 The following is a presentation of TFNN The Traders Edge with Steve Rhodes All now toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks. Welcome to the April 8th a magnificent Monday edition of today's Traders Ed show. I'm your host Stevie Perseverance Rhodes Who I absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past Hope you've enough there's having a great day and let's make sure we have an extraordinary one Now the easiest way to do that it's 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 Circumstance that life is gonna toss at us now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you And I at just past 11 o'clock in the morning. I do 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 I'd love to hear from you at 877-927-6648 But if you've got a question and you can't call in we've got you covered You can send me an email send that off to Steve at tfnn.com Inside the subject heading, please put radio show question Of course if you're inside our targets then well then any and every ping will do so let's go and get this show Started on a marvelous Monday. Of course. This is Tiger financial news network. I'm Steve Rhodes Welcome to the show. We begin our day with a sea of green at least with regard to the US indices They're all trading the upside Dow's up 74 S&P 11 Aztec 144 Russell's up 12 some ice 27 trend is up 78 You've got gold trading up three bucks silver's up 30 cents likes recruiters off 76 pennies natural gas up a nickel 30-year treasury printout at 1 16 13 our leaders in the clubhouse to the upside Micro strategy about $87 nearly 6% modeling the power systems 29 bucks nearly 5% Destiny tech 100 ink don't know what it is, but it's up 37% That's a $22 move coin bases up 12 bucks as mill holdings is up 11 to the downside It's super micro SMCI off 26 bucks nearly 3% you got period network down 8 bucks 37 percent root ink down 8% 7 bucks Eli Lilly off 7 Dell technologies down 5 we'll take a look at that We've got a request to look at that Nvidia is off 5 bucks as well. So let's begin. Let's begin here Let's begin with the daily equity future contracts We touched on them slightly during the opening during the 11 o'clock update if you take a look You got the ES upper left and Q upper right now a lower left Russell 2000 lower right now The Russell last week formed a new profile formed it on Monday price being consolidating within it This profile formed above price. That is from a profile standpoint. That's a bowler signal That doesn't mean price can't close below it and get a change in trend It's just from profile standpoint It tells you the trend for its is for it is to the upside particularly the ES mini You can see you've got a new profile template form was supported 52 19 Resistence at 53 19 if you look at the end queue supported 18 163 Resistence 1855 now there's resistance above those levels because they have roads meant to mitigate our tops at higher prices 53 33 54 the ES in 18709 for the NQ the Dow's profile bullish and structure So that would tell us we would want to really watch the center line The center is at 39 312 price trade at 39 307 as we speak a close above 39 312 Increased the odds that price would make its way up to resistance resistance up at 39 909 It also has that roads meant to mitigate our top at the 40 358 level and we just have a consolidation right now Inside the Russell 2000 that's between the supporter of 2081 and resists up at 21 38 So that's how we begin our day. We do not have new profile levels if we take a look at what's going on Just our normal market update here. We do not have new profiles for silver or gold Or really anything else in fact the 30 year Treasury you can see it's a to b equal CD down pattern That had the price projection of 116 31 we got down to a low of 116 31 You gotta love how that works out there. That doesn't mean it's a buy It could be a buy Stevie would suggest especially because we're below profile levels You would wait for a bullish reversal candle to confirm that pattern. Why it was a 52 percent retracement odds Favourite increase the odds of doing more than a one-to-one when you do less than a point six one eight retracement that next price Projection level to the downside will be 115 but you need to be paying attention because you could end up getting a bullish chamber candle at They Zen I'm not saying you're going to I said you could do that to take a look at natural gas You can see the consolidation with inside his profile levels that 1.8 79 is a key area of resistance So let's flip over from these charts and let's go take a what's going on interday How do we know what's going on what the markets are gonna do from that point forward? Well, we're gonna begin by take a look at those 120 minute timeframe charts Why because that rally that we saw on Friday? It was a beautiful thing and where peaked out was a TD 9 count top both for the ES the NQ and the ym I said both and I just gave you three That was really smooth Stevie if you take a look at the ES mini It's TD 9 count top the high of that pattern is at 52 72 50 a price close about 52 72 50 for an hourly Time frame right now on a candle that completes at 12 noon about 48 minutes from now But a price close above that is then going to suggest a move to 52 96 Now we can see that any moves lower have found support at the oscillator and change line Yes, there's other profile support and breakout support out there, but right now that 52 40 ish area has held the support That's that 120 minute oscillator and change line if you look at the NQ It also has a TD 9 count top the key level there to be watching is up at the um 18 I'm sorry the 18 408 25 level now the profile that remains in place here is one that's been in place From since Friday. So there's other resistance levels if you get above that It negates that signal, but then takes us up into other battleground areas 18 4 13 18 4 65 Uh 18 5 68 out there But you want to still watch the high of that pattern a price close above it Would suggest that we had higher in the case of the dow equity future contract The dow's got resistance or but well first the trade in and resistance right now Which is the top of its 120 minute profile at 39 3 22? So that's an important area to watch but the more important area to watch to the upside would be 39 369 A price closes above that well then there's no longer any resistance because price would be above profiles unless a new one forms Out there obviously, but that would then suggest that it could or should run higher in the Russell 2000 Doesn't have that same pattern. I believe it's taken its p's and q's for the e s the n q and the dow So that's what you want to be watching the intraday out there To the downside I'd watch those oscillator and change lines around 52 45 or so 18 277 39 144 We know those numbers will change. Uh, they are uh as price moves up and down But you can use those as guidelines So I'd say that's what's going on inside of the uh equity markets out there If we take a quick peek here what we've got about 30 seconds Let's go to even more intraday charts. I don't know if it's the e s or n q that's popping up here But likely one of them it is the n q so from an even deeper Entreday standpoint like 10 minute 15 minute 30 minute 60 minute I don't have anything for you say the truth As I take a look at all we've got to really consolidate Well price is now trade above on a 30 minute time frame for the n q places trade above resistance And a second close above 18 340 150 would suggest higher price out there That's the top of its barestructured profile that formed about An hour and a half ago Steve Rhodes with tfm. We come back to this break really good at cflt amazon del We're going to look at snd val And sharky wants to look at canadian. I own the canadian version of hbm We'll see what we can do there. Steve Rhodes with tfm. We'll be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. Yo, brian delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors Many trading newsletters attempt to focus on a narrow set of equities or commodities While this works for some it oftentimes misses many opportunities that possess huge gain potential But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive And over that time he has honed his methodology in order to accurately call movements in a wide range of equities From semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices Selective stocks and more opening call subscribers also receive access to dozens of educational live streams That can be accessed at any time for your edification All first time subscribers receive a 30 day money back guarantee So ignore the pop trading influencers and start learning time-tested technical analysis Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day 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 tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just one dollar for the year There's no cash 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 tfnn.com Toll free at 1-877-927-6648 Internationally at 727-873-7618 Good back hope everybody had a great weekend lots of great sports were on uh television So that was a wonderful thing lots of great sports to be played outdoors Well, we're going to start our day off taking a con flowing dink CFLT is the etic assemble this is for dunk and steve inside the tiger's den So what we know about it is that there was an a to b equal cd But i'm just going to check off screen out here steve It's a little bit easier for me to go ahead and type this pattern in I just want to see if it is attained the one-to-one price projection level it did 2844 was the one-to-one price projection level the actual low back here on april second Was down at 20 not 2860 2860 versus 2844 for steve That's good enough and then what took place out here is you've got a three river morning star pattern that formed on friday And so um or actually i take that back it's trying to form as we speak right now today So what you it appears at least as as of 11 19 in the morning dunking that uh you're going to get a confirm by the d-point pattern I actually got that confirmation. We got a bullish engulfing candle back on april the third So this got to buy the d-point pattern with price just consolidating with inside its profile So your support area here on a daily time frame 28 93 It's a slightly bare structured zone. So you got resist at 30 56 above that right now at 30 77 the oscillator and change line And then finally 31 54 and finally 31 90. So you've got some battles up top But price should be willing to do that. I suggest that because on a weekly time frame I don't have a I take that back. There was a sell the d-point pattern That sell the d-point pattern formed out here the week of march the 8th and that test taken price successfully back to a test of support and that test of support I was down to 2945 as well as the oscillator change on which is just slightly above that level So the weekly says yeah, they sought to try to rally into those resistance levels on that daily time frame The monthly's just got a consolidation with inside profiles there. So duncan Um, I hope that provided you with the information you were looking for if not Let me know what you were looking for and I'll be happy to try to find that. So that was on Confluent ink should rally towards 30 56 30 77 above that 31 54 to 31 90 Let's go take a look at duncan's next request. He'd like to take a look at amazon am zm being the ticker symbol out there amazon Negated or is in the process of negating its td9 count top It'll also go ahead and negate its rosemate Dominicator top in order to do that all that it really needs to do today is close above the high of april the fourth The high of april the fourth was 185 10 were 186 62 So if this were the end of the day its signals its topping signals on its daily time frame duncan will have gone away They will have vanished and that's really supported by what we see on the weekly time frame The weekly time frame has no topping pattern now. There is an a to b equal cd2 upside This is achieved more than the one to one level But what that tells us is that what we really want to do is just be paying attention for a bearish reversal candle So there's your one to one which was completed right here for that td9 count top It also was a sell the d-point pattern, but that was negated last week So amazon is suggesting wants to move up to its next level I don't have that price projection here, but you can do the a to b equal cd Pattern out there the point is all you need to really do is be paying attention For a bearish reversal candle, which would generate a sell the d-point pattern now And I've got the a to b equal cd pattern the weekly. I certainly have that same pattern on the daily So the first place to be paying attention would be on the daily for a bearish reversal candle For the potential of a top the monthly chart out here looks very bullish to stevie Uh, so you got bullish on the weekly bullish on the monthly It looks like by day's end on amazon you will have bullish on the daily So duncan hope that provided with the information that you were looking for and uh, yeah, it was quite a uh quite a pga tour event uh Dan with uh going into overtime and and I had held off as long as I could we had a function that we had to get to And then when I finally got to that function saw that he had won. So it was a great, but how about the uh, What's the kid's name who had uh eight out of nine? Uh, at least eight out of nine birdies on the back side, right? I think it was eight of nine holes He had birdie. That's pretty amazing. That's yeah, denny mccarthy. He's he's got some He's got some real potential. He had to feel bad for both those guys They both needed to win in order to be able to get into the masters this coming weekend in any event So, uh, hope that helps you out duncan and let's go on to john c Inside the tiger's den his request was to take a look at del del trading lower this morning Well, it's actually trading a bit higher from friday Now what it is doing is it looks like it may go ahead and trade below for two consecutive days 78 89 That's after it formed a td9 count top now 78 89 was both the bottom and center of its daily profile So that should have been a very strong support level. We saw that it failed on friday It turns out it appears and it's not a one-day wonder if that's the case in the next downside price target john Would be at 70 45 and 70 45 is the td9 count breakout level for its daily time frame on a weekly basis What do we have at 70 45? Well at 71 54 We've got the center of its bowler structured weekly profile So the buy zone so to speak is between 60 303 and 71 54 So those are the price and we've got 67 90 you got the weekly asset and change line So prices headed towards that price zone out there On a monthly time frame, uh prices back inside its profile. So that supports that idea. Oh, I'm looking at a ap You went on to cheese. How did I do that? Well? Hey, here's a ap for whoever wanted that one Uh, I don't know how steve. He did that but he did do that. Let me see. Did I put del right here? No, I put hbm. That's really weird Because I had typed that in that is really weird, but that's okay. Wider things have happened. So we got a uh john You sure you don't want a ap? Let's go take a look at del out here. It is trading lower I thought that's what I saw in my original screen out there So now what we can see is that this has a rosemate dominicator top format three days ago with that bear shooting star candle Now what happened on friday was price pulled back and tested rejected two levels of support One was the top of its profile which it closed above the second was that green asset and change line It's overall signal as we speak right now john. I'd have to say is neutral It's neutral until we see a close below that green asset and change on the daily time frame Which right now is at 120 607 you'd love to see this close above Well, that's not so much a close above the top of the profile You really in order to gate that the rosemate dominicator top you must see a close above 136 16 now turns out that on the weekly time frame chart There's nothing bearish about it and the gate is a td9 count top many weeks ago a couple of months ago It has triggered a rosemate dominicator signal if you were to see a bearish reversal candle Then yes, that would be a rosemate dominicator top the weekly time frame I don't see any kind of a topping pattern out here So it looks like i'm weakly the monthly time frame looks like once it continued to move higher Let me just open up that monthly time frame chart see if there's anything else out here I can see an a to b equal cd pattern well beyond the one to one level So a bearish reversal candle on a monthly time frame john would confirm a longer term sell the d-point pattern So right now the call is neutral on the daily It's bullish on the weekly out there and I hope that provided you with the information that you were looking for And you got a twofer you got advanced auto parts Now sharky would like to take a look at ticker symbol hbm and we're going to do that when we get back from this break We'll take a look at hbmsnd and val val steve roach with tfm As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk subscribe To tom o'brien's gold report newsletter now at tfnn.com 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 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 Educating investors Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing Systems strategies and techniques. 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Yeah, extraordinary extraordinary women's sports this weekend. You had uh, you had nelly corda went foreign a row On on the lpga tour and playing that shadow creek course, which is just a gorgeous golf course out in uh, Vegas when had originally built that and went along with the sale or would have you at mgm But then so you had and then you had the girl from um A load I think is her name from uh, that that uh, was the amateur and took home the Augusta and she had to burry three of the last four holes out there I mean, it was it was pretty amazing to see You know, I don't know. She is she's a a sophomore. I believe so what that would make her 19 Maybe 20 something like that out there and burning four of those last holes And then those pins were not in in easy spots or anything. So that was pretty amazing and and the girl that she beat Um, you know, uh, was uh, she had she shot 66 I think she was seven under or I mean, it was uh, extraordinary And then you had what katelyn, right? Uh, how about the comeback on uh, on friday night? It was friday nights gave me. I was that big comeback out there. Yeah, just extraordinary sports So who's going to win tonight? Is it going to be ucon or is it going to be a purdue? I my I had chosen purdue to go all the way through. I thought it was going to be purdue and university of north carolina I was wrong by that and but watching ucon. I mean, what a freight train that is so, uh, If I could change my pick right now, I would probably go for ucon out there They just look to be so strong so strong, but it should be a good game Let's hope it's going to be a good game amongst two big titans out there at any event enough of that Sharky's saying hey stevo, when you finally get to hbm hbm is a uh, what is this? So you mentioned it's a canadian stock as well. Are you traded on the canadian exchange? It's hub day minerals out there. So what do we know about it? What we do know about hbm is that uh, this formed a roadsman dominicator top sharky Back on april the second it did that when it generated that bearish dark cloud cover candle That pattern is being tested. By the way, the volume on that candle session on april the fourth Was 2.5 million shares the high 752 so far the high today 753 and 997 000 shares So this is about a three million share a day give or take going against two and a half million So I don't know what the volume will be at days then that's just in a quick multiplication out there Not really the best, but it's all that I can do at 11 33 in the morning So if it is trading to that swing point Even if it closed below that swing high and that swing high out there is 752 Price will then test that high again. Don't know whether it will bust it But sure if it does close above that it'll again that roadsman dominicator top out there on a weekly time frame Um, I see an a to b equal cd pattern This is beyond the one to one if we were to see a bearish reversal candle on a weekly time frame sharky That would generate a sell the d-point pattern short of that it looks like price wants to continue move higher Which is also supported by the monthly time frame charts out there now There is uh, as far as so where is price headed to if we open up the monthly time frame chart out there Um, what we can do is we can draw in a couple of trend lines out here Um, but you know, where are we going to start those trend lines? And I'd really be looking at just this latest cycle as for example would be one of them Uh, you know, so you could take a look at this trend line. Where are we at with regard to that? Oh, that's a beautiful thing You know it's busting through that you could take another trend so you can put some trend lines on there But the point is it looks to me like this wants to continue to move higher Now it's next resistance zone on a monthly time frame and this area has held as resistance is 813 So 813 looks to be like a key target and price can close above that because it's been tested before was tested When it formed that td9 count top back in february of 2021 you got back up here in february of 2022 Now we're going to maybe try to get back up there in april of 2024 So watch that $8 13 cent mark out there It looks to me like that's where price would want to go to as long as price can negate the daily roads meant to mitigate tough on a daily basis By the way, the signal I would give it or the grade that I would give it would be neutral Even though it has a top neutral because right now price above profile resistance And it's green oscillator and changeline. So I hope that helps y'all turkey and thank you very much for your request Next request is from dan inside the tiger's den wants to take look at snd So let's take a look at snd. It's trading right now two dollars and 21 cents out there This is smart sand ink out there. That's that's pretty cool. I like smart sand Because I don't really think the alternative is really good But if we take a look at what else is it doing out here smart sand closed above a swing point That was formed on february 27th that swing point had volume of 173 000 shares passed with a wide-ranging bar And much more volume 480. So there is a daily a to b equal cd pattern to the upside So to really take a look at what that price projection is we just had to open up the screen We'll draw in the a to b line out there We'll move this over to the c point just to kind of get a feel for where we're at in this process Let me grab it There we go. So here is the b to c the c to d level We're on the left hand side of that with the wide-ranging bar You can see we're up already to the one to one level This just says dano on a daily time frame What you want to do is you want to watch for a bearish reversal candle If you get that then what you're doing is you're forming a cell the d point pattern short of that Price should continue to move higher in the case of the weekly time frame that same swing point Basically, which had volume on march the first of 672 000 was passed with 981 000 So really the same kind of signal out there more difficult to generate a bearish Weekly reversal candle, but it looks like it wants to go target It's most recent swing point on a weekly basis of 10 or 22nd out there of 2023 And that's in the range of 230 229 so you're already into it and the highs at 248 volume was a million shares back then on a weekly basis Last week this did volume of 981 000 So similar volume as prices moving up into that swing area Not much else for me to see here for you. Dan at least nothing that really sticks out to me So hope that helped y'all with regard to a smart sand out there and that a to b equal cd pattern Daily time frame to the upside Uh g-man would like to take like a take some of val So let's get that up on our screen out here And val trading in between its profiles on a daily basis at 72 64 This is valaris limited The profile support is at 69 88 and profile resistance, which was tested and rejected this morning is up at 74 47 What else do we have out here when we take a look at val? Well, I see a potential wave number seven top. Let me open this up just make sure Yes, most certainly see a wave number seven. That was a topping pattern this out there I also see an a to b equal cd pattern that would have been confirmed on that same day that confirmed the wave number seven That was on april the fourth It's a daily time frame and it consolidates with inside his profile But can't take out the top of that profile watch the bottom of the profile down at the 69 98th level Won't know if we're going to get down there unless we see a close below 71 92 On the weekly time frame. What do we see out here? We just see a new profile That's a forming this week. So your new weekly resistance area is going to be up at the 75 59 level The bottom of the profile while it's a gigantic profile is all the way down at 63 61 Now g-man notice how this profile the highest below the prior profiles high The weekly bottom is also below the current one is below the prior one This is telling us this may be getting ready to truly move lower out there And you got a monthly roadsman to mitigate our top with a consolidation with inside of profiles see roads with tf and n If you spend any time online researching trading techniques on how to begin your trading journey You've no doubt come across many folks who push forex trading as a way to make big money quickly Unfortunately, there are equally as many stories of these so-called forex professionals Just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market This is what sets teddy kek stacks the tiger forex report off the riffraff Every monday former chicago mercantile exchange member and author teddy kek stat releases his tiger forex report newsletter Where he dives into the complex world of forex and takes time to actually teach you his methods That have made him so successful in the fast-paced and rewarding world of forex trading Furthermore all subscribers receive access to archive live streams of teddies where he provides university level education To help you in forex trading all first time subscribers receive a 30-day money back guarantee So what are you waiting for forex awaits? 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I was just trying to uh to modify a chart out here Uh template. Oh, let me see if I can find the right template and then it came back with a weird message. I'm gonna try it one more time Oh, that's why oh Okay, steve you should have a solution here And I don't see it Oh, there we go. Okay. I knew I would have something on there Okay, so I had said so we were taking a look at the profile levels We've talked about profile levels earlier this morning when we're looking at the es the nq and the ym each forming new profiles above Price out there and what is its message to us in the case here? Of val it was this weekly chart That so there's a new profile that's attempting to form this week and see how the high is lower than the high I'm not so worried about the center of the profile and the bottom is below that The first thing I took notice that the high was above the prior hire What this would be telling what I would have shared with g-man is to expect to anticipate a consolidation because that was its message out there Um, and maybe that still is the case Uh, well, certainly is the case of the last profile. So take a look at that. Oh, voila. There you go. See how here Um, this profile that formed in a weekly base. We're talking about back in november 10th That superseded the prior profile and this one formed in between the prior profile and that suggests prepare for a consolidation And in fact, that's what it did It looked like we were going to have a breakout of the consolidation back in the week of february 2nd But you and I we know you got to wait at least two candles to confirm that message and boom We got right back inside there. So that's been a consolidation going on for right now I was just giving a little bit of a shift that this may want to turn to the downside out there And I was trying to answer the question Uh, that would be logical. Well, how are we going to know? You know, like why did I just leave a g-man hanging out there as we went into the break there Saying it looks like it's gonna head lower. So ways to know that would be to take a look at intraday charts out there Which is what I was trying to get up on my screen and here It's not doing exactly what I wanted. Let's change this indicator So that puts up all I think it just has right now. Maybe three or four. Yeah, it's got four of the lines It's just good. So it gives us all the lines and these lines. I'm referring to are the support and resistance areas So The 30 minute time frame is it really provide us with with what I was looking for I was looking for on pull backs out here Where has price been able to find support? So the 30 minute chart is not in now from an intraday standpoint I use I use a 30 minute. I use a 65 minute. I use a 130 and 195 below that You know 30 go to 15 10 5 whatever you want But here is the 65 minute time frame chart and what we can see here at least g-man Is that on the move higher and I can put more data in here? Let's uh, what do we have about 60 days? Let's put in 150 days worth of data out here It shouldn't take too long to pop it. Okay. So on the way up So this is helpful on the way up. This is coming off of the low It's not a 30 minute a 65 minute chart takes it back to february So since february 5th out here these td9 count breakout support areas on any pull backs have acted as support And that's really what I was looking for if there's really going to be a change in trend On a larger time frame. Well, certainly we're going to see it on a shorter term time frame first So what I would say here g-man is you've got to watch the 65 minute td9 count breakout level and that's at 71 52 Now below that at 70 65. That's another level that was tested rejected So I would say that if you break both of those that at least the 60 minute time frame chart is telling you About a potential change in trend signal out there and then you can look at it for the larger time frames For example, if we went to the 130 minute chart, I'm pretty sure that nothing has been busted through here We had a one one hit wonder with one close below that back of 11 40 The trade day of march of 26 and then boom, you were right back above that area So that's one way and that's a way for me to not just leave you hanging out there So we gave that 65 minute area to watch that's what I'll be watching to the downside Of course, you've got the daily and the weekly information as well out there. So Yeah, I took a little extra time on that. I didn't want to leave them hanging But also because I don't have any other requests out here. So I'm going to check by email And I'm apparently putting everybody to sleep So I will apologize for that. So let's go look at something else. What do we want to look at? Let's go take a look at can you look at wheat futures? Absolutely So let's see here wheat futures. Give me a second I think we've got a kind of a stair step to the upside inside of wheat futures As my recollection. So let's pull those up. Let's do that on the promise. Let's see what pulls up here I probably have to go to the actual Intra day more intraday type timeframes out here But we were in the may contract if I'm not mistaken out there So let's put that up on our screen out here and let's take a look at wheat futures g-man If you're trading a different futures contract, let me know what that is. We'll take a look at it So here in the daily time frame bottom left out here You can see the rogment to indicator bottom that confirmed back on march the 18th Looks like I also had a wave seven bottom that confirmed on the trading day of march the 12th. So you got two bottoms a little bit, okay And price is now above The top of its profile on a daily time frame. So that suggests a further rally Well, if we take a look at the weekly time frame chart, we have a confirmed rogment to indicator bottom So the next resistance level that you're going to deal with out here G man is going to be the top of that weekly profile resistance. And this is a zone This is a cell zone between 561 50 and 580 50 But the daily suggesting to you and I that price wants to make a move up into that cell zone With regard to the monthly time frame out here You had a bullish hammer candle that formed Last month So there's really good signs out here if you're asking steve the question Hey steve on wheat Is it look like there's a pretty solid bottom in the answer to that would have to be an absolute positive? Yes, at least for that may contract monthly buy the d-point pattern out there A weekly rogment to indicator bottom with 580 50 b in the target and a daily Rogement to indicator bottom with price being of our resistance area. So I hope that helps you out G man with regard to the May contract for wheat and thank you for your request. That was your question Good, perfect. Yeah, no, it's definitely you've got this move to the upside watch what happens when you get toward that 580 50 level out there. Mr. Bill would like to take a look at the socks out here. So to do that Let's do this here Because we don't really need any profile level. So let's try this here. I don't know what's going to populate We're going to find out here momentarily. I think that is a semi. So, you know, we may be in luck here We are not it's new york stock exchange the uh 100 international Stock, so this is not going to take here because that's using a different data feed Let me see if I can kind of interrupt this. Yeah. Yeah. Yeah, I hear you I hear you it's picking up stuff as of friday. I believe so. Let me try to get the semis up here so x there we go And uh, okay, so we take a look at the semis. What do we know here? We know that we've got a td9 count top on the weekly time frame And that weekly time frame shows that last week price closed below the oscillator and change line and this week so far The rally has run right up into resistance at that point. That point is about 48 70 So if price remains below 48 70 what we can see here is this is so far turned into nothing more than a Sideways move out here. So I would say it would be sideways to lower would be the message from the weekly time frame What's the message of the daily time frame? Well on the daily time frame price still has not tested its swing point That's a swing point from down here from march the 19th That swing point didn't really generate anything. It's possible That it's the b point of an a to b equal cd to the downside with the c point being the one that's labeled b right up here As part of the chaplain wave tools out there So I don't have a really great clear. I do have a sell the d point pattern on the daily time frame That's for sure But the monthly is being kind of stubborn and says I don't know why you think the semis want to head lower Longer term looks like once higher That confirmation of that would be negated the td9 count Therefore you need to close above 52 1783 for that to unfold. We'll be right bold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com In the world of trading only a few names stand out like larry pesavento a pros pro with over 50 years of experience larry has seen it all a former chicago mercantile exchange member larry has authored 10 books and trained over 50,000 traders with his unmatched expertise Introducing fibonacci 24 7 larry pesavento's daily trading service that turns the complexity of markets into opportunities Published every sunday receive a comprehensive report packed with detailed commentary charts and videos that illuminate the patterns shaping the markets With updates throughout the week exclusively for subscribers Whether through charts or videos larry's analysis is your roadmap to navigating the markets You can sign up now at tfnn.com for just $97 and with all tfnn newsletters backed by a 30 day money back guarantee You have nothing to risk for all the details visit tfnn.com You'll find fibonacci 24 7 right under the newsletters tab Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch Investing systems strategies and techniques. It's time to protect and grow your money with insight you can trust Join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn. We're so confident in the value We provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors Welcome my back folks. Let's take a look at two more requests out here. The first one is sbs w Sbs w is a trading right into some resistance areas dan So if you take a look at the monthly chart, it's the oscillator and change line It's actually printed 535 so we're above it, you know by 11 pennies as we speak right now The weekly chart shows you the top of the profile resist at 555 The actual high so far of the day has been about 555 It was 556 To be exact And even if you get above those levels The daily shows you resist at 565 and then if we take a look just the left of that td9 count breakdown Or you got the td9 count top that td9 count top is at 582 So I would say just like tonight's game There are some battles underway in sbs w and I would also suggest that if you can clear You've got to really clear the td9 count top from the daily time frame But if this clears 582 you're on the way to 753 and above 753 You're on the way to 1108 So you've just got some battles that are going on inside of cybane still water And I think that's something that de brent also trades out there. So thanks for the request Duncan steve wanted to finish off the show take a look at fort net ft nt is the ticker symbol Now in the case of fort net, what do we have out here? We've got price at its testing potential support today, which is the top of its daily profile The top of the day of the profile is 68 57 a price closing below that We're back inside there. You could easily see a move back to 67 86 or 67 16 I just see a sideways ish type consolidation But the problem with that consolidation this day right here Canada screwed that up a little bit february 21st So let's go to our monthly our weekly chart weekly chart shows a definite consolidation That has clear resistance the top of its profile 70 52 It also has clear support the center of its weekly profile. And that's at 67 12 Whichever side breaks 67 12 or 70 52 Maybe telling you what direction this thing wants to head and the monthly chart Price just sitting right on a sassel and change on as we speak right now So it's kind of agnostic with regard to what is communicating Take you one night. So we got through all those requests. Thanks so much as always folks Please stay tuned for all the great programming. I'll be back with it 315 for a quick little update with tom Have a magnificent monday. We look forward to speaking with you again soon. Take care now