 on Educating Investors. 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 afternoon, folks. Welcome to the July 19th, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. And 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 us at just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this. In this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. We'd love to hear from you. Give us a call at 877-927-6648. Now, if you can't call in, or you don't want to call in, you can always send me an email. Send it to Steve at tfn.com, and inside the subject, any please put radio show question, of course, inside our Tiger's Double 80, and every ping we'll do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Coming to the show. Right now you get all the U.S. sentences trading in the upside. That was up 565 points, about 1 in 0.8% S&P, 2 in 0.1% or 82 points, NASDAQ's 2 in 0.4 or 2.88. Russell's up 54. That's 3%. 4% for the semis, 107 points there, about 3% for the trannies. That's up about 386 points. A big move to the upside. But what price is doing is trading into resistance. We'll go take a look at that here. We looked at that during the one o'clock update. Gold is flat. That's up 80 cents. Silver's down 14 pennies. Lights recruit us up $1.50. Trading out a 10409. Natural gas up 18 cents. That's down about 2.9%. Trading at 729. And a 30-year treasury printing at 138.19. That's off 21.30 seconds. Lean to charge. Dollarwise today, though, you've got booking and holdings up 85 bucks. Nearly 5%. Micro strategy up 16%. 36-buck runes. Transdigim group up 31 bucks. 5%. Asimal holdings up 23 or 5%. To the downside, it is signature bank off 17 bucks. Nearly 9%. AMTD, digital off 10 bucks or 36%. That's a stinger. IBM is off 9 bucks. Nearly 7% to the downside. So we've got things to look at. Of course, I want to look at what you want to look at. Let's just go take a look at the general markets as we speak. So again, we took a look at this chart right here. As we did the one o'clock update. And that is that each of the equity future contracts are trading into resistance. Well, the Dow has really got a ways to go. It needs to get up to the 31.867. It is taken on the resistance of the top of its profile. That's a 31.630. But if you take a look at the ESMini, 39.22 and 39.50 are its two resistance points. In the case of the NQ, price has been up here before. It's the third time, fourth time of the term. I don't know. But 12.197 is the level to be watched. We're trading at 12.192. In the Russell 2000, it was 17.95.10. That's where it formed that bearish and golfing candle. That created a potential resistance level. Now, price can clear that. Then you're looking to move up into the 1900s. The next set of swing points out here in the 1916-ish area out there. So that's what the equity markets are doing. However, what you and I want to do is go do a little bit of a deeper dive out there because you want to know about the play-by-play, not necessarily the daily. Of course, you want to know about the daily as well and where price is trading into. So we shift gears. And that gear is going to take us right over here. And that is to the ESMini charts. And the focus there, what your eyes should gravitate to is both the 60 and the 30-minute time frames. Why? Because you'll see bar number nine have completed for both of those. Now, the current bar, obviously on a 60-minute time frame, will not complete until 2 p.m. The 30-minute time frame is going to complete at 1.30. What that suggests is that we should at least see some type of short-term top and a pull back to the oscillator unchanged line. Now, on a 60-minute time frame, that's at 38.88. Now, the 30 minutes at 38.99. 38.99 will be the first up. And really, about at 39.01, 50, you've got the top of the current profile for the 60-minute time frame. So look for price to pull back to those here. It's not a guarantee, but you do have the patterns that are setting up. Price should then go target those levels. And what's going to happen at those levels? I don't know. We'd have to sit here and wait and take a look. What else might be going on on some shorter-term time frames out there? So that's what's going on inside the ESMini. If we quickly take a look at it, I don't know how quickly we'll see how fast this is going to operate today, because I've got a couple of windows open based upon some questions that are coming earlier. But let's still wait just a few moments out here and take a look at the NQ. We want to see what that is also trading into. And while that's going on, let me ask Zakuda. Oh, you want to take a look at NLY. OK, so let me get that written down here, NLY, so I can come back to it. So we've got the NQ populating. And if we take a look at the NQ 60-minute charts, we've got the same pattern going on. Both have got nine counts. So it's already got a TD nine-count pattern, but that high can't come on the bar following bar number nine. You've also got wave number seven on that 30-minute time frame chart. So you've got two short-term topping patterns. There's two better than one. I don't think it means any more than one topping signal out there. But I just simply share that with you. If it's on a 50-minute time frame chart, you've got a TD nine-count top as well. Very cool out here. So in this case, we should see price pullback two. So the first level of watch is going to be that 60-minute top of its profile, 12184. Below that would be 12093 and 12132-ish or so for the 30-minute time frame. Now, here's the possibility. Possibility is that price is able to bust through the resistance that we took a look at on the daily time frame and how we will know that that's what its intent is, is that these TD nine-count patterns will just simply fail. They'll just simply have a little bit of a burp. Sideways move out there. Won't pull back to some levels of support out there and just continue to motor on. That would tell us about strong momentum moves for those time frames, those time frames being 60 and the 30-minute time frame out there. So that's something to consider. And is that a possibility? Well, we take a look at the ES and the NQ. We also have our TAS market breadth set of profile data out here. Now, this has shifted since about an hour and a half ago. We're looking at the S&P 500. Now, three of the four speed dials are in the bullish zone. So the 60-minute, the 240, the daily are in the bullish zone, meaning that there are more instruments trained above the top of their profiles than trading below the bottom. The weekly still has got a lot of work to do. That's for the S&P 500. If we take a look at the NDX100, what we'll see is the same setup out here, except on the weekly basis for the NDX100, it doesn't have as much work as the S&P 500 has to do. What I mean by that is right now we have 12 instruments trained above the top of their profile, 17 trading below the bottom. If all of these, the weekly charts start, the weekly charts start moving over to a bullish crossover out there with the other four timeframes, well then we've got a rally that should stick for at least a couple of weeks out here. We don't have those conditions just yet, but there are conditions enough to support the shorter-term time frame moves, but let's keep our eyes on these TD9 count patterns out here. Again, the hourly timeframe is not gonna complete until we get off the air at 2 p.m. But you know what to look for, you know some of those levels that we're taking, look at out here, and if we do see a retracement out there, that should come as no surprise to anyone listening in on the show. We get back to this breakout here, we've got four questions that are coming from email, one inside the Tiger's Den, so I think Stevie needs to get to those. We'll be right back. With developing inflation, we are purchasing powers eroded, there's no better place to protect your harder and money than in gold. This, the gold's 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 in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. 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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. At 1-877-927-6648, internationally, at 727-873-7618. Folks, so let's go take a look at the first request out here, one from the Tiger's Den. And that is take a look at your symbol, N-L-Y, that is Annalie Capital Management out here. And so we take a look at this. We can see it has a Wave 7 bottom. That formed out here on June the 17th. Price right now is taking on a swing point out here from June 27. Now it's doing it with much lighter volume. That swing point, you can't see that on the white background charts, but I can share with you that the volume at that swing point was 35 million shares. And you're doing 11 million shares as we speak today. So it's not as if it's moving into that swing point with volume. If it did, we'd say, hey, it's definitely gonna go test the height. It may do that anyway, 638. But the thing is, if it was pushing with volume and it took out that high, that how, by the way, is at 638, if I didn't mention that, I think I did. And then you could have a confirmed A to B equal CD to the upside. Even if we do get a A to B equal CD to the upside pattern out there, Zacuda, what I want you to pay attention to is the price level of 644 and more importantly, 667. On any further rally out there, that 667 is where a countertrend move would end. That is the center of the center chart out there. That's the weekly timeframe. That is the center of its bowler structure profile. Or price close of lower bowler structure profile for another two consecutive sessions. Countertrend moves typically fine resistance at that center line, 667. Now price can take that level out, then you're off to 701. As some of the charts are telling us right now, what are the charts telling us? Really not a whole lot out here, other than what I've already shared with you. The monthly chart is really suggesting to you and I that longer term, this may want to trade all the way back to the lows, wave number seven from back in March of 2020 down to the 350 level out there. So, but in the meantime, you might get a rally out here. That was the bigger picture on NLY. So I do hope that helps you out. And thanks so much for the request. Dan inside the Tiger's Den, he wanted to get the levels for intrepid potash. IPI is a ticker symbol. So we'll get that up on our screen right now. And I'm not sure which levels it is, but I'm gonna give you the daily, the weekly and the monthly out here. So we take a look at intrepid potash. It's got a new profile that formed about three days ago. The bottom of that profile or support is at 3620 and the top, which is resistance where sellers are located at 4259. Price is well below the weekly set of profiles on a monthly timeframe. Price is below the monthly profile. And then the monthly profile out here, the bottom of which is at 4879. So where does this leave us with this instrument? So the daily timeframe formed a TD9 count bottom. It did that, it looks like on, was that Friday? No, that was on Thursday. So on Thursday, it forms a TD9 count bottom. Price is just consolidating or trading within. It's daily profile out there. If price can take out at 4259 level. Today's volume is 169,000 shares. It's basically going against 700,000 shares. So it doesn't seem likely, but that price still may hit the top of that profile at the 4259 area. Price can get above that. Then you've got TD9 count breakdown resistance at 4640. So those are your resistance areas out there. I hope that helps you out. And Dan, thanks so much for the request out there. We've got a request, take a look at NVIDIA, NVDA. That's for the G-Man. And it just says, can you take a look at NVIDIA? So we will, and that can't be right. That I don't think NVIDIA traded it out. Well, I don't think it traded it all the way down there. Let me try to restore all this historical data. And I'll let me, I'm not gonna take a look at it on my other set of charts, just no, okay, there we go. So we're back to somewhat being accurate out there. So, oops, didn't mean to do that. Dang it. I didn't mean to do this. Okay, so we take a look at NVIDIA. You've got the A to B equals CD pattern. You can easily see that out here. The one-to-one price projection was at 164.47. But yeah, you didn't get a bearish reversal candle. Yes, in fact, you got a bullish candle. Bullish candle, what do you mean, Stevie? I see a red body. The body, the candle just tells you where price opens and closes. Doesn't tell you whether it's bullish or bearish. Price actually gapped up, yes, that's why I said it was a bullish candle. And it gapped up over the top of the profile. So, on the A to B equals CD pattern, this should take us to, well, the next level is 169.86. We're very close to that. Above that is 176.72. These profile levels that I'm providing to you, they are just used as guidelines. Price does not have to hit those levels, with the exception being the one-to-one area. Really gotta get to at least the one-to-one or very close to it in order to get that pattern. Now, once we're done with that, then we use our expansion tool, the expansion tool is a Fibonacci expansion of the measurement of the A to B line. And we just simply multiply that times 1.272, or that's what I do, or 1.618, or 2.0, or 2.618, or pi out there. And my preference would be at, say, either a good key line pi or a lemon-marane pi. But I'm not gonna say no to a chocolate pi, or an apple pi, or a blueberry pi. I basically, you know, pies are us. But with regard to NVIDIA, and I'm sure that you didn't ask about pies out here, but pie is an expansion of a Fibonacci expansion. Your next level resistance out here, because you are above the top of that daily profile, is gonna be that red oscillator and change line coming to you from the weekly timeframe. And that weekly timeframe out there, oscillator and change line level is at the 170.11 area. On a monthly basis, this is still suggesting to you and I that NVIDIA wants to get back to the 134.59 level. On the weekly chart out there, you do have a by the D point. I mean, I can see the A to B, the B to C, the C to D. So you do have a weekly bottom as well. So watch that red oscillator change line. The price to get above that is signaling that it wants to move up to the 191.64 level. So I hope that helps you out. I don't recall who asked about NVIDIA, but that was inside the Tiger's Den. Now, let's go to some questions of coming by email. The first one coming in from Larry. Larry R says, hey, Steve, would you go long GDX here and now only leg F down on the daily timeframe. So let's get the GDX charts up on our screen here for Larry. We'll take a look at those and then we'll do what is even more important for Larry, which is go take a look at some or all the components with inside the GDX. So here your question was, if we just take a look at the GDX, would you go long the GDX right here right now? What I don't have, I'm gonna take a look at the daily timeframe. But the GDX has not yet provided to you when I is some type of bullish reversal candle out here. That would then confirm a roadsman to indicator bottom. So that's the thing that I would first wait for to confirm some type of bottom. You'll see a TD9 count, but that's not a bottoming pattern because the low so far is on bar number seven. It doesn't look like today we'll get carried away and bust out that low. So that pattern is not going to be able to assist us. The pattern that would assist us is some type of bullish reversal candle that would then confirm a roadsman to indicator bottom. Weekly timeframe chart, you can see an A to B equal CD to downside and all that's confirmed. What I mean by that was the B point passed with volume. Either way, it may be an A to B equal CD to downside and a monthly timeframe says price gave back to 2210. But that does not necessarily tell us the entire picture, does it? What do you mean does it, Stevie? You just looked at the GDX. Well, what I meant by that is you really gotta go take a look of what's underneath the covers out here. And if we go take a look what's underneath the covers we're gonna change our screens although there's gonna be some charts that show up on your screen right now but those are not the top eight instruments that make up the weighting structure with inside the GDX and that's really what we wanna go take a look at. So we're gonna flip over to that set of charts out there and the first one, now these could be out of order just slightly but if we take a look at Newmont Mining, now that can't be right. What's going on with Stevie's system out here today? I'd say bummer. Well, I say that can't be right. I mean, it could be right. Maybe Newmont Mining did get up there. No, it didn't get up there. So we take a look at Newmont Mining. It really looks like the GDX out here and you can see this is waiting for a bullish reversal candle as well. Ticker symbol, G-O-L-G. Now that looks like that has formed a buy the D-Point pattern. Did it about four days ago when it formed that bullish hammer candle. Take a look at Franco-Nevada. Franco-Nevada needs a bullish reversal candle to confirm a bottom as well. The same thing with regard to EECO, EECO out there. You do've got a TD9 account bottom on WPM. Steve Rhodes with TF9, we'll be right back. 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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 4.00 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. Welcome back, folks. So back to Larry's question, we took a look at some of the top instruments, weighted instruments inside the GDX. Maybe a couple of them had some bottom patterns but you need more than that out there. And the last thing that you certainly wanna see if you're gonna take a long position inside of the mining sector because of its directional correlation to gold is to see gold moving higher in all major currencies. Let me underscore this. What I just said was gold must, I mean capital letter must, move higher in all major currencies. Gold was trading up today in terms of US dollars. People are wondering why could it not get legs out there? Well, the reason it couldn't get legs is because if you happen to be a trader that's looking at gold priced in euros, if you're in most of Europe, that's one way to look at it, they're not looking at gold rallying. In fact, it's trading much lower. It's down at 1662 per euro out there. If we take a look at gold priced in yen, it says still below yesterday's close out there. So it's not as if it's a big bullish move there and gold in pounds, expressed in pounds is at 1422. It's moving lower out there. And that's the reason why you need to see a bullish run. You need to see a moving higher in all of the major currencies. I know most of us have been trained because gold is priced certainly in US dollars, but we have to think like traders globally. This is a global market. This is especially a global market out there. And that's the reason why we're not seeing gold move that well. So has it made a bottom? Larry, it's possible. Just with regard to the tools that I use out there, it has not confirmed that force. And if you get that confirmation and you can get gold moving higher in all the currencies out there, well then I believe you're on to something. Let's go to the next question that came in. This is coming in from Mike in Portugal. Mike, thanks for listening as always. Two for Tuesday, once take a look at the Apple or Microsoft. Or if you're doing these symbols for others, please consider one of the next two in the NDX one of the market, Amazon and Tesla. Well, I tell you what, Mike, let's go do this. Just like we did for the GDX, let's just simply go take a look at the daily timeframe charts. Hopefully you'll allow me just to go take a look at those. And we can take a look at several with inside the NDX 100 and see what they're communicating to you and I. So here we've got basically the top weighted instruments. And if we take a look at Apple, what we know about Apple, I'll just simply expand out the chart as yesterday I confirmed a sell the D point pattern. A sell the D point pattern requires an A to B equal CD. I'll draw on the A to B line. I'll just carry the A to B line, whoops, A to B line over to the C level. You can see it was more than a one to one area. Yes, it was the bearish and golfing candle. In order for Apple to truly get bullish, it's neutral right now. In order for it to get bullish has to take out yesterday's high. Otherwise you've got a valid sell the D point. What has held yesterday was a slight close below the top of the profile, back above the top of the profile. And that's why Apple is kind of a new, it's not kind of it is a neutral signal, but it does have a top out there. If we take a look at Microsoft, Microsoft is just simply consolidating with inside its daily profile. That's between a range of 245 to 268. It's pretty much at the midpoint at 257 right now. So not really anything significant there. If we take a look at Amazon, Amazon has just really been trading sideways here. It's been doing that since the early part of June. We're in mid July, price is trying to take out the resistance of the top of its profile. The top of its profile out there is presently at 116.99. If price can close above that, it could signal move up to the 120 area. Tesla, so you wanted to Amazon and Tesla and Apple and Microsoft, so you're getting a forfer. What Tesla is doing, let me just start to update this chart here, but it's also just consolidated with inside its daily profile. That's between the range of 678 to 743. No break out there yesterday, tested that 743-20 level and it was rejected. Yet it asks for these, but we're gonna go take a look at them anyway since they're on our screen. Google been trading that sideways consolidation mode. It's got resistance at 119.25, support at 106.99. Facebook is the one that, well, let me just update this chart here. Hold on, historical data. Facebook is the one that is attempting to break out. It's trading above its prior highs. It's trading above the top of its profile. Don't know if it's dealing with any kind of volume here, but Facebook looks like the one that wants to actually run higher. Now it could easily run up to the 202 level. We'd wanna go look at the weekly timeframe charts to confirm that. We talked about NVIDIA, so we don't need to go take a look at that. And Broadcom out here just consolidate with Insight, its daily profile, with 514.15 being its level of resistance. So, Mike in Portugal, you got eight. You got all eight of these at one time out there. I do hope that helps you out again. The NQ, as we know, is sitting up at resistance. Let's go to our next question. This one is coming in from Hector and Patty. They are fuel injectors. Hector and Patty are asking, well first they say, happy tequila by Ice Cold Margarita. So I'd say just, I like to take that tequila, good tequila, get it nice and cold, and just do a shot like that. Who needs that sweet stuff out there? Just a little lemon, and you're in business. But the question is, Occidental Petroleum, ABC up on a weekly. Google on a possible weekly A to B equals CDF. Thanks for catching the archive. Well, you're welcome. So let's go take a look at those. For these, we wanna use my black background charts because that's our best A to B equal CD tool out here. So give me a moment, we will change the screens out there and then we need to go over to our three panel set of charts, although, well, we do need to take a look at, you asked about the weekly timeframe. So let's get the weekly timeframe for Occidental Petroleum up on our screen out here. We're gonna get the daily and we're gonna get the monthly as well. So on the monthly chart here, I think the A to B equal CD pattern, that's the right hand side, is very clear out here. To me, it's very clear where that pattern is. And this actually on a monthly basis out here has a confirmed sell the D point pattern. And it did that when it created that little dark cloud cover candle. And it did that last month. Now what I don't know with regard to Occidental Petroleum, I'll do that on my other screen. I'll try to get that going out here. OXY is on a monthly basis, this price found some support. Now it's not profile support, is it formed as it formed, as it pulled back to its monthly oscillator and change line, well, geez. It's actually got a TD9 count top as well. So you got two different tops on the monthly basis and it's oscillator and change line on the monthly timeframe change colors. It suggests that price should pull back over time towards the 44, 33 level. But your question was A to B equal CD patterns on the weekly timeframe. Let me erase what was out there before and let's just start from scratch. So I can see that you sent me a couple of charts. It's hard for me to reach that or to read that here on my cell phone. So that's why I'm able to take the emails that are sent to me and be able to monitor. I do not keep my email on my trading system. The reason is I get so much junk email, I do not want this trading system to get corrupted. So I'm very careful with regard to what I do here. But as we pull back the weekly timeframe for oxidative petroleum, there are several A to B levels that you could choose. So on a weekly basis, you could choose, for example, the high from March of 2021. The first week of March of 2021. You could also choose looks like the high from June 28th. Slightly higher high. In fact, that's the one that would actually be the one that you would use. Why would I say that? Because you got a lower low so that B point was violated. So if we use the first one, which is what you would use as it was forming out there, but and you would have chose as your B point, you would have chosen that low from the week that began April 19th. But we can see that there's a lower low that formed out there. That was on August 16th. And therefore you go to the highest high that precedes that point. And that says then the A to B equal CD would have shifted and that would have been your pattern out there. Now, a second one that you could use is the one out here from the trading of October 25th. That would be your high. And then a retracement down into the lows from December 20th. And I'm sure everybody out there is now saying, wait a minute here. I thought the A to B equal CD pattern was just so simple to see and view. Look, it is not an objective pattern out there. It is a subjective pattern. But one of the things you're looking for is a retracement. You'd certainly like to see those be at a 0.382. Now, what I like to do is when we get stuff like this where it starts to get a little bit confusing, what's just the right one to use? I like to go to the larger timeframe. And that's the monthly. On the monthly chart, I think the A to B equal CD pattern fits out just perfectly. That says that the high that we should be using out here is this high from the trading session of the week about October 25th. That's not using as my B point out there, G roads with TFNN, we'll be right back. 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The low point, the B point would be, that's the A point, that's easy. That's the May 23rd timeframe. For the B point, I'd have to use the highest high, or I should use the highest high. And that is out here from July 4th. And now I'd also have to use the bottom of that candle. Unlike having to use the top and bottom of a candle for an A to B equal CD pattern. Plus, price has got to pass the B point in order to be able to have an A to B equal CD pattern out here. What I see is mostly a sideways consolidation pattern inside of Google as we speak right now. So no A to B equal CD to the upside on the weekly timeframe, Hector and Patty. I do hope that helps you out. Thanks so much for the request. Our next request was a take look at the Chevron. CVX is the ticker symbol there. This is for one of our dinners. Let's go out to take a look at, what do we want to look at here? I think we'll go take a look at my white background set of charts. So let's go flip over to those. Give me a moment here to change screens if you will. I think these charts here might be more helpful to you and I. So that's where we're going to switch over. So now we've got the daily timeframe. What's the daily timeframe for Chevron show? You've got a nice TD9 count bottom. Then you've got a gap to the upside out there. In fact, you have a, do you have an island bottom? I'll be a son of a gun. So, okay. So we got, let me just make sure. So the high, 136.16, the low, 136.43. So what Chevron has done, what it did back on, really did this on the July 15th, this on a Friday out there. I don't know who asked me, G-Motion. What the Chevron did was formed one of the bullish patterns, one of the most bullish patterns that you can get out here. And that's an island bottom. What's an island bottom? Let me switch over to that island bottom. So if you take a look and see bar number eight out here, price gap down, it says falling window out there. So I was easily able to say, well, you got it, maybe got an island bottom because on the very two trading sessions later, you had a gap to the upside. And I checked just to make sure that price had not hit the high from the trading session of July 14th. So not only do you have a TD9 count bottom, you've got an island bottom pattern out here. So this could be suggesting that at least Chevron is really getting ready to motor hire. What Chevron is now dealing with though, it is dealing with a resistance level, the resistance level from a profile that formed about three or four days ago. And that's at 145.45. And above that is 146.96. If you can clear 146.96, it really adds that island bottom pattern out there. The weekly timeframe prices below profiles out there. In fact, it's suggesting that price should pull back to about one 1073. I'm not saying that's going to take place, especially in light of that island bottom pattern out there. You do have a TD9 count top on the monthly timeframe, but prices pulled back and so far has held its screen, oscillator and change line. That puts it into a neutral position there. So neutral there, weekly is bearish and the daily timeframe is very bullish out there. Almost like these markets. Almost like these markets out here. So hope that helps you out G-motion, but you do have a very nice pattern set up with regard to the island bottom. If you're long, stay long. And I hope that that island bottom turns into, turns into something very, very nice for you. Let's go to our next question out here. The next question coming in from Nicholas A. Nick writes in, he says, Hey Steve, SMH going into resistance around 223.42 of June 10th. You see a pullback. Thanks and have a terrific Tuesday. We have a terrific Tuesday as well. Let's get the charts for the SMHs up on our screen. We know that the summaries are having a very strong day. They were up about, I believe 4%. And the SMHs also have an A to B equal CD to the upside pattern out there. So that B point, which is labeled A on my screen because of the Chapman wave counts out there. That B point, which is 209.90 was taken out. No idea whether it was with volume or not. I can't tell it well. Actually, I probably can't tell that. The volume out there was 2.7 million shares and it was passed with, I just can't read it, 3.8. So you'd have a nice confirmed A to B equal CD to the upside out there. That says, Nicholas, just be watching for some type of bearish reversal candle. That could then confirm a currently sell pattern out there. And then that would suggest a pullback maybe to the top of the profile that's taken out today. 2018-81, it could be suggesting a price to get back below that, that price would go get its oscillator and change line. It's not what we have right now. If we take a look at the SMHs, price is getting above, it's red, oscillator and change line. Something that hasn't, price has not been above its oscillator and change line since the beginning of the year, since the first week of, the second week of, no, the first week of January out there. Wow. So, Tuesday, trading above the oscillator and change line is not as good as Friday closing above that level. So right now, that's a 2-18-16 with regard to the SMHs out here. They've got resistance as well. That's the top of its profile that just formed this week. And that's a 2-25-45. So that looks like a likely destination, 2-25-45, or price can motor on through that. Then that gets pretty bullish and would suggest to move up to the 2-34 level. Your specific question is, it's going into resistance at 2-23-42. I would move that resistance right now to the 2-25-45 level, the top of that weekly profile. So Nick, I hope that helps you out with regard to your question. Thanks much for taking the time to write in and we will look forward to your next question. We've got another question here from Niko. Niko says, hope you are well. I am, hope you are well also. You're wondering if you see an A to B equal CD up both for the ES and the NQ on the four-hour timeframe chart. So let's do this here. Let's go switch back to the black background charts where I've got that better A to B equal CD tool and we'll go take a look at a four-hour timeframe chart for the NQ. And I think I can do that by just going to intraday charts here. Let's change this to 240 minute and let's go take a look at this. So, well, the answer to your question would be, it's possible, but the B point hasn't been taken up. So here's, in essence, what the A to B equal CD on a four-hour timeframe chart would look like or at least one of the A to B equal CD patterns, the A point, that's down two o'clock in the afternoon on June the 16th. The B point out here is two o'clock in the morning on June 27th and the C point is going to be the low from 10 o'clock in the morning on June the 30th. So price has got to get above 12, 262. You're at 12, 246 right now. So that's a resistance level that you identified. A price can take that out. Then it gives you a one-to-one price projection of 12, 544 out there. Now, there are other A to B equal CD patterns that you could draw in here. That was just the primary one. Another one would be the C point that I used for the A to B equal CD. That becomes the A point. The B point becomes this high out here on the 10 o'clock in the morning on July the 8th and then the C point is retracement down in a six AM on July 13th. Your one-to-one price projection error gets you up to 12, 339. 12, 262 was your resistance level. So that's the areas that I would be watching out there. Nico, your question goes on to say, if so, what would give you any more conviction on the nine counts and the lower time frames being taken out when you call an A to B? So nothing, I would be watching those nine counts that you're referring to. So now let's go take a look at that because the 30-minute chart should be done. I see that the NQ is rallying. So it looks like that high may fail or may have failed. But let's get over to those charts. Give me a moment, we'll change screens out here. Come on, work with me. And wow, that's weird, okay. So now we've got the 30-minute timeframe chart and sure enough, now this bar doesn't complete for 10 more minutes, but this is taking out that TD nine count top. And that suggests you've got a strong moment to move to the upside out there. Now what you've left with is watching the 60-minute timeframe. This does not mean that we can't be making a top out here, but watch that 60-minute timeframe. As we come into the two o'clock close out there, mark that high, if price goes above that, we probably close much higher going into the close, pure effect. 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 seven million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. 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. 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Sign up today and become a part of this educational community of traders, just visit the front page of tfnn.com. 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. Good back up, folks. You got the dollop 636, a little over 2%, the S&P 2.5%, 92%, 2.8% for the NASDAQ, 103% and 3.10% for the Russell. Some eyes up, 4.6%, 10% 122. So you got a nice rally going on, but let's not forget, if we go back and we take a look at what are the equity markets doing right now, you've got the ESMini trading right up into resistance. So one level is 39.22, or 39.26. The price continues to move higher. 39.50 is a key level to watch. The case of the NQ, you've got the bottom of its profile, that's a 12197, you've got the most recent high out here from the trading day of June 27th. That's at the 12262 level. Right now, price is trading at 12242. The case of the Dow, its resistance is up at the 31.867 level, and the case of Russell 2017.95. So what I want to do is let me go flip over and see if I can do this here real quickly out here, which is to go to the 60-minute timeframe charts. Can I find those 60-minute equity futures charts out there? Get them all in one slot. We'll change screens out here, because those are the ones, or at least the ES and the NQ, I can't say about the Dow and the Russell 2000 just yet, but we'll know. It's the NQ and the ESMini that have that TD9 count up, and they all do. So you have all four instruments on a 60-minute timeframe that as we come into 2 p.m. are going to complete TD9 count patterns out here. Won't I take that back? I take that back, Stevie. The Dow is negating its TD9 count top, but the others are not. So the question is, is the Dow the leader, or is it the others? Or this is telling us that the other three are gonna take out their TD9 count tops as well. I don't know the answer to that. If I did, I would tell you the answer to that. The answer will probably be released by three o'clock, because if you do get a close above the high at 2 p.m., then those will have been negated, and that says we should close at the high of the day out there. Watch those daily resistance levels out there, and folks, stay tuned for your favorite polar bear, David White. Is he gonna throw hot water on this fire? I don't know that that would help. Steve Rhodes with TFNN. Have a terrific Tuesday, folks. I'll see you tomorrow, 1 o'clock, start.