 The following is a presentation of TFNN The Traders Edge with Steve Rhodes All now toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks welcome to the May 23rd the terrific Tuesday edition of today's Traders Zen show I'm your host Stevie 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 And let's make sure we have an extraordinary one now the easiest way to do that So 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 means we can find the gift in every set of Circumstance that life is gonna toss at us. No today you and I we're gonna 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 and just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here They're 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 and dial on in at 877 92766 right now if you can't dial in but you've got a question You can always send me an email send that off to Steve at tfnn.com inside the subject heading Please put radio show question now if you're inside our targets done and you should be whether than any in 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 welcome to the show a bit of a mixed bag out there The mix is now coming from the trannies in the Russell which are trading the upside 17 points for the Russell 13 points for the trannies off 2 for the Dow down 9 Basically 10 for the SNP off 36 for the Nasdaq 100 Gold is off 7 bucks Silver's down 54 cents lights be crude is up 44 pennies Natural gas off a penny 30 or Treasury putting out 126 18 That's off 7 ticks leading the charge dollar wise the upside We've got Broadcom up about 12 bucks Albie Marl up about 12 bucks Madrigal Pharmaceuticals up 11 Moderna up about 9 renaissance holdings up about 7 to the downside its auto zone whoosh 135 dollar move 5% move I dex labs down 21 bucks 5 percent monolithic power systems 3 percent 14 bucks as mill holdings of nearly 2 percent 11 bucks and change Ferrari is down 11 bucks That's down about three and six tenths percent. Well, let's begin with what do we want to begin with? What do we want to begin with? It's a great question. Let's begin with the market breath So let's see where we're at. Let's go with the short term first. Let's start with this Just try to understand market conditions. So this is the SNP 500 market breath positive for its 30-minute time frame 151 instruments above profile 139 below. So let me do this here We'll flop back and forth me fire up my 30-minute equity future charts out there We'll go take so you got positive market breath for the SNP. Let's check on the Nasdaq out here the NQ The NQ's market breath is drumroll Johnny Negative 23 above 31 below. So we're just going to take a look at those 30-minute charts as soon as they populate here I'll go ahead and switch the screens just try to get so we got one bullish one bearish tells us about that choppy market That we've been dealing with for quite some time. We're getting over to those 30-minute time frame charts So you got a 30-minute bullish set of task market profiles with a confirmed roadsman to indicator bottom pattern that is forming as we speak right now No, it's only 11 10. We got 20 minutes. So I shouldn't be so fast on the draw there But if we do get this bullish engulfing handle then price should then take us up to 41 99 if price can clear 41 99 That's the top of its daily pro at top of its 30-minute profile Then we should see moved to 42 19 in the case the NQ which does not have a Which does not have a which has negative market breath and does not have a bottoming pattern out here You really can't draw in an a to b equal CD pattern here and price right now is dealing with resistance at 13 864 We'll call it if there's a close above 13 864 You should see moved a 13 886 and then 13 917 would follow now the Russell 2000 is strong like bull It is already taken out a TD 9 count breakdown resistance level 1809 out there. This looks like it wants to continue to rally higher the Dow equity future contract for its 30-minute time frame As a roads meant to mitigate her bottom and prices trading just above the top of that profile So it does look like 33 450 is in the cards for the adult But it's really going to be the NQ that needs to help these other markets move higher out here I think it's the NQ that is driving things We can see that had nice TD 9 count 8 at about 10 o'clock last evening And then it has negated a TD 9 count bottom which typically tells you've got a strong move lower Which what we see is prices moved all the way back to a prior swing point the one from 7 30 in the morning That was on yesterday. I believe was that Man yesterday morning, so may 22nd. So let's continue taking a look at market breath We'll actually just move that over to this screen that we're looking at right now This will give us a little bit of the larger setup here when I talk about the larger setup I'm referring to a 62 40 daily and weekly so the case of the S&P 500 which did have past positive market breath for the 30-minute chart It's negative across the board just by the hair of its chinny chin chin on the four hour I mean 151 above 171 below out there, but nonetheless, you have market breath. That's negative across the board Whoops for the S&P 500 the case of the NDX 100 out here We've got market breath That's bullish with regard to its four hour daily in its weekly and bearish on the 60 minute time frame So let's take a look at that 60 minute time frame that it's bearish on see if there's any kind of support that we can identify Out here and the answer is well, there is there's a TD9 cow bottom that form So on the 60 minute time frame charts out here We have a TD9 cow bottoms for the ES the NQ and the Dow Now the cool thing about that is that close and below those lows those lows But well I take that back the ES many negated its TD9 cow bottom Wake up stevo So no bottom there what has held is its breakout level of support at 4191 You do have that TD9 cow bottom on the NQ for its 60 minute time frame real resistance at 13 880 If you close above that you're looking at 13 952 again, that Russell looks very strong TD9 cow bottom still on the Dow equity future contracted price can close above basically where it's trading right now about 33 352 I think it's a number of 351 if you close above that on the 30 minute bar You're looking and moved to 33 432 so somewhat up stevo We got choppy market conditions period end of story. We've been to these choppy market conditions We're in these consolidating patterns. They're likely to continue on here. It is a two-way traders market out there That's about the best summing that I can do with regard to the indices that that are in place right now So hopefully that helps anybody out with regard just an overview of the market a quick look at where we had on that New York Stock Exchange advanced client oscillator, which has been oscillating back and forth above and below zero So it's not giving us the greatest of signals But we are above it again as we speak so that's very interesting now The reason I went to it is because we've been oscillating back and forth on Friday as an example No, I think on Thursday. We closed above the zero threshold line now It had been below zero up until that point in time So it hadn't proven itself you got that two-day rule that two bar rule that we'll call out there And so it closed right back below yesterday that was indication or on Friday closed right back below it that was an indication that Sellers never had always had control But then yesterday it closed just above the zero line and if close above zero today It says buyers are the ones in control of the general markets Steve Rhodes with TFN We'll be right back 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 4x report Teddy Keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x 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 4x markets tremendously When you sign up for the Tiger 4x report you also gain instant access to Teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today Visit the front page of TFNN comm 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 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 comm 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 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 comm 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 toll-free at 1-877-927-6648 internationally at 727-873-7618 Folks still a mixed market out there the Russell up 18 training is up 33 the other indices to the downside Let's go out to Philly and speak with John John. Thanks for calling. Thanks for holding. How are you today? Steve, I'm doing very well, and I'm going to give you a Good travels ball by auto shot in advance. Thank you How fun that you and your spouse get to go and I'm just guessing You're gonna go on not only to a fine restaurant in Egypt, but Are you not going with Angelina Jolie and go do a little tune rating over there? Yes, that's exactly what we're doing You're so in tune It's gonna be great though looking for looking forward to seeing the pyramids just seeing some history and Yeah, it's gonna be great. Now. I'm gonna try to do some shows Because of the time zone difference, which is about seven and eight hours is my recollection for all the places that I'll be the 11 o'clock show will really be like before dinner, so You know as long as I don't have excursions in a month or what have you or we're not drinking I don't really drink during the day. I should be able to come back and do a show Unless I'm actually traveling because we got quite a few places that we're headed to so hopefully I'll be able to Do a number of shows as well and report You know what I'm seeing from a different place It was your Egypt Greece and Italy and a number of different spots in Italy But I know you call to speak about soybeans and so why don't we why don't we move over to that? I think you want to take a look at both the July and the November contracts. Is that correct? Incorrect. Okay. What I'd like to do is have you pull up Five years of weekly charts on these spot soybeans and I repeat Yes, right at the time being July contract is a spot contract But I don't care about July going back six months If that spot Nearest futures going back five years. That's of interest to me So to do that what I've got to do John is go to the continuous contract for my data So And I don't have this stitched together. So let's first see and what I can Yeah, let me just interrupt and And I'm sorry to interrupt but what I did do in the tiders den on this court. I did post Five years of the weekly spot charts So any people that are in the den can go and look at that if they if they care to follow along And so, you know what let me think I'm looking on tiger TV at your chart and you know, that looks pretty close to accurate I know you've said it's stitched together, but I think that's Close so okay good good good go with that and perfect perfect for purposes of discussion use your indicators Okay, well for this year the only indicator that would have here does the weekly time frame chart Because we're on the black background. So it doesn't have my notations, which will switch over to the current November contract I just can't go back this far But right now what we can see out here is we can see the potential of an a to b equal cd to the downside We take a look at this weekly chart So we start with the a point being the high from June 6th the b point being the low from the week of October 3rd 2022 and then it looks like it might be the February 13 2023 level so we are below the 1350 area and the one-to-one a to b equal cd price projection would take us down to the 1125 it's really what it does it takes us back towards those lows in November of 2021 that I see out here I also see that prices trading below the weekly profile. So that is not really an ideal situation It's trading below Monthly profile as well. I would guess but with inside the daily But still just a sticking back to the weekly chart and we pull this back like you said you want to go back You know five plus years or so we can see that this did make a double top Which basically was taking us back to 2012. So that's a 10-year type of a scenario back there Or you know approximately I don't know what the actual price was on the count the futures contract back in September of 2012 But it's somewhere in that vicinity What what what additional information or what are you seeing? What what were you looking for specifically before we switch over to the white background charts? Very good Steve. Thanks on that. Just let me share. I thought this would be helpful to Expand on what I'm doing what I'm seeing as potential okay What I will tell you right right now this time of year looking at spot charts gets very confusing Here's why We're we can trade intraday or interweak July soy beans which are currently, you know over $13 and We can also trade November soy beans which are under 12 big price difference now remember that spot contract is Is the soy beans that were grown last year that they're sitting, you know sitting somewhere in those are what have you and the November contract is The futures contract for the new crop which will be planted actually is planted being planted now and harvested in October You know the October November time frame and The price of that commodity is very much dictated by what The amount of soy beans left in storage is Guest to be At the end of the marketing year so for example those November beans That are just in the fields now at the start of the growing season That priced under 12 is a function of what traders are Guessing the amount of soy beans will be left in storage labor day 2024 And the July contract over 13 today is In effect traders and guesses as how much how many soy beans are left in storage labor day 2023, you know three months time So Trading those two. Yes, they're both called soy beans, but they're entirely different They have nothing, you know, they may have nothing to do with one another Being a function of how many soybeans are guessed to be in storage labor day 23 labor day 24 I thought that would be helpful now In looking at that weekly chart. I observed the following the major soy bean bull market 2020 to 2022, you know, that went from $8 to 17 and a half Mm-hmm and the fib 6 1 8 of that mark is $11.60 and As I look at this decline in soybeans and I don't care about July whatsoever now sure I'm thinking about those November's and I'm saying gosh that November contract that's come down and last Friday made a low at 11 72 very close to that fib 6 1 8 support mark So I'm thinking gosh This November contract Which is just as I say a guess of the future crop size and how much will be left in storage given demand And we're talking 15 months into the future That's where the price is today based upon those guesses Well now that we're down there close to that weekly fib 6 1 8 Hey, John hold that thought just hold that thought hold that thought if you would we're gonna go to a break We come right back to John and Philly in just a few gold 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 o'Brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xau 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 o'Brien's gold report newsletter now at tfnn.com tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market Hours and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o'Brien and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority in technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger tv has eight different shows with expert hosts to help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor You were born to be tfnn educating investors 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 around the line with john and philly We're taking a look at soybeans and john's done a tremendous amount of work and was looking at the weekly charts Is identified that that's possible that uh soybeans uh november soybeans have pulled back to a support level A fibonacci support level and john what i can add to that if you're looking for a signal Let's say from a daily time frame To come into a trade yesterday was both a confirmed td9 count And roads meant to mitigate your bottom pattern. You can see that on your screen right now It was a bar following bar number nine. It was a nice big old uh bull sash candle That had formed there's a bowler bowler structured profile that is in place now What you and i can see is that that oscillator and changeline is acted as stiff resistance So it's really a close above that's 11 98 83 ish type area But it's really the 12 12 50 range that you're looking for price does close below that it would suggest a change in trend So you've got the daily bottoming pattern out there that's in place So now knowing that how does that impact your thought process? I wanted to be able to share that with you You know so we can kind of understand your thought process with regard to any action that you might take Steve that's terrific that November beans daily charts With the bar after bar nine On the td9 count you just got to love that the fact that that is totally right Right in a price level Um, of course, we have no bottom Uh proven It's only a candidate for a bottom at this point in time Absolutely the the future trend of this november soybean contract At the well clearly money flows and sentiment shifts will impact where it goes But in the larger scheme of things uh growing weather now through, uh, you know mid august Will dictate that Whether it's excellent Average or adverse weather will uh dictate whether it Uh bounces or rallies strongly or declines further of course all of which are possible What I can say is um Given this added info from you I like this idea of having bought under 11 80 as an attempt for a core long position And what I can merely say is if adverse weather unfolds the next 90 days Um, I won't be surprised if this is a bottom against that 11 65 618 on the weekly charts And um What I could just say this is no forecast whatsoever. However, if uh This bottom holds in this area if adverse weather unfolds I won't be uh surprised or I could easily understand how a rally of 20 to 30 percent in this contract could unfold But as I say that is all very much dependent upon mother nature and she's not telling me what she's going to do I hear you. I hear you. Well, I would say on the weekly basis to the extent that you continue to follow that At least at this moment in time for november Where a countertrend rally would end would be at the $13 level 1309 to be specific We got time before that's going to take place. I would think but uh, that's what that's what you'd be looking for But you got what you you know, you a great work great analysis john Thanks for sharing that with us, especially on the weekly and now you've got the daily signal out there So uh, keep us posted if you will Thanks a bunch, Steve. You have a nice trip You bet that was john in uh, philly. Let's get to some of the other questions that have come in There was one from yesterday that we didn't get to which was uh blackstone bx was the ticker symbol I apologize. I don't remember who asked it doesn't really matter out here What I can share with you about blackstone is right now. It's trading above yesterday's high. It's trading above um A red oscillator and change line odds favor that's making its way up to the bottom of its daily profile That's at 88 63 If we look at the weekly time frame chart, you just got a consolidation with insight profiles in 92 94 It's a real strong resistance level and then in the monthly. It's 95 56 to 100 point four One out there. I apologize again. I don't remember what the specific question was But uh, this is what uh ticker symbol bx blackstone is looking to do Ray and sarah so it wants to take a look at nordic american tankers out here I've got so many requests out here. I'm not going to actually just go to the specific question Just do a review and hopefully that review is going to answer what you're looking for did have this nice td9 Count bottom pattern out here And then what it did yesterday was it negated a td9 count top that top formed in the bar following bar number nine What it did was it gapped up and ran right into resistance at the td9 count breakdown level That's where price is broken down at 411 that can often be a resistance point and that's what we have today I don't see anything bearish about that. It's just getting up to a normal level of resistance where sellers would be located That's what you're seeing right now I don't see any kind of a top if you did get a bearish reversal candle today though You would get a garterly sell pattern, but that is not the candle that you have at the moment You are above the center of its bowler structured weekly profile So ray if you can get two consecutive closes above 393 on a weekly basis 465 is in the cards a price is found support at its monthly oscillator and change line Basically after forming a td9 count top there It's straight above the top of its profile. So that looks neutral not just bearish, but or really it's a neutral signal So neutral on the monthly bullish on the weekly bullish on the daily time frame ray. I hope that helps you out I know you also wanted to take a look at ticker symbol et So let's get this up here. I think that's energy transfers if i'm not mistaken Doesn't really matter what it is because we're Agnostic to the symbol that we're looking at and with the same Analysis that john and i would do on a chart take a look at soybean same thing We're doing for energy transfer or any and spend in any time frame That's the cool thing about this system. It works the same So here with regard to et you're trading with inside the profile you're above a green oscillator and change line It is going to go target 1302 1302 is the top of that profile I suggest that it's going to do that and I have that kind of conviction because when I look at the weekly chart Price above a weekly green oscillator and change line That says higher price out there and you're above the top of a profile on a monthly basis So that too so et energy transfers should continue to move higher out there I don't see anything stopping it other than sellers that are sitting at 1302 So rea, I hope that helps you up with both et and nordic american tankers. Okay, we got the soybeans. So we're done there We had a request to take a look at the td9 counts on the weekly time frame chart I guess i'm kind of cruising through these as faster than uh, the normal But let's take a look at the indices here for the weekly time frame The question specifically was what are the td9 counts on the index 100 and the s and p5 So for the index 100, I'll just simply expand out the chart out here You're going to see that we completed a td9 count top last week Now what that says to us is that if there's a close above last week's high last week's high the cash indices is 13 874 42 If we close above that we have a strong upward momentum move But that strong upward momentum move would be met with sellers at 14 277 20 just to be exact out there We are in wave number seven as well a very small portion of the Chapman wave You can see it's letter g out here now in order to form that top you have to have a lower high. So that is um Still in place out here. We have had a higher high But making a higher does not negate the td9 count. It's the close that would be important So you've got a td9 count top on the weekly basis with regard to the cash indices It's only the index and the nasdaq composite that have those patterns So let me give you the nasdaq composite number to be watching as well Now this has come friday and that is if there's a close above 12 7 31 73 It'll negate that signal and i'll be suggesting to you and i that price would then go target 13 7 10 70 That's its td9 count breakdown resistance level the answer for you in the s and p 500 This last week was only bar number one There are no other weekly td9 count patterns that are of really any kind of interest or concern at this stage Other than the ndx and the nasdaq composite. 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 in 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 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 pesavento 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 videos and data on the key markets that he's tracking Expect notifications from larry on market movement. 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Let's continue on with our requests out here dentists inside the tiger stand was interested in google He's interested in google from a short-term standpoint. So From a short-term standpoint dentists we focus on the daily time frame right now And the reason is because it has a valid td9 count top So that td9 count top formed on uh may 19th out there And that suggests that short term price should pull back to its oscillator and changeline 121 25 is the current print If price closes below the oscillator change on it will tell us that its momentum is waning And that price would likely then target 180 the top of the daily profile a price to get below that We'd be looking at a range of 114 57 to 115 98 The weekly chart shows a a to b equal cd pattern now It hasn't quite made the extension But if we did get a bearish reversal candle this week that too could form a sell the d-point pattern The monthly chart looks very strong. It suggests that it wants to make a move to 150 210 out there So watch the daily watch the daily Um, uh for your signals out there because you've got the top and uh chances are the price will pull back to test that 121 25 level so hope that helps you out dentists. Thanks much for taking the time to write in Uh, mike writes in and says ask the question as natural gas bottom So if we take a look at natural gas out here, we'll take a look at this daily time frame That's this chart on the left hand side Forms a td9 count bottom Forms a td9 count top In the process of doing that a new profile formed yesterday that new profile Is above the prior profile the bottom is above the prior bottom the center is above the prior center The top is above the prior top tells us about a change in trend to the upside out there 270 is a pretty strong resistance level That's a td9 count breakdown level and price is pulling back and right now It's testing the center of that bearish structure daily profile So if price can hold 251 the answer to your question mike would be yes This would be a bottom if you take a look at the weekly time frame chart You've got a nice td9 count bottom that has formed here and now we have price above that Oscillator and change line telling us about a potential change in trend and on the monthly basis You got to love it price pulled all the way back to a breakout level It went through the first one at 309 that tells you go to the next one Well, it did that 2038 cents out there So is it a buy right now? Is it the bottom? It has the potential for that If we look at the 30 minute time frame chart out here, what I don't have is some kind of a bottoming pattern So with that being out there mike, it's going to be very difficult for me to say with conviction that in fact Yes, natural gas has bottom If it has not bottom, the price should do is go target the 245 level That is that red oscillator change line. So hope that helps to answer your question. Is it a bottom? It's got that potential. We just don't have that confirmation on the intraday charts and it just says a cautious bottom Dan inside the tigers down wanted to take a look at arqq out here And I believe that is that one of kathy woods, uh Maybe here's the ark by the arqq could be I don't know But it is the arcant quantum fund out there trading out at $1 14 and it's back inside its daily profile Let's just pull this back just a tad out here And so we can see that The top of the daily profile is at a dollar 14. We're trading at a buck 11 right now It's not really trading at a buck 14 But if price can close Dan above a buck 14 for two consecutive sessions That would be a positive and then your next round of resistance would be the td9 cal breakdown resistance level at a buck 43 On a weekly basis arqq is attempting to form a roadsman to indicator bottom Now it too is dealing with profile resistance. That's at a buck 28 even steven If you can get a close above that that would be a bullish signal and suggest they move up to 199 Nothing on the monthly time frame. Uh, we've had two consecutive moves higher on the daily time frame Uh, this could be number three This would suggest to you and I that we should see some type of pullback or retracement that begins after today or after tomorrow That would be the typical dance pattern steps for arqq out there But do you have a bottom on the daily? You absolutely do It's a roadsman to indicator bottom and you might have that same thing on the weekly It's just too early to call because it is only Tuesday Morning, so I hope that that provided you with the information that you were looking for as well Let's go to the next request request. That's from jambalaya and jambalaya wants to take a good butterflies I don't know if it's butterfly, but it's bfl y. That's what I would call it Is the uh, butterfly. I've got butterflies in my stomach right now. Just kidding. Yeah, but it's straight at 222 33 Right, it is butterfly network. You got to love it. So again, I don't recall the request out here But what I can share with you is where is this headed to? Well, because we're trading above the top of its daily profile That's a 223 if it does close above that today The butterfly wants to make a move to 262 and 262 would be the td9 count breakdown resistance level But before price can get up there What it's going to have to deal with jambalaya is 257 and 257 is the top of that weekly profile And what you and I can see is this basically has been trading in a sideways Direction with inside that bullet structure profile that ranges from a buck 72 at the bottom and 257 at the top So if you get above 257 and not just get above it but close above it Then we're likely to get to that 262 level bullish on the daily Looking bullish on the weekly and on the monthly time frame chart Not a whole lot of help there with regard to the butterfly on a daily time frame This is going to be bar number two of consecutive moves to the upside You typically don't get more than three or four. So that says short term top should be in the picture here After tomorrow's move it could be a two-bar move, but I'd say after tomorrow's move looks like this Will wants to continue to move higher. So I do hope that that on a 30 minute basis I do not have any kind of a topping signal. So I do hope Jambalaya that that assisted you with whatever the question was if you're anybody's looking for buy points On daily time frame charts that we take a look at them the pullback levels you'd be looking at So for example on butterfly here now would have to be the top of the profile doesn't have to be But that would be level number one another level would be 211 and the final level would be that red oscillator and change line Currently a 202 but I would say that would more likely be at 199 or less than that So that's what we've got. We take a look at the butterfly out there Let's get to the next round of requests gf ai gf ai that's coming from agape inside the tiger's den So let's pull that up. See what that is See what it's doing. See what it's trading at so gf ai is a guard force ai ink And it is traded by the top of its daily profile Now you don't see that right now because it's loading, but you will momentarily But what it's dealing with here mcguppy is that oscillator and change line So you've got a td9 count bottom that took place on that gap to the downside actually shows us just how strong that pattern is But what you really need to get in order for this to get any kind of traction in the upside Is going to be a close above that red oscillator and change line Tests are rejected yesterday tested so far today that number is up at 6 35 So if you get a close above 6 35 you're likely headed to the next resistance point Which by the way would come from the weekly and that would be at 7 12 that's the bottom of its weekly profile if we can get back inside there We mean close above 7 12 then we'd be looking to run the 17 0 5 over Time out there. That's what I see when I take a look at the stock charts here for guard force ai So mcguppy, I do hope that that helps you out next question coming in from alton and alton wanted to take look at the 10 year Interest rate out here So let's switch panels go to the black background charts. I can't pull that up for some reason on my white background charts Sorry about that. I thought I had that fix. I know I had that fix. I ran into some real technical issues yesterday That's been most of the day, but let's take a look at Tnx out here. So let me pull that up. We'll get to our 10 year interest rate Right now that is at 3.74 or 2 out here So you're trying to get some type of guide as to what interest rates are doing So the first thing that I would say is if we take a look at the weekly time frame chart We have a good old-fashioned consolidation That's at the low support three dollars and 33 cents Well 3.33 percent, I should say and up at the top it's 3.756 But come back to this break. We'll finish taking a look at the 10 year rate For alton If you're looking for potential trading setups in the stock market then rocket equities and options report Is a newsletter you should try tom. Yo, brian delivers options and equity trades when the markets present them using a combination of fundamentals And technicals sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tfnn.com Tfnn educating investors 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? 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Just visit the front page of tfnn.com Welcome back folks. Hey, what you got on the screen here right now is the egyptian pound And steve found a little window here. You can see that this thing has been cut and halved up for the u.s dollar used to be about 16 Egyptian pounds to a dollar now it's up at 31 And the window that I found was actually flying First class to egypt paying in egyptian Pounds out there and the price was that the deal the deal's gone I think the delta wasn't really paying attention to what went on in a currency standpoint and the price was one third Of what would have cost me the same what I would have paid had I not flown into kyro. Just it was flying coach Just to just Italy or something so the egyptian There's a great time to go to egypt right now. That is most certainly the time out there But let me put this chart back up here for the tnx And what I was going to say out here alton is that a price able to break through the top of this weekly profile Again, that's at 375. You should see move up to that descending trend line So the extent that you are paying attention to that draw in a trend line out there with regard to giving you any additional information I would if I could I just don't have it. Let's get to the next question out here Next question is coming in from hector wants to take a look at x on mobile Let me flip the screens here so that I don't make this mistake. It's been pretty smooth today Don't know why but when take a look at x on mobile it is trading above the top of its daily profile And that is a beautiful thing out here. It should head up to 110 99 That's the center of its weekly profile out there So that's what I see when we take a look at the charts for x on mobile Where to request to take a look at from roger to take a look at qualcomm qco m is the ticker symbol here It's does have a roadsman to indicator bottom pattern a price has just been trading sideways Um boy not much else for me to share with you here. No weekly bottom. No monthly bottom But you do have a daily bottom with the sideways consolidation sounds a lot like the market and the last instrument That was from I believe was vic who wanted to take a look at paypal Paypal out here is running to resistance. Well trade above its red oscillator and change on the 62 75 If you can close above that what this suggests vic is moving up to the 6504 level 64 or 44 is also going to be Some sellers hanging out there folks stay tuned that great program. We lined up I'll be back with you on wonderful wednesday. Please have a terrific tuesday be safe out there Look forward to seeing you tomorrow