 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-445-1044. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the April 29th, the magical Monday edition of today's Trader's Edge show. I'm your host, D.B. 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. But we have an extraordinary one. And of course the easiest way to do that is to always remember that life is happening for us. Not to us. That's right, we knew when I make that one little two-by-four shift, means we can find the gift. And every set of circumstance, that life is going to toss at us. Today, you and I, we get to go check on the circumstance of these markets. We get to go figure out what the bulls and the bears, what those buyers and sellers are communicating to you and I just past one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but most importantly, I'm here to serve you. So feel free to pick up that phone, dial on in 877-927-6648. If you can't dial in, we've got you covered. You can let those fingers do the walking. You can send me an email, Steve at TFNN.com inside the subject heading. Please put radio show question into the tiger's den. Well, any ping will do. So let's go ahead and get this show started on magical, magnificent Monday. I hope everyone had a great weekend. Let's make sure we have a great week. Of course, this here's Tiger. Tiger Financial News Network. I'm Steve Rhodes. Welcome to less show right now that I'll trade up 28 points. That's about one-tenth of a percent to the upside. Two-tenths of a percent to the upside would be the S&P 500. Trading out at 2946. That's up six points. The NDX is up 11 points. Russell is the big leader to the upside up nearly six-tenths of a percent or nine points. We'll go explore and figure out what all of that means out there. Transports are off 42. Spotball of TiltedX is up 11 pennies. That's up nine-tenths of a percent. Lead the charge to the upside dollar-wise. It is the trade desk, booking holdings, and then Beijing. I really don't know how to pronounce this one. B-E-I-G-G-E-N-E. Really, a guy cannot. I'm fairly decent at pronunciation. As you know, I butcher the English language fairly often, and that one is for butchering. To the downside, it is lending tree off 15 bucks, universal display down about 10, and disparity down nine bucks. Goldilocks is off eight silver down 16 pennies. Lights we crude is up 27 cents. We'll certainly take a look at all those things. But as I take a look at this screen out here, I ask you to do the same thing. If you're watching us on Tiger TV, is there anything that sticks out that says to you, I ought to explore this. Now, what I'm referring to is the equity market. So let me restate that. Let me restate this even more refined. When you take a look at the S&P 500 up seven points right now, is there anything that is on this screen that is saying to you, hey, Stevo, you ought to go check that out. You're exactly right. And I am glad that you made that observation as well. The S&P is up seven points. Spotball utility index is up 10 pennies right now. Is there any meaning behind that? We know that that is a potential diverging pattern. One day does not make a divergence though. Nonetheless, you and I are like Lewis and Clark. We're like Abbott and Costello. We're like anybody we want to be. And who we want to be is a great explorers out there. Not that Abbott and Costello are great explorers, but you got to admit their humor was a good thing out there. In any event, what we want to do is go see if there's any other potential meaning behind that. So let's go do that first. Let's go start by taking a look at the spotball utility index and the S&P 500. Now, what you're going to notice when we take a look at this chart here, the bottom panel of this chart is the spotball utility index. It's a line chart. It has to be, well, it doesn't have to be closed. I could set that to opens or highs or lows. I've got it set to closes out here. And on the bottom panel, you will notice that the spotball utility index, 50-day exponential moving average is 1421. We're well below that. But what you'll also notice or you could notice out here is the low on the spotball utility index. We take a look at his April 12th on a closing basis. That close was 1201. The next time we saw a spike low, so to speak, was on April 18th. That close was 1209. Eight pennies, the silly, above that. Then we go take a look at that next spike low close. It was 1228 on April 23rd. Subtle, yes. But what we really have here is a series of higher lows on a closing basis in the spotball utility index. It is much easier to see the divergence when we take a look at the S&P 500 because if we begin with the day of April 12th out there in the close, in the S&P 500 was 2907. We're at 2,946. That's 39 points higher. You can see we have rising price in the face of a rising spotball utility index bottom. When that pattern does display itself to you, it needs to make, it doesn't need to, but it should make the hair on the back of your chitty chin chin or your neck stand up. Now, the real key, and the real key you and I know as being these explorers of the markets is that things can get really wild if the spotball utility index, not just that it has that rising bottoms, but that that spotball utility index closes above its 50 day line out there, which right now is resistance. But here's what we know. We've got one of those anomalies in the market that if it continues to persist, and there's no reason to think that it won't, at least right now, it's an indication of at least a retracement that would be ensuing. Well, if that's the case, how do we go find that? And that is a great question out here. If we take a look at, let's just take a look at the cash indices. You know how we like to, you and I like to just simply or primarily focus on the cash indices because they provide us with much more information. If we just step back and take a look at the longer term chart out here, longer term charts, I should say, for the four primary cash indices out here, the S&P, the Dow, so you got the Dow in the upper left, you got the S&P in the upper right, you've got the Nasdaq lower left, you've got the Russell in the lower right. If you take a look at the Dow, well, one thing that you and I notice is the consolidation pattern. Stevie's consolidation is basically between the 23, 360 level and the 26, 616 area out here. And we could go slightly higher or slightly lower, but this in essence is the consolidation. We can see that 26, 616, you try saying that twice, I just had to say it once, but that's been tested in so far at 1.14 in the afternoon. On April the 29th out there, it has been rejected. We still remain in a consolidation pattern in the Dow. I know everybody wants to, you know, get the party hats and the balloons and the, you know, whatever it is that you might celebrate with adult beverages, that would be good. We're still in a consolidation. Stevie says we're still in a consolidation even if price rises above this, even above 26, 951. We have to close out next month at about the price level of 27, 225 in order for there to be a breakout, but that's just the Dow. That's a long-term Dow. Hey, don't let this pass you by. The Dow is still in a consolidation pattern out there. Hope you're ready. 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Call now toll-free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. That was up 27 S&P is up seven. So in the first segment there, we took a look at primarily spot volatility and its divergence pattern, rising bottoms in the face of rising prices in the S&P 500 oftentimes as long as that pattern persists, it's going to lead to either retracement or a significant top. Now, don't get me wrong here. The trend is still to the upside. There have been no levels of support that have failed out here. So I have not say I jump on the short train. I'm trying to say to you, hey, look, the Dow is still in a consolidation pattern. Dow is still in a consolidation pattern. That's right. And we have a divergence pattern inside the S&P 500. If we look at the S&P 500, though, trading above its all-time high, you didn't need me to point that out to you. Its resistance level, in essence, was the high out here in September in that 2940-91 level. I'm going to say the S&P 500 is still consolidating out here. And its consolidation break won't take place this, but well, if we're to take place this month, needs to be a close above 3,000. To get to 3,000 would just be a containment of a likely resistance area for the S&P 500. Do we have anything to suggest inside the S&P 500 that it's not going to make it up to 3,000 yet? There's nothing that is present at the moment other than potential pattern, just like we looked at the potential pattern inside of the S&P 500 and the rising bottom spot volatility index. If we take a look, we've got an A to B equal CD. That is underway. It's blown through the one-to-one level on its way to 1 to 1.272. That would be 2966. We're in wave number seven. That's letter G. There's no denying that as we speak. Well, you can deny it, but I'm not going to deny it. So that's a potential pattern out here. But until we see some type of bearish reversal signal and then a move to level one, then two and three of support out here, the markets still remain bullish. You just have to be on guard, so to speak out there. If I had my sword, I would be on guard. If we take a look at, let's just stay here. What's the NASDAQ 100 doing? The NASDAQ 100 motoring on higher, above all types of resistance out there at 7,700. I can't give you an easy resistance level and take a look at this monthly chart. Like we can in the Dow. We can the S&P. Here, if you take a look at the Russell 2000, not to evade the NDX100 out here, which I won't, but if you take a look at the Russell 2000, you can see 16.0 210 on the cash industry is a key level of resistance that price would need to move above in order to get above its prior resistance out here to suggest that it wants either a further retracement, bounce higher, move all the way back to its highs out there. But in the case of the NQ, we looked at the NDX100. Now we're back to Stevie's equity futures contract out here. And here what we do have is we do have a top that's in place. So we do have a potential top that is in place. Now the reason why I say potential, we've got the TD set up nine count. That was a beautiful thing. We got an A to B equals CD that's been fulfilled and completed, well confirmed, not completed, but confirmed with that bearish and gulping candle a couple of days ago. But we haven't seen price even take out level one support. And level one support here would be the top of that daily profile, so even there those potential and I don't know where the rug gets pulled or even if it does get pulled, but if it does get pulled, you and I won't be surprised and we'll be ready to act at that point in time to take some early, early setups right now, you know, then good for you. I don't see it, I see potential, but I don't see anything that has been confirmed as we speak. So that's kind of the overview of the cash indices out here and what it is that at least I'm focused on, maybe you're focused on it now too and we just have to wait the role of the market, the role of you and I of us out there is be able to identify support and resistance and then tops and bottoms, very reversal type patterns that are out there, potential reversal patterns and then we just simply wait for the market to do its job, which is to confirm those kind of like the confirmation, not kind of like the confirmation we saw in the end queue, but it was only phase one of the confirmation out there, which was that bearish reversal candle at the completion of two different patterns that were out there. Now what we need to see, what you would need to see to get you off the bullish side of the market would you have to see the backs broken and the backs being broken out there lead us to those TAS market profiles. Smooth, was that not smooth or what? Smooth as silk, but if we take a look at those TAS market profiles on the daily timeframe out here, well, you're above the daily, you're above the weekly, you're above the monthly, you're above the quarterly inside the ES mini out there. So profile wise, this is saying, Pat, no problem, no failure, that's for sure. You know, the same thing can be said about the end queue above the daily, above the weekly, above the monthly, above the quarterly out here. So, but we do know inside the end queue there is a topping pattern out there inside the ES mini, not to be the case, well, don't talk so fast. No, it's in wave number seven out there. We just talked about that. So it's way number seven. So it too has something to pay attention to. If we take a look at the Dow equity futures contract, brand new, brand new for you, a weekly box, the top of that box, 26, 694, but the top of the daily 26, 613, neither of which have been tested, neither have been taken out. So you do have resistance inside the Dow. Inside the Russell 2000 equity futures contract, you'll see it's flirting with 160740. It's tested that level. That was the high from February 25th out there. So that's really your resistance if price take, and by the way, there's a new daily profile, 1594, 50 was the top of that box, is the top of that box, price is trading above that. But you and I know that there's resistance at 160740. We're not sure if it's going to hold, but we know that there's resistance out there. So how do we interpret this? Russell 2000 on a daily chart, it's at resistance. It's consolidation resistance. The Dow is trading below the top of its new weekly, and it's slightly older daily box out there. So it's just consolidating out here. If we take a look at the NQ, we know the daily timeframe has given us a bearish reversal signal, hasn't broken the back of any support level just yet. And we know it's ES mini above all resistance levels, but it too could be, it's got some signals that haven't been confirmed as we speak. So what does all this mean? It means just like what I shared earlier, everything here remains bullish. We are aware of other patterns that are out there, until we see some key levels of support fail, the move higher can most certainly continue. Now let's go to our first question that came in, this coming in from John in the Tiger's Den. And John wants to take a look at Dr. Copper out here. And the question is, what is the key resistance area as I see it? So excellent question. And what we're going to do to answer that question, this is the July contract for Dr. Copper. If I turn price off, I'm going to just do that just to make it easier for everyone to see. And then we'll go ahead and put price back on. And let me do this too. Let me turn off the weekly profile. We'll turn them back on momentarily. But here's one thing, John, that you should be aware of. Brand new box it formed. And the box is leaning. Oh my goodness, not like that tower in Seattle. But this is just slightly leaning as a bearish structured box out here. In two senses, the current profile, John, formed below the prior profile. And the center line at 2.904 is closer to the top slightly at 2.931 versus the bottom, 2.876. 2.931 is your first answer. But let's come back and provide some additional, additional insight into the doctor. Doctor of love, Dr. Copper. Hope you're right. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. So we're taking a look at Copper, the Copper contract here for July. And before break, we were taking a look at the price relationship to its daily profile out there, a brand new one that had formed today. And we were able to identify, at least from a daily perspective, support, resistance, and the point of control where both buyers and sellers believe that price is fairly valued. Now what we've done here is we have turned off the daily time frame and we have the weekly time frame. So we're looking at a daily chart, but we're looking at as a weekly set of profiles out here. What we'll notice is that the current profile that formed, it was contained within the prior profile out there. Really more of a meaning of a consolidation that's going on. And we can just look back to the left-hand side of the chart and we can see that consolidation. So it's neutral because it's consolidated. It's neutral because it's within the old profile out here. The structure of that box is bullish in nature from a standpoint at that centerline, which by the way is priced out at 2.906, is closer to the bottom at 2.875 versus the top at 2.969. So at that point of control, right now what copper is doing is copper has bounced up to resistance and you really want to see copper close above 2.906. So my experience is that once the point of control level is taken out by a decent amount of margin out there and depending on the instrument, decent can be several ticks. But you want to see price be able to take that out in a bullish structured box then price ought to be able to make its way, it doesn't always work this way but should be able to make its way all the way up to the top of that profile out there. And then you'll just have to take a look at other patterns. So copper in essence right now from a weekly perspective, it's consolidating with resistance being the 2.969 level out there and glad that I could provide a little bit of insight into what the copper contract is doing. So no other questions that I have out there interesting but fine and dandy so to speak. So let's go take a look at I already know some of the other questions that folks are interested in. It's just kind of natural which might be, hey, Stevo, what's Goldilocks doing out here? So if we go take a look at Goldilocks let's really do the same thing so to speak and by same thing what we're referring to is just taking a look at those daily and weekly profiles. Now you'll notice that today's candle is orange and when it turns orange it's an indication that a new profile may be forming out here but we'll have to check back in tomorrow to see if in fact that is the case. Here's what we know so far. A key level of support inside of Goldilocks would be 1277.20. That is the bottom of the June contract. Prices below the weekly box out there that's at 1295. So that's a potential problem for Gold. Potential problem but at this stage here support is held. We got to call it like we see it and so far support is held. That's 1277.20. If it closes below that that then suggests lower price. Now it's at support here. This is daily. We just looked at the daily chart but daily and weekly profiles. If we go look at the monthly time frame out here not monthly profiles but just the monthly chart out here the cool thing from a monthly standpoint is that when Gold topped back in July of 2012 did it with a TD set up nine count number nine to the T out there when it did bottom back here in July of 2016 it was a nine count that formed the bottom last time that we saw a little bit of a high back in July as well of 2016. That was a TD set up nine count out there and very interesting but right now what we're really paying attention to is the mere fact that on a monthly basis prices come back and tested Stevie's green line. That's your level of support. That is 1277.90. So we've got two levels really to be able to look at 1277.90 on a monthly basis 1277.20 on a daily basis what Gold is doing right now it's testing support but below both of those levels they that could spell trouble I know you say what kind of trouble I'd have to just go with double trouble out there and double trouble for Gold on a daily basis well that would give us a price projection an initial price projection of 12.61 That's it now you can see on the daily time frame prices also testing like right to the T Stevie's red line out here so right now Gold is at basically support or within a smidgen a few buck runes of it so to speak out here and so you're very close to being able to identify whether support is going to hold and if it fails well your first price projection to the downside wouldn't surprise me to see this unfold this way is 12.61 a price projection number two the one that to one to 1.27 2A to be equal CD to the downside is 12.42 but again we've got to call it like we see it on the chart right now and the way we see it on the chart right now is Gold has pulled back to support now that answers question one of the question that somebody or many people had out there with regard to you know a Steve what's Gold doing the other question I'm sure was what's going on with the mining sector out here I thought it bottom I didn't say I thought it bottom but somebody out there said I thought it bottom and and well it's trading below support so you get Gold that support but you do not have the GDX at support the GDX right now is below support maybe support holds at day's end but here's what you know right now support from a profile standpoint is $20.84 we're 2770 2077 out there and you're at the low of the session now volume is about 16 million shares the swing point low out here is 48 million shares that swing point low is 2067 if you close below at this stage here it's likely to do this close below 2119 you're likely even on later volume to go test that swing point low at 48 I'm sorry I was looking at volume at the 2067 low but let's go take a look at the A to B equal CD pattern out here slightly more complicated the one that I would go with out here and this is a art not so much as science but the art that I would look at would say you know you don't hold this level you're going down to 2036 I'll be your 1 to 1.618 A to B equals CD price target out here so that would become a level to look at the bad news on the GDX let me just reload the historical date out here see if I can get this to populate properly on my other screen before I pull it over for you yeah well yeah I can I can and this is this is be careful out here so one of the tools that you and I like to use to help identify you know bottoms and tops out here we like that set up nine count and that's where the bottom form that swing point law that we're talking about you can see that was on bar number nine what we also know with regard to the GDX there really is nothing more bearish than a falling price oscillator below zero now how do you and I know by looking at this chart that there is a falling price oscillator below zero we know that because we have a price oscillator below zero when my red line is really red but it's great and the price oscillator is above zero and as you and I explored on Friday counter trend rallies to the upside often times we'll find resistance in Stevie's red line in essence what it did on Friday you close below that TD setup nine count it says huge momentum to the downside so be careful out there be careful we come back from this break we'll continue looking at GDX because I want to show you the hammer candle from last week if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold 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it's on trading sessions three through seven basically this happens to be trading session one would be what would be halfway to the bottom of the wicks either halfway or in essence last week's low out here so we're very close to it last week's low was 2067 but as you and I looked at we looked at the daily timeframe chart knowing knowing what the price is trading relationship to its oscillator and change line Stevy's red green line out there and if you close below a hammer candle the meaning is if you're long you're wrong you know so the be aggressive right now if I saw some reason to be aggressive because we saw divergence between the price direction of gold and what was going on the mining sector that be something to look at but but I I don't have that pattern out here in fact I you know you and I looked at this pattern remember this last week as we were closing the show we said be careful we said be careful because what we looked at was a one hour timeframe I think it was maybe John was that you in the den you had brought up the hourly chart on Friday at some point and so I just simply took advantage of that query so to speak and drew in the seventh wave move that was letter G that's why in the ES mini on a daily chart you and I that's a 60 minute chart but the patterns work the same way it just doesn't it were agnostic to the timeframe and so you had wave number seven you had a three drive to a top pattern out there now what we've received on that 60 minute time frame chart you had a TD set up nine count it should have been the low that took place at 11 o'clock this morning I looked at low hasn't really been has not been taken out but and I could see a bounce because the green line has turned red it just it just I think it's too risky because even on the short-term timeframe I've got to say hold on a minute here now look if you see and would certainly be a weekly close if you see close blow 2057 on a weekly base come this Friday out here doesn't bode well for the GDX out there so here's the deal I'll summarize it for you you've got the GDX pulling back on light volume out here we we've got a gold that's flirting with some real problems make sure your stops are in place out here and watch these levels to see if they hold we would ideally see them turn if they are going to hold on a shorter-term timeframe chart and I don't have that on a short-term timeframe charts right now so the game plan here is price likely to go back and at least test those levels of support which we looked at in the case of the GDX is going to be 2057 or the 2057 is going to be the area to be paying attention to all right so let's go to a question that did come in via email this one coming in from John P. John writes in can can you review the financials yes I'm looking to take a call position some of the banks like JP Morgan Goldman Sachs Bank of America City I will be listening well if you're so let's take a look at the overall financials right as opposed to each individual stock out there I think in essence that's what you were looking for me and so let's let's start off by taking a look at the XLF but let's do this on a longer-term basis what I mean by that is monthly now we'll go take a look at the shorter term so here's what we know about the XLF we know that when it topped out here on a monthly basis was that set up nine count you got to get in the feel out here that now look Tommy DeMark sequential and system works great out there it's way more complicated than just doing nine consecutive closes above close four bars earlier to the upside or to the downside out there it's easy it's simple why do you do that why do you do that for something that you're investing for this reason one to be able to anticipate that there's a turn that would be taking place remember we're agnostic to timeframes this was a daily timeframe we'd make that same call if it's a monthly that we're making that same call and then you're looking for in this case here respective of profiles where is it that on a turn to the downside price would be headed well would always go back to your target would be that support trend line that's that red solid line that's on my screen out here and what did price do going into a December of last year November December price went right down there and tested that level so it price pulled back to support your question now is would I take a look at financials in essence are you asking me now not has it found a bottom that was the bottom but the question is now the time to go ahead and take a new position or add to a position and Steve is going to say wait another day wait another day I don't know what financials are going to do tomorrow looks like they continue to move higher but right now you're there in December and you're going to wait in 27 92 that's 16 pennies 16 pennies away from resistance maybe closing above resistance that would be Stevie's green line which is held as resistance since March of last year out here so it's really key so if price can close above that John P then maybe you're on to something with regard to your call position now of course you probably were not considering the longer term impact of what Microsoft was doing but hey I think you need to even though you're looking at a shorter term trade if we take a look at the weekly time frame for the XLF what do we see out here do we see any kind of topping signal at all and the answer is no in fact if anything there's need to be equal CD to the upside that could be unfolding out here and that looks like this and I would go ahead and take price back to the 29 97 level now that was the just in case I didn't draw it correctly let's come back over here because I can take a look at our volume pattern much easier you'll be able to see that we just want to see has the B point of that a to b equal CD actually turns out it's this trading session March 18 381 million shares that were traded was it passed with volume and the answer my friend is no it was not does that mean that this is not a valid a to b equal CD it does not let's draw the correct pattern that is in there right now so I give the correct a to b equal CD price target this on the weekly 30 30 13 and I say that there's no reason for it to not go to 315 not at this moment price above the top of the weekly profiles out here so I see what you're looking at it looks pretty good it's the 29 that way to the 30th I just wait for that confirmation close above Stevie's green line out there this would say on a monthly time frame though just to give you a reward risk scenario even though we drew an a to b equal CD what we also want to use is all of our information out here and all of our information says that the XLF may run out of energy as he gets a 2907 the 2909 2907 is top of the monthly profile 2909 is top of the quarterly profile out there and the quarterly profiles really important to pay attention to as the 2015 consolidation pattern that form you know proved to be the case you didn't see a breakout until November of 2016 and when you saw that breakout that was your all clear bulletin to the upside and that's what we saw there so John P. I hope that so let's summarize the XLF out here if it closes above Stevie's green line tomorrow the end of the month 2792 then where price should move to is 2909 and maybe I can stretch beyond that and make that 3013 level that 1 to 1a to be equal city which is not been confirmed by volume it's not been confirmed by wide price spread on a weekly basis but still it's good enough there's no top in place so to speak so best of luck with those trades and thanks for writing in dows up 35 s and piece up seven we'll be right back for the two minute close since 1984 Basil Chapman has been using the Chapman wave as his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com it's amazing to think that Tom O'Brien published his weekly gold report 17 years ago with the first issue published April 7, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI, GDX, The Dollar, Bonds, South African Rand as well as 25 different mining equities with specific buy sell recommendations as of April 1 of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by and sign up today you know what's cool taking something that's good for you something specifically formulated to help with weight loss, better sleep, stress reduction and the need to detox Niko our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based 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looking at the 30 minute time frame is that okay with you great okay so it's okay with you it's okay with me here in the ESMini we can see that it's been moving higher had been moving higher doing less relative energy so far the high that came in was with that TD setup nine count those tops can occur on bars eight nine or ten in this case here it was bar number ten that was exactly at one o'clock we don't have a bearish reversal signal if we had a bearish reversal candle that informed afterwards going into one thirty or one that we could see at two o'clock I would say the high for the day has been put in I can't make that call right at this moment you could make the call if price closes below twenty or trades below thirty minute basis close below twenty nine forty seven that would be Stevie's green line that's a level of support then that says yeah price could easily pull back and that the high would be in if you see price take out the high so far that's twenty nine fifty anticipate that prices will continue to go higher that's the meaning of the ESMini on a thirty minute time frame chart how about the NQ was it doing the same thing there you go buckaroo it was only it formed its high on that ninth bar out here right now we do have a three candle three river evening star but we got five minutes before the session closes so I don't know if that is going to be the case or not fifteen fifty two is the number to watch there close below that says that price could pull all the way back to the low up today's session and that would be at seventy eight twenty seven out there so that's the NQ shows a short term topping signal but support has not failed yet the Russell doing the same thing does it on bar number ten does give us a bearish engulfing candle has not closed below sixteen oh three that Stevie's green line out there so it's kind of neutral but it is showing that it's going to be a great day for a bearish engulfing when I mean topping signals that the anticipate that the market has made its high for the day and will pull back and you've got the same signal ish although the Dow is really fighting that nine count out here so folks thanks much for being here stay tuned your favorite polar bear David whites up next I'll be back with you on terrific Tuesday have a great day