 The following is a presentation of TFNN. The Traders Edge with Steve Rhodes. Toll free at 1-877-927-6648. Or internationally at 727-873-7618. The Traders Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the May 16th, the terrific Tuesday edition of today's Trader Zed 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. And 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 ship, well, it means we can find a 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're going to 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'm absolutely grateful for your presence here, but even more important than that. And that's this. It's just 53 minutes. I'm here to serve you. So feel free to pick up that phone and dial on in at 877-927-664. Now, if you've got a question which you can't dial in, you can always send me an email. Send that early. Send it to Steve at tfnn.com. And inside the subject, please put radio show question. Of course, if you're inside our tiger stand, 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. Right now, we've got a mixed bag out there. The mix goes like this. A dollar's off 206 with the S&P down 11. The NASDAQ 100 is up 59. And the Russell's up 22. And the Russell, the Semi's are up 22. And the Russell is off 17. That is a mixed bag out there. Gold's off $19. Silver's down $0.10. Let's recruit off 40 pennies. National gas is up $0.06. And the 30th Treasury printed out $128.27. That's down nearly one full point. Now, lead the charge dollar-wise to the upside. You've got service now up nearly 10 bucks or 2% lamb research, 10 bucks or nearly 2%. Treads Digim, 7 bucks, about 1%. Super Micro, 6 bucks, nearly 5%. Universal Display, 4%. That's about a $6 move to the downside. It is up, oh my home limited. Oh my goodness, down 60%. 18 bucks Restoration Hardware off 18 or 7%. Horizon Therapeutics, 17 bucks, 15%. Decker Outdoor, 3%. 15 bucks Rooney's and a lot. El Nile Limit Pharmaceuticals off 14. That's a 7% move to the downside. Let's begin first with, hey, what are the markets doing right now? Right here and right now. So to do that, we're going to switch over and take a look at the 30-minute time frame. They may be ruling the day. So we'll switch over to those white panel charts. Give us a moment. We'll get those populated. And what's important about the white panel charts that will set you up for the rest of the day is the TD9 count bottom. So we're always looking, if we can get uniformity, we can get the set of time frame charts, in this case here, the equity future charts, to all line up with each other. And it just improves our odds. It doesn't guarantee diddly, but it does improve the odds. So we did get TD9 count bottoms that took place. That was at 10.30. So just before we were coming on the air here. Now, here's the issue with the ES mini. When you get a bottoming pattern, price is going to get up and test it and change it. I don't really care what color it is. In this case here, it's red, not exactly ideal. And it's tested that it rejected that. And it's still printing below the bottom of its current profile, which is at the 41.36 levels. As long as price remains below that, well, then we could see a retest of this TD9 count bottom. If price were to close below 41.27, even Stephen, and on a 30 minute basis for the ES mini, that would be telling you that price wants to move lower. And lower would be back to the Rosemont to Mindicator bottom pattern from yesterday. But unless I'm sorry, that was on May 12th out there. And that would be in the range of about 41.11. We have a TD9 count pattern that formed out here inside the NQ. That occurred at 9.30 this morning. That then took the NQ higher. The NQ negated a TD9 count breakdown level. That should have contained price it did. That's a bullish signal. But what I do see on this 30 minute timeframe charted, it is currently in wave number seven. So there is a potential for a topier short-term top inside of the NQ. If we take a look at the Dow, Roger wanted some intraday and end of week data for the Dow. Can't give you the end of week data. Not because I can't because I can't. But here what we have intraday is we can see the TD9 count bottom. So what you're looking for here, you're watching that low. And that low, so far the low of the day 33.129. If you see a 30 minute close below that Roger, price is headed lower out there. Otherwise what should occur is we should see a bounce up to that oscillator and change line. Currently print around 33.251, the Russell 2000. Also a TD9 count bottom. Should take price up to 17.54. Other than getting up to those oscillator and change lines, it's uncertain as to what might unfold next. And I say that because the NQ is the one that's driving the market. So at this stage here, if we get a confirmed wave number seven top, we have still 19 minutes before we can confirm that. And in order for that to happen, you have to have a lower high. So that means we cannot see price spike even to this level. This level being 13.529.75. If we do that, wave number seven extends and we have to wait another half an hour for confirmation on that. But the 30 minute timeframe chart for the NQ is mega bullish. Although it's got that seventh wave top, why is it mega bullish? Because it's above the screen, outside of the change line. It's above a TD9 count breakdown level and it's above the top of its profile. Now that's what's going on in a 30 minute timeframe. Let me finish off the Dow equity future contract. Just see if there's anything else out there here. As we take a look at that, well what there is on the daily timeframe, it's going to be easier for me to switch panels here, switch screens. So give me a moment, we'll go back and take a look at the daily timeframe. That's important for everybody to take a look at. So here we can see in the case of the ESMini, not just trading with inside of consolidation, with inside daily profiles, but it's also got a descending trend line out there that's acting as resistance. So in the case of the NQ, you can see you've got that 13, 490, 425 level. If you're close above that, you don't have a topping signal. You do have bar number eight. You still need bar number nine to complete. If you get a successful bar number eight, 90% of the time you get to bar number nine. It says there could be a top end that far as between today and Friday. Short of that, price wants to go target 14,000 and three. That's the one to one A to B equal CD to the upside. In the case of the Dow, Rogerness, what's important for you is prices testing the bottom of its consolidation pattern. Now I could probably move that consolidation just a tad lower. I won't. We'll just leave it right here. But right now, price is testing a key level of support. If it does break below or close below, odds favor a retest of the swing point from back on Mark Z at 15. Now it could be a test of the high of that swing point at 32, 443. But what we could have is a consolidation breakdown and that would give us a measured move and that would most certainly take us down there. In the case of the Russell 2000, even though prices traded below the bottom of its profile, it's really just a sideways range. So that's what's going on. We take a look at the daily timeframes as we go back and so you're at support. So Roger, you're at support on a daily time frame and while you're at support on a daily time frame, you've got that TD9 count bottom on the 30 minute time frame. If price close below that TD9 count low, we already gave that number 33129 odds favor. We're headed lower. We get a breakdown. But of course we'd really have to see what it looks like at the end of the day. Do I have any other bottoming type patterns inside the Dow? What could a future contract? The answer there is no. Do we have any kind of other topping patterns inside of the NQ, the leader in the clubhouse out here? And the answer is I'm not certain. We're going to go ahead and populate those charts. But quite frankly, close above 13, 494.25 at 2 p.m. when to get a TD9 count top. I just know that because I haven't memorized. That would be a TD9 count top for the five hour timeframe chart that we're taking a look at. Do I see any other kind of tops? Well, the four hours got a TD9 count top as well. That says you could get a TD9 count top in it by this evening. Steve Rhodes with TFNN. We'll be right back. 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. 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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. 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Welcome back, folks, so we tried connecting or fixing that little, I guess it wasn't much of a little noise, there was a loud noise out there, so hopefully it's fixed out there. And if not, we'll just do the best that we can. So let's get to some questions out here and the first one coming in really yesterday from Sat P and we just didn't get the chance to get to it and the question was really about Airbnb. Now, I don't remember what the question was, so I'll just give you the analysis of the chart. It looks to me like Airbnb wants to go target its TD9 account breakout level and that'd be down to about $99.84. Your trading below profile, you crushed it. You crushed below that profile a couple of days ago. I don't see any kind of a bottom-mean pattern. The swing point, which was on April 6th, had volume of 14 million shares. It was taken out with 14.7 million shares, so that could be an A to B equal CD to the downside. The next price level of support on a daily timeframe is at $99.84. The weekly timeframe, if you get another close below the bottom of its profile, which is at $106.98, you could be looking at $86.75 out there. So that's what I see when I take a look at Airbnb out there and thanks so much for waiting. The next question came in from Mimi yesterday. She wanted to take a look at Wells Fargo. WFC is the ticker symbol out here. And right now what Wells Fargo is doing and formed a TD-9 count top on the daily timeframe, did that on April 19th. Then price formed a TD-9 count bottom. It did that on May the 4th. And so now we have really price trading between its breakout level, which is at $3706, and its breakdown level at $4160. But it's below the daily profile, $3907. So this has just got a, I'm not sure what it wants to do message Mimi. I see a large consolidation between the breakout and breakdown levels for its TD-9 count, but other than that, I don't see much in the weekly timeframe. Price could easily be pulling back to test $36.61. Looks like it's already been able to hit towards that oscillator and change line at the $39.18 level. So not a real clear messenger other than a sideways consolidation. Though a monthly chart is problematic. Now, what it has not done though is close below the B point of an A to B equals CD. And so what you want to do with here, Mimi, is watch this price point. That's the price point from back in June of 2022. And that would be $36.54. If you were to get a close below $36.54, you'd then be looking at a large A to B equal CD to the downside. I'm not going to figure out the calculation, but $21.17 would definitely be the price target area. So that's what I see when we take a look at Wells Fargo. Let's go on to the next request out here. The next request was from S&P and the Tiger's Den. Wants to take a look at ticker symbol NEE out here. So NEE trading right now at about $7604. That's next tier of energy. It's really trading at $76.21, which is right in between its profile. So this has gone back inside the profile. A close S&P below $7703. What's it really open up the door for? Well, it's a bullet structure profile. Price got down pretty darn close to the center of that profile, which is a support level. The center is at $75.64. The low so far today, $75.78. So nothing's been broken. Volume about 2 million shares. The swing low that it's trading into has volume of 8.1 million shares. So even though you're about 2 million, it's still light volume as moving to that swing point and support has not broken. So maybe what we're dealing with here is just a bit of a consolidation with inside its profile levels. That's what I would call it at this stage of the game. On a weekly basis, you've got a consolidation with inside its profiles. That shows the better consolidation picture S&P, and that's between the bottom of that profile at $74.46 and the top at $78.46. On a monthly basis, next-tier energy also consolidating with inside profiles. Now, this will be day number two, or it appears it'll be day number two to the downside. As we take a look at the dance steps here for next-tier energy, it's basically has had a 2 to 3 bar move to the downside. The last 3 bar move took place here on March 23rd, and then at its low back on March the 1st. Otherwise, the other dance steps have been 2 bar knee-jerk reaction lows. I don't have anything to suggest that we won't see some type of 2 to 3 bar knee-jerk reaction low. So that says we should see a bottom form or at least a bounce that would occur either tomorrow or the next day out there. So I hope that helps you out with regard to next-tier energy. Thanks so much for the request. The next request out here is from Brent in Martinez, California. And Brent wants to take a look at natural gas. So let's pull up natural gas here. Let's pull up those charts. Let's actually go and read the question. And the question goes like this. It says, don't do that, Stevie. The question goes like this. I appreciate your analysis of natural gas. Has it been a more sustained rally? Yes. What levels each direction of support and resistance should be watched in a daily and weekly? I hope you have a terrific Tuesday. Thanks, Brent. And I hope that you do the same as well. So we've got the charts up here for natural gas. And you've got a nice TD9 count bottom. And what we have here, Brent, which we have not had for some time, and that is a close above the top of a weekly profile. Now, we don't have a close above it yet, but we are trading above it. Last time was, for example, September 2nd of 2022, the weekly chart. So if we do get a close above it this week, that suggests, hey, we have a change in trend. Now, that does not mean that we don't have a battle because we do. You've got a battle that's going on right now on the weekly base at $2.50. That's the center of that profile. And the top is at $2.74. And the TD9 count breakdown level, we did say it has a TD9 count bottom pattern, is at $3.14. That's the weekly time frame chart. The daily time frame chart shows that price is dealing with resistance right now. Now, resistance right now is the top of its daily profile. And the top of that profile is $2.42. We are trading, it's really 2.429. We're trading at 2.432. So it's at that resistance. It's bar number seven out here, Brent. So if price can close above that, that says we could have a change in trend out here. But of course, you know that we could get a TD9 count top. But let's not deal with that. Bar number seven doesn't tell us the whole hill of beans out here. But what we're looking for is if this can close above $2.4229, that would be another bullish outcome for National Gas. That's for the June contract. So it does appear that National Gas has bottom, both with that daily roadsman to indicator bottom pattern. And the weekly TD9 count bottom. Now, on an intraday time frame out here, the five-hour time frame chart did form a TD9 count top. This current bar closed at 2 p.m. And it closed above $2.4229 to be exact, negates that signal and tells you about a strong upward momentum moving. If we get that Brent, then that would suggest to me that we at least see a rally into bar number eight, maybe bar number nine of that TD9 count system. So that would be another couple of days. That would say at least we would likely get a short-term top in natural gas around Thursday or Friday of this week. But still too early to make that call. But a close above that TD9 count top on the five-hour time frame chart, that would be an indication that would suggest that that would be more likely of a outcome out there. So hope that helps you out. And thanks much for taking the time to write in. And as you can see, we've got a request here from Joe. Joe wants to take a look at Boyle. I'm looking to get back into Boyle. I think Boyle is the... I'll just put this up. I mean, we're long natural gas inside of the newsletter. I'm pretty sure it's these charts, right? Let me just see here. Yeah, so Boyle would be the two or the three X ETF for natural gas. So you're up at resistance. So we just did, you know, we didn't do the review of natural gas for Brent. So that still holds. But you're up at resistance on that daily time frame. Would I ask you to buy resistance? And knowing that we're in bar seven, we could get a short-term top. I probably wouldn't do that. Instead, I think what I would do here is I would... I'd wait for a pullback, at least a one-day pullback or one or two-day pullback out here. But I don't know that we're going to get that here right away. That's the point. See, we're out to a TF&M. We'll finish taking a look at Boyle as soon as we get back to Mr. As a precious metal gold is still king. It continues to hold the most effective safe haven in 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 and join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TF&M hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas with their friends and family. 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At tfnn, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. 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 4.00 p.m. Eastern. 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. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. So we're taking a look at Boyle, basically the question about trying to get into Boyle. So what I want to do here is let me pull up the June natural gas contract. They're just going to create a new chart here real quickly. This is going to show us consecutive days up and consecutive days down. So give me a second here to get that chart populated. Okay, that should come up and I'm going to pull this over. So I want to take a look at this just to try to get a feel for maybe what we should offer as a suggestion or advice out here with regard to Boyle. So as far as consecutive days to the upside, that's a weekly time frame. Let me get to the daily time frame. So on a weekly base we could be two bars to the upside. So I'm going to leave this for just a moment. So we can see here and typically if you take a look at, it's dance steps. I think it's a pretty cool tool just to try to understand the markets here. So if we take a look at, even in this bearish market here in natural gas, you know, take us back into September, we can see that the rallies have lasted primarily two weeks out here. There was one three week rally, but it was pretty much flat. That was the last one back on April the 28th out there. So we're in that two week rally phase. We know we could get a TD9 count top on the daily time frame by Thursday slash Friday out there. So, you know, do you play it for a couple of days? I can't make that call. I wouldn't. I think you're looking for more of a longer term trade out here, but certainly you could wage your end. Now we're going to be in bar number three to the upside out here. And you can take a look at even coming off of the lows out here, these rally attempts have not lasted more than three days. So now I'm going to suggest, no, don't even, I think just play the odds here, right? This is really all about trying to master a probability. And the fact that you're in that position now doesn't make a lot of sense. Not that it can't rally, right? But we just take like, what does it normally do out here? Even though we're not in normal times right now with price above that weekly oscillator and change line out there, but I would still wait and be patient. And what I'd be patient for would be a two-day pullback. That's really what I was getting at earlier. So I think that that's what would be the better option to enter a boil out there if you're not in it right now would be to do just that. I keep this chart off the side here. I include that with the newsletter. Okay, so that takes care of that question. Let me see what else came in. Well, I know I've got a couple questions in the den out here. So let me get to those and I'll go back to the email system. The first one was from Nancy, or the next question is from Nancy, who wants to take a look at Apple. So let's pull up the charts for Apple. That was not it. Here are the charts for Apple. So what do we know about Apple? So on a daily timeframe, I'm just going to expand this out here, Nancy. What we're going to see with regard to Apple is that a roadside indicator does not have a topping signal. And the reason it doesn't is this bear sash candle that set up a roadside indicator top for May 9. The high of the prior candle turns out to be resistance. That's at 173.85. And this close here was 170. Oh, I take that back. We do have a roadside indicator top that is still in place out here inside of Apple. But here's the deal. It's lost its momentum and it's not visible but it remains above the top of its profile. So even though it has a top, Nancy, its signal to you and I is neutral. That would change with a close below 1792. Now, what is important about Apple, certainly, first it's waiting inside of the QQQs, but also right now we have a weekly TD9 count top. And as you know, you've listened to the show long enough, or even if you listen to it for just a half an hour, you'll hear me say at some point in time that we've got a TD9 count top, we've got a valid top, a roadside indicator top. What's that mean? Where's the price going to head to? The oscillator unchanged line. So on a weekly basis, what Apple should be doing is moving back towards 165.08. Now, the other thing that it could do won't likely do it, but it could do it is take out that TD9 count resistance. And if it does that, well, this is the bar following bar number nine. So it really doesn't come into effect until next week. Now, Nancy, Apple is neutral on the daily timeframe. It's cautious on the weekly timeframe. The monthly is having a party. And I say it's having a party. It's above its green oscillator and change line. It's above the top of its profile. And it says he wants to get back to test that roadside indicator high out there that wave number seven top. But I'm going to say the weekly and the daily are the ones that are in control as we speak just now. Nothing else for me to share with you on Apple. So I'm going to go ahead and go ahead and talk about Phil inside the Tigers and had a question and it's really going to be a stopper for Stevie because Phil's question was about a inverse head and shoulders pattern out here. I am not a head and shoulders kind of a guy, but look, this would be the head down here. This would be the inverse right where the cursor is at. Or I'll just take a I'll just take a tool out. A rectangular tool. So, you know, here's here to be the head shape. Here's the shoulder shape. I guess I have to hit that twice. Hold on. Sorry about that. So here's the rectangle shape. All right. For one shoulder. Then you got the rectangle shape for the second shoulder out there. Now what you like to have right is about an equidistant in time, you know, between one shoulder to the next between the head and it looks pretty good to me at least for my work. So, but you know, then you got to take a look at the necklines and all that stuff. Phil, I guess the point that I wanted to get to is I am a novice when it comes to head and shoulders. It's just and I don't I don't visually see the pattern that often I've trained my eyes just to look at other things out there. It's nothing against this pattern. It's just that it's I haven't mastered it. It's really as simple as that. What I can share with you is really what we shared with you all, you know, in the Dow being at the bottom of a consolidation pattern. So I just simply take this this one rectangle out here. We could probably adjust it. We could probably find a similar but not the same type of a consolidation pattern inside of the Dow diamonds. And you say it's probably about like this or what have you. And so what I would say is that if the consolidation pattern breaks, you then have a consolidation measured move so we can move that down towards the bottom of this consolidation. See if I can do that here. Can't get the cursor to work. There we go. So we move that down to something like that. And what's that tell us? That tells us that if we break through the consolidation what it's going to do is get us get us back to that TD 9 count breakout level. And that's really what I would use here. That's what I would say would be the downside target. It could be a little bit below that. You've just seen that, but it really be that 32284 level to TD 9 count breakout area. So my apology that I don't have that experience to be able to I can visually see that head and shoulders, but to then be able to elaborate on what that's going to mean or what needs to take place. It's just not in my wheelhouse. But maybe if you want to call into the show we can certainly put that screen up and show it to folks and you could walk people through that. I'm not against anybody doing that. We're really here just to pass that information to assist folks. So I hope that helps help you out. I think I've gotten to everything inside the Tigers. And no, you've got to SVRA not Saab. Okay. That is for Dan. SVRA. So let's go ahead and get that up. And it looks like maybe Nike as well. So we'll take a look. Let's say SVRA up on our screens right now. Let me make sure I'm on the right screen. I am. That's a beautiful thing. So as we take a look at this, it's straight at about the 216 mark. Let me just make sure SVRA and it's trading above a prior swing point. Looks like an A to B equal CD pattern. I don't know if it has the volume. The volume. Oh, it's got the volume big time. 252,000 shares today taken out of swing point that only had volume of 88,000. So that, and you're trading into resistance which is the top of that weekly profile Dano. So 216 is your little thorn in your side. If price came close above $2.16, then the A to B equal CD pattern that is underway now on a weekly base. You've got the same kind of pattern out there. That would give you, let's see the volume there was 314. That's it. You're already above it. You've got a weekly A to B equal CD. You've just got to deal with that resistance. Those those ugly sellers. They're sitting at 216. Take them out with a shotgun. Steve Rhodes with TFNM will be right back. 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 TFNM.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. TFNM.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 TFNM.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 that 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. TFNM.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 C-H-A-U or C-H-A-D 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 Perspectus and Summary Perspectus contain this and other information about Direction shares. To obtain a Perspectus or Summary Perspectus please contact Direction shares at 866-4767523 The Perspectus or Summary Perspectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principle. 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. Folks, so we take a look at the stock charts out here for a ticker symbol It's SVRA, it's a Savara ink out here. Now what it's done is completed the 1 to 1A to B equal CD. Let me just change panels. You'll see the A to B equal CD pattern out here. It'll be the same for the daily or the weekly time frame. So we'll get to the black background panel to see the A to B equal CD. You can see how this is traded on the left-hand side of the C to D leg. That tells us that this is a stronger move than A to B and that this is going to do more than a 1 to 1A to B equal CD to the upside. The retracement was a 51% retracement. That tells us it's likely to do more than a 1 to 1 move to the upside out here. That next price target will be 235 and above that 249. Again, on the weekly base you can see the resistance level of its profile at 216. On a monthly base you can draw in some TD, or you can draw in some trend lines out there both to the upside and to the downside. So those can be some other battleground areas for you. So that's what I see when we take a look at the SVRA. So stick with that trade. It looks Moy Blano. You also mentioned Nike. Nike's going to form a TD-9 count bottom today. I know it's one of your favorite stocks out there and I think you were saying about some call action out here. So what we've got Nike doing is forming a TD-9 count bottom at TD-9 count breakout support which was 115.77. This area has been tested. Now the last time that price was down here was back on March 13. The volume on that move was 6 million shares. So far today in two hours to go, you're at 2.6. So you are pushing that area with volume. So I think what this suggests to us is that we get a TD-9 count bottom that forms in the following bar number nine that price spikes that low of 115.79 and ideally it close back above it. Well that's in 6 million shares. And if you have that and then the TD-9 count well then I'd say you're in pretty darn good shape out here for at least a bounce up to that oscillator and change line. Which would get us up towards 123.26 or 123.69 level there. So that's the news off of the daily chart. The weekly chart has a brand new profile as well. And that's formed was at this week or last week. That was last week. And that profile has support at a price point of $1,803. But we're trading below that, Stevo. We are. It's Tuesday. So Dan, if price close below $1,803 on Friday, that's not a good scene out here. But we're not going to worry about that today on a Tuesday because the daily timeframe says, hey I'm here to save the day when it comes to Nike. So now we know what it needs to do. We know about the pattern. We know about the volume. And now it's time to just sit back and see if in fact that's what unfolds. Now, could the bottom be forming right now, Stevo, even though it's moving down with volume? And the answer to that question would have to be yes. It could be. Why would it have to be yes? Well, we look at a 30-minute timeframe chart. When price gets back to 11, all the area of support where we look for intraday signals, intraday bottoming signals. Well, it turns out you now have a confirmed rose went to indicator bottom on a 30-minute timeframe. However, the profile that just formed is above price. It's well above price. 11918 is above that profile. That's sort of a bearish type message. Not that price can't get up there, but when profile says we have overhead supply inside Nike. So I think you got a short term intraday bounce that's going on. I would still be patient and wait to see how tomorrow plays out just simply because it's moving back to volume out there. So that's what I see when we take a look at Nike and even though I don't know if you requested it, I do hope that that information helps you out. We had a request to go take a look at the XLE. I think that might have been might have been SNP. I apologize, I forget. But what we do have with regard to the energy sector, the energy sector is sitting while it's trading below support, the sport of its daily profile, which was 7864. It's moving into a swing point from back in March 16, 2023. That swing pointed volume of 44 million shares on that day. So far today the XLE has done 10 million shares. So it's moving back in that swing point with light volume. But even if it closed inside that swing point with light volume and that would require a close below 7840, it can still go test that low. That low is 7536. Will it get to that low? I'm uncertain about that. Price is testing support. That's the bottom of its weekly profile, which at 7689. So inside the XLE, if we start trading below 7689 that increases the odds of getting back to test that swing low, we're kind of sitting right at support right now. So I think that's an area for you to watch. The monthly chart isn't really helping us. The monthly chart is saying, well, look, Stevie, if we break through that swing low on the weekly timeframe, again, that was 7689, then I want to go explore 6840. And I would say, well, if you break through that swing point that we took a look at the one from March 16th, and you do that with more than the 44 million shares, then I'd say we're in agreement that that is in fact what wants to take place out here. So this is the only the first day down in a down day inside the XLE after a two day bounce. So we're likely to see the energy sector move low for at least one more session, maybe two more sessions out here. Is it a guarantee? No. But we are moving to that swing point with volume. So what this is telling me, even though I said that weekly is at support out here, it's not one where you would take a long position, or if you were not risk averse, then you would go ahead and perhaps take that long position. I would say I would wait, though, and see how tomorrow plays out, and see how that 30 minute chart plays out, but it does look like we're in store for another down day with regard to the energy sector. So whoever made that request, I do hope that that helps you out and thanks much for doing so. Let me check the phone lines real quickly. I'm still showing Nike. Oh my goodness gracious. Stevie, Stevie, Stevie. Well, do I have to repeat all that? I probably do. I'm not going to, but I'll show you the gist of it. Here's the XLE chart. It's this swing point right now. Today's move going to this swing point from back here on March the 16th. You can see the weekly back at the bottom of the XLE profile level, so it isn't an area of a support. The weekly is in between profiles, and that's where it brings up 6840 here. We're going to watch the bottom of that weekly profile out there. That's the best thing we've got, as well as that 30 minute TD Nike. No, we don't have any kind of pattern on the XLE for the 30 minute timeframe chart. And here was the clear fact that this was day number one, and the pullback, we should expect there to be a two to three day pullback inside of the XLE. We did revisit it, but that was a much more shortened version of it. So now, sorry about that, but thank you for keeping me honest inside the Tigers Den. Hector also wants to take a look at Google. So Dennis wanted to look at Google. Hector wants to take a look at Google. I think we get the charts for Google up on our screen here. And Hector goes on to say recent breakouts are long term consolidations isn't a clue about the indexes soon to follow. Don't know that Google's going to be the the kicker that you know is the one to follow versus Apple or not, but certainly it is one of them to follow. But with regard to Google and we're going to change panels here because you're going to take a look at the A to B CD panel as well, because it has confirmed A to B equal CDs out here. So let's change screens. Let's actually get the symbol up on our screen, G-W-O-G and here we should see the A to B equal CDs actually pop up. So we do. So on a weekly basis you can see the next target level for Google is up at 1.272 expansion or 1.2113. So there's different A to B equal CD panels. Here's the daily time frame. So on the daily I'm showing a shorter A to B equal CD. Now the B point was out here on the trading day of April 6. 34 million shares when the B point was passed it was passed with 47 million shares. We had a less than .382 retracement. You know how I like to at least get a .382 retracement. This was a 31% retracement. But price did find support at the bottom of the profile. So I'm good with this. So what Google should do is target 12404. It may and it's likely to do more than a 1 to 1 which would get us up to the 129.69 level. Now the issue here and I'll flip back real quickly here to the other charts is that this is going to be bar number 7 on a daily time frame and that says that you could see Google form a TD9 count top between tomorrow and Friday. Steve Rhodes with a B point and we'll be right back. 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For all the details and to start your subscription today visit fnn 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 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 on 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 tfnn has launched the Tiger's Den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris's for just $1 for the year no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com Welcome back folks to Mixbag Tuesday you've got the Dow off 203 the S&P down 10 Nasdaq 100 up 73 the semis up 31 the Russell's off 16 Trendy's down 129 we are looking at the charts here for the SMH's and so we know we've got a weekly TD9 count pattern inside the NQ we know Apple's got a TD9 count top on its weekly you know it's got a Roach Mentor Mindicator top on its daily we've still got a NQ still has a Roach Mentor Mindicator top I don't think the market is likely to top at least until we see the SMH's so there's a question from Hector hey Google it's breaking out it's not an indication of the market moving hard it could be it could be when I take a look at the SMH and we look at the patterns that are in here the weekly timeframe is an A to B equal CD pattern now the swing point which was 125 18 that was from the session of May 2 had volume there about 3.3 million shares yesterday it was passed with 6 million shares so you've got a confirmed A to B equal CD to the upside your price projection on the SMH's let me do that on my other screen out here the 1 to 1 gets up to 127 55 so basically almost we almost got up there the actual high of the day so far has been 127 38 so 127 55 out here but what this needs in order to confirm a top is going to be a bearish reversal candle I think if we get that Hector then that probably does signal that we've got some type of 2 week to 2 month type of a pullback but I don't think it's here just yet so I think we've got at this stage here I don't think that we've got it if we take a look what's going on inside those 30 minute time frame charts we started the show off with those they were giving us at least the bottom signals which have worked so during the last hour we came on 11 it was pretty easy for us to just go back and say hey here's 4 charts same time frame deal with the futures all of them having TD 9 count bottoms that was telling us to expect at least a intraday rally and so far that's what we've received folks out here just subscribe to mastering probability I've got a 7-8 hours worth of workshops up there and we'll teach you exactly those secrets here teach you exactly how to use these tools stay tuned for all the great programming I'll be back with you on wonderful Wednesday please have a terrific Tuesday thanks for joining me we'll look forward to seeing you again soon take care