 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good day folks welcome to the May 31st the terrific Tuesday edition of today's Trader's Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one of the easiest way to do that Well, it's to always remember that life is happening for us Not to us That's right We do not make that one little two-by-four shift means we can find the gift in every set of Circumstance that life is gonna toss at us now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I I just passed one o'clock in the afternoon. Well, actually it's just past eight o'clock in the morning So if you are listening live, thanks so much for doing that We'll make this show pertinent if you're listening to the normal time frame slot Friday show We're gonna be recording between eight nine tomorrow and Thursday will be at the normal slot at one o'clock So let's go ahead and get this show kicked off. Of course if you are listening live We'd love to hear from you. You can give us called 877-927-6648 if you are listening live But you don't want to call it or you can't call in you can always send me an email like Hector here has Send it to Steve at tfnn.com and inside the subject heading please put radio show question Of course in our Tigers then well any in every ping will do so let's go ahead and get this show started on terrific Tuesday Hope everyone out there had a great Memorial Day holiday weekend. Let's get to the markets out here right now We've got equity futures trading lower. You got the Dow off 234 the Nasdaq off 26 That was seven tenths and two tenths six tenths for the S&P, which is 26 point The Russell is off about eight tenths or 14 points spot follow tunics right now is trading just above its 50 day exponential of an average That's not necessarily a good thing. It's gonna be the end of day reading It's gonna be important. We'll take a look at that during the show out here You've got trading over in Asia last night. It was a mixed bag You had the Shanghai close up 39 points on the Shanghai isn't a confirmed a to be equal CD to the upside The DK is also even though it was closed down 89 points It still wants higher price as does the Hangsang which closed up 291 points or 1.4 percent in Australia and the Australian 200 closing down 1% or 75 points a mixed bag over in Europe You got the DAX off 144. That's just trading between a resupply So it hit resistance and it's backed off and the footsie is up 30 boy 30 bucks And that actually wants higher price out there as far as the metals are concerned You've got gold trained down about five bucks. That's a quarter percent, but Silver's off two and six tenths percent two and seven tenths 59 pennies trained out of 21 50 plads up up a platinum is up 14 bucks Palladium is off eight dollars copper is up by two pennies lights recruit is up $3 and 31 cents straight at 118 I believe it's on its way to the 126 level natural gas. It's got a TD 9 count top out there We've taken a look at that. That's a trading down 34 pennies at eight eight thirty eight We've got the 30 year treasury. Okay, we're taking a look at the September a future contract trade out 139 19 That's off one point and 11 ticks out there. So what does all this mean? Well, let's go take a look at my little nine panel market update chart Friday was a gigantic day in the markets. I don't have to tell you but gigantic You had the ES mini get all the way up to resistance, you know that level we were and again we recorded Friday show earlier We're talking about the market rally. We gave you the targets I didn't think price we get up there in one day, but they did what they're being the top of its daily profile And that's at the 41 68 level now what price is done. It's gotten up to that resistance area It is backed off. It's trading inside It's a weekly profile at both this weekly and daily and if we didn't get a close about 41 68 That's gonna suggest a move up towards its descending trend line to the top of the profile in the 43 54 That's the upper left-hand panel that you're looking at With regard to the ES mini or the S&P moving higher It's all gonna be about whether or not that spot politics gets back below its 50-day exponents moving average It was back below on Thursday and on Friday. That's what provided the One of the elements that provided the energy for the markets to move higher So if the spot politics which is trading right now at 2782 the 50-day exponents moving average at 2746 The spot politics closes today about that 50-day level That's gonna suggest a further retracement or pullback could even be a top out there because price has run into resistance at top of that daily profile We'll take a look at the other charts and try to get some other signal information out of the NQ It's trading the inside its bearish structured Daily profile and that is between the price level of 12 622 and 12 995 the US dollar index formed a TD9 account bottom as long as the low holds the low by the way would be the low of Friday that low out there is at 10107 You see a close below that that's gonna tell us up for sure that the US dollar index is headed lower But right now what's likely to occur is price should go target the 102 30 level That's a top of a new daily profile for the September contract for the US dollar index Goldilocks run into all kinds of resistance You've got all kinds of trend line resistance. You've got the top of its profile daily profile 1879 So a lot of resistance there that it's trying to get through silver Found resistance at the center of its bearish structured weekly profile So what we know out here is a real key level for resistance to that 22 26 Again, that is the center and at the center of a weekly profile or a daily profile I think type of profile is where you have both buyers and sellers when that center line is close to the top Then it is to the bottom. It's considered to be bearish in structure right now You got lights we crude trading above its prior high at 1 1643 if it closes above that today That's gonna suggest a move up to the 126 level natural gas which formed a teeny nine count top Last week could be Signaling to you and I the price gonna go target the top of its daily profile old resistance that could become new support That's at $7.63. So if we take a look at a 30-year treasury out here It for four days four sessions in a row. It's right above the top of the daily profile, which is 141 06 It may close above that today right now. It's trading below that at 140 22 It price does close back above that 140 106 level out there that's gonna suggest to run to the 14407 if it doesn't the price is pulling back then it may be simply pull back into its bowler structured Profile level that's your support area. That's between 138 13 and 139 0 3 so that's what's going on overall But let's go to the play-by-play out here that one set of charts This is all you need to know with regard to the rest of the day's action out there Actually, it's with regard to the at least the early morning trading out here We're gonna go take a look at the four equity future contracts for their 120 minute time frame They're two-hour time frame Why are we doing that because this is where we have synergy what you and I love to have is when we can get each Of the four equity future contracts that are all lined up and are jittering the same kind of message out here now What is that message? Well what you can see Make sure yeah, I've got the right just charts up on the screen To our time frames each of them have formed TD nine count bottoms as we were coming on the area at 8 o'clock No, it makes those lows as a two-hour chart So the bar that just completed was the 8 a.m. Bar the bar that we are in right now Is the one that goes from 8 to 10 so you really won't have much information until about 10 o'clock What's the information you're looking for? Well, it's this if the ES mini closes below 41 21 50 as we come to the 10 o'clock time frame Price is going to go target 40 50 150. That's just TD nine count breakout level the NQ The area to watch or the price level to watch is 12 6 15 50 you close below that We're headed down to the 12 to 44 level will come continue looking at this set of charts here We come back from this break them go take a look at lights we include Steve Rhodes with TMN great the traders edge with Steve Rhodes All now told the time of booming inflation. 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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 founded 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 market's 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 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 called Tiger real estate LLC today at 727-329-8322 or email us at tiger at TFNN comm that's 727-329-8322 call us today Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks get down equity futures you're down to a four right now in Aztec's op 33 S&P's off 24 Russell's down 13. We're take a look at the 30 minute I'm sorry the 120 minute time frame charge here for each of the four equity future contract We covered the ES and the NQ so far the Dow the YM the level to be the number to have down on your pad of paper is going to be 32 894 if there's a close up below that level well now it doesn't have to necessarily be 10 o'clock it could be By noon, but the chunks here the hours for my charting application It's going to be a 10 a.m. 12 2 and 4 with regard to the 12-hour time frame charts out there So any closes today below these levels again, it was 41 21 50 in the yes 12 6 15 15 in the NQ 32 894 for the Dow and the number in the Russell is 1869 if each of these closed below those levels out there that's telling us we're looking at lower price on the 120 minute time frame chart because price will have failed at that level and each of these have well Which would suggest to move to their breakout areas 40 51 50 in the yes 1244 12 to 44 that is in the NQ 32 564 for the Dow and the Russell would be an 18 3570 otherwise if those areas hold because we've got TD 9 count bottoms And what price should do is make its way up towards resistance words resistance well right now in the ES mini That's at about 41 58 in the in the NQ. It's at 12 7 56 In the Dow It's really going to be give me a moment here 33 33 205 33 205 in in the Russell it'd be 1887 that would be the resistance that's coming from this 120 minute time frame So we got nice synergy here that makes it pretty easy the difficult This it's a two-hour time frame requires you to wait and be patient in order to get the proper signal out there Let's go to our first question out here This was from John and the Tigers Dennis questions about lights weed crude So let's change over to our eight set of panel charts out there and the question was Are there any signs of short-term? ST short-term charts is playing topping signals. I didn't really see the ST earlier out there So short term the answer is yes Daily weekly monthly the answer is no so let's go take a look at the bigger picture We'll step through each of these out here on a monthly time frame What we have out here the only thing that we have is a bear a shooting star candle now It's pretty tough, but you know, is this an a to b equal CD pattern? It might be so in other words if we draw the a to b line out here It'd be I would draw it that looks like probably really look like this And then there was just simply a one-month pullback out there if we take this a to b line Let's move it up here to where that would be Then pull this off this side. So yeah, so you've got let's say a confirmed By sell the d-point that confirm with that bear a shooting star candle So that says that that is your level of resistance that becomes a price target though prices trading inside that swing point that level By the way is at the 125 83 So likely price is going to go target that level now if it can close above that then these sell the d-point for the Monthly time frame will have failed that suggests higher price out there the weekly time frame chart The reason why I suggest that or the charts are suggesting that price should continue higher and that price will go target that Shooting star is the weekly time frame weekly time frame has no topping signal whatsoever Yes, if there were a bearish reversal candle like formed it would generate a rose momentum indicator top But price would also need to close below that green oscillator and change on otherwise a signal would be neutral But right now at 822 in the morning the signal here is nothing but neutral it is flat out bullish We take a look at the daily time frame out here You are going to form bar number six today of a TD 9 count or you should form bar number six That says that so let's come back and take a look at this on Thursday and Friday That's when you could get the beginnings of a TD 9 count But otherwise on the daily time frame everything here looks very bullish price is trading above the high from March 8 March 8 was a Day that with that the body of that candle was engulfed by the prior by the following candle Gave us nice bearish engulfing and it says resistance is the top of the highest high of those Candles that were engulfed that's at the 115 oh four level. We're trading above that were it went 1865 So you're trading above a natural resistance level this suggests higher price But the question was now that I see it clearly where then he short-term topping signals and the answer is yes The 30-minute chart out here has a rogment and indicator top that confirmed at 6 30 this morning And price is just trading with inside its daily pro or it's a 30-minute profile If price closes John below 118 37 certainly too consecutive closing below that though a price should do is go target the 1741 level that's the message of the 30-minute time frame chart the 60-minute chart out there I Would likely believe I can draw in an A to B equals CD pattern and we can do that We've got the bearish reversal candle again price consolidating with inside its profile So you'd be looking for a close in here on a 60-minute time frame below 1825 to then suggest a pull back to 115 Otherwise you just have a consolidation after a top. That's a pretty normal pattern out here The 120-minute chart has a TD 9 count top that's in play. This could take price back to 1775 a price close below that then you're looking at 115 60 TD 9 count top on the 240 Well the cool thing about that pattern here just like we did for the four equity future contracts for their 120-minute time frame If price does close John above this TD 9 count top that means a 1943 that's going to suggest at least on the four-hour time frame a strong momentum to the upside Otherwise this TD 9 count should result in price pulling back that oscillator and change line 117 79 and if we look at the five-hour time frame chart it appears that this will form a TD 9 count top as well But you know that top can form on the bar following bar number 9 So you'll get the confirmed TD 9 count top at 9 a.m But the question is you've got to add more five more hours to that so at 2 o'clock as There could be a higher high and still have a TD 9 count pattern for the five-hour time frame chart So hope that answers your questions and again the question was does anybody see any short-term topping signals inside of? Lights we accrued and we've covered that clearly But remember the larger trend that is still in play here the daily weekly and monthly are all suggesting that price should continue To move higher so do hope that helps you out the next question was from Hector and Patty They are what we refer to as our fuel injectors out of Hawaii just simply did All those years ago and Hector and Patty say a happy early bird taco Tuesday back at you Is X is X on mobile still building cause and Google has a high volume daily high election year This thing is a cash cow to the charts tell us it's headed to a top sooner than later So let's take a look at Google first out here, and I'm just gonna look at the patterns I'm not gonna go show the high volume daily high. I trust you on that. You're good. You're a good technologist So So I believe you there what I want to do is just go take a look at the chart patterns here And for that we'll go ahead and use our as soon as I can find it Oh, it's all the way up here We'll use our multi time frame set of charts to figure out what that Google is or is not doing so we take a look at The monthly time frame chart here for Google said a nice roads momentum indicator top a TD nine count top And it took price back to its support area in this case here support area because they bullish structured monthly profile So Hector and everybody else listening and that's between the price range of 1959 to 2176 Price is pulled back after forming a top into a support area The weekly chart last week was a bullish hammer candle and that confirmed a Gartley buy pattern That suggests around a 2463 Hector and Patty will get back to this rake We'll continue looking at the church for Google. No switch over take look at Exxon mobile for you see roads with TFN 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 TFNN has just launched their new trading room the Tiger's Den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tiger's Den available to all Tigers and 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 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 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 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 Tom O'Brien has just announced a live timing the trade webinar Friday June 10th from 9 a.m. Until 2 p.m. Eastern Time join Tom O'Brien for five hours of live Education as he teaches you his trading methodology right from his best-selling book the art of timing the trade your ultimate trading mastery system In this live webinar Tom O'Brien will be teaching you his entire trading system including quality volume ABC structures Fibonacci confluence zones cause and effect swing points and more we will be limiting this class to 40 Attendees so please do not delay and reserve your seat today for this special live event with Tom O'Brien All attendees will also receive a physical copy of his book the art of timing the trade an $88 value mail to you along with the free month of his daily newsletter market insights a $169 value for all the details and to reserve your seat today. Visit the front page of TFNN.com TFNN educating investors Welcome back folks So we're taking a look at the charts here for Google which last week have formed a nice bullish hammer candle that confirmed a Gartley by pattern that that was a one that was an a to b equal cd to the downside was more than a one-to-one The way that we know that that completes is because the market communicates to us How does it communicate to us it communicates to us by generating bullish and bearish Japanese candlesticks out there? And we had a nice hammer candle now on the daily time frame We had a road meant to indicator signal that also formed with a hammer candle But it was also gap to the downside so it was uncertain on May 24th. Which of the two was correct? Well, we now know that the two that it were though the the the correct signal was a bottom signal out there And that that was proven again on Friday when price repaired that gap to the downside actually did it on Thursday By closing that that gap repairing that window and then you had a gap to the upside on Friday out here so where the real resistance level is for Google Patty and Hector is going to be at the Oh, I take that back. There's a new profile that formed out here. Give me a second So the top of that daily profile is Oh, she's price closed above it Interesting, okay, so on a pullback, let's say we get a pullback out here, which right now We're not sure right we're gonna we're gonna if we get closed below those TD 9 count bottoms out there Then that says we get a pullback. We should not be surprised by a pullback by the way The market is very Overbought very very overbought out here so if we do get that pullback then the level to be looking at for an entry into Google and It's very difficult to see on this a white background chart here But it actually formed a bearish structured daily profile out there And so the ideal spot would be at 21 34 28 Do we have any signal right now that that's what price is going to know but in preparation? You'd say either the oscillator and change line, which is around the 21 64 is level So I'd say 21 34 to 21 64 Hector would be where you would be looking at for Google out there So it looks pretty good. Let's take a look at the other instrument You had an interest in which was Exxon mobile and in the case of Exxon mobile Your question was is still building cause for higher price out there. I believe and so let's give this just a moment here For these charts to populate XOM is the ticker symbol that we're waiting for here And as we take a look at the monthly time frame as it populates Let's see here. We've got bar number nine that is going to complete this month now That suggests on a monthly basis. We could see a top form in Exxon mobile between this month and next month So by the end of June, we may have a monthly TD nine count top completed The reason why I don't think that it's May that is the top on the monthly basis for Exxon mobile today is May 31st If we look at the weekly chart rolling bar number five of a TD nine count price above its green oscillator and change line Price is above the top of its profile. That's our old Buller signals out there So, you know in order for a monthly to top you'd like to see the weekly and then the daily We'll shoot in the case of the daily on Friday. What price did was it negated? It's TD nine count top by closing above the bar following bar number nine That is a very strong momentum move signal to the upside. So not really building cause so to speak here It's just simply got all the signals that it wants to continue to move higher Hector And Patty so I see a couple of short-term signals from a top in a 30-minute chart I went from the 130 minute chart But nothing of significance at least at this date because no levels of support were broken on Friday today is obviously Another trading day when we take a look at Exxon mobile the charts are suggesting that they want higher price Hector and Patty So hope that helps you out. Thanks much for taking the time to write in the next question. Let's see here coming from Matt Hope you and your family had a great holiday weekend We did what do you make of the footsie hanging at all-time highs? You've eaten you wrap had yet to wrap your head around it. So with regard to the footsie out here Let's take a look at it's a chart right now. The footsie is trade out at 76 25 Let's take a look at I put on this three panel set of charts out here It's gonna be the easiest thing for me to do right now. There we go Let's get this popular to ignore Matt. Just ignore if you would the oh geez got a lot of stuff out here Let's clean these charts up. Just a tad. There we go. So we take a look at the footsie out here It's traded back into a bit straightening back into a potential resistance level Matt, which is just simply the If you take the high from February 10th, and you take the high from April the 8th to draw a little line across that That's likely where price is targeting out here There is an A to B equal CD to the upside pattern that is also informed. So and this this actually well Let's start here this form to Gartley by pattern. Let's take a look at that So the Gartley by pattern the high out here I'm usually the high of April the 11th The low is going to be the low from April the 25th and the C point is going to be the high from May 5th So you can see this formed a 1 to 1.272 A to B equal CD to the downside that created a Gartley by pattern because you had that nice move off of the Lowes from March 7th all the way into the high that we used out there on the April 11th time frame So all Gartley by patterns have five different potential outcomes I'm sure that you you're saying you can't wrap your head around it because you're you're expecting Anticipating that the markets overseas are just you know just in in horrible shape out there But let's just trade the chart patterns, you know and not deal with them because right now This is really a show about technicals not about fundamentals so to speak nothing I'm against fundamentals just simply this is really about Technical charting patterns out here looking for patterns that repeat and so I mentioned there's five different outcomes So the first three outcomes are retracements They've already done that the 382 the point six one eight the point seven eight six We're back to that fourth one which is basically a hundred percent move of a move That says that we want to watch the high out here. The high is actually That's the same I 76 69 56 whether it's the April 8th higher the following day side So if price closes above that then you're looking at the potential of outcome number five an outcome number five is That this turns into an A to B equal CD to the upside So don't have that confirmation just yet But if price does close above that hundred percent move of a move signal out there Then you're looking into A to B equal CD that could take us up to the 80 40 level out there And that's what's coming from the daily time frame set of charts out there I Don't know this is weird I don't know that there's anything else that I can provide to you You don't know what's weird at my phone must have done an update and now the mailboxes seems to be all screwed up out here Thank You Apple You've read usually basically you've said you you've yet to wrap your head around this I don't know how to help you with that other than just simply from the charting patterns out here, but price excuse me Price is running into resistance. There's no doubt about that, but if it could take that out Matt, you're probably gonna have to wrap your head around the fact that price wants to go target the 80 40 level out there and that just simply what the message of the market of the footsie charts out So I hope that that helps you out Thanks so much for taking the time to write in we had to be was I showing those shirts? Oh my goodness gracious I was not son of a gun. Okay, hold on a minute here. I'm gonna at least go back and show those charts out there Stevie had a little brain contusion or brain fart out there So here in the daily time frame again, you can see the a to b equal c did I've drawn in you? Don't see the Gertlie by pattern. That was the one that that bottomed out here around May the 12th and So I'm sorry about that Matt if you need anything else just a write back to me And I'll I'll send you something my pleasure to do that So let's switch over go take a look at a couple requests that have come inside the Tigers did and folks Everybody should be a member of the Tigers and it costs you $1 a year out there. I mean what a what a great What a great way to look it's always about the company you keep out there And I'd like you to keep our company here with the group at TFN Yeah Yes, I think things are working out right for you That it's always good to get new voices. I say it's always good to get new voice You just gotta listen see approach with TFN. We're right back We're gonna take a good gold fields and then the 10-year note and looks like am am Jen as well. I'll be right back 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 the 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 TFN and calm don't miss out on the next great gold trade sign up today 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 called Tiger real estate LLC today at seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com that seven two seven three two nine eighty three twenty two call us today our China a shares hot or not if you trade China a shares now may be time to take a closer look trade CHAU or CHAD Directions daily CSI 300 China a share bull and bear ETFs China a shares in either direction visit Direction investments comm 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 up folks and thanks again for joining me early this morning. It's 842 in the morning for listening to the normal time frame Thanks much for doing that. We will be recording Friday show between 8 and 9 as well So hope that you can join us there. We'll be back to the normal programming hours tomorrow and Thursday So we're gonna go take a look at gold fields out here Switch over to our multi-set of time frame charts out there and on the monthly time frame We've got a confirmed rogement of indicator top out there. That says price could be targeting 935 The weekly time frame. I don't have any kind of a top or bottom signal here So but support would be a 1020 on the daily time frame for gold fields all that I have is a consolidation with insight It's a daily profile. So your resistance level here is going to be 1250 a Support on a pullback would be between 1097 and 1128 We say that because of the bowler structure profile out there now Is there an a to b equal CD to the yet downside out here? And the one that I would use I would look at this high out here from April 18th I go to the low of the 25th and I'd go ahead move that Bar so move the a to b level just see if we did get a one-to-one extension out here And we really didn't and we really did not get a a to b equal CD to the downside So in the case of gold fields, it's for me from a technical standpoint the tools that I use Don't show the body bottom that does not mean it hasn't bottom Just means that the tools that I use that show bottom are present So what you'd be looking for here is if price can close above resistance 1250 that would give you a change in trend the character signal certainly to Consecutive closes above that so right now you've got resistance in 1250 support between 1097 1128 There's nothing else that I can add on the a gold field GFI Set of charts out there So I do hope that that helps you out there was a question to take a look at the 10 year note out there So let's go switch over to those charts. This is the September contract that we're taking a look at the daily timeframe I don't have anything out here other than prices back inside its profile Maybe targeting the oscillator and change line in about the 118 and change level out there Price on a five-hour timeframe chart suggests that a TD 9 count bottom will come pleat by Well, really to 2 o'clock. You're gonna get a confirmed TD 9 count bottom at 9 a.m That's gonna be bar number 9, but prices below the breakout level of 119 oh 9 and so it could be the TD 9 count that takes place on the bar following bar number 9 That would be between 9 and a 2 p.m The 120 minute chart if it could get a bullish reversal candle would confirm a roach momentum indicator signal That's the same for the 60 minute chart no bottom on the 30 minute chart nothing on the 15 nothing on the 10 Nothing on the 5 minutes. So all this is suggesting a bit lower price move inside of the 10-year note out there I hope that is a read. I hope that that is what Hope that helps out Whoever requested that my apology. I just wrote down the the request not the not the Not who wrote it the next one that we're gonna take a look at is so you say right now It's trading at Jeff Goldfield's train at 1093. So if it's trading at 1093 Then I'm gonna suggest this back to the Goldfields question. Here's what let me just switch charts out there And I'm gonna suggest that you be patient and the reason is is because you know that that may be support So here's here's the here's the answer saw number one You don't know what kind of volume it's pulling back with But it's trading into the swing point from May the 12th that has volume of about 11.8 million shares out there It's trading below the bottom of its bullish structure daily profile But it's also trading 1093 is basically trading right into this trend line So I can see where you could take the long trade But you would definitely close it out So it'd be pretty simple trade you would close it out if you saw close below a lot 1067 out there That's the low of that mates wealth level That's one way to deal with it another way to deal with it is let this trade for a little while and see what happens Do with these areas of support hold because if they don't hold then that tells us well You could pick up Goldfields at about 1058 which would be the bottom of its weekly profile out there So that's how I would take a look at that at this stage here Especially at at least 846. So those are your two options Choose whichever one is appropriate for your trading style out there So let's go to the next question, which was to take a look at Amgen now. We're gonna have to get over to those charts I'm gonna have to populate them. They'll take just a moment AMG and it won't take that long And then you know, but then we're gonna take a look at the euro for Peter and Park City out there So let's just give this a moment. I'll go take a look at what charts. Oh, I'm on the black charts Anyway, so I'm gonna change this over to the white background charts So we'll take a look at Amgen. This are the eight panel set of charts out here Well, let's that get that populated AMG and closed out the trading session on Friday at No good Lord at The price point at 255 26 and that was above the top of its daily profile But running right smack dab into its TD 9 count breakdown resistance or 255 90 I don't know what today you could get a TD 9 count top in Amgen that would form between tomorrow So this is be between Wednesday and Friday out there the monthly time frame still has a roadsman deminicator top out there So resistance is up in that 280 level the weekly time frame and A to B equals CD so a Gartley sell pattern that was formed with that shooting star No, if jam jam if Amgen can take out that level that means a close with 258 39 on a weekly basis That's gonna be a signal to move back into the 280 area out there That's coming from the weekly You're above the profile on the monthly so Amgen really should run higher now I don't know what's except for that daily time frame So you need to see the close of up to 5590 suggest a further move higher But that also is gonna then potentially trigger a TD 9 count says well I say move higher, but that might mean a move higher for today and tomorrow Maybe maybe the following day is a well out there But that's what I see when I take a look at the Amgen charts as far as the intraday signals out here I do see some topping signals, but no levels key levels of sport that have been busted through I would use 250 3 as a key level of sport if you see a close below that Amgen is likely headed lower So now let's go take a look at the Euro here for Peter in Park City The Euro I believe has formed a TD 9 count top at a moment We'll get to those charts here and that will confirm that for us That would mean that we would expect the Euro to get weaker the US dollar index to get stronger So on a monthly time frame the Euro is going to complete a TD 9 count bottom This is the bar following bar number 9 on the weekly time frame chart It has a by the D point pattern that got confirmed a couple weeks ago as long as price remains above that Oscillator and change line you should see a further move higher. However However, the daily time frame for the Euro confirmed a TD 9 count top The exact odds of what the monthly chart says here. So what does that mean? What that means or what the likely outcome should be here, Peter Is with the valid TD 9 count top on the daily time frame price should target its oscillator and change line That's currently about 105 9 that will change as price moves higher or lower In if that level holds and we see price move off of that That's probably a signal of a buy point and perhaps an a to b equal cd to the upside out there If that level doesn't hold Peter then price should come back to 104 28 And if price goes below that then it's probably curtains for the Euro the monthly TD 9 count bottom may fail out there. That's a downside action Now we don't have them just sharing with you what to look for and the what to look for right now It's really being driven by the TD 9 count top on that daily time frame. So yeah, we've got one on the monthly Watch the daily for signals out there. I don't see anything really on the intraday charts here to assist you So that's what I see when we take a look at the Euro. I hope that it helps you out That was Peter in Park City And so I'm going to get the smh charts here fired up. We'll get those on the black background charts This is for Nicholas out here during the break. I'll go ahead and put those on the white background charts as well But here's what we know about the smh's they closed above the top of their bearish structured weekly profile On friday, you get another close up 237 60 That's really a breakout message to suggest to move to the 256 29 level Steve Rhodes with tf&m We'll be right back to close out the hour here Just a few The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tf&m, we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter They must have tool for every trader out there striving to find an edge in today's markets tf&m newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30 day money back guarantee Just visit the newsletters tab on the front page of tf&m.com tf&m 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. 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That's tf&m.com then hit watch tiger tv Yeah folks, so we'll take a look at the uh Multi time frame set of charts for for the smh is what we know is that Formed a nice roadmap to indicator top on a monthly chart price pulls back to its breakout level support To 16 14 on a weekly time frame You don't see it here But there was a three drive to a bottom pattern that formed with this bullish hammer candle You also had wave number seven s letter gc and two bottoming signals and what price is done here Nicholas's price went right up into its oscillator and change line the actual print is 245 56 You close at 245 64 pennies above that level on friday You're trading below that now, but that's a real key area price is able to close above the red Oscillator change on a weekly time frame that'll answer your question We'll price get back to the swing point high from may the uh fourth out there now that Swing point had volume of about 10.4 million shares You moved into it on friday with the 4.6 million shares But nonetheless you get above you close above that red oscillator and change line That's going to suggest that the smh would go target the 270 Level that's the center of its bullish structured weekly profile that price closed below that level So there's nothing else that I see out here Uh, it does show a short term topping pad that might form on the uh 130 minute time frame chart the 65 minute time frame chart So the fact that it's pulling back just a little bit this morning is um, is really to be expected out there So let's close out the show by going and taking a look at those 120 minute time frame charts out here Oops, uh, let's get to those charts I just see if there's any new signals since we began Our show together this morning and the reason we were looking at the 120 minute If you're just joining us late here is because each of them form td9 count bottoms as we came on the air at 8 o'clock this morning And uh, the levels to be watching there for support close and below these it would suggest lower prices 41 21 50 12 6 15 50 so it was a yes Last one I gave was the nq 32 8 94 for the dow equity future contract the russell is 18 69 At those levels hold the price should move higher And if those levels fail Price should move lower out there folks. Stay tuned Tommy O'Brien is up next with the morning market kickoff if you're listening at the normal time frame Then david white will actually won't be listening to this message here So just stay tuned for tommy o'brien and i'll see you tomorrow at the normal programming time on wonderful wednesday Have a terrific tuesday folks