 and up today. The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes all now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the terrific Tuesday, the April 28th 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. Hey, let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right, when you and I make that one little two-by-four shift, 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're going to 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 want you to know that I'm absolutely grateful for your presence here, but much, much more important than that. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648. If you can't dial in, well, we've got you covered there, too. Let those fingers do the walking. You can send me an email, Steve, at tfnn.com. Inside the subject heading, please put radio show question and in our Tigers Denwell, any ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to last show right now. We've got the indices a little bit mixed out here. The NASDAQ is the one that's in the red. It's off 88 points, the NDX100. 53 points for the NASDAQ composites. Otherwise, the rest of the indices are to the trading to the upside, including the spot volatility index. The S&P is up three. The NASDAQ, the Dow is up 76. The Russell's up 22. Leading the charge here again today up nearly 2%. Wilshire 5,000 is, well, the trainees are up 1.5%. They're trading out at 88.75. You've got gold trading back four bucks. Silver, 10 pennies. Light's recruit is flat as is natural gas. We're going to change that from May to June. I believe that is now the active contract. So let's go ahead and update that out here. Okay, good. There we go. So now we've got the June contract up nearly four pennies out there. And the Treasury bonds are up over one point as we speak. They're trading at 181 in 2230 seconds. Leading the charge, dollar-wise, the upside. It's booking holdings and roper technologies at five networks. Rockwell Automation and Cummings are up 38, 18, 11, 13, and 13 bucks out there, all of them over a couple of percent. Amazon is the leader to the downside of 43 bucks, nearly 2%. Regeneron Pharmaceuticals up nearly 2% or 10 bucks. Tesla down 18, about 2.5%. So plenty to look at. Let's begin by taking a look at the markets out here. I don't have any questions at this stage of the game. Maybe there's some in the den, I don't know. Let's go take a look. What were the markets doing this morning? Always important to understand support and resistance out here. So what the subscribers knew this morning was that there was going to be a sell-off, and we had some roads meant to mitigate our signals that were forming. None that had confirmed at 930. We saw the ESMini confirm that pattern when it generated that little dark cloud cover candle. Then what did price do? Well, price perceived to close below support, the support levels being their profiles, not daily profiles, their profiles for the 30-minute timeframe. There was a brand new profile that formed at 10 o'clock, but price closed right below the bottom of that. That told you that those key levels of support had failed, and then where was price headed back to? Exactly. Headed right back to its breakout level. Where did it stop? Right at its breakout level. Now, that breakout level, folks, this is taking a look at using the TD9 cal pattern. I really suggest that you use this. Let's say you were an intraday trader out here, and you caught the roads meant to mitigate our top or some other top inside the ESMini, and you watch price, you would have been able to have had your stops in place, or you could have reversed your trade. You would have known your target well before it got there. That's helpful. Likewise, I would have hated for you to have been the person who wasn't an intraday trader. So you don't have to be a day trader out here, but you were not an intraday trader, and you saw the market sell off. And of course, you've been listening to my show saying, giving you the reasons, giving you the facts, not my opinions, giving you the facts about what anticipated the market based upon history. You could decide to ignore history. That's fine. That's totally up to you. But to come back to this, what I would have hated was for you to have understood what I've been sharing with you, watched the market sell off, and say, now was the time to go to the short side, and you would have shorted the market, let's say, somewhere around that 2856, not understanding that on a short-term timeframe, all that was transpiring was price coming back to support. The market is nothing more, well, it's many things, but it's really nothing more when we see mark moves going higher and lower is understanding where those key levels of support and resistance are or topping and bottoming patterns as well. So you've got to know that. So, look, it don't have to be an intraday trader, but to the extent that you're going to make some type of move from an intraday basis out here, well, you really want to understand at a minimum this TD9 count pattern. So just go subscribe to Master of Probability for 30 days less. It won't cost you anything out there. And you'll get a set of tools that you'll be able to use for a lifetime. So where are we in the market? So what we know is that the move so far today inside the S&P 500 has been nothing of more than a move down to sports. So now where is price headed to? Where's price headed to when you take a look at this 30-minute timeframe chart? Where is its key level of resistance now? Now, what we can also see here is you can see on a 30-minute basis, a bullish structured profile in prices above the centerline of that box, which is 28.65. 28.83. Absolutely, Jay. Right. That is Stevie's green line. That is going to be the next level of resistance on this move to the upside. If price is able to overcome that green line, then what's our target? Our target would be the top of that bullish structured profile. It takes you all the way back to the highs from 9.30 this morning. So what you're going to want to watch is Stevie's green line as price moves up to that 28.83. Yep, Jay, that would be the 29.13 level. But the first level, the first area, the next battle that should unfold inside the ES mini would be as price gets up towards Stevie's green line right now in that 28.83-ish range out there. That's what you're going to be paying attention to. You're also going to be paying attention, as I am, to this 28.56.50. Why? Because we know that was a breakout level. Now, if price was able to move below that, close below that, then where would you say would be the price target? Again, a close below 28.56.50. You do not need to be a technician to be able to answer this question. It is just sitting there on the chart. It is nothing subjective. It's not like Stevie just decided to draw a line there. It's 28.14. Jay gets the, he's teacher's pet. There's no doubt about it. He's the teacher's pet out there. And so, yeah, 28.14 would become the, would become that next target. So you now are set up, really I would believe for the rest of the day out here. You're set up for the rest of the day. You're going to watch that 28.83-ish area. You know if price gets above that, you should anticipate and move all the way back to the highs from 9.30 this morning, about 29.13. Likewise, a close below 28.56. And you'll know the next target is 28.14. This is easy peasy, isn't it? That's the way it's supposed to be. It's not complicated. You just need somebody to walk you through and teach you these tools out here. Steve Rhodes with TFNN. We'll be right back. Applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the TAS Profile Scanner under the Services tab. 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. 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So the first question that comes in is from Mark S. And Mark wants me to take a look at the GDX out here. And Mark's question is about the, this was from earlier today, might have been yesterday actually, I can't recall when, but Mark's question is after my response back to him. So my response back to me, wanted me to take a look at the GDX. And what I believe that I'd shared with him was that the GDX had made the one to one A to B equals CD, which is 3403. But this is not a sell the D point A to B equals CD. Or we could go ahead, I could draw in here a butterfly pattern. Now, the reason for that Mark is this is really important. If I were going to, so the A to B equals CD pattern was one of the very first patterns that I learned. And the cool thing about it is that the market does 75% of the workforce. And what I mean by that is in order to draw the pattern, the market has to create the A to B and the C points out here. So there's four points, A, B, C, that's why I say the market does 75% of the work for us. So in this case here, based upon today's chart, the A to B equals CD pattern that we would draw the A point down here at the low of the trading session of March 17th. The B point out here was March 27th. We know that because then the market started to make a retracement out here. And the C point is the low of April 2nd. So once that's done, that then gives us our price projection tool. Now the price projection tool that Stevie uses out here is the one to one level. But that doesn't have to be the D point. It could be an expansion of the A to B leg out here. That means a 1.272, 1.618, a 2.0, a 2.618, 3.14 out there. So those would be your Fibonacci expansions. Here's the deal. Look, and I learned this the hard way. I want you to learn your own mistakes and not repeat my mistakes. And my original mistakes were, Mark, I would sell every D point on an A to B equal CD to the upside. And I would buy every D point on an A to B equal CD to the downside. If you do that enough, you're going to find out you get your tuchus handed to you. And I don't want that to happen to you. Certainly you don't want mine. And what I learned, and you learn more from failure, is you start spending time trying to understand why didn't that work? Why couldn't I just carte blanche sell every one to one A to B equal CD or buy every one to one A to B equal CD? And that's where the power of Japanese candlesticks came in, because this is how the market communicates to us. This is how the market tells you and I, where a group of traders, buyers or sellers, are ready to take a position and defend that position. Now, Japanese candlesticks on their own in the middle of the move, I've never been able to find any use for it. So I can tell you after decades now of using these Japanese candlesticks, just using Japanese candlesticks on their own are basically meaningless. They're helpful to identify some levels of support or resistance, but their real power is to connect them to some type of pattern that you trade. Right now, our focus is on the A to B equal CD pattern. And what I learned here, Mark, was that you needed to see in order to be able to at least increase your odds of a probability of a trade working. In this case here, you're looking for the sell point potentially of the A to B equal CD pattern. You needed to see those bears arrive, because if they don't, then price is going to continue to move higher. If they don't, if we don't see a bearish reversal candle, price will continue to move higher. So now we just simply take a look at the GDX. As price was making the one to one A to B equal CD, it was a bullish candle. It was a gap to the upside out there. On my chart, it shows up as a rising window. No bearish reversal candles yet. If we get one, then yes, it would be the sell, the D point. But let the market communicate that to you. If we don't get a bearish reversal candle, then Mark, the next projection area is around 3703. We use these areas as guidelines, not as exact to the tick type of price moves out here. So we really use them as guidelines. So really important, so good question. Isn't this just a sell the D point? It is one potential D point, but it's not the sell the D point. You really want to be, and in this case here, we know that the retracement was just a 0.382 retracement. That suggests more than a one to one A to B equal CD to the upside. However, we can also see that along the way here, that price has been moving sideways, and it's on the right side of that C to D leg. So it's weakening. So this could be the area, but I would rather, if you're going to try to sell your long position or try to go short, I would really rather you wait until the cavalry, and that would mean some type of Japanese bearish candle arrived on the scene out there. So I hope that helps you out, Mike. There was a question to take a look at USO. Let me see if I can figure out which one was requested out here. Where was that? Give me a second here to try to find that because there's new CO. So let's go take a look at UCO and let's see. So I don't know what is this? What is UCO? Hold on a second here. Let me put this up on our three time frames, our daily, our weekly, and our monthly. So this is the Bloomberg, this is, okay. So you're trying to go long oil? That's the request out here. Okay. So what are we going to do for that? For that, what we're going to do and share for you is going to be short-term time frame charts out here. So let me punch up the June contract here for Lightsweed Crude. And I don't know what's in UCO. So I don't know which contract is in there. So that's really got to be one of, we've got to understand what is inside the ETF out here in order to make any kind of real headway. So let me see if I can type this in UCO holdings. So let me see if I can get this to, yeah, let me just see if I can pull this up. Pro shares, UCO. Let's see if we can find out what the holdings are, daily holding. So this has July and September. Okay. So good reason to not be paying attention to. So let's pull up the July contract out here. Give me a moment to do that. CL07-20. And actually September is the largest dollar exposure. So September, this is through the 27th. So through yesterday, 560 million is in the September future contract and 386 million is in the July contract. And then the rest is some swaps and some cash out there. So now when we take, really, I think to look at this, what is this? That's a 30-minute time frame out here. So let me get my tools. So on a 30-minute time frame, this thing had made a bottom, but it ran right up in resistance. You see these TD-9 count patterns. So understanding support and resistance. Whoever it asked me about UCO, I've got to imagine you wanted to trade this. And if you're trading the ETF, you still have to understand what's going on on the underlying instruments. You don't have to trade them. Although in this instance, I would really recommend that you be trading the future contract because then you're going to have stoppage protection all throughout the trade out there. Whereas if you're doing the ETF, you don't have that. But if you take a look, if you're wondering what happened in LightSuite Crude on the July contract and why it made its run and to stop to F where it did, it was because that's where the breakdown level was in 1932. No swing point. Understand the nines, the TD-9 count. Like at this stage here, it's back below support. It's going to go test the lows from 4 o'clock this morning. Steve, that's what LightSuite Crude is going to do. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trade that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastery Probability and for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastery Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. So we were taking a look at or trying to take a look at UCO, which is one of the oil ETFs out there. And then what we did was we went to, we went to the, we went and identified what was inside it. And the largest holding was a September Lights We Crewed contract. That's what we have up on our screen here. When we began the show, we began by taking a look at the ESMN and its 30-minute time frame to understand that when the market sold off this morning, that all was doing was coming back to test support. It tested and rejected a support level out here. And what we did was we were able to identify that. We know that strong support. We know that the price closes below that level. It'll go down to its next area. Well, here's a 30-minute time frame chart showing just the opposite. And that's the Lights We Crewed contract for September. And at 5.30 this morning, price closed above its resistance level of 2447. These green horizontal lines are your resistance levels. They're not anything Stevie drew in here. They're just based upon a set of tools that we use out here. And so once you break through one level, you go to the next. We'll take a look at where price stopped this morning at 6 o'clock in Lights We Crewed. It stopped at its next level, 2515. Now, these are not swing points. These are not anything, whether they are something out here, they are the beginning or the higher low of the TD9 count pattern out here. And they really help you to understand what the market is communicating to us. If we just break the market down for the time frames that we trade and that we're looking for, we can really simplify everything by understanding support and resistance and understanding topping and bottoming patterns out here. There's more topping and bottoming patterns out there than the ones that I use. Just the ones that I use work so well. We use them. Boy, that was one heck of a sentence, wasn't it? Can you believe I actually graduated from college and I could deliver that as an orator out here? But here's what we do know about the September contract for Lights We Crewed this morning. We could see that it was forming a bottom right here at 4 o'clock. Right here at 4 o'clock, how do we know that? Roads are meant to be at the indicator bottom. Prices are moving lower, less relative energy. Cavalry. We wait for the cavalry. This is the opposite of what Mark and I were looking at for the GDX. Here you get a hammer candle at 4 o'clock. Then you price trades on the next 30 minutes, almost back towards the bottom of that hammer candle, giving you really an ideal entry. If you wanted to wait, you could wait because you get the next bullish reversal candle at 5 o'clock this morning. That tells you prices headed up towards that 2447. You move into it with a wide-ranging bar, close over it. Price comes back, tests and rejects. 2447 goes onto its next level of 2515. Access resistance. Price is now pulling back into an essence where it started at about 5 o'clock this morning. Are you asking me if I would take a trade in UCO? Not on anyone's life. If you're asking me, would you trade light-sweet crude using these patterns? Yeah, absolutely. Because the patterns are still working and I just simply wouldn't get married to a trade. Much like our health experts have gotten married to their projections. You're always supposed to use new information. The thing about trading these markets out here, no matter who you are, no matter what side you trade, no matter what side you take, the most important thing that you can do. People have asked me many times, I want to learn how to trade. I want to learn how to interpret the market. What is it that I need to do out there? Tell me the best thing. Tell me one thing out there. No, I can't tell you one thing, but I can tell you the one thing that if you don't learn how to do, you will absolutely fail. What do you think that might be? You will absolutely fail if you don't do this one thing. You must be able to look at both sides of the trade. You have got to take a look at both sides of the trade and the easiest time to do that is when you're not in a trade out there. So you may be taking a look at an instrument and you have convinced yourself that it is bullish and that's a wonderful thing. Now spend your time. This is the first thing that I learned at a Harvard Business School class that was sponsored by IBM. This really came from, so this is not something that I created. This came from Watson. This actually came from the guy out there. And what he did with his sales team, because his sales team was so certain when they would go on a call that they could close the deal. And then the question that he posed to them was go back and look at your presentation or whatever conclusions you reached and now tell me why you would lose the sale. In other words, you must look at both sides of the market. The A to B equals CD pattern, each day or each minute, depending on the time frames that you're using and trading, the market is revealing new information to you. And when that new information gets revealed, you need to be willing to change your opinion. You can't get married to, you can, but you'll get, you don't want to get married to an opinion. If you're bullish, keep looking for why is it that you shouldn't be bullish. Hopefully, you won't find any reasons for that. But you must take a look at both sides of the trade. If only our health people that have closed down this economy would do the same thing. I understand and you can understand why the actions were taken after the first couple of weeks out there because there wasn't a whole heck of a lot of data. Now there's all kinds of data, isn't there? But yet what I find when I watch these different news conferences and so forth is these folks have gotten into a bad trade. And now what they're trying to do is convince you and I and everybody else that their bad trade is correct. Really? You take a look at those projections that these folks have come out with that got us into this mess to begin with out here and nothing has even been close to correct. Not even close to correct. So look, the most valuable piece of advice that I could give to anyone out there is the market's responsibility is to give you and I new information to consider making a change to our thinking out there. And we must always look at both sides of the trade of everything. Look, if you're a person and you are tied to Fox News out there, that's fine for whatever reason. Now spend 70% of your time looking at the other channels and trying to understand the other side and vice versa. If you're married to the Chinese news network out there, CNN, then spend 75% of your time watching the other side. If you really want to get a good feel and a good picture of everything, you must be willing to look at both sides. And if you don't, well, then you're I guess only seeing one side of the trade. And I don't want you to do that here. I want you to be able to see both sides of the trade. Okay, enough about that. Don't even know how we got there. But we did. But we did. Now let's go take a look at platinum. There was a request to go take a look at platinum. I think the request was to take a look at maybe the ETF for platinum. But whoever had posted that in was also saying, Hey, wait a minute, go take a look at the current platinum contract. I'm going to assume that that is what's inside the ETF. I think it's PPLT. So here, if we go take a look at the platinum contract, that is the July contract. What is it that we know? First, what do we know about support and resistance prices above resistance? It's above resistance on the daily timeframe. The daily resistance level for platinum is 766 60. We're trading right now at 799 60. The resistance level for platinum for its weekly timeframe is 791. It's only Tuesday. It's only 138 in the afternoon. But at least at this stage here, platinum is above resistance. And a weekly close above 791 says it wants to move higher. Now move higher to where? Well, just so happens, we've got an A to B equal CD to the upside out here on a daily basis. And that says that platinum should move up to the 871 50 ish area. That's your one to one A to B equal CD pattern. Your next area of resistance is going to be 803. Once you get through that, if it can get through that, then 871 50 is the next projected level, the one to one A to B equal CD. Always look at both sides of the trade folks. That includes all the stuff going on in the media and the health stuff and everything else. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. 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Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV for the latest market information. 58 S&P is flat. Let's go to Orlando and speak with John. John thanks for calling. Thanks for holding. How are you doing this afternoon? Hi Steve, how are you doing? Very well thank you. So it's the S&P that you want to take a look at and you're ready to jump to the short side or on the short side already? I already did yesterday a thousand shares of SPXS. It's triple the S&P short. The candle of April 10th 2883 with volume of 4.8 billion high of April 10th. April 10th. You're looking at SPXS? On the S&P S&P chart the April 10th high of 2883 and it's kind of the last two days staying around that if it goes and stays above it is going higher? Well at this stage here so what I'm going to do is here's here's the very first thing that you need to see in order to say that you might be correct on your S&P 500 short. You've at least got to see a key level of support broken and so for the S&P 500 that's going to come from the ES mini that's the S&P futures contract and the level that you need to see price close below is 285650. That's what was tested this morning and that's what held this morning and that is where price most recently broke out which was at 130 this morning so the breakout and the level that we're taking a look at hopefully you can watch us on Tiger TV and you can see my chart on the screen right now and if not you can catch the archive I'll have this up on the archive so you'll be able to get that on YouTube and you'll be able to see this so that's going to be the first level of support that you need to see broken in order to say that you should be inside the SPXS. If it is not broken you don't see a close below that then it's telling you that all that you saw take place today was nothing more than a test and rejection of a key level of support out here and that would then suggest to you and I that price would move higher. Now for where is price going to move higher I'm going to come back to the equity futures contract I'm going to take a look at the ES mini and I'm going to expand this just to give you an idea for where those levels are at. Price is above resistance which is the top of its daily profile and that level is 2846 and as long as price stays above that and I know that's different than the value that we took a look at earlier but as long as price stays above that above daily resistance we don't have a topping pattern or topping signal and without that topping pattern or topping signal that would suggest to you or I that the ES mini could trade up to about 3012 we're at 2876 as we speak right now you wouldn't want to feel that pain so whether it makes that move the ES mini up to that 3012 level or not I just hope that you at least have a stop in place now of course that stop can get jumped when you wake up the next morning if futures begin trading a higher which they typically do just as we saw this morning futures took off at about 130 so you start paying attention to the different opens whether it's the open in Asia or it's the open in Europe out there to pay attention to what the markets are doing but right now it's very difficult for me to be able to say to you that you are on the right side of that trade I don't have a topping pattern here I'm going to pull over my other chart for the ES mini and well the only topping pattern I have so I'll give you a different another level to pay attention to and that is there was a TD nine count pattern which can be a top that formed out here on the trading day of April 17th and if you see a close above that high that's 2885 then that pattern will have failed and if that pattern will have failed that's when that says okay I can make a move in price up to 3012 or 3028 3028 is where the ES mini most recently broke down honest move to the downside and that's your real key level of resistance so the levels to be watching so you're kind of in the middle here aren't you you're you're in between support on that 30-minute timeframe that held and now you're going to be watching the daily resistance level the only justification to stay in the trade would be as long as the ES mini closes below 2885 and you're 2877 right now so the next 2885 what's at eight points out there the next eight points are going to be really crucial to you does that help I'm not taking a look at the SPXS because I'm really taking a look at the underlying instrument versus a triple or a double whatever SPXS is because this is going to provide us with better information so gives me more idea or more picture but 2885 that level is important that's going to be if price closed above that 2855 or 2885 level that's the high of April 17th and that was your TD nine count pattern and if price closes above that then a key then a topping pattern will have failed and as topping patterns fail what it's communicating to us John is that price wants to continue to move higher now both you and I don't know what's going to happen the next minute and all we can do is put the probabilities on our side and then say to ourselves hey you know what a key level a key topping pattern failed and if it's failed it says don't be on the short side of the trade because the other side of the trade is communicating to you that price should move higher okay that helps a lot thanks you bet you bet thanks so much for calling that was John and Orlando let's go out to Brent in Martinez California Brent thanks for calling thanks for holding how are you today oh I'm doing just great Steve how about yourself also very well thanks so much for asking and it's a us steel we're going to take a look at and tell the folks tell me how we can help you I am longness uh from 510 my question is you might have already brought it up but I uh I believe we're in day two of the TD count on the daily if I've count I did the count correct um and it looks like we're getting close to maybe a bullish crossover and uh oh you well and then I also wanted to just have you take a look at maybe some resistance levels that you on the tabs a different market profile sure sure okay so we've got us deal so thanks for thanks for giving that summation of what it is that you're looking for and right now on the daily time frame chart folks we're looking at the daily time frame for us deal and and as you know folks there's several patterns that we use for tops or bottoms one of those patterns is the TD 9 count and that bottom conform bars eight nine or the bar following number nine in this case here us deal made a bottom on bar number eight we also take a look at our wave counts our Chapman wave counts out here and what we look for is that seventh wave move and that's going to be letter g on my screen you'll see at the bottom there below eight you'll see uh two different g's out there so you had you had uh wave number seven so you had a real bottoming signal you also had the roads momentum indicator bottom and that went ahead and uh firmed inside of us steel that went ahead and confirmed that pattern if I can get my cursor here that went ahead it's a heck try this slower okay that went ahead and confirmed on march 19 now what Brett knows we're about to go to break here but we'll come back and we'll take a look at this with Brent you Brent your next area of resistance on the move higher is going to be 799 that's the breakdown level on the daily basis using the TD nine counts the Steve Rhodes with TFNM we'll be right back markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the market this is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter Basil has been analyzing markets providing his take for subscribers to his trading services since 1984 every morning Basil publishes an update for his subscribers along with weekend and evening updates when warranted the opening call provides traders a daily market overview with regard to the direction of the key indices selective stocks and commodities along with specific recommendations including stops and targets you also gain instant access to Basil subscriber webinar archive from earlier this year a dark cloud cover an essential market analysis ride the Chapman wave today by signing up for the opening call newsletter on the front page of TFNM dot com under the newsletter tab new subscribers get a 30-day money back guarantee so you have nothing to risk sign up today the gold market has taken off top side a large way in 2020 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report took profits and four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2 with two positions left in the portfolio that have a profit of 67.5 as of January 7th 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 publish the 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profiles at nine eighty eight prices below the bottom of its monthly profile at twelve ninety eight so knowing that price closed above the top of the bear structure probably going to have day two and that's okay if we've lost Brent here Brent you can you can follow this hopefully you're listening the next area that you've got to watch is going to be seven ninety nine seven ninety nine is where us deal broke down I don't have any other topping signal just that price is likely is that we've you know it's it's broken out above a key level resistance atop that daily profile now the next area for you to be watching is going to be seven ninety nine and if pricing it above that well then the next level is eleven oh seven but we know that the top of its weekly profile nine eighty eight would come in play first so sorry about that folks that we lost the signal there for a moment but thanks so much for being here stay tuned please two wonderful hours are up next you've got your favorite polar bear David White he's up and then after that Tom O'Brien and I'll see you on wonderful Wednesday so thanks for being here and have a terrific Tuesday