 of Traders. Sign up today and become a part of this educational community of Traders, just visit the front page of TFNN.com. The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now. Toll free at 1-877-927-6648. Or internationally at 727-873-7618. Now Larry Pezzavento. Good afternoon everyone, Basel Chapman here sitting for Larry Pezzavento. Larry's either at or he's on his way to Las Vegas. He's going to do some live trading demonstrations there. It should be fantastic. Anyway, so I'm taking this hour down three almost four dollars at thirty-five thousand eight hundred and four. So I want to discuss a couple of things and then we'll go to the commodities and we'll look at the timing of the instruments that I use in terms of what we're looking at, what we can expect over this coming week, what levels that we need to monitor very closely. We'll do that. In fact, I'll do that right now because the e-mini is just about to test the key support. We've just looked and this is the one minute chart. I don't want to go all through all the techniques I did in my show, the target technicians hour earlier this morning. I drawn this in for a time lapse using a price symmetry and I'd shown that there was a low around about nine thirty or so in the e-mini and the reality. I'm always expecting a price movement of four peaks going from peak A to the next peak is B, the next peak is C. It's got nothing to do with A to B equals C to do. It has to do with just alphabetizing sequentially and grading basically. I've got a grading methodology of grading each successively higher peak or trough and this particular case that ran to a peak D stalled in a rectangle formation which very often concludes to break in the low which it did and then ran for another peak A, B, C1 and then under that it had a peak A, B, C and then it went to the D. So for your objective in the chapter wave is to go from a bi-signal to get you upgraded whatever you're following from a bi-signal to a bi-mode implication being there should be four higher peaks peak D that other things can happen. Bam! We've got this M shaped pattern and the whoosh comes down and we broke the support and then it just continued going down. I used nine over fourteen period moving averages look what happened crosses negative right there and it stayed negative negative negative hasn't changed to positive yet and then all of a sudden just over there it changes to positive briefly so you've gone from the crossover at 41 60 in the E-mini to 41 47 43 43 44 and crosses positive so that was everything they said as long as it remained negative you could stay negative it's a process by web whereby you can stay in a position way longer than you ever thought you could based on this one technique alone and then it crosses green then goes back to pink and I drew in parallel lines this is so easy to draw a trend line just take your your your pointer and you pick a high and then you go to the the highs of the wicks of any bar that pops up and that could make a trendline and there it is three times hit almost like bar symmetry in terms of time and at the bottom I just click and I go parallel and we're parallel beautifully and we we held the low that was made at about 12 20 no 12 15 and then ran peak A peak B crosses green again and it's still green and right just as we talking for the last few minutes has gone red went to that peak D what do you expect in a bicycle to buy mode at least a peak D so let me just scroll this across right there we've done with that and we're going now it's going to be pulling back because it crossed under the trend line and went negative normally I would just immediately start drawing and that's our right side price time at and that says buy about let me just give you I don't want to do this quickly silly but buy 120 if 41 46 is taken out that 40 40 144 40 143 will again become a support level but I haven't drawn it in so what I did want to show you is that in the 10-minute chart look at this this is just a very simple techniques there's nothing extraordinary here but what I do talk about a lot is rectangles in a rectangle formation if I can find it right where did it go there is rectangle formation there are two rectangles and I do this in webinars that are on my service there if you go to the opening call if you become a subscriber you can go to those webinars there are oodles of them and they discuss in great detail all these different techniques and I talk about the long narrow rectangle and the large rectangle long that right narrow rectangle can last a lot longer than your patience because it keeps bumping into the resistance and then all you think is gonna break out and then it turns around it goes down to the support you think is gonna break down it turns around it goes back up and down and up and down if it then goes above the trend line resistance at a peak DEOF and turns down watch the midpoint if there is a horizontal line in that midpoint between the upper resistance and the support and it takes it out often you've got to the DEOF be careful because you can quite easy go right underneath the previous support and then go back and what happens when it goes back into the rectangle is important the large rectangle we're talking in different contexts in a moment but in the meantime look at this can you believe that's the phone Thursday this is let me just double check that was on the 20th 20th was is that 28 to 20 a way economy 28 right has to be 20 yeah on the 20th 20th of April was Thursday look at this it set the parameters of 41 59 and 41 33 something like that and then it's stuck within that you got your peak a b c d you did all the sort of thing and then it broke above that trend line resistance to an e took out the midpoint support line and then what is the rule if it takes it out there's a really good chance and it's not only break the low business and test it and then it will try to get back in what happens after that that becomes a midpoint resistance well it went under it then it went peak a b c d stopped on that line came back and then it went peak a b alternative currency d e f energy unusual g out of the range and it comes back in goes to the midpoint that dashed line takes it out goes to a trough d and now we've got a peak a in a retracement so all of that those are techniques I'll show you as we move along I wanted to show you that now if you're not used to my techniques so spoke about the 914 crossover well look at the Dow since the width of that moving average the slow one over the fast one is so wide it gives you an extraordinary level of support it doesn't say that it can soar to higher highs it just says that's your support and until that nine crosses under the 14 it won't really break down until that happens it can go lower but the breakdown occurs when that occur when it when the line goes pink and underneath the 14 but at this particular point you still got residual strength and so that's your p d your fourth highest peak you did that back in February of on the 14th of February this year at 34,331 came tumbling down to 31429 trough d and then ran all the way back to a p d and now you've sort of this after everything that's happened could you believe that you've got including this very minute could be a change by the end of the day at four o'clock but look doji candle doji candle doji candle doji candle doji candle almost a doji candle five doji candles and today could be a six after that p d that's that's telling you that there was internal strength they could change and I think it will change but not right now I'll be back Basil Chapman city for Larry Payne's presidenties 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 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 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Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com TFNN educating investors free at 1-877-927-6648 internationally at 727-873-7618 Hello, we're back Fossil Chapman here and let's go through some of the charts that I was asked about in the Tiger Den. Platinum was won at PL's Platinum Continuous Contract monthly chart has gone to a PXC but just have a look at this this is very interesting because Platinum is being used more and more made a PXT way back in 2011 this is a continuous contract so prices get smoothed out but it was at that point it was 2050 slumps all the way down to the low of March of 2000 and we go 20 I believe it was right there to 586 I mean this is 75% okay then it runs up to a peak ABC and then stores I couldn't really call this a peak C1 C2 it has the characteristic the C2 says that just Mr. D and the technicals was strong enough for it to get there but it didn't I've just left it like this but basically we are looking at the potential for the monthly chart to be making a cup formation and a cup formation says that you've on the way down you've made lower lows usually low ho lows and lower highs but you're making low lows and then you find a base and then you start to move with higher highs and higher lows that's exactly what's happening now so the monthly chart the magnies improved the 9 period is over the 14 the stochastic is not so great at 53% and the on balance volume is very weak so the price is moving higher I'd prefer if all the technicals concur but on a shorter term basis you've got the weekly chart making this cup formation the technicals on the left side are not as good as they were on the right but it's still a pretty darn good move but this is the one we're looking at and I did an analysis of this based on Chapman wave methodology this is a bar symmetry and I had that peak F that was made in the platinum back on the 11th of January at 51 25 comes all the way down to the 900th and then it starts to move to the right and it's making high highs and higher lows and my I said that using a particular candle for a midpoint because the trough couldn't be the plumb line right at the bottom of the 27th of February it just didn't it looked imbalanced to do that is that's where you have to use other techniques rather than just pure mathematical left side number of bars to the left will equal the number of bars to get back to the same price didn't work but I moved it and I moved it correctly because to the exact day the 21st of April that was on Friday the market that our copper platinum sorry platinum popped up went to a leg F with a very strong nine period over the 14 the Magdy's goods to casics fabulous and 90% I love over 80% but I really love I like over 80% I love over 90% and it's a 92% the relative strength this little gray line is starting to fail so this is saying it's overbought because the unbalanced one in the blue line is is that's the only thing I treat as overbought all the rest when you over 92% in the stochastic unless you pop over 80% and go back down immediately that's a very negative thing but if you flatten out over 90% I love that that's what you should all the textbooks say overbought nonsense that's what you want that's what you want for higher prices and you've got that here and that just says that on a shorter term basis 1.099 right now a in leg F probably a peak F today says that this whole area of one point I'm gonna just click it because I can't see 1.087 to 1.067 should be very strong support there's a chance that it goes a little bit lower but it should quickly get back there and one of the reasons is look at the number of bars on the left side that you saw at that level so that just says you've got some support there if there is an acceleration with a move that takes you very sharply under 1.050 in the next week that says for now platinum's done it just needs a breather it's at a spectacular move I hope that helps you there was a question there on the upside for platinum what you've got is looking out and I wouldn't cheat this as a very short term objective but looking out the high that was made back in March I think it was yes March of 2022 at 1200 remember I'm using a continuous contract so let's just say the high that was March in the monthly chart that it would be an upside target I like to go left side to right side and then see what is on the left as an obstruction or a resistance and that's the level that I'd be looking at and the other thing is just in terms of FIB numbers 1.38 would be in the 1.044 area okay I hope that helped you and just a very short term if you want I didn't ask me for it but I'll do this because it's right there and let me just go to windows going to 120 minute short or right right hello anybody up there it is there it is I'm going to go to that okay I can't tell too much going on right now but I can tell you that the 120 minute chart looks somewhat overbought and it looks like it wants to pull back 1.055 1.08 oh is the near term support under that 1.55 1.055 is the 200 period exponential moving average so between that and 1.68 I'd say 1.068 I should say am I right not you saw these numbers yet 1.06 and yes correct so that's what I'd be looking at as support and resistance is short term is that about 1.15 1.15 to 1.153 all right hope that helps you next question I had was could I look at the QQQ's I'll do it both ways if you look at the end queue which is the end queue which is the continuous contract I like to use that because I can get monthly charts I can get a long-term looks at it even though it's trading this is a continuous contract now the reason why I haven't got a down arrow after this peak D is I have to wait because the 9 is still very strong it has closed under the 14 period moving average a couple of times but to to get a down arrow what I like to do to make a measurement of this left side high that was made back on about April 3rd or so and then the one that was made round about April the 16th I'll just check the dates in a moment so that was April the April high of the 4th of the 4th at 13,348 and then the high under it just under it at 13,298 on the 18th look at this the MACD was weak the stochastic was very weak on balance volume was weak the red to strength a little gray line over there was starting to turn down but it's only probably tomorrow or Wednesday if the 9 period crosses negative under the 14 period that I'd say you've got a pattern that I call the dreaded H let me just tell you what that is right here H pattern right here so I like to look at three core patterns besides the rectangles and everything else because these make up the rectangles so straight line up or down cup formation arch formation a mix of one and three or one and two this is one and three where it goes to an H fails at a peak A or B takes out that left side low in this case it's very positive if it takes out that left side high so what am I looking at here I'm looking at the arch formation we call it the dreaded H because if it takes it out it can go a lot lower so we've got this H right here and we'll see if it takes out the low in this case I'm using continuous contract and if the low of the 13th of 12,925 is taken out on a closing basis you can expect there's even a possibility of a one-to-one of the arch formation going down low and that takes you to 12,800 we aren't there yet so it's spoken about the rectangle formation that these can actually morph and I'll talk about that as soon as we return. Castle chapter, sitting for 90s hour, down's up three S&P's time. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metals sector as well as the markets that move gold which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. 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 Pezzavento 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 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 in 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 4.00 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 Wim Banner on the front page of TFNN.com Hi, folks. So, we just looked at the platinum chart. Doesn't this left side look exactly like that platinum chart? So, listen, there's a technique that I call the Chapman Wave. Inside, here we go. This is an instant restart right here. Within the inside bars from a PDT, within three bars, we get a new leg, 8 to the upside, or it could be an E slash A. But there's just one little modification I make to this. If there's almost a parallel high with that left side PDT, I almost always take it as a potential for a peak A. So, it doesn't have to make the new high. I prefer if it does. If it doesn't make that take out the low after that peak D, then that's really good. Yeah, it is sitting. How important is the 200-period moving average? Really important. Look at this. It was a breakdown level in SWAV, which is a stock called Short Wave Medical Inc. And then it became resistance. There was a big spike up to it back in February, and then it failed. And then it made this beautiful. I love these patterns. This is what we're looking at, the cup and the arch. Look at this. I mean, this is spectacular. Look at that. Look at that. Beautiful. This bowl formation says prices can go a lot higher. You can have consolidations within it, but as long as you keep making higher highs, and basically not higher lows, but decent lows that often you've made your starting point, peak A, B, C, the whole, say, the high of B or something like that. That is really good. I'm not going to do a left-side, right-side price time-match right now. Other than to say, now why not? I will. SWAV is the symbols down 6 at 280.37. Friday made a new recovery high. All time highs up in the three, just about 320. Now, let me show you what I do. I like to go step-by-step. So normally, without that big move on Friday, I would have said a left-side, I want to bump up against this Grand Canyon slope on the left side, and I want to go there. And where would I, if I can't use it visually, I'm over here now, right? I have no idea what's going to happen. But on this side, it says to me to go to that level when you're down in the 170s or 80s, and that's just a big ask. To go here on the right side, I would have to say, no, I can't do that. That would be very aggressive. So I like to go a little more and then say, I'm using this bar right here. And in a way, it's a little, it's unfair to say I'm using this bar because I just, it isn't even a cup formation. It's within the cup, below or down. So I'm using the high that was made the 10th of November at 277.95. And I go up against the cliff on the left side. So I go a couple of bars back, and then I go to the right. And I say, I'm looking for a particular candle, a very indecisive candle. So I find one right here, and then I go click. And all I have to do, it's easy on trade stations. So others don't have quite, they don't have the arch, the semicircles that you can draw, which is a pity. Most do, but I wouldn't say most do, most don't, but some do and it's great. You don't have to. I could just do a straight line there and then another straight line. But what I'm going to do now is I'm going to go to the right side. I make it green because I'm anticipating certain things happen. That could be the upside target. Then I look to the left and I say, wow, that if I had to take this particular trough here and move it to the right, you know, that is just way too aggressive. So I say, that's just not going to work, not for, not, not in this particular instance. So this is where the mathematical formula fails. And all I can say is, well, that's just the way it is. So I have to do it. I don't do it just visually, although I'm a very visual person. I do it with particular candles. I use the diagonal with this diagonal Chapman wave inside wedge target resistance line on the way up. It's usually light green dash just so you can identify. These are things I do for subscribers that they can see very well. And then I use this particular match right here. And I say, okay, if this is the case, then we should try to get to the level. I can't draw it right now because I'll be looking to see where it is. So let me just say what I do is I take it to where this, what I consider the match from the plumb line I've chosen or midpoint mirror image. And I just, for now, I'm just going to extend it to the right to see where it goes. So it says extend right there. Okay, now I'll move to the right here. We go, we go, we go, we go. And it's not quite right because it would have been right there. The bar that I chose was right here, this indecisive little tiny candle. And that said, by the, let me click this there, by the 25th of April, we should be testing this high, which is 277.95. Well, it turns out on Friday, it's spiked way above that. On the weekend, I would have said, okay, now I've got to go to the next level. And then I would just draw the same thing. I do it like this. I don't always use the same midpoint because things have changed. So the midpoint could be very different. But I've done that. And then I would do this and say, okay, is this going to hit that next level of resistance? And lo and behold, what do we have? It got there. It hasn't got there yet. So that says by the 27th, we should be able to hit that level. And that level is then, and this is all I do. I go step by step, 308, 309, oops, so 300.11. And today's, Friday's, I was 296.80. So the question is, where could I add, I would say you're in it. You're lucky to be in it. Because I saw this in Investors Business at the end. I loved it. And then I kind of, I lost track of it on that big move down. And I just, I haven't even looked at it for about three weeks. And out of them, and I had already drawn in this 200-period moving average with the channel wave inside there. Right. With the instant restart. In the meantime, back at the ranch, that's what I'm looking at. Now, you've missed it. You haven't missed it. You've got it. I, for subscribers, like it very much. Shockwave Medical Inc. Just, it's in the right sector at this particular time. So I would, because we don't have a position, I would like to start a position and just have patience and try to get it in the 250s. Somewhere there, 255 is the 40-period moving average. Wow, that's 22 points. That's 10% correction. I don't see it doing it right now. So what I'm going to say to you is that you've got a small position. I don't want you to get another small position when that second small position could pull back to almost your entry point. But if you've got it much, much lower down, I would start my second position as a split position. And I tip to him right here, 279, because I'm expecting with the strength that I'm looking at right now, there's a chance that it tries to get into the 300s. So you could treat that as a potential short-term buy that says, if it gets to a certain point, I'm actually going to take that off and try to get that same position lower down. Or say, now I've got a great cost average, because that's now the plan, because you're trying to build longer-term positions. I like it. It's only B, leg B in the weekly chart. My target is later on in the summer for it to get to 320, 320.54 was the high of the week of the 28th of October. It's in the right area. And yes, I could give this an alternate count monthly saying this is F slash B. I'm sorry, E slash, yes, F slash B. But in the meantime, I love the action that's going on. So that's the way I would look at it. Just a little nibble here as part of your second position. And then we'll talk about it a little later in the week. 2018 S&P is down two and a half thousand chapters, sitting for Larry for Zementos hour. I'll be back in a moment, and there's a lot to talk about. I've got more questions coming in. 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 Basil 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 Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money back guarantee. 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Hi folks, I was talking about bar symmetry. This is a really great example. From this bar right here at 10.50 and the e-mini at 41.50, 1.50, 53.50, we pull back to, I expanded it, is A, B. Let's see, this is D. Right here is D. We went to a trough D with a 41.39 round number low at 12.20. Look, so that's 1, 2, 3, 4, 5, 6, 7, 8, 9 bars to the downside. And to get to that exact level at 41.50, 53.50, we went 1, 2, 3, 4, 5, 6, 7, 8. This is the ninth bar. What's the height? 41.53, 25. Missed it by 25 cents, but it's a 10-minute bar, so it's ongoing. And I like to draw in these, and that's beautiful. Here's your plumb line, the midpoint right here. Look, look, look. I'm going to draw it in this way. Here's your plumb line. This is the bar, and that bar low is a mirror image from the left side to the right side. Isn't that fascinating? The MAG-D turned up stochastic is beautiful. 93% on balance volume is good. So how this stales, and this now, this midpoint that I draw in, this has been in for a long time at 41.48. That's your key support now. And the 9 just crossed positive. So that's a good sign. But in the meantime, we're stuck in a range. Look, this is since Thursday. Just at about the close on Thursday, we're still within the same parameters. Fascinating. Excuse me. So, okay. So that said, let me go back here. So the question was the QQQ. So in the QQQ, what we're looking at is a cup formation can turn into an arch formation because the sine wave goes from one point down and back again. Then it can go from one point from the low to the high and then back to the low again. And it can keep doing that within the rectangle. So what I normally do is I grab the outer points 321.63 and 311 on the downside. And I say, okay, the Q's are stuck in a rectangle formation until they break either way. They just stuck. And they can stay there for a long time, meaning another couple of days. Well, all I can say is that if the Q's start to take out 311 to 309, that's key support in the very short term. There's a problem if it closes under that because that's going to get the nine period to start moving out of the 14. It hasn't yet. It's still showing strength. And in the weekly chart, we've just got like a carpish pattern and there's your handle just a sideways rectangle. These often have a little pop to the upside and then break to the downside significantly. So that's what I'm looking at just in terms of chart patterns. Next question came in coinciding to in the den natural gas stealthy strength. Yes, I actually like this very much because for the first time you're starting to see, let me just take a drink of water for that voice. And those are what I wanted to see in natural gas. I didn't want to see a spike that fails. I didn't want to see little tiny bars that moved up like we saw before. I wanted something that said as we are awaiting the stochastic to get to 80%, it's at 73% right now. I want to see some kind of, I'll do it in a lower down, a cup formation form, holding the nine period moving average above the 14, which it hasn't done. It's still pink, but it's very close to turning up. The weekly chart still looks absolutely horrible, but I like the action yet because it says finally for the last week and a half, you've seen rallies with disbelief and then they give back a chunk. That creates even greater disbelief. But if there is a leg B in the natural gas continuous contract above 2563, the high that was made on the 18th of April, that starts leg B. That stochastic will almost certainly get to at least 76% or 77% probably 81%. The mag D is already good. Now you've got the nine over the 14, if it happens, green. You've got the mag D good. You've got the relative strength, yeah, right yet about 50%, about 49%, just starting to improve. And all of a sudden I've got something that says we have built a really strong base in the 2.3, 2.1 area for natural gas. That's what you want to see. I'm not going to say, oh, the 50 period moving average of 2.76 at my target. I don't do that. I do say on the left side, if there is a peak, which there isn't until you get to the 14th of March, yeah, March at 2.981, that's your peak on the left side. We don't have any peaks. It just made lower lows and lower highs, all the way down to a trough G. So I try to do it this way, and then I will produce on the left side. I'll even start now to say, this is the work that I would do. I wouldn't go to this vertical line, trough right here. I'd go to that trough right there, and I say, wow, if that's the case, we could have a nice move by next week, May, early May, we could be seeing a decent rally. But wait a minute, this is natural gas. Why should it rally in May? So I'm just saying, I like to go step by step. And what you are looking at at this particular point is that there's building enough strength to try to get to a leg B, and then we'll see whether it turns the 2.40s into some kind of key support level. But it is the wrong time of the seasonally for natural gas to really be moving much higher. But it is extremely overboard. You could just move that on a purely tactical term. And as I say, it hasn't turned positive yet in the 9 over the 14. Next question I had was, yes. So I finished the QQQ, I just wanted, I can't remember now, I've done this so many times today. So this pattern can just remain going from a cup to an arch to a cup. But if there is a close under this low right here of 312.57, it's just be a warning. It's just just start of a warning. And then I'm probably going to put it down arrow. Normally I'd put it down arrow, but the 9 is still so strong. Yes, it's used up time. I don't want to do it down arrow, saying it's in a cell signal. When I haven't really got confirmation yet, I need confirmation. So it's still holding really well, stuck in a range. That's fine. This question I had was, Tesla, I wanted to do in my show and I didn't see the question until I got. So I did this left side right side price time match when Tesla was somewhere over here before I didn't realize earnings until later that day that earnings were coming out. And I put in a little X right there. Why? Because I had this dreaded H pattern, remember the arch formation. And the left side low looked to me from the 13th of March at 163.91 that it would be a target from this peak B going down diagonally with a Chapman wave inside wedge target support line. And then it should take in a measured move from this peak C failure under the 200 period moving average, it should take until today to get to test the 160. What did I say? It was three area, 163.91. Well, it got there on Thursday. So it's still very weak and the question came up. I had a question about, I didn't even say three weeks ago, maybe even more. I think it was Jane wanted to know, where could I start a position in Tesla? And I said, I would just wait. I have to say wait, I have no choice. I don't see anything in Tesla just yet. And I'm still going to say wait. So it does up 12, SUVs up to we've got one segment to go. And I'm going to do a couple of things that I am I had written down, I'll get to it. As soon as we return. If you're looking for potential trading setups in the stock market, then rocket equities and options report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for rocket equities and options report today with a 30 day money back guarantee. So you have nothing to risk for all the details. And to start your subscription today, visit the front page of TFNN.com TFNN educating investors. 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TFNN has launched 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, the Tiger's Den. Available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. 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. That's TFNN.com and hit watch Tiger TV. Well, the last segment of the show that Larry usually does. So what I wanted to say is the reason why for the QQQ I'm saying there's internal strength, but there are enough stocks that are saying to me something better happened very soon. Look, Microsoft, which is also in the Dow, has key support. It's made a peak eat. It's done exactly what the QQQ has done, except this time it's gone and the H pattern is gone below the left side low. And I usually say if you have two to three bars without getting back to the low, which is 281.64, that could be a serious pullback. Well, this is one bar and doesn't I don't know where it closes so far as 280.87. So I'm watching it and it says if it's going to weaken that the 269, 270 level would be a target by within the next week. If you're looking at meta and all of these are coming out with earnings very soon, it's made a peak G. Yeah, it's a GSASC and the technicals are so far quite good, but it's saying to me it's getting a little toppy short term and a lot of them are. That's really the reason why I'm looking at this and saying it's a digestive phase and one of the reasons why we've taken off some of our long positions in the Dow, but we've kept our core positions and our stock positions is because we've switched to a short position on the S&P because it looks a little bit weaker than the Dow. But the reason being it's more it's kind of insurance and this is exactly where I'm expecting some digestive phase. But so far that the strength of that nine period moving average over the 14, this has been excellent. It's telling us that there's still residual strength and you can see even the QQQ, it hasn't yet crossed negative. Look that nine period is still over the 14 of the daily chart, weekly chart is still very strong. I don't want to get in front of this. I don't want to say, oh, this is the time we should have a pullback. No, I'm saying this is where I'm thinking there's some digestive action, but it's held very well. So by the end of the day if the Dow is so we've got two hours to go, if the Dow actually moves to about a plus 65, that's really good action by if it's, oh, it's a really cool fuck and it's up 25, that'll be good action going into tomorrow with earnings coming out. I'm watching closely. If the Dow slips under $33,500 this week, that's it. You've got a little bit of a problem here and the Qs would be 311 is the area I'm looking at. Stay tuned, great program is coming up and don't forget to wrap up with Tom O'Brien. Check out nobody call and my webinar coming up.