 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 afternoon, folks. Welcome to the June 16th, the terrific Thursday edition of today's Trader's Edge Show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. The easiest way to do that is 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. It means we can find the gift in every set of circumstance that life is going to toss at us. Now, today, you and I, we're going to 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 just passed one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this. During this next 60 minutes, really about 53 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648. Now, if you can't dial in, we've got you covered. You can always select your fingers, do the walk-in. That means go ahead and send me an email. Send it to Steve at TFN.com. And inside the subject heading, please put radio show question, of course, in our Tigers. And well, 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 Rhodes. Welcome to the show right now. Got all the U.S. indices training the downside. Got the Dow off 586. S&P's down 105. NASDAQ 408. Russell's off 73. Semi's down 160. That's nearly 6% to the downside. Trend is off 3% or 442 points out there. You've got gold tradeout at 1852, likely on this way to 1879. Silver trade at 2194. Lights recruit up at 117. Even Steve, a natural gas tradeout at 762. And the 30-year treasure of 23 ticks, 133.04, is the print there. Dollar-wise, the upside, stock-wise, it's mostly ETFs out here. What's the stock? Latest technologies holding up $6 or 36%. That's a good move. Total capital, that's up 5% or 3%. Otherwise, it's all ETFs to the upside. To the downside, it's not all ETFs. It's booking holdings off 115. Google's off 70. Tesla's off 55. Mercado Libes down 46. Chipotle's off 43. So we've got some movers and we've got some shakers out there. So let's begin by taking a look at what's going on the play by play, the intraday chart out here. And we'll take a look at the ESMini to begin with. Look at the ESMini and the NQ. Give me a moment here to change our window screens. And here you've got the daily in the left-hand side. You're going to be forming bar number seven today. That says that we could anticipate a TD9 count bottom to form between Friday and next Wednesday. We're off on Monday. Well, really, let's say between Friday and next Tuesday at this stage here. If we take a look at the five-hour timeframe chart, the five-hour timeframe chart does not have a bottom pattern in play as we speak. That TD9 count that it did have has been negated. It does have a Roachman Dominicator signal that's been triggered, but that needs a bullish reversal candle to confirm that pattern. Even if it did get confirmed, we can tell you that 38, 39 is a key level of resistance for the ESMini. On the other intraday time period charts out here, just looking to see if I can find any kind of bottom signals. I've got to go to the 15-minute chart. That says that price would need to close above $36.98 to suggest a further rally out there. Ten-minute chart. I mean, we're talking about real intraday time periods out here. So there's no bottom of any significance, at least at this stage of the game, has formed. If we take a look at the, not natural gas, give me a moment here, the NQ's set of charts, same set of charts. This is going to take a moment to run out here because I do happen to have a number of windows that are open in anticipation of some of the things that we'll take a look at today. It won't take too long, but in the case of the NQ, yesterday, the interesting thing is it confirmed a buy the D point bottom. That says that if price closes above the high, the low from Tuesday, the low from Tuesday is the support level, and that's at $11.236, we're at $11.200. If the NQ closes above $11.236 today, it will still retain that buy the D point pattern. If we take a look at the five-hour time frame chart right now, it's hard to say this pattern, this candle, I should say, does not complete for another 50 minutes out here, 49 minutes to be exact, and if price closes below $11.285.25, then it's going to negate that pattern, and then you do have a Rosemont Dominicator signal that's triggered. We need a bullish reversal candle. From an intraday standpoint, the only bottoming signals out here, again, 15 minute, 10 minute, five minute chart, five minute chart says a close above $11.221.25 should lead to higher price. That higher price is likely $11.262 to $11.285. The real key level resistance out here for the NQ is $11.714, the top of its five-hour time frame equity future contract out there. So that's what's going on short-term. How about the bigger picture out there? Well, when we take a look at the bigger picture, it's basically ugly. We say ugly. If we take a look in the upper left-hand corner, you've got the yearly chart for the Dow. The Dow was very close to trading below last year's low out there. That is a very bearish message. If we take a look at the monthly time frame chart, it's got that Rosemont Dominicator top. That suggests that price is going to go target $24,843, or $30,000. That is over time. It's not going to happen tomorrow, but that is currently its price target. There is a short-term possible level of support. We're talking about the Dow cash indices. I'm just looking at the top row out there. As you can see, price is at or near a TD-9 breakout level of $30,014. If that holds at week's end, not that that's a bottoming signal, but oftentimes pulling back to a breakout area can form a bottom. Maybe just short-term, likely would be just short-term here. The daily time frame chart today should form bar number seven. There's no other bottom signal that is present out here. Not that one couldn't form today, but it's going to require one heck of a rally. Odd's favor here, that the next short-term bottom would form between tomorrow and next Tuesday, Tuesday, Wednesday. If we take a look at the Dow Equity Future contract, that's trading below. That's trading on the level below us. Nothing of any substance. Well, I can say that on a daily basis, the Dow Equity Future contract did form a nice bullsash candle, and that confirmed on a daily time frame A by the D point. That requires price to close back above $30,018 today to retain that. Now, you'd have a buy the D point on the Equity Future contract. You will not get that on the cash indices. If we go move over from the Dow charts and take a look at what's going on inside the S&P 500, if you give me a moment, we'll get over to those charts. On the S&P 500, what we've got is you are very close to trading just like the Dow below last year's low. Again, a bullish signal. Price right now, now the month is not over. It's only the 16th, but price is trading below the breakout level on a monthly basis, $37.23. Typically, when you close below one level of support, you go to the next. Now, we're not the end of the month. But if we do close below $37.23, then $29.65 becomes the number to the downside. In the weekly chart, it's already supporting that. Why? Because price is trading below. It's next week, it's taken on one level of TD breakout support. We're now trading below level number two, which is $38.19. This suggests that price wants to target on a weekly basis, $32.79. The S&P, like the Dow, has a bar number seven count, so we could get some type of short-term bottom between tomorrow and next Tuesday. See if it holds to a TF and N. We'll be right back. At the time of looming inflation, we have purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. Vista Gold's flagship asset is the Mount Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. Vista Gold just completed the Mount Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. This distinguishes Mount Todd as an attractive, devious pot, ready-development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. 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. Toll free at 1-877-927-6648 internationally at 727-873-7618. House Office 608, S&P 108. Let's go out to Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing today? I'm doing quite well, Steve. How are you? Excellent. Thanks so much for asking. I know we're going to talk about Microsoft. MSFT, folks, is the ticker symbol out there. Tell me what I can help you with. Well, I had that one stock and then also one ETF that I was looking at. I just observed that they put the market going to lower lows. Those stocks were still, I think, at least at that low of the other day or maybe a little bit above that in an IBD where the two I was looking at. So I was hoping you could take a look at them. I'm not thinking about potentially doing a trade either this afternoon or maybe tomorrow, just at the end of week trade. Okay. So with regard to Microsoft, the cool thing about that in taking a long trade there is that you have a brand new bullish structure daily profile that formed. So you now, and what's nice is you know that support should be between 244.78 and 248.04, exactly where it's trading right now. Resistance is going to be 257.85. Now, it's not just the profile that makes that an interesting look out here. It's the fact that you also have a confirmed, well, do we have a confirmed A to B equal CD? There's a number of them out here. When I take a look at the daily timeframe chart, Brent, I would use the high from on November 22nd as my A point. And then, yeah, so then the only real A to B equal, see there's really only one A to B equal CD pattern, the way that this is setting up March 8th would be the B point. And the C point out here, what is, let's see, 315, 315.82, 315.95. That's going to be the high from March the 30th. So it hasn't really completed the one to one. Visually it looked like it did to me, but now that I pulled the chart back and used the proper A to B equal CD, markings out here hasn't really completed. So the daily isn't, you've got a nice bowler structure profile. I think it's just a little bit too far away, which is 236, that one to one price projection out there to call it a confirmed by the D point. Let's go take a quick peek at my white background charts out here because what we're going to see is on a weekly basis. Granted, I show that same A to B equal CD pattern. And even though that's not going to complete, what the weekly chart is going to do, or it appears will do, is form a TD9 count bottom this week. So no, that's a bottoming signal on a weekly basis. So let's open up this chart here. This is going to be the bar following bar number nine. And even though prices below its breakout level of 249.81, what you like to see is some type of bottoming pattern happened right around where price had broken out. And that's what you've got. You've also got wave number seven. That requires a higher low next week to confirm that pattern. This would suggest that price would bounce up towards its oscillator and change line that's currently printed at the 270, 29, 270, 30 type range out there. So any other timeframe, let's see charts out here, no other real significant signals that I see. So based upon that information, is that enough for you to consider taking that trade, a weekly bottom signal, not so much on the daily, but at least you've got a new profile to contend with out there? Does that, or at least does that give you the information you were looking for? It does. There's actually two other things if you wouldn't mind if we have a delay here. So when you have the black chart up, black background chart up on the monthly, you would have to expand it out. But just looking at it visually, I mean, it looked like there was red bars, then a green bar, and then red bars. It said almost like there was a bigger AB equals CD. But again, I was looking at the chart kind of compressed, so I can't really tell what that's expanding it out. Yeah, hard to. So in order to do an A to B equals CD on the monthly timeframe, I would have to use the same candle as my B point and my C point. And that would be the candle for the month of March out there. Because March made a slightly lower low than February. So that could be the low that we would use. The next month, April had a higher low. And then when we use the, when we use a low, we've got to go towards the highest high. Turns out it happened to be during that month of March as well. I don't really like you. It's not that you can't, you can. So on a monthly, I'm not so sure about the A to B equals CD pattern. But what we do know in the case of Microsoft is it is trading below the bottom of its bullet structured monthly profile. And I've got the black background charts up there for you right now. Because of that time delay, you may have noticed on the monthly timeframe chart, that suggests that Microsoft wants to trade down to 211.94. And that's its breakout area. But the weekly does have a valid bottom, very much like the NQ does out there, very much like these semiconductors. But they are the only indices that have the NASA composite as well. They're the only indices that have the weekly TD9 count. So not completely sure what to make there. But the NQ we know, or the NASDAQ and the semis are certainly strong enough to lift the market's hire out there. And then if you wouldn't mind, I mean, you kind of had them up there, but on the white background, just are you showing anything on the, you know, 30 minute, 60 minute, anything in that range, or any of the shorter term, like any kind of bottoming patterns, potentially or not. I don't have anything there of significance. Was there some bottoming signals that led to a rally? Yes. You know, that was really taking place more yesterday than it was today. So those bottoming signals are still out there. Very much like you said, price hasn't taken out the lows of yesterday or the day before. The price is pulling back to that level of support, potential level of support. That's that bottom of that new daily profile, 244.78. So I think it's kind of easy because the price close below the bottom of that daily profile, you know, you'd probably jettison the position, the trade. Okay. And if you wouldn't mind, I don't know if there's time or not just to do the IBB. Sure, sure. Let me do this here. Yeah, I would ever. It doesn't IBB you with the one I was looking at. Okay, so we'll pull up the IBB. We'll just look here folks at the daily, weekly and monthly timeframe chart should be quicker to populate this three set of charts out here. And so in the case of IBB, on a monthly basis, you're going to get a TD9 count bottom this month. You can get a lower low next month and still maintain that pattern. On the weekly basis, you have a confirmed rogment of indicator bottom. And that requires that price close the week above 105.39. You're 105.68. The daily timeframe for the IBB has rogment of indicator signal, but no bullish reversal candle just yet. So this looks like maybe you get that tomorrow. You could still get it today. You could end up with a hammer candle on the IBB and then that would give you your signal there. So you got a nice potential bottom on the monthly, you've gone on the weekly. You'd just like to get the daily now to give you some type of confirmation on the daily for the IBB. The bottoming signal could be a retest of that prior low. And the prior load I'm referring to was from the date of May the 12th out there and the volume was 4.7 million shares. That was tested on Tuesday with 2.6 million shares and it's being tested right now with about 1.6 million shares. And I know that you take a look at certainly a test of swing points on lighter volume. So that's what I would see on the daily timeframe for your bottoming signal. I prefer to get a bullish reversal candle to confirm that rogment of indicator signal though. Does that help you out Brent? That does very much so. It's not a lot different from Microsoft. Basically in the analysis though. That helps. I really appreciate it and those are two that I'm looking at. Like I said potentially do a trade for the Friday trade. So thank you so much Steve. I hear we're coming to a break here. You have a great weekend Brent. Thanks much for calling. That was Brent in Martinez, California. We come back. We're going to go look at the GDX with John in Philly. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metals sector as well as the markets that move gold which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. 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The answer could be yes or no, but I'd be interested to hear you just address that with your tools. So I appreciate you doing that. And if you don't mind, I'd like to listen to your response off air. Absolutely. So a great, great question, trying to trick me up. I love it. Just kidding. Just kidding out there. So we'll go ahead and answer that question. So thanks for the call. And John, have a great weekend and enjoy the holiday. So the question is, is there anything that I can see that would suggest that the GDX has not made a tradable bottom? And so the very first thing we're looking at here are the GDX charts. So you've got the monthly, the weekly and the daily time frame. As John had pointed out, over the last several months out here, many months, and we'll just simply come back, I'm looking at the monthly chart out here, you can see that the 29 area low on a monthly basis was back in September of 2021 out here. And you can see that prices come down and test of that area several times. So we don't have to go take a look at the daily chart. We already know that as a potential support area. When we look at the weekly time frame chart, although I don't have a topping pattern, maybe there was native B, we'll see that to go look. But we do know it doesn't really matter that price is pulled back to its breakout level. I know bottoming pattern, but remember, coming back to a breakout area can itself be a bottom. That's at 2951. So John, as long as that holds out there, then what price should do, especially on a weekly basis, because yesterday and change line, place change colors has moved up to 3381 out there. So I would say this, I would say the key 29 area is 2951. And if price were to close below that on a weekly basis, then that would be the first message that, hey, maybe this time there's something different out here with regard to that $29 area. But that's not the message at 1.33 in the afternoon on June the 16th. And that is especially not the message at 1.33 in the afternoon, because right now on the daily basis, we have a Roachman Dominicator confirmation, semi-confirmation. Why? Because it's 1.33, and we need this confirmation at 4 p.m. And what you'd really like to get here, John, is both the bullish engulfing candle that we've got, or some type of bullish reversal candle, and a close above its red oscillator and change line, which is where we're printing right now. That oscillator and change line is exactly at 3061, where 3065 were so out there. So you'd like to, you don't have to get that. But if you did get that, that improves the odds of price trying to bust them to the upside. Now, the bust them to the upside, and the GDX is 3357. If price can clear 3357, then you're on the way to 3617. So the GDX charts out here, this looks pretty good. But that may not answer everything for us. So let's be a little thorough here. What's the next thing that we want to look at? Well, we want to understand, because of the relationship between gold, silver, and the mining equities, we want to at least go take a look at how gold is trading. As we take a look at gold right now, we're having a nice day here in the US, but are we having that same day in euros? No, we're just up slightly. Are we having that same day in yen? No, we're really just up slightly. And in terms of pounds, we're trading lower. So ideally with gold, when gold makes a breakout, what you want to see is you want to see gold breaking out in all currencies out here. And we don't really have that message. Is it enough of a message to say that the 29 level is not going to hold? No. But it's not as if we have the wind at our backs to say, you know what, we have been able to bust them down. So we're definitely going to go try to bust them up. If we get gold trading higher in all the currencies, John, then that says that bust them up theory certainly holds water. What's the next thing that we would want to look at out here? Well, I would say the next thing would be what are the instruments inside the GDX doing? To me, that's really where the metal hits the road out there. The rubber hits the road. So let's go take a look at that. And the question now is, and this is what you really want to see. You want to see the heavily weighted instruments truly leading the charge and having bottom signals. So let's go take a look at those. Now, I haven't updated the, I haven't updated the holdings with inside the GDX for a couple of weeks. And these may be slightly out of order. They're probably not too out of order if they're out of order at all. What I mean is that if we take a look at the GDX, I'm pretty sure somebody confirmed this for me, but Newmont mining should be the number one holding in there. So if the GDX has bottom, we most certainly want to see a bottom here. Well, turns out it's got that same. We're in the upper left hand corner. And I'll make sure that I've got the chart up. Yep, we do. Upper left hand corner. You've got that roadsman, dominicator signal, bullsion, golfing, candle. But we can see here, John, his price is finding resistance at that red oscillator and change line. You would like to see NEM, Newmont mining close above 6440 today. If we take a look at gold out here, GOLD, the ticker symbol, this has a confirmed roadsman, dominicator signal. That's assuming we get this bullsion, golfing, candle. And in this instance, it is trading about that red oscillator and change line, which is printed in 1983. You want to see a close above that. Now, in the case of gold out here, it's got resistance at 2139 and a continued move higher. If you can close above that, then you're up to the bust them to the upside range. Franco Novata. Franco Novata does not have a bottoming pattern. At top with a TD9 count, a price is pulled back to its breakout level. That's at 135.11. Again, pulling back to a breakout area can be a bottom. It's just not a bottom pattern, per se. Ignico Eagle, AEM. So we've got the top four. You've got a bullsion, golfing, candle, price dealing with its red oscillator and change line. If price can close above that, that would be a plus. And that's at 50.77. What's it? WPM, precious metals. Wheat and precious metals. Needs a bullish reversal candle today. Goldfields has a bullish and golfing candle. It already has a roadsman, dominicator bottom out there. You're getting in Rand gold. You're getting a bullish reversal candle to confirm a roadsman, dominicator bottom. Here again, the oscillator and change line. So here's we've got basically seven of the top eight instruments inside of the GDX are showing bottom signals. If we go take a look at some of the lower weighted, lesser weighted, I should say, instruments out here, let's go see what they're doing. And so those lesser weighted instruments, KGC, Kenros gold, Yamana, a pass out there, BTG out here. As we look for bottom signals, what we don't see here, John, is bottom signals among this group. So it's going to be the other group that has to take us higher. And maybe what that says in the case of the GDX, you're better off making your own little basket of the GDX. If you think those are going to take off to the upside, maybe you just do it in those seven of those top eight out there. Steve Rhodes with TFNM. We'll be right back. Are you in the market for buying or selling real estate in the Bay area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area. 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If we start with the monthly time frame chart, you'll see a nice roadsman to indicator top and price has been below its breakout level 126.68. So this is suggesting Dan to you and I that over time what Nike wants to do is pull back to the 84.11 area. That's its next breakout area. If we look at the weekly chart, the only way that's going to happen is price is going to close below 103.46. 103.46 is the bottom of its bullish engulfing candle that generated and confirmed a roadsman to indicator top. Now what we can see out here in the case of Nike on the weekly chart, that's the center chart that we're looking at Dan, 120.130 has been really key resistance. The top of the profile folks is where buyers reside. And we can see that in plain daylight out here. Now on a daily time frame, you had Nike complete a TD9 count top. It does it on June the 8th, then price moves lower. And now today, price is below the bottom of its daily profile. It was got back above it yesterday. It was below it the prior two days out here where price ran into resistance was that red oscillator and change line. Price is trading into its swing point on a daily basis from May 25th. Dan, that swing point has volume of you already know this, but 7.1 million shares we're pulling back into with 3.4. I would say that if Nike closed below 108.89, what price should do, even if it's on lighter volume, it looks like it might be lighter volume, but not a guarantee just yet. If you close inside a swing point, it's with volume, then it really gives you the message of going and retargeting the 103.46. If it's lighter volume, you're not sure, but as long as price flows inside it, the thing that would stop it from getting down there might be the bottom of its bullish structured weekly profile. And that's at the price level of 10703. Now, if you close below that tomorrow, 10703, not really ideally what you want to see out there for your long trade inside of Nike. So, hope that helps you out again. Longer term, 84.11 looks like the price target. First, you'd have to see it close below 103.46 on a weekly basis, I would say, and then that would more likely come to fruition out here. And right now, on a daily basis, you've got price tested, a swing point trading inside it, and with a little bit lighter volume, but the day is not over. So, hope that helps you out. Thanks so much for the request. Let me check the emails out here, and don't have any requests by email. I think I've gotten everything inside the Tiger's Den, but if I haven't, I want to. And so, if I have not and you've got a request out there, please go ahead and punch it in. Now, there was a request earlier inside the Tiger's Den to take a look at the Euro. So, let's go do that out here. I don't recall if I was able to post those charts or not. So, we'll just go take a look at the Euro. So, the Euro right now, I think I did. If we take a look at the Euro, the first most important chart here is a monthly chart. It has a TD9 count bottom. The cool thing there is if we were to see it close below last month's low, that pattern would negate itself, and that would signal that the Euro is getting ready to go into crash mode. When I say crash mode, I mean move down to about 82 cents, get below par here. And if that happens, what we're going to see or should see is we should see a gigantic influx of capital. I don't care what is going on in our economy here, we should see a gigantic influx of capital from Europe that will push our markets higher, the US dollar index, likely the equities out there. But we've got to see that fail. We don't have that fail. What we can see on the monthly basis is a changed oscillator and changed line color. And that says it over time on a monthly basis, price should go approach that level. It's printing at about 111 right now. The weekly time frame had already confirmed a buy the D point pattern. It did it about four weeks ago when it formed that little bullish engulfing candle. That was actually the week of May the 20th. This week looks like you might have a hammer candle, but it's too early. It's just Friday out there. What we do know is as long as that low holds, and it's really the same low as the TD9 count pattern out there, as long as that low holds, then we should see a further rally. Price on the Euro has pulled back. Yesterday was testing its breakout level. The day before was testing it. The day before was testing it. Right now, you've bounced off of it and prices above that red oscillator and change line. That says that price should go target its most recent high. That was a TD9 count on May 30th out here, and that's in about the 107 area. On a 30 minute basis right now, you've got a TD9 count pattern. This will tell you if the Euro is going to continue its rally today. If price closes above 1.0542 to be exact, then the pattern will get negated. The TD9 count will get negated and say we had higher. Short of that happening, what you then should see is you should see on a 30 minute base, so now we're getting really granular here. We should see the Euro pull back and test its oscillator and change line. That's currently printed about 105. As we look at the other intraday timeframe charts, there are no topping signals out here, so it'll be the 30 minute that controls what the Euro is going to do next. You should know you've got that topping pattern out there. Again, a close above it will say we just have a little bit of a hiccup, and a strong moment to move to the upside and the Euro should continue to move higher, and then the dollar should continue to move lower. That's what we've got with regard to the Euro out there. I don't have any other requests that I am aware of, so what do we want to do next out here? What do we want to do next? Let's go take a look at some signal changes that took place yesterday. One of those signal changes is in the 30-year treasury, and that is moving higher today, so let's go take a look at that. We're in the September contract here. We'll just look at the monthly, weekly, and the daily time frames. They'll just simply populate faster for us, and then I want to have to tell you stories. Not that I can't tell you stories, but we don't want to get way off track. We take a look at the daily time frame that I'm mostly interested out here. So you can see that we've got a Rosemont Dominicator signal that was triggered yesterday. You've got a piercing candle. Right now you show a bullish hammer candle. It doesn't matter whether it's a hammer candle or not today. You already got that signal. What price should do with regard to the 30-year treasury is go approach that 134 and change area. That's the oscillator and change line, and the price can get above that. What the 30-year is telling us is it's going to rally. The 30-year would rally and rates would come down, but price has got to overtake that oscillator and change line out there. What else should we go look at out here? Let's go take a look at our index ETFs. Let's go see what we've got going on. Let's take a look at volume. Does the volume matter today? Well, we're trading below yesterday's low. So if we close below yesterday's low, I'd say the volume doesn't necessarily matter. It can aid us, but right now volume inside of the spies out here, you're at about 64 million shares. Yesterday, you bounced higher with 125 million. So you're pulling back with lighter volume. It doesn't matter. You've got the A to B equals CD pattern out here. And what the spies are going to need is a bullish reversal candle. We're trading below the bottom of its daily profile. That's a 375-19. So that's not a good scene at 1.49 in the afternoon. This is suggesting to move down to the next price target of that A to B equals CD. And that price target is 3.49.88. Sure, we can draw other A to B equals CD patterns in here, but the other ones we'd be drawing are the ones that are along the C to D leg. We don't need to do that. We already have a larger pattern that's established, and all we'd have to do is wait for a bullish reversal candle to confirm A by the D point pattern. When you take a look at the cues, they're moving lower with pretty good volume. You got 50 million shares today. Yesterday, last time we were down at these lows was on the two days ago, and you had 64 million shares. So yeah, I'd say you've got pretty decent volume with regard to price attacking that swing low out there inside of the cues. The next price target for the QQQs is the 1.272 expansion level at the 255-75 level. For the diamonds, the next target 295-33. And for the IWM, it has not completed its 1 to 1 A to B equals CD pattern. That would take us to 155-71. C roads with TF and N will be back in just a minute. 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 TF and N, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text either. TF and N airs live financial content streamed live on tfn.com and TF and N's YouTube channel with Tiger TV live every market day from 830 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 tfn.com or on TF and N's YouTube channel and become the investor you were born to be, TF and N, educating investors. 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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 tfn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. Mark D. Wright wants to take a look at Berkshire Hathaway out here, BRKB. You're looking to buy it. So on a weekly chart out here, Mark, you've got a confirmed A to B equals CD to the downside. That's going to be confirmed this week. The B point had volume of $22.5 million. You're $22.1 million with a day of trading. That one-to-one price target gets you down to $255.25. I am not saying that's where price stops. Price is trading below a brand new monthly profile, the bottom of which was $281.21. So that's not a good scene out here. So we take a look at Nike. It looks like it won on Nike. Berkshire Hathaway looks like it won instead lower. Now on a weekly basis, this week is going to become bar number nine. So more likely than not, we see price move lower next week inside of Berkshire Hathaway. And maybe on a weekly basis, we get the completion of the one-to-one A to B equals CD. We get a bullish reversal count on a daily timeframe. And you get a TD9 count bottom at its breakout support level around 260. 255.25 is the one-to-one extension. So all that seems like it might come together for you. So I hope that helps you out. Thanks so much for the request. We had Hector and Pat. He wanted to take a look at ExxonMobil. And Hector just says ExxonMobil has a test rejected its daily high volume day out there. I don't know where that high volume day is. I guess that is. I'm not sure which day you're looking at. But here's what we can say about ExxonMobil. It's now trading below the bottom of its daily profile. Very likely going to go target the top of its weekly profile. That's an 89, 88 Hector and Patty. Is there an A to B equal CD to downside? That's a great question. The B point out here would be the low from June 13. There were 33 million shares. You're only at 19 million shares. So you may get an A to B equal CD to the downside pattern, but it doesn't look like you're going to get the confirmation, meaning with the volume. That does not mean that it will not complete. A one-to-one A to B equal CD to the downside inside of ExxonMobil would take us to 87.02. Makes a lot of sense with the top of that profile at the 89.98 area. Hey, folks, thanks so much for joining me on terrific Thursday. Tomorrow we're going to record this show from 8 to 9. So please join us early. But if not, I have a great day, a great weekend, and a great holiday weekend, and I'll see you on Tuesday. But hopefully tomorrow morning. Take care.