 The following is a presentation of TFNN The Traders Edge with Steve Rhodes for free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good afternoon folks welcome to the March 29th a terrific Tuesday edition of today's Traders Ed Show I'm your host TV perseverance Rhodes who absolutely knows the Egyptian always be pioneers of our future Versus prisoners of our past. Hope everyone out there is having a great day Hey, let's make sure we have an extraordinary one of the easiest way to do that It's 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 Which we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I just past One o'clock in the afternoon. I want you to know I am absolutely grateful for your presence here But even more important than that and that's this during this next 60 minutes. I'm here to serve you So feel free to give us called 877-927-6648 and if you can't call in we've got you covered there too Go ahead and send me an email send it up early send it to Steve at tfnn.com Inside the subject heading, please put radio show question Of course in our Tigers then well any in every ping will do so let's go ahead and get this show started on Terrific Tuesday, of course. This is Tiger financial news network. I'm Steve Rhodes. Welcome to the show right now We've got all the US indices trading to the upside that I was up 92 points the S&P 20 NASDAQ 101 14 Russell 33 Some eyes 20 training is 95. You've got gold down 26 bucks trade in 1918 Silver's up 44 cents 24 75 is its print lights. We crude is down about 3 bucks 103 is where it's printing natural gases down 12 pennies 541 Is the current price and a 30 year treasury trade out 149 0 5 that is 1 and 17 30 seconds To the upside lead the charge dollar wise it is booking holdings 99 bucks e-pam systems 38 auto zone 37 Google is up 28 equinex 21 to the downside John Deere is up 22 bucks Lockheed Martin 12 Paloal Networks off 12 Game stock 12 Amazon down 8 buck Rooney's Aberdeen standard is off about 17% nearly 9 bucks to the downside So let's go ahead and begin with the play-by-play here will change screens here momentarily We'll just simply go take a look at the 30-minute time frame charts here so they can find them Should be the screen right here, so you should be looking at the 30-minute time frame charts I think that's what you've got up there and here What we'll see is what we'll see to to easily detectable topping patterns one inside the NQ That's a rosement and indicator top that was completed or formed At 12 30 that's when we had that little bearish and gulping can at all price right now It's just trading with inside its profile the key level of sport on a closing basis is the bottom that profile That's at 15 095 60. That's lovely. You want to have on your pad of paper see where prices trade at 130 See where it's trading that to a price is below that that could be signaling to move back to its breakout level 14 781 75 Let me take a look at the Russell 2000 it has a TD 9 count TD Russell 2000 percentage wise is the leader out there But that doesn't matter. We want to understand Hey, what's going on from an intraday standpoint and you've got that TD 9 count top takes place at 12 noon price pulling back and testing the Buller structured profile of that 30-minute chart if we do see two consecutive closes below 2108 40 that'll be a signal that price is getting ready to pull back to its breakout level and that's at the 2082 level now we can probably find that we probably I know that we can find a to B equal CD Patterns and therefore sell the D points with regard to the ES mini and the Dow It's just that the topping signals are so clear in the NQ and the Russell 2000 That's the easiest place to go ahead and watch now in the for the other two out here We can see that the ES mini is a testing its bullish structured 30-minute profile It's actually trading below it right now that level to be watching is at the 45 93 level So two consecutive close below 45 93 could open up the kimono and that kimono could take us down to the price point of 450 450 and the Dow the Dow's price target area price is trading below the bottom of its profile the Target to the downside is 34 865 so in summary the real key levels to be watching out here for the ES mini are going to be that 45 93 level to close the below that then we'd be keeping an eye on 45 04 in the end Q It's 15 095 two consecutive close below that We be eyeing 14 781 the Dow equity future contract to close below 34 983 We're eyeing through 34 865 in the Russell 2000 It's basically I believe it's 21 08 to close below 21 08 40 two consecutive times in a row would suggest 20 80 270 so that's what's going on the short term time frame chart and the reason to be paying attention to those is because of the Messages coming from the daily time frame chart So now we'll go back to the larger format out here and when you take a look at the daily the upper left-hand side the ES mini you're going to see that we are in bar number the bar following bar number nine I know people want me to call bar number ten But then that would only change that would screw up the whole TD 9 count system. So that's not the deal That's not the pattern the pattern is that highs conform bars are need to form a bars 8 9 the bar following 9 So if there's going to be a top this should be it today should be it We may have already seen the high and what we should see then is a retracement might be just a couple of day Retracement that would not be unusual. We can see in the ES mini It's also there in change line has changed from red to green what that suggests is when we get to a top And certainly today is that is that the signal we then should see price that line catch up to each other No, we don't know if price is going to move sideways and line moves higher or the price moves lower Well, I mean any combination of Possibilities out here, but the key is in the ES mini a test the rejection of that green line That would be the bullish signal what happens if price closed below the green line just tells you about a further retracement But the bullish signal and it's really only right now coming from the well I take it back the Russell 2000 you can see and the depending on where price changes to our trade today right now It's trying to change its color for its oscillator and change line So both of those is what we would be looking for to pull back and test those levels if the test again Is a test and rejection that then it would be the next buy point or entry point for a long position inside the indices out There if we take a look at the Dow here the Dow doesn't ever topping pattern fact yesterday it negated its TD 9 count top Although it doesn't have a topping pattern price has gotten back to resistance breakdown resistance So that can be a topping signal now price were to close above 35 to 44 No topping signal at all possibly for the Dow So the Dow could pull back should pull back to test that 34 to 15 level and the Russell 2000 It's tinkering with its Consolidation level maybe it breaks out above this Maybe it just pulls back inside gets back below 2097 or so and that just simply sets up a simple move down to test It's oscillator and change line in about the 20 47 level as we speak right now So that's what's going on as we take a look at the equity markets out here And really now we just need to wait for the markets to communicate to us what their intentions are But as we took a look at on those short-term time frames Let's watch those support areas because that will assist us in understanding what the likely outcome is for the rest of the afternoon So we've got five or six questions that have already come in and we're gonna go straight to those now We just have just a few moments here. We'll probably go back to this But give me a moment here. Well, it really takes me a little bit of time just to change these screens So let's do this here I'm gonna get to the black background screens and then I'm gonna go ahead and switch over and I'm gonna pull over a Chart as soon as I can get to that area on my screen and we're gonna go take a look at Altria group And that is ticker symbol MO So you may want to fire up MO on your system. You tell me what the signals are here. The question is Steve Is MO Altria group going back to 53 dollars, that's the question of course We're trading at 5121 right now the question is will this move higher to 53 bucks? Steve Rhodes with TFN and we'll answer that as soon as we get back to this break 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 it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast Amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The TAS profile scanner is the premier market profile base scanner Powered by its acclaimed TAS proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the TAS profile scanner which you can find under the services tab at TFNN.com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority 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 eight different shows with expert hosts to help you make the Right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor You were born to be TFNN educating investors Toll free at 1-877-927-6648 Internationally at 727-873-7618 Come back up folks. Hey if you if you go to the homepage of TFNN.com You're going to see down towards the center under featured contact to the left featured content to left You can see Tiger's Den trading room folks They've got to just released a new opportunity new offer you can join this for one buck one dollar Mortimer for a year No strings attached out there. So I really highly recommend it You've got an extraordinary group of human beings that are inside the Tigers Den all willing to share with you what they're thinking their trades And you know, it's all about community. It's all about being associated with the folks that You know that are going to help you out. So why don't you take an opportunity do it right now? Go sign up for the Tigers Den. You'll be in there again with a great group of people cost you a buck a year out there So back to Altria group MO is a ticker symbol out here And we've got the three different time frames You can see their different profiles daily weekly and monthly price back inside the daily profiles back inside the weekly profile Phone resistance at the top of the monthly profile. So the question was we'll get back to 53 You saw me put that white background chart on our screen out here And when the white background chart was on the screen what you probably saw was that confirmed Roadsman Dementorator top and that formed out here that completed. I should say on March the 23rd That was the bearish reversal candle. There was a bearish engulfing candle now price got below It's not a certain change line back inside that profile odds favor that what price should do now It's sitting at a level of support the level of support is at the in this case here is the center of its profile The center of the profile is where both buyers and sellers believe there's fair value So what's really going to be helpful to us is can price does price close below 51 29 a price close below 51 29 Then we should see price get back to the 50 45 50 54 level a price for the close below 50 45 And the answer to your question would be no we don't see 53 But if support holds and support is either 50 45 50 54 or 51 29 Which is basically what it's tested today Then you could see price moving back there on a weekly basis. Do we have any kind of a topping signal? Well, turns out you do have wave number seven. That's letter g And so with price below its oscillator and change on that could be sitting to move to 50 70 or 49 66 But it's early in the week so it's kind of hard to make that call and on a monthly basis don't have anything other than consolidation with inside its Profile so you're just simply going to want to watch the 51 29 level that will certainly reveal the answer to you By the way, at a short-term time frame chart, I don't see a bottom signal out here per say that would suggest that we're about ready to Move higher so it looks like we're ready to move lower versus higher at this stage of the game But price sitting here at that important 51 29 level So I hope that helps you out with regard to an inch in your question Can is price going to move higher out there right now? You're waiting for the market to really communicate to you those key levels to be watching and that will then help answer That question at least with regard to what's going on in the short term Peter writes in and Peter says Steve Can you open up the ES daily to check if there's any teeny nine resistance above 45 14? So I can Let me go back to that other set of charts here, and I'll just pull the ES Any over although Yeah, it's actually the answer to your question is no Pretty sure it's no Let me just make sure let me maybe double check that it's no So here we're gonna go ahead and put the daily time frame for the ES mini up here Was there a teeny nine count to the downside? Yeah, so it's already taken out the only resistance the only teeny nine count resistance Which is what you're asking about Which is at 45 14 and that was taken out basically on Friday of last week for us. This is Tuesday Monday Yeah, it was taken on Friday really Thursday. There was a slight close above that level. So it's 45 14 You've got that on there. There's nothing above that Plus Nothing on the weekly and General ES analysis. Well, I think we've kind of done the general ES analysis for you Peter If there's some other specific question or something I didn't answer for you, please go ahead and write back but no other resistance on the Daily the weekly the monthly from a teeny nine count standpoint out there So I do hope that that helps you out next question coming in from a John. Oh, this is John Oh and Wisconsin and John says hey Steve. Hey John You hold a position in M at you So let me do this here when they get over to a different set of charts so that we can pull that over into the Into the screen that we're licking at and we're also going to go ahead and type in M at you That is micron the question is you have a position of micron around 75 earnings are tonight I nearly broke 100 bucks per share in January You intend to sell half your position prior to the close Would you please look at your chart so I can evaluate whether it heads towards 85 or back to 75 after the bell Perfect, so let's see if there's any kind of Consensus out here consensus daily weekly monthly on a daily time frame chart What you have is the potential of this setting up an a to b equal CDT upside Potential because the swing point is March the 18th 28 million shares. It's 1 23 in the afternoon. You're already at 21 million shares It's got the volume Can it hold price can it close above 81 20 or at 80 58 right now? So John know the first question the first the first piece of the puzzle that needs to be answered is where does this close? If it close above 80 120 it's signaling an a to b equal CDT upside that signal would then give you a price projection the one to one That's only if we get a close above that level that one to one would take us up into the 87 94 now interestingly enough at 87 94 That would run right into descending trend line resistance So if you're asking me is there some kind of signal right now the daily chart is saying that that's what its intentions are Whether it will come to fruition or not That's another story the weekly chart says, you know nice move stevo, but I'm not sure what you're talking about I've been below the bottom of that daily profile for about a month out here That is by the ways at 82 32 and not until price close above that can we suggest that price is going to move higher if anything This has just been the counter trend move so far and the monthly chart says hey This is a snooze fest. This is pretty simple you guys and gals All I'm doing is consolidating and that consolidation in between 70 70 by the way hint hint That is the buy area and resistance, which is 96 96 that would be the cell zone We'll pull over the other charts of the white background charts for my grunt See if there's any other signal out here to help John Owen, Wisconsin the answer is well in a daily time frame He had the TD 9 count bottom You've got no kind of a top above the top of that daily profile is a bullish outcome Suggest run in 92 19 the weekly time frame chart again We talked about how prices below the bottom of its profile, but really now as we take a look at it It's really all priced it was get back in essence to where it was consolidating from out here Or at least on a weekly basis the consolidation point But what price needs to do is not until it gets above 83 89 out there John can we say on a weekly base that this wants to add higher so the weeklies kind of so-so the monthly chart out there Nothing more than a consolidation so really and on a short-term time frame. Is there any other signal out here 30-minute chart? No Not really So back to the daily I'd say that MU micron looks like what it wants to do after earnings is head to the upside And that's just based upon today's volume Trade above the top of that profile not having a daily topping signal out there And again, I think the confirmation would be if this thing can close above that b-point high Which was $81 and 20 cents you traded 80 59 so John Thanks so much for writing in good to hear from you and have a terrific day Tim emmerits in Tim wants to take a look at Vertex pharmaceuticals VR TX as a ticker symbol So let's get that fired up out here and see what Vertex is signaling to you and I price Trade above the top of the daily above the top of the weekly and above the top of the monthly Profiles out there. What does that say? That says hey, I want to go back to those highs those highs I'm referring to our July of 2020 the next resistance level For this I'm not sure what it is. We're gonna go try to figure that out during the break We come back. We'll report to you what Vertex Pharmaceuticals wants to do of course We'll go ahead and read Tim's question as well Great having fun trading the markets But having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets And join the Tiger's Den trading room only at tfnn.com The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our Tfnn hosts live during their shows interact with other Tigers and Tiger's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tiger's Den risk-free with our 30-day money-back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more check out tfnn and Tiger TV and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold medals futures currencies or options You'll get advice and analysis to help you seriously get ahead Tfnn also features trading services with a 30-day money-back guarantee for new subscribers as well as tfnn's Tiger Den trading room trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any traders methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartly's ABC's Butterflies and much more the art of timing the trade charts 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 gonna 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 So we're looking at Vertex pharmaceuticals folks at Tim M and wants Tim M rode in he wants to know He's got a long position. He wants to know where support and resistance levels are for the daily and weekly time frame So from a profile standpoint Tim old resistance, which would be the top of her profile Can become support. So this would be the first levels that you would be looking at In the case of the daily time frame the daily profile is slightly bullish and are bearish in structure So price closed above that we're now day number four above that level So your support area would really be between 246 89 That's a center So that says price would have to get back inside the profile But your real support level be between 246 89 and 250 42 from a profile standpoint turns out at 246 59 is the top of the weekly profile. So your real level of sport a key level of sport I'm gonna say is a 260 246 80 246 59 level out there as we look at the white background charts We'll see if there's anything else resistance wise As we take a look at the daily weekly and monthly first on a daily basis another level of sports where price hit today That's the momentum support and that was at the oscillator and change on a 250 288 There's a rosement and indicator signals been triggered. You don't have a various reversal candle You could have one by day's end and then if price were to close below the oscillator and change line Then that would say no move back in the 250 43 246 90 type level That's not what you have at this stage here So it does suggest that price wants to continue to move higher No other resistance that I have on a daily time frame if I pull this back No, nothing that I've got here at least for the data that I have the weekly time frame The only resistance level would be up at 304 basically near its all-time high Price is also moving higher do it less relative energy now in this case here There's a cool message here for you about vertex pharmaceuticals It had a TD 9 count top the week of February 4th and that high is 254 93 that is your resistance level 254 93 here 254 17 a close above 254 93 is going to suggest a move to 304 price above the daily profile above its green oscillator and change on so really right now Its signal is neutral for the weekly time frame Neutral to looking pretty good the weekly chart says hey I Formed a TD 9 count top a TD 9 count bottom I've been a bullish structured monthly profile. I'm above the top of that profile I'm above the breakdown level to 2278 and I'm above the green oscillator and change line This is suggesting a run back for its highs over time So we take a look at vertex pharmaceuticals Tim. This looks like a pretty darn good trade I can't find a reason to suggest that you would exit this And it looks like it wants to continue to move higher So thanks much right in and I do hope that that helps you out We'll look forward to speaking to you again soon next question coming in from Nicholas Nicholas wants to take a look at He wants to take a look at Nuclear weapons the UV XY hey Steve great call the SMH is thank you there Would you please go over UV XY is it near a TD 9 bottom? You're looking for an entry point So let's answer that question first. Let's just simply pull over the UV XY chart out here Excuse me and the answer is nah, no Not a TD 9 anywhere near in fact if anything the TD 9s were surpassed a while back but the Interesting message here really Nicholas that you want to focus on If anything is the fact that it's also our change line recently changed colors as well So it tells us over time. We should see price in that catch up to each other You're looking for an entry point. I know you sent me an email yesterday I didn't get to that And about the UV XY and so I can tell you just have a hankering for trading UV XY and we've got another dinner that likes to trade that as well and The information or what I passed on to him many years ago was the best if you're going to trade UV XY Here's my recommendation my recommendation is you first go out and you get a subscription to the TAS market profiles The second thing is you better be in front of your computer. This is a truly. This is a intraday Trading vehicle out here. Yeah, sometimes you can catch it up at the high in the bottom out there But you might be able to do that using these intraday time frame charts I have the three-minute chart for UV XY up on my screen the best pattern that I have found to be able to Trade with this is short term with those profiles in the case of UV XY for an example We just simply come back here to yesterday around noon time Once price starts closing below the bottom of the profile that in essence says you'd want to be short UV XY So you'd find the opposite product of this obviously in here What you know is you would not jettison your position to you saw close above the top of a profile see how that worked here So your first opportunity to actually exit this UV XY trade would have taken place It looks like would have really taken place at about 12.06 this afternoon Out here as price got above that. So now you could take the opposite approach You VXY you go along unless you see a close below the bottom of profile Well, you saw close below the bottom of the profile out here at 1245 So it's these profiles. It's the short-term time frames. I've not found any other tool any another like I'm not saying There's not any other tool out there. I'm just saying I haven't found anything Better to help guide you and this is an altered short-term sometimes a three minute You might look at a two-minute or four-minute or something along those lines, but Nicholas That's the way really to do this I think though what you're writing to me about is more of a swing type trade out there and that just becomes Truly complicated. So This is the best advice that I can provide to you. It may not be the best advice It's just the best advice that I can provide to you So I do hope that that helps you out the last question that we've got at this moment that oh, I take it back There was a question inside the tiger's den. I almost forgot about that. It was BBY BBY, so we want to take a look at that. I should have had that fired up here my black background screens I don't why don't die good question. We're gonna get BBY fired up there Anyways, and this is best buy company now what I don't know was what the question was My apology about that. Let me just share with you what we're looking at for best buy right now Price is trying to get back inside its daily profile It would accomplish that task with a close above 99 27 if it does that it would suggest to move up to the 104 75 level But it might run into resistance at 102 32 104 75 was the center of its daily profile 102 32 is the top of its weekly profile. So your range of resistance on a move higher is 102 32 to 104 75 if you can get above 104 75 you're looking and move to 108 99 that would be the center of its monthly profile and if you get above 108 99 You'd be looking at 112 96. So that's what the profiles tell us Let's go take a look at the daily weekly and monthly all the daily and weekly charts for best buy out here See what they're signaling to you and I will first. We've got a nice roadsman to indicator bottom Price moves higher. I don't know why it stopped where it did But it did and it pulled back and made a retracement looks like maybe about a point six when a retracement On March 14th low could be could be the C point of an A to B equal seeding the upside Nothing else here for me to add on the daily time frame with regard to the weekly time frame out here. I Don't know why it bottomed where it did other than getting back to support having that bowl of shimmer candle In essence what I mean is I don't have a bottoming pattern Doesn't mean it hasn't bottomed right now You've just got that consolidation with inside the weekly time frame the only other chart time frame That I have for best buy is it's 30 minute chart and 30 minute chart formed a TD 9 count top It did it at 12 noon if price is able to close above that high that is 99 98 then what best buy is going to do It's going to go run to 100 point 91. That's its next TD 9 count break down resistance If it does not take out that high what price will do is go target the 98 56 level 98 56 is its green Oceler and change line change colors a couple of hours ago. You've got the valid top That's in place out here. So again a price is not close above 99 98 you should see a move to 98 56 and it closes above that high You're headed to 100 point nine one and that was ticker symbol BB. Why best buy? We'll be right back Are you in the market for buying or selling real estate in the Bay Area? Including the surrounding st. 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That's tfnn.com and hit watch Tiger TV Welcome back folks. Let's go out to John and Philly John. Thanks for calling and thanks so much for holding. How are you today? Steve well, I'm doing very well. Thanks for taking the call sir and about the oil futures contract Yes, the very specific question first to background. We had that sell-off kicking in about 940 this morning on news out of Russia and Am hit a low at 9850 that was so that's my position Not knowing what it would do next well It's rather that's rallied and made that low at the fib 786 very specific question for you, please Was there key support that showed up in your work that suggests to you? That's a bottom and if not I'm wondering that says hey price has to get above and exceed Some particular level to prove that as a bottom Okay, excellent question. So I can answer the question this way and the bottom signal John Would be coming to the support level I should say would really be coming from the weekly time frame So right now we've got the May contract for Lightspeed crude We pull this back just a tad and here's what you're going to see or here's what we should see The first thing is a spike lower this morning was nothing more than a test of that green oscillator and change on a weekly basis As long as price remains above that for that time frame this instrument remains bullish Now it could be neutral if there was an actual topping signal for the weekly time frame I don't have that so I go back to this remains bullish The second element that it was testing was basically I'm gonna give you two different figures if I went to my Synthetic version of the contract because of rolling over to different contracts the figure would have been 98 98 I don't have that privilege to do that on this weekly chart this white background chart looking at and that level is 103 34 let me make sure I want to give you the exact number here. I believe it's 103 34 so 103 34 To 98 98 if price remains above that level that was also another area of support that is held John any questions about the weekly chart before we go take a look at anything else so far so good Perfect. So what we don't really have here is some type of Easily definable bottom signal from the intraday charts. So for example, here's a 30-minute time frame chart I don't have anything that I visually see right now doesn't mean it hasn't bottom It just wasn't there on that what I do think that you want to be paying attention to is the fact that you're going to You are now in bar number eight of a TD 9 count This is going to complete at two o'clock You need to see a high above the current high of the day so far and that high is so far at 104 30 If there is a move above just ask me a spike above that between now So let's say between 145 that's good bar eight and then we get none intense So between 145 and 3 p.m. Out there You could be looking at a short-term topping signal which would be the TD 9 count pattern So I just keep an eye on that for you doesn't mean you jettison the position just means you could then all sudden start to see some Type of pullback or retracement Is there oh I know there is one other pattern that I did see out here John and you'll love this You'll actually smile actually you'll start smiling when you take a look at the chart And you look at the low and you take a look at the letter that is down at that low And on my chart work for the 60-minute time frame. That was another wave number seven pattern out there So kudos to you whatever it was that got you into that trade I know you like those wave sevens a courtesy of a Saratoga Bob and obviously basil champion And now what you have on a 60-minute time frame John is price taken on resistance Which is the top of its profile and that is at the 104 88 level so I want to I take that back It couldn't be that it had to be 104 0 8 104 0 8 or 104 16 John are there any other questions or anything else about these charts that you have a question about or anything that I Share with you or follow a question that is please are pertaining to the daily chart that you showed on Tiger TV Yeah, namely price is on that daily chart is underneath a Green-colored off later and change line It suggests that you could see further retracement so typically those further retracement John are back to support levels and that really takes us back to in essence one of the things that we were talking about earlier Which was on the weekly chart the daily chart it turns out that at 1 0 2 0 3 or thereabouts is where price bill where buyers believe It's fair of value with inside the range of 95 48 to 108 59 When price is above a green oscillator and change line the meaning there is that it's bullish when it's below a green Oscillator and change line says it's you can see a further retracement and you really want to identify where the support levels are And in essence, I think you and I have done that Steve thanks so much events and all my questions before the end of the show I'd appreciate just 15 seconds devoted to the question did go bottom today, but Steve Thanks very much. Have a nice day you bet that was John in Philly always good to speak to him so we'll throw those gold charts up on the screen out here and When gold was moving lower this morning. It was really doing two things So remember I we try to be consistent or I try to be consistent on the show When you look at a daily time frame chart, you want to be able to identify support levels Well in this case here, you can see the support level was 1895 60 now this is a June contract. You can still trade April right now We're rolling over into a June and that breakout level 1895 60 price got down to 1893 20 Now what I know that John did at that stage. He was aware of this and other patterns than a hammer candle I know that he fired away at the long side now We took a look at lights we crude it was a daily weekly in the 60-minute time frame charts So we're giving us the signals there and guess what gold on a 60-minute time frame gave that nice TD nine count bottom So now what's taking place is price has gotten up to the level where it should have gotten to and that's the resistance level And that resistance level is 1921 80 if price can clear 1921 80 There's one more resistance level John and that is at the 1929 80 level That is its TD nine count breakdown area if price able to clear that then it would signal that we should be back in the clear Now back in the clear just means that price is going to stay with inside its consolidation and its consolidation like Brent And I talked about yesterday is really between the breakout level now We were yesterday looking at the April contract here. We're looking to the June contract So in this case here, we're looking at the trading range being between 1895 60 That's very clear to each of us and that green us that are in change line, which is at around the 1960 level 1959 1960 So that's a trading range for Goldilocks out here Now the mining equities had held up really well. I thought this morning I haven't looked at them for a while, but I believe the GDX was trading yet The GDX is trading to the upside 21 pennies with gold to the downside at 23 bucks out there My point here is that typically even though we're not taking away the GDX right now We're just looking at the gold contract is that when the mining equities perform better than gold That is a bullish signal for that entire sector meaning gold and the mining equities out there So that's what I see at John. We take a look to answer your question did gold bottom this morning It was a viable bottom for sure. The price closed below 1895 60 though We've got trouble in River City, but that's not the message at 150 in the afternoon Steve Rhodes with TFNN Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority 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 eight different shows with expert hosts to help you make The right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor You were born to be TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's TFNN.com and hit watch Tiger TV Welcome back up folks Rose from New York City had called in she wasn't able to hang on Sorry that I couldn't get to your rose, but you want to look at Black Hills Corp And I don't know what the question was but it does look like it's running for the hills Those hills should take it back to the all-time higher what looks like might be the all-time eye from February of 2020 That's in the $87 area The reason I say that is because is because price is trading above all which profiles up there But let's go check make sure there's no other Signals that Rose has to worry about on the daily time frame the only topping signal I do have it is a topping signals wave number seven now that needs a lower high To form if you do get that rose what price should do is pull back and retest its asset or in change line 73.59 so that's got a potential for a top on the weekly time frame I don't have any kind of a topping signal suggested it wants to run higher on a monthly basis I don't have any kind of a topping signal Suggests wants to get back to that all-time high yearly you're trading above last year's high When you trade above last year's high even on a yearly basis this had a TD 9 count top back in 2020 Price pulled back to test support nessence, which was the bottom of its profile that held and when you trade above a prior You're high you are in a bullish formation out there So Black Hills does want to run to the hills the last question is going to be for Hector and Patty they want to take a look at Bank of America if we take a look at BAC It still has that TD 9 count top guys and it needs to take out that high that high is the high from March 22nd, and that's at 44 63 prices consolidated with inside its daily profile as long as price remains about 42 35 on a daily basis It's okay. It's just more neutral than anything else on the weekly time frame out here Roadsmen to middicator top support is held which was the bottom of the profile out there nothing more there on the monthly chart Not a lot to help us Hector and Patty So you got that TD 9 count on the daily time frame and that is your real thorn in your side out there So folks, thanks so much for all the requests today Hope I got to everything and stay tuned because there's two more wonderful hours David whites up next with the power trading out power trading hour Tell them what Brian he'll take us on home and hey, don't forget that opportunity to join the Tigers den for one Dollar Mortimer. I would do it. You've got only things to lose and so much to gain Take care folks. Have a terrific Tuesday