 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 morning folks, welcome to the May 8th, the marvelous Monday 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 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 circumstance that life is going to toss at us. Now today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I 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 pick up that phone. We'd love to hear from you at 877-927-6648 but if you got a question you can't call in go ahead and send me an email. Send that early, send it off to Steve at tfn.com and inside the subject heading please put radio show question. Now if you're inside our Tiger's Temple then any and every ping will do. So let's go ahead and get this show started on magical, marvelous Monday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We got a mixed bag out there. The mix just the S&P added to it. Just went slightly green up by 75 cents. The Dow's off 40. NASDAQ's down 24. Russell's off 3. Semi's are down 2. Trendy's off 32. New York Stock Exchange is up 45. Lead the charge dollar wise. The upside you have first citizen's bank shares up 71 bucks, 7 percent. Zscaler 17 bucks, 20 percent. Alpha, metallurgical resource up 12 bucks, 8 percent. Netflix 8 bucks, about 8 bucks, 2 percent. And next-tier energy up 7 bucks and change. That's about a 13.5 percent move to the downside. It is micro strategy, bad strategy today. Down 26 bucks, nearly 8 percent. Shockwave Medical 15 bucks, a little over 5 percent. Regeneron Pharmaceuticals 13 dollars, 1 percent. Catalan, Inc., down 13 bucks, 27 percent. Insulin Corporation down 11 bucks or 3 percent. So we got some movers and we've got some shakers. But what's going on inside the general markets? Well, I would say resistance, resistance, resistance here. We start with the weekly timeframe chart. First thing, you'll see that the NQ traded up into the top of its weekly profile. 13348 is real key number two watch. The ESMini is forming a brand new profile. This profile is inside the prior profile, tells us about a consolidation that's going on. Now, that's the ESMini giving us two consolidation messages. We'll go back and look at the daily chart here momentarily. But the daily is giving us the same signal as the weekly chart is at the moment. Russell is just finding support at a rising trend line, but still trading below the weekly profile out there. So nothing great to write home about. Just a good old fashioned consolidation with inside the current profile for the Dow equity future contract on the daily timeframe. Here you'll see the consolidation on the daily. You'll see the new weekly profile that is forming. You see the new daily profile that is forming out here. Now, what I would expect is that we will see price make its way up to the top of that consolidation. So now we'll expand that to the 420625 level. That's the top of the new daily profile. That is for the ESMini. In the case of the NQ, it's up at, now look, the ESMini, you don't see it here. If I flip over to my other charts, what I want you to know is that the ESMini is up at resistance. It's the oscillator and change line. The oscillator and change line, as we speak right now, is printing out at 4154. We're at 4152 and a quarter. So we're up at resistance there. We're up at resistance on the NQ. We're up at resistance inside the Dow equity future contract. It's attempting to get back inside its daily profile, closed below for more than two days. Old support can become resistance. In this case, that's what it's doing. $338.19. Now, price can close above that, get back inside the profile. $339.75 would be the next move. And in the case of the Russell 2000, it's also up at resistance, descending trend line and the bottom of a profile out there. So it's very easy to take a look at the markets and communicate to you exactly what's going on. Everything right now is sitting at resistance. The question is, we'll break through those resistance levels. And that piece of it, I don't know. But if we take a look at market breadth, just maybe one first indication of that possibility, let's take a look at the 30-minute timeframe. In a 30-minute timeframe, for the S&P 500, as we speak right now, 206 instruments trading above profile, 104 below. That is a bullish signal for that timeframe. Let's take a look at the NQ, the NASDAQ 100. 44 above, 20 below. So we have, for the short-term timeframes, a 30-minute timeframe. This helps the intraday traders for sure. You have bullish signals. So you at least have bullish market breadth. Well, how are we doing for the other timeframe? Steve, excellent question. And if we take a look at the S&P 500, well, let me actually decide just to refresh the screen. I'm going to start with the NASDAQ. NASDAQ bullish all four timeframes. So we're up at resistance on the daily timeframe. We are market breadth positive on the 3060 to 40 daily and weekly. Now, in the weekly timeframe, it's just by a smidgen. What I mean by a smidgen is 25 above and 23 below. To me, that's a smidgen out there. But it is still positive. It is still bullish out there. Whereas we take a look at the S&P 500. Remember, we talked about the S&P 500. We have two brand new signals today. Each of them telling us about a consolidating market. When we take a look at the S&P 500, we're negative on the 60. We're negative on the daily. We're negative on the weekly. And we're positive on the 240. Sounds to me like choppy conditions ahead. Don't expect the market to necessarily break out to the upside or break down to the downside. Just a good old fashioned consolidation, which really isn't a lot of fun to trade out there. But when you are in consolidations, basically the principle is you sell at the top, you buy at the bottom out there. So that's what's going on. We take a look at the equity future contracts. We go take a look at switch panels out here. We've got a couple of minutes. We go take a look at the intraday chart. See if there's any kind of signals out here. Now these are the daily charts. Let's move these over to the intraday charts out here. So on an intraday basis, I would say the five hour and the four hour, really the four hour for the NQ is the one to keep an eye on. It looks to me like this is the one telling us the picture. Now, what do you mean by that, Steve? But what picture is it telling us? Excellent question. Well, first picture that is telling us is where is resistance. It is clear as a bell. Not that bells are very clear. But if you look at $13,353, that is a TD9 count breakdown resistance level. And what in price do on a four hour time frame chart? Well, we've got right up to that resistance area at five o'clock in the evening. And that was done on May the 5th out there. Today is May the 8th. Well, couldn't bust it to the upside, as Tom likes to say, tries to bust it to the downside. Where's the support to the downside? Clearly that green oscillator and change line. What's a green oscillator and change line mean? It means a price oscillator is above zero for a 240 minute time frame. Those are bullish conditions period end of story. Now, that doesn't mean that there aren't battles because there are on a 200 foot minute time frame chart, $13,330.73 basically is where the top of its current profile is at. But we also know $13,353, there's resistance. So support is held, can't bust them down. Now, price is going to try to bust them to the upside. It's got market breath conditions that are bullish to suggest that that 240 minute chart will get up to that $13,380, $13,330 level out there. What else do we see? I see a wave number seven bottom on a 15 minute chart out there. That has confirmed price above their profile, it suggests it wants to move higher. 30 minute chart is dealing with resistance levels, those resistance levels being the top of its profile and it's also done change line. That's $13,375 and $13,311 and change. Steve Rhodes with TFNN. We get back to this break. We'll take a look at a couple requests that came in last week, Riot, PACW, Tesla. Then we'll go take a look at Nancy wants to take a look at Apple, Dan wants to look at AGN and the 30 Year Treasury. Reach out to us folks, Steve at TFNN.com. 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 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. 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. Steve at TFNN.com. Let's get to some of the requests that have come in. These first three are going to be from Friday. I did not get them until after the show was over and I did not write down the names. My apology for who sent in the request, but thanks for doing so. The first one is Riot. So we take a look at Riot. This is Riot Platforms. Our IoT is the ticker symbol. It's trading below the bottom of its daily profile and into a swing point with volumes. So far, it's 1118 and we've seen 12.6 million shares traded. Now, the swing point it's trading into has volume of 27 million shares. It's pushing into that swing point. Now, it needs to close. If it closes below the bottom of that swing point, then you've got trouble. What you have is an A to B equal CD to the downside. You don't have that just yet, but if you did get a close below 10.06, that would be trouble. Now, just so happens that at the price point of 10.20, you have potential support. And that is the top of the monthly profile. So go over to the very right-hand panel. And so that says that the next area to the downside that you're looking at, or areas I really, what I should say, is 10, 10.20 and then 10.06. You close below both of those and suddenly 10.06. Well, you do have a potential support area at 9.79, but with volume today being pushed like it is, more likely this would turn into an A to B equal CD to the downside, get you towards 7.50, but that 5.93 level would be open. On a weekly basis, you've got support at 9 bucks. Well, first you got at 9.80, then 9 dollars. In the case of the monthly, we've really already covered that. So that's what I see when we take a good right. I would expect right to pull back for at least another day or so. Why? Well, it had a two day up move, kind of typical. And then you typically get a two-bar move to the downside, but watch the volume because the volume is pushing. So maybe this is going to be something more than that, but you still have to watch those swing points. So that's what I see when I take a good right. Thank you for waking or waiting until your weekend for that review. Let's take a look at the next instrument, PACW. PACW right now trading at about 6.25. So this is a PacWest bank corp. It does have a TD9 account bottom. It did confirm that. And you can see that where price ran into resistance this morning as it gapped up was the top of that daily profile. So we know where the sellers were residing. The sellers have proven themselves out there. And so you're watching 7.28. Now it's a bullish structured profile. And price is trading above its oscillator and change line. It is red. If price closed below it, and it being $6 and a penny, we'll call it $6, if price closed below it, we likely go experience a 3.44 to 4.40 level up there. No bottom pattern on a weekly. No bottom. Well, I have a wave number seven, potential wave number seven move. I don't know how reliable that one is going to be on the monthly. But you do have that daily bottom and a consolidation, nothing on the weekly chart that looks very enticing to us. So maybe you just got consolidating market for the time being with inside that daily profile. And the last instrument from Friday was a take a look at Tesla. TSLA is a ticker symbol. Tesla this morning is trading above on Friday closed above the top of its daily profile. That suggests we have a change in trend, change in trend to where? Well, the next move, 176.56. 176.56 is the bottom of its daily profile. Now what it looks like to me is we may have a weekly Gartley by pattern inside of Tesla. Let's let's run the A to B line out here and that will just simply move this over to the C point. Well, we're going to try to without messing the entire chart up. All right, let's try one more time, Steve. Let's see if you can do it. There we go. So yes, most certainly. So you've got a one to one A to B equal CD was confirmed last week with that bullish engulfing currently two weeks ago with the bullish hammer candle. So I can I can share with you that shareholders are absolutely on a Tesla saying we're making a bottom. However, it's got resistance 176.56 and then a battle above that would be 186.83. And that looks to me like where Tesla wants to ahead to know this is going to be day number four or it appears it may be day number four of consecutive moves higher. It depends upon the close. So if we get that what we should expect and anticipate is probably a two day pullback, probably a two day pullback inside of Tesla. So that's what it looks like we've got coming force over the next couple of days potentially could start today. But I don't have any signals to suggest that that's what's really going to happen today. So that's what we have. We take a look at Tesla. I hope that helped whomever requested it out. And thanks again for the request. Now Nancy, she wants to take a look at Apple and she's asked that question. Hey, where's it heading from here over the next couple of days? Well, Nancy, here's the issue that we really have with Apple. Last week on Friday, it completed a TD well, it's incomplete it completed bar eight of a TD nine count 90% of the time when you get a successful bar number eight completion. In this case here, it's the high of the pattern thus far. You get a completed confer you get a confirmed TD nine count. Now we also know that the high can take place this week or next week out there. So that sets us off to the daily chart for us to interpret what shareholders want to do right now at 11 23 in the morning. They're telling us price wants to move higher. It does have a triggered Rosemont Dominicator signal, but it also negated on Friday a confirmed Rosemont Dominicator signal and price closed above. It's a bearish engulfing candle out there. So a no top on the daily a a a warning message on the weekly and the monthly is trading about the top of its profound green oscillator and change line. So conditions are bullish, bullish and bullish for those three timeframes. Therefore, where is price likely to head to? Nancy, you know, the answer to this question is going to be the top of the swing point that remains out there as we take a look at the weekly timeframe, which was also a wave number seven pattern. It was also a TD nine count and it was a Rosemont Dominicator. But nonetheless, that is where price is very likely headed to. And where is that 182 94? In other words, conditions are present at the moment for that to unfold. If we take a 30 minute timeframe chart here for Apple, what do we see? We see a Rosemont Dominicator top it pulled price back below its profile. It's back inside there right now. So it doesn't look like and that would look like it was a false breakdown because there's only one bar below the bottom of that 30 minute profile out there. So Nancy, I'd have to say price wants to move higher needs to do it with the markets. We know the NQ is up at resistance. We know the NQ is up at resistance out here. So I just Apple wants to move higher, but you got to expect it to be a very choppy move or I would expect it to be a very choppy move. So I do hope that that helps you out. The next question is from Dan and the Tigers Denny wants to take a look at AGEN. So let's get over to these charts here. I've got a popular AGEN. We'll get this thing pulling up here. And on my other screen, I'll figure out what AGEN is doing and make sure that we've got the right price point, which right now looks like it's trading at about a buck 58. And the question is, is now the time to add. So in this case here, Dan has a investment or a trade in this at least has got nice Rosemont Dominicator bottom for back on April the 13th. Price runs right up into a resistance level at the top of a Profile 180. It's trading below, it's traded below that you're now back inside there. So what you want to really see price do today, Dan, so price is sitting at support. Did we test the swing point? We did not test the swing point. Don't need to. But price at support and what you do want it doing today is closing above a buck 58. And you're trading at a buck 58. You know my white background screen says a buck 60, my black background says a buck 58, it's a buck 58. Consolidation and TD9 count bottom on the weekly timeframe chart has simply led to a consolidation. And it's trading above its red oscillator and change line. You've got a monthly TD9 count bottom, hammer candle, well doji candle from last week. Safe to add. What are we doing on the 30 minute timeframe chart? Well, here's what I would say, Dan, you're already in at 154. So yeah, you want and if you were just to start a position, so to speak, then yeah, now would be the time to add. You just want to see it keep that bottom of that profile at that buck 58 level. Steve Roach with TFNN, we'll be right back. Hold report. As a precious metal, gold is still king. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at 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. You got the Dow trade down 100. S&Ps off five. NASDAQ 34. Russell's off nine points. We're taking a look at the charts here. I think we have for the 30 or 30 year treasury. And the question that has been posed to me is where do you add if you are in a long position. And the answer to that question I would have to say would be the bottom of its profile. And so the area would I be looking at Dan would be between let me give you the range. The range here would be between 129.02 and 129.17. I'm going to move actually over from the white background charts to the black one for a moment. So let me this will be provided with a little bit more clarity. Now we get different profile levels occasionally even though I'm using the same data. But the ones that are more consistent are the ones that are being produced by eSignal. So I'm going to expand out this chart here Dan. And you can see that what it's actually doing right now is it's pulled back into a boiler structured profile. So it's really within side that support zone between 129.17 and 129.31. But there's also this consolidation pattern that I see out there. And that's where I gave the low from the trading day of May the 1st out there. So on that basis with regard to the daily timeframe that's what it's doing. Now we're going to change back to the other set of charts so we can take a look at some of the intraday signals or the intraday charts supporting that idea that now might be that time to add as price gets back into a boiler structured level. Well if we take a look at a 30 minute timeframe chart the answer would be yes. Why? Because it confirmed a Roadsman to Mindicator bottom with prices consolidating right now inside his profile. The 60 minute chart Dan formed a Roadsman to Mindicator bottom and now ATD 9 count bottom has been confirmed. It's going to complete at 12 noon. No bottom signal on the 20, 120, nor on the 240 and price at support on the five hour timeframe chart. So at least intraday you've got some potential for a rally. No resistance levels have been taken out. So again to summarize on that 30 year treasury price is back into an area of support out there. I don't know what your timeframe is new position not add on the 30 year. Oh new position Steve not okay. So you know here's a daily chart or you know the intraday charts out there. Is there a timeframe Dan that you would primarily rely upon for any kind of signal change I don't know what type of position you're looking to add here. Just because that would add some real color to it at least see if there's some kind of patterns present on that timeframe. So I'll leave things as is right now midterm to midterm to daily. Then what I would need to see to add now I need to see those 30 and 60 minute oscillator and change line levels fail. And then that would be your confirmation that that you should have added right now. You know what I mean. So hope that helps you out. Thanks much for the question. And let's go on to the next one. The next one is P double a and a P double a let's get to that chart. Give me a moment. Actually let me close this down. Free up a little bit of resource. And now we get to P double a which is plain plain something. Let's see is a P double a is is planes all American. And the question is will it move higher out there. Well let me share with you what will stop it from moving higher. Which right now is the top of its daily profile. And that level is at 1290. I think this might have been a question from Roger inside the Tiger's Den. Yeah I think it was from Roger. Do you see any signals of this stock moving up in 30 days. Right now the oh I take that's not the top of the profile. The top of the profile is 1313. So what do we have here. What do we have here. What did we get at the top. All we got at its high and their high that I'm referring to was from April 24th was a stock that ran higher into TD 9 count breakdown resistance rods at 1329. And then price pulls back gets below its profiles but you do have a new profile that formed on Friday. So your level of support here that you're watching is 1226. The actual low today is 1266. So I'm sorry 1260 1266 is the bottom of the profile. So what price did today so far is a pullback and a test and held support. If press gets below that level then what I would say is really opens up the door for 1188. I know you were asking will this thing move higher. The only it's going to have to clear 30. Let's say that let's say the answer to that were yes because it held support. What you do know is 1329 and 1313 are going to be key resistance levels for you on a weekly timeframe. The pullback last week was nothing more than a test of support the bottom of that weekly profile at 1216. So that's a short term bullish thing. What did it do from a volume standpoint. It was tested a swing point from the week of March 24th that did volume of 22.7 million. Last week that test was done with 21.8. So you really do have a test with lighter volume at a swing point. Can't bust them down. Price tries to bust them up. Well in essence that's what it did this morning. Roger did bounced up to the or very close to the oscillator and change on the weekly timeframe of 1299 out there. So that's another level for you to be watching is that weekly oscillator and change line. I haven't answered your question yet because we're really looking for the stock charts to answer the question on a 30 minute timeframe chart. What do we have? We have a TD9 count top at price below support. I would say that PAA wants to on a short term basis that's the 30 minute timeframe wants to go target that 1248 level. So your specific question is do I see it moving higher. I don't see it taking out 1329 and I don't see it. Maybe I don't see it. I don't have any signal right now to suggest that it will take out that level could still trade higher but watch 1266. Lastly though I'll just take a quick peek see if there's any kind of seasonal data out here for Plains American pipeline. PAA again is the ticker symbol. Let's see if anything comes up on our season next chart and we do have it. So let's see how much data we have 24 years worth of data and in the case in this case here it's seasonal pattern during the last 24 years is that it moves higher into about the early part of June the first week of June out there. So you've got that going for you but if that's really going to happen price has got to be able to get back above that daily greenhouse that are in chains on a 1283. So Raj I hope that that helped you out and thanks so much for the request and have a wonderful day. The next question coming in is from Duke and Duke is asking a question he wants to buy the ES mini and natural gas. So how is Stevie going to how is he getting into that. Well I know one way is to Duke let me just let me just restate what I had said earlier. Let me do it maybe by doing this here. You have the ES mini at resistance. So I would never tell you to buy something at resistance because resistance may hold. In this case here that resistance levels at greenhouse and change line and that level is at 41 52 because we do have a new profile. It is bullish in structure. The new profile gives you the potential to buy this at 40 76. My saying it's going to get back there. No not at this second. I don't but that would be the place where you would consider between 40 76 and 40 105 but not now at resistance and we're at resistance on the NQ we're at resistance on the Dow we're at resistance on the Russell 2000. So you have all four equity future contracts at resistance. Typically if you can't bust through them it's going to try to bust them back to the downside. So you please use that new daily profile new bullish structure daily profile for the ES mini and the answer to your question might be somewhere between 40 76 and 40 105 but you want to look at what's going on in the intraday charts before you make that decision. We come back to this break. Let's explore the natural gas option that do want to take a long position. 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. 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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 directioninvestments.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 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 foresight fund services LLC. This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ. So I switched over to the black background chart here for natural gas because it's picking up the new daily profile that is attempting to form out here and it's a bullish one. It's bullish in structure. Now price right now is trading above the center of that profile and that's a 218 duke and a close above that is going to suggest to run to 242. But the question is is this just a normal move in a market that's been moving lower which this has most certainly been moving lower. And I don't think we know the answer to that question just yet. So I'm going to switch over to the white background charts and we're going to try to answer that or what does natural gas need to do today specifically that we would like to see or I would like to see. So as we take a look at it here are the monthly weekly daily and then some of the intraday charts for natural gas. Now on a daily time frame I'm going to expand this out. We can see that you have both a roadsman to indicator signal and you have a TD nine count bottom pattern. Now that TD nine count that the the roadsman to indicator signal needs a bullish reversal candle the TD nine count pattern does not. What the TD nine count pattern needs though today is price must close it's got to back up a bit price must close below 2.214 or 2.236. So if it closes above 2.214 this TD nine count pattern that you see here today that will go away when we look at it tomorrow because it will have violated the rules. And then what I would say is price just likely to run up to 242. I would prefer that at this stage here I prefer that you wait. I took a long position this morning inside of natural gas. My hope was at that stage that we would not get a close above the close of bar number five out there. So just simply have to assess this one step at a time. And again that level is 2.214. Now the reason to consider where we talked about this now I think for the last couple of months out here but you but the nice thing about last week was that move lower triggered bar number nine of a TD nine count. So this pattern is going to complete this week. But what the struggle with natural gas is happens to be that red oscillator and change line. Well the oscillator change line red or green. It's been a problem. It's been a problem for natural gas since September 2nd on a weekly basis. So it's quite a while out there. But we do have we got roads between indicator signal that needs the bullish reversal kind of what you do have a complete confirmed TD nine count bottom pattern that will complete at the end of this week out there. So we got signals. What else can I assist you with. So on the interday charts what do we know now the 30 minute chart potentially it's only 1144 but potentially if it does produce a bearish engulfing candle I would have a short term top but it's really neutral price has to get really below 2.214 to have any meanings of the downside no top on the 60 nothing on the 120 bar number eight on the 240 that means you still need another eight hours eight hours and 15 minutes before we know anything about that chart out here and run into resistance on the five hour time frame of the TD nine count breakdown area. So I don't have a great set of signals out here to suggest that we're going to get that close a Duke that we'd really like to see on the daily time frame. But if you're asking me which of the two would you take a long position and natural gas but if I'm you just going to wait. I think I'll wait another day maybe another two days out there max. So I do hope that helps you out. Thanks much for taking the time to write in. Now I do not believe oh there we go. Thank you doji. I was going to say I don't believe I had a another request out there but doji inside the Tigers then was kind enough to take care of that and doji wants to take a look at the doji. PayPal PWPL. So let's get over to the charts that I have that can do that. That was not the set. Let's try this one. PWPL. There we go. So PWPL PayPal. What is it doing? Give me a moment. Sorry for the dead air. That's the wrong panel. This is the right panel. PWP. No it's PYPL isn't it? Yeah PY. Geez Stevie. PYPL. No wonder we didn't get any data out there. So now let's take a look at the PayPal which is trading out at 75.92 and it is trading about a bunch of these charts are popular. You'll see that. These charts show 75.65. It's trading above that. It's also trading above the top of a new profile 75.41. So who asked about PayPal? Doji. So doji can you please look at PayPal consolidated in a channel since April 20th? Oscillators are trending up on the daily and earnings after closed. Thank you. So let's take a look at PayPal in a daily time frame. See what we see out here. We saw a nice little rising trend line that has held. We see a sideways consolidation just as you've pointed out. We have a new profile that formed today. Looks to me like PayPal will go up towards the top of the consolidation. Is it the high of the shooting star candle out here from March 9th up at the 79.27 level? Is it the high of the basically the bearish engulfing set of candles up at the 77.95 level? Or is it the top of the new profile? The top of the new profile? It's a daily profile. That's really interesting. So I've got a top of a new. Oh no, it's trading above the top of the new profile 75.41. So it did show up here. So I don't see it busting it to the downside with regard to the earnings report. Don't know that it will bust it to the upside. I think you have this really nailed out here. Doji has been in that consolidating market. Likely to do that. It is trading above resistance, but you don't know. And if it did bust above this consolidation, the next resistance level up to the top would be 82.85. Now that's courtesy of the daily timeframe. Let's peek in on the weekly or the monthly. Boy, the weekly shows you the consolidation. Big time. And it's been going on for quite a while. I mean quite a while out here. You'd have to say it's been going on since February of 2017. No, February of 2020. Oh, just yeah, February. So for the last several months out here, you've got to confirm bottom. Road's meant to mitigate our bottom on the monthly timeframe chart, but prices betrayed below profiles. It's kind of an ugly chart out there. Kind of an ugly chart out here. We take a look at PayPal. But with regard to earnings, I suspect if it bounces higher, bounces up into resistance, those levels we looked at, the bounces lower back into support at about $71.58. So hope that helps you out. And thanks so much for that request out there. Another request coming in from Roger, I believe. Yeah. Oh, no, Dan, let's see. Four years when I read on a negative. Nope, that's not a request. That was MacGuppie. And Roger would like to take a look at conical Phil. COP is a ticker symbol. So let's fire that up. And conical Philips is trading at at the moment last trade fired off at 10210. 10210. And what this is doing here, Roger, it is trading with inside its consolidation or it's trading into the top of the daily profile. Give me a moment to see if I open this up. If we could easily pick it out, it's kind of hard to pick it out. I'll back it up just a tad, but you can see it's a bearish structured notice. It is. Yeah, it's a bearish structured profile out here. So the top is at 10212. We're trading right now at 10210. The center is at 10132. The bottom is at 9650. So the cool thing here, if it can't bust through resistance, the level that you would be watching, Roger, is going to be that 10132. If you got a close blow, 10132, that's telling you that we had back down to the bottom of the profile. And that's at that 9650 level. That's what I see when I take a look at profiles. What else do we have out here to assist us with regard to conical Philips? What else do we see on the daily timeframe? I don't see much there to add to our reading. We did have a test rejection of a swing point. That was done with 10 million shares with a swing. It was done with 6.8. So you do have rejection at swing point on the daily timeframe. I think you've got to consolidate with the set as profile levels, Roger. We come back, we'll finish looking at the weekly and the monthly, see if there's anything else out there. And then we'll finish out the show. Be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of 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. 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Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. So, we've finished off the charts here for ConocoPhillips. What we can see, the only thing else that I was able to identify is the mere fact that you are in bar number three of consecutive moves higher. Last two times we've seen that, we've seen at least a two-day pullback. So, we know that we're up at resistance inside of ConocoPhillips on the daily timeframe. And this looks to me like to expect a pullback for at least one or two days out there. So, new hope that that helps. From a seasonal perspective, if we pull this over here, Mr. Bill's asking about that. Let's see what COP looks like. Let's see if we've got the data. We go for ConocoPhillips. How much do we have? We have 41 years worth of data. And so ConocoPhillips shows that we're at a top, basically, right now. A pullback for a few days, May 13th, and a move higher into the early part of June. So, that's what the ConocoPhillips looks like out there for you. So, I do hope that helps you out, Mr. Bill. Let's get to our last request. This last request coming in from Ron. Ron wants to take a look at OHI, which is Omega Health Investors. And his question is, you're looking for potential entry. And also, he says, long-term, my correct, this is a consolidation. Yes. Look at the very right-hand panel, Ron. That's the monthly timeframe chart. And so, it is straight with inside a consolidation suggesting that it wants to move higher to the top of that consolidation. Well, if it's going to do that, price must take out $29.26, the level where it found resistance last week, which is the top of its weekly bearish structured profile. If it can do that, then what price ought to do is get up to $32.57. Now, on a daily timeframe, so what you like is, we're up at resistance. Will it hold? I don't know. But you wanted an entry price. So, your entry price, if resistance can hold, would be the daily green oscillator and change line. It is currently printed at $27.71. If price pulls back, that number is going to fall lower. But I'll say between $2707 and $27.71 would be the area to take a long position. So, yes, a long-term consolidation. You've already hit the top of a resistance level on the weekly. That says stay put. If you get a pullback, your entry area could be between $2707 and $27.71. So, we got to everything, which is always a beautiful thing. Folks, stay tuned for all the great program we've got lined up for you. Sorry about these choppy consolidating markets. But based upon those new signals inside the ESMini, I think we got to get used to it for a period of time. Have a terrific day, folks. Marvelous Monday. I'll see you on terrific Tuesday.