 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 morning, folks. Welcome to the April 3rd, the magnificent Monday 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 is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift. In every set of circumstances, that life is going to toss at us. Now, today, you and I, we're 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 at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that, and that's this. During this next 53 minutes, I'm here to serve you. So feel free to pick up that phone. We'd love to hear from you at 877-927-6648. Now, if you've got a question which you can't call in, you can always send me an email. For that, send that out to Steve at tfn.com and inside that subject. And if you'd be kind enough to put radio show question, of course, if you're inside our Tigris, well, then any and every ping will do. So let's go ahead and get this show started on magnificent, marvelous Monday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. A bit of a mixed bag out there. That mix is coming from the Dow and the New York Stock Exchange, both traded the upside while the others are not. The S&P is off 7.5 points. The Nasdaq 125, that's about 1%. Eight-tenths for the Russell, 14, 15 points. Summary is down 51, one and a half percent. Trendy is up one and seven-tenths percent. That's a 253-point move. Gold is up 16 bucks right now, trading at 2002, while silver is down two pennies at 2413. Light's recruit is up $4.09. It's natural gas up 12 cents on a 30 Treasury. Printed out at $13209, that is up 1.4 ticks. Lead the charge, dollar-wise to the upside. We've got Hesket Corp up 19 bucks. You're 20%, you're not at health. 16 bucks, 3.5%. Humana, 15 bucks, 3%. The OIH, obviously, with oil being up, that's up 5%, 14 bucks. Appellas Pharmaceuticals up about 11%. That's a 16% move. To the downside, Ascendus Pharma down 28% or 38 bucks. Mercado Libre, about one and a half percent, $19. Idex Labs almost 3%, or 14 to nearly 15 bucks. Equinex up 13 dollars, off $13, nearly 2%. And Tesla down 6%, that's a 13-point move to the downside. But let's begin by taking a look at what are the markets doing out here. Let's begin by taking a look at the equity-future contracts. What we have out here are A to B equal CD patterns. Inside the ES mini, your one-to-one is going to take you up to the $41.71 area. Inside the NQ, we're looking at $14,003. The Dow has already hit the $1.272 area, so it's next upside price target would be $34.135. There is no A to B equal CD pattern inside the Russell. It just has a buy the D-point pattern that has led to a consolidation with inside its profile. So we've got breakout, breakout, breakout consolidation with regard to the daily timeframe charts for the equity-future contracts. Everything is trading above the Apogee Pivot Points, meaning the ES and the NQ out here. So that is a bullish condition. If we take a look at the advanced decline outsider, this is where things get a little dicey. Dicey how? Well, they get a little dicey because it has achieved oversold status. Did it relatively quick out there and did that by getting above plus $150. Now, the cool thing about getting above plus $150 provides you and I with the very clear signal of the future. A future event tells us that we are going to see higher highs inside the New York Stock Exchange. Now, what it first needs to do though is work off that oversold condition. That's what it's doing as we speak right now. Now, it's not unusual, first of all, for Mondays to be Debbie Downer days out there. Did you know that? I didn't know that till this morning when I posted this chart basically inside the newsletter that took a look at the S&P 500 for the last 95 years. Not that we haven't looked at this chart before, but what I did notice on there is take a look at the lower left. Take a look at Mondays. Mondays hangover day apparently inside the S&P 500 just simply the worst performing day. Sort of like a too caught up in the fact that maybe it trades a little lower today where an oversold condition in Mondays over 95 years are basically the worst performing day for the S&P 500. Now, if we take a look at April, first we had a pretty decent march out here. If we take a look at April, April is the third best performing month. Really almost very close to December out there. So what should we expect? Well, we took a look at those A to B equals CD patterns that were underway. We know that we should expect to anticipate that the market works off this oversold condition. And once that oversold condition has worked up, where do prices head to? Well, they resume their price move up to their A to B equals CD price targets. Now, a real confirmation that this is a really likely outcome would be the Russell 2000 participating in that move. And that would require a close above the 1811 area. That's the top of its daily profile. We've got market conditions. If we take a look at just simply overall market breadth out here, New York Stock Exchange, the advanced client oscillator helps us do that. But if we take a look at overall market breadth for the weekly timeframe, the S&P has just slipped slightly back into the negative area this morning. Earlier this morning was positive. Only 93 trading above and 126 below. But otherwise daily week, the daily 240 to 16 minute timeframe for the S&P, they are in a bullish condition. NASDAQ is bullish all across the board. And if anything is going to move a market higher or lower, it's certainly going to be the NASDAQ and the semis out there. So market conditions, when we take a look at market breadth is also very positive out there. If we look at just simply intraday, what's going on underneath the coverage from a 30 minute timeframe, we can do this here. We can see we are in a bearish crossover that formed as we were coming on the air at about 1050 is when we got that crossover. Only 35 above and 297 below. So well, we go take a look at the intraday charts. That's for the S&P. We'll want to focus on the 30 minute timeframe. Same thing, same kind of setup for the NASDAQ out here where you've got, I think it's the same setup. Yeah, three above, 63 below. So what you and I want to do is go take a look at those 30 minute timeframe charts. Let me get those fired up here. See what kind of signal information they're providing for you and I, or at least where we can find some levels of support. So we got those popping up right now. We're going to change screens out here. Just see if there's any kind of signals, any pattern that you and I can rely upon to help us navigate through the 30 minute timeframe. So these are so populating here. So just give them a moment. I've got a number of tools that are running in the background. You can see the TD9 count top of the Russell 2000, as well as the Roadsman to Mindicator bottom. If we take a look at the 30 minute NQ, that's the upper right. That had already formed a Roadsman to Mindicator top. Its price target could be down at 13.057. We're at 13.160. That's, you know, another 100 points to the downside. So if that happens, that should be expected anticipated. Not like that would be a gigantic surprise. In the case of the ES mini, it has formed. It's got a wave number seven bar. It's got a Roadsman to Mindicator bar, but its level of support that it may be targeting is the current bottom of its profile, which is 41.14. So watch 41.14. The price would have closed below 41.14. You'll be looking at a move back to 40.82. And finally, in the case of the Dow equity future contract, it also has a Roadsman to Mindicator top for its 30 minute timeframe. Price right now getting back or appears to be getting back inside its profile. It's 11.14. This bar doesn't close until 11.30. But you do have supported 33.547. And then below that, its breakout level, which is at 33.037. So it would have gotten summary, Stevo. We've got very bullish conditions in the market. So bullish that it got to an oversold status, and that needs to be worked on. And once that gets worked up, we should see these markets resume to the upside. Steve Rhodes with TFNN. We'll be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the Euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018, and barely missed that mark again in 2019, finishing 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. Toll free at 1-877-927-6648. Internationally at 727-873-7618. In fact, folks, dials up 158 SBZ-6 NASDAQ's down 122, rustles off 18. We're taking a look at the charts here for ALTA, and this is for Monterey Moe inside the Tigers Den. So, Monterey, when we take a look at the ALTA charts out here, we notice that today is going to form bar number eight of a TD-9 count pattern out here. And my studies show that 90% of the time, when you do get to bar number eight, you will complete that TD-9 count. That says that we should expect and anticipate to see a top form in ALTA between today and Wednesday. The reason why I say between today and Wednesday is that I will form on bars eight, bars nine, or the bar following bar number nine. We also see that there is a roadsman to indicator signal that has been triggered. Those are the black diagonal lines out there. Now, those require various reversal candles to confirm. Otherwise, just tells you that the market is stretched out there and just simply puts you on caution. It's kind of like the weatherman saying, take your umbrella because it might rain out there. If we look at, so the daily says, we should see a short-term top between today and Wednesday. And now that top should take us back to support. Now, support here is going to be really three different areas. The first level is going to be exhaustive and change on. It's currently printed at 532. Below that is its profile level. So that was a bearish structure daily profile. When a bearish structure daily profile gets taken out and there's a move, there's a retracement back towards it where price will find support. If it's only a countertrend move, in this case to the downside, price will find support at that center. And that center is 527.21. The top is 529.37. That can also be a support level out there. So those would be the support areas to be watching on a further pullback. On a weekly chart, what price did last week was it negated a TD9 count top and closed above resistance, the top of its weekly profile. You're above a green asset or a change line. This is a very bullish setup for the weekly timeframe. And on a monthly chart out there, you have no topping pattern in place whatsoever. March took out a bearish shooting star candle that likely I could have found an A to B equal CD at the upside that that, so it doesn't really matter. It is bullish. So monthly bullish, weekly bullish, daily says you got to expect or anticipate some kind of retracement. Your normal Texas two-step out there, that's the way that the market typically moves up two steps back two steps, maybe up two or three steps out there. And so we can see here that yes, a Friday was bar number two of consecutive move sire. So it would make all the sense in the world to see a pullback out here, maybe just last for one or two days out there with regard to Ulta. The 30-minute timeframe chart, we'll take a look at it. We don't have many requests in folks, so no reason for me not to do a thorough review here. But if we do take a look at the 30-minute timeframe chart for Ulta, you've got that Roadsman to Mindicator top price consolidating with inside its profile. So on a pullback, what Ulta should do is find support in the 542.95 to 543.79. Opposite of the weekly or the daily chart, I think it was a daily chart that we looked at. This has a bolder structure, daily profile out there. Now price did close below 542.95. You could be looking to pull back all the way to the 530.15 level out there. We don't see that in the cards at least, not just yet. Finally, and lastly, let's go take a look at its seasonal pattern out here. We've got 15 years worth of data on Ulta. And Ulta typically, we're in the favorable seasonal period right there. That typically begins around the early part of March and then typically ends in the end of May, May 29th to be exact out there. But nonetheless, still pay attention to those signals here in the favorable seasonal cycle. That really adds to the idea of what we looked at on the weekly and monthly chart. It says, hey, on a daily, just expect or anticipate some type of retracement back to support. That either begins today, tomorrow, or on Wednesday. So moderate mode, I hope that helps you out. If you need any additional information, let me know what that is and I'll be happy to get that for you. Dan, inside our Tiger's Den, he goes by the A, B, C, D acronym inside the Tiger's Den acronym, which would be the, that's not the name. What's the word I'm looking for? Somebody knows it out there, but it doesn't matter. He wants to take a look at BBAI. BBAI is trading right now at about $2.69. And BBAI, it's really $2.74. I've got a little bit of a delayed feed out here for some reason. And this is a big bear AI holdings out here. So, Dan, as you know, you didn't need me to tell you this, but this is going to complete a TD9 count top today. So even though it is taking on profile resistance up to the 257 level out there, it's going to form, and it's also forming a TD9 count top below its breakout, a breakdown area of support at $298. So this is likely to pull back and test support. Now, support could just simply be, depend on today's close, could be $257. I would say more likely than not, it's more at about $205, the red oscillator and change line. But you would still watch 257 on a pullback. Likewise, you'd also look at today's high, whatever that is. At the moment, today's high is $2.85. If price, I don't know if that's going to be today's high. Whatever today's high is, if price closes above that tomorrow, well, then that pattern gets negated, tells you about a strong momentum move to the upside, but price will still need to deal with those sellers, and they're sitting at $2.98. That's the daily timeframe. Weekly chart out here just shows a consolidation with inside profiles. It's quite a wide range, about 20 to 615. Monthly chart, not enough time has passed for us to be able to gather enough data to provide any kind of profile information. If we look at a 30-minute timeframe chart, you do have a stretch pattern. That road's meant to indicate a signal. You do have a TD9 count top that is likely to form by 12 noon. And then that would suggest at least a pullback, and I'd be looking at the 250, 253 area out there. So VBAI, charts look really pretty good out here, with the exception that you should see a top form today that should take price back to support. And again, that support area either being 257 and price closed below that, we'd be looking at 205 as the price target area. So Mr. ABCD, thank you so much for your request out there, and I was just jostling you with regard to Phil winning the Masters, although he does have something to prove out there. He was on yesterday. I still struggle when I turn on the TV, and I love golf, as most people know out there, but I just, my mind just cannot handle watching the live tour. I don't like watching a NASCAR race that's going on at the same time. I can ever really figure out where they're at, the players individually, and I don't need anybody to tell me how to figure out that this scoreboard. I just don't have any interest, any interest, really whatsoever. I do have interest in watching those guys play, but and it was great sports weekend. Was it not? I mean, how about that game Saturday? Both those games were good, but how about that FAU game, right? With the seconds gone off the clock as the ball was in the air and and San Diego State pulled that game out. That was really, that was really a great, that was a great game. That was, if you're going to lose, that's a great way to lose. Although, you know, often said show me a good loser. I'll show you a real loser. So I don't think that they took it that well, but they did have a nice homecoming out here yesterday. In that event, no other requests that I've got either by email or inside the Tiger's Den. So what do we want to do next out here? Let's go take a look at something. What's that something going to be? Let's go take a look at light sweet crude. That should be a good something to take a look at. So let's get over to a set of charts and look at the multi timeframes out here. So if you give me just a moment, we'll just take a look at the daily on. So we got CL, we're in the May time frame. We've got 23. The reason to show you this, we had that nice gap to the upside. Yeah, we'll look at the Tesla for you. Dan, no problem. We had a nice gap to the upside. But what that is doing is we open up the daily timeframe chart here. So this would be interesting to interesting to watch is that price gapped up into its TD nine count breakdown error. That's an 8104 and this is forming a TD nine count top. This pattern will complete today at TD nine count breakdown resistance. So what we should see here is we should see light sweet crude pull back to support. Now that support level is all the way down at 72 77 out there. Of course, what we'll need to see is we'll need to see intraday charting patterns and signals out here. You've got a TD nine count top on the five hour. I don't see a whole lot of other signals out here that suggests that that top is about ready to perform just yet. See bro, it's with TMN. We'll be right back. 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 published a gold report with coverage of gold, silver bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report. Sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. Traders. 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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. TFNN.com and, of course, any ping inside the Tiger's Den. You've got markets still mixed out there. That was up 182. S&P is off 5. NASDAQ's down 115. Russell's off 16 points. We'll take a look at the charts here for Tesla. It's also for Dan inside the Tiger's Den. So it's an interesting chart here, Dan, to analyze. Here's what I've identified just in about a two-minute review here. So on Friday, as you probably know, we got a confirmed A to B equal CD to the upside. The swing point out here was from the trading day of March the 22nd. 150 million shares traded hands that day. And on Friday, you blew that away with 170 million shares. Now, that gives us a one-to-one price projection inside of Tesla. That should take us up to the 222.18 level. However, and this is the however, and this is why it's an interesting chart pattern to recognize, what price also did was a closed-insided swing point with lighter volume. The swing point I'm referring to is from February 16th. On February 16th, Tesla did 229 million shares. Remember, we went into it with 170 million shares. So we went in that swing point with lighter volume, and now we're back below it. So we're rejecting a swing point. At least today would appear, perhaps on, well, it will be on lighter volume. We're at 84 million shares as we speak. So that's, well, isn't it going to be on lighter volume? You know what? I can't say that it's going to be on lighter volume with certainty out there. So we'll have to take a look at days then. But if it is with lighter volume, which I suspect that will be, then that, and we're right now below its green answer and change line. Dan, what that says to me is that price should go target support. That's right now at 189.51. Really, support is at 195.06, but price is trading below that level. So we have to take a look at the next area of support inside of Tesla. On a weekly chart, we just have a good old-fashioned consolidation with inside its profile. We have the same setup inside the monthly timeframe chart. So what do we have going on intraday or in the Texas two-step chart out there? If we take a look at intraday, price is broken through its breakout level of 197.20. That suggests that we head lower. Head lower to where, well, the only real areas that I have out here would be this gap from back at around March of 28th as well as a swing point from March 28th. So those would be the areas to be watching with regard to Tesla, of course, on the daily timeframe. The area to be watching is really going to be the top of that profile. And again, that's at the 189.51 level. With regard to days up, days down, if we take a look at that chart for Tesla, we had three days to the upside. What do we typically have out here? You typically get those two bars, three bars, two to three bars out there. So it is not unusual to see Tesla go ahead and pull back today. However, it may have a bit more meaning with price getting up to that swing point, rejecting that swing point, maybe doing it on lighter volume and says, if you can't bust them up, you try to bust them to the downside, and that could take us all the way back into that 171.22 area out there. So you got to watch today's action and then see what happens if price should get back to support at that 189.51 level. So thank you so much for that request. I appreciate that. Sounds like grab the popcorn and just watch Tesla. Well, that's a possibility. You like popcorn? So we went to a movie theater probably about a month ago. It's called, what is it? Simboka. It's just one of those big 20 or 30 screen deals out there. And I don't eat popcorn too often. My wife who loves popcorn twice a day is not too much with regard to the popcorn. It was the worst tasting butter that I've ever experienced. We said, if we ever go back to that place for a movie, to watch a movie, which we will over time, we've got to bring our own popcorn, which is kind of a crazy thing to think about. I wonder if you have to sneak popcorn into a movie theater out there in any event out here. We've got a request to go take like a typical DBC. So let's go take like a DBC. I don't recall what that is off of the top of my head, even the bottom of my head. I don't know what DBC is, but we're going to take a look and try to figure out, is the Invesco commodity index tracking fund out there. Now, what we really need to know, a fletch about DBC, and let me just see if I can do this out here. So let's see what happens when we type in DBC, ETF, that'd probably be good. That is, we want to see as DBC holdings, right? So let's just type in DBC holdings, because this will have more of an impact on really analyzing what's going on. So Invesco, DBC tracking, DBC holding. So let's see what we've got here. Just going to Yahoo equity holdings. Where do we have the top five holdings are crude oil, crude oil, gold, what's AGP and HOK? What is AGP? Those are the holdings out there. AGPXX is 21%. Oh, that's 21%. What is that? You see, that's an index, I think. Let's see if I can pull it up. AGPXX. Yeah, I would know. That's not AGPXX. That is short-term investment government instruments out there. So the largest holding as of, so it doesn't say as of when, but the largest holding out here is short-term interest rate government instruments. Did you know that, Fletch? It came from Fletch out there, right? Let me see if we can find, so that's a pretty significant impact on what's going on. You've got 4% with regard to gold. You've got 5% for lights we crude. Brent, you've got 5% there. Let me see if there's anything else out here. That one's not going to let me do that because I don't have a subscription to it. But that's what you need to do is really try to figure out, let me just pull this up, is really try to figure out what is inside the ETFs that you're trading out here. So this does pull it up. Give me the holdings. Yeah, so I don't see that. All right, so let's just go take a look at the charts out there. But that's really important to do is understand what is inside the actual ETF. So that's taken to Fletch. Yeah, so you're showing similar type things out there in any event. So you've got crude oil makes up the most of it. So here's what we know about crude oil. So we take a look at DBC. We just take a look at lights we crude. Lights we crude showed us that it was going to complete a TD9 count top today. Well, guess what? So does DBC. So we know about the overall impact of, so you're really trading lights we crude, I'd say, for the most part out here. Yeah, you've got a few other things out there. So this is suggesting that we should see a pullback to support. Now, in the case of DBC, the first level of support would be down at $23.88. Below that, you'd be looking at $23.58 and below that $23.27. Weekly chart would suggest a pullback to about $23.78. The monthly chart is trading in a consolidation, but it doesn't have any momentum. It's below its green oscillator and change line. It could be targeting $20.34. Now you have a nice TD9 count bottom. That also was wave number seven. That most certainly held and took us up to create this TD9 count top. So now you've got just the opposite going on out here. And DBC is suggesting to you and I that it wants lower price. Now we would likely see that turn take place on a 30 minute chart out here. And on a 30 minute chart, much like we struggled with with regard to the lights we crude, we didn't really see a topping pattern out here. We don't really have that as we speak right now. Now granted, I could probably put in a sell the D point pattern. So I do see that. But here price is well above support areas on a 30 minute timeframe. The first one being $23.98 or thereabouts and below that $23.65. So what do you do if you're trading this thing? Because lights we crude, you know, that move to the upside, I think you put an adjusted stop. You just put in an adjusted stop inside what you're holding. And you wait to see how lights we crude trades and you pay attention to the patterns, the internet patterns out there. And that will provide you with probably the direction that it is heading. So Fletch, I hope that helped you out with regard to DBC. If you have any questions, let me know and I'll be happy to try to get to that information. Steve Rhodes with TFNN. You're right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com. Educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything, from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com. Educating investors. Are China A shares hot or not? If you trade China A shares now may be time to take a closer look. Trade CHAU or CHAD. Directions daily CSI 300 China A share bull and bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares at 866-476-7523. 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 fund are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Up 193 S&Ps off 4 and Aztecs down 126. Russell's off 12 points out there. Most of you folks know I live in Palm Beach County and I've got some family in town. I have a sister visiting and so we took her up for dinner up to up in Palm Beach and so in order to do that I've got to pass by Marlago out there. It has gotten crazy. We did not expect this and I didn't have my because I never really need to turn my ways on when I'm driving down A1A out there and I really should have because I would have seen the gigantic traffic jam and we had to pass it no matter what to get to really where we were going out there but when I say it's crazy they keep most of the protests they keep them on the bridge so they're they're out of our they're out of our line of sight but we had we had these guys it's first time and I go past there fairly often this is the first time I've seen guys with long guns all suited up all around the compound and they they they extended the height of the wall really quickly out there it's a so it's really and the problem was that he there was a function being thrown there that night too so it was really just a I would be glad when that gets cleared out of here in any event I thought we'd take a look at his natural gas I figure that's on most people's mind out there I remember on Monday on Friday morning when I was doing the early show between eight nine I don't recall who was it that asked about it was it you Fletch was it SNP I just don't recall who it asked about it and also we started seeing the turn and in all day long it kept you know wanting to pull the trigger to take a long position but I did not and and the reason I did not these are the following reasons one I just said you know what I need to wait to see what happens on the weekly chart the daily chart had already a signal that it was going to form at least a key reversal bar or appeared that it would form at least a key reversal bar we already talked about a key reversal bar that's when you're in a stretch condition well when you have a roadsman to indicator signal you're definitely in a stretch condition you need that bar to exceed the prior bars high and low we did that on Friday we did that fairly early on Friday and then you need to close one tick in the opposite direction so with regard to the daily time frame you do have a confirmed roadsman to indicator bottom that only gets negated with a close below Friday's low that low is at 2.2 2.074 so if you see a close below that natural gas is definitely not bottom my concern about the bottom here for natural gas that daily bottom out here and I played it twice and and I have not been successful two different times so maybe the third time is the charm out here but my concern was negating the TD9 count signal pattern that is that it formed back on February 24th inside of natural gas and so we closed just below that now the reason I didn't take that trade that and it was really close to forming a bullish hammer candle right so I mean it's like going to the close are you going to do it are you going to do it just need to close a couple pennies higher and it would have been an actual bullish hammer candle out there and then on a weekly base I could have said all right you you negated a TD9 count bottom but you formed a roadsman to indicator bottom so we're ready to move higher well we didn't do that what we do need is a bullish reversal candle in order to in order for that to unfold out here well we have on a monthly timeframe and the other reason I did not take this trade is because price closed below the bottom of its hammer candle now this is the continuous contract out there nonetheless it closed below the bottom of the hammer candle the bottom of that hammer candle was at $2.25 so those were the two reasons the weekly the daily was already proven itself to us but I've had the daily proven self to us a few times with the bottoming patterns on the monthly and the weekly so I said just time to be if we are going to move higher out here this is wait for real proof we had Mr. Bill ask about natural gas seasonality so let's take a look at that let's pull this over here by the way this is all did we take a look at all I think we did yeah so let's take a look at natural gas out here we are in the favorable seasonal time period when it comes to natural gas let's just simply expand it well first you can see this so this is just a well I don't know what time period that was here's five years five years says we basically should have bottomed in essence on Friday really back in the early part of March so there we go we're in a very favorable seasonal for the last five years how about the last 10 years out here well last 10 years that's pretty favorable isn't it Mr. Bill how about the next uh how about the next are the last 15 years yeah now if you take a look at this during the last 15 years if there was a month that you did want to invest in natural gas what month would that be just based upon the last 15 years worth of data there's only one month and that month would be April so maybe Stevie's just being a bit too picky here and really what we should do is just simply all go ahead and invest in natural gas we take only the last 25 years out there well March shows a little improvement in February but you see I have my March and April I should say but April is really but you can also see we're in that seasonal favorable seasonal cycle and finally we've got 32 years worth of data it doesn't change much it does say that March is typical over 32 years a better performer than April but in March we've moved lower not higher so seasonally speaking here Mr. Bell we're really in the favorable seasonal cycle but it just simply hasn't mattered and hasn't mattered for a long period of time out there so something else must be going on I don't know what that something else is but here's the deal and the deal is this we get a close we get a nice bullish reversal candle on the weekly chart out there and it may be worth taking a stab at it at least three I wouldn't take a look at natural gas as being a real long long term holding out there but we'll take things one step at a time as they unfold do seasonality on natural gas Steve exactly Steve exactly she's doing I apologize Mr. Bill I don't understand the comment but that's just me since me not you thank you you're welcome no other questions I've got at this moment nothing by email so quiet day out there what do we want to I've got to what do we want what do we want to go take a look at so we've covered we covered gold we covered how much silver I don't know what we covered let's just take a look at silver right now so let's put up a silver contract this is the May contract that it is trading in so let's go see what silver is doing out here I believe silver has a TD nine count pattern but let me just make sure as these charts here populate does does up 198 s and p's up three right now so it's working off those losses what the heck happened what it oh I'm on the wrong place geez Louise Stevie wait the heck up sorry just let me correct this here folks will take just a moment and then let me get it to the actual chart so I was still natural gas trying to change that trying to change that and it's like Stevie what are you doing here let's get back to just simply this set of charts up here our lights we've crewed let's put up silver let's take a look at that May contract let's see what it's doing let's really focus in on the daily timeframe and I'll recall the pattern off the top of my head but we're going to refresh our memories here momentarily so the daily does not have a topping pattern okay it does that's only in bar number seven of a TD nine count out here so that's not an issue it's just got that a to b equal CD pattern out here but it does look like a price wants to continue to move higher now this is also a key reversal bar and so the a to b pattern out a to b equal CD pattern looks like this I'll just simply draw it in most of you can visually see it you can easily see the a to b point out there and then I'm just going to simply move this line over to where that retracement took us to it was just simply a one bar retracement but it was enough for retracement come on oh it's going on the keyboard here there we go so now this gives us so we can see we're at the one-to-one level if you do get a key reversal bar today that says we could see a pullback with the price of 23 22 or thereabouts being a likely price target so that's the daily timeframe chart for silver interday you've got TD nine count top on the 240 roachman to indicator top on the five hour the same on the two hour the same on the six dot TD nine count top now on the 60 minute chart 30 minutes got a roachman to be so you've got all kinds of silver tops out here how about that pretty much across the board and the key reversal bar on the daily timeframe Steve Rhodes with TFN I'll try to figure out how to close out the show as soon as we get back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFN dot com TFN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFN dot com the opening call newsletter is written by basal Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal Chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFN dot com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at TFN dot com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today TFN dot com educating investors TFN has launched the tiger's den hosted at discord TFN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigers is for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFN dot com welcome back folks so i've been trying to find you a morsel of information you know what is that stevie can leave you with at 11 54 in the morning out there and i've never done this before that this is a take a look at the 10 minute charts to say hey here's what you should kind of focus on but the 10 minute charts consistently do have roads meant to mitigate our tops there's a number of topping signals on the es mini but some of those are the four hour and the five hour charts and they don't really complete until 2 p.m so i don't want to head there so here we take a look at the es mini roads meant to mitigate our top on the 10 minute chart watch 41 24 25 that's the real key level i'd say to be watching if price close below that we're headed lower there's another breakout level of support on a 10 minute time frame chart that next level would kick in at 41 17 to below that 4109 so watch 4124 inside the nq out here this has a td9 count top that's taken price back below its first level of breakout support at 13 193 the next level is at 13 130 if price close below 13 165 on a 10 minute basis which is the bottom of its 10 minute profile that would suggest that 13 130 here becomes a target in the case of the 10 minute dow equity future contract also roads meant to mitigate our top our price right now is within sight a profile that profile support is 33 601 watch that level a close below that and we should see 33 446 a close above otherwise we're just consolidating with resistance around 33 692 and then followed by 33 723 the Russell it's got roads meant to mitigate our top out there it does have a hammer candle so that's cool about that chart if price close below that then what we likely have is an a to b equal cd to the down you'll be able to draw that in so watch the level of 17 93 30 a close below that you likely have an a to b equal cd to the downside inside of the Russell 2000 I guess lastly what we'll do is let me show you where the dow is headed to where its price target is so as we take a look at this we're going to go take a look at descending price channels out there for the weekly time frame and that's likely where it's headed to that's the red diagonal lines that you're looking at you can see you have a horizontal trading range also at 34 152 that's your significant support level out here we take a look at the dow which has been trading really between the range of 31 530 up to 34 152 folks stay tuned for all the great programming thinkorswim is up next and I will see you tomorrow on terrific Tuesday I'll be back with Tom at about 315 take care folks thanks much for joining us