 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes, all now toll-free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge now Steve Rhodes. Good afternoon, folks. Welcome to the June 30th, the terrific Thursday edition of today's Trader's Edge show. I'm your Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. I hope everyone out there is having a great day and let's make sure we have an extraordinary one and the easiest way to do that. Well, it's to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance that life is 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 just passed one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here and 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. You can dial in at 877-927-6648. If you can't dial in, hey, we've got you covered there, too. You can always send me an email. Send it early. Send it to Steve at tfnn.com. And inside the subject, and if you'd be kind enough to put radio show question, that would be a wonderful thing. Of course, in our Tiger's Den, well, any ping will do. So let's go ahead and get this show started on terrific Thursday. And of course, this is Tiger, Financial News Network, I've Steve Rhodes. Welcome to the show. Right now, we've got all the US indices trading in the downside. Dow's off 155, S&P's off 14, Nasdaq's 72, Russell's down 3, Semi's off 1, Trendy's down 35. So the big loser, percentage-wise, is the Nasdaq 100, Saffa's 72 points. Gold's off $7.50, trade out $18.10, a close below $18.13 will suggest lower price. Silver's trading out at 2035. Nasdaq's off 38 pennies, let's recruit down $3 and change, $106.66 is the print there, natural gas off $0.79, trade out $5.70, and the 30-year Treasury is up 1.5 points, trading out at $138.15. So let's begin by taking a look at the index ETFs out here. Just try to get a gauge of what has taken place so far. What's taken place is two of the four. That means the Qs and the IWM have tested their swing points. In the case of the Qs, it was the top of the swing point from the trading session of June the 16th. Now that has volume of 81 million shares. We're at 46 million shares right now. In essence, we've been trading for three and a half hours. If we did straight line math, meaning we took 46 million shares divided by three and a half times six and a half, just a straight line equation out there, we'd get about 83, 84 million shares or thereabouts. So we may be pushing in that swing point with lighter volume. Now it's very possible that we're going to see volume curtail. And maybe you're going to get, if it's less than 81 million shares at day's end and price close above $276.06, you'll have a test rejection of a swing point on the Qs. You will have a test rejection of support, meaning the bottom of its profile. And that's going to suggest if you can't buy some of the downside price, we'll try to bust them to the upside. Where's the upside? $296.75, the top of the daily profile. If we take a look at the IWM, that one's much more clear. 14 million shares so far, if we do the straight line math on it, no way it gets to 43 million shares. And as long as price in the IWM remains above $168.42, you'll have a test and rejection of a key swing point on lighter volume. You can't bust them down, price will try to bust them up. Now where is that? Well, the interesting thing here, really in all cases, this could be today, could be the C point of an A to B equal CD to the upside. But the bust them up level inside the IWM that we'd first have to go to is a swing point from just a few days ago, June the 28th, and so its target to the upside is $178.15. You get above that, and you move into that with more than 25 million shares, then you'd have a confirmed A to B equal CD to the upside. Now in the case of both the spies and the diamonds, those are charts on the up-hand side, they never got down to their swing points, doesn't mean they can't. What they did get down to was support. Now it was the bottom of its daily profile. For the spies, that's at $375.19, as long as that holds, conditions remain bullish. Bullish because in the daily timeframe, there is a buy the D point pattern. If we take a look at the diamonds, also a buy the D point pattern, price, test and support, that's the bottom of its profile. Now both the bottom and center for the diamonds are at the same price level, 30501. That is a strong level of support. So how do we summarize what's taking place inside the index ETFs? You've got test and rejections of key support levels, two of them are testing swing points. The Q's I can't tell just yet at 111, whether we're gonna have more than 82 million shares or not, but if we don't, and price remains about 276.06, it can bust them down, it'll be on later volume, we should see the rally begin, continue tomorrow, likely on Tuesday and Wednesday as well. If we take a look at the S&P 500, we dived out into the sectors, what we're going to see here, if we're just looking for test of swing points, first just the bottom of a profile, what we have out here is the XLK. So the number one weighted sector inside the S&P 500. It is tested at swing point, which has volume of 16 million shares, you are not gonna have anywhere near that volume come days end. As long as price close above 125, 57, you will have a rejection of that key swing point. That suggests to move up into the 134 area. If we take a look at the XLF, the financial sector, it to a test and swing point, that swing had a volume of 100 plus million shares, you're at 32 million shares, I don't care how you do the math, there's no way we're gonna generate more than 100 million shares. Now, that doesn't mean it can't possibly happen, something would have to get really crazy, not that we can't get really crazy, but at 1.12 in the afternoon, Stevie doesn't see crazy out here. What Stevie sees is a test and rejection of a swing point on lighter volume. Back to that, you can't bust them down, time to try to bust them up. In the case of the XLY, it's testing the top of its swing point, that swing point had volume of 12 million shares, you're only at 3.7, if price close above 137.72, you're 137.94 right now, another test and rejection. The communication sector is tested at the top of its swing point, that's at 54.17, the volume there was 6.9, you're only done two million shares, again, a rejection of a key swing point, the industrial sector testing its swing point that had volume of 14 million shares, you're only at 3.9, another test and rejection on lighter volume. The XLB, the material sector has tested the swing point low, that was at 72.77, we're trading at 73.72, the test is gonna be on much lighter volume, that volume was 9.5 million shares, we're at 3.2 as of 1.13 in the afternoon. Those are the ones that have tested swing points, the ones that haven't tested swing points, such as the healthcare sector, the XLV, that's trading above the top of its daily profile, it remains bullish, the XLP above the top of its profile, it remains bullish, the real estate sector trading above the top of its profile, daily profile, that is bullish, the utility sector above the top of its daily profile, that is bullish. So what is that saying to you and I about the S&P 500 or certainly at least the sectors within side there, couldn't bust out the lows, time to go try to bust out the highs. Now, if it's gonna do that, what it's gonna need is positive market breadth. So let's look at market breadth for the S&P 500, let's look at it for the nascent, let's focus right now on the S&P 500. Now, this is the 30-minute timeframe and just as of about a minute ago, two minutes ago, we've gotten a bearish crossover. What that means is we have 185 instruments for the 30-minute timeframe that are trading below the bottom of the profile, 109 that are trading above the top of the profile. So what we should see and we'll take a look at that 30-minute file when we get back to the 30-minute chart is we should see a continued pullback, the question is, a pullback to where? That's what we'll cover for you and then we'll take a look at the 60, the 240, daily timeframes as well. See roads with TFNN, we'll be back in just a few. Blooming inflation, we are purchasing powers eroded, there's no better place to protect your harder and money than in gold. This is the gold flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project at a tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This is the gold just completed the Monk Todd Feasibility Study, which resulted in a seven million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, diverse party, ready-development stage gold project. This is the gold trades on the New York Stock Exchange under the symbol VGZ. 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. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com, TFNN, educating investors. Toll free at 1-877-927-6648, internationally at 727-873-7618. Welcome back folks, Tom's down 234 S&Ps up 25 NASDAQ 100, down 112. So we got the ESMini, the 30-minute timeframe chart, that's where we're starting. The reason we're starting is because we took a look at the TAS market breadth for the 30-minute profiles out there and they had just recently crossed over to a bearish direction. We can see on the 30-minute chart that price got up to a CD9 breakdown level of 3812, no other real topping signal. This suggests, and price is trading above the top of its 30-minute profile. Let me just make sure of that. I think, yeah, so the bottom, 3769, is both the center and the bottom of the profile. So that's your strong support level. So the ESMini should pull back and test 3788-50, that's the top of its profile, or it's also gonna change. I'm currently printed about 3779. The bottom of that profile, as I mentioned, was 3769. If that level fails, that's gonna suggest a retest of the lows out there, but price should get back and test one of those support levels. That's on the 30-minute timeframe. Let's go take a look at the, let me pull this all the way over now to the screen. So I don't have to change screens here for you. And let's go take a look at what's going on with regard to the other TAS market profile, market breadth dials, a speedometer out here. So you've got the 60 that's actually in bullish configuration. So let's take a look at it and come back to its chart. So on a 60-minute timeframe, we have 242 instruments trained above the top of their profile, only 130 below. So this is suggesting that what the 30-minute chart is telling us is just simply expecting anticipate a retracement. And just a retracement. Now that's gonna go ahead and bust out those lows out there, at least that's how I'm reading it at this stage. So if we take a look at the 60-minute timeframe chart, let's go see what we see out here. So on a 60-minute timeframe, what Price was able to do was get up towards its TD9 count breakdown level of 38.25. That's a price that if we see Price close above it, gotta love that language, a price that if Price closes above it, hey, yeah, sure. Okay, but if Price does close above 38.25, that's gonna suggest that we've got a change in trend on a 60-minute timeframe for the ES mini, which Price should then go target the 39.41 level out there. Now support inside of the ES mini, the ideal buy area on a pullback would be at about 37.73. To 37.73, 37.75 or so, why? That is the, so this was a bearish structured profile. I'm gonna try to open this up just a tad more. Hey, there you go, might be easier to see. So this is a bearish structured profile. We talked about the bullish structured profile. This is a bearish structured profile. In other words, there's more sellers near the 37.73 and 37.82 level, but Price closed above it at noon. Price closed above it at one. That's who consecutive bars above that. The ideal counter trend move, that would mean in this case here to the downside, would get down to that 37.73. I'm not saying that's where Price is going to get down to. I'm saying that would be the ideal buy area at that 37.73 level. The ideal buy area is so long as it holds. You can close it below that. Then we'll look at it and move to 37.45. So that's the 60 minute timeframe. Let me see if we can pull that back up. There we go, does that do that? There we go. So now that's the 60. Let's go take a look at the 200. So the 240 minute chart still has a bearish crossover. And what we mean is there's only 89 instruments trading above the top, 244 trading below. Let's go look at the four hour timeframe. Well, Stevie, if we were going to look at the four hour timeframe, it would be good if you actually had that timeframe available. Well, I do have it available. We just have to switch up panels here. Give me a moment, and we'll do that. We want to see what the 240 is communicating to us. So what the 240 has communicated to us is Price this morning, the pullback pulled all the way back. So this formed a TD9 count top. It formed a roads, we've been to Mindicator top out there. And what has Price done? Price pulled back and tested and rejected at this breakout level. Now that's a 3745.75. I just want to point this out to everybody that is out there. And there are amazing individuals within our Tigers Den, within the contributors that do the shows for you. And I guarantee it, there's not a single one of us out there that would have chosen 3745.75 as a breakout level. Folks, that is the power. That is the objective power of the TD9 count pattern. I really urge you to learn that pattern, to apply that to your charts out there. If you're not familiar with it and you think I'm talking to foreign language, let me clear up that foreign language because I can teach you how to speak the TD9s in about an hour's time. And that's an easy thing to do. There's a workshop that all members of Mastering Probability have access to. And you can become a member. It's pretty easy and you got the tiger dollar promotion that is out there. So there's no reason to not learn this tool out here. Now what Price has also done, is the bearish side of it. And that makes sense with regard to the bearish crossover that still exists inside the 240-minute chart. A counter trend move here would get us right up to the oscillator and change line because it had recently changed colors. And so far what we have is a rejection. Now, this is a two-hour timeframe chart and the bar is not over. It does not complete for another 37 minutes. That's right. 2 p.m. is when this bar will complete. What happens if the price closes above the 3816 level? Well, then that's gonna suggest to move to 3845 or 3860. What happens if it closes below 3816? Well, then we're kind of in neutralish type territory because we have a key level of sport that held and we have a key level of resistance that also is held. So that gives us that neutral zone out there. That's on the 240-minute chart. Let's go back and take a look at the daily timeframe. Let me get that popped up on our screen here because that's larger timeframe, right? So that should have some real meaning for us. If we look at the daily timeframe, where are we at? Well, we actually have a slight bullish crossover. What I mean by that, if you look over here on the left, really, you can see we have 149 instruments trading above the top of their daily profile, 136 below the bottom. So that is bullish. That is a bullish cross, well, it maintains the bullish crossover that formed last week. And when we take a look at the daily timeframe out here, we know the price got back, tested that center of its bullish structured profile. So far as tested the oscillator and change line, all it needs to do is close above 38.41 to then signal that we actually may have an A to B equal CD to the upside that is underway. So in summary here, here's what we can summarize and report back to you with regard to the ES mini. The monthly timeframe, month of June, not been a great month, but what the month of June has done, very much like we said on the, whatever timeframe it was we were looking at the 240, just like on the monthly chart, no one at TFNN or anybody that's listing in here would have chosen 36, 78, 25 as a breakout level. Yet that's what it is. Again, sponsored. None other by that TD9 count. And price got back, tested it and so far rejected. Now look, if next month we see a close below 36, 78, 25, or the month after that, that's gonna spell curtains. Those curtains are gonna say you can buy those curtains at lower price. Geez, I don't have that turned on just yet where that next figure is. I can tell you though where it is just by doing this, that figure would get us down to 28.63. So now what I'm saying is gonna take place just yet. If we take a look at the weekly chart, we still have that roads meant to indicator bottom. That remains in effect until price closes out the lows. We've got a buy the deep point pattern on the daily timeframe. That remains in effect until we close out the lows. The 30 minute chart we've covered there. That's got a nice TD9 count bottom. I'm sorry, roads meant to indicator bottom pattern out here, TD9 count pattern on the 120. Price holding support on that 240 level out there. And even on the five hour chart, you've got a nice TD9 count bottom in this forum. Price should go target 3827. If you get above 3827, then you're looking to move to the 3894 level. If this is only a counter trend move, that is where price should find some real resistance, 3894 area. So that's kind of an overview of the markets out there. I know we've got some questions that have come in. So let me start getting to those, make sure that we don't get behind on that. And we're going to a breakout there. So when we get back from this break, the first thing we're gonna look at is, looks like we're gonna look at Amazon, AT&T, the SMHs, Coin, and that's all the requests so far. But we'll take more if we get them. Steve Rhodes with TFName, we'll be right back. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee, so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room, the Tiger Zen, hosted at Discord. 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Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts today by visiting TFNN.com. 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. All of the US industry is still in the red. Dow's off 1.67, S&P is down 15. Let's go take a look at the amazing one. It is amazing, that is Amazon. The only company I know I can deliver, I can order something. I ordered something yesterday afternoon, late afternoon. And it was like a $10 product. And it just didn't feel like running out to the store to get it. And it was delivered between, it was delivered at about six o'clock this morning, a $10 item. I've got to turn off, I've got to remember to turn off my alarm system. If you know, as you're, like many of you, as you approach my front door, I've got bells and whistles that go off and the dogs start barking. They're electronic dogs, by the way. Those are the easiest I find to take care about there. But just simply amazing out there. But we want to talk about Amazon. That's for HD. And Amazon, I says, hey Steve, how do Amazon and T, AT&T look for longs? Well, in the case of Amazon, here's what I can share with you. One, today is a, so on the weekly base, you have a buy the D point. You can see the A to B equals CD. To the downside, it was confirmed with this, back here the week of May the 23rd. That was your bull sash candle. So that was your confirmation of that pattern. That's really just led to a consolidation with Insight, it's a weekly profile out there. On a daily basis, what has done, is much like we took a look at for the sectors inside the S&P 500, what Amazon is doing is testing this May 24th swing point. The top of that swing point is 105.40. The volume on that swing point is 102 million shares. You're done a 58 million so far. Straight line math for a four hour time period, 58 million divided by four times 6.5 gets us to about 94, 95 million shares out there. That says that if Amazon closed above 105.40, what you have out here is a failure to bust out the lows. It can't bust in the downside. Amazon will try to bust in the upside. Now, HD, you've got this descending trend line that has been established out there. So it's gonna have resistance on a bounce up at around the 114-ish area. If it get through that descending trend line, then you're looking at the next battle being at 117.97 and above that, your battles would be between 123.48 and 126.23. But if you're asking me, do you have a buy signal on Amazon for its daily and its weekly timeframe? The answer is yes. In fact, if we look at the monthly timeframe, we don't have any kind of a bottom pattern. What price got back to was a swing point that was a key level of a swing point back in September of 2018. And when price finally blew through that level, it blew through it in April of 2020, that's what set up that move to the upside. So price has pulled back, in essence, on a monthly timeframe to a key level of support as well. So you've got your signals, but I don't know is how Amazon will deal with those resistance levels above. So I hope that helps you out with regard to the amazing one. Let's go take a look at AT&T. We're going to switch charts for this. This was just simply to make things a little bit more efficient out here. And we take a look at AT&T. It's really the same question. Let's start with the daily timeframe. What the daily timeframe shows us is what? That's a great question. It shows us a confirmed by the D point pattern. It was confirmed with this bull sash candle that was on June the 17th. What price then did was it was able to close above the top of its bear structure profile on the very next session. That was June 21st and that set off that move to the upside. Now what AT&T should do, it should target 2147, but today HD is going to become bar number eight of a TD nine count. We know that it can be bars eight, nine, the bar following nine that can identify the top. So I would never ask you to or suggest that you buy AT&T when its daily timeframe is already in bar eight. Now, it may not complete this pattern until Tuesday when we get back out here. And that would suggest that we should see some type of a pullback inside of AT&T. That's at least coming from the daily timeframe. Chart the weekly, I had a TD nine count top price pulled back to support. That support level was the bottom of its profile, 1908 that is held. So it does say that it wants higher price, but perhaps the daily timeframe is signaling to us that we might get that retracement might get that pullback because the TD nine count pattern that in essence is in play from today for, well, bar number nine has to complete tomorrow. So let me tell you what has to happen tomorrow. Well, and when it has to happen today because this count will go away. First of all, today price has got a close above 2099. We're only at 2102. If price doesn't close above that, then you're not gonna have any kind of a TD nine count pattern out there. Doesn't mean that it's not bullish. It means it's not going to form that bearish pattern that Stevie is concerned about. So I wanna make sure you have that. That could then perhaps get you to fire away at it. If it does close above that level today, then tomorrow what you need to see is a close above 2078 in order for the nines to actually form out there. So that's what I see when we take a look at AT&T HD. Thanks so much for writing in. By the way, tomorrow we're gonna record the show between eight and nine. So I do hope that each of you can join us early or send in your questions early and I'll do the best that I can to get to those. Nick writes in and Nick wants to take a look at the SMHs. And so for the SMHs, let's go ahead and get those fired up here. But what I'm also gonna do is we're gonna switch over. It's gonna be easier for me to do this, which is to look at the SMHs from a volume standpoint on the black background screen. So we'll come back to these white background screens, but we're gonna go take a look at that volume matrix. Just earlier in the day was testing a key swing point. Let's go check this out here. Let's go ahead and actually type it in here. So let me just move this up to about here. I don't think I've got the volume exactly right, but it's somewhere around seven million shares or so. Well, the actual volume on the swing point day is 7.1 million shares. So I'll just get rid of this here. And what we can see is that price has tested and so far rejected the low of that swing point. Now price is still inside that swing point. Let me just get this here. Come on. And when I say come on, I'm talking to Stevie. Talking to my alter ego, Stevie. That didn't even get it right. And oh, that's Apigee, that's not really the line I wanted to draw there. Let me get the correct line out here. And maybe I'm not even gonna worry about it. What in the heck is going on? I'm gonna put here red horizontal line is gonna turn out to be purple. I need to change that. But there we go. So now you've got 20106. So price has tested that level, Nicholas. The volume there is 2.8 million shares so far today. So 2.8 divided by four times six and a half is gonna get us five million shares, five and change. Well, we've just said that swing point had volume of 7.1 million shares. You're gonna get a test rejection of the SMHs with lighter volume. Now, what it's gotta really do though, what I prefer that it does is get out of that swing point. And in order to get out of the swing point, price gotta close above 207.20. The actual high today has been 207.20. What slapped me upside the head? How could that possibly be? Well, it is what it is. So price has gotten up there and it's rejected that level. So puts us in kind of like, yeah, I don't know. Is it a test rejection of the lower swing point? It is, but until it closes back above the top of that swing point is sort of suspect out there. So hope that that makes sense. Let's go take a look at those white background charts see if there's any additional information that we can pass on to Nicholas and of course pass on to everybody else. So the monthly timeframe looks like this is gonna be bad news. Bad news meaning that price in the SMHs eventually wanna get back to the 126 level. Why? Because if price closed below 216.14, we will have breached or it will have breached that monthly TD nine count breakout level on a weekly timeframe for the SMHs. What do we have? Well, you've got definitely an A to B equal CD pattern. I can see that. You had the bull sash candle from last week. And so the buy the D point pattern remains in effect in the SMHs until price closed below 201.06. You got the TD nine count that is still in place on the daily timeframe. We've already discussed the test rejection of that swing point. I mentioned that you'd like to see price closed below 207.20 to really get on its merry way. You wanna see price close above that red oscillator and change line that's currently printed at 208.24. So I hope that helps you out, Nicholas. Thanks so much for writing in and those were your SMHs. Kota inside the Tiger's Den wants to take a look at EFU. So let's go punch that in there and see what are you looking for here Kota? Maybe just an overall view of EFU. EFU is the ProShares Trust MSCI. So this is dealing with emerging markets out there. And you wanna add to EFU. So we get back to this breakout here. Actually, I think it's gonna work out better. Don't you think so Kota, if I type in the direct ticker symbol. EFU, what you and I know is EFU why doesn't exist. But EFU does, we've got it up on the screen right now. 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The semis are up about four points right now. We're taking a look at EFU. So both EFU, which was a request from CODA inside our Tiger's Den, and the other one is EEV. Both of those are inverse ETFs, meaning that what CODA is is short the emerging markets out there. And I totally support that decision. And I especially support that decision because one, you've got all kinds of sovereign debt crises that are going on, defaults on sovereign debt out there. That's going to continue as long as the US dollar index is going to increase, continue to move higher. That just puts pressure on all of that debt that was denominated in US dollars out there. That means in their local currency, they've got to come up with sometimes twice as much as when they entered that transaction out there. So being short fundamentally is a sound decision. Now, if we take a look at what is communicated to us by the charts out here, the monthly chart shows a nice roadsman to indicator bottom. This suggests that over time, price has gone its way up to the 2138 level. The weekly timeframe did form a roadsman to indicator top. And that was confirmed last week with that bear, bear sash, yeah, bear sash candle out here, but here's, excuse me, CODA, here's the problem. We had a gap to the upside that was bullish. They had a bearish candle, the bear sash candle. That's bearish and that confirmed that roadsman to indicator top, price above the green oscillator and change line. So the real signal, the real message on the weekly timeframe, in my opinion, is neutral. Got a top, but price above resistance. It's above, it's green oscillator and change line. So you really, now it will give you the real bullish message when price can take out the recent high. And that high is up at the 1466 level. But I'd say you're neutral on the weekly timeframe. The daily timeframe looks like health or skelter out here. So the daily timeframe had a confirmed roadsman to indicator bottom. It confirmed, I'm just going to pull this back, make it easier for everybody to see. It confirmed when we had this gap to the downside on June 21st out there. But we've got so many currency conversions that is going on with inside this ETF out there. It makes it hard to really know whether the signal that I'm seeing here, CODA, is a real signal. Is it a currency signal? Is it something else out there? But either way, what has transpired is we do have a profile that price is trading within. So that helps us. And right now you just have a consolidation with inside that profile. And the price can close above 1456. Odds favor that you're on your merry way. So if you're looking to add to this position, what you know at least now is one potential area to add is on a pullback to 1344. Don't know that we're going to get that, but it's a possibility. Or you can add to it as price breaks above those resistance levels. Let's see if we have the same type of signals when we go over to EEV out here. So let's punch that in. This should take just about 10 seconds out here. They may have the exact same patterns. I don't know, but we're going to find out real quickly out here. So yeah, they have similar patterns. You've got a nice TD9 count arrangement to indicator bottom on the monthly timeframe. This suggests that over time price wants to make a move to 44.20. It's only priced at 23 bucks. The weekly has a confirmed TD9 count top as well as a wave number seven top out there that took price back to support. That was the bottom of its weekly profile in the 1988 level. Didn't get all the way down there, but it got pretty darn close. On the daily timeframe again, back to this kind of helter skelter view. But what we do know is price above the top of its daily profile, above its green oscillator and change line. So that says, and I don't see a top in place on the daily timeframe. Obviously we've got it on the weekly, but the daily says, yeah, you can most certainly go ahead and add here. And on the weekly basis, price above that green oscillator and change line. So it's not like it's a uberly bullish out there. So I hope that helps you out with regard to both EEB and EFU. Let's go take a look at the request out here from Michael P. Michael P writes in and he says, I've got puts on coin. So let's get that started up here. That that is a coin base. And give me a second. We'll read the rest of his question, which goes like this. I've got the puts on coin. Now in the money, I think it breaks, I think it breaks the low of 40, 83. How does it look to you? Okay, so the monthly chart, not enough information for us on my charts to really pay attention to information wise on the weekly timeframe chart. Price has informed, it's got a TD nine count bottom. No, I take that back. It does not have any kind of a bottom on the weekly timeframe. When price has done so far, it's rejected the bottom of its weekly bullet structure, weekly profile. And that says suggests lower price. And on the daily timeframe, one of the daily timeframe, see, I don't, here's, let me see if I can do this. I know I can do it. And I'm not gonna, I'm not gonna screw around with it. So here's what we've got. You've got a confirmed roadsman communicator bottom on June 13th. And that low was pure today, but price is trading above it. And right now you've got a hammer candle that sets up another roadsman communicator signal. So you're trying to get this down to 4083. And 4083, is that the low so far? That is, yeah, that is the low of the, that's the low that this has traded to 4083. So the question is, is Coinbase going to take that level out? You know, let's do this. Let's go switch charts. And so I want you to do this while I'm doing this as well. I'm just gonna take a look at today's volume, Mike, and just see if there's some kind of signal there. And it's on the daily timeframe. So let's expand out this chart. Let's pull this back. And so the swing point that you're looking for this to take out is a swing point from May the 12th out there. And so price is trading with inside that swing point as we speak, hasn't tested it. But the volume on that trading day was 58 million shares. And today you're at 9.7 million shares. Now it's not shown on the black background charts are the Rosemont and indicator bottom signals out here. So this looks to me like it's not gonna bust it out today. It's not gonna bust it out tomorrow. Price is gonna rise, it's gonna move up into that descending trend line. Maybe that's at about the 54, 40-ish area. Maybe it's 54, 51.62 to 54 or so. But you're gonna have a valid bottom. And if price can take out 60.30, that's the top of that swing point. And it does that with lighter volume. Then you wanna be out of there. So I don't have significant reasons to tell you to jettison the position. But it does look like it's really trying to hold that low. Low I'm referring to is not the low from the swing point you're looking at, but the June 13th low. Now that had volume out there of 28 million shares. That is being tested today with 9.7 million shares. So I mean, that is another swing point out there. And that seems to be holding. So does it go after 40, 83? Maybe it does, but right now it looks like this wants to Coinbase wants to actually trade higher. Perhaps not by a lot, which would be a reason to hold onto your position and let it prove itself to you. So I hope that that helps you out. Thanks so much for writing in. I don't believe I have any other questions inside the Tigers Den. But if there was something that somebody at Tigers Den wanted me to take a look at, well, CKBs of Steve, I don't know, did you cover gold? I did not. So let's go do that. And which charts are we on? We're on the black charts. So let's go stick with the black background charts. We've got a few seconds here and then we could take a look at gold in more detail. Well, the first thing we want to take a look at gold is how is gold trading in all of the major currencies out there? Right now as we take a look at it, it's down in terms of dollars, down in terms of euros, down in terms of yen, and it's trading down in terms of pounds out there. So CKB, that's not exactly what gold wants to, if you want to see gold, if you're long gold, if you're short gold, most certainly. But we get back to this breakout here. We're going to go take a look at gold. We'll take a look at it for some multiple time frames out there and see what it is that we could find. Steve Rhodes with TF&M, hope you're right there. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. 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That's TFNN.com, then hit watch Tiger TV. Better request to take a look at the goal. Not everybody has access to the gold contract, so I've just switched over to the GLD. So we can take a look at it. I think the monthly timeframe chart really kind of says it all at this stage here. Price is traded between trend line support and trend line resistance, with price now getting back to the trend line support level. Price is below the weekly profile level, but that's really gonna be dependent upon tomorrow, not today's activity. We can see that price is trading in to trend line support levels on the daily timeframe. Also, trading into a swing point from May 13th. Now that swing point did volume of 13 million shares. Right now we're at 5.3. Mathematically, that turns out to about seven and a half million shares by day's end. So price is pushing lower into that swing point on lighter volume, and I hope that helps you out. The last question is to take a look at Lightsweed crude. This is for Lorna inside the Tiger's Den as well. So let's pull up those charts out here. We take a look at Lightsweed crude. We're in the August contract. The daily timeframe, price is pulled back to its breakout level of 105.94. If that level holds, then support will upheld. If that level fails, you can expect or anticipate to move down to 103.47. That's the bottom of its daily profile. The five hour chart out here has got wave number seven. That's letter G. That's courtesy of a portion of the Chapman wave. That does suggest that price should go target 104.10. If we take a look at the two hour timeframe chart, you do have a buy the D point pattern. That form with this bullish hammer candle at 12 noon. Now, typically the best place to buy a hammer candle is towards the center of the bottom. Usually it's best to do that on bars three through seven. We're only in bar one following that hammer candle out there. So what is that telling us? I'm not sure. Right now it's telling us you've got a confirmed bottom on a 120 minute timeframe. The 60 minute timeframe out here, you've got a confirmed buy the D point pattern. That depth form with that piercing candle. Well, price has been unable to do Lorna is take out that red oscillator and change on. So your real significant resistance level inside of Lightsweed crude for the August contract is about 107 to 70. Folks, thanks so much for joining me here. Stay tuned. You've got two more great hours left. Don't forget, join me tomorrow. Eight o'clock sharp, well, really it's about 806, 807. We have for the show. If we don't just speak to you before then have a fantastic fight for it.