 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good afternoon folks. Welcome to the June 27th The magnificent Monday edition of today's Trader's Edge show. I'm your host Stevie Perseverance Rhodes Who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one 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 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 one o'clock in the afternoon. I do want you to know. I'm absolutely grateful for your presence here But more important than that That's this 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'd like to call but you can't well, you can always send me an email You can send it to Steve at tfn.com and inside the subject heading Please put radio show question and in our Tiger's Den will any and every ping will do So let's go ahead and get this show started on Magnificent Marvelous Monday, of course This is Tiger financial news network. I'm Steve Rhodes. Welcome to less show right now We've got a bit of a mixed bag out here You got the a Dow off 43 the S&P down 9 the NASDAQ 100 up 80 Russell's up 8 some eyes are up 9 trainees are off 7 You've got gold trade now to 1824. That's off 6 bucks over trade out up a nickel at 21 18 lights We crude up $2 and 67 cents 1028 separate their natural gas up 21 pennies to 30 Treasury is off nearly one full point trade out at 13504 lead the charge dollar-wise to the upside you've got Solar edge technologies up 5% or 14 bucks and change anthem is up 13 and change 3% United Health Group 13 and a half 2 and 7 10s percent Axe of therapeutics 54% and 13 a buck a rune to the downside It's googling one. It's off 40 bucks 1.7% Booking holdies down 25 or 1 and 3 10 Shopify off 15 nearly 4% Micro-strategy down 12 that's nearly 6% so we've got some movers and we've got some shakers So where are we going to start the day? Let's go start the day with regard to the play-by-play and what the markets are doing for that We're gonna go ahead and switch over and take look at our begin by take a look at the NQ and what we're going to What do I do right now? That's not it. Give me a moment here. Say about that folks Green chair there we go. Nope. That's not it. Hey Stevie get your act together son Get your act together. Of course. I'm referring to myself and now what you should see I hope you do see it there you go the upper left hand corner You got the daily NQ chart now. We've got the intraday signals out here So we know that inside the NQ praise closed above the top of its a profile. That's at the And I've got a couple different sets of profiles for the NQ, but this one has the top at which I could read it try this year 12 037 12 or 37 and we're trading at 12 070 now if we take a look at the five-hour timeframe chart That's what it says 300 minute. You can see that this formed a TD 9 count top Earlier today about nine o'clock in the morning. That was the bar following bar number nine now You can see the oscillator and change line has changed colors So odds favor that that line and price are going to test each other if it's a test and rejection That's a bowler signal now price will remain neutral until price closes above today's high that high out there would be 12 262 a price were to close below the oscillator and change line currently printed at 11 9 58 That would then signal move back to 11 800 or 11 543 out there. I said a five-hour chart If price is going to get down there then what has to happen I go to the 30-minute timeframe chart That's your bottom left. I'll just simply expand the chart out Well, we'll see here. You've got a nice little rosement of indicator top Which turned into a TD 9 count bottom it did that at 10 o'clock this morning and then we saw a nice little rally now That rally is just really a consolidation with inside It's daily profile and prices underneath its oscillator and change line So if price is gonna head lower the cool thing here You just need to take a look at the low of the day the low of the day is 12 0 21 You would see price close below that now That being said that could also set up an a to b equal CD to the downside as far as where that could take us to Well, you know, not all a to b equal CDs do one to one effect is only about 60% that do that But here's the one-to-one line I'll take this at this stage here to put this over to where we would put the a to b equal CD pattern And that would get us down into about the 11 9 59 range out there. Well 11 9 59 Is really right at that green oscillator and change line on the five-hour time frame chart Yeah, I like how to two different time frames in essence can come up with the same pattern So we'll watch for that again on the five-hour time frame chart a test rejection is going to suggest that price to move higher Now there is additional resistance level that the five-hour time frame chart has got to get through and that's at the 12 360 level and if you can do that then price should run up to the 12 811 area remember if you were with us on Friday morning if you're with us on Thursday Might have even been on Wednesday out there We suggested to you that we should see a two to three week rally Nothing has changed anything things really increased out there when we took a look at Friday's price action So is there anything else here on these charts? That's worth noting out here nothing. I think we really kind of covered it Let's go take a look at the S&P 500 the ES mini Let's go see if it has similar type of chart patterns out here I do know it had the TD 9 cal bottom on the 30 minute time frame chart So that says that the low of the day is a key level to be watched You will let this go ahead and get populated here and the low of the day I wish I could give that number off the top of my head Just waiting for the charts to populate and then we'll just give that to you so the low of the day out here inside the ES mini is at the 39 38 93 50 so price close below that that's going to suggest to run to the 38 60 level Again a TD 9 count top for the five-hour time frame chart an oscillator and change line to change colors price That line should catch up to each other a test of rejection says we should head higher We will head higher or most certainly should head higher by week said I don't know where you know We're at today on a Monday on the five-hour time frame chart We may not see that test out there until later this evening or early in the morning Is there anything else out here to point now? We really have the same kind of price action in the ES and in the end queue out there So I know what to look for and again attempt now price takes out today's highs That's going to negate the five-hour TD 9 count top That's going to suggest that we had higher and when I say had higher inside the ES mini price should go target It's most recent highs those recent highs back in the 41 80 ish type area out there So that's what's going on We take a look at the daily and intraday charts here for the ES mini and the end queue We're about to go to a breakout here But we do have a couple requests one came in from Mike and Mike wanted to take a look at both Apple And let me think I've got that here Do we have that? Yeah, so Mike wanted to take this is Mike in In Europe over here and Mike wanted to take a look at Retracement targets for Apple as well as Microsoft so in the case of Apple out here Mike Let's wait till we come back to the break You'll see a nice TD 9 count bottom of a weekly time frame This is telling us that Apple wants to go trade up to that us that are changed that current number is 149 05 it'll change is But on a weekly time frame what Apple suggests is when I see wants to head up Retracement that have already taken place to be Blooming inflation we are purchasing powers eroded There's no better place to protect your hard-earned money than ain't gold This the golds flagship asset is the monk cod gold project in the northern territory of Australia This is Australia's largest unveloped gold project. We are talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a 7 million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive dearest party ready development stage gold project This the gold trades on the New York Stock Exchange and the symbol VGZ Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the Euro award in 2018 and Barely missed that mark again in 2019 Finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge With anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering Probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN comm and try mastering probability 30 days risk-free today TFNN educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a Frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money-back guarantee at TFNN.com TFNN educating investors Toll-free at 1-877-927-6648 Internationally at 727-873-7618 Good back up folks We're taking an apple out here from Mike who's looking for an entry point out there in 195 minute chart Mike would give you an entry point around 136-62 that number is going to change and the way that the reason I say that is you've got a nice TD 9 count top That formed inside the 195 minute time frame chart And this next bar here closes at Well, not till four o'clock Yeah, not till four o'clock. So and you could get a higher high, but then that would set the TD 9 count out there So that's one possible area As I look at the intraday charts out here It's the 30 minute and the 15 minute that also have topping patterns both with roadsmen to Indicator signals. So price going to make its way all the way back to that 136 this area What will have to happen is you'll have to see the TD 9 count breakout levels fail. And those are down at 139 85 for the 30 minute chart 141 69 for the 15 minute chart My weight would be more on the 30 minute time frame chart. So I'll say that 139 85 or 136 and change is making 137 or so that would be your zone For an entry into Apple out there not going to get much off of the daily time frame charts So now you also wanted to take a look at Microsoft out here now in the case of Microsoft Yeah, let's get this it'll take just a moment here to populate But I was just going to go to our three panel our daily weekly monthly charts But knowing that it's the intraday charts here in Apple We're going to go ahead and wait the minute or so for these white background charts here to populate Because I think that'll give us a better idea perhaps a better idea as to where prices headed to so on Microsoft Microsoft on a monthly basis has held the bottom of its profile so far. That's a positive the weekly time frame Formed a road's meant to indicator. I'm sorry formed a by the d-point bottom And it did that in the case of Microsoft Oh formed a TD 9 count bottom and wave number 7 Probably not the 80 B equal city now that I take a look at the weekly time frame chart But what price is done here with these bottoms here Mike is run right up into its red oscillator and change line Price really needs to close above that to suggest that there's more of a counter trend move Which would take it at 273 or 294 But on the weekly base with price hitting that resistance level that says okay at a minimum take a look Where is it that price could pull back to that could be an entry area? That's in essence what Mike is asked well in the case of Microsoft the hundred ninety five in a chart has a TD 9 count pattern And that says the 256 90 ish area could be all the way down a 249 51 where any signal that that's what's going to unfold just yet But that's a possibility if we look at the 30 minute time frame chart Mike We see a road's meant to indicator top very similar to the 15 minute roads meant to indicator top in a TD 9 count So those levels of support are what we're really watching which are 264 11 and 264 12 So a close below two to two consecutive close below 264 11 on a 30 minute basis going to suggest that your entry area potential entry or into Microsoft is 255 80 that is a TD 9 count breakout level now before that happens the 15 minute chart is going to have to close below 264 12 that's its 15 minute breakout area time frame So hope that helps you out the weekly chart is suggesting that yeah We should see a further pullback inside of Microsoft We don't have any kind of bottom signals on the intraday time periods out there So does look like a further retracement is in store for Microsoft doesn't mean this afternoon But over the course of the next day 24 36 hours or so seems like a likely outcome So I thanks much for taking the time to write in and being with us at what is probably about 722 in the evening your time and we'll look forward to speaking to you again soon We do have some questions that have come in from the Tigers then if for those we're going to go ahead and switch Just simply to our daily weekly and monthly time frame chart if there's something that pops up here That requires us to go back to the intraday time periods. We most certainly will so this one coming in from Bob from Spokane The Bob want to take like a ticker symbol BT AI not BTO Bachman Turner overdrive But BT AI if we take a look at BT AI on a monthly basis You're likely going to form bar number 8 of a TD 9 count We know that on a TD 9 count the lows of bar 8 bar 9 the bar following 9 Can be the bottom of signal we can see that on a weekly basis Well, we had out here was what a road's meant to mitigate or bottom that was formed with a three river morning star This suggests to us that price is going to go target the top of its weekly profile That's a new weekly profile that's formed out here in the top of that profiles 1304 The daily time frame shows that prices trading right into the top of its daily profile That's also got a road's meant to mitigate her bottom So prices up at resistance and resistance is 1255. We're trading at 1258 So what you need to see here for a change in trend signal would be a close above the top of that weekly profile 1304 that's what I would be watching out there No, nothing here indicating that you should not see that and if you do get that then That sets up a move on the daily time frame back to the 1651 level 1651 is where price broke down now Before price gets there. It's got some potential sellers at about the oops at about the 1392 level at about the 1486 area out there, but I think those are just going to be small skirmishes as BTAI Continues to move higher, but we have to wait for it to prove itself and that proof is going to come with a close above 1304 so hope that helps you all Bob and thanks much for taking the time to write in Dan and from Boston. Let's take a look at SGEN. So let's go pull this up see what information we can glean from here And Dan, I don't recall what your question is. Let's see rumor to be a takeover candidate pretty heavy Call buying out there, but my eyes sees a deal that potentially doesn't happen And is a big give back any okay? So as we take a look at this is a cgen ink out here Now cgen ink is looking pretty good. It's trading above the top of its daily It's weekly. It's monthly profiles out there. Let's start with the monthly profile or the monthly chart That's on the left hand side that confirmed erodesment to indicator bottom Out here. Was there an a to b equal cd to downside that completed? I've got to do that on a different Screen out here. So I'm just checking to see if that in fact unfolded It may have yeah, it most certainly did out here But what we don't really have what we don't really have what we don't have is the bullish reversal candle So you've got price on a monthly basis above the top of the profile Oh, I see okay. It's trading right into a trend line So this is good. We're just going to switch screens go back and forth out here So I want you to be able to see what I'm seeing out here, Dan And that is you may have already had this drawn in on your charts out there But if you look at the larger term time frame in this case here It's the chart that's on the right that little descending trend line So price is trading right up into that if c gen can take out that level by the way that level This week or this month is it about 180 32 or there about so price takes that out That suggests you run back up to the 192 79 area. Let's go back and take a look at Yeah, it is a it is a 1 3 or potential of 1 3 5 what larry would Dan I you know, although I can't speak for larry and I'm not a very good ventriloquist out there But I think that would what larry would say to you is yeah This looks like a 1 3 5 pattern, but be aware of that wide-ranging bar. That's the month of june That's typically not how markets end. Yes, it's 1 3 5 and Pattern out there. So we get back from this upgrade. We'll finish take a look at c gen Post gives call 8779 to 76647 email steve at the end of that If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets news subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning. 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So we're taking a look at cgen sgen is a ticker symbol out there So i've drawn in the a to b equal cd patterns to the upside For the daily and the weekly timeframes out here now. You've got no bearish reversal candle. That is how A um an a to b equal cd pattern tops out or bottoms out So we do not have that bearish reversal candle out here Looks like a hanging man. It looks like two hanging men Candles out there. I do not use those as reversal Signals at the completion of an a to b equal cd. They are referred to as a bearish Candle sticks out there, but i've done the work on them And i say not a chance You need something better than a you need something better than a hanging man candle What we also see out here dan is prices trading above the top of bearish structured daily profile So close above 176 29 today is really a bullish outcome On a counter trend move now today We'll also complete bar number nine of a td9 count So we've got competing patterns out there. We've got the a to b equal cd You've got a td9 count now that says a td9 count pattern should be completed tomorrow And that would then say that price would pull back to support now Support out here the oscillator and chains on you don't see it on your screen is at 164 27 So it's down towards the bottom of that daily profile new daily profile 165 27 It's a buck away from that um But a counter trend to move to the downside would find support at 172 62 in the weekly no type of bearish reversal candle there And that's suggesting that price wants to move to 185 out there So you got competing patterns out here But price is running up into that resistance on that monthly time frame while you've got a td9 count pattern That's going to form so it does look like it's getting ready to form a short-term top And the question is will 172 to 176 29 Hold as supportive it doesn't Then we're headed back towards that 164 level in this case here at the bottom Of its daily profile 165 27 So I hope that helps you out Thanks so much for the request and we'll look forward to your next request out there Let's go take a look at kota wants to look at Lights we crude he'd like to go ahead and take a short position and lights we crude So let's pull up our multi time frame set of charts for it And uh that now we've got the monthly time frame So I just want to make sure we we kind of have the big picture out here and the smaller picture The big picture says we're headed higher And that's coming from the weekly time frame chart That's our the monthly time frame chart the weekly time frame chart put us into a pause Because it generated an arrangement and indicator top now it did that uh the week of june 17th And then the very following week what's priced do pulls back and test support at 104 42 So since support is held out here at the bottom of its weekly profile Kota what lights we crude should do could do is at least move up to that green oscillator and change line That's in the 113 and change level 115 39 is the center of its slightly bearish structured profile So the cell zone here really is between 113 41 and 128 128 is the top of that weekly profile On a daily time frame out here. You had wave number seven You had a roadsman to indicator top and price pulled back and tested or got below Its breakout level 105 94 that was a one hit wonder that was one day prices back above it So another area of where price should rally to kota is 1277. That's the daily oscillator and change line And so that is a possible spot to go ahead and put on a tray now. I do see a new profile that's forming. Let me uh See on my other charts if i've got that same thing And uh, whether it's worthwhile to pull those charts up as well There's copper. There's lights we crude. Let's go to this center charts here so Lights we crude Yeah, I just want to give me a moment here if you would Yes, you don't have a choice So yeah, so there's a brand new profile. Let's just switch over So kota very first thing, you know any answering your question one possible now is not that well Let me I say now. It's not the time to take a short Let me just before I complete that sentence, which I've already completed Go take a look at the interday charts to see if there's some kind of signal out there And now that I look at the interday charts whether it's 30 60 120 240 or the five hour time frame chart I don't have a topping pattern out there So we're going to go with the idea that now is too soon to take a short at least from a pattern stamp When I can't control what's going to come out of the folks over at the g7 a group of Well, you can complete that you you probably know how I feel about all politicians Both sides of the politicians and and basically everybody overseas as well But in this case here back to lights weed crude Technically speaking price should make its way up into that 113 area 120 1277 is what prints on my screen out there But let me just switch back and take a look at those black background charts out here And on the black background charts, you're going to see I'm just going to expand out We've got the august contract and in the august contract. There's a brand new daily profile just formed Really within the past hour or so or I certainly didn't see it earlier this morning I don't think I saw it. So you've got a support level 103 47 So now this is a boa structured profile coda Typically when you close above the center, that's where price is trading right now The center by the way is 107 33 on a daily basis typically when you close above the center of a boa structured profile buyers Bulls Usually are able to run the price up to resistance. That would be the top of the profile So no even though I given you 1277 is a potential area to support to To a short oil if you are going to short oil I would do it where the sellers are truly residing and that's at the 1701 area at least that's that's that might take on Monday, june 27th out there. So the are updating properly. No Okay, good Perfect. So hope that helps you out And we're stuck in est gen. No, I don't know. I'm not sure what you're seeing out there dreaded pirate z out there So, uh, I don't know why there was the delay But we've got the lights we crude charts there as we speak So let me see. I think there might be a request inside the tigers den out mr. Bill says charts for crude Well, that's very weird. I don't know what that happened there But you've got him now. Let me just make sure since we got that message twice Let me go back to the white background charts and make sure that you see Here the lights we crude charts And that was at 133. That was just three minutes ago weird So here's the here's the white background charts here. You can see on the interday time periods You don't see any kind of a topping pattern the types that we uh look for out there There's your 1277 that acid or change on you can see up here at the 1701 That's the top of its profile. So that becomes the so-called cell zone out there So hope that helps you out dakota. Thanks much for taking the time to write in um Let's see here if there's any other requests. Just checking the email lines doesn't look uh Yeah, I don't have anything on the white background charts And if you do have something inside the tigers den if you listen to tigers den and you should be inside the tigers den Please just let me know what you'd like to look at out there The reason why I say you should be a part of the tigers den is because it costs you $1 mortimer $1 to get access to all these great individuals That are inside the tigers den 24 7 well At least from fairly early in the morning until the market closed out there Then throughout the evening as well. I know the people poke their head in there So no other requests. Let me come back and uh Can we do oxy we absolutely can so let's go take a look at Occidental petroleum. This is for s n p. Thanks so much s n p. Let's go to our Daily weekly monthly charts out there Make sure on the white charts we are and now let's put an Occidental petroleum go see what it is doing oxi is the ticker symbol That'd be great if it actually took oxi with that there we go So let's take a look at oxy petroleum and then he wants to take like dbn and fang Holding okay so far. So what we'll do here. These charts are going to update here and we come back to this break We're going to go take like an Occidental petroleum then Devin energy and then fang For s n p inside our tigers den Are you in the market for buying or selling real estate in the bay area? Including the surrounding saint petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com. That's 727 329 83 22 call us today The technology around us is changing every day with so much happening. It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade la bu or la bd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.com slash biotech 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 866-476-7523 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 Back folks, uh, let's go take a look at, uh, accidental petroleum here. Give me a minute Just uh Typing something in and i can't walk and shoot gum at the same time. Okay, so let's get back to the white background charge for oxenotl petroleum and See what it is communicating doing that didn't look great Back Screens there we go Okay, so you should be able to see I got the three different time frames So what we know about accidental petroleum out here is one on the monthly basis got a td9 count top on a weekly basis Um, it doesn't have a topping pattern per se Uh, just yet it did generate a rosemint to indicator signal But did not produce the bearish reversal candles right now Prices consolidating with inside its weekly profiles between 53 78 and 71 79 on the daily time frame Which did generate a rosemint to indicator top it also generated a td9 out bottom And now what price has done as much like microsoft Has done it to the t but it's gotten up to that red oscillator and change line Which is at 60 30 and so far the high of the day out here for accidental is at 60 15 And that's really close enough. So What accidental petroleum may be signaling to us now price closed above that level you're off to 63 oh 4 if you close About 63 oh 4 you're off to 70 99 But the signal may be telling us a price is going to pull back and test support And that'd be between the range of 55 80 and 57 25 And that's what I see when we take a look at Oxenotl petroleum SNP said we can come back to devon energy and fang at the uh towards the end of the show If we don't have any other requests We've got three right now. So let's go take a look at them. The first one is take a look at ticker symbol h y g And h y g is i'm not mistaken is one of the bond funds out there A high yield corporate bond fund. So as we take a look at it on a monthly time frame You're in bar number nine of a td9 count That says on a monthly basis you should form a td9 count bottom between this month and july If we look at the weekly time frame You've got a roadsman to indicator signal that's been triggered. No bullish reversal candle If we did get that that would confirm a bottom and then suggest price moves up to 76 oh one You do have a td9 count pattern on the daily time frame price above the oscillator and changeline with inside a bullish structure daily profile So what h y g should do is make its way up to 75 85 If it can clear 75 85 it's going to deal with that red oscillator change on on the weekly basis at around 76 oh one If it can clear that you're off on your way to 76 54 And if it can clear 76 84 you're probably on your way to 79 24 the td9 count breakdown Area out there. So again the confirmation or the the summary for h y g Um monthly potential bottom signal won't get any confirmation until july on that Weekly no bottom confirmed at this stage here a bullish reversal candle would do the work there And the daily's got a confirmed bottom suggest at least to move to 75 85 So hope that helps out the individual looking for h y g Johnny wants to take a look at british petroleum BP is the ticker symbol out there. So let's go ahead and get that populated. See what we find and uh Is it british petroleum is still is it is bp british petroleum? Um, here's what i do know whether it is bit of british petroleum or not the monthly time frame is going to confirm a td9 count Pattern this month So you've got the td9 count top in place that would suggest to move back to 26 47 On the weekly time frame. I see a consolidation that consolidation We can easily draw in that rectangle or that square formation out here. So that's the pattern that initially, uh, let's where is it here? It's a rectangle So to me I see a clear weekly consolidation Pattern out there now the cool thing about the consolidation pattern is whichever way you get a break of you should get a measured move Equal to or greater than the consolidation I I don't know which way the consolidation is going to break I just simply see that pattern that is out there the daily time frame says well I'm not ready to break to the downside because I produced a td9 count bottom on friday And that suggests because I'm back inside my daily profile But I should at least move to the center which is where that red oscillator and change line is So 29 59 is the number with regard to bp and where it is headed to so price last week Got down to the bottom of the consolidation on the weekly basis on the daily basis in form a td9 count bottom It can't bust into the downside should bust in the upside watch 29 59 your price can close about 29 59 Then you're off to 30 85 and above 30 85 would be off to the top of the consolidation We're not saying it's going to the top of the consolidation You have to take this one step at a time that first step is going to take place at the 29 59 level So jody thanks so much for writing in I hope that helps you out glenn wants to take a look at uh rcl I think that's royal caribbean cruise line. Is that it rcl? Or is that uh, or am I mistaken nope? I'm right the royal caribbean group out there and uh, I royal caribbean group out here Td9 count top Was bar number eight that identified the top this is closed below a td9 count bottom It did that in the month of june prices broken through its td9 count breakout level of 45 71 This suggests getting back to 30 86 If we take a look at the weekly time frame the weekly time frame says I beg your pardon I have a td9 count bottom And however this week is the bar following bar number nine So you could theoretically get a lower low and that would still maintain the pattern out here But because we've got a td9 count bottom What that should do is take us up to that oscillator and change line or near it because that line might fall So the current price target is 52 75 well a folks if price going to get to 52 75 This is an easy peasy call here Because we can see on the daily time frame what price is done is installed right at where the sellers are at And the sellers are at the top of the profile the top of the profile is 41 95 the high today is 41 90 41 84 Yeah, 41 84. So that's the resistance level royal caribbean has got to close above 41 95 to then suggest That what the weekly chart is communicating to us glenn is that it wants to make a move to 52 75 Now if next week not this week if next week price takes out the lows from two weeks ago That would of course be three weeks ago, or i'll give you what those lows are those lows would be For that low would be 34 10 not this week But next week your price would close below 34 10 Well one that suggests moving back to the 30 86 level, but you've got that big wide ranging bar out here on a monthly basis It's got some pretty decent volume So if price did close below 30 86 you'd be looking at a run down to 19 dollars and 25 cents out there So you got the nice bottom on the weekly you've got the nice bottom That was a td9 account erosement to indicator bottom signal on the daily time frame out there And now price has got to take out the resistance zone So hope that helps you out glenn and thanks so much for taking the time to write in That gives us a chance here to go take a look at debon energy Really just kind of an update since we looked at that i believe on thursday or friday of last week for snp So let's get debon energy to populate on our screen see what we see out here And we're just going back to the daily time frame which did form a td9 account bottom It did that on friday uh prices above friday's high price should be making its way back to the 63 27 level 63 27 is the current oscillator and change line. Let's go take a look and see what fang is doing out here Again, just an update out here fang is uh printing right now at come on drumroll it's printing at 124 15 This too formed at td9 account bottom for its daily time frame Held the week or the monthly oscillator and change line which puts it into neutral territory right now Price should go target the 134 20 level to snp. I hope that helps you out. Thanks for taking the time Steep roads with tfn. 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We're going to take a keep an eye on the uh, let's see whether further requests out here Looks like we're good. So we're going to certainly keep an eye on the spot follow tilt x Which is trading below its 50 day exponential moving average the 50 day is currently printing at 2801 The vixx is currently printing at 2745 odds favor move back the 25 26 ish area As long as the spot follow tilt x is below its 50 day exponential moving average Which is where it's out right now Then it's uh, it uh, it suggests that the s&p should move sideways Too higher you ever pull them back just a bit today, but That's really not that big of a deal out there Um, if I take a look at the advanced decline oscillator for the new york stock exchange Currently printed out at 124 64 So the question is does this get to plus 150 or above 150 or is this of my is this a plus 150 failure And I don't know the answer to that question But right now things are pointed to the upside we should see When I say uh, market breadth looks pretty strong inside the new york stock exchange So we should continue to see higher price out there And if we take a look at just from a seasonal standpoint Now this does not take into account the midterm elections But as you can see and the red line is where we're at right now A few days ago is typically when we see a bottom inside the s&p 500 Turns out that that's in fact what we saw out there So seasonally and this suggests that price should move up into the middle of july out here around the 15th time frame But we are in this is a 72 year cycle pattern out here But we are inside of a uh, we are inside of a midterm election cycle And so we can also take a look and see what the midterm election cycle looks like And that would be like this and that really suggests that we have a market that's trending Upward but very choppy And I believe that these are most likely the conditions that we are in out here a very choppy to uh, Move to a higher type move out there We should at a minimum though We're in the cycle where we should see a higher close on friday Or a close friday above last friday's close out there. That's the way that I'll go So folks stay tuned you've got two more great hours lined up for you your favorite bowler bear david white Tom O'Brien will take us on home. I'll be back with your amount terrific Tuesday. You have a magnificent Monday. Thanks again for joining