 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Oh, toll free at 1-877-927-6648 or internationally at 727-445-1044. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the April 15th, the magical Monday edition of today's Trader's Edge show. I'm your host, Steve E. 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. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance that life is going to toss at us. 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 passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but more importantly, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, we get it. We've got you covered. Let those fingers do the walking. Send me a quick email, Steve, at tfnn.com inside the subject heading. Just put radio show question in. Of course, in our Tigers Den, any ping will do. So let's go ahead and get this show started on Magical Magnificent Monday. Of course, this is Tiger. Financial News Network, I'm Steve Rhodes. Welcome to the show. We got the markets trading in the red, all the indices down, spot VIX index up 60 pennies. The S&P is off about five. The Dow is down about 42. NASDAQ 100 off 16. Russell's down seven. Semi-conductors are off eight. Or is it Semi's off about 13 points? Eight-tenths of a percent. Trendies are down nine-tenths of a percent or 99 bucks. Rooney's out there. Gold's off three bucks. Silver's up one penny. Light Street crewed off 46 cents. We're going to lead the charge upside. Booking holding seven bucks. Anthem up eight. Electronics for imaging ink up eight. That's 28 percent. Mercado Libre up eight as well. Alliance data systems leading the charge dollar-wise to the downside. Nine percent or $17. You've got Amazon off eight. Netflix down seven. Goldman off six. So there's plenty to look at, of course. I want to look at what you want to look at. No questions yet. So let's take a tour of the indices. And get a feel for where we're at. And let's start with the S&P 500. So we're going to put up the daily chart here for the S&P 500. We will skip the futures contracts just for the moment. At 109 in the afternoon, here's what we know about the S&P 500. Price is sitting right on its stevy green line. It's oscillated on change line at the 2902 level. So so far a test of support. Just a few points below that are certainly a close below the open of Friday, which is 2900.86. It's only a few points from where we're at. That would become a bearish and gulping candle. If that were to occur at today's close. Again, the number for the S&P cash that you're watching today is 2900.86. A close at or below that will be a bearish and gulping candle session. And price would be below stevy's green line. What does that mean? That means potential topping. That would also mean price will be back to support. And so we would have to go find support to do that. What you and I would do is we would shift over and take a look at the equity futures contract, the EES mini. Let's go do that. Let's do that by taking a look at the four way for the EES mini. Now we say, huh, this is something to think about. So let's just say that the S&P cash generates that bearish and gulping candle today. The same setup is not in place for the EES mini because futures were trading overnight and so forth in order for the EES mini to generate the same type of candle. It would need to close below 2892 out there. So that would in essence would be its number. So in other words, you could have a confirmation in the cash industry, but not so in the EES mini. Again, we would look to the EES mini for support, but what you and I notice is that support happens to be old resistance. Now we were looking at a daily chart for the cash industry. We're also looking at a daily time frame chart for the EES mini. And support here is 2900 even Stephen. The actual low so far today has been 2900 and two ticks 2900.50 out there. So maybe the oscillator and change line, Stevie's green line fails, but at a minimum in order to really confirm the potential for some type of change in trend in the cash industry, you can use the number I gave you there and then what I would do is I would take a look and see if we've closed on the EES mini when the contract closes this afternoon below 2900 even Stephen. If we do, then you've got price pulling back to 2876. That would be a support line, meaning the center of its box out there. So it's a bullish structured box. So and you have a trend line, a little rising trend line for the EES mini. So that would really become support. When would a change of trend occur? Yes, when would a change of trend occur as you're looking at this chart? Because it's very clear and if something's very clear, then I want to be very clear in your mind with regard to the difference between a pullback and a retracement into support versus a change in trend. Now that road momentum indicator signal we took a look at inside the S&P 500 could be, if it were to come to fruition today, could be a topping signal. It's not until we see price breakthrough support levels that we can say there's a change in trend. The ultimate level of support inside the EES mini, we'll look at this versus the S&P, the S&P is 2860-13 as we speak today. That's the bottom of the profile. That is the level that price would need to close below in order for there to be a change in trend. What we can see right now is prices above the top of that daily box out there. The pullback today was nothing more than a test of support. So the market still, even though you've got red figures out here, it still remains bullish. Especially when we take a look at the S&P 500 via the EES mini. Here's what you and I also know. We know that the EES mini on a weekly basis is above the top of its weekly profile. It says it wants to get back to its all-time high. I say higher than that. I say the trend is to do that. That's running off the January 29th high, running off of the high here from September 17th. And that gives us a move into the 3,000 level. Now with price being above the top of the monthly profile, the month is not over. You're still trading above it. The resistance doesn't appear to be resistance. Not at least on April 15th. That number is $2892. And the quarter, of course, doesn't close until June 30th, but price is trading above that resistance level of $2885. So how do we summarize this? Well, let's summarize it like this. The S&P 500 cash is showing us the potential today, the potential not right now, not as 1 o'clock or 114, because price was just testing support. But should we get a sell-off into the end of the day, you know what the price to look at, and then you understand some of these other support levels that would have to be broken in order for a change in trend to occur versus this just being some type of retracement. And at this stage, for the S&P 500, it's not even some type of retracement. Now, let's not stop there. Let's go to a break. I'll take a few breaths of air. Not that I need them. When we come back, let's go take a look at the Dow, the other indices, unless I have requests in the tiger stand, or requests from you, by phone, or by email, snail mail. Nah, that's not snail mail. That's real mail. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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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 six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. tfnn.com, teaching investors. tfnn.com, educating investors. We took that first segment and kind of broke apart the S&P 500 by looking at the S&P cash indices as well as the equity futures contract. We're going to do the same thing for the DAW. We're going to start with the DAW the Dow priced in both dollars, US dollars, which you're familiar with, as well as the Dow priced in Euros. What we can clearly see here is really two consolidation patterns in play, but the consolidation pattern that's solid is the Dow priced in dollars. Now the reason why I say it's solid is because we have had multiple tests of the high, and the high that I use for the consolidation is not the all-time high, but the high from January in 2018 at the 26, 6, 16 level. We've really only got one test, and that's this month here for the Dow priced in Euros, but the Dow priced in Euros has made a new intraday, intramount, this is a monthly chart, we're looking at intramount high out there, that really bodes well for the Dow longer term because the Dow priced in Euros never, did I say never? I mean never tops before the Dow in dollars also tops. Now they could do them simultaneously, or the Dow priced in dollars may top just slightly earlier than the Dow priced in Euros, but this here, this pattern suggests higher price, but here's what we know right now with regard to the Dow priced in dollars. It has not taken out, it has not even tested, it's all-time high out there, so it always makes you and I say, hmm, something to think about. And the reason is, is that it's in a consolidation pattern, clear consolidation pattern, and what this means is until you bust out the highs, and quite frankly, it's really not busting out the highs, it's busting the diagonal line, little rising trend line from January first high to the actual high in October of 2018, that's really the level where price would need to break above in order for there to be a real breakout. So knowing that the Dow hasn't broken out and knowing that there's still the possibility, because when consolidations occur, price can move from the top all the way down to the bottom, which we've got marked as the 23,377 level. So we're going into taking a look at the Dow from that perspective. Now let's go back and take a look at the Dow cash indices out here, give me a moment while I change to a different set of worksheets out here, and we'll pull over the Dow. So like the S&P 500, what we can see here is that the Dow daily actually had a similar rose momentum indicator top signal out here on the trading session of April the 5th. The very next trading day, you get a gap to the downside, a gap to the downside that says open falling window on my chart is actually a bearish reversal candle at a pattern completion that rose momentum indicator signal out here. So we already have the topping signal, and until that high out here, the high from April 5th gets taken out to the upside, which by the way, that price point is 26,487, the Dow has already generated a topping signal. Now what we can all see though is prices trading back above Stevie's green line. It says we have a rising price oscillator above zero, it's a very bullish pattern. So now we have competing bullish and bearish patterns out here. If you got a move lower below Stevie's green line, let's just use what that level is, likely approximately 26,309,72, a close below that, you'd have another bearish reversal candle near resistance out here, and so that would say, okay, maybe topping signal, but the Dow's already given a topping signal. What hasn't it done? So that takes us back here to the daily and weekly and monthly and quarterly profile levels. If we take a look at the daily, in order for their Dow to break out to its next move higher, should it wish to do so, it will need to take out resistance. That's the top of that daily profile, 26,509 is the level. So in essence, where the S&P or the ES mini is trading above the top of all four time frames, daily, weekly, monthly, quarterly, the Dow equity futures contract is trading within the profile. Now that doesn't mean that it's bearish. In fact, it's bullish at this stage here. It will say bullish because this profile, current profiles, above the prior profile, so that's a trending based system. And in order for the Dow to give a change in trend signal, the number would be 26017. This would have to close below that. About another, let's see if I can do this, 360 points, 350 points lower than what we're trading right now. That's what it would take. And it would have to be a close below 26017 in order for there to be a change in trend in place. Now, the Dow is trading above the top of the weekly profile. It's trading above the top of the monthly profile. It's trading above the top of the quarterly profile. Much of those longer term time frames, which I would argue have more meaning than the daily because the shorter the timeframe, the more the noise, the more the noise, the more the noise. And who likes noise out there? You want to kind of eliminate the noise, understand what price is doing and larger time frame. So we've got, we have a look at the weekly, the monthly and the quarterly. And each of these are saying, hey, no big deal with regard to even the pullback at its lowest today. No big deal out here. The big deal would come with a close below 26017. Now it doesn't just end there. We can go take a look at the NQ and do the same thing. And to do the NQ, what you and I will do is we will take the NDX 100. So as we take a look at the NDX 100, we can see that right now it actually has a bearish reversal candle. It has a bearish engulfing candle. The reason that it does is because Friday's session was a very small body candle. Now price has been moving higher, doing with less relative energy. In essence, the NDX 100 is generated the bearish message and price is trading below Stevie's green line. So this is generated the bearish message it needs to tell us of a top. Oh, really? Well, I don't know. Let's go check out the Oh, really? If we take a look at what the NQ is doing on a daily timeframe, the NQ is trading right at the top of its box, $76.33, where it's $76.32. In order for a change in trend to occur here in the NQ, we would need to see a close below $74.63. That's quite a ways down from where we're trading right now. If price continues to trade above $76.33, that's the top of the profile out there. There ain't no way, there ain't no way that the move higher is over. Well, we're trading above the top of the weekly. We're trading below the top of the monthly. So that gives you a new price target. So assume the daily, if the daily closes above $76.33.75, that then opens us up to the monthly profile that has a price target of $76.65. Meanwhile, back at the quarterly timeframe chart, price is trading above the top of that level, $75.05. Is that important? Well, if we just simply open up the quarterly timeframes out here, and we look at past history when price is traded above the top of a quarterly profile, how important has that been to telling you about the larger move? At this stage here, we've got to go mucho grande, mucho grande importante. Yeah, it means a lot. Now again, from a quarterly perspective, we're not there till the end of June, so we can't really use April 15th, 2019 as a timeframe to make our decision about the quarterly, but so far, so good. So how do we wrap all this up here, folks? How do we? Until those lows of those market profiles on a daily basis are taken out, the trend of the upside remains intact. We'll be right back. 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 my 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 tfn.com and getting immediate access to workshops where I take you step-by-step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. 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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 Charts 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 the first question we've got comes from Ruby inside the Tiger's Den, who was long silver, and she's asking my take on today's price action. So Ruby, if we take a look at my Ninja Trader chart out here, where we can easily see the Tommy DeMarc setup trend line support and resistance level, the thing that you like about being long today is that price. If we were to have picked an area just using this chart, as Price was making that road momentum indicator topping signal here, if we were to choose a point, and you were to have gone short then, and we were to have chosen a point, I know I've said that three times, so I'll try to make a point, that what price, where we would have targeted price was that solid red line on my screen that is a Tommy DeMarc setup trend line that began with that nine count to the upside. The green ones are the resistance levels from nine counts to the downside, but you're interested in the, hey, in essence, what did price do today? Now I don't know whether you went long today or not, but what price did today, let's look at the good, the bad, and the ugly out here. The good is Price has held that level. By the way, that level, as we take a look at the May contract, let me get that price for you if I can, is 1481. So as long as Price is about 1481, that's good. The ugly would be a close below that, because then a key level of support will have failed for you. Now, we've got the good, we've got the ugly, did I say ugly? We'll call that ugly, if I said bad, I meant ugly. Right now what's bad is that Price remains below Stevie's red line, and it's red, which means there's a falling price loss that are below zero. And so the next level will be that you want to see Price close above, not tag and reject is 1502. Now that number will change by a penny or two along the way, but right now it's 15.027 out there. That's the key level where Price would at least need to close above in order for you to say, okay, you've got the first attest of support, now you've taken out a level of resistance, what's the next level of resistance out here? Well, let's go to these charts here, which give us the daily and the weekly set of TAS market profiles, let's expand that out. And as we take a look at this, one of the things we're gonna notice is that Silver also came back to its weekly point of control, 1476, did it hit it exactly? No, it did not, it got down to 1479, close enough for you, close enough for me. Now we know about a weekly profile is that weekly or intermediate term timeframe traders believe that this is where fair value is. Both buyers and sellers at the 1476 level. Because the bottom of that box is 1458 out here and we're using Stevie's synthetic contractor Ruby. So the pricing may be off just a tad, but I need you to look at this visually. If I try to put up the May contract, I'm not gonna have this same data and I wanna go with this data. So I don't even, if we're trading at $14.95 on this, where's the current May Silver contract? Is that trading at, where do I have that $14.95? Yeah, we're at the same price, so we're good there. So just disregard what I just said. No, don't disregard anything I said, well, you can. So here's the next levels. Let's say upside levels that you're looking for. You'd like to see price get back inside the daily box. That means it closed about $15.08. Ultimately, you'd like to see price close over. The top of the day box, that is $15.29. $15.13 is the top of the weekly profile. So I get being from what we looked at in the daily time frame. I get price coming to support. Let's say you bought support, don't let support fail out here. Now the ultimate support level here, now that we have this daily chart with multiple time frame profiles on it, whether that's a mouthful out there. $14.58 would be another level of support that you don't want to see it close below. So when we take a look at silver, that's what I see in silver. The shorter term time frame charts, I don't know if you're really trading this from a short term standpoint. If you are the 60 minute watch, do you want to see it close about $15.03? That's the top of its bear structured hourly time frame chart. The two hour time frame, you're already above the top of that box, $14.92. That took place as we were coming on the air. The four hour chart doesn't have resistance, so you get up to $15.24. You can see that box is bullish in structure out here, which means you really need to see price more towards the high of the day, which is $14.99 to really clear the center line of that box out there. So Ruby, I hope that helps you out with regard to what Stevie sees when we look at the charts for high, whole silver out there. All righty, let me see if we've got any other questions that have come in. We don't, very quiet out there in TFNN land. So let's help Steve out here, tell me what it is that you want to look at. So what should we go to next out here? Just kind of navigating. Let's just take a peek around at some of the other charts. Let's take a look at the New York Stock Exchange. See where it's advanced decline oscillator reading is. Why? Because when it's below zero, tells you buyers are in control. That's the center panel. When it's above zero, which it is, 1803 is the current reading, tells you buyers are in control. We look at the bottom of this panel. That's just looking at the spot volatility index, which is trading at 1256, in relationship to its 50-day exponential moving average. That's at 1490. So it is in bullish formation as we speak right now. So the message of the New York Stock Exchange, when we take a look at this chart, is bullish. Is there a confirming message here? Meaning if we go take a look at the New York Stock Exchange, let's do this. Let's pull this chart over here. What are its chart patterns? We take a look at its chart patterns. We know that the pullback earlier this morning was nothing more than a test of support of Stevie's green line, 1294529 to be specific. Do we see any topping signal from a daily timeframe? We take a look at the New York Stock Exchange. And the answer is no, we do not. Not a single solitary one. So we take a look at Stevie's charts. We take a look at the chart patterns that assist you and I with identifying tops and bottoms out there. And the New York Stock Exchange, as we speak, as 137 is in full-out bullish mode out there. OK, so we've taken care of that. Gold deluxe. So what about gold? Ruby asked about silver. Certainly somebody wants to know about gold. So what can we say about gold? Well, not much. Just kidding. Let's take a look at what is it that we need to see take place in gold out here? And the answer is I'll come over to this five-hour timeframe chart. The five-hour timeframe chart, I don't have a bottoming signal. I mean, I don't have an A to B equal CD to downside that I could draw in here. I don't have a nine-count setup. I don't have price moving lower, doing less relative energy. That's how we formed the most previous bottom here, letter G, way back here around April the 5th or 6th or 4th, sometime right around there. You did get a key reversal at support. So the only, not the only, but a positive thing that we can say is that support, here's my cross here, that support, in essence, was tested. The last time the price was down here, the bulls stepped up. They drove price from the 1285 level all the way up to the 1314 area out there. In order for gold to get its mojo back, it's got to get back above Stevie's red line. And that's at $1293.90. So it's had a decent, at least countertrend rally thus far. Steve Rhodes with TFNN will be right back. If you are 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. 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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? Whether you think the Biotech Bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times, bull and bear ETFs. Visit DirectionInvestments.com slash Biotech 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. For the latest market information. Folks, so what John writes, anyone's to take a look at TLRD, that's Tailored Brands Inc. And his question is, will this be moving up soon? So if we take a look at this, John, and we just start with the daily, the weekly, and the monthly time frames, here's what we're going to see. Price is below all of the bottom of those profiles. So in other words, price is below levels of support. The lowest level of support came from the daily time frame. That price point was $808. You can see how each of the countertrend rallies found resistance at the $808 price level. So that's going to be a real key level to be watching. If we pull over Stevie's other charts here that help us to identify bottoming type patterns, let me try to pull this up. It has potential if it could create a bullish reversal signal candle today. In order for that to occur, you would need to see price close over $7.66. You're at $750. Do those 16 pennies make a difference, all the difference in the world out there? Now, you'd like to see that happen, to give you a bottoming signal, because price is above Stevie's red line. Which is at $6.97, that becomes the next level of support. Remember, we couldn't find support out here in the charts, because price was below the bottom of their profiles. But on the daily time frame, we can see support being Stevie's green line. If we pull over for you the weekly time frame, do we have any bottoming signal out here? The answer is no, not a single thing. And in this case, price would need to close above $8.28, Stevie's red line. In a weekly basis, excuse me, in order to generate a bullish signal. So the weekly says, I want lower price. The daily says, I want lower price. I'm trying to form a bottom, but it hasn't given us the signal. The monthly time frame, this TLRD, its most recent monthly high was formed with one of those Tommy DeMarc set up trend count, number nine out there. Remember, Ruby and I, Ruby and I were taking a look at Silver, and we had identified a key level of support. But on a pullback, in this case here, we would have done the same, John, on a monthly basis, because it made that top with on bar number nine, could have been eight, nine, or the bar after nine. In this case here, it was nine. The ideal pullback, which it did move back to and test and reject, was back on January. It looks like January of 2019, but now price here in March, or in April, but in March of 2019, price got below that level. So that's the good, the bad, and the ugly. That just really, once you got below that, that's the ugly. That's why I had shared with you, everyone out there, and Ruby, that man, if it closes, if Silver closes below, that daily red, Tommy DeMarc set up trend line out there, that would really be ugly from a point of view. So I don't see a bottom, not just yet inside of TLRD, and I hope that that helps you out, and thanks for writing in. Thanks for being my wingman, the person writing in today. So no other request out there, and so I don't know what we're going to do, because I like to just have requests. I like this to be, of interest to you. So let's go look at Lightspeed Crude. Let me do this here. Give me a second off screen. Let me try that. Let's come over to our four timeframe profiles. Let's look at Lightspeed Crude, which is trading at $63.41 out here. And what am I going to do? What am I going to do? What do I need to do? Not much. Let's look at the daily chart out here. So here's what we know. And on this daily timeframe chart, we know that price got up to a resistance level, being the top of the weekly profile. That's the green horizontal line. That was priced at $65.40. It didn't get all the way up there. The actual high so far that we have seen was $64.79. Yeah, $64.79. Yeah, $64.79 versus $65.40. Not too bad. Now you've got a new profile that is formed, daily timeframe. On Friday's price action, price tested at the top of that profile. Again, the top of the profile, $64.79. The high $64.65 out there. Now we've got price pulling back. You can see that the bottom of these profiles have held their support. Again, the difference was there was a three-day time period back in February 7th, the 8th, and the 11th, where price was below the daily profile, but it was above the bottom of the weekly. So it was nice that you happen to have a secondary level of support that you go to to say, okay, maybe not so fast. You want to see a break of both. If you were to see LightSuiteCrewd close below $61.92, then you would have a change in trend signal. That change in trend signal right now would say, okay, the target would be $52.34. We're not there just yet. So in the case of LightSuiteCrewd, watch $61.92 if price were to pull back to that level out here. If I look at my other daily timeframe chart out here, what do we know? We know that LightSuiteCrewd thus far has topped with a Tommy DeMark set up nine count. So we know that, and not only did it do that on the trading session of, that day, by the way, was April 9th, but on Friday, what LightSuiteCrewd did was generated a bearish shooting star candle out here. So it's definitely given us the topping signal, so to speak. And the way that shooting stars work, my experience, the majority of the time is they either work and work right away, or they don't. It's not 100%. But what we are seeing take place right now is it is working. I mean, price is moving. We've got a little bit lower move today. So that's working out here. Disregard that little blue dash line out there. That's a resistance line. I don't use that as support when price is coming back. So this would suggest to Stevie that LightSuiteCrewd is getting ready to make its way down in the 61.92 to 62.24 level out there. And that's what Stevie sees when we take a look at LightSuiteCrewd. So what else? If we take a look at bonds, what are bonds doing out here? My TAS market profiles have disappeared. So we'll switch from that chart. We'll come over here. We'll take a look at a weekly and a daily chart. We'll take a look at Stevie's green line. You'll see green dashes. Those are representative of the weekly profile. Price is sitting right on top of that, right at that. That in essence says that Treasury bonds have pulled back to their weekly profile level, not profile, their weekly support level, Stevie's green line. Now, if price were to close below, we'll call 147 out there. Then what we would be looking at, and we're at 147. So let's call it below today's low. Let's make it a little bit easier. Today's low is 146.22. If price were to close below that, that would suggest that we're going to see a further pullback inside of T-bond futures out there. So right now we've got the Dow off 25, the S&P down 3, the Nasdaq off 14. We've kind of covered the markets, I think, in general out here. Take a look at LightSuiteCrewd, Gold, Silver, and we're about to go into our last break here before we do the two-minute wrap, so to speak. So there's really not much more to say. So hang tight, we'll try to close this thing out, and we'll be back in just a few minutes. 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 in 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 of 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. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. As of April 1st of this year, the gold report currently has eight active positions with an average unrealized profit of almost 8% for each open trade. New subscribers get a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your gold report subscription today, visit the front page of TFNN.com. 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It's 5.54 in the afternoon. We've got the dial off. About 24 points, no big deal. The S&P off 4 points, no big deal. NASDAQ off 14 points. We've got each of the cash indices depending on where they close, potentially giving us short-term topping signals. Now, at this stage, we have to call them short-term topping signals because there are key levels of support that would have to be broken in order to generate some type of change in trend to make this signal out there. So, look, I'm going to be filling in for Tom from the 3 to 4 o'clock hour. So, close to 4 o'clock, we'll be able to take a look at those cash indices and understand whether they've generated such a signal. We'll probably be able to then take a look at the shorter-term time frame charts, a 30-minute chart, for example, in the equity futures contracts to identify some key levels of support or resistance for overnight trading. And so, in essence, that's kind of how we'll wrap up the show. As we speak right now, everything still looks bullish, very bullish for the S&P 500 from the standpoint of its equity futures contract, the ESMini, prices trading above the top of the box and everything, so the top of all of its profile levels. So, the S&P 500 looks to be the most bullish of all of the equity futures contracts out there inside the and here's the NQ. The NQ looks relatively similar, but it's got a resistance level up at the 77-78 area that it will need to break through. Really, quite frankly, in order to be able to take price to all-time highs inside the Qs. Now, with regard to the Qs, if we take a look at the equal-weighted ETF out here, that ticker symbol, by the way, is QQEW. That made its way above its all-time highs quite a while ago. So, and it's typically a leading indicator, so the message of the equal-weight for the NDX100 is very, very bullish. So, thanks for being here, folks. I'll see you at about 3 o'clock or back here tomorrow at 1. Take care.