 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 afternoon folks. Welcome to the June 15th, the wonderful Wednesday edition of today's Traders Edge show I'm your host TV, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day Let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us, not to us That's right When you and I make that one little two-by-four shift means we can find the gift in every set of circumstance that life is going to 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 It just passed one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here, but more important than that That's this during this next 60 minutes. I'm here to serve you So feel free to pick up that phone you can dial out at 877-927-6648 if you can't dial in Hey, we've got you covered there too. It can always let those fingers do the walking That means go ahead, send me an email. Send it to Steve at tfnn.com And if you'd be kind enough to put radio show question in that subject then that would be really great Of course if you're in our Tigers then well, we'll take any ping Private pings are preferred only because I can more easily keep track of your request out there So let's go ahead and get this show started a wonderful Wednesday. Of course, this is Tiger financial news network I'm Steve Rhodes. Welcome to the show right now all the US indices that we track trend in the upside dows up 120 That's about four tenths percent eight tenths for the S&P are 29 points one and four tenths for the Nasdaq 158 points Russell's up 17 some is up 20 trainees up 163 Golds up 7 bucks Silver's up 49 cents. The only one not joining the party is light sweet crude She's back $2 and 47 cents straight in 1 16 46 did generate it a top did generate a topping pattern Yesterday that would likely send price back to the bottom of its profile out there That's the support level natural gas up 34 pennies trade out at 753 in the 30 Treasury of 25 ticks 13204 is the print there lead the charge Dollar wise to the upside you got Google up 42 bucks Mercado Lee Ray up 39 Arjenix is up 22 Tesla's up 19 Avis budget group is up 17. That's 10 percent. That's a big move out there To the downside it's charter communications only off eight bucks Albie Morrow down seven bucks three percent Westlake Corp of six or six percent old and Corp down five and Laredo petroleum is off about four dollars and sixty cents out there We've got a request take a look at ticker symbol and ET will do that in a few Joey I'll try to remember that but first let's go take a look at the equity futures. Let's go Let's try to step through this Let's focus on the equity futures if we can at this stage here will change screens and Just try to see what we're looking for what I'd like to do well first I want to answer any of your questions. So we'll certainly get to joey's out there But what I want to do is thought you know the real action is going to take place during David and Tom show out there Because now we may see markets pull back tighten up just a tad as we come into that two o'clock Fed announcement Now we'll see an initial reaction. Then we've got to 30. We've got Paul on he's usually on for about an hour Q&A out there and that's where the real action can take place Then of course, of course, there's a evening and tomorrow for us to see how the market really interprets it But what you and I are going to do right now is just take a look at the ES mini as an example and look to see if we can find any type of Tells is there something ahead of time that's telling us the way that the market is going to respond So if we take a look at the daily time frame chart out here, the answer is no There's not anything in the daily chart that suggests at this stage here that we've got a bottom What it needs is a bullish reversal candle to do that that would then confirm an a to b equal cd to the downside So short of a bullish reversal candle the daily chart is saying I want lower price. All right So that's one piece of it We go down into the details and see well, what are the details showing us? What are the intraday charts and again here? We go to a five-hour time frame chart for the ES mini the five-hour time frame chart generated a TD 9 count bottom It did it yesterday at our last evening. It did it. No two days June 13th. Yeah, June 13th was the TD 9 count bottom that formed out there That is still held price is just trading with inside its profile So the resistance level where the sellers are lined up on a five-hour time frame is up at the 38 39 They're taking a nap until price gets up to that level the buyers Well the buyers at this stage here are really at the 37 56 level. So that's a five-hour chart What is it signaling to us? No breakout or anything. So with just a bottom forming and just trading with inside the profile itself Just just could be just working up an oversold condition. So I don't think we have a ton of information there Let's go down to our next time frame the next time frame here is the two-hour time frame 120 minutes in here This is a beautiful set of charts Why because we've got wave number seven. That's letter G That's a very small portion of the Chapman wave out there We have a road's meant to be indicator pattern as well and all of that led to what? Led to move up to where sellers were at so here you get to see the I'll just expand this out Just a tad more for you the I didn't do a whole lot But the sellers are located where you and I know this it's a competitive advantage, you know And it's a it's a good thing to have isn't it? It's not a figure that Stevie would have pulled out of his you know what it's where the Buyers and sellers are telling you they reside for this specific time frame So on a two-hour time frame chart price gets up to 37 87. That's where the sellers are at There's a TD 9 count that formed out there. So now on a retracement Even if it's not a retracement into 2 o'clock an initial reaction to the Fed's announcement might see price at least spike That 37 39 50 level so here We've got a really good set of data both a good bottom solid bottom Take us up to a solid top out there or resistance levels And so now we can say that if we do see a close above 37 87 on a two-hour time frame That's going to suggest that price going to move up to the 38 78 level. That's how I would read it on a knee-jerk reaction first reaction the first few minutes or what have you up After the Fed announcement out there we could look for price And we should look for price to pull back into the anywhere between 37 28 37 38 and 37 48 That's coming from the two-hour chart. So the two-hour chart has given us a great deal of information Do we have similar information on a 60-minute chart? The answer is no we do not I Can't really say no we do not yes We do you got nice wave number seven rose mid-to-midicator bottom price also ran into resistance the top of a profile 37 98 out there so price might be pulling back to its oscillator and changeline on a 60-minute basis that that's at 37 58 out here So still got the bottom, but nothing has been able to take out resistance 30-minute chart Resistance for it and it has not failed. It's going to be that td9 count breakdown level and that's at the 3804 area So you got 3804 to watch the upside 38 39 though that still is What I say 38 3804 okay, and we got 38 39 and we've got 37 87 So here's here's how I would take a look at it if we get above 37 87 price will go to that 3804 level being clear 3804 you're off to 38 39 and if you can clear 38 39 then it is off to the races now Those races by the way should take us just up to that red daily oscillator and changeline for the yes Many and that becomes kind of your final upside target at this stage, and that's printing right now at about 38 93 Steve Rhodes with TFN we get back for this break We're gonna go take a look at an instrument that Joey wanted us to look at Although I don't remember the name, but I'll figure it out. Oh it was net NET In a time of booming inflation we are purchasing powers eroded. There's no better place to protect your hard-earned money than ain't gold Vista golds flagship asset is the Monk Todd Gold project in the northern territory of Australia This is Australia's largest unveloped gold project. We are talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the goal just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16-year mine life? All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive Dearest pot ready development stage gold project this the gold trades on the New York Stock Exchange and the symbol VGZ 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien found a TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of 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 toll-free at 1-877-927-6648 internationally at 727-873-7618 Back up folks. Let's go take a look at trick or single any T what we know about energy right now Is it is trading below last year's low? That's never a good sign out there now if we take a look at the monthly chart the monthly chart top with a TD9 Count top price is crushed crushed the first breakout level of 64 84 So longer term what the monthly chart is communicating to you and I Joey said it wants to go target 1505 if we take a look at the weekly chart out here the weekly chart says well I may have a pit stop that pit stop or that bottom which is a TD9 count Should form between this weekend next week so it could be this week now the last time We saw a weekly TD9 count bottom was right as price was coming back to their breakout level of support That's the preferred way that you'd like to see this Joey Now it's on the trading week of January 28th Of course that didn't find a bottom out here and then price a bounced higher and then began to move lower Out here and that has what led us to week number nine of the TD9 count series now The week is not over price still has to close below the close of bar number five seems like a likely outcome But you never know it's only Wednesday So we shouldn't get a completed TD9 count bottom between this weekend next so that says okay The daily chart should be the one that would tell us when that is likely to occur Well, turns out that the daily chart has formed bar number eight in order to form bar number nine And it's a likely outcome today price. Just simply needs to close below 51 60 we're trading at 42 46 You've got wave number seven that's letter g That's another potential bottoming pattern and you've got a roadsman to indicator signal triggered needs a bullish reversal candle So if you're looking to take a trade in this then you're getting decent signals not from the monthly We're just now looking at the weekly and the a daily time frame as far as where price would or could or should bounce Do because this is below the bottom of its bullish structure daily profile your price target on a move higher Is really gonna be 55 bucks even Steven no speeding you go over 55 Well, if you go over 55 here, they things will speed up and get to 59 88 But more likely than not 55 bucks would be your reward your target on a further move higher As far as the internet charts out here Let's see if there's anything that's worthwhile for us to pay attention to and take a look at and nothing that I really see of any Kind of significance. So that's the deal when we take a look at net out there So best of luck to you. There was a quest. I believe to take a look at procter and gamble procter and gamble is getting a Snot kicked out of it today or so. It's really been for quite a while for the last many weeks out here Let's go take a look at the black background charts first We'll see the a to b equal CD pattern that is in play. That's coming from the daily time frame So let's just simply take a look at the a to b equal CD pattern The b point out here was a hammer candle that formed on May the 20th This is the daily time frame that we're looking at that low was 139 18 and there was volume of about 7.7 million shares now When that was passed yesterday is with 9.9 million shares So we have a confirmed a to b equal CD now when you take a look at that b to c leg The retracement was about a point 3a 2 is 38 point 1 4 to be exact out there. That is a very shallow B to c retracement that says even though the one-to-one price projection is 123 27 I doubt it more likely than not what procter and gamble will do is fulfill a Larger than a one-to-one a to b equal CD to the downside now whether it does or it doesn't I mean that's that's what I would be Anticipating the second thing I anticipate as well when we see a bullish reversal candle as price approach as price approaches 123 27 we'll let the market communicate to us, but more likely than not I'd say the 116 area is where procter and gambles headed to price below the bottom of its weekly below the bottom of its Monthly profiles out there. So let's go see if on the white background charts There's additional information that you and I can gleam from its charts when we take a look at the monthly chart We'll shoot price is sitting right at support So if the a to b equal CD pattern that you and I just looked at a daily time frame is going to come to fruition We need to see a close below 13194. We're trading at 13153. It's a monthly chart It's only the 15th out there the price sitting at potential support turns out. We take a look at the weekly chart We don't see any kind of potential support all that suggests to us to move back to the 116 level 116 happens to be that one to one point two seven two Daily a to b equal CD pattern that you and I took a look at the daily time frame shows that we are in bar number Six so no bottom signal there at this stage. So what else do we see here? Not a lot of good news We take a look at procter and gamble and not that it can't bounce but the bigger picture is or appears to be and primarily because of yesterday's price action is that procter and gamble wants to Move lower. So hope that helps you out PG PG G7 maybe that's was along your line of thinking as well There was a quest from Zacuda inside our Tigers den can we possibly take a look at Apple? Absolutely a PL and Apple having just a little bit of a Countertrend move as we speak right now This will take just a few moments here for the charts to Populate monthly basis which got a nice TD 9 count top up there Suggests that over time price wants to make its way to 123 13 you're below the bottom of its bull structure monthly profile That's the breakout level 123 13 now Apple on a weekly basis could form a TD 9 count However, if it's gonna form a TD 9 count, you can't get much more rally out of Apple now It's not that's this is that not beautiful language out there It is beautiful goes right the cream rice to the top with regard to steamy's grammar, right? But here's the deal if we take a look at that would sound like Joe Biden didn't I here's the deal But I'm not angry. That's a different thing But if we take a look at this is bar number 9 it is below all of the other bars Which is needs to bar 8 9 the bar following 9 out there and but whoops that Wow, how about that? That's a fast forward that was fast reverse But in order for bar number 9 to actually complete and bar number 9 must complete Otherwise the pattern gets negated price has to close Friday below 137 59 they were 133 right now that is not much of a rally Inside so if you're expecting a big blast off rally which we may get and you're hoping to get a nice TD 9 count on the weekly base For Apple well actually what you're looking for is more likely sideways movement than anything else So on a weekly base and the oscillating change line in Apple has changed colors So if we do get that bottom what price and the oscillating change line should do is catch up to each other Currently the oscillating change line in 152 41 area the daily time frame chart no bottom no bottom signal No bottom pattern. No nothing zero zilch nada Now there is an A to B equal CD pattern is out there And if we were to get a bullish reversal candle then okay Apples counter trend level if it's only a counter trend move if it's a solid bottom Then they close your ears you won't want to listen to this But if it's just a counter trend move there were a price should find resistance and where it should Stole out on a rally is at 139 47. You mean exactly 139 47 stevo Yeah, I mean exactly 139 47. No, I don't know if it's going to get to 148 or 146 or one But that is the center of its bullish structure daily profile And that is where any kind of counter trend move would typically stall With regard to the interday charts out here You know we show some bottoming signals But nothing here no levels of resistance of any significance that have been taken out So is Apple giving us a clue? Well, I'd say those that want to be long and you're sure like Apple to be the leader out there You'd really like this to have a weekly td9 count bottom if that's the case. You don't want to see a rally of more than three dollars This Steve Rhodes with TFN right now. We've got the Dow. She's trading up 161 points the S&P 35 the Nasdaq 100 183 look great 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 metal 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 published a gold report with coverage of gold silver bonds the XAU 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 bull trade sign up today Tfnn has just launched their new trading room the Tigers then 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 Tigers then available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers Then 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 Tigris's as they share trading ideas news analysis and discuss the market action all Trading day even at night and on the weekends the Tigers Dan 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 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 Gartley'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 Dan the man levitane writes in he says stebo Can we take a look at Walmart? Looking for the TD nine counts in the test of a recent low Is this an A to B equal C to the downside and that's Dan in New York City? He Dan there's no A to B equal C to the downside just yet if that does form And that would be a close below the low from a few weeks back at 111 27 Then it's gonna be curtains for Walmart when I say curtains I mean the kind of curtains you can buy at 86 40 maybe even 74 57 So but we don't have a confirmed A to B equal C to the downside yet So let's take a look at the white background charts out here. See what they're communicating to us Well, first we take a look at the monthly chart You have a confirmed roadsman to Mindicator top out here That says that price is likely gonna head to 111 80 or at least that's its next stop on the Downside action that is its breakout level if we take a look at the weekly chart Well, the weekly chart shows the TD nine count top I've got wave number seven as well and we can see that a few weeks ago price just crushed its breakout level That would be the a point out there would be the high from the week of April 22nd and low again Is that the low from a 28th? That's low that's got to be taken out whether it's a daily or it's a weekly chart in order to get your A to B Equal CD pattern. That's how it came up with that as 86 or 74 level out there So we don't have that we don't have any kind of bottoming signal You're only bar number seven on the a monthly time frame out here when it comes to Walmart The daily time frame says I'm ready for a little bit of a bounce. Why does it say that? Well, or it could say that Bar number nine of a TD nine count is going to form today as long as price closes below 12102 your 1892 so odds favor. That's a likely outcome Price is also stretched. You've got the roadsman to Mindicator signal So if you work to get and you're inside a Bullish structure now you're below the bottom of its daily profile out there at 120 56 So you don't see a center line the center and the bottom are at the same price that strong support or should have been But price isn't above strong support. It's below it. So now that's strong resistance 120 56 But you are gonna go or peers will get a TD nine count if you get a bullish reversal candle Not necessarily today, but tomorrow you would get a confirmed roadsman to Mindicator top So to the extent Dan that you want to trade Walmart wait for that confirming signal So wait for today's action to play out And then what you would do is your stock would be somewhere between 127 13 the top of that daily profile and the high from May 31st, which is out at the 129 60 level out there So that's what I see we take a look at the daily the weekly and the monthly charts for Apple not a whole lot here on the Entryday of significance for you and I to take a look at so Dan. Thanks so much for taking the time to write in and Best of luck to you as far as what you do with that information I don't believe there's any other requests Inside of the tiger's den. So let's go switch back. Let's do a little bit of let's switch over So we took like the yes many we can take a look at the other future contracts out there or the equity future contract But let's not do that. There's other instruments that people probably have interest in gold would be one of them Most likely so let's go take a look at the August contract here for gold We had a nice rally earlier in the day all that did was took price up to its daily oscillator and change line We'll see that momentarily. Well, you can see it right now. Let's just simply expand out the daily chart So what we know now my white background charts have a different set of profiles in the black background charts Which one's correct? They're both correct right now We know is our support is held on the black background charts out there But resistance is held no matter what color chart we have and that resistance is that red oscillator and change line And that's currently printed in 1831 80 You need to see a close above that if you see a close above that then that's going to signal move back to the top of its profile 1879 you don't think that these profiles really tell us where buyers and sellers exist Just look at the daily chart for gold take a look at that gigantic move a couple of days ago Where did price stop right at right at the top of that profile level? So they're very helpful. So right now with regard to goldilocks We're not seeing a breakout message not that we can't but remember if it's a breakout message It's really just a consolidation with resistance being at that 1879 now We clear 1879 and then we're on to something out there The five-hour chart has a nice TD 9 count bottom What did price do ran right up into resistance where the sellers were at at 1838 50 Got to love it or you don't have to love it now price is pulling back the question is will 1816 50 hold as support That is the bottom of its five-hour bullet structured profile If we look at the 120 minute time frame chart, I don't know we have out here. So we got to expand it out What do we have? Not much Yeah, I don't see anything down here. Oh, we got a TD 9 count top. Excuse me So we got a nice TD 9 count top price is pulling back to support That support level is the bottom of its profile to 1818 50. We're at 1819 as we speak right now But price could pull back further test that red oscillator change on 1816 70 But a close below that says we're headed to 1808 40 So you got bottom signal here on the 120 so far the retracement No, no, no big deal a nice bottoming signal on the five-hour price running resistance pull back right now Not necessarily a big deal but a concern of caution and more and more caution if we see a close below the bottom of that profile Which again is at the 1816 50 level As I look at the other intraday charts the 30 minute chart formed a TD 9 count top did that earlier So boy as price was hitting that resistance level and we took a look at on the five-hour chart We had all kinds of topping patterns going on so at 9 o'clock this morning We had a nice TD 9 count. We had a wave number 7 that's letter g So you got those two topping signals out there and now what we have is a TD 9 count bottom at 135 And as we come into 2 p.m If we're looking for a signal I guess it's coming from the 30 minute chart because that's going to complete the TD 9 count bottom pattern And that says that gold should at least have a knee jerk reaction and rally up into about 1824 out there If it gets above 1824 then we're looking for move to about the 1835 level and above that Back to the highs of the day and perhaps it's actually on a 30 minute basis and a to b equal cd to the upside out there So the 30 minute is really right on time for the Fed meeting And is saying okay the retracement for the day is over now The price closing below the low of this session right now the low of this session is 18 17 60 so if we close below 18 17 60, I'm assuming we're not going to move lower here in the next 24 minutes, but that that could be a long shot out there. So check the low That we have that that takes place during this half hour out here And if we do get a close below that then Then we'll have a TD 9 count failure and that's going to suggest to move back to 1808 80 So that's a fairly decent tell or I think it's a decent tell so far. Let's move from gold And take a look at lights we crude now in crude's case. Let's go take a look at its august contract out here So let's move up to the august contract See what kind of signals we have here So the daily signal Excuse me yesterday What this did was it completed a road's momentum indicator top it completed wave number seven And now price is trading with inside its profile The support level for the august contract is at 113 66 So if we see lights we crude below 113 66, it's going to go target its breakout level 105 94 Seems like a likely outcome out here, but price versus got to close below at 113 66 level The five-hour chart, which also has a road's momentum indicator top Suggest that price should go target 113 36. That's because price is below its current profile level So we've got 113 36. Is that it and pull this over I'm sure we have 111 36 and 105 94 is downside price targets. How about the two-hour chart? What do we have out here for lights we crude We don't have anything to suggest otherwise meaning that yeah, this is suggesting it wants lower price as well No bottoming pattern out here in play the 60 minute chart. I don't see a bottoming pattern I see a td9 count bottom failing. So that suggests lower price The 30 minute chart is trying to form a bottom as is the 15 as is the 10 Out there But those bigger pictures the daily the five hour in the two-hour chart are really suggesting the lights we crude Should head lower with the 111 to 105 area being the target for the downside Hope you're right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg Tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the Biggest decisions of your financial future call tiger real estate LLC today at 727-329-8322 Or email us at tiger at tfnn.com that's 727-329-8322 call us today The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only $37 and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three 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 Welcome back folks. We're taking a look at the chart for crisper crisper tath therapeutics out there You know the guys that believe they're god and can just go ahead and modify our dna They do have a cool technology out there that is for sure If you take a look at the monthly time frame chart what crisper did was it completed a td9 count bottom? Right above its breakout level of 4684. That's after creating that td9 count top out there Think maybe it's worthwhile to learn this pattern. I just kind of throw that out there is something to think about So now what we've got is a nice valid bottom on the monthly chart What price should do is price should make its way g7 up to the oscillator and changeline Which is really near the bottom of its profile. So we're going to call it 88 62 It's a likely longer term move Do we have a confirmation on the weekly chart because that's what we like to see when we have a monthly bottom Well, it turns out we do we've got a roadsman to indicator bottom that formed out here at the week of may 13 Price is pulling back. It's back inside its profile. It just needs a close on a weekly basis above 64 82 To then suggest The price wants to go target the 122 level The daily time frame for crisper formed a td9 count top and what that's done Is that's taken price rate back to right back to its breakout level 54 49 g7 Would you have picked that out as the breakout level? Would anybody here at tfn anybody the tigers den? Anybody any contributor have chosen 54 49 as the breakout level? My answer is no There's no one who would have taught us that that 54 49 would have been the breakout level for crisper And that's another value of the td9 counts. So you've got the valid td9 count We don't have a bottom pattern But pulling back to the breakout level can be a bottom pattern. Oh steve Would you get your language correct there? What i'm saying is we don't have the type of bottoming pattern that you and I look for td9 count Roads meant to indicator completed a to b equal cd But you can bottom by just simply pulling back to the breakout level and that's what crisper has done now crisper gets stronger if it can close above its daily Green oscillator and chains on green tells us the price oscillator is above zero a bullish conditions a rising price Osset above zero what crisper really needs to do is not just cross that rubicon It needs to close above 64 13 the the center of its bullish structure daily profile g7 If it can close above 64 13, you're headed back to at least test that td9 count top swing point out there Do we have anything else that's of? Assistance for she could see a nice Bottom out here on the 130 minute chart. So I don't really see anything else out there But you got a bottom on the monthly a bottom on the weekly You've got a you had a bottom on the daily But really more so right now we're looking at the top that is pulled right back to its breakout level As long as 54 49 holds crisper should head higher The next request was to take a look at ticker symbol kind That is next door out holding. So we're going to get the White background charts populated what I can share with you right now is prices trading and consolidating between its daily And its weekly profiles that ranges between 286 to 370 on the daily 281 to 381 on the weekly chart out there now Not enough data in time has elapsed to generate any kind of monthly signals But on the weekly basis what we have out here is what? We have a we have a roads meant to mitigate her bottom that was formed with the hammer candle back on may the 27 So what you've got to do is get a close above that 381 I think it was was a 381 it was 381 the top of that weekly profile But then say you've got to move up to 583 But you have a bottom on the weekly if that was a question the answer is yes How about a bottom on the daily the answer is yes Very much like the a lot crisper that we looked at on a daily basis roads meant to mitigate her bottom Creates a td9 count top pulls back to support that was the bottom of its profile So it's completed the move and this should move higher the 195 minute chart as a td9 count as well Price pulled right back to its breakout level sport of 296 You've got a 130 minute td9 count bottom So we may not be able to find good tells folks on the est nq and maybe a few other instruments But kind has got all the tells in the world out here and not that it can't head lower But this is suggesting that it wants to head higher So hope that's kind information to those of you out there that are listening There was also a question to take a look at bowing out here. BA is a ticker symbol Let's go ahead and let that get populated. You're welcome Duff Um, if you were the one that requested that and even if you weren't going to request that Kind of want to make some money I think kind is a place for you to take a look at for sure Bowing on a monthly basis if it forms a it's a completed a td9 count bottom it did it last month It's also got a roachman dominicator signal You like to have two but you'd love to see a bullish reversal candle on a monthly basis But that's just going to take us to 170 55 or so the red oscillator and changeline the uh Weekly time frame. Do we have a? Lower low that we do Oh, it doesn't matter So on a weekly basis the bottoming pattern would have to be the a to b equal cd pattern It looks to me like it completed that so you've got a valid bottoming pattern The a weekly red oscillator and changeline whoever asks is clearly key resistance out there And that's at about 139 66 or so so I didn't move upside you want to watch how price handles that number Today is a gap to the upside that gap to the upside is confirming that roachman dominicator signal from yesterday So you've got a nice bottom you actually you sort of have an island bottom out here I would prefer it not to be that island bottom I'm referring to not to be in this congestion zone from back in may 23rd But nonetheless, you've got to confirm bottom Uh counter trend move would end at 137 65. It's more than a counter trend move You've got sellers still to deal with at 142 21 you clear 142 21 and you're headed up to 189 85 Lots of laughs. Yes looks good. Duffy bowing 170 would be a big move. Yeah, it would be a big move But right before it does that it's got to deal with some uh some selling activity between 136 and 142 At least on the daily time frame charts out here intraday Not a ton of additional information out there 30 minute does have a td9 count top and that suggests price could easily pull back to 127 55 That would be normal and natural There was one other request. What was it? Uh, what was xom axon mobile out here? So let's go take a look at axon mobile. They got a I love I believe they got a love note from president joe. Didn't they? Oh Oh, I won't say it But boy, I'd sure like to say it So let's just wait here for the chart for axon mobile now axon mobile on a monthly basis Confirmed a td9 count top. This will complete the pattern this week No matter where it closes that and that suggests it over time What axon mobile may want to do is pull back to 74 39 on a weekly basis right now. We've got a A bear separating candle that's confirming a roadsman to indicator top and that suggests a price closed below 96 13 Then we're looking at his move to 89 98 83 88 or 79 30 td9 count and roadsman to indicator top on the daily Right now prices trading below 95 30 and that's the key level to watch Why because that's its breakout level if you close below that you typically gravitate to the next breakout level Which in the case of axon mobile would be 86 35 So that's your daily your weekly and your monthly axon mobile charts out there on the Other intraday charts I don't really see anything here to suggest that price is not going to continue to move lower So I think we looked at lights we'd crude I know we did and that suggested price moving lower and axon mobile at this stage here Is suggest that it wants to move lower as well. So I do hope that helps John. I believe we got through Um, I believe we got through all of the requests out there Let me just check the phone for the emails real quickly see if there's anything else There's nothing else. So uh, we're about to go to a breakout here in about five seconds I'll spend a little time surfing around see if there's any other charts with any other tells out there But the real action that begins in about About 10 minutes time 10 minutes and 20 seconds to be exact see roads with tfnn. 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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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv folks, we'll take a look at the Daily chart here for lockheed martin lmt is the ticker symbol There was a question to take a look at it during the breakout here What I see is a consolidation that is likely for me and I say likely because of the swing point That price is dealing with right now g7 is the day of march 16th 5.8 million shares your 531 thousand shares So doesn't seem likely it'll break through here It can obviously and there is a valid topping pattern both on the daily and the weekly chart out there But right now looks more like just a consolidation pattern than anything else as to two different tells The only other tells are signals that we have We talked about this yesterday the york stock exchange advanced client oscillator got down to that minus 250 level That is an oversold condition So that needs to work itself off it doesn't have to work itself off today But it's begun that process So we shouldn't be surprised to see some kind of rally out there Just simply working off that oversold condition and we take a look at spot fix index We can see that it is trading below that Boldinger band that upper boldinger band at 3134 victory remain below that Then more likely than not the spot fix will target the 2745 level and that too could go ahead and put some kind of Rally into the market If we take a look real, let me see if I get the nq up here quickly We looked at the es mini Looking for tells out here. Let's see if we can see what the nq is signaling to us So I know on its daily time frame There's an a to b equal cd down side if we get a bullish reversal candle then Okay off to the races the races taken us to 11 755 You've got a nice td 9 count bottom on the five hour chart That suggests to move up to 11 685 You've got to close above its td 9 count breakdown level on the two-hour chart. That's 11 644 75 if you do that, that's a signal of price moving higher the 60 minute had a td 9 count top The pricing close above that 11 542 level that tells you about a further rally to come So folks stay tuned your favorite polar bear david whites up next how about bride will take us on home And I'll be back with you tomorrow at one o'clock. Have a wonderful wednesday. I look forward to seeing you on terrific thursday. Take care folks