 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks welcome to the April 10th the wonderful Wednesday edition of today's Traders 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 Now the easiest way to do that is to always remember that life is happening for us not to us That's right When you and I make that one little two-by-four shift means we can find the gift and every set of circumstances 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 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 that's this during this next 53 minutes. I'm here to serve you So feel free to pick up that phone Dial on in eight seven seven nine two seven six six four eight now if you've got a question But you can't call it and oh It can't call it you can always send me an email and send that to Steve at tfn.com Send it early if you will and inside that subject any place put radio show question Of course if you're inside our Tigers 10 well then any in every ping we'll do So let's go ahead and get this show started on wonderful Wednesday, of course This is tiger financial news network. I'm Steve Rhodes. Welcome to the show So right now we've got a sea of red for the most part out here The only actually do have a sea of red right now all the sectors inside the S&P 500 are trading to the Downside all the US indices that we track are doing the same dows off 421 points a little over 1% About 1% for the S&P or 52 points 1% for the Nasdaq 100 99 points two and three tenths percent for the Russell 48 points there 71 points for the semis That's a one and a half percent move gold is down five bucks silver's up 27 cents lights We crude is 44 pennies natural gas is flat in the 30 Treasury for down to 116 14 Who are the movers in the clubhouse this morning? What's on the upside? It's n video up 11 bucks I did mention they had activity nine count bottom pattern yesterday So not a surprise here acts on enterprise up eight bucks McKesson is up five bucks Eli Lilly is up four and constellation energy is up five the shakers of the downside Deckers outdoor 59 point move nearly seven percent equinix is down three percent or 25 bucks six percent for restoration hardware $18 and change micro strategies off 20 public storage is down 16. So we got movers and we've got shakers So let's begin by taking a look at what? Let's take a look at they come back You know we're gonna take a look at what take a look at the 120-minute time frame charts We took a look at those yesterday. I suggest that they were controlling the market So let's go see what they're communicating to you and I and when I say they're controlling the markets If we take a look at the top that form we had a nice rally last Friday That was after that big Nike swoosh to the downside We did have that spot follow ten except had a one-day rate of change about plus ten percent lasted It created a nice little rally in the rally ended after it completed a T9 count top for the ESC NQ and the Dow That was last Thursday at 2 p.m. Is when that I came in well We can see out. You don't see the charts. Oh, sorry about that Off my game already already off my game on the first on the first tee. That's terrible out there Thank You mr. Bill. Thank you inside the den out there So now you got those two-hour time frame charts out there So here we can see you've got this TD 9 count that took place at 2 p.m. It's the same thing inside the NQ It's the same thing inside of the Dow equity future contract each time We've gotten up towards that level for example We did that at 10 o'clock in the morning That was yesterday I believe on April the 9th and then we had that swoosh to the downside to test support then we have the CPI numbers come Out and price was again right back at that same level and then we had that swoosh to the downside What a price do price came all the way back to that TD 9 count breakout level at 51 95 and held So what does that tell us that tells us a day's end watch 51 95 now? I don't know where the profile level is on the daily time frame that don't have that memorized out there But watch 51 91 50 if it if we get a close below that on a two-hour time frame That would likely suggest lower price out there If you look at the NQ it gets right back to the 18 0 51 50 level Which is also right around that perigee pivot point out there. So watch that 18 0 51 50 area Just like in the es 51 95 15 in the case of the dow It is trading below. So the dow is broken through its TD 9 count breakout level I would say that it's the es in the NQ at this stage of the game that are controlling things out there So this is a time frame in a chart that is worth watching Of course, all you need to do is write down on your pad of paper 51 95 50 and then watch the two hour closes So you're looking at 10 to 10 12 2 and 4 for each of those and on the NQ it's 18 0 51 50 out there Now, let's go maybe for a deeper dive and see what else we might be able to find out here Let's close out these two-hour time frame charts. Let's go. Take us now. It's going to pop up on our screen right now Although Um, and we'll come back to we'll come back to the metals Or if you give me a moment here, we'll get back to the right spot And the right spot would be this spot. So here we've got the es mini. So the interesting thing If you caught the opening of the show and you'll see when we change turn over to the NQ charts out here Is that the NQ completed a TD 9 count bottom yesterday? Pretty odd. Well, we're bar number seven inside the es mini That says you could actually get if the market does move lower Tomorrow as an example, uh, you could get a TD 9 count bottom That's going to go ahead and complete inside the es mini not tomorrow tomorrow be thursday But you could get that pattern that forms between tomorrow and monday out there So just kind of keep that in mind if we look to the other shorter term interday charts out here What we don't see is any kind of a bottom signal What we do see is a 10 minute time frame that formed a TD 9 count top And right now price is pulling back and it's testing its oscillator and change line It's around the uh, I'll give you the exact number here probably 50 I think it's trading right below it right now 52 0 1 is what we'll call it 52 0 1 And the price that continues to move below this that tells us that we're likely headed back Either to the 51 87 or 51 79 75 level So that's on the es mini was only the 10 minute chart that identified Um a a short term top out here. Let's go see what's going on inside the NQ charts It's just going to take a moment for these to populate But what you will see in that upper left hand corner You will see a TD 9 count bottom pattern and what price did this morning to pull back and attest to that area And that area or that specific price point the low of that I'm just going to wait for these to populate sorry about that Because I have it on another screen too There's that market update a close below. So the the low there is 18 0 51 50 That's a key area to watch your prayers was 18 0 51 50. That was the uh two hour chart, uh TD 9 count break. I love I believe I believe it was so here you go So now you got this on the daily time frame as well and a price did close below that level Whether that pattern gets negated what that would then be telling us is that we would be headed lower So to head lower what I'd have to look at I'd have to look at the weekly time frame chart Which I don't have up on this screen here The reason is because price is also testing profile support and that profile support is at 18 16 3 So there's a lot of support between the 18 0 51 and 18 16 3 level It is also a TD 9 count top that the rally stopped on on the 10 minute time frame So those of you that are intraday traders out there my suggestion I haven't looked at the 5 minute charts out there But my suggestion keep that 10 minute chart up on your screen today Right now that seems to be the one that's given us the signals Steve Rhodes with TFNM. We come back to this play. Let's take a look at the gdx for Hector GGB for Dan from New York and DKS for ELO We'll be right back If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them Using a combination of fundamentals and technicals Sign up for rocket equities and options report today with a 30 day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of TFNM.com TFNM educating investors Many trading newsletters attempt to focus on a narrow set of equities or commodities While this works for some it oftentimes misses many opportunities that possess huge gain potential But how is an independent trader supposed to scan the entire market looking for these Hidden opportunities? One simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets For longer than most trading influencers have been alive and over that time He has honed his methodology in order to accurately call movements in a wide range of equities From semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices, selective stocks and more Opening call subscribers also receive access to dozens of educational live streams That can be accessed at any time for your edification All first time subscribers receive a 30 day money back guarantee So ignore the pop trading influencers and start learning time-tested technical analysis 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 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 Tigresses 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 Toll free at 1-877-927-6648 Internationally at 727-873-7618 Now folks say let's first take a detour and go out to Birmingham to speak with Gary Gary thanks for calling, thanks for holding And what part of what Birmingham are you in? Birmingham, Michigan, Birmingham, Alabama or another Birmingham Birmingham, Alabama There you go Today's a weird Wally Wednesday, you know that, right? Oh, I do know, I do know What's weird about it though? Hang on, I'm sorry So you want to take a look at Palantir You want to take a look at Palantir And are you in Palantir? You're looking to get in Tell me what you're doing and how I can best help you Hello Okay, I think we lost I think we lost Gary out there But I will go ahead and keep Palantir up on my screen Since he requested that If we take a look at, you've got an A to B equal CD Pattern to the downside That B point which formed on March 19th It had volume there of about 43 million shares It was passed with 70 million shares So it's a confirmed A to B equal CD to the downside But right now what Price has done is finding support at the bottom of its daily profile So a close below 2210 would suggest that move down to about the 2090 level That's where that 1 to 1 A to B equal CD pattern of completion would take place But right now what you've got is just simply consolidation With inside its daily profile that ranged from 2210 up to 23 bucks So we look at the weekly timeframe chart What we have out there Is we've got a Roadsman Dominicator top With Price below its oscillator and change line That suggests a move lower as well We can see on the monthly timeframe Price rallied right up Into the TD9 count breakdown resistance level of 2711 So you've got short-term support right now at 2210 A close above 2360 Would say that maybe the A to B equal CD pattern Is actually not going to come to fruition But short of that that's what the plan is So thanks so much for the call And let's go to our next request The next request coming in from Hector and Patty And they want to take a look at the GDX So it's specifically what Hector was looking at Was the weekly timeframe So let me give you the weekly timeframe numbers That you were looking for Which is where's the next resistance point Price is trading above the top of its weekly profile out there So the next and its trade above its oscillator and change line So the top of the profile was down to 2979 Its current oscillator and change line is at 3025 But the price target to the upside Or the next resistance point Would be up at the 3581 level So that's what we see when we take a look At the weekly timeframe chart There's no A to B equal CD pattern There's not anything other than price trading Above resistance levels And so what that tells us Hector and Patty Is that it is the daily timeframe right now That is controlling things The reason is because yesterday was bar number nine Of a TD9 count So that pattern is completed Even if we were to rally miraculously And get above yesterday's high Well then the high of the TD9 count Would just simply have to be shifted But right now you've got really two things You have a TD9 count top And you have a new profile Really there's three things out here In the daily timeframe That are really important for Hector and Patty And everybody else out there The first, the second thing Is a new profile And a new profile is bearish in structure The top of that profile is at 3430 So that's not the high of the TD9 count In order to negate the TD9 count Price must close above yesterday's high And that's up at 3459 So I jot that number on a pad of paper I would also have 3430 on a pad of paper Now what price has done so far After that TD9 count It's pulled back in its test at a key level of sport That is that green oscillator and change line We have not seen price below the oscillator and change line Except for once back on March the 19th We haven't seen a close below that Since February 28th So if price did close below that That being about 3404 So that you've got a number If it did close below that That would tell price would head to the bottom Of the daily profile If I didn't give you that figure I'm giving it to you now It's 32 bucks even Stephen So it looks like to me No topping pattern on the weekly You got a topping pattern on the daily It's a matter of testing support It's already tested one level of support So that makes the GDX on a daily time frame neutral Bullish on the weekly And bullish on the monthly time frame That doesn't mean we're not going to get a further pullback out there But we do now at least have an additional support level To watch it to monitor So Hector and Patty I think that's all that I've got Well no that's not all that I have for you Stevie spoke too soon There is something else And that is trying to understand what gold is doing So let's just do this here I'm going to stand on the screen for a moment Well then we will switch screens out there Well we'll come take a look at this Here we can take a look at the weekly Charge for gold As well as the weekly charge for silver As well as the We already really went through the GDX There's no reason for us to go through that either Well what we do know Is in the case of gold It has ATD 9 count top that has completed It actually is Or was attempting to form a new profile So let me come check that out Let me hit my refresh button Out there and just make sure that Yeah so it's attempting to form it But the white background chart telling me that It did go away So now I don't have a new profile Necessarily inside of gold At least at this moment in time So what we do have is Where's the level of support on a pullback for gold And the answer to that question is pretty easy That would be the oscillator and change line That's at 23, 23 right now That number is going to change by a buck or two But figure that is an area of support For the daily time frame The weekly time frame Is likely going to go ahead and confirm a Bar number 8 of a TD 9 count And all that needs to take place next week For that pattern to go ahead and confirm Is a close below Is a close above I should say Is a close above 21, 81, 60 Come next week out there So you get at the daily top You've got a weekly top out there In the case of silver It's going to go ahead and confirm A TD 9 count top this week That pattern completes next week Today is in bar number 9 Of a TD 9 count pattern out there So that pattern is going to complete as well And it looks like you actually have a key reversal bar Now 28, 23 was its one-to-one price projection What it did earlier in the day Is it got up to a high of 28, 65 So it's made the one-to-one price objective out there And if price closes one tick lower today Silver will have a sell the deep point pattern It will also have a TD 9 count top So what metals are telling us Whether it's a GDX, silver or gold When we take a look at it priced in dollars That things are getting ready to head lower But my question is are they? Let's try to answer that question By that we're going to go take a look At what's going on with regard to Goldilocks By looking at those black background screens And specifically we're going to take a look At how is gold trading In the other major currencies out there So now what we can see here Is we are at this is the daily timeframe The daily timeframe we have not made a new all-time high today For gold priced in dollars But we have in terms of euros We have in terms of yen We have in terms of Great British Pounds We have not in terms of Chinese Won We did that yesterday And we have in terms of Australian dollars out there So the point of this is They are not sellers So we can have sellers here in the U.S. And buyers overseas And that says that the move to the downside Should be muted That's what is signaling to you and I as we speak right now Again new all-time highs today In terms of Aussie dollars In terms of Great British Pounds In terms of yen In terms of euros out there And so those folks are sellers When they take a look at gold Priced in their currencies So I'm not expecting a big gigantic At least at this stage of the game A big gigantic swoosh to the downside In fact We're going to go to a breakout there Yeah I don't have it updated I don't have it updated So I won't turn to that So Hector and Patty That's gold Everybody else out there That's gold That's silver Those are the miners out there And we come back to this break Let's go take a look at TGB For Dan from New York And then we'll take a look at DKS For ELO inside the Tigers And of course I'd love to hear from you As well 877-927-6648 or Steve At TFN.com We'll be right back The Gold Report 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 US 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 2nd and 4th Friday of the month 9am to noon eastern time As he places short-term trades And gives insights into his strategies That's right, that means the first Live Trading Fridays event Starts this Friday, April 12th Make sure to sign up So you don't miss the potential For huge gains If you've attended Larry's Stellar webinars before You'll be familiar with the Live Trading portion Live Trading Fridays will be Strictly this portion That's 3 hours of pure trading All trade positions will be Communicated clearly And all questions will be answered In a timely fashion during these live events When signing up Make sure to save $50 By using code LARRYLIVE at checkout This code is valid only for this month And a discount stays with you For as long as you're a subscriber To the service So don't delay Sign up, sit back And follow Larry Pesavento As he places trades live See you there, Tigers Are you ready to take charge Of your financial future? TFNN is your gateway To the world of trading and investing Whether you're starting out Or scaling up TFNN empowers traders And investors of all skill levels With top-notch investing systems Strategies and techniques It's time to protect And grow your money with insight You can trust Join us live Monday through Friday During market hours For exclusive content That moves with the markets At TFNN We bring the trading floor to you Our seasoned hosts Are here to answer your calls And questions live on the air Check out the Tigers' Den For just $1 And follow us on YouTube And become part of our vibrant community And remember At TFNN We're so confident in the value we provide That we offer a 30-day money-back guarantee On all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait? Tune in live to Tiger TV And transform your trading journey Because when you know better, you invest better Join us and experience the difference today TFNN Educating Investors This portion of the Trader's Edge Is brought to you by Directions Daily Leveraged and Inverse ETFs Whether you're a bull or a bear You choose the direction Visit Direction.com Investing in the funds involves significant risk And should only be utilized by investors Who understand the impact of leverage And actively monitor their portfolio They are not designed to track the underlying index Or security for more than a day Before investing, carefully consider a fund's investment Objective, risk, charges, and expenses Contained in the prospectus Available at Direction.com Read carefully Distributor, four-side fund services, LLC Welcome back, folks. So Dan from New York would like to take a look at Tessaco Mines. TGB is the ticker symbol out there As we take a look at this Negated a TD9 count top that it had It certainly negated it yesterday out there And what price is doing so far, Dan, It's pulling back and it's testing two key levels of support One level is the top of its profile The top of that profile Is at the price range of $244 It is $244, even Stephen out there And below that, you can see that green oscillator And change on it In fact, let's open up the daily timeframe chart out here When I developed that green oscillator And change, or it wasn't green at the time When I developed that tool out there It was really to help me understand When a retracement was just simply a retracement Or when it was something more In this case here, this is just a retracement Now, if price were to close Below that green oscillator and change on the $242 Then it could be telling, especially if there were two Closet below that, that there's something more Now, that something more doesn't mean it's You know, it's nisly bad news But that something more would say a retracement Doesn't mean that it'll get back to test support But we do have support levels down to 211 to 215 And that would certainly be a potential price target But that's not where you're at as we speak right now So this still remains Well, I probably can find But let's just make sure Is there an A to B equal CD pattern out there It certainly is not the cleanest And there's certainly one big expansion out there So, you know, and you do have a bear separating line Here's what I would do if you are long I'd certainly watch that 242 level out here Let's see what the weekly and monthly chart So weekly chart, okay So the weekly chart is going to go ahead And complete a TD9 count top out there So that says that it's going to confirm a TD9 count top It completes that pattern next week Now that says price could pull back to $1.92 So it says it could Doesn't say that it will And at this stage of the game We don't have that signal How would we get that signal Is really what I would like to ask you, Dan And I think your answer would be That signal would come from a close below 242 Or whatever that number is at day's end On the TGB daily time frame chart That green Oster and change sign The monthly chart looks moibueno There's no topping pattern Other than getting back Towards a TD9 count breakdown level So we're early in the month And we can see that price has found resist Well, it's sort of found resistance At that 238 area out there So it's really just trading into a swing point It's so early in the month I'm not even going to take a look at volumes out there Because it's really the daily and the weekly right now That you want to be most concerned with Remember on a TD9 count It can be the bar after bar number nine That forms that pattern It completes that pattern out there So that's what I see when I take a look at TGB And thank you so much for the request Last request that we've got so far And we're only halfway through the show out there So please feel free to go ahead and email me Steve at tfn.com or give us a call at 877-927-6648 Of course, all of you dinners can help out as well So let's go take a DKS for ELO inside the Tiger's Den DKS right now is trading out at Right at the bottom of its daily profile So it's trading at a support level out here A ELO, that support area is at the 20504 Or 20496 So watch 20504 If price does close below that It could be signaling to you and I That it wants to go ahead and fill that gap And in order to do that Price would have to make its way all the way back To the top of the bar from March the 13th And the high on that is out at the 18972 So a close below profile support Not just today, you need to see that tomorrow too Then that would suggest that we could be seeing a move lower However, why Stevie is saying could Today is going to become bar number 7 of the TD9 count And likely we're going to see lower lows by the way All we've seen out here are lower highs Ever since the roadsman to mitigator top Had formed out there And there's nothing different here today But what you could get between tomorrow, Thursday And Monday is a TD9 count bottom So that's what I'll be watching for With regard to DKS sporting goods Now, on the weekly timeframe This does not have a top I take that back I mean the retracement here This B to C retracement There's no way that's a 0.382 retracement But if we use that as A to B And then C to D Then we'd say okay You've got some type of sell the D point top Really what's most important Whether there's a top or not Is prices trading with inside profiles right now So we do know Is that even if price does close below the 20504 I think that was at the number no It was Yeah, 20504 If price does close below 20504 What we can now do is We can now give ELO a price target The price target would be the bottom of the daily profile And or that weekly oscillator and change line So support on a weekly timeframe Ranges right now between 197 and change 197.11 up to 199.60 out there And if price were to get below that Weekly oscillator and change line Then that would be telling us something else So things look pretty good Pretty good in respect That of course I don't know where you're at With this instrument But that's the best information I can provide for you So hope that helps you out That was for ELO inside the Tiger's Den Was there another request? There was John wants to take a look at Apple Thank you so much for that Request out there Let's go see what Apple is doing And then ELO would like to take a BLDR We'll be happy to do that as well We've got all kinds We've got nothing but time As we speak right now But the problem with this chart Is Stevie's fat fingers It didn't put an AAPL And it was trying to find some instrument That doesn't exist out there Not really what you want to do Especially when you're live Doing a podcast You like things to go just kind of smooth That's why I like to get all the requests in Ahead of time as you know I kind of have five different Presets up there So I can put those in And boom we can go right to them We don't have to wait for this stuff Nonetheless that's what we're waiting for So we take a look at Apple What do we know about Apple? Right now it's trading below The bottom of its daily profile The bottom of that profile is at 169.95 We're at 167 out there So what's Apple communicating to you and I? I'm looking at the weekly time frame What's it communicating to you and I? What's this week going to be? It's going to be a TD9 count bottom So on a weekly time frame What we have out here With regard to Apple is a TD9 count bottom Now what you'd like to see Apple do today Out here John Is you'd like to see it close above The low from April 2nd The low from April 2nd Was 168.23 The following day was a bullish and golfing candle That set up an erosement to Mindicator bottom So only a close below that Would then say okay we're headed lower Headed lower to do what? Well there is another bottom pattern There are two other bottoming signals That are out here The one that came about on the trading day Of April 2nd was a TD combo count out there Time to mark a combo count And that requires a close above Four bars In order to confirm that pattern You need to see a close above the bar Four bars only One, two, three, four We haven't gotten that So we would be looking for that as a potential Bottom pattern on the daily time frame To go with that weekly TD9 count Now today or Friday Will be bar number nine on the weekly basis Remember that low can't come on the bar Following bar number nine Let's open up the daily time frame chart See what else we have here So certainly we can see A to B equal C D Downside patterns out there Let's draw in the what I would say Would be the larger one at this moment in time Inside of Apple So there's your A to B line We're just simply going to go ahead And copy and paste and assemble So now we are through CPA So there you've also got the A to B equal C D You'd also, so even if it does negate This which was a Roachman Dominicator bottom And a buy the D point bottom out there Even if it does negate that By closing below Not low from April 2nd at 168.23 The next bullish reversal candle Would confirm a buy the D point pattern See Roachman TFNM If you spend any time online Researching trading techniques On how to begin your trading journey You've no doubt come across Many folks who push forex trading As a way to make big money quickly Unfortunately there are equally as many stories Of these so-called forex professionals Just looking to make a quick buck off Aspiring traders without actually Teaching the ins and outs of the forex market This is what sets Teddy Keckstacks The Tiger Forex report off the riffraff Every Monday Former Chicago mercantile exchange member And author Teddy Keckstad Releases his Tiger Forex report newsletter Where he dives into the complex world of forex And takes time to actually teach you his methods That have made him so successful in the fast-paced And rewarding world of forex trading Furthermore, all subscribers receive access To archive live streams of teddies Where he provides university-level education To help you in forex trading All first-time subscribers Receive a 30-day money-back guarantee So what are you waiting for? 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What's up on my screen out here is the S&P 500 Seasonal pattern upon the release of the consumer price index That was released at 8.30 this morning That's what set off the move to the downside I guess over the fear that we're not going to reduce interest rates I won't do it right now I'll try to remember to do it overnight Just pull up my screens You've already looked at this before And markets go lower when interest rates start moving lower out there And markets rise in rising interest rate environments out there So you've got to be careful what you wish for But regardless of all that Here if we take a look at over the last 25 years That means there's been 299 releases of CPI data And here's how the market of the S&P 500 Has operated, has traded This is day one What's a 25 year average out here That on day one the markets move lower And then they move higher again So the question is that's kind of interesting pattern Do you think that there's a chance that's what we're going to see out here Now I pose that out there before you So you should at least consider that Especially if you're interday traders And you're looking at maybe overnight or tomorrow's activity out there I'm not suggesting that the market's going to bounce To the rest of the day out there That I'm not suggesting that at all But we have support levels to keep watching out there If we switch over we take a look at what's going on One of Peter and Park City's favorite indicators Is that New York Stock Exchange advanced decline oscillator We take a look at it That would be panel number three That would be the center area And you can see I've got written there advanced decline oscillator So you see which area we're looking at Right now the reading on is minus 143 142.63 I don't know what it's going to be at day's end But when you get down to the minus 150 area And 143 qualifies for me as 150 area That's typically where we see bounces or bottoms It's not a set of guarantee But now we take a look at what the CPI What the market's response is typically on day one We're just doing that average move As it has done over the last 25 years And we are now in an oversold condition And we've got a TD9 count bottom pattern A daily timeframe for the NQ Or at least we do now Again that pattern goes away If there's a close below the low of 18.0, 51.50 At day's end out there So just something for you to consider out there Let's go to our next request This came in from ELO Who wants to take a look at your sum of BLDR Give me a moment We'll get over to those charts out there Actually you didn't see the Here is that again Here's that daily TD9 count bottom pattern Upper left hand chart for the NQ But let's go take a look at BLDR I'm assuming that that is some type of real estate ETF out here We take a look at Dump or Boulder It's Builder's first sourcing So maybe it's individual stock So as we take a look at it ELO on It this formed a rogment and indicator top It confirmed that pattern On the trading day of March the 25th And now we have price trading below The bottom of its daily profile And tested an area of support Which is where price had broken out from And that's at 185.74 We haven't made it all the way back down there But that is an area of support We've made it down to a low today Of 186.17 So watch that 185.74 level Now coming back to a breakout area Can be a bias I don't have a pattern out here I do have an A to B equal CD pattern We can draw that in So let's do that out here Let's see if that really finishes off In the price area that we're taking a look at So here's your A to B point or approximately Let's just simply go ahead and move this over To the C point Gonna try to at least There we go So now let's move this So we are at the This has done more than a one to one A to B equal CD So with this says Bill down, I don't know if you're in it If you're looking to get in it If you're looking to add If you're looking to short But right now If this generates a bullish reversal candle It's not likely to do that today, by the way Then you would get a confirmed by the D point pattern But other than that As long as price holds 185.74 It looks okay Now on a weekly time frame We have priced that right now It's trading below the center Of its bearish structured weekly profile I have a way A potential wave seven top out there So we do have a topping signal Road's meant to mitigate our signal But no bearish reversal candle That's really not important What's important comes Friday If on Friday You see a close below 194.94 That is suggesting That price should be able to push its way down to 168.50 It's not a guarantee And the reason it's not a guarantee Is because price at that stage Will still not have Perhaps have not have broken The 185.74 level But if it does break 185.74 Then we could be looking at a move Towards that 168.50 area So we're sort of at a point Of not knowing what it wants to do And because of the A to B equal CD pattern I think the market will tell us what it wants to do If it is forming a bottom It would generate a bullish reversal candle On a monthly time frame We're just too early into the month But the monthly right now As of the 10th of April Shows a road's meant to mitigate our top And that would then suggest Move back to 170 So you get a daily top A potential top on the monthly You do have a top on the weekly chart out there Glad to watch 185.74 like a hawk So I hope that that provided you with clear information And if not, then just take a 2x4 Out of builder Just slap me upside the bat All right Let's see here If I've got any other requests I was just checking inside the tiger's den It was an interesting question posed By Dan in New York Our trading forums know Naturally more quiet on red days Do we have the data that red days have Correlated to dental cleanings Amongst traders out there We know Dan from New York Or Dan's day I'm sorry, that's Dave from New York And don't don't don't don't Don't pay attention to me That's my eyes out there There's nothing wrong with a good Dental cleaning out there You've got to keep those Those choppers nice and clean All right, so no other requests Nothing by email Nothing inside the tiger's den That I'm aware of So what do we want to do I'm going to go take a look at Let's just see what's going on inside the market Boy, the US dollar index That thing is just simply on fire So let's do this here Let's go take a look at the euro See if the euro is getting crushed This morning or the yen or the pound And see where we're at here So we've got the daily, weekly Monthly time frame Daily and weekly charts For the euro, the yen and the pound So take a look at that move Now The euro has a TD nine count bottom pattern And that's likely to get tested That's also its breakout level 1.0732 A failed pattern Which would then turn into a larger A to B equal CD pattern to the downside I'm going to get rid of this small one in there I would require a close below the low From April 2nd That low is at 1.0724 If the euro closes below that You're going to get a smaller A to B equal CD to the downside Now, the weekly chart out here Let's take a look at the weekly chart The weekly chart The weekly chart needs a close below 1.0695 To in order to generate an A to B Equal CD to the downside pattern Which would at least take us to its TD nine count bottom That formed us on a weekly time frame Let me get my crosshairs out here That formed on the week of October 6th Back in 2023 out there That took price right up to its Breakdown level at the 1.065 area God, you got to love these tools Okay, so that's what's going on So the euro certainly is what's Putting strength into the US dollar But it needs to break through That TD nine count bottom To suggest that it wants to Continue to do that If you take a look at the yen The yen is weakening big time It is now taking out a TD nine count Top up there Now you can't really draw Well, at least let me open this up here Oh, it's got a gigantic A to B equal CD pattern to the upside Man, it's time to go back to Japan folks Especially if we could time this right here So here's our A to B point At TD nine count top And I'm just simply going to move this Over to the C point Right here So on a daily time frame This is telling us It's a beautiful thing That the yen Wants to get up into the 157-158 area And if I look at the weekly time frame Check it out here That probably offers us a gigantic A to B equal CD pattern Holy snipies Sea broach with TFNM We'll be right back 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 50 years of experience Larry has seen it all A former Chicago Mercantile exchange member Larry has authored 10 books And trained over 1,000 traders With his unmatched expertise 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Tune in live to Tiger TV And transform your trading journey Because when you know better, you invest better Join us and experience the difference today TFNN Educating Investors So during that break folks I went and took a look at the Japanese yen On a weekly basis And that's got an A to B equal C dependant That may be forming That says we get up to the 165 level So I switched over to the US dollar index charts Out here And we take a look at these You can see a potential A to B Equal CD pattern to the upside Forming inside the US dollar index Let's take a look at that On a daily timeframe It's the June contract That we are looking at There's your A to B This should be your C point out there 41% retracement That says 106.53 And we take a look at the weekly timeframe We can see a little trend line As well as the top of its bearish structured profile At the 105.95 level So it looks to me like Price should go seek out that 105.95 level That should go ahead and keep pressure On the metals area Which we took a look at this morning Out here We've got two more requests Let's see if we can get these squeezed in here The first one was to take a look at Starbucks Let me switch over our screens To the white background charts Starbucks is in bar number seven A today of a TD 9 count pattern It looks like there's an A to B Equal CD pattern to the downside as well What I'd be watching for here Is I'd be watching for a TD 9 count Potential TD 9 count bottom pattern To form between tomorrow And tomorrow would be Thursday And Monday of next week out there That's what the daily timeframe chart shows The weekly timeframe chart Is suggesting lower price I can see a larger A to B Equal CD to the downside With a likely price target of 8167 That is the breakout level After the monthly TD 9 count Top that formed out there That's the breakout area At 8167 So short of a daily TD 9 count pattern I would have a TD 9 count bottom pattern 8167 is a likely price target When we take a look at 30 year treasury 30 year treasury has got a weekly A to B equal CD pattern That is potentially going to form God Friday out there Right now we're trading below the swing point Of that B point Now we'll get us down into the 1 to 13 Zone out there Somewhere around there So that's what I see when I take a look at Starbucks That's what I see when I take a look At the 30 year treasury And real quickly here Let's go back and take a look at those Daily equity future contracts out there And not much more for me to report Other than everything that I've shared With you so far So folks, thanks so much for being here Have a wonderful Wednesday if you would I'll look forward to seeing you on terrific Thursday Stay tuned for all the great programming And be safe out there Take care