 The following is a presentation of TFNN, the Tiger technician hour with your host Basil Chapman call now toll-free at 1-877-927-6648. I've always Basil Chapman here on this Thursday the 4th of April we're looking at the Dow Ops, oh that's the E-mini, let me just say the E-mini is up 31 and 52.97 made a higher 5307.00 got an arch formation, held the first support of the 5296 area balancing but the 5292 200-period exponential moving average in the one-minute chart is going to be key support. The 5-minute chart at a peak E hasn't yet given a sell signal or a sell mode it will if it drops below if it gets to 52.94 I'm pretty sure it will serve us holding quite well and it's a peak F in the 10-minute chart just I wanted to show you that because that's like one five and 10 minutes it's like daily weekly monthly in the general charts now let's go to the general charts and the question there was a question yesterday so what's weak if everything looks so strong what's weak what's really weak is a select consumer staples fund look how it went from 76.61 the all-time high was up in the 80s but the the most recent high was 76.61 four sessions ago five sessions ago and it dropped to 73 it's not a big deal but this is the deepest and quickest pullback it's had the XLP since February and if you're looking at the weekly chart that's one of the biggest red candles we've still got to date finish and tomorrow at four four o'clock so there's a lot to go but this is this has been very weak and what does it do it has because it has Proctin Gamble Proctin Gamble has made a peak D I forgot to put that in peak D in the Chapman methodology right there at 163. something let me just give you this D and now I can put it down arrow there we go D is what we anticipated a bi signal to bi mode in the Chapman methodology that's where other things can happen this is gone from 163.14 to where it is well yesterday went to 155s it's trading 156.65 right now and that's a leg interesting EFG could be an alternate count I'm calling a G for now and then we'll come back to it next week right there let's go to J and J Johnson and Johnson type it in that little rectangle over there J and J there we go Johnson and Johnson and Johnson and Johnson and Johnson is trading right now up 68 cents off they're very sharp down move yesterday made a peak D high oh it's the same thing 163. that was 14 this one is 163.13 how about that 163.13 down to the 154 level that's pretty sharp but if you look at the weekly chart it's really the 200 moving average it's been a magnet both up and down and now it's becoming a repellent area we're waiting until tomorrow four o'clock but so far this is the first time that the nine been moving average you know in quite a few weeks has gone back to pink what was the other one uh was it general mills GIS always look at GIS yeah I had a huge spike must have been some kind of an earnings or some kind of a report that came out spiked it's toodling along in the 68th next thing goes to 74.45 opens actually at 74 73.96 go to 74.45 closes down to the 69 level look at that now it's just kind of filling in that space so yeah that's where the weakness is and the reason being look when you go to the commodity index DBA it's making a p it's made a p I think it's having a digestive phase made an all-time not an all-time high but a most recent number of years high at 25 14 on the 1st of April that's trading at 24.69 no big deal but it is leg C now I've called it a leg C even though this is a phantom peak right here it had the 22.18 high the week of the 9th of Feb 22.18 high on the following week 16th week of the 16th of Feb and but if you look here you'll see that there was a little nick a little kind of a pullback in the nine-period differential of the MACD of the stochastic no no no in the in the faster moving average of the stochastic yeah so as it stands right now this is I'm calling it a leg C technically it is only a B but I'm calling it a C for oh I did it twice 22.55 no it was 22.54 one penny lower that is an official B all right so this is very interesting DBA Agricultural Fund I should mention we are long from right down there the 1325 level just off the the low oh we're long at let me just give you this correctly because the long is actually 1377 I believe yeah 1377 the real low was 1325 in June of 2020 and look how it went up to 23.01 made a cup formation went back to peak D under the previous D that's usually not good so it did pull back sharply now we've had this very long extension to the upside now I was talking about this and saying if the DBB a DBA DBA Agricultural Fund which includes COCO is giving us any clues then COCO should be making some kind of a top and that is also in a peak E at about 10,324 here it is it's 9,463 but that nine period moving has this magnificent indicator which I must learn not to fight ever and I'll try my best not to look at why that nine period is over the 14 that is really strong so Howard pulls back and what happens next in COCO after having a spectacular move from the three thousands to the 10,300s that you can expect some kind of a pullback I also said I'm going to put together the BTC which is the bitcoin which doesn't resemble the same patent but it has the characteristic coming off the top of 74,415 let me just double check if that's still the price because it gets smoothed out there's a continuous contract 74 oh now it's 75 you see it gets smoothed out now that's 75,185 I'll change it for now because it'll be good for a good few weeks 75,000 and of course I can't even remember 185 I'll just put 185 for now I'll come back to it in a minute let me just see yeah 185 good so it's trading right now 68,150 see this arch formation went sideways now what's fascinating is how other techniques can be used to identify the actual turn so far this is the top this is the all-time high and the high of I'll have to give you the date as well because the price changes the 14th of March oh yeah the 14th of March at 75,185 now using the same techniques the SMHs have done almost the same thing on the 8th of March at 239.14 I got the same signals that said this should be the digestive phase for the SMHs for the semiconductors well they were from 239 down to the 213 area now so quite nice at 233 30 right now at 228.35 so this whole digestive phase has been a correct call but that nine period moving averages school green and over the 14th I'll be back in a moment does up 156 35 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 TFNN.com TFNN educating investors 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 1,000 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 hi folks this is Tom O'Brien it's the 22nd anniversary of the gold report can you believe it we've taken 22 trips around the sun together and we have many more to come this year alone the gold report has returned over 50% and I want you to come along for the ride I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities for a limited time you can save 35% off the monthly price for as long as you subscribe 35% savings will be applied to the current monthly price and it will stay with your subscription forever with gold pushing all-time high as gold equities trading higher and inflation still raging this is a great time to try my newsletter the gold report first time subscribers get a 30-day money back guarantee so you have nothing to risk just enter promo code 22 years at checkout and you'll see that 35% savings applied to subscription price and this deal will stay with your subscription for as long as you subscribe don't forget just enter promo code 22 years at checkout 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 tiger's 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 tfnn.com toll free at 1-877-927-6648 internationally at 727-873-7618 let me just go back to that because a question came in from tiger youtube let's see consumer staples down bullish for the market as a whole well interestingly enough the staples were doing well as the market is doing well so as we've talked about this over and over and over all the norms that you would normally see where gold goes up dollar goes down all of that's out the window where the vix starts to rally in the market really takes takes a dive none of that has been really functional so the idea that staples uh it's the place that the it's called the defensive stock that's where people go when things are really tough in the in the market when the market is going down that wasn't pertinent right now i'm just saying this looks to me like it's an area of weakness that could remain let me just hear what happened with that little ping that went in we have got mark in denver hi mark how are you good battle how are you oh well sorry i didn't notice you know that you were waiting you'd like to look at what i was looking at playing or trading the boil boil via the it's the double of the um ung as the one winner your thoughts are on that seems like it's bottoming out so uh there's there are a couple of things that um i'm fascinated with in terms of united states natural gas fund there had to have been and we spoke about this oh for a long time that throughout uh from the high that was made back in about august or so of 20 let me give you the exact date that was august of 2022 when ung was trading at 130.00 i didn't realize that let me put that in there 138 round number hi unbelievable how these round numbers sit so nicely there okay um that something was wrong there i i kind of avoided it completely for subscribers and it was just the moment where i thought we'd give it a try and it didn't work out i said i'm done there is something wrong with this it's the same as when oil went down to minus 40 because there was something wrong um the usual it was supply demand it was a whole bunch of things that that happened to be involved with the futures but this is something different i think that there's been a glut of natural gas and as a result the normality of this the cycles that go through with winter and summer and then not as much in summer you need and need a lot none of that's worked so it said to me that there's something wrong even the other day i was looking at this and i thought aha the nine-period moving average in the daily chart this is ung folks we're looking at the united states natural gas fund trading down 12 cents at 15.35 the nine-period moving average was just about to turn up not plus positive yet but turning up the the mac d has been rising and rising usually that's a really good sign when the mac d rises and there's a divergence between the price making lower lows and then you get the stochastic on balance fund giving you a really nice v-shaped turnaround what you get is a very quick price movement then the stochastic goes very quickly from under 20 to over 80 and the mac d continues higher on balance volume usually moves up significantly and at the same time you get price movement so you get a buy signal on the stochastic that's upgraded to a buy mode when it goes over 20 that's just the signal itself then you get the the mac d turning positive then you get the price movement that goes from a peak a it just pulls back in here maybe goes to a b and then you've got yourself a buy signal we haven't got that yet even even with this and the other thing is look at that big move well big for this even though it's gone from the 32s down to the 14s that was a really big move with a gap and everything all the things you'd look for doji candle at the low on the 20th of feb at 14.56 a huge gap up doesn't pull the gap completely it pulls back then goes to a leg b the mac d is going up stochastic going up and he has the clue the stochastic went over 20 percent or just sorry 80 percent it touched 80 percent for a fraction and then pull back that is never good pull back and that's exactly what happened you got your arch or you got your inverted v shape pattern where it came down retested and took out the low so even that one didn't work it should have at least gone to a d so i'm going to suggest to you this is natural gas at this particular point i think if you look historically uh what are we we're in april so let's just go back to aprils of the previous years so there's february there's april so march of 2022 started a really big run actually started in um january and then it really accelerated and is soared up to the 138 level um in august so that was right through the summer even though there was a very ugly i think that was june yep a very ugly june from 131 high down to 73 wow that's a big pull back and then it went to a new uh recovery high at 138 round number so i'm just going to suggest to you that if you're thinking of doing it and you've done your homework and you feel comfortable if you're going for the uh you're going for the the uh ung uh you were going to go for boil is boil two or three times i never remember this is ultra bloomberg usually it says is that two or three i guess two two okay so that's trading at 1422 um even this pullback from yesterday's high what a big pullback just not a percentage terms from yesterday's high and on the third uh at 15.17 it opens at 1517 that was the high and then it comes down to 1422 and closes at 4044 and then today it gaps down has another lower low wow i just i can see all the tactical signs that are giving you signals that say this should be rounding it should be at 1650 based on the technicals not the unbalanced funny that's a big disappointment here that's the one thing that's the fly in the ointment but i'm i just can't give you a go ahead with this what i will say to you is would you hold this overnight and does the and does do the stops if you have any other activated overnight yeah probably i mean i i haven't even i wasn't i was going to dip my toe in but i wanted to get your opinion first so i'm not really that confident on doing anything you know so dipping your toe in is is fine if you have the ability to have a stop overnight because you don't want natural gas and let's just go to natural gas itself and you're also doubling up so you know when natural gas would to be trading at a dollar one dollar eight eight three five and tomorrow it's suddenly under 1.8 overnight and then the ung's gonna gap down huge unless during the night you have a stop that you can be activated first find that out if it's activated then i'm going to say to you look there are signs here that are suggesting that the ung might dip a little bit to the 1510 level maybe even 15 but if it doesn't do that overnight into tomorrow morning there's a chance that monday there could be a gap to the upside and if it can cross 1569 there's a ung 1569 in the next wow that's a long time from right now at 10 almost 10 30 on thursday waiting for monday like this is really tough so if you want to nibble first find out if if you can have a trading for you overnight and if you can't then i'm going to say boil let me go to boil it's a little aggressive but you can just tiptoe it at 1426 if you can have a 1396 stop if that's comfortable for you i'd say okay because things are improving but the price is not showing it just yet hope that i'll thank you good thank you for calling we'll be back down to 154 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 riff raff 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 livestreams 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 many trading newsletters attempt to focus on a narrowsef 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 fazzle 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 fazzle 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 livestreams 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 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 this portion of the tiger technicians hour is brought to you by directions daily leveraged and inverse ETFs whether you're a bull or a bear you choose the direction visit direction dot com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a fund's investment objective risk charges and expenses contained in the prospectus available at direction dot com read carefully distributor for side fund services llc a couple of questions that i need came in overnight one is uh the gg want to know about r ee r ee mentioned r ee so i believe this is so this is re r ee automotive limited uh trading at 539 up 19 cents so i believe this could be oh i should have done it before and now i can't even see the stretch over the one computer to see the other computer so re ee automotive does yeah this is unrestricted by legacy thinking ree has developed the next generation ev platform which is completely flat scalable and modular providing customers full design freedom to create the broad broadest range of ev and autonomous vehicles for current and future applications including last mile delivery m a s light to medium now um why i you know i couldn't quite i read this and i didn't type it in here because i didn't quite understand it ev platform so is that not the um not the battery but it's the actual platform i think that's what it is so you can see how badly it's done it's gone from the eights uh just uh last month down to the fives uh it really is not doing that run and i thought i'll put it together with something like a stem where did i type that typed in the wrong place let me just put it over here yeah stem stem and clean energy solution storage ev solar also just kind of sitting in the lows it was up in the 360s just the last month and it will drop down to the 170s now to 212 you know a lot of this a lot of these areas in the ev sector are kind of stalling they just not doing what you would expect so i'm just going to say that um ai i don't know if ai is in the same area c3 dot ai ink it's the same kind of chart pattern once in the 38s just a month ago now the 26 of 25 i just don't i don't see anything there i'm i'm following it i'm starting to make a hand a whole i had a note and i can't find it on a piece of paper with a number of these different areas and and even put in what they do with battery or where they are i'll find i'll have to redo it but i don't see anything right now okay so that i want to touch that next question what's going to look at the gdx i'll get to that now the gdx i didn't do that i didn't do silver so let's do that now but the gdx is in leg d it's gone above the left side high of 32 was that 32 right there the high of the 22nd of december which was yeah 32 35 and now it's trading at 33 19 not far above it but it's a leg d and it's doing very nice 35 and now it's it's gone from 32 down to 25 that was a big hit and now it's if you look at the monthly chart of the gdx either this is just the beginning of our monster move to the upside or it's just another one of those huge flurries they guess everybody who wasn't even looking at gold very interesting good because that's all you hear about now is gold gold gold and silver um and what happens is it comes back and at 33 the next thing you know in four weeks time is trading at 30.09 and all these stocks they were doing nothing and they had a big move up i'm looking at something very different i'm looking at and i'll talk about that i don't want to talk about it today i don't take time i was asked about it and i'll say gdx is acting very well all the technicals are very good in the daily chart the weekly chart needs quite a bit of work but it is acting well and the monthly chart we'll wait until the month finishes because it's the first time that the nine period moving average is actually crossed positive but i have to wait for the whole month to complete so yes i do see major support between 31 and 29 i'm doing a really very good support at any pullback i'm looking at the the way this move to say that i love the action um i didn't like the way some of the stocks really stalled and now they're kind of playing catch up uh let me just do this quickly if i can right yeah i just gotta ping some of the go there right now but i need to do this just to show you silver silver okay the way i always look at it is gold moves silver's laying now suddenly silver catches up and passes gold and then gold is kind of stalling and then turns around and say hey wait for me and then they're both trying to rally together and they're both come down together and that's the way i'm looking at this i'm anticipating that in the next sometime next later next week we start to see some kind of pullback in the golden silver if we do i should say if we do see the pullback how deep it is and so far it looks to me it's not going to be that be my my leaning here is to say that gold is finally making the turn in like a huge bowl formation and that there is a serious turn that's unfolding but this might have gone ahead of itself now let's see who's pinging there i'm gonna go to my host chat we have gara go how are you gara in newport beach how are you sir i'm well thank you so what are we looking at here if you have the time mr basill if you look at sq square i wait i'm i'm i'm gonna i'm gonna i'm gonna beat you i'm gonna say you shortage square yes sir okay if you look at the daily chart today is the third the third dot from the top at the star parabolic i shorted that yesterday at 80 dollars i have 500 shares and my question is that you think that would go down all the way to 200 e ma on a daily chart at 68 dollars to close that gap on february the 22nd your idea please so garyl i can give you an answer that's really simple in one word yes but then you need to say but when because i think i could easily say that it's going to go down to the 73s but it could be now it could be next year it could be anytime so what you really want to know is what's the acceleration to the downside like correct absolutely absolutely that's going to be in time in time but first thing i'm going to get out at a 50 day moving average which is a 74 61 i'm going to get out there first and the second move is that if it goes below that 50 day moving simple moving out again i'm going to short it but i'm going to i'm going to keep it until 74 50 74 60 in that area so that she was going to happen from there on so now i've got your plan so let me go let me tell you what i'm looking at you square which is block ink formerly square point of sales software and i also do i believe they do something right there the yeah so they also they're also doing something with the mining so what we're looking at here is that the 120-minute chart has formed an arch formation took out the left side load twice and the 200-bit moving average of the 120-minute chart is at 75 86 but i need to talk to you about something and i it's kind of important so if you don't mind holding i'll be right back folks that dials up 156 one with gara and newport beach we're looking at sq trading at 78 38 down about 27 hi folks this is tom o'brien it's a 22nd anniversary of the gold report can you believe it we've taken 22 trips around the sun together and we have many more to come this year alone the gold report has returned over 50 and i want you to come along for the ride i provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities for a limited time you can save 35 off the monthly price for as long as you subscribe 35 savings will be applied to the current monthly price and it will stay with your subscription forever with gold pushing all-time highs gold equities trading higher and inflation still raging this is a great time to try my newsletter the gold report first time subscribers get a 30-day money back guarantee so you have nothing to risk just enter promo code 22 years at checkout and you'll see that 35% savings applied to your subscription price and this deal will stay with your subscription for as long as you subscribe don't forget just enter promo code 22 years at checkout the stock market is a delicate interconnecting web of commodities equities and trader psychology when one string of the web is pulled it has a ripple effect across the broader market this is where opportunity lies but how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities luckily you don't have to worry about that as tom obrien has brought all important market news to you in one single newsletter market insights market insights provides a daily overview of what's happening in the indexes bonds gold and more follow along with tom daily as he analyzes the components that affect the overall movement of the stock market giving insight into how each one plays either a bullish or bearish role tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right all first time subscribers receive a 30-day money back guarantee so what are you waiting for don't let the market leave you in the dust for traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets these are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing whether you're a bull or a bear you choose the direction for up-to-date pricing and performance go to direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider funds investment objective risk charges and expenses contained in the prospectus available at direction.com read carefully 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 folks we're back Basil Chapman this is the Tiger technicians out we've got Garo from Newport Beach California on the line so Garo this is what I'm looking at you the reason why I said I needed to get back to you and talk to you about it very quickly is the I'm not sure what the story is why it hit uh it opened today at 79.00 round number high had an actual high of 18.56 and then it plunged down to 76.24 and now it's kind of struggling to hold the gains um but what's really important about this long-legged doji in the day is young that can change by the end of the day is that if there is a move in today um above it's a 72.08 if a guest is 79 uh 78.80 to 79 that's taken away the whatever the impetus was to smash to the downside that's kind of given it now I don't know if you're looking at the charts can you see my charts live right now or not yes yes sir yes sir okay so let me let me show you something in the Chapman wave the start back in June um of 20 there's a 120-minute chart getting back to oh I sorry I was going to say how can 120-minute chart go back to June this is this is back in the the fifth or sixth of March at the 74 area went to a peak ABCDE and it had a big spike it had a Chapman wave Roman candle went above it went to uh up to the 87 level and then pull back what that gave me is a series now of lower lows that I can draw what I call the Chapman inside track uh repellent zone or this is this is actually the propellant zone uh if it goes under it it become a repellent zone so this the pink and green line where it went to this morning was exactly the low of 7624 was right on the line that line also coincides with the Chapman wave inside wedge target support line in the arch formation that said it crosses actually goes just a tad lower and that says if square starts to pull back it needs to do it fairly soon because the long wick of this candle is saying it could even close a doji candle today almost at the open price and we'll have to see what happens but most importantly you want to see this wick at 77 16 you want to see they're taken out preferably today and one of the reasons is if it stalls this could go into a rectangle formation and just go sideways it doesn't even have to break today's low if it goes sideways that's the reason why I was saying to you time is of the essence that's number one number two is I've got another left side right side price tie match with a plum line not quite in the middle um and it says that by the by three uh is that three yeah three thirty on the eighth of April eighth of April will be April that'll be on Monday if you take out if you take out today's low my target would then be the low that was made on the uh at exactly the same time on the fifth of March of 73 77 so that's what I'm looking at that's that's the side that you want to be on right now however I have to tell you based on my ten minute chart today because we have to you have to get this impetus to roll over which so far it's doing but if whatever reason it starts to trade above yeah above 70 78 60 um it's just going to stall and go sideways so the impetus you've got right now I like that now you said you would have two positions one is you get out that was a 75 something the other was 74 yes sir on 50 day moving on a daily 50 day moving average uh let me bring that um it is it is 74 50 74 50 74 60 but let me let me tell you one thing mr basil if you look at the 60 minute chart you'll see that you'll see that the candle is below the two 200 moving average and the 200 ema exponential it crossed on the 200 sma so that is a very bad sign that is a good sign to go shorter when ema rolls below the sma at 200 200 moving average that is a weakness that's a big number one number two it is both below the 50 day moving average in 60 minute and in 30 minute the one that you were talking in april you're absolutely right it pulled up but in april it didn't even in march it didn't go it was not below the two 200 it was above the 200 so whenever it is above 200 that is just clearing or it is correcting itself but when the candle and the five day sma goes below 50 day moving average and it goes below the two 200 the ema and sma that is a big with with a weakness so that according to that i'm shortening that but whatever you say is absolutely right is correct but uh i'm going to i'm going to wait until it goes to 50 day moving average at the daily chart and then i'm going to get out there and see if it's going to go below then i'm going to have my second position i'm going to get started to go shortening but if it's no then i'm going to go long okay i i could i could see yeah i can see what you're looking at i've pulled up my own 60 minute chart uh this one has chapter 8 automated support and resistance levels 76.67 is the support and the 60 minute chart the automated support and today it went down to 76.24 and it's above it now 77.65 yeah so i agree and also look if you're looking at this look that nine-peered moving average that's just beautiful that is under the 14 it deflected lower i've got these are not bowland japan's they act like bowland japan's but they are uh oh those are these are the bowland japan's okay yeah so it's testing right now the support level of the bowland japan if it goes under it then all of a sudden um then then you can target the lower part of today's range. I do not use the bowland japan what i use is a regression line it's a it's a curved regression line on a 30 minute and if that goes below the regression line that is a weakness it's a big weakness and it is a hull mode h a l l that is another another line like regression line that both of them showed me negative so that's why i'm hoping and holding you may be right this may turn up and go up anywhere that he wants to that doesn't matter because i shorted that and i this is my theory but you're absolutely right too yes sir yes sir i'm just giving i'm giving you the what if it doesn't work that's all but so far you're absolutely correct and you've got enough indicators to say that you know exact for instance 7817 right now is is a 10 minute resistance line so if you're just looking at uh what to follow and have a trading stop that'll work great i think you've picked the right one and you often pick this one congratulations very nice you're going to be following thank you sir thank you for your time and listening to me appreciate it bye bye thank you very much for calling gary so folks that was square it's actually called blocked out i don't know why that will change the names matter give me a break facebook was great i mean you know alphabet ah stick with the name man all right i'll be back dollars up 166 as he's up 34 dazzle chapter target technicians out we'll be right back 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 seasoned 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 in the world of trading only a few names stand out like larry pesevento 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 1000 traders with his unmatched expertise introducing fibonacci 24 7 larry pesevento'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 dollars 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 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 in 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 tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv i first we're back and we're looking at i can't believe this one look at this this is unbelievable i love this kind of pattern this is fcg for first of all rick rick was i was asked about rig they go together um first one is let me just do this because i haven't notated this yet uh rig so rig is trading uh question is what energy stocks rig so this trans ocean limited offshore drilling oil and gas we were looking for that leg d above at 679 it was back in uh january i think it was and it hit that then pulled back sharply to 445 there's offshore drilling oil and gas and then it went to that exact level yesterday actually went a little bit above it in leg d so the technicals are very strong on balance volumes a little overboard it should pull back a little bit here towards the 620 620 it's at 669 628 to 620 i'd say is really good support and a pullback and then the other one you were looking at thinking it's already down because i forgot already fcg i don't know what this is called uh oh this is first trust natural gas okay i've done this before but i don't have the notation in front of me yeah so this is acting well this kind of this little worm crawling up the branch of a tree this is the most fantastic pattern what it says is unless it's something that really knocks it for a loop so it takes out six or seven bars on the left side any pullback should be bought and it just keeps doing that until it doesn't and right now it's getting to the point where at 2018 i can see a bit of a pullback my thinking carries that the 29th 20 high 28 low 29th is going to offer a lot of resistance i like it very much if you're not if you're in it just stay in it there's nothing to do it's just looking fabulous and the week monthly the monthly chart says the target should be the 31 32 area in this in the summertime so let's get back to it tomorrow do a little bit more work on this uh before we do it i'll do it again tomorrow put it down in my notes and someone remind me uh peaky remind me so with that said i'm gonna hand you over to Steve wrote days young guys up on 76 and please up 34 i'm j