 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 13th, the terrific Thursday edition of today's Trader's Edge 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 is having a great day. Let's make sure we have an extraordinary one. 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 circumstances that life is going to toss at us. Now today you and I are going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I'm here to serve you. So feel free to pick up that phone. I'd love to hear from you at 877-927-664. But if you've got a question you can't call in, you can always send me an email. Send that off to Steve at tfnn.com. And inside the subject heading, please put radio show question. Of course, if you're inside our tiger's den, well, then any and every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. For the most part, all the U.S. indices trading the upside. The exception being the Dow trainees are off 96 points. The S&P is up 25. The Dow is up 137. The Nasdaq 172. The Russell's up 13. Semis are up 13 as well. Gold is up 27 bucks. One to three tenths percent. One and a half percent for silver. A 39 percent, a 39 cent move. Lights recruit us up a dime. The S&P is up 4 cents and a 30 treasury. Pretty about 132.10. Our leaders in the clubhouse to the upside. Mercado Libre up 42 bucks. That's nearly a little over 3 percent. Micro strategy about 17 bucks or 6 percent. Solar edge 13 bucks, 5 percent. Netflix 13 bucks, 4 percent. Asma Holdings 12 bucks, nearly 2 percent. Our shakers, that would be Granger WW off about 20 bucks, 3 percent. SIA Inc, the transport company down 4 percent or 11 bucks. Parker Hannafin down about 11 or 3 percent. Sharpener Therapeutics off 10. 7 percent. And Progresso Corp. Down 6 percent, that's a $9 move. Of course I want to look at what you want to look at. What do you want to look at? Let's go look at this chart right here. This is a chart for the Dow. So this is the cash indices. This is a weekly time frame that we're taking a look at. What I love about this chart is that we've got our horizontal trading range boundary lines. Those are the ones that are in green. We've got our diagonal trading range boundary lines up here. So if we just simply take a look at the descending one, that's what I want to focus on right now. So let's just do this here. Let me get to this set of chart parameters. Let me turn a few things off. Let's turn off that one. I didn't want to turn that one off. That's one I wanted to leave on. Let's turn off that one. Let's turn off that one. And let's turn off the horizontals. There we go. So here is the Dow. This is a weekly time frame chart for the Dow. What we can see here is Price has made its way back up. We can move a little bit higher than this. But what we can see is we are trading into the top of its descending trend line. So we are at or near where a top could or should form if in fact we're still in a downward market out there. The thing that would change that wouldn't be just a close above this descending trend line. I would say it would have to be a close above the high chart. A close above the high from December the 12th out there. I don't have my data box up so I can't tell you what that is. Shoot. Let me see here. See if that will pop it open. There we go. That high would be 33,437 called 33,438. If Price were to close above that then you'd have an A to B equal CD to the episode. But right now what we've got is we have let me turn that data box off now. Let's take a look at the horizontal trade range boundary lines. What we can see is that Price could easily spike up to that 34,152. We have seen 11 closes near or at this 34,152 level. Opens or closes over its history out there. So we know that that is a congregation area. That is a support or resistance. In this case here that now is a resistance level. You've got your descending Price channels out there. If I put on any of the other Price channels out here which is a longer term one isn't really coming into effect about that one. That's not coming into effect. That was an older one about that one there. And at this stage here that diagonal rising Price channel doesn't come into effect. So here's what we know. We do know that the Dow has been a nice rally. It's making its way up towards resistance. It's not going to be there. Or we just will get there when we see a spike up to that 34,152. If we close them up 34,152 that would be a positive for sure. But right now we take a look at just the general markets out there meaning the Dow specifically we are up at resistance. If we take a look at what's going on inside the equity future contract well we know the ESMini has a sell the D point pattern. The four contracts it's the only one with a top. What's transpired since yesterday? The only thing that's really transpired since yesterday is that we do have a new profile that is attempting to form inside the Dow. We won't have confirmation of this till 6.01 this evening. So far pretty solid 33,982 is resistance. Support 33,504 so those are the numbers jot them down on your pad of paper. Tomorrow we'll be able to confirm whether that profile forms or modifies or changes itself or just simply vanishes. So but no top inside the Dow no top inside the Russell just a consolidation with inside his profile. No top inside the NQ although price did get back underneath the top of its profile yesterday and if we did get a second consecutive close below 13.062 I would say that would signal to you and I a retracement back to support which is between 12.705 and 12.777 out there. So that's what I see when I take a look at the equity future contracts defining time wants to know what the ESMini looks like 10-minute time frame. So let's switch over to the white background charts out here see what we see for the 10-minute time frame specifically. Your question is Steve can you look at the ESMini for a possible day trade so as we look at the ESMini here this is the 10-minute chart what we see is an A to B equal CD pattern so that A to B point is going to look like this quite a move out there and then let me just slide this over we're going to move that over to the C point so it certainly has completed the one-to-one or it appears that it most certainly has but we'll find out here momentarily yeah so it's completed it's gotten to the one-to-one level a much stronger move on this C to D like as you can see but and you do have the bearish reversal candle this is the key reversal session that took place at 10.40 defining time do you see that I don't know if you identified that so key reversal requires three things first you have to be in extended condition on A to B equal CD pattern getting towards the completion of that most certainly gets us there road's meant to mitigate a signal that gets us there as well that's the first thing must be in extended condition number two the high and low of the prior bar needs to be exceeded in the case of the downside it's not exceeded it's exceeded to the downside but you know what I mean there and then number three you must close one take in the opposite direction of the trend so there's your key reversal session what the case is doing is pulling back to test support that's at green oscillator and change line defining time you say a day trade which style to the north or to the south a long or a short let me know and then we come back from this break out here we'll finish looking at the ESMini for you Steve Rojo Tf&N 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 forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of 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not so impossible after all for daily market overviews that give you direction on the key in disease selective stocks and commodities subscribe to the opening call newsletter at tf&n.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 tf&n.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 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profile 146 below the bottom so you are in the right position here forget the lines the lines aren't drawing properly out there but the market breath in the upper left hand side that is most certainly correct I believe it to be correct out there so you do have at least a bearish crossover set of signals for the S&P 500 and I believe that is also matching right now inside the NQ which is really what you want well both both really point in the same direction out here in the NQ it's 22 above and 24 below so it's pretty darn close out there so you got to be careful let's go see what's going on on a 30 minute time frame chart obviously I've got the I've got the 10 minutes still up on our screen up here what you're looking for while you're short is you don't want to see the screen us that are in change line acting as support so you really want to see a close below that that's at 41 40 right now if price does close below that the nods favor it'll make its way back to its next area of support on a 10 minute time frame defining time and that's up at the 41 35 level if it's only a counter trend move to the downside because this is a bearish structured profile that formed on this 10 minute time frame chart then where price would find support or should find support would be 41 33 so your areas to be watching here you've got 41 40 so conditions even though on a 10 minute time frame you have a sell the D point conditions are neutral there can neutral because you're above two key resistance levels the top of a profile and the green change line as we look to other time frame charts out here for the ES many what do we see we see a sell the D point on the 15 minute term same rules though it's neutral price above profile is green also turn change line 30 minute time frame chart where it's just slightly negative bearish from a task market profile standpoint we don't have any kind of a top we've got the A to B equal CD but we don't have a bearish reversal candle price above profile price above screen also turn change on what it's really saying defining time is on the short side for you and everybody else make sure you've got some stops in place out here is even though we've got some short term signals their overall message to you and I is neutral that's on the 10 the 15 minute chart the 30 minute chart is just simply all out bullish with no bearish reversal candle the 60 minute chart is all out bullish is now trained above the center of its 60 minute profile at 41 41 this suggests that price should be about close on a 60 minute basis at 41 41 defining time would tell us that price should make its way to 41 54 maybe 41 54 would be the area to be taken a look at on the 120 minute chart really have the same kind of setup going on prices dealing with the center of its profile right now a close above that which is nearly about the same area that we're trading right now it's about 41 44 would suggest 41 57 so if you get a close above the high of those sessions that generated the bearish reversal candle so that's going to be the price point of 41 47 you get a close above that that tells you that you are likely on the wrong side of the trade and that price should continue to move higher now on a 15 minute basis the heat maybe you can handle that is up at 41 54 but I think you said you're in around 41 or you're on 41 45 so you're dealing about a nine point a swing out there 450 on a contract so it's probably doable but that's why I would be looking at my take look at the S&P 500 the ES many as we speak so let me know defining time if that answered all your questions if not if there's some piece of information that you need happy to get that to you you do have that resistance up of that 41 52 that's the top of its daily profile and then of course is key reversal session yesterday's bearish shooting stars so the ultimate resistance level really inside the ES many is up at 41 77 75 let's go to our next question out here and David writes okay thank you I've stopped before perfect okay so David H writes in and wants to take a look at TMO TMO is too much information now it can't be that be TMI TMO is it's not time Warner it is I don't know what it is it's a thermo Fisher scientific there we go so it's actually read the question from David David's question goes like this you look at TMO for me a week ago or so I have the 595 calls expiring on the 21st could you look at the charts and give me an idea of the upside potential during these seven trading days so we've got TMO on the screen right now what you'd love to see today David is you'd love to see it close about 586 34 there's an A to B equal CD that is in place right now it has achieved the one to one level that says be on the lookout for a bearish reversal candle if you were to get one of those that would tell you that you're now in a sell mode versus let's say buy mode out there 586 34 is a TD 9 count breakdown level that was formed or that generated on February the seven so taking out that high would be a bullish outcome you're looking for this to get to you at the 595 calls I would say close of a 586 is going to signal to you that prices intent is to get up to 600.87 600.87 is the top of the weekly profile 601.86 is the monthly oscillator and change line I believe that that's where you're going to really run into your resistance level assuming that price closes the day above 586 34 and that's going to be at that 601 level which is the top of the weekly profile and it's the monthly green oscillator and change line out there let me see what else do we have for thermal Fisher scientific let me look at not really much else let's do this let's take a look at TMO let's see if we've got historical data let's actually try to type in the correct symbol TMO and that's thermal Fisher so we do and we have 43 years worth of data so let's use all the data and right now you are in a wall it's most favorable seasonal cycle over the last 43 years that is this is the best month of the year Wednesday and Fridays are your best days of the year but Thursday is not a bad second out there Mondays doesn't like Mondays who likes Mondays out there and it doesn't like the month of September that's over the course of the last 43 years this is set to really top out in about June based upon the seasonal pattern how about the last 25 years same thing getting ready to form a bottom right now and should move higher so we're in that favorable seasonal cycle over the last 15 years still somewhat favorable but kind of Peters out right around the next week the 19th out there so that's over the last 15 years that last 15 years that's got the 2020 so I got rid of the March 2020 that's not doing anything out there so yeah I would stick with this it looks good you're in the right seasonal timeframe for thermal Fisher scientific and they'd love to see a close look at that so David H in Panama City I hope that helps you out please write back to me and I'll try to get to the information that you are looking for insider Tigers Den Dwayne the bathtub wants to take a look at platinum so let's go take a look at the platinum I hope I was on okay good give me a second here we'll pull up the platinum charts and those platinum charts so we're trading the July contract out here no for the monthly and the weekly timeframe Dwayne I've got the continuous contracts the continuous contracts are suggesting that we should have a higher price 1086 being a price target the daily timeframe very similar to what we looked at with David H for TMO you'd love to see a close above 1040.50 why? that is it's TD9 account breakdown resistance level closing to that would be a beautiful thing that doesn't mean you're not going to see a short-term top because you really should a short-term top should start between about 12 and 1 o'clock this afternoon and we should get some type of retracement out there but you'd love to see this day above 1040.50 that would tell you we're headed to higher ground after some type of short-term retracement but we'll finish looking at platinum as soon as we get back from this break if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room the Tiger'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 and 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and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has 8 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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com so we're back looking at platinum folks so we can see on a 60 minute time frame chart you've got a TD9 count top that is going to confirm it and it will complete at 1 o'clock we are in bar number 9 as we speak right now on the 30 minute time frame bar number 8 qualifies and as long as price closes above on a 30 minute basis closes above 1054 60 and that's at 12 noon you'll have a confirmed TD9 count what price should then do is pull back to its oscillator and change line 1052 you're going to get a TD9 count or likely to get a TD9 count that completes at 1 o'clock so the top may not be over out here and if you take a look at the 4 hour and the 5 hour charts 5 hour chart will go ahead or the 4 hour should say at 2 p.m. will complete a TD9 count and the case of the 5 hour chart that won't be until late this evening before that takes place out there but you've got a number of the topping signals here in platinum now the cool thing there is that it's possible that these will get negated and so the first place to start the first place to watch I would say is the 30 minute time frame so it's a 30 minute time frame chart that you should put up on your screen and continue to watch it now I don't know what the high of the pattern is going to be I can tell you what the high of the pattern is thus far which is 1060-20 but we could get a spike above that between now and 1230 so the 30 minute chart will complete its TD9 count or should complete it at 1230 so whatever the high is that's what you want to make note of defining time because if price closes above that on a 30 minute time frame then that's telling you about a strong upward momentum moving maybe the other TD9s will fail as well but right now what platinum is doing is running smack dab into pattern resistance out there and so the next couple of hours will be pretty critical for it when I say a couple of hours the five hour chart is not going to complete its pattern until like 11 o'clock tonight and actually won't be until 4 in the morning because that would be the bar following bar number 9 out there I hope that helps you out and thanks so much for the request we got a number of other requests that have come in the next one coming in from my gym let me close these out so I can at least free up some space here give me just a moment to do that we'll go take a look at Jimmy's request from inside the Tigers then the first one is going to be ticker symbol CAL so let's get back to those charts out here and CAL is drum roll droney I don't know what it is I don't have to know what it is we're agnostic to it but it is it's a very good request and if we take a look at it it's trading out at 22.05 on my screen it says 21.98 sorry about that it is really trading at 22.05 as we speak right now does that matter no it doesn't really matter it's trading with inside a bullish structure profile out here it's really a consolidation so to speak so to speak I have to say your support level is really 21.54 to 21.74 and resistance up at 23 in a quarter what I don't have here is any kind of a bottom pattern this negated a TD9 out bottom did it well no never formed a TD9 out bottom so I don't have any kind of a bottoming pattern out here I just have a consolidation on the daily basis I've got a consolidation on the weekly basis with price below the center of its profile below it's read outside and change line and move to 2027 would not be a surprise which is both the bottom of its weekly and it said a monthly time is out there on a 30-minute basis so we have had price moving lower on the 30-minute chart what do we see out here what we see is 21.81 is a level to be watching now Jimmy if price closed below that that's a TD9 count breakout level on a 30-minute time frame that tells you about lower price coming at you so I'd watch that to the downside to the upside I'd be watching that greenhouse that are in change line currently about 22.17 if price get closed above that then you'd be looking at the most recent highs out here on that 30-minute time frame so that's what I see when I take a look at ticker symbol CAL but Jimmy had a twofer out there and that second instrument is going to be C-P-R-I Capri out here at C-P-R-I is trading at about 43.67 the actual number is 43.73 this is Capri holdings now Capri holdings is trading below the bottom of its bullish structure daily profile has been for about a week maybe six sessions out there and it has been able to find support at that red oscillator in change line 42-49 if price were to close below that well that's telling us that it's going to go retarget or target the swing point low or the swing point itself from March the 15th that's anywhere between the price point of 40-23 at the low and 41-54 at the high the weekly chart price found support at its TD9 Cal breakout area that's at 41-98 you're back inside its profile as long as price remains about 42-97 may want to move up to 45-70 the monthly time frame kind of like the daily a little bit troublesome troublesome from the standpoint that price is trading below profile trading below its oscillator and change line is key level of support would be the low of the hammer candle that formed in May of 2022 and that's done at 36-90 so how are we going to summarize all of this if we want to summarize it I'd say you don't have a bottoming signal we had a TD9 Cal that took place all the way back here in the early part of March or mid-March out there but price is pulling back your below profiles I don't have a great take on this Jimmy I don't know that I had a great take on Cal either so you've given me two curve balls how could you do that I'm just kidding you so on a 30-minute time frame a 30-minute time frame formed a Gartley bi-pattern so it looks like this that's what my eyes visually see let's just make sure of that so here's your A to B we'll just move that over to the C point out there there we go and maybe not maybe Stevie's eyes aren't as good I think that's a little bit too far away to call it a buy the D point or Gartley bi well we do have here at a 30-minute basis Jimmy his price is back inside his profile 43.65 your next battle is at 43.89 and above that 44.23 so that's about as good as I can do for Capri C-P-R-I sorry that I couldn't have performed better or maybe I could perform just a little bit better let's just see if C-P-R-I oh that's the wrong panel and I'm interested in that panel this is the panel I meant to try to drag over there and I got the time so let's see here C-P-R-I just to see if there's enough data in here if there's any data and there it is so let's go take a look at how many years worth of data do we have we've got 11 years so in 11 years if we take a look at what we were just looking at you kind of see the sideways type of action out here that we're sort of in this little consolidation and then slightly moving lower in essence that's really what the daily and the monthly charts were communicating to you and I so I think we're just in you know April's a decent month March is a terrible month you know you get a little bit of a counter trend move it looks like in April or historically you have over 11 years and then you've got a terrible may out there so I just be careful with Capri based upon the weekly and the monthly charts that you and I looked at that helps you out thanks much for the request as always next request coming in from Joey D inside the Tigers and Joey's going to take a look at SRS and that is the ProShares real estate ETF out there is that a double or just a single do you know I don't know the answer to that but as we take a look at SRS maybe it's a double because I would imagine the single is the XLR-E out here but as we do take a look at SRS here's what we know trading below profile you trade below greenhouse that are in change line you're trading into a swing point that swing point is from May the third April the third swing point did volume of 87,000 shares so far you have done 65,000 shares prices moving lower with volume if it closes below that low about low being 1731 this is going to generate an A to B equal CD to the downside that's what we see when taking a look at the daily time frame weekly time frame says ah not too much to worry about Stevo I'm just in a consolidation I'm trading above my green oscillator and change line so that should take me up to 1995 the monthly chart says I've just got a good old fashion consolidations between 1479 and 2181 out there so that's what I see when I take a look at XRS XLR-E while we're going to break here just want to see if we've got that similar type of a volume it is the XLR-E what's it doing no that's not showing the same thing at all so maybe there must be different instruments inside XLR-E versus SRS I don't know but that's what I see Joey we take a look at SRS hope that helps you out Steve Rhodes with TFN 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 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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 for side fund services LLC this program is brought to you by Vista Gold and YSC American and TSX under the symbol VGZ welcome back folks so let's go to our next question this comes in from Greg this is by email Greg Wright said now would you look at this move in XBI you trade the L,A,B,U and need an entry for this next move what do you think so you got a confirmed A to B equal CDT upside now I assume it's going to be confirmed You're already at $5 million, two hours of trading. So I'd say you've got to confirm A to B equals CD. The price projection, the one-to-one level out here, I'm not gonna draw it in, I'm just gonna give you those numbers, I've got them on my other screen out there, Greg, and that's the one-to-one is $79.86. The one-to-one 0.272, $81.24, and the 1.618 is $83.01. Those are your price targets to the upside from a daily standpoint. The weekly says, hey, skip what Stevie said. When you get to $79.73, the weekly is lined up with sellers out there. Now, if price can close above $79.73, then you're looking at that move to 81.25, $83.01. So that's a beautiful move today, nice volume, set up an A to B equals CD, $7.86, but at $79.73, you've got weekly profile resistance and at $83.33, you've got monthly, oscillator and chains line resistance. So everything looks pretty good here, and at least you're pushing up into a resistance level with volume. You want them to keep stepping on the gas out there, Greg, but that looks pretty good. So I do hope that helps you out. Of course, you're looking for the next entry out there. You're going to have to wait for a pullback, and maybe we're about to get one here in the next couple of days or so as price deals with those resistance levels. Let's want to take a look at the spot volatility index out here. So let's do this. I went ahead and threw up a set of charts here, daily, weekly and monthly. We don't do this too often. So there was a TD9 count pattern that did form out here. It formed on April 3rd. That was negated on April the 6th. Does that matter? I don't know if it matters or not. What we can see here, Fletch, is that all the rallies inside the VIX index have run into resistance at that red oscillator and change line. The red oscillator and change line tells us the price oscillator is below zero, and because price is below red line tells us it's falling. Those are bearish conditions out there. The monthly chart doing the same thing below a red oscillator and change line. Forget the profile levels out here. Those aren't real. I just don't want to change screens and all that setup. So I don't have any kind of a bottoming pattern or anything along those lines. If anything, things are really somewhat kind of bearish for the spot politics. That would be bullish for the S&P 500. Fletch, if that didn't provide you with the information needed, please let me know. I'll try to get back to that for you and get you what you're looking for. We had a request to take a look at Procter and Gamble. That was from John Z. That's not what we were looking at. That's not what John wanted. That's not what John wanted. What John wanted maybe was gonna be this tab. Let's see, do we have it? Yeah, Procter and Gamble. And that came in off of email as well. Ooh, the fine print is too fine for Stevie's size. Let's see if we can span this out here. Procter and Gamble, ticker PG. If you could bring up your long-term charts, Procter and Gamble doesn't seem to want to sustain any moves above 150 to 10. And I want to see Procter and Gamble go to 165. Would you buy PG and hold it for a year? Well, first off, what Procter and Gamble has done is it formed a TD9 count top and it completed that pattern on April 6th. When you complete a pattern, what usually takes place, John, is price pulls back to test support. In this case here, that would be the Oceter and Chains line. What did it do yesterday? It tested and rejected support. What is it doing today? Test and rejected support, that green Oceter and Chains line. Its conditions are neutral. You're asking, would you take a long position now? But you want to do it for more of an intermediate-term play out here. So best advice I can give you is let's be patient. You should be patient because you want a longer-term move. And the reason that I say that, John, is if I look at the monthly chart out here, we can see that price is consolidating with inside its profile. And we can see that this month, as well as the prior two months, not that prior two months, I started the January and December of last year, but January of this year, price ran and resisted that 152.08. That's what it's done so far as we speak. So I would hesitate, especially with the daily, having a TD-9 account, granted that price has held support. I see that. And we could easily see it move up to 154.80. Could. But the monthly chart just says, just be patient out here. The 30-minute chart, you see what the 30-minute chart tells us. 30-minute chart, not telling me a whole lot, other than price did find support where it should have. At $149.95, that was its breakout level. So to answer your question, wait, be patient, see if this thing pulls back, hit me up again if it does, and we'll then perhaps be able to find an entry point into Procter and Gamble. Jane wrote in, and Jane wants to take a look at Walgreens boots. Let me get over to her question. And it says, could you please look at WBA? I have the 40 May 19 call, should I get out and re-enter at a later time? So we take a look at Walgreens boots. Here's what we know. You've got a little bit of a consolidation right now with inside its daily profile. And price is testing the bottom of that profile. That formed yesterday. Whoops, that was at 35.42, I believe. Yeah, 35.42 is support. So would you get out? I wouldn't get out unless price closed below support, but then you still have another support level, Jane, and that's down at 34.98 or thereabouts. I say thereabouts because it's the oscillator and change line and that is going to change. I don't have a top, so to speak. So without a top and just a consolidation and price holding support, I would stay. Walgreens boots on a weekly timeframe is consolidated with inside its profile and price has hit resistance up at 36.60. We have a consolidation inside the monthly profile as well, 34.11 being key support there. So, well, let's look at a 30-minute chart. You know, we've had price pullback yesterday and today. What is that setup for? Has it set up anything? And at this stage, the answer is no, it has not. It set up the potential. Quite frankly, we have an A to B equal CD to the downside. And if that were to come to fruition, that would give you a one-to-one price projection level about, give or take, right around the 35.03. It could call it 35. No, this could form a TD9 count bottom. And it could do that between by 12, this is bar eight, by one o'clock. But in order to do that, Jane, price must spoke, must spoke or must spike below 35.43 between now and then between now and one o'clock. And then you could get a TD9 count bottom pattern on the 30 minutes. So 30 minutes is somewhat questionable. But the daily says just hold on because price is back and it's full of structured profile and that area may hold. So hope that helps you out, Doug, Jane. Thanks much for writing in. If there's any price change inside Walgreens boots, please write back in and we'll be happy to pull those charts up and get a feel for where price is headed to. We've got AMZN, that's a request out here from Hector and Patty. They are fuel injectors and the question goes like this. It says, happy thirsty Thursday. Thank you, same to you. Amazon, you see the potential for a run to 114 top and break through this month. Any thoughts there? So we take a look at Amazon, what you really wanna see this do next in order to really get on its merry ways is to close above about 10109. So that number's gonna go up a bit. So let's just call it 10125. If it closes above that, then Hector and Patty, you're gonna have a battle at 101.83 and then a real battle at 104.20. So that 104.20 is really where you get the answer to the question, will this get up to at least that 111 area because there's an A to B equal CD that gets us up to that range. We don't know how price is gonna deal with the resistance levels that we've already identified. 10110, 101.83, 104.20, 114.08 on the monthly. Nothing, your weekly isn't the one giving you any problems out here. So you'd really like to see this close back above or back inside its profile, Hector. That means a close today above 100.25. Otherwise, this could be telling us about lower price before we actually had higher. So I do hope that helps you out. Thanks much for the question. Steve Rhodes with TMNT, be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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I was writing, we had a request out here for an instrument, I didn't realize I was on the wrong set of pages. After the show, I'll go ahead and post them into the den for you. That was ticker symbol, M-A-R. So my apologies for that. Let's go out to our next question out here. This is from inside the Tiger's Den from Siegel. And Siegel wants me to take it. He's asking about my thoughts on gold. That may be gold and lights we grew, but we'll focus here on gold. That may be all that we get to, but we'll see. So we take a look at gold. What I wanna do is kind of give you the bigger picture out here. And so to do that, we've gone to these charts. Now I'm using my synthetic version of the gold contract so that I can get these longer term profiles out here. We've got daily, weekly, monthly, and quarterly that are up on our screen. What I would first say this is if we take a look at the weekly timeframe chart, we can see the first high that was formed out here that was back in 2020, August 2020 out there. Probably pull back even a second here. So really we could go all the way back here to September of 2011. Then that high, and we make just a slightly, now we take on those highs back in August of 2020. That's the first time that we try to take out those highs. The next time we do that, this weekly timeframe is March of 2022. And now, as we see price moving up towards that swing point area, this is gonna be the third time up. Typically, it's not a guarantee, but typically it's not the third time that's the charm. Siegel, it's the fourth time that is the charm out here. So right now we have a series, at this moment in time, a series of lower highs out there. Don't know whether that's going to, I mean, goals look good. Looks like we've got A to B, we'll see it at the upside. I'm just saying, I am just saying, it's usually the fourth time that up that will get you through. And we're only at time number three to the upside. You gotta like today's action on a daily basis. You're trading above the top of its profile. So that's a bullish outcome. We can see even on the bottom here, look at that nice consolidation. We're headed up towards the top of that consolidation pattern. Which by the way, if we do close them up, we break through the consolidation, we're headed up to three grand. I think it's likely not to be this time around. We get one more pullback. And then that will be the final buy for Goldilocks. Folks, stay tuned. You've got great programming. I'll be back with you tomorrow on Fantastic Friday. Please have a terrific Thursday. Take care, folks.