 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks welcome to the May 18th the terrific Thursday edition of today's Traders Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past. Hope everyone out there's having a great day Hey, let's make sure we have an extraordinary one of 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 can make that one little two-by-four shift It means 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 at Just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that and that's this during this next 53 minutes I'm here to serve you so feel free to pick up that phone and dial on in would love to hear from you 877-927-664 it's the number you call in on now if you have a question, but you can't call in you can always send me an email Send that off to Steve at tfn.com send it early, please and in the subject hitting police put radio show question Of course if you're inside our Tigers then well then any in every ping will do so let's go and get this show started on terrific Thursday Of course, this is Tiger Financial news network. I'm Steve Rhodes. Welcome to the show right now You got basically all the US indices trading to the upside flat Nasdaq. I'm sorry flat New York stock exchange It's off six points as S&P is up 25 or 6 tens percent 52 for the Dow 173 for the Nasdaq 100 five for the Russell 81 that's two and a half percent for the semis out there trend is up 135 points That's one percent move for them gold's off one and a half percent down 27 bucks Silver's off one and a half percent That's 37 cents lights recruiters off 81 penny 81 eight tenths percent That's 59 cents six and a half percent move for natural gas the upside 15 pennies train out at 251 And then 30 or Treasury down 27 ticks one 27 30 is the print there now leave the charge dollar wise the upside You've got synopsis up 30 bucks nearly 8% Netflix 28 bucks 8% lamb research 21 bucks 4% as mill holdings 3% 19 bucks into it three and a half percent three and three quarters percent That's a $16 move to the downside it is boot barn down nine and a half dollars. That's a 13% move You've got the sign a group down six bucks. That's a two and a half percent Monroe is off 12 percent That's a six dollar move Humana down five insulin corp down five bucks as well So we got plenty to look at but let's begin by taking a look at where are we at market breath wise? So here when we take a look at the market breath Here's for the S&P 500 and you can see we are bearish on the daily in the weekly bullish on the 60 and 240 Roger asked hey stevie if we are turning bullish on the 60 to 40 is that the indication that maybe we're gonna get a change in trend It could be I don't know is that the is it is at the time to come into a long position Well for that I think we'll find the answer to that is no out there, you know day trading different thing But here we do take a look at the S&P 500. It is not out of the woods It's nowhere near out of the woods It can get out of the woods and the easy way to get out of the woods to get more of those stocks trading above the top Of their profile than the bottom right now. It's 117 above 177 below that's for the daily time frame if we take a look at the weekly time frame We've got 98 above 180 below. So if you're wondering where all the Jocelyn is coming from It's really coming from the stocks with inside the S&P 500 That is why we've got this sort of choppy market if we take a look at the NDX 100 We've got a whole different animal out here that animal says I'm bullish for all of the time frames now With regard to the daily time frame, it's 39 above and 32 below So it's more than a smidgen, but it's not like it's you know out in front by you know Ten lengths or something like that, but it still is bullish in the Nasdaq 100 across the board out there So that's what we see we take a look at a market prep. Well, what does all that mean out here? Well, let's go take a look at where prices trading Let's not lose sight of that bigger picture, which is really right now just the daily time frame that we're looking at out here and so Roger with the ES mini approaching the top of its consolidation pattern approaching the top of its daily profile Which we know is where the sellers reside with the Russell 2000 the bottom right-hand chart Making its way into the center of its bullish structured profile that price closed below So you and I know that if a counter trend move is going to end it ends right here right here being 1789 and Knowing that the Nasdaq one or now this chart doesn't show it But you know it from listening to the shows that today is going to complete a TD 9 count top So knowing that we've got three of those for it resistance, and I know that you like looking at the a Dow And the Dow's got a totally different message, but knowing that three of those four are up at resistance levels out here I would never suggest that somebody enter a belong position for some point in time In the in the equity markets now We could get tomorrow could be a different answer And the reason why tomorrow could be a different answer is because the NQ will just switch over right now Yeah, let's Let me do this just trying to figure out the easiest way to do this it's to Yeah, I'm gonna screw this up here. I'm just gonna put the NQ right here So the in NQ so we'll get Since I can figure out how to type and what we'll see here I'm interested in really the daily in the weekly time frames that are gonna punch up on our screen I'm gonna change screen so you guys can see it. I'm gonna try to avoid that problem from yesterday Apparently I had some real brain farts going on and very sorry about that But now if we take a look at the NQ so the the issue in why things could change tomorrow Roger is Because you've got a TD 9 count top that's going to complete today for the daily time frame And if price close above today's high whatever that is tomorrow This pattern gets negated tells about a strong moment to move to the upside now That could just be telling us that it wants to complete that move to 14,003 the 1 to 1a to be equal CD But on the weekly time frame you can see we are also in the week the bar following bar number nine So next week is where we really find out because if there's a close above this week's high Next week inside the NQ that tells us about a strong gigantic upward momentum move that we have in place That says we had higher most likely for quite some time I know there's a lot of people out there that are not believers So I did share this one chart with folks inside the Tiger's Den because we kind of get attuned You know to a simple mantra out here and sometimes that mantra could be for example. Where is that chart? Gotta find it first Dollar higher markets lower. I beg to differ with you This is the chart right now the top portion of this chart as the NASDAQ is the NQ of the daily time frame right below that Is the US dollar index and below that is the five-day correlation about the shortest time frame correlation I can come up with when bars are above zero It tells us about a directional correlation when bars are below zero it tells us about an inverse You can see that prior to the yellow rectangle we were we were primarily in an inverse relationship, but things change And really since about the middle of March the majority of the NASDAQ move up there is with a US dollar moving higher When this decouples like this when this happens this tells us about global capital coming into the market We're not just there just yet We'll know when global capital is coming into the market because what's going to move higher all at the same time Is going to be the US dollar gold and the equity markets Don't Don't ignore this part here. We are beginning to see that change of global capital flowing into the us markets Steve Rhodes with tfnn Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence Forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk free today tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. I'm my apology. I forgot to change over screens This is the uh set of charts here that we were taking a look at the upper portion being the nasdaq the nq the daily time frame Center portion being the dollar the portion down below is the correlation looks at a five day average And again, we're seeing that correlation now change here And and we want to keep an eye on this because that'll answer a lot of our question with regard to what the markets are doing In what their intent is and because this is one that we would want to ride along when in fact it uh, it happened So we've got a number of questions that have come in so let's begin to get to those so we get through all of these We're going to change screens here And yesterday we went through or went through a dissertation so to speak on on semiconductor Turns out that the real request was for onon So steve kind of screwed that up yesterday. So we're going to do that. That's how we're going to kick it off And that's for tim so we take a look at the uh on holdings out here We can see that yesterday price had uh closed below its td9 count breakout level of 29 33 So that suggests that this moves lower now today is bar number six Looks like it's heading into this gap out here. So this gapped up a nice strong move It did volume on that trading day of march 21st with 27 million shares yesterday You pulled back with 13 million shares so far today. You're at 4.5 You know, so we're about a 13 million share day out here. So it's coming back into this gap It could be targeting 2080 But let's see what happens over the next several days out here They could get a td9 count bottom sometime at mid week next week and the reason why you could get that Don't know that we will is right now you've got the weekly sitting at support So it's a weekly bullish structured profile and the support level the bottom of profiles of 2788 We're trading at 2785 as we speak right now So it's possible that this acts as support but to the extent that you get closes below this tim that says lower price So it's going to be this 2788 ish area that you want to keep an eye on I don't really have on a 30 minute timeframe to take that back on a 30 minute time frame chart out here With price sitting at a support level. We do have a roadsman to indicator bottom So if this is support area is going to hold you would presume that price would close above 2816 That's a top of the 30 minute profile But watch today's low if you get a close below that that's going to add to the idea that we're headed lower Into next week and maybe you get that td9 count bottom pattern So my apology for just focusing on on semiconductor when you wanted on holdings a totally different instrument Let's go to the next request. That's from greg. This also came in yesterday kind of late And greg wanted to take a look at newmont mining newmont mining. Is it an a to b equal cd to the downside? You can see that let me give you the uh, let me just uh calculate on my other System here I'm not going to change screens because I tend to screw that up and I hate when that happens So the one to one area it's already hit that was at 43 97 42 28 is the one to 1.272 the point here Greg is that what you're looking for? I know you're looking for a bottom and you gave me a price area What have you? Instead what you want to wait for because of the a to b equal cd pattern Do you want to wait for a bullish reversal candle if you get that then you have a buy the d-point pattern? Now the swing point that is trading into has volume This is march 9th of 5.2 million shares so far today you've done 3.5 So this is moving lower with volume accelerating likely going to go target that the swing area means get at least in that 42 28 ish range on a weekly basis prices testing support It's versus testing a weekly swing point that did volume of 34 million shares back into march this week so far We are at 28 million shares. So On an average day This does maybe about You know eight nine million shares. So on the weekly or at 28. We're not through with the day Maybe I had 12 that gets us 28 38 40 Oh, wow, you're at this thing is pulling back in that swing point It looks like with volume that weekly swing point. Nonetheless, you do have support or potential support at 4305 And on the monthly time frame your potential support area is at the 4234 level so with regard to newmont mining It's pretty simple wait for a bullish reversal candle to confirm a buy the d-point pattern on the daily time frame And then you can consider taking a long position. So hope that helps you out, greg. Thanks so much for the request out there earlier I was in the den for a bit and flinch wanted to take a look at palantir pltr Is the ticker symbol? I figure if one person has a question somebody else has got it as well So let's take a look at this this I suggested that to flex that price is going to go target 1333 You can see that it's now taken out a swing point here of a large a to b equal cd to the upside It's taken that swing point that swing point by the way had volume of 88 million shares so far today. You've done 79 million shares and we're only two hours into the trading day So you've got a confirmed a to b equal cd to the upside out here But 1333 is the weekly td nine count breakdown target area out there So I presume that that is really where this thing is headed to so that's on palantir SNP had wanted to take a look at netflix inside the tiger's den So I think I've got that chart as well. Let's punch up netflix netflix also confirming an a to b equal cd to the upside It's a top with a td nine count back here on april the fourth that did it a td nine count breakdown resistance Had that nice move lower that swing point did volume of 3.2 million shares so far today inside of netflix 9.7 million shares now the a to b equal cd pattern takes us up towards the top of its weekly profile So that's really its target 379 43 out there If it can close them up 379 43 Well, then we just take that a to b equal cd and do the 1.272 expansion now What you sort of don't want to see netflix do believe or not Is a close it's tick above 3 14 30 during the month of may if that happens You're going to get a confirmed and completed td nine count top So You know that that's the good the bad and the ugly out there, but maybe that's really what's going to happen We're going to get this completed a to b equal cd to the upside And then that's going to be a top at least a short term top inside of netflix So that's what's going on there s n p and thanks so much for that request The next request coming in so we're going to go back to these charts here And i'll just start over which means i'm going to type in the assembles now So take just a moment svra as for our our expert inside the tiger's den Dan and so let's take look at svra. Let's get this populated And see what this is doing. He was referring back to us taking a look at it before and needing to Accomplish something it's got a nice a to b equal cd to the upside Out here and it is running into an area of resistance that i'll show you on my other charts out here dan But look you this this wants to continue to move higher Let me pull the charts back just a little bit get a little bit more information So this looks to me like this is going to go ahead for its swing point. It's already testing it So this is a daily swing point dan from back on february 16th the volume there was 301 Thousand shares today you've done 156. So price is moving into it with volume and as long as price closes Above 259 You're 253 right now. I know my see a 253 if it goes above 259 You would close inside that swing point with volume and then that would suggest a test of the high And again that high was out of the 285 mark as we take a look at the weekly time frame chart We pull this back just a tad Where we don't have any resistance out here price above its green Oceler and change line and the top of its profile Out there and on a monthly time frame. What can we see here not much? It's above resistance levels there too So everything looks good with regard to ticker symbol svra That is savara ink now you are in bar number three on a daily time frame of consecutive moves higher What we can see out here is typically cars three and four Are typically where the rally will stall we have seen a Oh, we've seen quite a move out here with regard to svra Um, but it looks very very good steve roge with tf and n we get back to this break We want to take like ycs dxj abgo and the dial equity future Great gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xau hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year There's no catch or any costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o'brien and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com 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 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. Let's take a look at uh request that came in really it's a two request for for pretty much the same thing Which is the japanese yin, so i'm going to switch screens here. Well, actually okay, this has come up. Let me see if uh Okay, during the break i had kind of screwed something up, but uh, all right, so we're we're we're pretty good here So, uh, let's start with so which one do i let me take a look at ycs first I think we've got the same kind of pattern. Do we? um Ah shoot i shouldn't have changed it over just yet Yeah, so during the break i was trying to be cute and found out i wasn't really that cute When i when i hit a button out here, all right, so let's first so where am i at i am on the white background charts So ycs so we take like a ycs What we have is an a to b equal cd to the upside out here and this is for being short the n You know i'd really prefer to take a look at the n and then you had dx j because i think we're going to get better Information if we take a look at the yen out here. Let me see if i can pull up those charts So give me a second If you would i guess you don't really have a choice Uh trading or did i put the yen charts? um Did i put here we go So let's actually take a look at the yen charts. It'll take a moment here for these to populate But this way we'll get the daily the weekly and that'll be better for you kota when you're trading either dx j or ycs Which are i guess you're short The japanese yen Anticipating that it's weakening which is so let's go take a look at the chart patterns that are out here I think this will assist you a little bit better So just taking a few moments here to populate but there we go So we take a look at the monthly chart and i'll just start from the left as these things populate So when we take a look at the u.s. Dollar japanese yen Um for being short so if this rises it gets weaker It is trade above. It's a monthly oscillator and change line. So that is a I'm gonna call it from these charts here That's a bullish signal meaning that the yen is going to continue to weaken against the us dollar When we look at the weekly time frame chart We also see a pattern where prices trade above not just last week's high which is bullish But also above its green oscillator and change line So that suggests that price could be targeting the 147 56 area If we take a look at the daily time frame the daily time frame says we don't have any kind of a top in place anytime soon Well, I take that back hold. Let me open this up. We do we are in wave number seven kota So that says you could get a Wave seven top and if we take a look at the last top that formed out here with regard on a daily time frame For the japanese yen it was wave number seven as well So we've got another one of those but as you know that doesn't complete until we get a lower high So be aware of that pattern Short of that price should continue to move higher and where it should target is its daily td nine count breakdown error And that's at 141 61 So if the wave seven top Comes to fruition, but doesn't take hold then that would be the area where price would head to 141 61 And as price gets up there, then you'd have to be Um, you know take look whatever pattern might be going on But that could be the end of the move 30 minute chart says you've got a td nine count top That's going to confirm at 12 noon and complete at 12 30 the 60 minute negated its td nine count top says you still have a strong weakening inside the end So i'll go with that one versus the 30 minute chart right now I know they're top signals so the end should continue to weaken that'll put strength inside the us dollar Index i hope that helps you out both with regard to ycs and dxj By simply taking a look at the underlying instrument and getting the better signals I do believe when we look at dxj if i looked at that code I think that had a td nine count top in it which was the whole reason for me to And dxj didn't and that was the whole reason to say hey, let's go look at the currency Let's not look at those etfs out there. So Hope that helps you out the next question is from mike. He wants to take a look at ab go avgo So give me a second here. Let's get to a different set of screens Okay, and here i'm just gonna have to start punching this in one at a time So sorry about the delay that we'll have here as this populates But let's uh, let's get this in here and I think one of the other things that we'll try to do I think we'll have time is we'll go take a look at the at least those top 10 Maybe top or top eight maybe top 16 Charts inside of the endx 100 and broadcom avgo Is one of those and having a heck of a nice day and it's trained above the top of its weekly profile It's taking that so it's going to go take on this swing high Here on a monthly base from back in december 2021 that high out there is 677 76 The volume there was 60 million shares on a monthly basis, you know, we're not we're not near the end of the month It's 24 million. So 24 is going against 60. It seems light in its loafers So the question will be, you know, can it overcome that swing high and again that swing high is going to be 677 76 and that's where it's headed to no topping signals or anything along those lines with regard to a broadcom um Whether it's a 30 minute chart that I look at no no anything Yeah, um, so it looks like avgo broadcom one of the top eight I believe from a weighting structure inside the endx 100. I think it might be the eighth weighting in there It looks looks bullish, but running into that resistance not that much fire higher up But but everything is really quite bullish out there. So mike. I hope that that helped you out Roger wanted to take a look at the dow equity future contract the short-term time frame So let's pull this up here. What I've got right now is the es mini um Yeah shoot Probably shouldn't have hit that button Oh, well things happening for us not to us Although in that instance it kind of happened to me. So, uh, uh, just as long as we're here on the es mini from a short-term standpoint You do have a td9 count top on the 10 minute That's about it folks. Everything here looks pretty good prices get towards the top of that consolidation No idea whether we'll break through that level 4206 being a real key level of resistance So let's see what we see when we take a look at the dow charts out here. So let's get those things to populate Um, but uh, y'all you're welcome. They're a coda Um, what if you have time? Okay, so let's take a look at this and now we take a look at the dow equity future contract So on the daily time frame now we're struggling here Which it really shouldn't be if we've got global capital moving in but it is struggling at that oscillator and change line That print is at 33 533 and make sure I've got proper movement here Um, yeah, I do 33 461 is where we're trading right now So are you done a five hour chart? You've got a road's momentum indicator bottom price finding resistance the top of this profile 33 564 td9 count on a 15 minute just ran up into resistance where it had a road's momentum So you just got a choppy consolidating short-term consolidating market out here Um, not really much else for me to provide to you out there What I would really be focused on is not the dow charts. You've heard this before Today, I'd be focused on the ed q charts No, just got a daily and a weekly Completed td9 count pattern that is going to complete today. Let's go to our next request out here the next request coming in from Nicholas coming in by email. So let's get back to those Three panel charts out here and Nicholas wants to take a look at the smh is So let me uh, not samh smh. There we go So let's actually get over and read Nicholas's question. The question goes like this Would you go over smh? Where's resistance now? Do you see a pullback? Thanks, never terrific thursday and mike your question was where is resistance levels on abgo? So i've given that to you mike from mike who was in ecuador, but now in pyermo, italy Oh Now that's pretty cool mike. Thanks, you know, my wife and I almost booked a trip there Next saturday not this coming saturday next saturday. We leave for a three week international vacation Italy is one of the places we're headed to see broads with tfnn. We'll be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento On stocks you need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 8664767523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Nicholas had written in he was asking where his resistance for the smh's out here And that's a pretty easy one on Nicholas the next level of resistance I'll give you two of them The next level is 1403 and 1403 is the top of the monthly profile And just above that at 145 18 is its td9 count breakdown level. So that's really the next area For the smh's prices taken out a weekly swing point. That's weekly swing point was march 31st And the volume there was 39 million shares and so far this week we are at 20.7 million shares So let me see how my other screens. What's the average daily? Uh smh So on an average daily basis, we typically see volume of around six seven million shares So on a weekly basic and the numbers were 39 and right now we are at 20 So it looks like this is going to be light volume But nonetheless you close above it you continue to move higher close above resistance And so that 1403 145 18 is a target. There's no daily signal No, no daily time frame signal of any kind of a top or anything along those lines out there So that's where price is likely headed to Nicholas. I hope that helps you out Thanks much for taking the time to write in SNP inside the Tigers. They wanted to take a look at the IWM So we've got those charts up here on our screen Right now the the issue really with regard to the IWM and you can't visually pick it up here So I'm just simply going to switch over here's the daily time frame just to show you the difference between trading the etf Or the underlying instruments in this case here the underlying instrument is the equity future contract So now we go take a look at that So this message here if I were just to look at the IWM Just look at the IWM SNP. What would we say we'd say shoot Yes, say you close above the top of its daily profile and you're above it today That says we are in a bullish mode that there's a breakout that's going on And that's how you would interpret that chart now. It'd be a correct and accurate interpretation However, Stevie says not so fast because we know better than that And so to know better than that to really look at the IWM We've got to go take a look at this chart here and this chart is the bottom one But we're going to just simply expand it out and the issue here Is that so far the rally inside the Russell 2000 has run into resistance right where you would expect it to If it is only a counter trend move And SNP that is the center of its bullish structured profile When you close below a bullish structured profile and you do it for two consecutive sessions Then where counter trend rallies will run in a reason this gives us an unfair advantage, doesn't it because We know how these markets react. We don't know whether they'll get through these resistance levels But it gives you an unfair competitive advantage out there and that's at the price point of 1789 If price is able to close above 1789 Then the underlying instrument the future contract will then say just like we had the es mini Remember the es mini will go take a look at that bullish structured profile Once you close above the center of that bullish structured profile for two consecutive sessions What is it communicating to us that price wants to get up to the top of the profile? Which is 1814 if it's going to do that it's likely going to get to the top of its consolidation So it's not the IWM charts that are important to SNP. I believe it's really this chart here That's important and the level for you to be watching whichever side of the trade you're on We're looking to get on watch 1789 We get two consecutive closes above that odds favor move to that 1814 maybe get up to the 1827 level and here's the es mini. Here's the upper. I'll just simply expand out this chart as well Here you can see that it's the blue lines that are the daily profile The green lines are the weekly and you can see a bullish structured profile Now we're getting up towards the top of its pattern out there. So the only uh So that's what I see when I take a look at the IWM. Now, I know you also wanted to take a look at A natural gas. So you wanted to look at the UNG. I'm not going to do that We're going to go take a look at the actual natural gas chart. So Let's do this here. Let me pull those up Mm-hmm That's okay. I'm going to pull up these charts for the UNG. There we go. So we'll get both and we'll actually boy We'll pop up here too. So you're going to get the uh, June contract the weekly June contract for natural gas We're rolling over. I believe it's next weekend to July. So we'll have to update these charts here I'm right now with regard to natural gas on the weekly basis. You got to love it We have a change in trend. We have an absolute change in trend signal now How does steve conclude that I conclude that by taking a look at the oscillator and change line We can see how this is cap price for quite some time out here And this week and well, I mean tomorrow could obviously we could see all these gains You know disappear, but right now at this stage of the game You've got a change in trend signal and you've got a td9 count bottom patterns in place for the weekly time frame The daily time frame has a roadsman dominicator signal out here and that's been confirmed But as you can see today will now confirm a td9 count top and that suggests that today or tomorrow Should be a short term top inside of natural gas out there Now it's possible that the top of the daily profile that is trading above $2 and 42 cents will become support old resistance becoming new support now It is a bearish structured profile So let's say you're not in a natural gas trade and you want to get into it knowing that you've got a Daily td9 count pattern that is about to unfold here. What do you do? Well, the real buy would be getting back and pulling back to $2 and 28 cents This is a bearish structured profile If price can close above the top of the profile for two consecutive sessions Then any pullback you would expect a counter trend move to then find support there at about 228 With regard to ung uh and uh boil Boil is going to become bar number eight today. UNG is going to have bar number nine today But again, it's really the underlying instrument the equity future contract that we want to keep an eye on and focus on So I hope that helps you out s and p both for i w m and uh, ung natural gas out there Let's go to our next request, which is a take a look at goldilocks So for that we're going to go ahead and pull up the actual detail charts as well It's going to take a moment for these charts to populate here. We'll get the eight panel What we are going to see out here Is we're going to see that uh a 89 count pattern perhaps on the daily time frame that is unfolding So all is not necessarily lost with regard to gold moving lower and gold right now is trading down a total of uh, what the $27 trade out at 1957 now what gold is doing it is testing I at the bottom of a consolidation area out here I don't think it's going to show up on my daily chart right here on this screen Which is which is just fine because what we can see here. Oh, it does show up. Okay. Good So you'll see that today is going to become bar number seven So we could get a TD nine cow bottom pattern between tomorrow friday and tuesday of next week And that's happening at the same time that gold is pulling back to a potential level of support And that would be the bottom of its weekly profile and that number is 1945 50 so as price pulls back to that we could get a TD nine count bottom For the daily time frame. What happens if price closed below 1945? Out there well, and that could be suggesting lower price as well Where would be the next lower price area? That would be the monthly Oscillator and change line and that's currently in the 19 22 30 level now under 30 minute time frame If you're an interday trader now would be the time to take a long position in gold Why is that because we have a TD nine count bottom? So that formed at 11 30 We're having a little bit of follow-through right now during this half hour session And what goldilocks should do is at least bounce up to 1963 50 now Don't quote me right out to the penny out there price going to move up or down As price that line is going to move up or down as price moves up and down But in theory what price should do is move up and tag that oscillator and change line Now that could be the extent of its rally that I don't know I would say more likely than that that could be the extent of its rally None of that price is trading down below The bottom of that consolidation pattern. It's only that time frame by the way 30 minutes that we've got a bottom pattern signal Steve Rhodes with TFN. So Duke. I hope that helped out with regard to goldilocks We'll be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try. 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Just visit the front page of tfnn.com Welcome back up folks. I'll be going screen set here. We're going to go take a look at IONQ This is for Mimi and Mimi. Uh, let's see here your question Can I find your question? Where'd it go? Mimi, uh, please look at entry for an entry point. Well, you've got a td9 count top that is in place today It was it completed yesterday and the question is will this close above $9 and 15 cents a price close above $9 and 15 cents The next run is up to 995. That would be the bottom of its monthly profile So I can't suggest that you even take a momentum trade here You need to wait for some type of pullback or retracement. I don't have anything to Well, we've got that td9 count top that might suggest that happens So if this close below 915 your entry area to be considered is probably around $7 and 48 cents out there Price close above this this wants to move higher and 995 would be the mark out there So, uh, hit me up on a pullback out there and let's see if we can find some type of short-term time frame pattern That is out there. Uh, we're going to take a look at the gdx. This is coming from hector And hector's asking where's the gdx headed to well today's bar number seven Of its td9 count series. So hector likely headed to 30 74 30 74 is a td9 count breakout area priced below the bottom of its weekly profile. That suggests moving lower 30 56 happens to be the monthly oscillator and change line So we're going with the price target area of 30 56 to 30 74 as being the next target area for the gdx Lastly, let's go take a look at some of those ndx 100 charts I'm going to have to change panels the first ones that are going to pop up on your screen though Right here. These are the second tier of eight and on the second tier of eight stocks for inside the ndx 100 It's only amd that has a td9 count pattern. Otherwise, the other ones want to move higher Let's go take a quick peek here at the top eight and see which ones have got signals out there for us to pay attention to With regard to microsoft. Well, it needs a bearish reversal candle to confirm a rogment to indicator top Apple is trading above its rogment to indicator top signal But it does have wave number seven potential for a top Amazon is in the bar following bar number nine if it's high up today gets taken out tomorrow That tells you about a strong momentum move and video no top out there google is going to form bar number nine Says it could form a top between today and tomorrow tesla no top In pattern out there Pepsi wants to go to 180 750 and nothing for Broadcom as we took a look at it So a mixed bag not exactly the signal that the nasdaq is getting ready to top out even though it's got that daily td9 count Folks, we'll see you tomorrow. Have a terrific thursday