 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll-free at 1-877-927-6648 or internationally at 727-445-1044 The Trader's Edge Now Steve Rhodes Good day from TFNN Welcome to the April 8th The magical Monday 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 of course the easiest way to do that It's to always remember that Life is happening for us Not to us That's right, we need to make that one little 2x4 shift It means we can find the gift in every set of circumstance That life is going to toss at us Today you and I, we get to go check on the circumstance of these markets We get to go figure out what the bulls and the bears What the buyers and the sellers are communicating To you and I, just past 1 o'clock in the afternoon I want you to know that I'm absolutely grateful For your presence here, but most importantly I'm here to serve you So feel free to pick up that phone Dial on in 877-927-6648 And if you can't dial in, we've got you covered there too Let those fingers do the walk and you can send me an email Steve at tfnn.com Inside the subject heading Please put radio show question and in the tiger's den Well, any ping will do So let's go ahead and get this show started on Magical, Marvelous Monday Of course this is Tiger Financial news network, I'm Steve Rhodes Welcome to less show Right now the Dow trading down about half a percent That's 118 points S&P is off less than two tenths of a percent That's five points, no big deal there NDX100 basically flat off two points So the biggest mover percentage wise Is the Dow And then the Russell 2000 is off about the same percentage wise That's six points, gold's up six bucks We'll look at that, Silver's up 13 pennies Leading to charge the upside Booking holding 17 bucks A little less than one percent Chipotle up six dollars Less than one percent Autozone up four Coherent dink up three Win resorts up two and a half percent Or three bucks, 360 To the downside it is Boeing We'll focus, we'll spend some time there That's off 18 bucks, four and a half percent Because it's number one Weighted stock inside of the Dow So having a big influence on the Move lower in the Dow Regenerative pharmaceuticals is off 12 Spirit aerosystems That's Spirit Airlines That's down six and a half Ascendist pharmaceuticals off six No, that's not Spirit Airlines Spirit Airlines is love, isn't it? They've got the love out there Okay, so let's do this here Let's start off by taking a look at the Dow But we're gonna do that Let's do it like this first Let's first look at the actual components Inside the Dow So here is the Dow 30 stocks From Boeing at number one I don't recall the exact weighting Do I have it yet? Ten percent So Boeing is ten percent United Health is six percent Three M is five Goldman is five You get down to nine stocks Represent 50 percent of the weighting in there Some people are kind of amazed that IBM, but it's a market cap Is still number nine They're within that top ten The tenth one would be Caterpillar And then you get all the way down to the 30th stock That's Pfizer one percent And Coca-Cola one percent And Walgreens boots one percent From a weighting standpoint A little over one percent out here So now let's go take a look at Boeing and what is Boeing doing And when I say let's go take a look at Boeing You know, and I know Dave Mason knows We're just kind of trying to understand Is the move lower taking out support The answer is no it is not Not when we take a look at market profiles And on this chart here that you're looking at If you guys are watching us on Tiger TV If not, let me explain Support there's going to be two levels of support here The first is going to be the bottom Of its bullish structured daily profiles Three seventy twenty is the number The low so far today is three sixteen eighty I'm sorry three sixteen hold on a minute here Hold on a minute here I was giving you wrong data The low today three seventy one eighty six I know that didn't look right Again the bottom of the box that was correct Three seventy twenty has support been broken The answer is no And a secondary support or maybe what one could say Primary support because it's a weekly profile Should be stronger than the daily profile out here And that's at three sixty two ninety That's the number three sixty two ninety out here So you've got so and if we take a look at volume If and Boeing could be making an A to B Equal CD to the downside It'll have to take out the lows from March twenty second That number is three sixty one fifty two And we need to do with more than ten million shares out here So price today pushing lower with some decent volume Nine point nine million shares Again the last time down there that's that Potential of a B point to an A to B equal CD To the downside And by the way let me give you what that would look like It's not there I am not at all communicating to you That Boeing is making an A to B equal CD to the downside If anybody is then they are really great At they've got a crystal ball Because I can't tell if this thing is going to It hasn't broken support So how could this possibly be making an A to B equal CD To the downside Well the news could get worse out there That's for sure If it did you'd be looking to move down to about the three fourteen To the two ninety one level And that would or should put a pretty decent world of hurt Inside of the Dow simply because of its weighting So what do we know We know one twelve in the afternoon Dow is trading lower Primarily because of Boeing but not only because of Boeing The first five to four the first four stocks That make up a significant portion of the weighting To the downside Home Depot to the upside Apple to the upside There's be stocks five and six out here Okay so we know that What's the Dow doing Well in fact let me just switch over to that specific chart Let's go take a look at the cash In to see versus the equity futures right now Just so I can give you a number to be watching And if we take a look at the Dow itself Is done thus far today Nothing more than test support Now in the case of the cash indices What we're using as support is Stevie's green line That's twenty six to forty two How do you know when a retracement Is nothing more than just retracement Well one of the ways you know One of the exact ways that you know Is price just simply moves down And test Stevie's green line Or it can be read when it's green It's a Uber bullish What I mean by Uber bullish I'm looking at the Dow I'm not looking at Boeing right now The Dow has a rising price oscillator above zero That's a beautiful thing Now look today's move in the cash indices You can see a little doji in Stevie's window That was on Friday You can see that today actually right now Is a doji out here But I don't know where this is going to close It does have but we do have a bearish reversal Candle right now Which is the gap to the downside That's what we have out here As long as Friday's low isn't tagged We have the makings of a potential top But in order for that to occur We have to see support being broken Inside the cash indices It's going to be Stevie's green line 26-242 Breaking below that Closing below that doesn't mean it's curtains But it is a reason I'll get the word out That you really have to go ahead And then investigate further But right now, 1.14 in the afternoon This is nothing more than your garden variety Pullback retracement I should say To support in the Dow Jones Industrial Index Steve Rhodes with TF&M We'll be right back The Taz Profile Scanner Is the most revolutionary piece of trading software That you will ever try Wouldn't you like to approach the 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as they happen Live and have access to archives of all of those charts You can test drive the Tigers Den Absolutely free for 30 days And greatly enrich your knowledge of these markets And how to make your money work for you Details on the Tigers Den Are on the front page of TFNN.com TFNN has launched our brand new website You can still visit us at the same TFNN.com URL But when you do, you'll see a new and improved homepage With a much simpler navigation Whether you're watching Tiger TV live in high definition Or just accessing your newsletter subscriptions We even have new pricing in 6 months and yearly options Check out the new TFNN.com now And experience all the upgrades TFNN.com Educating investors Welcome back folks So we were looking at the Dow cash in to see out here And here's the Dow equity futures contract, the daily We can also see that all price has done thus far today Is tested support, that's Stevie's Green Line 26247 We want to pay attention to it because of the potential For a butterfly sell pattern that is out there But price must break through one level of support There's several levels of support We're going to go take a look at those out here By the first level that we would need to see crack is 26247 The Gartley or butterfly pattern out here Which has an A to B equal CD And you can see that pattern I would gladly take $5 For every pattern that sets up that doesn't confirm With a bearish reversal signal With markets moving higher And a close below Stevie's Green Line And pay $10 for everyone that did do that Or received $10 when it does do And you'd make more money Because we just have to see Support levels fail out here And thus far at 1.19 in the afternoon That is not the case So be careful out there Be mucho grande careful And I know that basically doesn't work out there Okay so let's take a look at the Dow Equity futures contract The Dow cash in to see out here And Jay in the den asked if there were any new profiles And it was kind of like Like rowing in Martin Roads in him and he'll be the Martin out there Teamwork because how did he know that In fact it was the Dow equity futures contract Which is the only of the four contracts out here That formed a new market proposal Or I will say is forming Now I have this right now on the June contract I did not have this here this morning I only had it on my modified Or synthetic or composite contract And that showed up late last night So the mere fact that now it's moving over To the June fairly solid We won't really know till mañana But what we can see is now we have Two levels of support Really kind of three out here But we'll call them just two And the second level is going to be The bottom of this new profile 26.017 I was going to say And I can say and you can say That there's also another level of support At 26.214 the center of the box Not until the, so here With regard to the Dow itself Which clearly is being influenced a lot By Boeing out here Not only does price need to close Below steepies green line In order for there to say There's a change in trend When you look at this chart here You can do this Make it a little bit easier for you And I'm just going to say If you were just a person You were just listening in And you're saying What the heck are these Market profile things you talk about Whoops I didn't mean to do that I would say You don't need to know How they're calculated You don't need to know Anything about them Other than this fact The bottom is support The top is resistance You trade above the top You've broken through resistance Says you want to move higher Pull back to just The top of the box Old resistance New support Is that the final support No the bottom of the box Will always be support There's going to be a change In trend Support must be broken If you now look at The Dow equity futures contract The June contract Off of the lows out here From December of last year You do not see a close Below the bottom of a Market profile What's that mean Supports never been broken Out here Support but we did see resistance broken We saw resistance It was a bare structured box Out here Resistance was broken through On January 17 Now it didn't catch the bottom You need other tools to catch a bottom Or catch a top so to speak Each of them still have to confirm L confirm out here And in this case We don't have it So you're not going to see I'm not going to see We're not going to see A change in trend Until we see support broken At this stage of the game That is not what we have Now I don't want to beat a dead horse I'm not trying to beat a dead horse I'm trying to focus in the one area Where we do really need to pay attention to Because Boeing could just be a real I don't want to say crash and burn Because it's good But you know what I mean out there That's kind of the problem With regard to Boeing out here But if we take a look at the Dow Equity futures contract as well And I look at the horizontal levels Of support set up by its horizontal Trading ranges out here We don't have any breaks of support Here either Price would have to get below 26047 It's the YM out here In order for that to take place And that is not what we have In the cards That's not what it has in the cards For us Okay So that's that So to speak But now the equity futures contracts By the way Are in essence Each doing the same thing Or sort of What do I mean by that Well if we take a look at the ES Mini out here What we're going to see is Today could very well be Day eight Of that Tommy DeMark set up trend line The move lower today Basically a test of Stevie's green line That green line number 2683 So it's close, no cigar But still nothing damaged Nothing broken here If we go take a look at the NQ In the case of the NQ We're going to see the same type of thing Being nothing more than a test of support Stevie's green line 75-72 Now I want to pay attention to that Because today if it closed below that level You could, you would get A bearish reversal candle And you would then be below Stevie's Green line And price had been moving higher Doing less relative energy It would say this A to B Equal CD pattern That you and I are looking at on my screen That takes us 78-55 May not happen Or may not happen just yet So to speak So there are warning signals Out here But folks The warning signals are nothing more Than if you happen to live in Florida Maybe it's like your state too I don't know I can just report on our weather people Here That basically say each day has a chance of rain Hello You know Look We can flip a coin heads or tails I'm going to be right half of the time Going higher or lower We want to be more right than that We want super Doppler out here And that's what I think we provide you With regard to Stevie's Green line Red line The TAS market profiles And some of the other tools That we use out here Okay Enough of that Hocus pocus Dominocus Let's go to our first question This coming here from From Mike Mike M Haven't spoken to Mike From Sarasota in a while Mike thanks for writing in Says Adobe Can we take a look at Adobe A ticker symbol there is A-D-B-E So let's go take a look at it And then let's finish reading Mike's question So we know what it is That we can help with He says Thank you TAS profile help on this one 30, 60 and 120 Whoa Whoa Whoa Whoa Whoa All right We'll do that for you But I typically don't look at those profiles On the individual stocks For those time frames That don't work I'm just saying It's complicated No It just You just don't have a lot of data out here Like a 30 minute chart Okay I get it You can break a 6 and a half hour day Into you know Equal 30 minute sessions You can't on a 60 First First I'm just going to do what he asked for Because you know If you write in That's what I do Or I try to do And we'll see the profiles So we're going to put 30 60 and 120 We're switching from Daily, Weekly And monthly out here And so let's answer those questions First out here So Mike With regard to Adobe You can see on the very left hand panel You've got your 30 minute profiles You're above the top of the box 266.83 On the Let me move this box over here Maybe you're watching on Tiger T TV if not You can get the archive of this Through the YouTube channel Resistance on the 120 The top of that box is 268.95 Just above the top of the 60 minute Profile 268.31 This is Steve Rhodes with TFNN You're right back And we'll finish up Adobe A-D-B-E I'm certain you are or strive to be One of the best of the best At everything you do in life It's the most common trait That we Tigers and Tigers share If you're looking to become The best of the best When it comes to managing your money Let me teach you to do What most wealth managers Tell you can't be done Which is how to time the markets I'm Steve Rhodes Author of Mastering Probability And for the last 12 months Timer Digest has been tracking The newsletter signals Which have earned me the ranking As their number one market timer In the nation for the S&P 500 For the last 12, 6 and 3 months Timer Digest also ranks me As the number one market timer For gold as well The fact is markets can be timed And I'll teach you the exact set Of tools that I use That has transformed me Into one of the best at what I do Sign up for Mastering Probability Today by clicking on the newsletter tab On the homepage of TFNN.com And get immediate access to workshops Like you step by step How to use an extraordinary set of tools As well as provide great market calls too Sign up today The path of least resistance Is David White's daily trading newsletter And if you're looking for active trading ideas Then now's a perfect time for a 30-day free trial To this powerful daily trading advisory service David uses his years of trading experience To offer his subscribers his trading ideas Each morning in his path of least resistance newsletter Using a combination of equity trades Along with options David keeps his subscribers up to 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scan thousands of stocks For Fibonacci formation setups Including guardleafs, ABCs, butterflies And much more The Art of Timing the Trade Chart Is designed to help you When scouring the markets for stocks Just beginning to form the trading patterns That many investors spend days, weeks Or even months searching to find And right now we're offering licenses Available at only $79 a month We are so confident that You're going to love this new charting software That will even give you a 30-day Unconditional money-back guarantee Don't miss out on this incredible new piece of software Get your copy of The Art of Timing the Trade Chart Today by visiting TFNN.com This segment is brought to you by Think or Swim For more information, just click The Think or Swim banner On the front page of TFNN.com Welcome back, folks So we'll take a look at the ticker symbol P-D-B-E, that is Adobe Those of you that use the Photoshop The PDF reader I think it all comes from Adobe But here we're just taking a look at the stock And Mike is, in essence, asking the question Do I think that Adobe will go back And retest the lows of Friday Now Friday, let me just expand The chart out of the daily timeframe, Mike And you were more interested in short-term Timeframes because of the Puts spread that you have on That we're just going to focus on the daily So you've got the numbers If you didn't get the numbers Watch the archive, you'd be able to Take a snapshot of that screen In about half past the hour out here So on Friday, when you were entering a trade There was a brand new profile That form, so it's apropos You were asking about profile information On the shorter-term timeframe out here So first of all Here's what we know about the profile Bullish Instructure Center line closer to the bottom 265, that was the low of today The Bottom of that box is 262 In the top of the box of resistance 272 So what we know about The center line of the box is 265 Now it's also a bullish profile Because you can see on a daily basis The low of Friday's Profile that formed is above the Prior low and the high is above the Prior high, just simply Profile language, that's higher And higher lows out here So bullish all the way around At this stage of the game At the center line, you've got both buyers And sellers that are camping out there At the bottom line Meaning the bottom of the box of 262 Just seller, just buyers out there So that's why we kind of call that Bullish Instructure and strong support Not that it can't be punched through But what you know is you know what you're up against You're up against some muscles In that 262 to 265 Level out here So it's held Is price going to make a run for 272 267 Perhaps it is trading below Stevie's green line out here That number by the way is 269 60 Is what it looks like to me But it's just inside A consolidation Any bullish structured consolidation So you may not get a ton Of movement out here For you in that trade But this is what CBC Is at this stage of the game For Adobe, I don't see any other Real, that's the daily If I look at the weekly out here, Mike It's bullish, it's above the top of the box If I look at the monthly, it's bullish It's above the top of the box Each of these suggests That price wants to go test the high from September There was 19 million shares When the high was formed last week 20 million shares So it's moving higher with lighter volume You're still inside that swing point That weekly swing point Which is what we were looking at So there's no reason for the high To not be tested 277.61 Of course, 272.67 Has got to be busted throughout there So Mike and Sarah, good to hear from you I hope that helps you out And best of luck with your trade Quiet in the Walking department, how about inside the den Can I wake anybody up out there Anybody want to look at anything Let's go look at gold, what's gold doing Out here, what is gold doing Out here, I'll share with you what gold is Doing and what gold needs to do And what gold needs to do, much like We took a look at for other equities We take a look at the support of resistance That being Stevie's green Or red line, right now it's red When we take a look at the daily contract For gold, and it's at 1301 We're trading at 1301.70 1301.80 At the moment But price has found this level To be resistance, I'm not going to complain About a dollar on a $1300 Stock out here Price also tested perhaps Atop of a daily profile out here So what we've seen Is nothing more than this continued Consolidation sideways That's been in place inside the gold contract Ever since about March 9th out here Now there's been some decent swings from high to low But still just consolidating Down at the lows, kind of coiling Coiling to go in which direction I'm not completely Certain about that On the daily time frame chart Here's the bummer Bummer from, and I'm bullish By the way, I've got a bullish Position inside gold, but It's not exactly like I'm really enthused About what I see at 134 In the afternoon And what is it that I see at 134 In the afternoon? Well, when Stevie's green line Turns red as it did on March 29th Or it can go from red to green In this case we're looking green to red What you're always anticipating You know that at some point in time That you're going to see price and Stevie's line catch up with each other Well, that happens to be today And so today it's mucho importante For price to close above Stevie's Green or now The red line out there What happens if it doesn't Remember we looked at the Dow It's got a rising price oscillator above zero Well, gold would then have A falling price oscillator below zero It has been falling below zero For about four or five sessions But we didn't know And until we see today's test We don't know at 135 in the afternoon But right now gold is up into resistance That's why it is pulled back It's strong resistance level Between this 1301 and 1306 Level for the all Intense purposes out here But let's also come back and say Hey, until you see a close below Support it's a It's a coin toss Which would be a close below We'll call it 1292 That's what Stevie sees when He takes a look at gold If I take a look at how gold is trading In the other currencies out here Let's do that together obviously Let's take a look at gold What are we going to see We're not going to see Tremendous amount of enthusiasm For gold and Euro's yen Or pound sterling It's higher high than Friday That's a short term positive out here But no breakouts, no anything Significant there So it's going to be about In here you can see another profile This is Stevie's synthetic contract Priced in dollars One chart it says 1306 Another chart it says 1302 They're both valid out here Both of them have been tested At this stage of the game and both Have failed as of 137 In the afternoon Out here So that takes care of Goldilocks What do we want to take a look at next You've got light sweet crude up a buck That's always worth looking at Brent was in light sweet crude Probably still is out here Target for light sweet crude Is the top of it So weekly and The weekly box out here is 6540 Now on this chart That we're taking a look at You have both the daily The weekly, not both, no I got to I say How do you say when you got three things up there It can't be both Ooh, ooh, ooh Grammar school, here's what we've got On this chart, that's the easiest way We've got daily, weekly and Some of the monthly profiles out here So Gold on his way to the top of that Weekly profile 6540 If it can take that level out And you got 6540, 6583 Because it's 6583 That happens to be the center Of the monthly profile out there So that should be some pretty stiff Resistance because by the way That monthly profile bearish in structure You don't see the bottom of the box How do you know it's bearish in structure, Steve Oh, you know, you're very Right out there. Let me put the bottom Of the box out here just to confirm that Well, thank you for asking Actually, it's a It is a equally distributed box Equally distributed 6540 6583 is The next move for Gold Above that, the top of the monthly 6982 Steve Rhodes with TF&M will be right back If you're in the CD market and looking for a secure investment The Tiger First mortgage program may work for you The security for these first mortgages Are building lots in the tax opportunity zone In St. Petersburg, Florida The Tax Act of 2018 set up tax free Zones across the country where you can build And hold for 10 years and pay no tax on the profits Which makes these lots valuable The investment is anywhere from 30,000 to 75,000, the interest paid is 7% yearly paid on a monthly basis According to bankrate.com The best rate for a four-year CD in the country As of February 20 is 3.1% A $50,000 investment At a normal four-year CD rate of 3.1% Would give you income of $1550 per year or $6,200 Over the four-year period That same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 Per year or $14,000 over the four years What should you prefer? $6,200 or $14,000 of interest on your investment If you would like more information About the Tiger First mortgage program You can call me at 877-518-9190 That's 877-518-9190 If you haven't checked out the Newsletters page of TFNN.com What are you waiting for? All of the TFNN Newsletters are informative Up-to-date, affordable And must have for every trader Looking to gain a competitive informational edge In today's markets TFNN Newsletters cover Every aspect of the markets To offer you the very latest in market news Plus, new subscribers Get to test drive our Newsletters Risk-free for 30 days From all aspects of the markets Including stocks, bonds, metals Commodities and tech There's a newsletter to fit your needs Exclusively from TFNN Stay informed Each day you trade and get the competitive edge That will help you stay ahead of the game Visit our Newsletters page By going to TFNN.com And click the Newsletters button Near the top of the page TFNN.com Educating investors Biotech is booming But for how long? 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So what we know, we know price has been rising to a less relative energy. Those are always patterns to be paying attention to because they are the ones that can identify, give you early warning signals of a potential top. Of course you and I know you can't confirm a top until you actually break through support. So we know that's in play. We know price came down, tested support on a daily time frame being it's a Stevie's green line out there. Now let's go look at the 30 minute chart because we've seen a counter trend rally. And then when I say counter trend, I'm just referring to the early morning trend, which is the downside. And now we've seen a rally off of that support level. So it was identified. Now the question is, are we going to see resistance get taken out? What do you mean jelly bean? What I mean by that out here is if we take a look at, well, that's the ES mini that that'll confuse you. If we go to the ES mini now, instead, we're going to stay with the NQ and we're going to go look at the 30 minute timeframe chart. And where this counter trend rally has taken us to is resistance. Now resistance established by that little Tommy DeMarc set up nine count one on a 30 minute basis when it formed its high out here at 20 hundred hours back on April the 7th, was April the 7th. Yesterday, last night, when it did that, it did it with a nice little setup, a nine count setup that it on count number eight. But if we take a look at the downside move, you see the solid green line out here. That's the high from 2100 hours out there. And that's a key level to watch 7609, 75 prices run into resistance. If this is more than just a counter trend rally price going to close above that level out there. Let's go to Kansas City and speak with Robert. Robert, thanks for calling. Thanks for holding. How are you? Yes, thanks for taking my call. My pleasure. I was calling about GDX and I'm not an interday tater, trader or day trader. I'm kind of more a bigger picture. And I wondered if you could look at it on a weekly chart and give me your thoughts. I currently don't have a position in it, but I would just like to get your thoughts. I heard you talk about gold earlier and weren't kind of your neutral, not too excited and like to get your thoughts on GDX from a weekly time frame. Sure. So first one, let me clarify. I personally and subscribers, may subscribers, may be long a couple of mining equities out there. But I do not necessarily like what I've seen, at least as of 1 30 in the afternoon. You're an intermediate term time frame trader. So that's great. What would it take to get you in? So you're interested in the GDX is what it sounds like. So what is it from an intermediate term standpoint that would get you into it? Well, I like to buy bottoms and sell tops. So my question is, are we are we getting ready to change the trend or continue on up with GDX? If I look at a weekly time frame and I kind of look at prior years, it seems to start dropping off in the April, May and June time frame GDX does seems to begin to have a change in trend. And I wanted to get your thoughts. Okay. So here's one of the things I want to do first with regard to my thoughts. I'm going to put the weekly chart for GDX up on the screen and we'll come back to what it's doing today or what it is doing. But because you like to buy bottoms, I'm going to say there's a couple of patterns that if you just, I'm going to give you the easiest pattern, which is the nine count pattern. And the reason that we're taking a look at this because you wanted to look at a weekly chart. So I just pulled my weekly chart over and this bottomed with that pattern. And this is a pattern where you see, you take you compare in this case here, this is a nine count to the downside, Robert. And what you're looking at is you're looking at the current bars closed versus the close of the bar four bars earlier. If the current closes below the bar four bars earlier would get your count number one and each successive and you have to have nine of these in a row in order to create that pattern. When you get that, you either see a, you can see a change in trend occur either on bars eight, nine or the bar after bar nine. And that is exactly how the GDX bottom the week of September 14, 2018. So if you like to buy bottoms, that would be one pattern to be focused on and pay attention to out there. So that that ship is sailed. And now the question is, Hey, what's it doing? And it's got some resistance levels. That same pattern on a weekly basis, by the way, that identified the bottom has also created this level of resistance because that first count, that first count that gave us bar number one was the week of July 13, 2018. That's a number for you to be looking at. That, by the way, that high, we try to get that for you. That price point is $22.93. So if we just use just this one system, a close above $22.93 would suggest we have a change in trend. Now, there could be another fake up. We saw close to the upside. To the upside, that is correct. So prices trading in the resistance on a weekly basis. Support is also held, which is Stevie's green line right now. We can see if you watch this on Tiger TV, the pullbacks that took place in GDX on March 8, the test of support. The pullback on March 22, the test of support. Last week, a test of support, meaning that green line is read also better known as the oscillator on change line out here. But that's not very sexy. I like Stevie's. I can't say Stevie's green line is really sexy out there either. But but it's resistance out here. This or that support. And now we've got resistance. So you're you're really, you would kind of mention I was kind of neutral. Well, GDX the chart itself right now on a weekly basis, which is your key time frame, it's neutral. There's no doubt about it. It's absolutely neutral. And so there's nothing for you to do here. But in buying bottoms or buying tops, that nine count is one letters a the seven count, which is part of the Chapman wave would be another tool. My roads momentum indicator system, which I show subscribers periodically exactly how to do that. That would be another one to look at. But the nine count on a weekly chart, if you're just following the GDX or a handful of stocks, you can do this on your own. You know, just if you've got, well, you just be able to do it on your own, where they do by hand or you do it, you know, somehow electronically on a chart out here. So that's where you're at on the GDX. Buying the bottom, you know, is really already taken place unless there's some type of significant pullback. For GDX on a weekly basis, that level right now would be 2057. If price pull, if it pulled back to 2057, that would be a potential buy area for you. I say potential because you and I don't know if price would break below that. But a pull back there, you would fire away if you were looking to get in. And yet other signals to suggest it was just nothing more than a normal retracement out there. So does that help you? We've got a minute about half a minute before we go to the hard breakout here. And I just want to make sure I answer your question as best as I can. Yes, that's great. I appreciate it. Okay, all right. So you got the nine count, you can see where that bottom took place. And then you understand right now we're between support and resistance. With anemic volume. Yeah, the weekly chart done on the daily chart, you had 12 million shares. It's nothing. Now what would be nice today is there's a new profile that formed last week. And if price could close about 2274, that would be short term bullish out there. So but you're more interested on the intermediate term timeframe. So that's what I've got. All righty. All right, thank you. You bet. Robert, thanks for calling in. Have a great day. And we'll be right back, folks. Looks like we're going to be doing the two minute wrap up when we get back. That was off 123. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical indicators enhanced the degree of accuracy and calling price turns, as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter, the opening call today by visiting TFNN.com. It's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002, when gold was trading at under $300 per ounce. Gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices, gold may be poised for its next big run. 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So Carlos writes in and is today shooting star formation cause for concern. So right now it's not a shooting star and Hector we really have to wait for the end of day session for the candle. Even if it were to turn into a shooting star you'd have a potential bearish candlestick but you also have a bullish candlestick. Remember gaps are your friends and inside of snap this is a gap to the upside volume behind it 32 million shares out here excuse me on Friday price went ahead and closed above another level of resistance. Top of the profile 142 so that looks pretty good now that's on this set of charts out here interestingly enough snap what it made its bottom this is really for Robert out here formed a TD set up nine count. That was back in December of this year and then you followed up with a nice bullish and golfing monthly session back there boy if anything and price was moving lower doing less relative energy out there if anything sets up a bottom snap did it there but snap also did it it did the the perfecta because it also was making that same roads momentum indicator signal the week of December 21st and that week of December 28th that gave you the bullish confirmation both the close of a bullish reversal signal a close above Stevie's red line out there that was not the nine count that was the roads momentum indicator but not to be out done by the weekly and the monthly the daily decided to get in on that action out there so it was the trifecta a box no this was not even a box trifecta this was a this was a pure trifecta out here as price was moving lower into December 22nd and then the 24th looks like 20 maybe my dates are a little off here at the bottom of my screen but nonetheless it formed a roads momentum indicator signal price moving higher doing less relative energy but that that alone until there's a bearish reversal signal is no problem for snap crackle and pop so that does it today for the show folks stay tuned your favorite polar bear David White he's up next Tom O'Brien from three to five I'll be back with you on terrific thirsty Tuesday have a great Monday though thanks for being here