 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes All now toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks welcome to the May 11th the terrific Thursday edition of today's Trader's Edge show I'm your host D.B. 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 and let's make sure we have an extraordinary one of 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 It means we can find the gift in every set of circumstance that life is going to toss at us No today you and I we're going to go check on the circumstance of these markets We'll go figure out what those bowls 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 You can dial on an 877-927-6648 and if you got a question, but you can't dial in you can always send me an email Send that off to steve at tfn.com and inside the subject heading. Please put radio show question Now if you're inside our tiger's den, well then any and every ping will do So let's go ahead and get this show started on terrific Thursday. Of course, this is tiger financial news network I'm steve roads Welcome to the show right now. We've got a bit of a mixed bag out there The mix is coming from the nasdaq 100 which is very strong indices out here It's up 16 points about one tenth percent the other u.s. Indices trading to the downside the dow is up 273 eight tenths Four tenths for the s and p are 14 points a little over 1 percent for the russell That's 19 points some eyes down one three tenths. That's 40 points out there. Trendy's up 120 about eight tenths Gold is down six tenths for percent or 12 bucks four percent for silver That's a dollar six lights recruit off 90 cents. She trade out at 71 64 Natural gas up a nickel the 30-year charge. We're putting out 131 19. That's up 29 ticks now leading the charge Dollar wise the upside you've got stairs plc up at 1940 and tegris is up at that is up 12 60 black rocks up 11 bucks Copa holdings up eight shockwave medical up eight to the downside is micro strategy of 22 bucks monolithic power down 16 As the holding stand aligned technology nine Perkin elmer is down nine bucks while disney is down at eight bucks We got some movers and we've got some shakers, but let's first begin by just trying to understand Hey, what's going on from a market press standpoint? So let's pull over those market breadth data statistics out here Let's begin by taking a look at the nasdaq 100 nasdaq 100 We had a choppy market the 60 minute has switched to a bearish crossover just slightly 32 above 41 below on the 240 minute time frame we have a bullish crossover 31 above 30 below On the daily time frame where are we at out here the daily? So we're kind of at a draw right there on the 240 the daily is 28 on above 24 below And the weekly is a little bit of a bear So we've got a mixed bag here with inside the nasdaq 100 it's 26 above 29 below for the weekly time frame So expect what this says the nasdaq is a leader out here And it doesn't have its uh blank together out there, right? So we've got a little combination of some bearish some bullish on This out here So I would say choppy markets now if we look at the s and p 500 We might have a more clear picture and the answer is son of a gun. We do not So again, here we go with the choppy conditions 60 minute time frame is bullish What I mean by that there's 157 above 135 below if we take a look at the four hour time frame We've got 141 above 133 below and the daily now we start to slip into the bearishness 111 above 157 below and finally on the weekly time frame We've got 111 above and 172 below So this is what's leading to these choppy markets also the spot politics being below It's 50 day expense moving average. That's also leading to the choppy markets one last Bit of information from a market breast standpoint We do have the 30 minute market breath and we take a look at the s and p right now It is bullish. You've got 150 above 142 below. Let's take a look at the NASDAQ out there. Now, this will help us when we go take a look at the equity future contracts You've got 30 above and 33 below So again, we've got these choppy market conditions on top of all the consolidating patterns that we have out here So we've got a two-way market now. Let's go take a look at well here. Let's put up this chart First here. We've got you'll get you can see the sideways Consolidations and the Dow you can see trading between rising and descending trend line resistance in a case of the NQ You can see that price clearly closed above resistance yesterday both the top of its profile The swing point that generated roads meant to indicator signal from May the first And so therefore this is suggesting as far as a pattern is concerned The only pattern that I can see out here is the a to b equal cd pattern And that would give us a price projection of about 14,000 and three nothing broken in the es many just a consolidation Nothing broken inside the russell just a consolidation and nothing broken inside the dow just trading between again trend line support And trend line resistance now. Let's go switch on. Let's take a look at the new york stock exchange where we at the advanced client Also, they're still below zero. This tells us that the sellers are the ones that are in control Yeah, we come over here. We take a look at spotball utility exit is still well below It's 50 day exponential moving average and that says buyers are the one that are in control So we've got these different messages out here So we don't have synergy and that means we don't have a market that's going to move in one in one direction Or the other so now let's go switch over and take a look at the equity future Contracts look at this multi time frame charts and try to get a feel for whoops. That's not it Me if I'm trying to get a feel for what the um For what the intraday charts are communicating to see if we can find some kind of patterns out here So momentarily switch over to the proper Background chart. Here's the es mini. So we don't have to talk about the daily time frame Well, we know about a five hour chart is you basically have a consolidation between 41 32 and 41 63 Those are its profiles new profiles formed on the 240 minute chart supported 41 18 resistance 41 67 um They're trading below profile and 120 minute time frame chart So that would say if the support level of 41 18 fails Meaning we get a close blow it on a four hour time frame chart Then that would open up the door for 40 76 on a 60 minute time frame prices found support at where it broke out at That was at 41 20 20 41 24 50 I like tom's expression if you can't bust them to the downside It tries to bust them to the upside Where would be the bust them to the upside on a 60 minute time frame chart? That would be 41 49 or thereabouts We see a td nine count bottom on the 30 minute chart I did Make everybody inside the den aware of that made about 15 minutes 20 minutes before the show started So or maybe it was a little bit longer than that so that they could make their plans And I didn't just show them the es mini we had three of the four equity future contracts Which i'll share with you that we're forming those td nine count bottoms now typically when you get that td nine count bottom Odds favored significant odds favor price makes its way back to the oscillator and change them Whether it's a top or it's a bottom a signal out there. So in this case here that that would take us up towards the 41 44 level No patterns on the uh 15 minute the 10 minutes got a rose meant to mitigate her Bottom and the price can stay above the top of its daily profile the top of its daily profile is 41 34 We'd be looking at a move to about the 41 52 areas So remember the es mini on a 30 minute basis its market breadth was bullish And on a 60 minute basis its market breadth was bullish So what this tells us is price really ought to make that run towards the 41 44 41 46 41 49 area steve rollage with tfn We're going to take a look at google for hector gsm for dan crude oil and gold for seagull kosher I'd love to hear from you as well 87792766 for either steve at tfn dot com 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's 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 and 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 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 6 6 4 8 Internationally at 727 873 7 6 1 8 Looking back folks dow is down 271 s and p saw 15 as deck is up 15 the russells down 20 We're taking look at those 30 minute equity future charts You can see those td9 count bottoms es lower left upper left and dow lower left than russell the lower right So we already talked about the es where it should target the dow should target the 33 393 level And the russell 3000 should make its way up towards the 1754 mark no bottom signal Inside of the nq for its 30 minute timeframe, but price has regained its profile So that's a little short term positive. Uh, the resistance level inside the nq This is a resistance level to be looking at this say 30 minute A very structured profiles between 13447 and 13465 up there. So that's your resistance zone So let's go take a look at one of our first requests this one coming in from hector Hector and patty and they want to take a look at google So let's get over to those charts here. Give me a moment. Let me turn it off for this 30 minute Set of charts free up a little bit of resources and then let's get over to the google charts And then let's actually read the question From hector. So the question go up. Let's get to the right set of charts The hector goes like the hector the question goes like this Hope you're feeling better. I am so hector. I had that just woke up and had a this a couple days ago folks had a little Touch of um vertigo the kind where when I sat in front of my screen to do the newsletter Which I did for a while and all the flashing numbers and everything like that I could say this was going Really so so I just shut it down And recovered fairly decently. It's one of the fastest recoveries I've had From the vertigo. So maybe it's from eating all the cat food That I am and losing all the weight. So uh, so I am and thanks for even asking google How do you configure an a to b equal cd up on the weekly time frame or use the rectangle Box breakout for a price projection. So great question out here So the the a to b equal cd For the weekly that I would use I would start with my a point being down here at the november 4th The low that was down at about the 83 45 Excuse me. Sorry about that Could be another one Okay, so far so good So that's our a point that takes us up to the high that was formed out here on february 3rd Then it makes retracement looks like about a point seven eight six retracement Into a low from the week that began or from the week that ended february 24 So this is on the weekly basis. This is made the one to one a to b equal cd Now a question might be well stevo Can you just take the b point over here to the where it's got letter d part of the chaplain wave Can you do that? And then uh, and then this would become your a to b equal cd a much large one So that b point for example on the weekly has volume of 97 million so far for the week. We've done 117 So hector i'd say that you can now what we'll do is i'll go switch over to my black background chart Since it's going to give us a more accurate number But here on that weekly base when you take a look at a to b equal cd if this is the one that's in play Then what we'd be looking at because that's probably a point three eight two or less If it's less than a point three eight two then it's really not the right a to b equal cd pattern But if it is let's assume it's very close to point three or two retracement I would say price would at least target the 132 94 level which I really think is your question But you're looking for a price projection and even before we deal with that The real price projection or really the question is where is the next resistance level? Where is the next battle? Where do those sellers lie at? Well, that question can be answered by take a look at the monthly set of profiles and that number is One nineteen eighty. We're above the daily profiles. We're above the weekly profiles So then we default to the next time frame and that's the monthly time frame So one nineteen eighty is a real number that you want to pay attention to if price can get through that Then that could be signalling to move up to 132 152 and if you look at the daily time frame chart There's no topping the signal whatsoever. There is an a to b equal cd, but let's go switch over to those black background charts Let's provide Hector and patty with the accurate a to b equal cd price projection levels out here So let's get back to our three time frames and here on the daily time frame Really think the daily time frame will take into account that a to b equal cd that we looked at on the weekly chart So here hector what we can see is that this has a one to one price ratio was up 30 percent retracement So it is less than point three a two It is less than point three a two and the interesting thing is I've got two sets of profile levels inside of Inside of google so the one that I gave on the white background was at 1980 And the one of the black background that you can see here is a 125 87 So just a one to one a to b equal cd has a price projection of 120 407 We've got the volume that b point on this a to b equal cd had volume of about 34 million shares We took it out yesterday with 47 47. You're already 30 today so even though Not a point three a two retracement We'll still use that as a price target level But I say the real price target is going to be between 1980 and 125 87 out there hector So I don't really think we have to worry about the a to b equal cd patterns knowing that we've got this profile information So I hope that helps you and patty. Thanks much for taking the time to write in and have a Thirsty Thursday that was for hector next question. We're going to switch back to those white background charts So just give me a moment to do that. We want to take a gsm. Well, actually, let me stay here just for a tad gsm Me fire it up on this black background set of charts out here And see what we've got so you're trading up at 459. Okay, so I'm glad that I did that Let me turn off this a to b equal cd So dan's question is or could be the first of all is I think just to take a look at it But dan now that we are taking a look at gsm and it isn't the high of the day What it's about to do is take on that trend line resistance So I assume that you've drawn that trend line in there as far as that price point today Where would that get us to about the 467 ish area right around there? So prices headed into a descending trend line You can see on the weekly base all kinds of trend line resistance that it's running into So if it can clear through this congestion area, then what this ought to do is run up to the 507 level Now 507 has been on a closing base have been a real key thorn in fair globe side Because that has been tested now for three months in a row. You know what they do say It's not the third time. That's the charm in stock trading. It's the fourth It's the fourth charm. It's the fourth charm Yeah Typically if you try to bust up the first three times, you don't make it through but on the fourth time You do so maybe that's what it's going to do. Nonetheless, dano It's 507 is the number to be watching now. Let's go to those white background charts See if there's any additional information that we can glean from it Where are we in in that with regard to td. Well, you got 452 That was a td nine count breakdown area. So that looks pretty good But still you've got to deal with that trend line You don't have to but price is going to need to so it looks to me like this wants to make a run for that 507 area again the bottom of that monthly profile And if you can get a close above that and preferably quite frankly a close above its oscillator and chain line That's currently printed at about 514 if you're to get a close above that that would be a real nice bullish outcome So your next resistance level is at 507 uh area and you've got three days up in a row on gsm Let's pull this back take a quick peek at the consecutive days higher closer Three days to the upside out here. Typically you get one of this had some seven and eight days So this has had some some fairly decent moves, but the typical moves are two to four days to the upside This is day number three as you approach a TD nine count breakdown area at 470. Is that right? What was that? Let me see here Huh No, I don't know what that 470 is off the top of my head So I'm going to have to come back and take a look at that chart out there But I don't see any kind of a topping signal on the 30 minute time frame Even though we're up towards resistance potential areas. I don't see any kind of a top here So gsm should continue to move higher and head towards that 507 ish mark out there Let's go to the next request. This one coming in from uh seagull He's going to want to take a look at uh light sweet crude So we'll get those charts up on our screen. Of course folks give us call it 877 9276648 or go ahead and send me an email send that off to steve at tfnn.com If you're right that 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 u.s 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 zen 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 the reach with the tiger's den available to all tigers and tygruses for just one dollar for the year There's no cash or added 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 tygruses 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 in technical market analysis And it's not just dry tedious text either tfnn airs live financial content stream 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. You got the dow down 250 s and p's off 12 nasik one hundred up 33 points right now That's about a quarter percent move to the upside. Let's go take a look at lights We crude this for seagull inside the tiger's den. We take a look at lights We crude i'll get that up here momentarily. I don't in the 30 minute time frame You've got a td9 count bottom. That's going to be your upper right hand panel chart Now what price is doing right now seagull? I don't know what your time frame was that you were looking at But I just want to give you the play by play out here So you can see the nice td9 count bottom and price initially finding resource remember how I've shared with you You make that td9 count you're typically going to get to the oscillator and change on whether it's the top or A bottom here. You can see how that played out on the 30 minute time frame got right up there It rejected that level it is trading with inside a profile right now But if it can clear that 71 79 ish area you ought to make a move up to 73 21 So just trading into resistance. That's that oscillator and change line on the a daily time frame You know price pulled back to the td9 count breakout level 6702 ran right into resistance at its oscillator and change line So if it cannot get above that what it might want to do from a downside standpoint to get to 67 93 Now the cool thing about the td9 count under 30 minute time frame It's not going to get to 67 93 unless it takes out that bottoming pattern So that's the cool thing about it. So you know that you should have strong support at that low that low is 70 63 The price closes below that and you're wondering where is it likely headed to that answer would be 67 93 At least that's the answer that steve would provide to you at least at this stage of the game out there Is there anything else that we can find here in lights? We include it does have support at the bottom of its profile out there in the monthly time frame So that's good I see an a to b equal cd pattern on the 60 minute time frame That's being confirmed as we speak right now, but there's still 28 minutes left in this session So it could end up not being a bullish reversal candle But that will then suggest to move up to 72 30 So based upon the patterns that we're seeing out here seagull. It looks to me like intraday You know, you've got the lightspeed crew that has at least a short term bottom should make its way towards that 72 29 73 21 level So hope that provided you with the information you were looking for you also wanted to look at goldilocks So let's go switch over to those charts here as we pull up the gold charts gold consolidating Um, it has been in a consolidation for a bit of time out here That consolidation is basically from about the level to the downside right around the 1965 level And to the upside it's right around the 20 63 area So that sets up our sideways consolidation inside of goldilocks now You can see this rogment to indicator top on the daily time frame. I'll just expand out the chart there You can see also wave number seven So you got two topping signals But price continues to find support at the top of that daily profile and that number Which is a real important number to continue to observe is 2019 If price closes below that it gets back inside the profile And then it likely goes to target the support level between 1986 and 1996 But that is not the pattern right now the pattern right now is a top with a sideways move It can't bust through any kind of levels of support that's strong when we take a look at goldilocks out there Now let's take a look at some of the other time frame charts. See if there's any other signals out here So what pops out at you Not much So I don't have really a great uh intraday set of signals out here To tell us what gold's intent is if I look at a 30 minute time frame chart I see that price has made its way back to a swing point. It didn't get all the way down there I don't believe let's take a look at that the high would have been 2016 50 And the low out here is 2016 70 missed it by that much um So I don't have much out here to to provide you with regard to a goldilocks what it's doing on the uh On the intraday time period what I can't share with you though is that the u.s. Dollar index Um, uh did hit resistance and it's starting to back off which was the top of its profile consolidation So perhaps that may be the signal a signal It's only signal that I could really find for you with regard to gold at this stage So if that helps you out roge had a question roger the tigers They want to take a look at ticker symbol rf. So let me close out the gold here Probably should close out lights we crude Let's free up a little bit of Source there we go resources and let's get over and take a look at this rf RF industries. Let me see uh get over to the charts. It's regions financial It's not our industries, but it's regions financial. So let's see what this bank is doing. How well it's holding up Where did stevie put that? There no Not there. Let's try the spot Yep, there we go. So we take a look at regions financial We can see the scare day scare week out here Which takes us back into that session of march 13th on the volume there 41 million shares Give me an idea First time down here. We did 24 million shares today so far. We're at 3.6 million shares. So that's a big nut you know Tom would sit here and he would tell us with certainty That that low is going to get tested because that's a high volume low out there Now what we are doing right now rogers. We're testing support, which is the bottom of its profile It's actually trading at 1593 in the bottom of the profiles at 1593 I know my chart here in the white background says 1580, but uh Just there's just a delay on this type of a symbol out there But if price does close below that profile Well, it's trading into a swing point that did volume of 24 million and again today. You're at 4.2 I don't care how we cut it or slice it here. It's pulling back with light volume But you're below profile. You're below weekly profile. You're below monthly profile. So i'm sticking with tom I'm saying this is going to test. This has got to test that high volume low That's from march 13th and that's down at the 13 94 level out there And that's what I see when I take a look at regions financial So I do hope that that helps you out roger and thanks so much for taking the time to write in Peter Peter from park city. He's wanted. He wants to go hunting for the euro So let's see if we can help him out here see what that is doing out here So I know the euro has got an a to b equal cd to the upside But it's struggling or it has been struggling. So let's take a look at what it really is doing out here The first thing that we see Is that let's pull up the week or the monthly time frame chart So the euro which looked like last month it was getting ready to get back inside this trend line This month it's saying, you know, maybe not so fast out there So peter one of the things that I would do on my long-term chart like steve has done here Is I'd go ahead and draw those trend lines in and just see how price is reacting Because if it can get back inside there without a topping pattern, it should continue to move higher So that's what the big but right now that's not the message the message that we have Is that last month may have been a false breakout If we look at the weekly time frame chart So the weekly time frame chart shows us what it shows us this shooting star Which is a sell the d-point pattern this is from the week of february 3rd That that is your strong resistance level peter and that's at 1.1033 So we need to close above that in order to suggest that it wants to get up to 117 Now you've got a wave number seven pattern that confirmed two weeks ago And what price is doing it's testing this green oscillator and changeline So we've got the top in place out here. Let's count the second top that wave number seven Now price can hold this green oscillator and changeline on a weekly basis, which is currently printed at 1.089 That would be a bullish outcome. You would still have a neutral signal because of a top But a key level of support would have held out there now quick peek at the daily time frame What do you got here? Well, just like we have with the u.s. Dollar You've got a good old-fashioned consolidation pattern And like hector had said to us earlier if you break through this consolidation pattern Well, then we would have a measured move equal to or greater than that consolidation So right now you've got the dollar up at the top of resistance or its consolidation And the euro at the bottom of its consolidation everything here making sense. So hope that helps you out peter Uh gift's called 8779276648 or send me an email steve at tfnn.com great 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 and 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 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 etf's 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 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 Folks you got the a dow down 240 right now sbs off 11 asdeck 100 I'm 31 points. Russell is off 17. That's about 1 to the down side. We're taking the charts here for n That is on semiconductor And this is for tim m and tim would like to take a long position inside of on semiconductor So tim a couple of different things out here first just so you know On a monthly basis prices trading with inside its profile and found resistance at the top of that profile at 8103 Support is down at the 58 19 level and another era sport at 71 and a quarter on a weekly basis you are trading with inside its profile levels That's from 73 58 to 84 76 So you haven't been able to break out you're trading with inside profiles You are you do not have a topping signal on the daily time frame So where is the buy point? There will be a couple of them The first one right now would be at 77 91 That's the green us that are in change. I know that number is going to change by penny or two But if price pulls back there and holds that level that would be a entry area If price closes below that then it's likely to run back to the 7506 or 72 66 area Knowing that we have weekly profiles support at 73 58 So I'd say 73 58 if we get a close below 77 92 It would really be it would go like this below 77 92 you'd look at 7506 and then 73 58 now Another possibility if we look at the intraday charts out here the intraday charts This is a 30 minute time frame chart. We see a nice roadsman to mitigate our top We see a td9 cal bottom. We see price trading bullying between breakout support That's it either 77 33 or 77 48 and breakdown resistance up at the 80 96 level out there So this would say that in those ranges 77 33 77 48 or a couple pennies above that That could be an entry point area for you as well And that is for on semiconductor finally with regard to on which I like the shoes on semiconductor shoes No, those are the roger federer shoes out there They actually are really comfortable for walking in in any event if we take a look at on This will be day number one or could be day day number one to the downside We can see the last two retracements here have been two bar moves And we can see several two bar moves a couple of four bar moves out there So this is what I would say if you're looking for an entry area I'd say tomorrow would be the day to be looking for that based upon the potential of getting a two bar knee jerk reaction Move to the downside inside of on semiconductor. So hope that helps you out tim Thanks much for taking the time to write in macgabi inside the tiger's den let's take a look at ticker symbol cprx So let's see if we can find that this is having a terrible day out there. Sorry about that macgabi cprx And his question is buy sell or hold So we take a look at this instrument here is pulling back volume today so far about 3.4 million shares And it's going into that breakout Which was uh from january 23rd and that breakout did volume of 18 million shares So even though you're pulling back you're still pulling back in this breakout with lighter volume That's kind of interesting out there. I think that didn't show up. There we go 3 million What the sam hack I know it's not 3 million. Oh cprx. No cprx Yeah, the volume on that trading day january 23rd. Maybe I didn't go back for him There we go. Here it is january 23rd. So it's this candle right here That's the one that's got the 18 million shares. You're still trading inside it that low has not been tested. You're trading below profile You're asking buy sell or hold I don't know where you're at with your entry price what I can share with you This price has found support so far at the bottom of the weekly profile. So macgabi that number is 1432 That's the number to really be paying attention to if you were to see a close below that now on a weekly basis as an example There's two swings that's trading in two run from one from the week of march 17th 14 million shares there You are at 8 million shares so far today. So looks like lighter volume And then on the weekly time frame, you've got this candle from january 27 34 million shares You're definitely uh pulling back on lighter volume But if you did close below 1432, I would have to say that 1249 it would be open would be a game But it could also be the test of these swing points out there Um, don't know on a monthly time frame. It says 1413 is an area to watch So you go from 1432 to 1413 to then trigger those moves lower either to test those swing lows Or to test the breakout level at 1249 coming from the weekly time frame on a intraday basis out here an intraday basis So that first move to the downside must be in earnings was 1.3 million shares The last 30 minutes was 400 000 shares before that was 750 Before that 400 000 shares I don't have anything on a 30 minute time frame that gives you any kind of a hope So this says there's no reason to buy you ask buy seller hold Um, the hold piece you're pulling back with light volume I don't know where you're at what kind of pain where you've got your stop set things of that sort So you've got to do that assessment But you understand where price is likely I headed to or when like price might head lower Based upon busting through some of these key levels of support that you and I have already taken a look at that have held So watch 1413 watch 1432 if those things fail, then we're likely headed lower for cprx I hope that helps you out and it says um no buying But you might want to hold and as far as selling I'd hold off until we see closes below those levels out there So just adjust your stops. So I do hope that helps you out The next question was from alan the great who wants to take a look at boil Which i'll put up right here right now alan I didn't get a chance to put that up ahead of time But to give you you specifically asked about intraday And quite frankly you and I we don't really care about the intraday signals inside of a boil Meaning here if I put over a 30 minute time frame chart because that's not going to tell you and I a whole hill of a lot of beans out here What's going to tell us a whole hill a lot of beans is the actual contract So right now boil if you're long boil it is the june contract inside of natural gas that makes up the entirety of it Or at least it did as of yesterday Um So let's go take a look at natural gas and let's give you a better information out here So first with regard to natural gas you've got a potential rogeman Dementicator bottom pattern that would be triggered today if we get that bullish reversal candle and currently you've got a piercing Candle price is trading above the top of its daily profile What natural gas wants to do is move higher and that means at least go target $2 and 42 cents So therefore boil will also move higher if I take a look at a five hour time frame chart out here What do I have not much just a consolidation with inside profile the same thing on the 240 on the 120 minute chart We got a td9 count bottom that has been the bottom So that would say you'd want to be watching that low for further signals low of being 216 And price closed below that then what we should do is see natural gas head lower But here what we've got is a td9 count bottom It is now taking price to its breakdown resistance level of $2 and 25 cents So if the daily chart is going to get us to 242 We know that that td9 count breakdown level has to fail So your next very key ingredient your next very key level to be watching is going to be $2 and 25 cents on the june contract For natural gas if price clears that boil continues to add higher price doesn't clear that it hasn't been able to bust them up Doesn't mean it busted all the way down, but it just says hey We're still in this consolidation on the five hour and the four hour time frame charts out there I don't see any other kind of signals topping or otherwise So that's what I see when I take a look those intraday charts there Ellen the great for natural gas, which is really what you should be looking at if you trade ung or Boyle Steve Rhodes would tm plan would be back to take a look at the ym the dow interday charts to close out the show For roger inside the tiger's den If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom ylbrian 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 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educating investors 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 tygruses for just one dollar for the year There's no catch 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 Look at the intraday charts here for the dow equity future contract There's really two bottom patterns that have formed out here the first one Or really well the well the first one really taking place on the 10 minute time frame chart That was a nice td9 count bottom that pattern completed at 10 20 While that was going on we were getting a td9 count pattern pattern inside the dow equity future contract and that completed at 10 am out there So you had those two Inside the 10 minute chart here for the dow equity future contract You now have a td9 count top that pattern is going to complete as we go off the air So if this is controlling the movement here that says we should see a pullback towards the 33 273 level But I wouldn't make that move just right away I'd be watching to see because this td9 count bottom for the dow equity future contract roger It's targeting at 33 393 level when we went through those 30 minute charts a half an hour ago 45 minutes ago That's what we were looking at so that's likely to happen It probably was able to close them up 33 393 will obviously this a 10 minute td9 count will fail And that would suggest we moved to 33 661 Those the only two time frames that have got the signals out here On a daily basis, you know, you have pulled back into a swing point from back on may the fourth But you're still inside that swing point So it's not really releasing a whole lot of information It's going to be the 10 and the 30 minute time frame charts that you want to really focus in on If we take a little what's going on on a daily time frame, it looks like this could be day number four Of a consecutive move lower out there last time we had that well, we had one big move To the upside out there that was on may the fifth It typically don't get much beyond four consecutive days to the downside You did add one additional day back on march the 13th out here But um, so this says that the dow equity future contract should bottom today Or worst case tomorrow out there So that's what I see we take look at those intraday charts roge I hope that that helps you out and everybody as well I want to thank you so much for taking the time to send me those requests out there Whether it was hector by phone or inside the tiger's den I want everybody to have a terrific thursday out there sat p. I see it just coming in But it's too late. It's too late end phase energy. I wish you would have sent that earlier But let's make it to end phase energy Tomorrow folks stay tuned great programming lined up for you. I'll be back here on fantastic friday. Please have a terrific thursday. Take care