 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks welcome to the June 28th the wonderful Wednesday edition of today's Trader's Edge show I'm your host DV Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past hope everyone out there's having a great day let's make sure we have an extraordinary one now the easiest way to do that is to always remember that life is happening for us not to us that's right when you and I make that one little two by four shift it means we can find the gift in every set of circumstance that life is going to toss at us now today you and I we're going to go check on the circumstance of these markets we'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning I want you to know I'm absolutely grateful for your presence here but even more important than that and that's this during this next 53 minutes I'm here to serve you so feel free to pick up that phone would love to hear from you at 877-927-6648 enough you've got a question but you can't call in you can always send me an email send it off now send it off early send it to Steve at tfn.com and decide the subject today and if you'd be good enough to put radio show question now if you're inside our tiger's den will that any and every pain will do so let's go ahead and get this show started on a wonderful Wednesday of course this is tiger financial news network I'm Steve Rhodes welcome to the show right now at 1108 we've got a mixed bag to the downside you get the dial off 148 s and p soft just slightly rustles off just slightly semis down eight points new york stock exchange off 59 to the upside and the x174 points a half a percent trend is up 27 to 10 percent nasdaq composite a half percent 64 points there golds off seven bucks silver down 17 cents while lights recruiters trading out at 68 87 that's up a buck 17 natural gases off three pennies trading now down below the top of a daily profile we'll take a look at that during the show in the 30 treasure is basically flat out there 127 19 lane to charge dollar wise the upside is mercado libre that's up 42 bucks mond god is up 22 bucks netflix is up 16 about 4% snowflake 13 7% magical pharmaceuticals 6% 11 bucks in change so the downside is regenerate pharmaceuticals off 26 bucks 690 is where it's printing axon therapeutics 10 bucks 12 percent hershey's down nine bucks a little over 3% tractors fly three and a half percent or eight bucks north rip grumman about seven dollars one and a half percent the downside we've got some movers and we've got some shakers but let's begin by taking a look at what what do we want to take a look at let's take a look at well let's see where we're at market breath wise always good to start there let's start with the shortest time frame first let's say 30 minute time frame this is a 30 minute market breath here for the s and p 500 chose 182 instruments below profile 100 above that is a bearish signal for its 30 minute time frame if we look at the ndx 100 for its 30 minute time frame it'll take just a moment here for this to populate but shortly we'll know that we've got 18 above 29 below so for the 30 minute time frames we have negative market breath so selling pressure should if we take a look at those charts in fact let's just take a look at those charts let me get those up on our screen just to try to get a feel if we can as to where price might be headed to so if you give me a moment here we'll populate those 30 minute charts see if there's any kind of signals out here 30 minute equity futures now we're going to go ahead and change screens we'll see the white background screen so pop up here momentarily and it will be able to take a look at the e s and the q we can look at the other ones as well we'll take a look at what's going on with regard to their 30 minute time frame charts sorry that it's taking so long here to populate in the case of the e s mini it's got negative market breath but price above a green offset or change line that is a bullish signal that suggests really that instead of moving lower what the esp wants to do is move up to 44 24 you're trading above a 30 minute profile above a green offset or change line those are conditions that are bullish and the same is true with regard to the nq now in the case of the nq other than a to b equal cd pattern of the upside i don't have any other price targets out there so even though you've got negative market breath the technical signals here and that the es gets to 44 25 and the nq continues to move higher out there let's take a look at the market breath for the a little bit larger time frames here we go to 60 40 we go to a daily and weekly here momentarily in the upper left hand corner this is the s and p 500 bullish across the board for their time frame 60 40 daily and weekly let's try the nand stack 100 which is bearish for its 60 minute time frame the others are bullish 240 daily and weekly on a 60 minute time frame 32 above 40 below so let's come back here let's just switch over take a look at the nq charts themselves if you give me a moment i think we might have that up here there we go and yes we do have the nq so for its 60 minute time frame the 60 minute shows the a to b equal cd pattern that is in place out here a price above profile to green oscillator change line so even though it's negative market breath technical indicators said that just wants to continue to rally now there's the a to b point if we just simply move this over to the c area out here see if i can do this here get it pretty close okay and that's going to give us a a price projection that takes us up towards don't use this exact 15 300 ish area out there that's on the and no other topping signal now price might pull back to test old resistance which could become new support that's at 15 139 out there so with regard to the nq even the time frames that have negative market breath are still suggesting that price wants to move higher out here let's just stay with the nq charts a 10 minute has a td nine count top so its level of support would be at about 15 140 or so on a further pullback 30 minute chart if it did generate a 30 minute bearish reversal candle we've got 17 minutes ago so too early to call well that could then confirm a rogment dominicator top so we'll have to come back to that at around 11 30 60 minute though no other signal out there the 120 minute chart a close above 15 139 at 12 noon so another 47 minutes from now if we get a close above that that will negate a td nine counting confirm the a to b equal cd pattern that we just took a look at so overall with regard to the let's take do we do this for the es mini i don't think that we did so let's take a look at its charts we know the es mini it's bullish for every time frame with the exception being that 30 minute chart so on the 30 minute chart we took a look at that on the other screen that suggested to you and i that price wants to move higher but let's get this entire set of charts here popular it will see what information they are providing for us a different signal i would think then uh then with regard to what we just took a look at with regard to the nq so with regard to the es mini daily basis on a pullback should find support at the center i'm sorry that's oscillator change line that's at the six no i don't have the right instrument up here good lord let's try this one more time oh that didn't work either jeez steve sorry about that folks well we'll get it up here during the break and then we'll like get whatever charts whatever requests we've got one to take like a bk ng that's for tim peak jesus steve what's your read on silver and gold the demark signal so take a look at silver and gold as well steve roge with tf and n would be right back tigers and tigers get ready for our annual fourth of july tiger dollar sale from now until july 7th you can receive a 20 30 or even a 40 bonus when you purchase tiger dollars tiger dollars are automatically applied to your account and can be used for all subscriptions and purchases don't wait this sale ends july 7th visit tfnn.com today to purchase tiger dollars and receive a 20 30 or even a 40 bonus as an added bonus every order comes with a special tfnn mug happy fourth tigers tfnn educating investors currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks instead of just going to the es mini charts out here i put up the two hour charts for each of the equity future uh chart contracts out here so and the es and the nq are the ones that are really controlling uh where the market is headed to so with regard to the es i'll just simply expand this out you can see that yesterday yesterday morning this form day roadsman to indicator bottom actually did that at five o'clock the night before and that led to a nice rally that rally ran out of steam at its td nine count breakdown resistance here at 44 2375 you can see not only to do that it generated a bearish reversal candle a bearish shooting star now what price is done is pulled back to test support whatever you form some type of top and the getting back to a resistance can be a top in this case it was all that price really needs to do is get back and test support well there were really two levels of support on the two-hour time frame the first level was profile support that was tested and that was held that held all the way up until 10 o'clock this morning but the other level that hit and we had not certain change on that change colors out here did that at midnight a test of rejection of a not certain change on that change colors is a confirmation of that color well agreeing tells that price wants to move higher so support is held resistance held yesterday the question is will resistance hold today 44 2375 is the number what happens if that level fails well the next target would be the td nine count breakdown resistance at 44 3750 a price were to close about 44 3750 then i would say it to it to be in the two-hour time frame chart would generate an a to b equal cd pattern of the upside it looks like this i'm just simply going to move the a to b line over to where the c-point would be right now and that would take us up towards the 44 55 level now that c to d that b to c retracement there looks like less than a 0.618 so this would really be more of an expansion of that c to d leg out there but you have to take things one step at a time and it's really too early to say that with a conviction but i say it with enough conviction at this stage of the game so watch 44 2375 and 44 37 that so the s many has given us a nice bullish test remember we've got bullish profiles we got bullish profile market breath for the 62 40 daily and weekly and the 30 minute had a slightly negative market breath in the case of the nq it's really going to be where's that close at 12 noon if the close we've already talked about this but if that closes above that td9 count top out here that's what really ran the tables yesterday and that that's what identified the high out there and so close about 15 139 25 and the close above that as we come into the 12 noon time frame would then negate that pattern and then confirm that a to b equal cd the upside that we took a look at out there the other two equity future contracts the ym the dow don't have much here we've got a nice bottom there's a couple of different roads meant to mitigate our bottoms out here but don't have much else 1867 80 for the Russell 2000 has proven to be a key level of resistance that's a td9 count breakdown level if price can overcome that then 1882 80 would be the next area and if it can overcome that then it's going to tell us about an a to b equal cd upside that it too will live form for the two hour time frame chart so no reason really for us to go take a look at those other charts out there we've given you a couple of data points that are really the key data points i would say the nq being the first key data point out there and again that number comes 12 noon is going to be 15 139 25 we close above that you've got a to b equal cd the upside for the rest of the day out there so hope that helps you out whoever you are and let's go take a look at the first we'll only have two three requests that have come in let's go ahead and get those off of our table here the first one coming in from tim he wants to take a look at bkn g out there so let's pull that up let's actually read the message that's booking holdings that is actually um booking holdings is oops she's louise come on stevie wake up here um expedient uh so tim right said he says good morning would you uh would love your analysis on bkn g no position yet okay so we take a look at uh booking holdings out here on a daily basis prices traded so informed erodesment to mitigator top price pulls back don't know why at bottom where it did that bottom on may 31st but it did bottom and the very next day price gets back up inside its profile levels you're now above profile above a the resistance of its oscillator and changeline the resistance area here tim that is dealing with is the uh swing point from june 6 and a close above 27 29 27 27 29 27 a close above that is going to suggest run back to its all-time highs up at the 27 86 level not until that happens will we be able to make that we will be will we be able to say that also with conviction what we can say is that 27 31 75 is also going to be a level of resistance that is coming from the weekly profile the weekly shows a confirmed roads meant to mitigate her top that then led to a test of support which was the bottom of its profile 24 87 so we actually have right now tim is a consolidation between 24 87 at 27 31 the monthly time frame will likely confirm a td9 count top this month but that high can come next month so um that's the that's the call right now today is what june the 28th out there so it looks like a pretty decent outcome that on a monthly basis you get a td9 count top so let's summarize it you could get a monthly td9 count top you've got a weekly that's already in place with the roads but do the same thing on the daily that would then say if we get that that price needs to close above its all-time high to really be on its merry way so in summary right now prices dealing with that resistance level that was a swing point high from the trading day of june the 6th if it can overcome that it gets back to its all-time highs you basically have a consolidation between 24 87 and 27 31 so tim i hope that helps you out with regard to bkng pork belly inside the tiger's den wants to take a look at riot riot is the ticker symbol out there let's go see what riot is doing riot right now is trying to take out a key level of resistance that's at 11 dollars and one penny you're at 11 83 right now so riot platforms if it can maintain that stay above that 1101 area pork belly that likely signals to you and i their price wants to make its way up to the top of its weekly profile which have been tested three different times that is acted as resistance that's at 12 58 the question for you and i is will the fourth time be the charm out there and i don't have any idea but uh the daily chart is then signaling to us on the weekly chart that price at least wants to make a move to that 12 58 area the monthly chart shows a price above the top of its profile above an oscillator and change line so that's not a bearish condition that's kind of a neutral to bullish condition out there so it does look like to me right once to make a run for that 12 58 area and what you'd love to see you know from a volume standpoint it's inside a swing point that has volume of this is april 21st 106 million shares so far this week you are at only 55 million shares but we do have two more days to go see roge with tf and we get back to this break we'll take a look at the advanced decline line and the advanced client indicator oscillator for peter inside the tiger's den 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 obrien 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 obrien's gold report newsletter now at tfnn.com tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been 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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 tfnn educating investors 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 folks now it's off 115 s and p's down to nasdaq 136 russell just turned slightly positive at one point some eyes down 21 trainees up 48 we're taking a look at the new york stock exchange it's advanced decline oslo as well as the advanced decline line so panel number two out here is the advanced decline line peter which actually topped uh hit it's a high back in 2021 and ever since then we've seen a declining tops kind of scenario but we also have a bottom and this bottom back here in 2022 in october 2022 and so we have seen higher lows out there so it's kind of trading with inside a wedge what i can share with you is the following we did see a divergence where price was moving higher while at the same time the advanced decline oscillator the oscillator is the difference between the 39 and 19 period exponents moving average of the advanced decline line it's a mouthful but it is what it is and there we had price moving higher with the advanced decline oscillator moving lower that was a caution sign now we've not seen much of a pullback in fact all we've really seen is a consolidation with inside profile levels for the es mini for the nq out there the reason that the market has not gotten any real downside action just normal actions because that spot bottleneck still remains below its 50 day exponents moving average of 50 days at 1593 as we speak if price were to close above that well then we would get rocking and rolling to the downside that's not the uh a situation that we have right now so peter i hope that that review of the new york stock exchange the advanced decline line as well as the advanced decline oscillator helped you out we are or it is the advanced decline oscillator that is is above zero it closed above zero yesterday a second consecutive close above zero will tell us that the buyers are the ones that are in control of the general markets out there so that's the advanced client oscillator as well as the advanced decline line that was for peter in park city sharky wants to take like a ticker symbol am tx so let's get over to those white background charts give me a moment we'll get over but they make sure we've got the screen up on that as well so we'll change our screens we'll get over to am tx there we go that's what you've got up on your screen so am tx and what was the question hey steve i hold the position am tx was wondering what your analysis says it has a potential to go pretty easy um as you take a look at these charts out here am tx the first area at sharky that you're watching is going to be that daily asset or a change line price right now is trading above the top of its daily profile so you would love to see a close above 648 today 648 is where the sellers resigned there's another batch of sellers and they're at that green oscillator and change line that currently is printing out at 670 a price can close above 670 you'd be above a green oscillator and change line and the top of its profile and sharky the message there would be price would be targeting its most recent high out here now the volume on that candle session the swing point that is that june 12 session did volume of 1.9 million shares in the first two hours of trading today this has done 367 000 so you're basically at about a million shares you're coming into a swing point that has volume of 1.9 million shares with probably half or less than half of the volume so it's not like it's having a breakout party so to speak that doesn't mean price can't get up there what it does mean is you really want to watch that 670 level I'm not talking 671 I'm not talking 672 maybe we're talking 675 you'll know when you'll see it out there but a close above a green oscillator and change line is a bullish outcome on the weekly timeframe you're trading above profile levels well let me make sure of this new profile form last week the highs at 659 yeah so watch 659 you'd love to see a close above that this week that would be another bullish outcome on the monthly timeframe price has gotten back inside well I take that back it was always inside the profile it is trained above the top of the profile now that's a bullish outcome if price goes above 584 this month sharky that would be bullish signal you'd have a bullish signal there you'd have a somewhat bullish signal on the weekly it's really up to the daily to get above that oscillator and change line if it does price gets back to those highs don't know what happens after that that's your resistance area so I hope that helps y'all sharky with regard to am tx that is amethyst ink out there that is dealing with the top of its profile out there I do see I've got a slight delay right now it's actually printed in 647 so it's back below the top of that profile out there so thanks much for taking the time to write in the next question coming in from allen inside the tiger's den and now let's take a look at natural gas so let's pull that up on our screen out here we'll have the daily weekly monthly it's interday charts out there so the turn the financial gas on the monthly time frame chart bar number eight is very likely going to form this a month the question is will bar number nine complete in order for bar number nine to complete that would be for the month of july you would need to see a close below two dollars and sixty seven cents you're two dollars and seventy four cents right now so I don't know if the monthly chart is really going to pull off we don't know whether it's going to pull off a bottom pattern or not the weekly chart has a confirmed roads with the indicator bottom what price is done it's run right into resistance of the cell zone the cell zone out here allen is the bearish structured profile levels and that is between the price points of two dollars and seventy seven cents and two dollars and eighty eight cents that is the deal that is the area not the deal but that is the area that this is dealing with and the price can close above two eighty eight well then you're on your way to two twenty seven so you've got a somewhat suspect bottoming signal on the monthly a very clear bottoming pattern on the weekly and the daily chart out there what does it have good question it has formed an a to b equal cd at the upside that should take price to the three dollar ish area out there but price is pulling back what is it pulling back to do well it's trading inside a brand new profile now the top of that profile this form yesterday is two dollars and ninety three cents is it two ninety three two dollars and ninety three cents there where is it on my other charts just give me a moment here my apology for that but I just wanted to see what I've got there it's at two seventy seven that's the august contract so we've got two different profile levels out here but nonetheless either way we are below both of those levels so if I use the most conservative that's two point seven seven if you get a close below two point seven seven today alan that's going to suggest that price will pull back into its bullish structured zone the bullish structured zone is between two fifty five and two sixty one the oscillator change lines at two sixty four that is where your target on a downside move should define support that would be the area to consider getting into a long position but what you'd also love to do sharky is as price pulls back to those areas assuming that it does you'd then like to come down and take a look at the shorter term timeframe charts and find some kind of bottom patterns maybe it's a td9 account maybe it's roachman dominicator maybe it's a buy the d-point maybe it's something else I don't know what that's something else is maybe it's a wave d e f or g with regard to the Chapman wave tools out there we don't have that signal yet wasn't expecting to be to see that signal but that's what you'd want to look for so overall with regard to natural gas alan looks to me like if you get a close below two seventy seven that's signaling to you and I I'll move back to the two fifty five to two sixty four level out there and as price does that we'd want to look for some type of bottom signals on the intraday charts in order to establish a long position inside of natural gas so one of the reasons you want to do that is because of that weekly that weekly roachman dominicator bottom and although it's not shown here folks I believe that we are in a yearly final td9 count bottom inside of natural gas see roach with tfnn we'll be right back you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts 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designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by Vista gold traded on the nyse American and TSX under the symbol VGZ back folks so we're going to go take a look at the silver for one of our dinners peak G used to go by peak D and then I guess I convinced him to move it over to peak G now if you're I have had these charts up on my screen for during that for a little bit of that radio commercial peak are you seeing what I'm seeing out here I think you like hockey I'm pretty sure you like hockey and but in whether you like hockey or not you probably at least like hat tricks are you seeing the hat trick that I'm taking a look at yes lots of laughs for sure and the hat trick that we're taking a look at I've got the charts for August gold up on my screen September silver and then the GDX what you'll see is that on the gold chart it is in wave number seven that wave number seven that triggered today we need a higher low in order to confirm that pattern the silver contract already confirmed a wave number seven pattern did that a couple of days ago and the GDX just triggered wave number seven wait it didn't you know a peak is still in F it just extended no no no no no no yeah no it just extended F we're not there we're close we're not there but we're are close out there so the question is will these peak G's the seventh wave move is that the bottom signal for gold silver and the GDX it is a very good possibility out there now in the case of gold gold you'll see really three different A to B equal CD patterns out here one is in B one is in B one is in blue it starts with B so that blue one is a is a a net gives us a price projection around 1877 or something like that the red one the red lines get us down to 1848 and then the black lines out here actually was more than a one-to-one expansion out there and here's a key reversal bar June 23rd a close below that low which is 1919 50 that would suggest to me that well we're more likely they're not going to complete that A to B equal CD the one in blue or the one in red out here the one in black is already confirmed and we're getting a wave number seven but a close below 1919 50 you know negates that signal in the case of silver you're trading with inside a Bola structured profile a resistance is held the oscillator and change line is held out there but you've got a bottom you've got a wave number seven bottom out here and with regard to the GDX no bottom yet a bullish reversal candle would confirm a roadsmen dominicator bottom so maybe we're getting close out here a peak maybe it's going to be the trifecta the hat trick out there but we need to see a higher low inside the GDX then one more push lower to get to wave number seven you can have peak not peak but trough geez across the board basically in the metals and the mining area so thanks much for waiting on that and I do hope that that helps you out Charles wrote in and he wants to take a good Palantir PLTR is the ticker symbol let's pull up those charts and actually read the question the question goes like this bought as a swing trade june 27th so that would be yesterday do you see it getting to 1626 and in the next 14 days charlie and frankenham charlie there's a new profile that formed and that profile top of that profile is at 1490 your trade right now at 1512 or there about some make sure i'm on the right screen yes i am good okay so we got that out of the way if price closed about 1490 this is PLTR that we're taking a look at Palantir the nods favor it's going to make a move to 1582 you're asking me about 1626 1582 ish is the green oscillator and changeline in order for price to get up to the levels you want 16 dollars and 26 cents to be exact price is going to need to overcome that level if it does then what price likely does is gets back to its recent highs one recent high would be up at the price level of 1691 and then the second one would be up at 1716 if we look at a weekly time frame chart the weekly time frame chart shows if prices deal with resistance that's at 1716 1716 is the top of the weekly profile you're right now trading into the center of its weekly profile that's at 1518 the monthly chart looks pretty good but it is still below profile levels 1985 would be a resistance area so back to Palantir and back to Charlie from Framingham and this question is will this get to 1626 a close above 1490 says 1582 ish is on the board and you get a close about 1582 and you get back to those highs which would get charlie to a 1626 number the only thing that's really causing problems on the weekly our profile levels you got to consolidation within them so charlie i hope that helps you out with regard to Palantir last piece of information that can shed or provide to you is that looks like this will become day number two of consecutive moves higher typically this will move higher for three to two to four sessions out there so it does look like you are likely to get some type of short term top over the next couple of days maybe that is a little bit of a pullback but that's the typical dance step moves inside the market and inside most instruments out there so charlie thanks once we're taking the time to write in let's go to our next question this is from bob and spoke can bob writes anyone's take a look at micron emu is the ticker symbol and emu today ran into some resistance at 6765 6765 is a daily oscillator and change line it also ran into support and support is the bottom of its daily profile that's at 65 76 out there so you're trading in between today support and resistance which one's going to fail not a single clue if we look at the weekly time frame chart price this week has pulled back it's been retesting the screen oscillator and change line it's trading with inside a profile conditions are basically a bullish to neutral out here you just have a consolidation as we speak right now but the consolidation suggests higher price that higher price would take place with a close above 6764 bob and that is the daily oscillator and change line the weekly or the monthly time frame says i don't know what kind of higher price you folks are talking about i like this good old-fashioned consolidation the consolidation runs from 5150 up to 6977 so bring it on home for stevie you got a consolidation between 5150 and 6977 if you close above 6977 well you move a little bit higher another buck now it'd be up to 7777 out there and then if you get above 7777 71 42 would become the area to be watching and to observe so bobbin's bokeh and i hope that helps you out with regard to micron mu is the ticker symbol i don't see anywhere other requests inside the tiger's den i don't see anything i don't see anything by phone i see just a comment by nancy out there so let's just stick with micron here for a moment let's take a look at ammu see if we can find its seasonal okay my aren't we really that's hard to believe it doesn't have micron in there let me just make sure it's not a stevie thing no it's not ammu am i guessing we did this before huh it's not in there all right well stevie hey as long as you can't get micron what do you got up on your screen right now you know it's an excellent question those of you looking at watching us on tiger tv or watching us uh inside the tiger's den you can see it's the s and p 500 it's s and p 500 for 95 years the red line equals today as you can see this red line says we should have bottomed the s and p 500 yesterday and that it should move higher into the middle part of july i'd say very likely it moves higher into at least monday as we come in that holiday weekend there's one thing that david white taught us it's that to expect a change in trend after a holiday not necessarily before the holiday she roged with tf and n by the way that movie the holiday that's pretty good movie too we'll be right back if you're looking 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off 86 s and p is up two nasdaq is up 63 rustles up four summaries down 13 trend is up 89 out there we're taking a look at the stock charts here for apple so apple yesterday negated a td9 count a um as well as a erodesment of indicator top it did that by one penny when it closed above the bar from the trading day a couple days ago june 26 the high of that bar was 1805 yesterday's closed 1806 and that's where a penny does make a difference now you've got negated signals no other topping pattern you're above the top of the profile of green oscillator and change line that suggests we want higher price as we look to the weekly chart you're in bar number seven of a td9 count so there's no topping signal there as we take a look at the monthly chart price right now is taking out prior resistance prior resistance was erodesment of indicator top a td9 count top a wave number seven top it had a little bit of everything and i was on a monthly basis back in january of 2022 price pulls back and tests support its breakout area at the 123 13 level and now it's been off to the races to the upside and i don't know where we end the month but to a certain extent it's going to be a gigantic surprise if apple doesn't continue to move higher for at least the next couple of days what do you mean by that stevo well let's take a look at its normal dance steps out here first market center in bull markets the pullbacks out there do not extend beyond four bars and if we take a look at apple coming off of the bottom here from back in january of 2023 we've seen a number of consecutive moves lower but we have not gotten beyond bar number four to the downside a couple days ago was your typical two bar knee jerk reaction low well today is only going to be bar number two to the upside just like we have four consecutive bars to the downside and then we usually get a pullback we should likely get four consecutive bars to the upside that says apple should continue to fire today tomorrow and friday monday maybe not so much but most certainly it looks like apple wants to continue to move higher if apple moves higher the nq should move higher as well folks have a wonderful wednesday thanks much for joining us stay tuned we've got great programming lined up for you i'll be back with you on terrific thursday take care and have a great day