out so you got really potentially three topping signals that could be forming you only need one weekly chart says hey maybe after you have a little bit of a respite and pull back then they're ready to move higher it's only in bar number six price wants to go take out the take on the highs from two thousand fourteen looks like about the six dollar and fifty cent level TD nine count top on the thirty minute chart prices consolidate inside that profile and above its green and change lines TD nine count top that's going to go ahead and complete by two p.m. that says you could see price pullback to five dollars and ninety eight cents out there TD nine count your bar number eight of the two forty but the three hundred minute chart says I don't know what any of you guys are talking about and the reason is because it's negating its TD nine count top that took place at this morning that was at what time so next bar finishes at two which is another you know less than twenty minutes out here so Brent boy we've got confusing signals out here right because the five hour chart says I'm cruising higher 240 says yeah be careful 120 says maybe not so fast and get the topping signal in the daily having in the thirty minute chart out here so I just say caution I think the charts are just saying somewhat to be cautious for Brent certainly not a time does not appear to execute a long position I am not saying I meant to not say go short natural gas I said expector anticipate some type of top to form and price to pull back to Tesla's oscillator and change line levels out there so hope that helps you out thanks much writing in next question coming in from sat p sat peak says can we please take a look at Bitcoin and some thoughts on resistance so I'll get those charts right now but I'll go ahead and confirm that for you Steve Rhodes with TF&M would be back in just a few are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it could seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge this newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trigger Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37 and 50 cents sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run 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daily time I'll just simply expand these charts out as we look at them what we're going to see out here is you've got a nice little TD9 count top so this bottom with a TD9 count bottom back in February 24 then top with a TD9 count high on March 28 now this we can see here sat that the oscillator and change line change colors from red to green it does that on March the 25th tells us that over the coming sessions we should see especially what's the top forms out there we should see price and that line catch up to each other well the test from two days ago was a bullish test out there as price pulled back tested rejected that level now you're consolidated with inside the daily profile it's going to be at the 48 475 level but you do have a bullish test out there it's signal that would be neutral because of the TD9 count that needs to be taken out in order to change that signal on the five hour timeframe chart what we have out here you've got a you don't have any kind of a topping pattern maybe there's need to be equal seeding what price did here was to simply pulled back to the breakout level found support and has just been signaling that I'm not saying that's what it's signal is just yet because that bar has not completed we take a look at the two hour timeframe chart not a lot out here there was a TD9 count bottom that formed on the two hour timeframe chart and that price hadn't targeted this breakdown level just hasn't gotten up there I don't have a clear signal here as to what its intentions are on the 120 60 30 I'm just looking at the TD9 count bottom I see a TD9 count bottom on the 10 minute gross mental indicator on the five and so the real short-term timeframe chart to suggest we should see further rally inside of Bitcoin maybe it finds resisted 46374 you also want to take a look at service now NOW is a ticker symbol out here so we're going to go to our eight panel charts for that and bisect and dissect it we'll see well on a daily timeframe kind of like many of the instruments out there you got a nice little TD9 count gross mental indicator bottom this forms on March 15 what does price do makes a B line for its TD9 count breakdown level that was a 593 33 tried to break out of that on 506 that's the daily timeframe chart for service now if you're looking to buy that right now I'd say I'd put it in at the 506 type level got a wave number 7 that's a seventh wave move on the monthly chart prices pulled back to test support gross mental indicator pattern on the monthly chart again support holding if support doesn't hold with regard to service now that's at the 552 level that would then suggest lower price lower price as a target what else do we have that much so because you're back below the red oscillator change on the daily timeframe back below the on top of that daily profile you don't want to take any action right now you could be getting a small A to B to the downside so the swing point is just from a couple days ago sat that had 1.9 million shares that was April the first your 651 so it's not exactly moving lower with volume that's the high of that trading session for April first still suggesting get down and test the bottom so hope that helps you out thanks much for writing in that was your twofer out there let's see the next question coming in from Dan Doug Doug writes in he says looking for thoughts on Ford so let me get Ford going here let's use Ford yeah for this set of charts so this is the white background charts will take just a moment to populate let's read Doug's question it closed its daily gap back on October 27 and is bouncing on support you don't see any strength yet please discuss your opinion out here well boy Ford motor companies trading below the bottom of its daily profile trading below the bottom of its weekly profile and back inside it's monthly profiles out here so let's let this white background set of charts populate so on a weekly basis out here here's what you don't want to see you don't want to see a closed below bar number eight the bar that formed on March 18 that low 1551 now if you get a closed below 1551 that's going to signal move back to 1262 that's coming from your weekly time frame chart TD9 bottom is still in effect so it's still at support the low of that trading session the daily time frame formed a roadsman to indicator bottom and wave number seven that's letter G by the way Basil's got a workshop coming up I believe it is next week it's out on Wednesday if it's not next week it's the week after everybody should go to the home page at tfn.com and sign up for that as well you're doing that you should also sign up for the time frame that's coming from the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom of the bottom Ford is tumbling down, doing it with volume, and it should go tackle that low from the trading session of March the 14th. Now the only thing that I see that could stop that move lower is a rising trend line and a weekly timeframe. I know you're looking at my chart saying, Steve, I don't see a rising trend line and you're right because it's on the black background charts and now you see it. So it is at a potential area of support, but it's pulling back with volume. That's not exactly what you like to see out there, but that is what we take a look at or what we're looking at here. Doug, when we take a look at Ford Motor Company using both the black and the background charts out there. So I do hope that that helps you out. You know, the closing of the gap is irrelevant at this stage of the game. Let's see, do we have any other questions out here? We do one last one here coming in from Jeff and Jeff says, can you look at the VIX? You've got a possible nine count bottom today. Interesting. So let me do this here and the do this here is go change to a different set of charts. One where all I have to do is just put in one instrument. Well, somebody wanted me to take a look at the BAC. So we're going to do that. But let me put up the spot volatility next. I know you're looking at a blue screen right now. That's not the blue screen of death. That is the, oh, why did not take? Oh, because I used the wrong symbol, VIX out there, use the dollar sign. So what we're going to do here, Jeff, is get the VIX populated. I'm going to put this chart. I think this is the right screen. Let me just make sure here. Otherwise, no, it is not the right screen. So we're going to pull it over here to this screen. Now we've got the VIX, white background charts. You say you've got today as a nine count. I do not, Jeff. So here's my screen. If you're inside the Tiger's Den, you're seeing it right now. You can take a quick snapshot of it. If you're watching on Tiger TV, you can see my accounts or of course you can get the archive of this, which will be posted in a couple of hours. So I don't see a bottoming pattern on the spot VIX, that being a TD nine count pattern that you were referring to, Jeff. So I do hope that helps you out and thanks so much for writing in. Folks, day two and we'll be back to, guess where during the last segment to close everything out. There was a request to take a look at the Bank of America, BAC, I believe it was. So we'll finish that off. We get back from this break. She's trading out at 40, 45. Looks like it might be targeting the 38, 78 level. But we'll make sure of that by doing some analysis during the spring. 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 and technical market analysis. And it's not just dry, tedious text either. 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And we're gonna do that for you, Zip. But the first thing, because you're looking for a place to add an entry point. So I wanted to take a look at what's the sector doing? Because even if we can find a reason to add on a daily basis or anytime, whatever the timeframe is for Bank of America, if the sector isn't giving us that same kind of bottom signal out there, kind of makes you be cautious. And really, when we take a look at the XLF, you can see the price is below. It's red oscillator and change line. It's the daily chart. Below the bottom it's full of structured daily profile. And yes, it's heading back into the gap. But we don't see any kind of a bottom signal here as we speak. And so this suggests this caution on getting into at least right now with regard to long trade inside of Bank of America. Here are the weekly chart, price holding the loss that are in change line. So that's resistance out there. Price, you know, it's kind of neutral signal, neutral to just neutral signal on the monthly timeframe. So now we take a look at Bank of America. Bank of America is pulling back to a breakout gap. That was a gap that formed out here on March the 9th. Make sure we're looking at the right screen. There we go. And it's going on a lighter volume. That breakout gap was 78 million shares. You're pulling back with 30 million shares. But, you know, I prefer that it get all the way down to 39.66 zip versus right now as an entry point. Prices, you know, inside the support level of its weekly profile, it's bullish in structure. But maybe price is gonna go target 39.36. That would then get you back to that breakout area. And it could actually get down to 38.77. So the answer to that question I'm gonna say, because you're gonna add to a position, you're already in it, and the XLF, the sector itself looks a little bit risky out here. So I'm gonna suggest that you, the entry area would be about 38.78. Here when I put up the XLF, this is on the black background screens out here. I believe we're on the black screens we are. You can see that it has not made its way all the way down to the gap there. And that would, the XLF would be 37.73 or 36.91. So I say just be patient with regard to Bank of America. Folks, thanks so much for joining me on Terrific Tuesday. Stay tuned. Your favorite polar bear, David Whites up next. Tom O'Brien after that. I'll be back with you on wonderful Wednesday and with Terrific Tuesday folks.