 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge, now Steve Rhodes. Good morning folks, welcome to the June 20th, the terrific Tuesday 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. And the easiest way to do that, well it's 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, well it means we can find the gift in every set of circumstances 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 at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this, during this next 53 minutes I'm here to serve you. So feel free to give us a call to 877-927-66 for it. We'd love to hear your voice. Now if you've got a question, but you can't call in, you can always send me an email. Send that out to Steve at tfn.com and inside the subject heading if you'd be kind enough to put radio show question. Now if you're inside our Tigers Den, well then any and every 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 the show and welcome back. It's great to be back with you right now. Get all the US indices trading to the downside. Dow is down 286, S&P 31, Nasdaq 86, Russell's 15, is down 15, the Semi's are down 39, Trani's off 74. A little over 1% is the big mover to the downside. That's coming from the Semi's which did form a roadsman to mitigate her top on Friday. We take a look at Goldilocks down 25 bucks and change. Silver's off 95 cents. Light's recruited back a buck 45. Natural gas is off 10 cents. The 30 Treasury printed out at 120804. Now lead the charge. Dollar wise, the upside, you've got Avis budget group up 13 bucks, 6%. Dice therapeutics up 37%. That's a $12 move. Generic holdings up $7, 6%. NB5 Global, 5% or 5 bucks. United Health is up 6. That's about 1 in 3, 10% move to the upside. To the downside, the Shaker's out there. Solar edge technology, 23 bucks, 8.5%. Thermo Fisher scientific, 13 bucks, 2.5%. Enphase energy, 7% or 12 bucks. Adobe's down 11. Wattsco is down 11 as well. Charter communications off 9 bucks. That's about a 3% move to the downside. So what's all that mean? Jelly bean? Well, let's go take a look. At first, I gave the new profiles. Let me make sure that you have these out here. Now these are new profiles attempting to form and those are inside the ES and the NQ. Here if we take a look at the ES mini, you'll see a one-to-one. What price did on Friday, on Thursday, was it made it to the one-to-one price objective of an A to B equal CD that I've got out here. Now you've got a bare structured profile, the center of which is at $44.18, which is where price is trading right now. If price closed below $44.18, it suggests to move to $43.62. $44.75 is the resistance level at the top of that profile. This is a new profile. I'm using my advanced Doppler tool out here. You'll see on the white background charts, we won't see these, but this one is attempting to form. We use that data to assist us at the moment. Right now inside the NQ, no topping pattern on the daily time frame, nor is there actually a confirmed topping pattern on the ES mini for its daily time frame, but we do have a new profile. That profile resistance inside the NQ, $15.370, support $149.50, and the center is also a bare structured profile. $15.265 is the key number. It closed below that. Odds favor a push down to $149.50. Now in the case of Dow and the Russell 2000, well, I take that back. The Russell 2000 has confirmed both they sell the D point as well as ATD nine count top. It's right now consulting with inside its profiles with support at 1852, resistance up at 1918. We can see how that is held. That was tested several times last week. In the case of the Dow, the Dow actually took out its B point of an A to B equal CD. It did that on Thursday of last week. Friday it closed right back below the top of that weekly profile, which is up at 34628. That's a little booger of resistance out here. Now, on a further move lower, where price should find support, if this is nothing more than just a move lower, we are in the unfavorable seasonal cycle for the equity markets out there. We can take a look at that during the show by looking at those seasonal time frame charts. But in the case of the Dow equity future contract, its area of support where it should find support is down at the 34.081 level. That is the bottom of its daily profile. And that is the center of its bearish structured weekly profile. So it's a real key level to be watching, observing as the week comes to an end, of course, at just beginning. And that's at 34.081 level. So that's what's going on. We take a look at the daily equity future contracts. What else should we look at while we're on this page? Good question. Let's take a look at the New York Stock Exchange. The advanced decline oscillator out here. Right now it is trading just below the zero threshold level. That is really panel number three. Panel number two out here is the actual advanced decline line. Now the advanced decline oscillator takes the advanced decline line and generates a, the oscillator is the difference between a 39 and 19 period exponential moving average out there. Now, in the case of the New York Stock Exchange, price had been moving higher in the face of a declining top's advanced decline, so it's always a caution sign out there. The larger caution sign would be a close below the zero level. We can see we're minus 2.77 as an example out there that's going to continue to change. It doesn't matter what the reading is. It's 11-12. It matters what it is at the end of the day. If you close below it at day's end and you close below it a second time tomorrow, consecutively, then that will tell us that these sellers have regained control of the market. Irrespective of whether or not the spotball tunics is up above the 50 day exponential moving average. When you get those two combinations in place where you have an advanced decline oscillator below its zero threshold level and a 50 day spotball tunic where price is above the 50 day exponential moving average, that's when things would really get rocking and rolling to the downside. We don't have that as we speak just yet with regard to that spotball tunics, the 50 day price right now as we speak at 16-61 and price right now trading at about 14-48 out there. What else can I share with you? You know what else I can share with you? Let's take a look at the market breadth out here. So we take a look at market breadth. Where did Stevie put all that? Thought I had it open. Oh, I do. Okay, so here's the very short-term timeframe. Let's take a look at that. This is going to be for the S&P 500 which is very close to so the data, the data is more accurate than the actual lines on the chart. The data shows it is very negative with 78 instruments trading above profile 198 below profile. So 30 minute here is still pretty negative for the S&P 500. With regard to the NQ, let's get it's a data out here, it's statistics, we've got 15 above, 43 below. So it too is negative for that 30-minute timeframe. For those of you that are day trading and use the 30-minute timeframe out there, what you'll want to do is look for the next levels of support. If we go up and take a look at larger timeframes, here we've got the 60, the 240, four-hour daily and weekly. This is for the S&P 500. We're negative in the 60 and the 240. So as we switch over, take a look at the equity future contracts and multi-timeframe charts, we know that for the 30, 60, and 240 for the S&P, they're negative. We want to take a look and see if we can find any support areas. In the case of the NQ out here, it's the 60 and the 240. So for all three of all three of those, for both of them, it's the 30, 60, and 240 that we want to dive down into and try to get a feel for what's going on inside the market. So that covers the market breadth. Both using our task market profiles and the New York Stock Exchange Advanced Decline Osterter. So we come back from this breakout here. Let's take a look at the ES mini charts. We'll do the same for the NQ and of course anything else that you'd like to look at as well. Looks like Ron wants to take a look at natural gas. Steve Rhodes with CFNN. Great to be back with you. We'll be back in just a few. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the Euro dollar, pound dollar, dollar Swiss, dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals what is behind the Tiger Forex report. For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019. Finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Good back, folks. So, I had a three-week excursion, so to speak, out there. It was amazing. Spent time in Egypt, in Greece, in Italy. Primarily, we were in France for a bit, but this picture here, it's just kind of near and dear. This is a tiger that I got together with in Florence. Florence, Italy, out there. This is Mike. He's inside the Tiger's Den. He used to be Mike and Sarah Sode, and now he's traveling around the world out there. He's being Florence, I believe, for the next six months or so, and we were able, my wife and I were able to catch up with him for lunch, and that was a beautiful thing, but this is going to be even more beautiful, because you've got to love it. Inside the Tiger's Den, he goes by MUK, so now I know what the MUK stands for, but this is pretty cool. When he starts his day and he goes for a walk, check out where he heads to. Larry Pesvento would love this. That's for sure. This is an actual street. Fibonacci, so that's what he sees. He also sees this as well. This is to start his day out there, which is just perfect for the TFN enters out here, all its tigers and Tigresses, but here it is, Leonardo Fibonacci. So each day he goes for a walk, Mike sees that. So it was really great to be able to run into him out there, and I'll share with you some of the other things that at least that I did. A lot for me to go back and really chronicle out there, but it was just really wonderful to go through history. But right now, let's go over and switch over to the markets. I know you didn't tune in really to hear me talk about the entire trip or anything like that, but there's a few things that I'll certainly sprinkle along the way. But right now, let's go switch over here, see if I can do this. I was surprised that I remembered the opening of the show. Hadn't done it for three weeks. Let's take a look at the EES mini, the multi-time frame chart. So as I mentioned inside the EES mini, what we don't have here, what we're missing is some kind of topping pattern for the daily timeframe. Yes, we have an A to B equal CD. We took a look at that earlier in the show. And here what we did was prices pulled back to its first level of support. And that first level of support is 44.10 and change out there. Actual low so far, 44.10.50. So this area is really key to be watching as it held. Why? The reason that I developed the Ascender and Chainsaw was to try to understand when a retracement was just a retracement. And here, so far, that's all that it is. Now if price closes below 44.10, that number may change by a point or two. What we would then see is price moving down to the next area of support. Now remember, this white background chart does not have the advanced offer to pick up those new profiles that are attempting to form. So again, the level, if price were to close below 44.10 area, what it does is increase the odds for move to 43.62. No idea whether price can bust through 43.62, but that would be the area. Now as we further look at the ES mini charts out here, the five-hour time frame chart at 2pm will go ahead and form a TD9 count bottom pattern. It certainly looks like it at this stage of the game. It's only 11.21, but assuming that markets don't just rally to the upside because price would have to close below a certain level at 2pm. I can tell you what that level is. That level is specifically, oops, that level specifically is, where the heck is it? It is, come on Stevie, you can find it here. There you go. It is the close which is 44.48.25. As long as price closes below that 2pm, the five-hour time frame chart will generate a TD9 count bottom pattern. Now it's that bar following that can still make it to lower lows and that would be a key area to be watching overnight. So simply for those of you that are trading, those of you that are on the short side of this market, be aware of that and also utilize that to your advantage. For example, right now the four-hour time frame chart looks like it will negate its TD9 count bottom pattern out there and that is suggesting for this time frame that what it wants to do is make its way back to 43.51. Now you may remember we would take a look at the market breadth. The market breadth is negative for the S&P, ES mini, and the NASDAQ 100, the NQ out there for its 30, 60, and 240-minute time frame. So here, and you've got to put this together, if we see failures, failure would be a close below the daily oscillator and change line. Failure would be a TD9 count bottom on the five-hour time frame chart that gets taken out. The four-hour looks like it's going to get taken out, period, and that's going to suggest that price would then move to 43.51. So how do you put this together? I'd say if you get a close below 44.10, we'd likely get back to 43.62, the bottom of its daily profile, and at 43.51 is the TD9 count breakout levels for the four and five-hour time frame chart. I would say that's where price is headed to, but the confirmation of that will come or must come from a close below that daily oscillator and change line inside of the ES mini out there. As I take a look at these other charts, I really don't see anything else out here for the ES mini that is worth us spending much time on. So let's switch over and take a look at the NQs charts and see what they can show us. And here, inside the NQ, just like the ES mini, it does not have a daily topping pattern out here. What price is doing though, price is testing its green oscillator and change line. That number is at 15.195. So use that, you know, a couple of points here and there. A close below that, because remember there's new profile attempting to form. So a close below the green oscillator and change line would then tell us that price would go target 14.950. So that becomes the first target out there. That's if we get that close below that level at day's end. Here, we take a look at the five-hour and the four-hour time frame chart. Well, it's interesting, the NQs signals are different than the ES mini. Never makes it easy, honest, the market that is. What Stevie means by that is there's a TD9 count bottom for the four-hour time frame. We looked at the ES mini and it was already trading below that level. Of course, the 2p of that, this current bar doesn't close till 2pm, and so it could recover by them. But the key level for the NQ for a four-hour time frame, so I would then say 2 o'clock, would be down at 15.168.75. If price closed below that, what that signals to you and I is it would negate that bottoming pattern, and 14.976 would become the target. So what we have out here is 14.950 and 14.976 as the likely targets for any downside move. Now, the five-hour time frame chart will complete or should complete a TD9 count bottom. Well, we'll confirm the pattern at 2pm, and then it will complete the pattern as the market comes to a close out there. And so you'd want to watch the low of the day. Whatever the low of the day is, if that gets taken out overnight, that tells us that we're likely headed at 14.976 level. And I do see bar number eight on a two-hour time frame chart as well for the NQ. Remember, the 16-30, they were bearish as we take a look at signals there. Each of those time frame charts would need a bullish reversal candle in order to confirm some type, in this case here would be a roadsman to indicator bottom. So we don't have that. We don't have any kind of confirmed bottom for those time frames out here. And so it's the ES that is pulled back to that level of support. It's also there and changed on the NQ, flirting with it right now. So that covers those two markets out here. Let's go take a look at a third market that's really important for us as well. And that's the semis. And for that, we'll take a look at the SMHs out here. Why is that important? Well, if the markets are going to form some kind of top of significance, I don't know whether they will or they won't. If they are, well, then you would see the semis participate. Well, unlike the ES mini and unlike the NQ, the SMHs, the semi-conductor index actually generated a roadsman to indicator top on Friday of last week. It did that when it formed that bearish reversal candle. As we speak right now, prices trading below its oscillator and change line. That number to be watching there is the 150 to 97 area. If price closing below that, well, with that signals to you and I, is that we should see lower price. The next price target for the SMHs at the moment would be the top of its profile. Now that was a bearish structured profile. That price enclosed above. However, I'm using my advanced Doppler tool. And what I see out here for the SMHs is the new profile is attempting to form. Now in this case here, it should be more solid. It's typically more solid when I take a look at individual stocks or ETFs when they're attempting to form versus the futures. So the downside price target for the SMHs is assuming to close below 150 to 96 will be 150, 13. That's going to be a key level to be watching for the semis. She roged with TFNN. We'll be right back. 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 new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. So I began my journey. My expedition, if you will, about three weeks ago, was on May 27th, was on Saturday, departed my home at about one in the afternoon. And it was quite a journey. It was a 21-hour journey to get to Cairo, Egypt. And so we leave on a Saturday afternoon. We arrive at basically what is three o'clock in the morning there time. Now, what I kind of expected was getting through security in Egypt of all places would be pretty tough, getting through customs. That was kind of a bit of a concern. It was three o'clock in the morning. Folks, we walked through there and it was a bit concerning, quite frankly, because there was no security. I mean, you got through passport control and boom, you were on your way. So we get to the hotel about three in the morning. I had not slept for 29 hours solid, 30 hours solid, until we actually hit the bed. Now, my wife and I, we kind of were on the move. And so within six hours, we were out the door, heading to experience, you know, Cairo, Coptic Cairo. So because I had had any sleep, we put off the pyramids until the beginning of the pyramid until the next day. Now, the chart that I have up on my screen is the Egyptian pound. So in our first, in my first couple of hours of being in Egypt, now, I think I'd mentioned before I left that we were staying at a four seasons in Cairo. And I thought the price on that was 400 bucks a night. It turned out it was $225 a night. And when we checked in, tired as can be, the guy said, Hey, why don't we just upgrade you to a suite? Of course, we said, Okay, but we won't have a view of the pyramids. We were tired. We go to this suite, it was room, it was gigantic. And it was too cold. So I actually called the guys three o'clock in my call, the guy said, Can we go back to the old room? I'd really actually like to see the pyramids when I wake up in the morning. Well, you know, see the pyramids, you need kind of a clearest type of a day. And you got the desert out there and a bunch of sand. So that first morning we woke up, you know, open up the drapes, we really didn't see anything. But picture this within the first six hours of hitting the road there, I stood at the well, I stood at the well in a cave that Jesus and Mary found refuge in for three months. That's called, I think it's Abu Abu Surga or something like something like that. Then then within the next half hour or so, I stood at the location where Moses was likely plucked from the Nile. And then only be capped off by going to one of the oldest, if not the oldest mosque in Egypt. And and I had, and we hadn't even gotten to the pyramids yet. So it was really with just within and just very cool. Now with regard to the Egyptian pound, our tour guide, for example, she wanted to be paid in dollars. So I made sure that we had, you know, the rest of what she needed in dollars and took care of the driver as well. And what's interesting here, you can see how the Egyptian pound compared to US dollars just been just absolutely decimated. And you actually see that out there. My experience was this. So I didn't know if I had enough Egyptian pounds. And so I thought about maybe going to a bank. I brought some, but you know, as we were taking a look, I thought, maybe not enough. And so I asked my guide, you know, where was the bank that we could go to? She said, look, if you want to go to the bank, they'll give you less than, they'll give you less than par. They'll give you less than 30 Egyptian dollars for every US dollar out there. So, but if we go to the black market just down the street here, they'll give you 40. And then she said, but if you want to buy gold, you need 60. So that is just major, you know, inflation or devaluation of their currency. The only other time I experienced that was in Russia back in the nineties during the perestroika timeframe. But there I was staying in a, in a Russian hotel. And each morning under the door would be a new pen, a new paper that would tell you what the new rate was, unless you were paying in US dollars. So what I can tell you is that the first portion of the journey, the king is alive and well. And that was the true all the way through Europe, whether we were in Greece, whether we were in Italy, if I offered to pay in dollars, people were glad to accept that. So the idea or anybody that tells you that the US dollar is dead, it's certainly not in Europe and it's certainly not in North Africa out there. The pyramids will, I'll talk a little bit more about the pyramids. I don't want to take up the whole show out there. I recommend it. I mean, the coolest thing was truly going back in time. I mean, 5,000 years out there and just extraordinary. And by the way, I didn't know this before I left. I didn't, I should have done some research. I didn't really do much in the way of research out there. If I asked you, do you know how many pyramids there are? Forget about pyramids in the world, just how many pyramids there are in Egypt blew my mind. It's, I think it's 108 was the final tally. And when we're out, this is, we went to the first pyramid, the original pyramid out there. It was the first place that we started. I know it's kind of hard for me to stop talking about it, but we went to the very first pyramid out there. And what was I going to say? Oh, talk about walking. Talk about walking. It's amazing. But 108 pyramids were out there. And so we were at the very, we were at the oldest, the very first pyramid, which was, which was really cool. But what was really cool about this area is that I think it's in Sikhar. As we were coming out, they had just recently within the past couple of months, found a new ruin. It turned out it was a burial ground, which they've, it's so, I mean, they have not even, they've not, I don't know if they've really touched the surface for everything in this underneath that big sand pile that they call the desert. Anyways, let's get, let's get off of Egypt here and let's go take a look at one of the requests that have come in. And that's from Ron inside the tiger's den. And what Ron wanted to take a look at was natural gas. And specifically his question was about the daily timeframe. And Ron's question is, what is the daily charge signaling to us as we pull up the daily timeframe for natural gas? We'll spread this out a bit. What we can see out here is that price on Friday looked like it was going to be in breakout mode out there, Ron, because what price did was it closed above a TD9 count breakdown area? That was at $2.68 cents. It closed above the top of its profile out there. The top of the profile is $2.68 cents as well. But you need two consecutive closes above resistance or below support in order for it to really get any traction. Otherwise, it's just a one hit wonder out there. So now with price back inside its profile, what is it doing? Well, it turns out that it looks like there's a small A to B equal CD out here that's being completed. And you have at the present time, you've got a bear sash candle. So the A to B would look like this here. We're going to go up to that B point. I'm just going to move this over to the C point out there. And clearly this is made more than a one to one or it appears that it has. Well, I can grab it. That would be nice. Come on. All right. I have lost my touch obviously here. I've really lost a touch. Wow. What the heck? Okay, there we go. Oh my goodness. All right, let me try to copy it. Maybe that's an easier way for me to do it. There we go. So now let's move this over and you can visually see it yourself. You don't need me to do this for you. So yeah, maybe a one to 1.618 A to B equal CD to the upside. And now if we do get a bearish reversal candle at, can't see the NG. Oh, sorry. Thank you. Thank you. I got a bit of jet lag here. And I do mean a bit of jet lag. Let's get to those charts. Here we go. Thank you. And sorry. So now you take a look at the NG, the natural gas daily timeframe. You can see the A to B equal CD pattern. So made more than that. It was going into a TD nine count top out there. So in order for a real breakout to occur, price needs to close above the May 19th high out there that high $2 and 88 cents 2.8885 to be exact. But now we're getting a confirmed Gartley sell pattern or sell the D point. Well, at this stage here, price with insight is profile. So the next area of support to watch the downside is going to be 258. Below that is going to be 248. And below that is going to be its oscillator and change line that's currently printed at $2 and 44 cents. So Ron, to answer your question right now, as we speak with the daily timeframe chart for natural gas is telling us is that it wants to move lower out there and maybe only move lower for a couple of days. The weekly timeframe chart confirmed last week a rose victim indicator bottom out there with price right now just consolidating with inside its profile. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks and commodities. Subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe you'll get a weekly report from veteran day trader Larry 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. TFNN.com Educating Investors Are China A shares hot or not? If you trade China A shares now may be time to take a closer look. Trade CHAU or CHAD Directions Daily CSI 300 China A share bull and bear ETFs. China A shares in either direction. Visit Direction Investments.com today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus please contact direction shares at 767523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Four Side Fund Services LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. You know we were taking a look at the currency in the Egyptian pound during that first break out there. And you know the first the people of Egypt are so friendly. You know it's really really a cool place. I suggest folks visiting out there that it's worth it. It's absolutely worth it. And but the 22 million people I believe you know give a thereabouts between Cairo and and Giza that the two the two cities are basically together out there. Just you know the Nile kind of separating it and and there's not a single stoplight. There's not a single stop side or a single stoplight. It is like driving through the streets of New York big like that. And it is amazing to watch the flow of traffic out there. Just just amazing. Sometimes better just sit in the back seat and keep your eyes closed out there. But you don't see a whole lot of new cars. You don't see a whole lot of new anything over there quite frankly. And that's really you know that's too bad. So when you get in it makes sense when you take a look what's going on with the currency out there it kind of looks like you're driving through a bombed out because you are right. They've had nothing but wars for you know thousands of years in that area which is really too bad takes away from the beauty of everything. Anyway let's move over to one of our requests out here. This one from Jambalai inside the Tigris. Now let's take a look at FEZ. Now FEZ is a ETF. It is the Euro stocks 50 ETF out there. So in order to trade this ETF you really need to know what's going on internally with inside let's say the last of the top 10 holdings. I don't have that. I do have the top two holdings that represent about 15 percent of FEZ. Now what we can see here today is it just gap big to the downside. So it's going to negate there will not be tomorrow if we were to take a look at these charts there will not be a daily TD9 count pattern out here. Is there anything to suggest that would have given us a clue as to you know that that that this thing would have gap to the downside like this. And the answer is no I don't see the pattern at least on the daily time frame. But it has that the question was where is this likely headed to. I'd have to go with the 44.67 to 45.06 area that are pro those are profile levels on the daily time frame. But as I mentioned it's an ETF and you need to know at least what the 50 percent at least what the holdings that represent 50 percent of the ETF are doing. Well two of them the top two. This was as I believe as of Friday the top two would be Asimil Holdings ASML is a ticker symbol out here. Now in the case of Asimil Holdings it would have given you a signal or at least a preparation signal. Now I believe this is like eight or nine percent of the ETF. And on Friday this generated roadsmen to indicator top. So what Asimil Holdings should do is test support since price is already below the green oscillator and change line. Price should target 70709 and price close and below that. Well then we're looking at 70608 or thereabouts it's weekly oscillator and change line and below that then 676 comes into play. So watch 70709 as a jambalaya if you are inside of FEZ out there but then the second holding you also want to take a look at again these two holdings represent 15 percent of that ETF and here what we can see is a TD nine count top. Now this is ticker symbols MC. It's actually the retailer LVMH out there Louis Vuitton. And I think they have I think they own others as well. So Louis Vuitton. So you have two topping patterns that were present. If you were trading this if you only looked at the ETF you wouldn't have gotten the clarity. And the third instrument out here I believe is TTE. The fourth instrument is SAP Siemens is the next. So it's really a it's really a hodgepodge of instruments but you need to know what that hodgepodge is doing with regard to LVMH. This is very likely headed back to support and support would be the oscillator and change line at bottom of its profile. And that's in the 4348 to 4375 level. So jambalaya that's what I see when I take a look at FEZ but we take a when we when we're trying to understand what FEZ is doing. We've really got to go take a look at the instruments that make that up. So I'd suggest going to take a look at TTE, SAP, SIE and SAN. And that's probably going to give you 15, 24, about 30, 30 some odd percent of the ETF of the ETF out there. So hope that that helps you out. Thanks much for writing in. DKC inside the Tiger's Den wants to take a look at Costco. CST is the ticker symbol out here. It's trading right now. So let's take a look at what did this generate? Well, I do see a wave number seven top out there. That's the letter G. Where'd that come from? Where did that come from? I was looking at my numbering system out there. So I can't be completely sure. But here what we take a look at what is it doing right now? What it's doing right now is it's trading below that momentum line, that oscillator and change line out there, which is priced at 521 and change. So pricing with inside a profile, I would say a price closes below that profile range is from 514.71. That's your ultimate area of support to 513.26. That's your area of resistance out there. So odds favor that price is going to head back to the 514 area. When I take a look at the weekly time frame chart, nothing bearish about it at the moment, nor is there anything bearish on the monthly chart. The monthly chart is consolidated with inside a profile. The weekly chart is trading above profile, above a green oscillator and change line. Last week it was dealing with a swing point. The swing point from February 3rd that did 9.9 million shares. Last week this did 9.5 million shares. Really not too bad as it was pushing higher. And it's pushing into a swing point that has 17 million shares. So those folks, if we open up this chart out here, at some point in time, those folks inside of Costco, there was a TD9 count top. Now that we open it up out here, there was a TD9 count top back in April, April the 8th. That's the weekly time frame of 2022 out there. You had another TD9 count top that formed out here August 19th. We don't have any kind of top like that at the moment. It's really been more of a sideways consolidation out there, but those are going to be your key resistance areas. So no top on the weekly. Let the daily do its thing and pull back out there. Again, if it closes below 514.71, that's going to signal a further move lower. So DKC, I hope that helps you out. You say you were in Egypt yourself in 1988, lived on Sphinx Street. Cool. Oh, cool. Grandfather discovered the Solar Boat Museum next to the Great Pyramid. I didn't see that out there. But, and folks, if you do go, make sure you've got your climbing shoes on. And I do mean steps between there. Now we thought we walked a lot. No, I had worked out pretty hard. I lost about 30, you get this right, 37 pounds from the time period that I went on a diet, not that far, right after David's passing out there, and was able to get down to a way that I hadn't seen for like three decades out there. Tried to keep it. The first, it was pretty easy to do it in Egypt because we were just simply on the run out there. And then the next portion of the trip took us to Santorini in Greece. I'd never been to Santorini. That is an amazing place too. But nobody told me about all the walking that we had to do. So our room, just to get up to not the main road, just to get up to a road where we could at least start walking reasonably up and down, were 108 steps. And this is, it's historic. Those steps were formed a long time ago. And each step was probably about a foot, a little bit less than a foot. But that was the climb just to get out of my room and then start continuing the exploration out there, the expedition. In any event, that's Costco. Let me see here. I don't see any request inside of my email system. I don't see anything else inside of the Tiger's Den. If I've overlooked anything, please let me know. But let's go take a look at something that is worth taking a look at. Well, we'll have to do that when we get back to this break. And that'll be gold. Take a look at gold out there. Why does Steve, you want to take a look at Goldilocks? Steve Rhodes with TFNN. Hope you're ready. 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 TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry 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. TFNN.com Educating Investors. Welcome back folks. You know one of the cool things just taking in the environment and everything was a prayer time. You know the Muslims, I think it's four or five different times during the day once it's before dawn then it's in the early afternoon and late afternoon and evening and maybe sunset as well. I think it's five times during the day and the coolest thing is when you're out there and you're walking around these objects that were built so long ago and it just kind of puts you, it just makes you grateful to be present, to be present in somebody else's culture and intake that in. In any event out here this is gold. What's the reason that Stevie's looking at gold? All right, this is the monthly chart out there and this is showing us consecutive weeks higher and consecutive weeks lower out there. If we are just simply, if we're simply now at the beginning of a bull market and we very well may be, what we should see is a bottom this month. If you take a look at, come all the way back here, we're in the 1999 time period out here. If you take a look at it on a monthly basis, you'll see a number of what looks like 12, 1, 2, 1, 2, 1, 2. Those are two consecutive months lower and then price moves higher. That is the so-called Texas two step. Well, it turns out that we now are in month number two. Now, I don't know if this is the beginning of a new bull market or not in gold, but we want to be paying attention to it because if it is, then odds favor that there's a bottom that forms this month out here. Now, I don't have a bottom signal on a daily time frame just yet or on a weekly. Again, these are just the consecutive months out there, but we most certainly want to be paying attention to gold. We did a request before the show ended. This came from Duncan Steve. Wanted to take a look at AMD. As we take a look at AMD out here, it is trading below profile. Now, this formed an erosement dominicator top. It did it two, four trading sessions ago. Now, this could be the second close below the bottom of that profile, Stevie, at 121.34. That then opens up the door for a move lower. Now, the two targets will be 109 and change. That's the weekly oscillator and change line with the second target being 103.49. That's your daily TD9 count breakout area. You can see on the monthly price ran right in resistance at that TD9 count breakout resistance level. Folks, great to be here with you. All those folks that had filled in for me while I was gone. Thank you so much for doing that. And I'll look forward to being with you tomorrow. Folks, I was prepared. I was ready to do a show yesterday and realize that it was a holiday. That's how gone we were from what I call civilization. Have a great day, folks. We'll see you tomorrow.