 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes, toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the April 6th. It's not Fantastic Friday. It's terrific Thursday. A 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. 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 means we can find the gift. In every set of circumstances, 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 berries, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I am absolutely grateful for your presence here, but even more important, that's this during this next 53 minutes. I'm here to serve you. So feel free to pick up that phone, dial in at 877-927-664. Now, if you've got a question, but you can't dial in, you can always send me an email. For that, send it off to Steve at tfnn.com. And inside that subject, if you'd be kind enough to put radio show question. Of course, if you're inside our Tigers, then well, then any. And every ping will do. So let's get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Got a slightly mixed bag out there. The mix is coming from the trannies, which are up 29 points, otherwise the other US indices to the downside. Downs off 85, S&P down seven. Nasdaq 113, the Russell's off about three. Gold's off nine. Silver down nine cents. Slight sweet crude is off six pennies. Natural gas is off six pennies. And a 30 year treasure's up six ticks out there. Trading out at $134.08. Lead the charge. Otherwise the upside, you've got Fox factory holdings of five bucks. You've got El Nilem Pharmaceuticals up five bucks to an amperset. You had a rentals five bucks, one and a half percent restoration hardware up about five bucks or 2%. Lead the charge is a downside Mercado Libre off 16 bucks, one and a quarter percent Costco, about 14 bucks, nearly 3%. Fabrinette off $11 or 10% all the beauty down nearly 2%. That's a little bit less than 10 bucks. And HubSpot down seven bucks. That's about one and seven tenths percent. But let's start with, let's start with what I can share with you that seems relatively certain, at least from a technical standpoint, what the equity markets are doing. At least what the message is, we're gonna start with these four equity future contracts. Of the four, one of these contracts is giving a very clear signal. And that contract is the ES mini. Why is that so clear? Well, first we have a completed A to B equal CD pattern. I'll just draw in the A to B point here. We'll just move that over so there's A to B. And then we're just simply gonna move this line over to the lowest low after that high was formed. You can see we've made a one to one A to B equal CD. And then as we did that, we got a key reversal bar. Key reversal bar price exceeded the prior high, the prior low and closed in the opposite direction. And then yesterday we have a new profile that formed. That new profile is resistance at 41.52 and support at 40.76. Because we have a confirmed pattern, what odds favor, when we get that, is that price will pull back and test that oscillant change line. Now, odds favor increase when we have a color change in that line. The color change tells us the price oscillator is going between, is going above and below zero. In this case here, it went above zero, which can be a bullish message. It's a bullish message after we get the first successful test or the second successful test that is or any kind of test out there. So we have a bottom of a new profile, 40.76, the oscillator and change line really right at that same area. Logically, that's what we should be expecting. Now I'm not saying that happens today. I'm not saying it happens on Monday or Sunday when we open back up. But the clearest message of these four is coming from the ES mini. And that says we should get down to that 40.76 level and test that area of support. In the case of the NQ out here, it's not as clear. In fact, the NQ does have a new profile. Price looks like it's just above the top of that profile. In fact, let me give you those numbers here. The top of the profile for the NQ is 13062 or 13057. The bottom and the center, the bottom's at 12705, the center 12777. So it's a bullish structured profile out there. If price does close below 13062 today, then it's another indication that it wants a retracement. In this case here, I can't be so certain that it would get us back into that support level. Why? Because it's still a green oscillator and change line. It says the price oscillator is still above zero. Bullish conditions, but its momentum has waned out here. So again, that takes me back to the ES mini as providing the clearest signal. In the case of the Dow equity future contract, it has an A to B equal CDT upside pattern that has not been confirmed. And we're just trading inside of Monday's bar. The Dow is the strong one at this point in time. It's not the one to be shorted. If you are going to short, it has been strong and it doesn't have a completed top out there. The Russell 2000 is just a consolidation with inside profile support and resistance. Right now, price is testing a very key level. That's that red oscillator change line. If price were to close below it, and at the end of the day, and the oscillator change line right now is printing out, well, I'm gonna do this here. It's printing out at 1760-20. So use that as a guideline, but if price does close below that, that would then tell us that price should make its way down to the 17-22 level, the bottom of that daily profile. So overall in summary here, we don't have a top in the Dow. We don't really have a top, not really. We don't have a top in the NQ. We only do in the ES mini. And in the Russell, it's just a consolidation out there. So we got a hodgepodge. But I think we take a look at if the NQ closed below the top of its profile, the ES mini closes lower. It's just odd's favor that we get back to that 40-76 level. So don't wanna be laid for that any further. Wow. Let's just simply take a look at what Market Breath is doing here. So in the case of Market Breath right now, this is the S&P 500. We're just negative for the 60 and the 240. We take a look at the daily timeframe. We have 160 instruments above profile, 107 below. So the best situation here would in fact be that price pulls back to 2076. And at the same time, Market Breath remains bullish. Does it have to remain bullish? No, but that would be the nice setup for the next buy point out here because the markets really should rally into the early part of May. You do have troubles here, the 60 and the 240-minute timeframe chart. They are negative, meaning you have more instruments trading below profile, for example, 216 on the 240-minute chart and only 153 above. So we've got some, it's gonna be a choppy market. There's no doubt about that because we've got bullish profile, bullish Market Breath daily, weekly. And it's the short-term ones that are showing us the negative or bearish Market Breath. Inside the NASDAQ 100, same exact pattern on its daily timeframe, 30 above, 19 below. So I think maybe the NQ could take its P's and Q's from the ES mini. That's if it gets back to that 4076 level out there. On an even shorter-term timeframe, just as we go into the break here, this will be the 30-minute timeframe. This is going to be the NASDAQ 100, which is bullish right now, 48 above, 19 below. We haven't looked at the 30-minute charts out there, that suggests a 30-minute show-rally. And let's finish it off by taking a look at the S&P 500. What kind of Market Breath does it have for a 30-minute timeframe? We'll get this populated. There's gonna be, come on, come on, 148 above and 162 below. So again, we've just got Mick, it's not such a mixed bag out here, Jamie. It's mixed messages across the board. Right, short-term bearish inside the NQ, short-term bullish inside the ES mini. I can tell you all last week and even the beginning of this week, we never had that condition. It was the NQ that was leading the charge. Steve Rhodes with TFNN, 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 Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60-minute webinar archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex Report. For all the details to start your 30-day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal 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 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 in 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.com Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Let's go to our first request out here, first request coming in from Dennis from West Palm Beach wants to take a look at Microsoft. You know what, Dennis is actually interested in the short-term time frames, so that's where I put it. I know I did something here. So with regard to short-term time frames out here, we'll take a look at all of them. This goes from all the way down from time frames from the monthly down to a 15-minute chart. So with regard to a 15-minute chart, and I'll give you all of them, with regard to Microsoft, here's what we know about a 15-minute time frame chart. It's got a Confirm Roadsman to Mindicator bottom, of a price is still below the profile levels out here. So your resistance area is going to be 284.90. Your support is at 283.31, all the way down to the low at 282.03. So that's Microsoft on a 15-minute basis. You got that resistance up to that profile. We take a Microsoft on a 30-minute time frame. What do we see? We see that price had a Roadsman to Mindicator. Just trying to expand this out, make it easier for each of you to read out there. There we go. Let's just move this up. This is about as good as I can get. So this has a Roadsman to Mindicator top. Negates its TD9 count bottom, and gets all the way down to its breakout area 282.02. Price is struggling at a source letter and change line. You really need to close above. I'd say what you really need to do is you've really got to close above 284.68 today to suggest that this wants to rally up to the 286 or 287 level, 286.09 or 287.28. So that's a message of the 30-minute time frame charts out here. Let's go see what the 65-minute time frame chart has to offer us. Here we can see a Roadsman to Mindicator signal as it confirmed. Let me just take a quick peek here, and it was. So you've got to confirm Roadsman to Mindicator top. Price dealing with profile support, that's at the area of about 283.49. So we're just above it right now. And if price fails to stay above on a 65-minute time frame, we're looking at 281.48 out here. What other information can we glean from these charts? 130-minute chart is saying I've got support at about 281.30. So overall, what these four time frame charts show us, even if there are auto signals out here, is price is struggling to deal with resistance levels. So make it easy, 285, just make that the number. 285, if price can close above that, we should rally further. Otherwise it's just counter trend moves up in that area. Now on a daily time frame, you have a confirmed TD9 count top. Price is below its oscillator and change line. It's green. So since this has made me able to do more retracement, well, there is no profile that also formed out here. So in the case of Microsoft, more likely than not, Dennis, and I know this is not your short-term request out here, but more likely than not, price is on its way down to 279.41 level. That is the bottom of the current profile out there. And that's really a supporting one. We just looked at with regard to the intraday charts out there. So I do hope that that helps you out and thanks much for taking the time to put in a request and happy holidays to you. The next request is also inside the Tiger's Den. It's coming from John C. John wants to take a look at Micron out here. So we take a look at Micron, John. Yesterday, he had a nice bowl of chamber candle at his bowl of structured daily profile. Not that that completed a pattern, which it didn't, but price did get back to support and it held. So it does look like it's bottom. Now what the price should do is go target its green oscillator and change line. That's currently printed about 59.18. John C, if price were to close above that green line, it's telling you wants to make a move up to 61.78. So you got yourself a good old fashion consolidation right now is what I would call it with inside profile support and resistance again, 56.65 up to 61.78. On a weekly timeframe chart, you like what it did this week, so to speak. And that price pulled back, tested and rejected that red oscillator and change line. Here you've really got a consolidation. And that consolidation we would say is between 65.12 all the way down to about 48.50 or so. On a monthly timeframe, Micron struggling to clear its green oscillator and change line 63.23. So it just doesn't have its momentum. Now on a 30 minute timeframe, John, I don't know what timeframes you trade or even if you do trade for Micron, but you did confirm a TD9 count top on a 30 minute basis. This suggests that Micron should at least pull back to support. And that would be at about the 57.09 level out there. So that's what I see when we take a look at the charts here from Micron. What else does it have? So on the daily base, so how do we read this? Well, it'd be interesting because a daily, you know, it held support yesterday. So what you want to really take a look at is what's the high of the day so far? And if price is able to close above 58.50, be close by 58.50, then at least for the day, it should rally further. Now 59.20 is another resistance level on that 30 minute chart out there. So that would be the next battle that you'd have to watch. And if price could close above that, you're looking at 61.22. So that's Micron with regard to the 30 minute timeframe chart, the daily and the weekly out there. So John C, I hope that provided the information we're looking for. If not, please go ahead and write back to me and we will be happy to get you what it is that you need. Let's see here, Mr. Bill inside the Tiger's Den wants to take a look at Mercado Libre. M-E-L-I is a ticker symbol. Mercado Libre trading down about $12 this morning. That's about 1% to the downside. So let's get these charts here populated, try to get a feel for what that means. Well, it confirmed a rogement dominicator top yesterday, Mr. Bill. We'll just expand out the daily timeframe chart so we can see that bearish and golfing candle. We know that price was stretched. And now what we have is, we have a new profile, prices trading below the bottom. The bottom of that profile is $12.56. $12.56.05 to be exact. We're trading below that. So what that tells us, Mr. Bill, is that price is likely gonna go target the 11.01.05 area. It's breakout. The reason why I hesitate just to tad is because we have to see what happens when price gets into the swing point here from March the 13th. The green, the outside had changed on its green. So it's not a guarantee that price would get all the way back to its breakout level out here. So I'd be watching price as it targets 11.80.67. The volume on that trading set was 531,000 shares. It pulls back, tests and rejects it. Well, then we probably head back up towards its highs out there. But right now it wants to move lower. I believe that's the target is that swing point. Watch the volume as price comes in there. If it's coming in with more volume, well, that is telling you wants to go at least tackle the 11.24 level. And that could easily get us then down to that 11.01. Now that's a daily timeframe for Mercado Lube. What's the weekly tell us? The weekly shows right now just an inside bar. The way that that is interpreted is the existing trend that is in place should continue. Well, this trend would be to the upside. And on a monthly basis Mercado Lube is very bullish. I say very bullish because price above the top of its profile out there, but it's very early in the month. How about under 30 minute timeframe? What do we have for Mercado Lube? What do we have for MELI? We have a rogment dominicator top and A to B equal CD to the downside. And you've got a bullish engulfing candle that's trying to form right now. Watch the 1237-ish area, Mr. Bill. Your price can get above that. You're looking at 1246 is a battle, 1250 is a battle and 1254 as a battle on Mercado Libre. So just curious, I don't really think we have taken a look at MELI from a seasonal perspective. So since we have just a few moments here, let's try to pull this up and see if we can get this for Mr. Bill. M-A-L-I. Go ahead, populate here, we go Mercado Libre. Let's put it back as far as we've got, which is 15 years worth of data out here. And on that 15 years worth of data, Mercado Libre shouldn't be moving higher seasonally. It doesn't seasonally top out typically over the last 15 years until about the second week of May out there. But it's already topped. It's got that rogment dominicator signal. Not until price takes that out will it signal anything else? So Mercado Libre, my call is headed back to that March 13th swing point. Steve Roach with TFNN, 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, DXAU, HUI, GDX, as well as more than 30 different mining equities. 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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. You got the dial off 87, the S&P's down six and Aztecs off about six. The Russell is down three. The Summys are off about 12 points here. If you give me just a moment, I need to check on something. Oh, here we go. What do we have? Do we have a call? We do. We've got a caller on the line. Let's go out to Ron in Denver. Ron, thanks for calling. Thanks for holding. How are you today? Thank you, Steve. Appreciate the time. Steve, I've got a couple hundred shares of Excel energy in my IRA that I've had many, many years, but I was thinking David's philosophy, sell when you can, not when you have to. I was thinking of selling it here, is it looks toppy, is it, would that be a good move? So today on X, well, first, I'm never gonna say anything is not a good move if you follow David White's advice. How about that? So that's, we're gonna qualify that first. Is it a good move? Is it, is there a top that's in play here? So the first thing that I can share with you about the daily timeframe chart is that it looks like it's on its way up to at least. XEL. XEL, right? Yeah. Right, okay. Well, you have something else up there. Okay, thank you. It should, okay, maybe you gotta refresh your screen. It should show the XEL charts right now. It does now, yes. Okay, perfect, okay. So on the daily timeframe, prices, so prices above all resistance levels. So the, the area of resistance really, that it really crushed for yesterday was at 68, 31. It had done it technically the day before. So in volume on yesterday's session was 4.2 million shares. So we don't have any kind of a topping pattern per se. Although today will become bar number eight of a TD nine count. Now typically, especially in a stock like this when you get to bar number eight, it typically will go on and complete bar number. It doesn't mean that it's gonna be higher, but you are pushing in towards a swing point. This is the swing point from January 11. That did volume of 2.8 million shares. That's 2.8 and yesterday, this did 4.2. So it's really indicating to us that it wants to get up to that level, but you do have a topping signal that suggests that we should see a top inside XEL between today and I guess that would be Tuesday now. The weekly timeframe chart as we look at this has a nice TD nine count bottom and it took price this week right up to resistance. Why did price stall where it did today? Because it got up to that 7167 TD nine count breakdown level. Now, what you and I don't know is whether or not price can take that out, but it does help us to understand why price stopped where it did. And then when we look at the monthly timeframe chart, what we have is a consolidation with inside its profiles. It's been consolidating with inside the profiles for quite some time. When I say quite some time, I'll go back to about the April of 2021 timeframe. It's now April of 2023. So you just got a good old fashioned consolidation. If you can close above the screen, I'll set it on change line, which is pretty much where we're printing right now at 7089. It would tell us that it wants to move to 7452. So how I would answer your question is, so are you considering if you said you've held it for a long time? Yeah, I brought it back when it was 16, many years ago. Yeah, so are you considering selling? 17 bucks back then. Sure, are you considering selling and then rebinding, or are you just looking at maybe getting? You might be looking at another utility. Well, they're looking at, well, yeah, I'm selling and then I got to figure out where I want to go and where I want to put the money. But then I could say with regard to the influx. You know, the thing back in, I was around September, it really came down and I just wanted to avoid that again or something. Well, yeah, you've got that consolidation on the monthly chart shows the real clear consolidation out there, couldn't bust out the lows, it's trying to bust out the highs, but your instinct is maybe you should sell or take some or all off of the table here. And I can't find a reason to really tell you not to. I'm more worried about the market now. This whole world situation with the dollar and the end and the yon and the Chinese, there's so many things going on that I'm just trying to, I don't want to get caught. Maybe I should put in a stop. Well, that's always a good thing is to have some type of stop in place. But your instinct said that you want to do, consider taking profits here. I can't, even though I think this wants to get a little bit higher, it's really not worth the risk, so to speak. And you're a little bit risk averse out here. Yeah, and this one I am, you know. I'm the IRA, I am, yeah. Sure, sure. You know, let me take a look at a 30. I appreciate what your thoughts are and I don't know if we can get back to 74. Maybe I guess I could wait till next week and find out how it goes. Well, the 30 minute chart. I'll put it in a stop and get away that way. Okay. Sure, the 30 minute chart run has a roads meant to mitigate her top. And here's what I would say, if price closes, so on a 30 minute bar, the next 30 minute bar doesn't close till noon. But if price does close below 70.94, it's signaling to you and I that it does want lower price. Now lower price could take us back towards the 68.29 level. So that's another area, at least for you to watch throughout the day. Okay, 70.94, okay. Yeah, and it's had a heck of a rally. Look, we have had seven consecutive sessions to the upside. It hasn't done that in quite some time. So it's not unusual, let's say, to see a little bit of a lower close today. So that's the information that I have for you. Putting this stop makes all the sense in the world, always to do that. By the way, the average, I don't know what the average true range is on this just yet. I thought I had that chart up, but I don't. So Ron, is there anything else I can do for you? No, thank you very much. I appreciate your information all the time. Thank you, sir. You bet, you have a wonderful day. Yep, that was Ron in Denver, Colorado. Before Ron called, we were about to take a look at the SMH as one of our dinners, Mr. Z inside the Tiger's Den. Wanted to take a look at the seasonal patterns out here. So John, here's the seasonal pattern. Now I can get rid of the March 2020, the COVID crash, so to speak, which I just did here, and it really doesn't have much of an impact. So I'm just gonna simply turn that off. What the SMH has suggest here on a, now this is over the last 22 years, what the SMH has suggest that we should see a bottom inside the SMHs right around April. So that's really between now and Monday when we get back here. And then we ought to see a rally takes us up into about the week after that, right after tax day. And then basically a sideways move. The sideways move says that this thing doesn't really get rolling to the downside, the SMHs that is until about the June timeframe. And then it goes on, makes that bottom into October. If we take a look at April here, it's still positive performing month, typically or at least historically over 22 years. If we shorten this, we can shorten it to 10 years as an example. So over a 10 year period of time, let me now get rid of that. Well, okay, so that's without the March 2020. Now this suggests that the SMH at least over the last 10 years have moved lower into about the third, second week of May out there and then a rally into June. So that's a 10 year look at this, John, a 15 year look, here's your 15 year look. And then finally what's transpired over the last five years, but without 2020, and that's your view. Now, if we take a look at the SMHs, just simply for signals, now that we've taken a look at its seasonal set of charts out here, what the daily timeframe shows us is a nice Roachman Diminicator top with price finding support at the bottom of that profile. Now, as price was hitting the bottom of the profile out here, and this kind of goes to a question that John also had about the NQ, he asked me to take a look at the NQ this morning based on a comment that I had said earlier about, it looked like the NQ could form a bottom. This was a couple of days ago, but here in the SMHs, this is an easier call for us, John, and then we'll go take a look at the NQ charts as well, but price is getting back at support. So as price is getting back to a support level, my question is what's going on on the intraday time periods? If there's gonna be at least a change in trend or a supported rally, we should see bottoms. Well, it turns out, if you look at a 15 minute chart, there's Roachman Diminicator signal, the same on a 30 minute timeframe chart. The 130 minute chart has a TD9 count bottom that is going to complete at about 12 noon. It says 1140, so that's another two minutes out here. What do I have on the 195? What do we have? We don't have anything there. So we have several bottoming signals out here, and this suggests that the SMHs should at least rally, perhaps get up to the 258.43 level. Steve Roach with TFNM, 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 TFNM.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. And get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNM.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNM.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement that you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNM.com, educating investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade CHAU or CHAD. Directions daily, CSI 300, China A share, bull and bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Stausoff 81, S&P is basically Vlad Nasdaq 131 right now. Russell's down two, semis are up two. Back on the semis here, we can see that yesterday was day number three of consecutive lower closes out here. We've had the last two times after day three, we've seen a rally. So not surprised, now this could be day number four. Still has to get above yesterday's close out there. But it really does suggest the rally that we see here makes all the sense in the world. Now, if we take a look at what's likely going to occur out here. As I mentioned about the 254, 255 level, you can see that all over the place. At the 30 minute top of its profile, 254. 254 is the asset and chains on a 65 minute turn. 255 is the top of the profile in 130 minutes, which is forming that it's completely that TD9 count pattern. So it really does look like to me that that's where price wants to move to before it then resumes its move lower. Well, how'd you come up with that, Stevo? Well, now that I'm looking at the weekly timeframe chart, this has a confirmed sell the D point pattern. And that says that we should then go test that level. Now that is at 243, a price close below 243. Then we start taking weekly profileries in a consideration, including 222.32. So I just wanted to clear up that nothing I left wasn't clear, but I wanted to clarify the additional information I see and take like the SMHs out there. So do hope that helps you out John and everybody else that is trading. We have another request. It is from Hector and Patty. Hey Hector, hey Patty, how are you doing? It says happy Thursday, Thursday and happy Easter. Same to both of you. It says on your daily gold AB equals CD up. The price movement of the CDD leg is way to the right. Isn't that a sign of a weak move out here? So let's go take a look at Goldilocks. Let's use this set of charts here and if you give me a minute, let's pull up gold. GC, we're in the June contract. So let's pull that up on our screen here and let's take a look at A to B equals. So you're talking about the A to B equals CD on the daily timeframe and I'm gonna draw that in. I'm gonna draw in the one that you're talking about but specifically in first, I want you to be aware of the larger A to B equals CD pattern that has been confirmed and is in place right now and that is on the weekly timeframe. So I'm gonna expand out the weekly chart and we're gonna get back to your daily. So I'm gonna answer your question. I think the longer term pattern has priority over a shorter term pattern. Let alone, this same A to B equals CD that we're looking at here, we can easily draw that in on the daily timeframe. So at least on this one what we have, so let's say the larger pattern here, Hector and Patty, we actually see prices on, do I not have that screen up? Thank you, Mr. Bill. Oh, geez Louise. Geez Louise, DB. Get your, you know, what together? So let's change the screen here and now I gotta re-say it again. So here's your three panel screen. What Hector is asking about is an A to B equals CD pattern that we're gonna take a look at on the daily timeframe but his question is trying to understand strength or weakness and that's where I'm coming from is, hey, let's look at the larger pattern that is out here. So the swing point for gold was the on weekly base was January 30th and the volume there was around, I can't be right, it's just 22 there, that's how best because I don't have that contract up. I can't measure volume, but I can't tell you we're trading about 1992 or trading above the top of its profile. This has a one-to-one price projection of 21.56. Now this retracement here is only 50% and as Hector and Patty know, you do less than a 0.618 retracement, odd's favor you're gonna do more than a one-to-one, A to B equals CD to the upside. So that says likely targeting 21.56, which gets us all the way back into that swing point from back in August of 2020 out there. And then we'll see if that's where our price stops or if it goes on to that 22.45 level out there. So the weekly timeframe chart for gold, price is also on the left side, the strong side, that shallow retracement out there, Hector and Patty, that's the bigger picture. Now let's take a look at the smaller picture. And on the smaller picture I'm gonna simply draw in this, I'm gonna use the swing point from right here on the daily timeframe. That's the low from February 28th, the B point is going to be the high from March the 20th. And then we pull back for about two weeks into a low that forms on March 20th, oh, two days, my apologies, we're looking at a daily timeframe. And so what Hector is asking about is saying, hey, look, look at how price is on the right-hand side of this A to B equal CD. Isn't that really suggesting that we don't have the energy perhaps or it's waning and maybe we're not gonna do more than the one to one. So I see your point. Here's how I would communicate this to you, which if we take a look at it and you're right, but I still go with the bigger pattern and then we come back to the daily timeframe, price is above the top of its profile at 2013. And that's just simply a, it's bullish as we speak. You're back below the 2031 level out there. That is the B point of this A to B equal CD. So I hear what you're saying. I just think you really want to incorporate the larger timeframe. It's always good to look up one level, down one level, but take a look at any kind of instrument out there. So Hector and Patty, I hope that that helps you out. Happy Easter again to you and happy Thursday, Thursday. Let me see if there's anything else that has come in by email. And the answer is there is not. So if you're listening and, well, you try to send me an email, you'd really probably best to give me a call because we've got two minutes left and a couple of minutes in the other session, but I would love some requests inside the Tigers then. That would be a wonderful thing. It just gave me something, is gold up? Yes, I think you were referring to the gold chart. So we did change over to that. So thank you, Mr. Bill, on that. All right, so no, no requests or anything. Let me take a look at Google daily chart. Okay, so let's go take a look at Google E1. Let me a switch panels out here. You just give me a minute. G-O-O-G and second for this to pop up. We change the screens. So as we take a look at Google, trade it out right now, let me make sure about that. I could have a slight delay with everything that I've got going on in my system. So in the case of Google, we've got 107.44. Yeah, 107.44, gosh, it's crazy. So it's taking on a swing point. This swing point, I'm gonna switch back to the other charts. First of all, there's no topping signals that we've got up here. Got a rose meant to indicator signal. So nothing that I see. 108.82, John is gonna be resistance. That's on the weekly timeframe chart and 112.18. But I'm gonna switch back to the black background charts because I've got this delay. I've gotta figure that out. This really shouldn't be delayed. My issue, not yours. Now back to the black background charts. So we're taking a look at Google and the swing point that is attacking right now. And that swing point is from the trading sessions, which is also a bear shooting star candle. So if price can close above it, it is 107.51. That did volume of 32 million. We're at 10 million, John, on a light trading day, on a light trading day. And this could easily do that 30 million shares. So now Google could be setting up an A to B equal C at the upside. However, what I would say is look at that resistance on the weekly chart in the 108.82 level. But this could really be setting up an A to B equal CD to the upside inside of Google. But that requires a close today above 107.51. So I do hope that helps you out. Bob and Spokane wanted to take a look at the NAT out here. Let's, well, let me just put the NAT on this black background screen and see what pops up since we know I've got a delay on the other ones. And Nordic American tankers, right now what you've got, what you want to watch out here is, Bob, is you want to watch 338. 338 is the bottom of the weekly profile. Looks to me like you've got an A to B equal CD to the downside of the daily time frame. That six million was taken out with eight million. Yeah, so that A to B equal CD, it's a confirmed one with regard to Nordic American tankers. That says it wants to at least give you an initial price projection at about the 329 level. 329. Steve Rogers with TFNN, look right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & 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? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in 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.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tygruses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Back up, folks. So we're gonna finish off the show, I believe, with a question at least from Nicholas. Nicholas writes in once, take a look at SkyWorks Solutions. SWKS is the ticker symbol there. We take a look at SkyWorks. What this did, Nicholas, is this formed a new profile yesterday and it closed below it, which is at 112.74. That's not really the end of the world. If we look at the weekly timeframe chart, the weekly has been consolidated with inside a bullish structured weekly profile for two, four, six, this is week number seven. So for a couple of months out here. So I would say we just have a good old fashion consolidation price found support where it should have, which is about the 110.39 level. We actually got down to 110.61 this week. The reason is because that's a bullish structured profile and we've seen several tests over the last eight weeks of that area. So in SkyWorks Solutions, you really have this kind of narrow banded trading range between 110.39 and 117.04. I don't see anything more than that out here. Obviously you've got a new profile. So your resistance zone is gonna be between 116.29 and 118.42 zone because it's a bearish structured profile. I'm looking at my other charts off screen here and I don't see anything else, Nicholas, to assist you. So with regard to SkyWorks, we're just gonna stick with a consolidation between 110.39 and 117.04. And I do hope that helps to you and thank you for your kind message as well. Lastly, I guess then to close out the show, we'll just summarize that. So let me just go back to the other charts out here just so I can, you know, we're all visual. So let me take a look at this. The best signal again that I see out here with regard to these markets is coming from the ES mini with regard to what it wants to do and what it wants to do, we've got a completed, sell the D point pattern, new profile with profile supported 4076, an oscillator and change line at 4076, an oscillator and change on that change colors. When you have a completed pattern odds favor that price is gonna get back there and test that because it's changed colors. It went from red to green. A test rejection of that line says it's ready to move higher. You get back below it. Well, then we're gonna have to come and reassess what is being communicated to you and I. Folks, thanks much for being with us here. Remember we're off tomorrow. We'll be back with you on a marvelous Monday. Everybody have happy holidays out there and be safe and enjoy your family. Take care.