 is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Call now, 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 June 10th. The fantastic Friday edition of today's Trader's Zed 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's having a great day. And let's make sure we 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. That 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. Well, go figure out what those bulls and bears, primarily the bears, but what they're communicating to you and I at just past one o'clock in the afternoon. I do 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. You can dial on at 877-927-6648. Now, if you can't dial in, we've got you covered there too. You can let those fingers do the walking. You can send me an email, send it to Steve at tfn.com. And inside the subject heading, please put radio show question. Of course, in our Tigers. And well, any and every ping we'll 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 Lush Show, right? And I got all the USNCs training the downside. The Dow's off 822 points, about 2.5%. S&P 112 points, 2.8. NASDAQ 103.4% or 418 points. Russell down 57, 3%. Semi's off 3%, that's 92 points. You've got the Spotball Techs, which has a one-day rate of change right now, just above 10%. So you want to watch that at day's end. Gold's up 24 bucks, 18.76 as the print. It's got training right into resistance, top of its daily profile. Silver's up 10 cents at 21.92. Lights Recruit is back a buck 21. She's trading at 120. 31, natural gas up 18 cents. That's down 2% in the 30-year treasury. Trading out 135.10. That's off a 1.25%. You've got to lead the charge dollar-wise the upside. Individuals stock-wise, CVR partners, UAN up 6 bucks or 5%. Franco-Nevada up 5 bucks or 3%. Tunnel Capital is up 7%. Cogent Biosense is up 83%. So they've cured something. To the downside, they just lead the charge. Well, that's out of order. That's interesting. At point, losers. Mercado-Lirbe, nonetheless, is off 56.7.5%. Booking and holding is 160. 7%. Google's off 72. Regenerative Firmness circles down 6. DocuSign down 21. That's a 24% move to the downside. So we've got plenty to look at, of course. I want to look at what you want to look at out there. So let's begin by doing this. Let's just rip apart the equity futures out here. Why do we want to rip apart? Well, right now, if you take a look at these charts here, you've got the ES in the left, you've got the NQ next to it, then the Dow and then the Russell 2000. So what do we know? We know that price is sitting at a support level inside the ES mini. That support level or range is between 38.85 and 39.71. The bottom of the weekly and daily profiles. The NQ, its last batch of support is the bottom of the weekly profile. Now that's at 11.861. We're trading at 11.855. Still nonetheless, we're at a support level inside the Dow at a support level, the bottom of its daily profile. And that's at the 31.435 area. And if price closes below that, then it would signal move down to 31067, the bottom of its weekly. Now in the case of the Russell 2000, which did generate a sell the D point pattern, stronger than the others, hasn't gotten anywhere near the top of its swing point from back on May the 20th. I don't know if it was there. It was, yeah, May 12th for it. It was May 20th, I believe, for the other instruments out there. And prices right now just trading in between trendline support and trendline resistance. So the whole purpose of looking at this is try to establish, is there any kind of support that we see? And if so, then that helps us to try to interpret and understand what we see on the intraday charts. So now let's begin by taking a look at the EES minis. We know that all four are sitting at potential support areas. And if that's the case, and there's gonna be some type of turn, then we'll start to see those on the intraday time periods. So we begin by take a look at the EES minis. The shortest time period that we take a look at here is a five minutes. I'm just gonna explode these screens out so that we can see all the detail. We can see here that there's TD nine count, Roadsman, Diminicator bottoms, Wave number seven bottoms all down here. And basically we're in a sideways consolidation. Price would have to close above 39.25. Just suggest to move up to its TD nine count breakdown area. And that's on a five minute chart out here. But certainly the five minute chart is establishing that it's attempting to form a bottom, not that it has formed a bottom. We'll look at the 10 minute chart out here. 10 minute chart for the EES minis shows us what? Well, it doesn't show us too much at this stage. It shows a Roadsman to, let me let's look again here. Yeah, it shows a Roadsman Diminicator signal, but this needs a bullish reversal candle. But what the 10 minute chart is really communicating to you? Forget about the bottom. Take a look if I were to ask you on any attempted rally, should we get one? Where's resistance? Pretty simple. It's at 39.18.75 out there. It's the top of that profile. So that's a level to put down on your pad of paper. Should you get some type of rally attempt? The 15 minute chart has a Roadsman Diminicator signal. It had formed with a hammer candle. So the cool thing here, so far of the three intraday charts, this one provides us with the most amount of information. What I mean by that, well, not the most amount, the most amount of bottoming information. What I mean by that is if you were to see a close below 38.98.50 on a 15 minute basis, that tells us we're headed lower out there. It's the 10 minute chart that gives us a nice intraday resistance levels. So you've got those established to manage the rest of the trading day out there. On a 30 minute basis, it has triggered a Roadsman Diminicator signal. This is the first bar I believe that it could trigger it on. That needs a bullish reversal candle. So we're sending that support. We take a look at daily and weekly profiles. Intraday charts suggest that there's bottoms that are attempting to form inside the ESMini, but nothing will have any kind of real conviction to it unless we see a close above 39, we'll call it 39.19. Now a 60 minute chart, I don't see any kind of bottoming pattern, nor do I know on 20. The five hour chart is saying, man, I don't know what you guys are talking about as a bottom. I want to get down and test the swing point low for May the 20th inside the ESMini. That low out there is 38.0750. As long as price closed below 39.4950, that's the top of that profile, that will really be its message. So let's summarize the ESMini out here. Intraday, there are signals where there's a bottom attempt. If it's going to take hold, that's going to mean anything. You're going to need to see a close above 39.18 out there. The longer term charts, the five hour and the daily charts are suggesting that price still wants to continue to move lower. However, that lower in the ESMini could just simply be down to 38.85. Now let's go take a look at the NQ out here. Let's get those charts up on our screen. This will take just a moment here to populate. And let's see here. Okay, good, good. All right, so when we take a look at the NQ, the NQ is well below the top of its May 20th swing point. That suggests it might want to get down to the bottom of that level. The bottom of that level is out at the 11491 area. Let's go back and do this in reverse order again. Let's start with the five minute chart here for the NQ. What kind of signals do we have? You've got nice rogement to indicator signals. So certainly attempting to form a bottom. Resistance out here, I'd say the real resistance level that I'd be looking at is 11921. If price could close above that, then you'd be looking at 12064. Right now, if price closes below the low, that's at 1182425, that tells us that we're headed to lower ground out here and that's back to that May 20th swing point low. Steve Rhodes with TFNN, we'll be right back. At the time of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd feasibility study which resulted in a seven million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. 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Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Folks, we've got a question inside the tiger's den to go take a look at Goldilocks. So those are the charts that we've got up on our screen out here. And the question is, and I assume it's on a daily timeframe, which is to take a look at a potential Gertley buy pattern. So Gertley pattern or buy the D point pattern, really you've got to have an A to B equal CD. So here's the daily timeframe chart here. So the A to B point, the A point's gonna start with the high on March 8th. That's gonna move all the way down to a low that forms on March 29th. I don't have the C to D drawn in here, but that B to C leg, that C leg ends on the trading day of April 18th. So that high then begins that C point. Now I've just used the exact one-to-one extension, exact same angle of A to B as we've got here, C to D. So that tells us we've got to look at this stage here for a bullish reversal candle. So Coder, in my line of work, and I really suspect, I really suggest that everybody do the same thing here. The purpose of Japanese candlesticks is to confirm patterns. Candlesticks in the middle of a move are just interesting, but candlesticks at the end of a move, that's where you really get the payoff here. And so on an A to B equal CD pattern, the way that it gets confirmed is with a bullish reversal candle. If you just bought or sold every one-to-one A to B equal CD, I can guarantee you, this I can't guarantee much, but one thing I can guarantee is you would have your arse handed to you. Don't do that, wait for the market to communicate. The market's responsibility and role is to communicate to us. And the way that it will communicate that a pattern is complete, on an A to B equal CD to the downside, it'll generate a bullish reversal candle. Now, in this case here on the daily, we might have the same pattern on a weekly. So we can take a look at the weekly chart out there. If we get a nice confirmed bullish reversal candle on it, then okay, but we don't. If you take a look at the weekly chart, we do not have that. Now today happens to be a bullish and golfing candle. So here's your confirmation. Today is your confirmation. Not before today, there's not been a bullish reversal candle before today of this A to B equal CD. But at the same time now, and the cool thing here is, if gold is gonna prove itself to us, what does it need to do? Pretty simple. It must close above the top of its daily profile. That's what it's done. It's really run today, it's run the gamut. And the gamut has been, it's made its way down to the bottom of the profile in the 1824 level and it's made its way up to the top of the profile and that's at the 1879 level. So what you really wanna see here is a close above 1879, and really two consecutive days to then say that today's Gertley buy pattern or buy the D point pattern is gonna go ahead and take hold out there. And if it does take hold, where's price gonna head to? Well, the first price target would be the oscillator and change line. And that is at the 1893 level. And if price can close above that because it's green, then that would tell us about a move up to the 1959 level. So we're gonna take this one step at a time. From an inter-day standpoint, the interesting thing here on a five-hour timeframe chart is when gold topped it, topped with ATD nine count top. So, but it didn't, let me get my cross here. It did it at 2300 hours on June the second. So the cool thing about this pattern is that if price can close above this level, it does not have to close above it today. But if it does close above 1878.60, that's gonna tell us about a move higher. That quite frankly could set up an A to B, would set up an A to B equal CD to the upside. But your next resistance level would be in the 1919 area. That's based upon a five-hour timeframe chart out there. So, nice action today in gold, nice reversal. But quite frankly, all that it really was doing was testing support, which has now led to a test of resistance. But it's positive out here. And as I look to the inter-day signals, I don't have an inter-day signal, I'll then get back to prior resistance out there. So I hope that helps you out. Now, to finish off gold here, remember the most important thing in a rally for gold, or quite frankly for any instrument, but most certainly for gold is what? That it's moving higher in every major currency pair. So now let's go take a look at those. Thought I said on that tab. Here we go. So on the left-hand side, you've got gold priced in dollars. You can see descending trend lines on each of these things. Next to that is gold in euros. So nice movement today, gold in dollars, nice movement to the upside priced in euros, nice movement to the upside priced in yen. In fact, in yen, it's almost back to a new all-time high out there. And nice movement today priced in pounds. So what I would say is, even though we're trading up to resistance, what we have at least as a signal that gold is really rallying in all these currencies. And therefore a close above that 1879 level is really what you're looking for as well as a continued move higher for gold in all the major currencies. If you get that, then what you have is in fact a nice rally out there. So hope that helps you out with regard to the question about the A to B equal CD to the downside. Let's go to our next question. Next question coming in from Jared. Jared L writes in. Geez, what the heck happened? I hate this new iPhone stuff, email. Okay, Jared writes in, Steve, I was looking into a long-term position that may be more stable. Stay, I know more stable than what. And this one actually pays a good debit. QYLD. So let's go by, I'm not familiar with that ETF out there. I assume that's an ETF. Maybe that's a bad assumption. But let's go take a look at what Q, Q, what is it, QYLD is communicating to us. We'll use our multi-time frame charts out here. Give me a moment, we'll change screens. Otherwise, Mr. Bill's gonna bop me upside the head, say, hey, you're talking about one thing and showing something else. So here's the QYLD chart. You're looking to take it a long-term position. Well, the monthly chart, we don't like that, so I don't see any kind of bottoming signal here. Let me open this up, see if there's anything else, because we go back in the left-hand side. Yeah, so I don't like this. I think it looks like the monthly chart says, you might be able to get into this position at a lower price. The weekly time frame chart says what? So the weekly time frame chart shows a hammer candle and a confirmed rogment of indicator bottom. Now that formed out here the week that ended May 13th. We have not seen a close below that hammer candle, so support has held. But if you were to get a close below 1762, that would then signal lower price. Now there's a new profile in place out here and price might find support at it, that's at 1768. So the daily, weekly, the weekly has a confirmed bottom. The monthly says, I'm not so sure about that. What's a daily time frame chart tell us? Daily time frame tells us what? Tells us that this formed a TD9 count top, but did it yesterday, the following bar number nine. So Jared, here's what you wanna do. This should pull back to approximately the 1764, 1768, 1747 level. That would be your potential buy zone out there. So what you'll wanna do is you'll want to navigate, I suppose volume on any kind of a pullback into that area. And on this ticker symbol, the volume at the swing point low, which was May 24th, that had 7.4 million shares. So ideally it will get back into that area. When I say that area, the top is at 1756. And if it's doing it with less than 7.3 million shares, rejects that, then maybe you have a buy point into that. I'd just be concerned about the, I would just be concerned about the monthly timeframe chart. The other thing that I would certainly mention to you is expensive, maybe you already have done this, I don't know, but I would go take a look at what the holdings are inside of this. Understand what the holdings are. Usually the top 10 oftentimes, not always, but oftentimes the top 10 holdings represent 50% or thereabouts of the ETF. And so you only have to track really 10 instruments out there. But I would most definitely do that with regard to this instrument out here. So I do hope that helps you out. Thanks so much for taking the time to write in. Next question, coming in from LB. And LB says, hey, hope your day is going well. It is, can you take a look at URA? So absolutely. So let's get this fired up here on these white screens. We're going to a break. So that's a perfect opportunity to let these things populate. I'll leave that screen up on the chart for anybody inside the tiger's den. And they'll be able to tell me what the charts are telling LB. Steve Rhodes with TFNN, we'll be right. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. 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Using this first-of-its-kind program, the Art of Timing the Trade Charts allows you to scan thousands of 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 gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss 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're taking like a uranium out here. URA is the ticker symbol. And so what we see, all I really see is native E-equal seeding of the upside in the daily timeframe that we talked about, I think, the last time. The A-point down here on May the 12th. We'll just draw this in, so to speak. So here's our A to B point. That B point being the high from May 31st. And there was a one-day retracement out there. It was close to 0.382 retracement, so I'm comfortable with that. That low is still intact out here. This is what the A to B-equal seeding looks like. Geez, why won't it take hold? Grab it. There we go. There we go. So here's the A to B-equal seeding pattern. As long as the low, the low from June 1st holds, which is 2,132, that's the pattern that's in play. Now, what Price has done here today is pulled back to support. That's the bottom of its bullish structure daily profile. And that's at the 2,161 level. So that's what I see when I take a look at uranium on the daily timeframe out here. No reason to jettison your position, at least not yet, especially while that A to B-equal seeding pattern is in play. On a weekly basis, Price this week ran into resistance at the oscillator and change line. But at this stage here, that doesn't look like a big deal out there. So I hope that helps you out with regard to uranium. Let's go to our next question out here. The next question, where did that go to, was inside the Tiger Zinno to take a look at DocuSign, DOCU, that's having basically a horrible day. So let's let these charts here get populated. But the question is, is DocuSign is pulled back to some type of level of support? That's what we're gonna go look at out here, whether it's, well, I'm looking at my other screens and it has not pulled back to a profile level of support, where that's daily, weekly, or monthly. It is trading into a swing point. So I'm actually going to switch screen since it's easier for us to take a good volume and what's going on at that swing point than it is on the white background charts. So now let's go ahead and open up the daily timeframe chart here for DocuSign. We can see the swing point. We'll just expand this out that it's trading into. We'll put a line across that just so everybody can see that. That's the swing point. Well, we were gonna try to put a line across it. And we are gonna do that. See where it's trading. And that's trading down at the swing low for May the 12th. That's at 64.84. There was 5.2 million shares. Now, Dan, price has pushed into it with 32 million shares. So in one sense, you got all that volume and it's holding, right? So it's a good sign, a potentially good sign. But because it's pushing into that swing point with volume, it should push back down into it. Not on if that means Monday or Tuesday or Wednesday or Thursday or Friday of next week, but because you're pushing into a swing point with volume and it hasn't cleared the swing point, it would need to at least close them up to reject just the swing point. Forget about the volume issue. Close above 70 to 15. So this is suggesting that price will get back down to a level. Maybe it's a light volume test that you could consider taking a trade. It could consider it. Now, let's look at the other timeframe charts out here since we're on this black background chart. The weekly chart is pushing into that same swing point that had 29 million shares with 56. Let's look at the other, the white background charts. Just looking to see if we can find any kind of pattern out or change windows. Give me a second to get there if you would be so kind. And on the monthly timeframe, there's a TD nine count potential that would form between this month, June and July. The weekly chart now, actually it did it before. So the weekly chart actually had confirmed a rogement to indicator bottom. And it did that the week of May 27th. That was one week above the top of the profile. The next week it got below it. So there was never really a breakout message. So what does this mean, jelly bean? Well, right now with this closed on a weekly basis, if it closed below the low of that bullish and gulping candle, which will look like it will, that's at 69.78. That says that that rogement to indicator pattern on the weekly basis had been negated. It's void. So you would need another, I knew bullish reversal candle to confirm a bottom there. So it does bear watching out there on the weekly timeframe chart. Monthly's got the potential for a TD nine count pattern that could complete in June. The daily also has that rogement to indicator signal triggered. So that says if you got a bullish reversal candle, now I've got that gap to contend with, but if you had a bullish reversal candle, that would confirm a bottom. So I'm going to summarize like this. You're pulling into a swing point that is held with volume. Price should get back down into that level. I'd say sometime next week, it might test that of course it blows through that. That says we had to lower price. You would say lower price to wear, lower price to wear would be 45, 52 as one level. That's the monthly TD nine count breakout level. How about that from 320 all the way back to its breakout level hasn't gotten there yet, but very likely could at the 45, 52 level. So Dan, I hope that helps you out. Thanks so much for the request. We also had a request inside the Tigers then to take a look at Rivian RIV and is the ticker symbol. Let's get those charts fired up here. I'll look at those on my black background charts. See if there's anything that sticks out. Right now I can share with you that Rivian is trading with inside its daily profile out there. That's between 26, 27 for support and 28, 44 as resistance. It is below the bottom of its weekly profile. Something to form two weeks ago, that's kind of a bearish signal. It's not kind of, it is a bearish signal. So now let's come on, finish up loading here. Don't know why it's taking so long, but it is Rivian. Monthly chart hasn't traded long enough to get any kind of important information from it. So we will just simply pass on that. The weekly timeframe chart says, if there were to become a bullish reversal candle, that would confirm a roadsman to indicator bottom. We don't have that. You can see the profile above price, not a good thing. If we look at the daily timeframe on Rivian, what has it done? It has done a lot of damage. So certainly there's an A to B equal CD pattern to the downside that was confirmed on May the 12th out there. So the daily timeframe says, maybe there is something here. We've got a couple series of lower highs. Couple series of lower highs, one series of higher highs out there. So there's potential. So what I would do is I would watch the support area on Rivian. And again, that's between $26.27 to $26.99. If price were to close below $26.27, then you probably set up an A to B equal CD to the downside pattern. But that should be support. So I do hope that helps the requester out with regard to our IVN. I think we've got another, I think I've taken care of everything inside the Tiger's Den. If I have not, then I've overlooked it. And if you'd be kind enough to retype a message either to me personally, if you could send me the private message then I won't miss your request out there. And that would be much appreciated. We do have requests that has come in by email. It's from Yvonne. Yvonne says, can we analyze hood H-O-O-D? So we'll definitely do that. As an ETF, I just can't remember what it's for. And the question is, can we identify support and resistance points? And you also have a wonderful weekend, Yvonne. Thanks so much for writing in. So we're waiting for those charts to populate on our white background charts out here. W-O-O-D is the ICRS Trust Global Timber and Forestry ETF and it's looking pretty darn bad out here. Did it, yeah, okay, it's working. So let me just switch over to the black background charts. We'll switch back to the white if it reveals any important information. Right now, Wood is pulling back and testing the bottom of its monthly profile out here. That monthly profile is priced at $81.42. Granted, we're only 10 days in, calendar days into the month out there, but still not looking good. They're below weekly profiles. Where is this headed to on a weekly basis? So you're below, this could easily pull back into the January 25th low. That's down at about $78.62. Do we have any other kind of pattern out here worth noting? You know, it does have a consolidation. So on Wood, you can also use the consolidation measured move approach. And it would look like this. We're gonna draw on that consolidation pattern. I think this is pretty solid. So now that it's below that consolidation, Wood is, I'm just gonna copy it, I'm just gonna move it down. Looks like Wood would likely be targeting to the downside about $71.14 out here. That's coming from the weekly timeframe that we're looking at. The daily timeframe shoot, it shows that we're below the bottom of its profile yesterday and today. Volume-wise, at the swing point, it's taking out, you're taking out with volume right now. So this sets up an A to B equal CD to the downside. That pattern looks like this as we draw it in. B point being that low from May 12th. The one-to-one A to B equal CD gets us down to a price objective of 78. The one-to-point to 72 is 75.19. That's on ticker symbol, W-O-O-D. 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We were looking at wood and wood. Both at the same time, the white screen had the wood charts, the black background charts had the wood charts. So it's wood and it is Robin Hood markets out here. So Robin Hood right now is testing at swing point from May 13th. That swing point at 48 million shares. You're testing on much lighter volume out here. You're testing so far on 15 million shares. So 771 holds, that's a slight positive out here, but that's the only slight positive. I didn't see any kind of bottom signal on those white background charts. If you're looking to buy this, I don't think that's enough information just rejecting that swing point out here. So at this stage here, I'd look for some kind of sign of strength or something off of the bottom. We don't have that. We have signs of weaknesses in this instrument out there. So at this stage here, we're gonna say, we don't see anything inside of Robin Hood. The ticker symbol there is H, double OD. My apologies for having really two sets of charts up at the same time out there. Let's go to our next request. Our next request, so we got Dr. Son, we got Rivian. I believe it was to take a look at the Euro and I think there was some of the 30 year treasury. So here, if we take a look at the Euro out there, the Euro's got a nice monthly TD Nike out bottom. Now, if that fails, then it's really bad news for the Euro out here because there's nothing below the failure of this pattern other than getting back to the 2000 and 2000 lows out here. So what I mean by that is there was a TD Nike out bottom that formed, it was last month, it was the, am I showing the right chart? Nope, hold on, sorry, sorry, sorry, sorry. Okay, so now you've got the white background charts. We're all looking at the same thing. That's a beautiful thing. And you can see the TD Nike out top that formed last month, there was a bar following bar number nine. So that low is really key. That low was 1.0349. That would, if you got a close below that, well, you'd be below its breakout level and that would say Geronimo to the downside. Now, if that happens, you know how today's market is pretty poor and pretty bad and you know how basically most everything that everybody's been posting in the den is gloom and doom out there. There will be even more gloom and doom in the markets. And what's on the news, but guess what? If the Euro breaks through this level, this TD Nike out bottom fails, there is going to be a flood of capital from Europe into the US and it's going to push our US markets higher. And you and I won't even need any technical analysis out there because we'll have fundamental analysis, which is a flow of global capital into the US and we will take off screaming to the upside out there. So you do want to watch this monthly pattern here inside of the Euro because if it fails, on a monthly basis right now that tells us we had lower and that the US equity markets would really gain some traction out here. Now, on a weekly basis, you've also got a buy the D point pattern. Certainly there's A to B equal CD patterns that were confirmed with that bullish and golfing candle, but now prices back below red oscillator and change line. That says we have a falling price oscillator below zero for the weekly timeframe. That is a bearish condition. Says we get back likely and test the low or do we take them out? Well, if we're going to take them out, that signal is going to come because we have a TD nine count on a daily basis and price is now below that red oscillator and change line. So price should be able to get back to 1.0428. If we get a close below that, that's really going to jeopardize the monthly timeframe signal that you and I were looking for. So quite frankly, everything inside the Euro right now is setting up for a huge. Did I say huge? Did I mean gigantic? I meant gigantic and huge. The combo of them gigantic and huge move in the US equity markets. You probably will not hear that too many other places out there. And all you have to do is just understand the global fold of capital, quite frankly, will trump everything, trump everything. Now on a closing basis right now, you have the Euro that is penetrating its closing low from back in the 2000 and 16 timeframe. But the charts that we looked at in that pattern used candle six, which is what we should do out there. But the Euro is threatening. And again, there's no floor. There's nothing else below this level inside the Euro to move higher. Like if you want to understand, I know people will call the dot com bubble, I got that. But you had global capital flowing here and it was going into everything. It was the global flow of capital that pushed the markets higher in 2000. It was the global flow of capital out of Europe that set off the roaring twenties. I'm not talking about the 2020s. I'm referring to the 1920s. And guess what? Our markets have been pushing higher and the Euro has been pushing lower since 2008. And I know we like to believe out there that our markets moving higher were all based upon QE, Huey! I didn't say Huey, I said Huey on that. That's not the case. Yeah, it contributed, but this contributes just as much out there or perhaps more. And the people that everybody says gets so tied up into a quantitative easing. Yet most of those people that like to talk about quantitative easing have mortgages. And what's been happening to housing lately? What's been happening to mortgage? I'm not talking about the last couple of weeks out there. Has that market expanded? And what do people put down on a house? Where does the rest of that money come from? Let's just say the 95% of it. Out there you want to talk about putting money into a marketplace and you think it's just the Fed that's doing it? And you don't want to even take into consideration what goes on with mortgages? Come on now, we have to be real. We have to step back and take a look at that stuff out there with regard. It's not as simple as one thing out there. So don't just blame everything on the Fed and certainly don't believe that the Fed's gonna control inflation out here. Not the type of inflation that we've got. It's just gonna make matters worse. We've talked about that race and interest rates is just gonna make it more costly for all businesses to do business in a supply shortage market. That doesn't sound like a great formula to Stevie out there. All right, so the question was to take a look at the euro, I've done that. I've gotten off my soap box out there. Although that's a soap box that I really believe in and maybe I've gotten one person to hear what I've said to then say, hmm, something to think about. Now let's try to take a look at the 30 year treasury. I'll get that up on, we're in the September contract here. We'll get that up on my white background screens. But in the meantime, oops, I've got to actually type in the correct symbol. So give me a second here, if you would. DB, number nine dash 22. So we'll get these things to populate but we'll also go take a look at my other charts out there. We'll get to the four panel, 30 year treasury charts out here, get a feel for what they're communicating to us. Big picture, so we'll change the screens, we'll go over to them. Oh, we're on the black background screen, perfect. So here as we take a look at the 30 year treasury, what do we know? Well, first of all, from a profile standpoint, prices trading below all profiles. When I say all, I'm referring to daily, weekly, monthly and quarterly profiles. When you trade below support, that's what the bottom of profile is, says you want to have lower. Had a lower to where? Well, there's an A to B equal CD pattern that's certainly in place when we take a look at the monthly timeframe chart, and that says 131.22 would be the next likely move to the downside out there. Doesn't say that's where price ends. The 1 to 1.272 expansion, which is more likely where price would head to, would be 121.71 out there. And that makes all the sense in the world to me, the US dollar index is moving higher, which it typically does before wars begin, as sovereign nations really start to move their portfolios around. And so in the US dollar index, is the place of the US dollar, I should say, is where it is that is the safe haven out here. And if there's, and everybody knows that there's issues in China, and if there's a potential of a war in China out here, and they're a holder of treasuries, who do you think is selling into the rallies? Exactly. So we've got a lot of risk exposure that's going on here that they're trying to get rid of. And in this case here, longer term, bigger picture on the 30 year treasury, 131.22, 121.71-ish area, is where price is likely at zero to TFNN. 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. 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. 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And the reason is because when you get to support levels, what you then do is go down to those intraday charts and look for some kind of signal. So the support levels in the ESMini again, it's the bottom of the weekly and bottom of the daily profile. So far, tests are rejected. In the NQ, it's the bottom of the weekly profile. So far, tests are rejected. In the Dow Equity Future Contracts, it's the bottom of the daily profile, tests are rejected. In the case of Russell 2000, it's not a profile level. It's a rising trend line. It's been traded between trend line support and trend line resistance out there. So now let's go over to, because we only have about a minute with each other here before we head out for the weekend. Let's go take a look at our 30 minute timeframe charts. So to do that, here we've got the ESMini. And what we can see inside the ESMini as we speak right now, Roadsman to Mindicator signal, a new profile that has formed, that new profile is a very bullish in structure. What do you mean by that? What I mean by that is the bottom and the center are at the exact same price level, 39.11. So that is a real key level of support. If there's close below that, says we have lower. But otherwise, you've got a Roadsman to Mindicator bottom. You've got a nice profile that suggests that price should be able to make its way to 39.73. We'd have to go investigate other charts, other interday time period signals to take a look at that. The NQ has got wave number seven established. So most certainly a good bottom. If we take a look at the Dow, when I say bottom, I'm talking about rally from here, counter trend move at this stage here. The Dow's got a Roadsman to Mindicator signal. If price can close above 31.600 on a 30 minute basis, then we're talking has moved to 31.935. And you've got a TD9 count bottom for the 30 minute chart for the Russell 2000. So you've got daily and weekly level really, daily levels on the NQ was weekly level support that held. You've got some interday signals, suggesting that there's gonna be some type of counter trend relief out there. Let's see if in fact this takes hold. But stay tuned folks. You've got two more great hours left. Your favorite polar bear, David whites up next. Tom O'Brien will take us on home. Have a fantastic weekend. I'll see you on Marvelous Monday. Take care.