 Educating investors. 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 July 18th, the magical Monday edition of today's Trader's Edge show. I'm your host, D.B. 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's having a great day. Hey, let's make sure we have an extraordinary one of the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance that life is going to toss at us. Now, today, you and I, we're going to 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 to know I'm absolutely grateful for your presence here. But more important than that, and that's this. During this next 16 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on at 877-927-664 if you can't tell, and we've got you covered there, too. You can always let those fingers do the walking. That means go ahead and send me an email. Send it to Steve at tfn.com. And inside that subject heading, if you would be kind enough to put a radio show question. Of course, inside our Tiger's Den. Well, any and every ping will do. So let's go ahead and get this show started on magical Monday. Of course, this is Tiger. Financial News Network, I'm Steve Rhodes. Welcome to the show. Right now we got all the US indices trading to the upside. Now it's up 82 points, about a quarter percent, half a percent for the S&P or 21 points, a little over 1% for the NASDAQ 100, 133 points there, one and a quarter percent for the Russell, 22 points there, one and six-tenths percent for the Semais, 43 points there. The Trendies are up one and six-tenths as well. That's 209 points to the upside. You've got the Spotify logistics is up 40 cents, but still trading well below its 50-day exponents moving average. That's still positive for the S&P 500. Gold's up six bucks, Silver's up 24 cents, lights recrudes up 418. Natural gas's up 41 cents today is going to become bar number eight of a TD9 count with regard to natural gas. That does suggest that there could be a top of the foreign between today and Wednesday. 30 treasures off one point and six-thirty seconds trading out at 138.27. Lead the charge dollar-wise the upside. You've got the booking holdings, 77 bucks, four and a half percent. Chipotle, a 47 bucks, three and six-tenths percent. Tesla, 26 bucks, three and a half percent. Mercado, Libre, three and a half percent plus at 25 points to the upside. To the downside, it's Gorilla Technology Group of 13 bucks, 35 percent. Regeneron Pharmaceuticals off 2 percent or 12 bucks. Thermo Fisher, scientific up one and six percent, 1.6 percent, that's nearly nine dollars. Sea Genes off nearly nine dollars or five percent. So we've got plenty to look at. Of course, I want to look at what you want to look at, but let's go ahead and begin by taking a look at the general markets out here. So let's start with, let's see where my screen was. Let's start with just understanding market print. Let's focus in on the ES mini or the S&P 500. Is that all right with everybody? I see everybody shaking their hands, saying yes. So let's switch over and take a look at what's going on there. Now here, we're taking a look at our TAS market profile breadth. We've got our four different speed dials up right now. 60 minute, 240 daily and the weekly. And we can see that the only one that is in a bearish setting is the weekly timeframe. So let's just start with the weekly. We'll get that up on our screen here. Now when I say bearish setting or whatever terminology I used out there, what I'm referring to is the number of instruments that are trading above the top of a weekly profile versus those trading below the bottom of weekly profile. Right now it's the bottoms that have the advantage. That puts us into a bearish crossover. And that says that to continue to expect this a choppy market that we are in. You have 49 instruments trading above the top of the daily, up top of the weekly profile, whereas you've got 216 trading below the bottom. Now the weekly is the one that is the real thorn in the side of the bulls, the daily is not. The daily had a bullish crossover, 279 instruments. I apologize, 149 instruments above the top and 74 below the bottom. We take a look at the 240 minute timeframe chart. That is more bullish, 261 above the top, 557 below the bottom. What comes as a 60 minute timeframe chart out here? You've got 281 above the top, 50 below the bottom out there. So we've got that for you. Why don't I, let me see if I get this up here pretty quickly, because I know I see some folks are short and the S&P 500 specifically. And so what I was going to try to do what I am gonna do, I'm not gonna try to do it. I don't try to do anything. Either do it or you don't do it. You know what I mean? And so let's go take a look at, let me get this here so I can pull this over. Let's look at the 30 minute timeframe, just kind of to, not kind of, to assist you with what, with regard to what the markets are doing here, the S&P 500 that is. So in the case of the 30 minute timeframe, you can see you are still in a pretty decent bearish crossover. What that means is you have 246 instruments trading below their 30 minute profile and 54 trained above the top. So we wanna go take a look at the multi timeframe charts here for the S&P 500, try to give some guidance for where there might be some support levels. Now, let's switch over to our white background charts out here, and the white background charts will have some real good intraday time periods, but the ones that we wanna really expose focus on will be the 60 minutes. So the interesting thing about the 60 minute timeframe chart, as we open this up, what we can see here is you got to wave number seven, that was letter G. That was the high that was put in. There's also a cell, the D point, A to B, B to C, C to D all the way up here. That took place at about six o'clock this morning. And now what we have is prices trading below the bottom of its profile. So ordinarily I would say to you that the targets of the downside would be 3850, but knowing that the 60 minute timeframe has a bullish crossover in place out there, we're not gonna say that because I don't, I think that would be somewhat disingenuous. Now, it's not that it's impossible, but positive market breath says something to think about. Now, we saw the 30 minute timeframe chart did not have positive market breath. It had negative market breath. So for the ES mini, let's go ahead and pull that open. Now, in the case of the ES mini, it also on a 30 minute timeframe, form wave number seven, that was up here at the top. It was also a cell, the D point pattern. And price right now, as we came on the air at one o'clock, did close below the bottom of its bullish structure, 30 minute profile, 3888 is the number to watch out there. If price remains below that as we come into 130, then this is going to suggest that you could see a move to the 3870 area. 3870 is the TD nine count breakout level. You've got wave number four, that's letter D. So it always says be cautious out here, only be cautious, as Maslow likes to say, rightfully so, that sometimes you get something different that happens after wave number four out there. You and I, we like taking a look at that seventh wave out there at letter G, that often identifies tops and bottoms. Does it always? No, but when it's present, you pay attention to it. So here on the 30 minute timeframe chart says you could get down to the 3870, we're 3886 out there, but knowing that that 60 minute market breadth has that bullish crossover, fairly good market breadth out there, good idea as the folks in the den are, continue to move your stop to the downside and protect some of those profits. Now, we look at the other charts here for the ESMini. If we look at the five hour timeframe chart, the bar that's currently present will close in 46 minutes at 2 p.m. Looks like that is going to confirm a TD9 count top. Now, you can get a TD9 count top, our number eight so far is the high of that pattern. Write a TD9 count breakdown resistance of 3,975 cents out there. We take a look at where this is suggesting prices target. That would be, it's awesome to change some. Currently trading at 30 p.m. would be profitable. Gotta take things one step at a time, get back to the straight, we'll show you some of those other steps. Sooner. Steve Rolls with TFNN, good luck. Plumbing inflation, we are purchasing powers eroded, there's no better place to protect your harder and money than in gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in the T1 mining district. 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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. 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 market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared 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. Welcome back folks, that was up 72, S&P is up 18. We'll take a look at the ESMini charts out here, both the five-hour, four-hour timeframe. Charts have a valid confirmed TD9 count tops out there. In the case of the ESMini, it looks like it's bar number eight that's gonna generate that topping up pattern. In the case of the 240 was the bar following bar number nine. Both of them have ascender and change lines, which have changed colors. Now, typically when you get a top or a bottom and you have that in play out there, that's when we start to see price pullback to that area. Now it could be a rising line with price pulling back, but right now the price targets are in the 3850, 3855 level out there. And I would say if we look at, okay now as we go from those larger timeframes down to the smaller one, if we look at a 10 minute chart, price in essence right now is set to break out level of 3884 and a quarter. Portraying just below that. If that gives in a 10 minute bar, we've got one minute, less than a minute here for that to occur out there, then that says the next target becomes the next lower level or higher level up 15 minute, 3879. If 3879 cracks, then the 30 minute chart, which has a sell the D point pattern, we're bringing it to play 3870. If we get that below 3870, then we'd be looking at that 3855 area below that, then the 3849. So it's one step at a time. And what you wanna do as kind of your laboratory experiment is watch how price deals with each of those areas out there. And of course, for their specific timeframe. So it was a 10 minute again at 3884. The 15 minute was at 3879. The 30 minute was at 3870. And then the asset and change lines, you've got those for the multiple timeframes out there. So that's what's going on inside the ES mini. Now, not surprising that we're seeing the markets pull back. The daily timeframe, which did close above the top of its profile on Friday, in this trade above the top of that profile, you can see where we've got this just simply bearish candlestick formation. Those become resistance levels. In fact, we've got two different evening star candle formations out there. So that already set up that 3922 to 3950 was your resistance zone because of those candle formations out there. But it was the intraday charts to sell the D point patterns. That the subscribers and I took a look at earlier this morning saying, hey, I know we've got a nice rally out here, but we've also got topping signals in these intraday charts out there. And they have most certainly taken hold. And it does look like they want to take hold for a little bit longer out there. But remember, the other thing to remember out here is we do have this positive market breadth for those three of the four primary timeframe, 6240 and the daily out there. So that's the ES mini. Let's do this here because I don't want to get behind on the request out here. We can always come back and take a look at the markets. We can go take a look at the NQ next. But right now let's go to one of our first questions or let's go to our first question out here. This one coming in from Tim M. And what Tim wants to do is take a look at two different ticker symbols. The first one is Apple. So Tim writes that he says, I hope your week was great. It was, how could it not be great with all that open championship, British open championship golf that was on. I intended on golfing yesterday morning, trying to sneak out early, but God had a different thought in mind. And that was to pour like cats and dogs over here on the beach and a little bit of thunder and lightning. And that said, okay, no golf. Just watch golf on television. But anyway, let's get back to the question from Tim. And he says, can you please take a look at NVIDIA, daily and weekly, looking to take long position when the setup is right. Also, time permitting his Apple about to complete a TD9 count than the daily question mark was concerned along there as well, but I could hear Stevie and Lee course saying that so fast. That's correct. Thanks for all you do. So in the case of Apple, Tim, what I'm not showing here is the A to B equals CD pattern that's on the way. I'll just draw the A to B line and here we'll just move the A to B line over to the C point out here. And so you'll see you've got a, whoops, you'll see you've got an A to B equals CD pattern that is underway. Price exceeded the one to one level out there. And so the next bearish reversal candle that would show up would set up the currently sell pattern out there. We don't have that right now. Price is trading above the top of its profile. The next area where it may target is the prior highs out here. Those prior highs, what we'll do is we'll switch over and take a look at what's going on from a volume perspective. But the June 1st high out there is at the 151.74. That would become the price target. I'm not suggesting that you get in on this trade here right now, especially knowing that you've got a confirmed A to B equals CD. And I suspect that we have light volume today. In fact, right now I've got my other chart. I can just tell you off-screen, you're at 32 million shares as we speak. We've been trading for four, I think 10 to 11, yeah, four hours. I like that math that I'm able to do. So let me get that going. I'm gonna see what the straight line linear math looks like. So you've done 32 million shares. Says that today's volume is about 52. So the swing point that is trading into Tim is from June the 1st. We already mentioned that. That had 74 million shares. You're moving into 52 million shares out there. Yeah, so it doesn't look like it wants to bust it out. In fact, did price test the top of that swing point? That's interesting. 151.74, today's high is 151.57.0. Hasn't tested it and rejected it just yet, but you do have a lighter volume. So no reason to get in. Now, if you did get a top out here, one of the first places you'd look at for a potential entry point into Apple would be about the 14382 level. That's the current daily oscillator and change line. What else do we have out here? So you still like that TD9 count bottom on the weekly, price trading above the top of its weekly oscillator and change line out there. All that looks pretty good. It's the volume aspect that is a bit concerning. Volume and price. If price can catapult that 151.74 level, then it may be off to the races to the upside with price wanting to target the 163 to 167 level out there. But I would just sit tight. And it looks like we should at least get some type of correction. Maybe it's just tomorrow. That's really a one day correction out there, but I would sit tight and I would watch the 147.55 level. That's the top of its daily profile out there. And I just shared with you the metrics on the volume, so we don't need to do that. You also wanted to look at NVIDIA, NBDA. NVIDIA is home of the Pelosi's out there. You gotta love that, don't you? I mean, goodness gracious out here. What a political system we have. Let's get NVIDIA up on our screen out here. Let me get this going on the white background charts. So NVIDIA I can share with you here. It's gonna pop up shortly. His price is trading above the top of its daily profile and it's setting up also an A to B equal CD pattern. This is confirmed with volume. So the swing point that NVIDIA is taking out was the swing point out here from July the 8th. That July 8th swing point had volume of 46 million. You're already doing 42 million shares out here. So you're gonna have a confirmed A to B equal CD to the upside. Now I'm just gonna do this on my other set of charts out here and I'll give you where those price projection levels are. Not that price is gonna hit them exactly but we're already above the one to one. The one to one was at the 164.47 level. One to 1.272, 169.86 almost nearly where today's high took us to and above that 176.72 would be the 1.618 A to B equal CD to the upside. Now, Tim, the time to have entered really NVIDIA would have been on the trading day way back here when it formed that roadsman to indicator bottom on July the 5th. When it formed that bullish and golfing candle out there. Now price is likely to run into resistance and that's at the weekly red oscillator and change line. So that level that price would need to cross above. So I wouldn't have you selling resistance or buying resistance I should say. And you've got another A to B equal CD pattern. Oh, by the way, on Apple, you would ask me there was no TD9 account to be paying attention to out there. So we do not have that as a account to worry about. You don't have that to worry about in NVIDIA as well. So we can see that prices test at the bottom of its weekly profile. The weekly profile bottom of that box at 167.66. And it's also running into resistance or it's about to run into resistance at the 169.61 low, that's at red oscillator and change line. And the monthly chart says, hey, I still have some work to do to the downside. I'd really like to tag 134.59 out there. So I think it's too late to chase this but on a pullback it could be looking at maybe about 150.38 in NVIDIA. If we were to get that zeroed with GFNN with great time. If you wanna 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. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. 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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. Let's move on to our second question out here. That's the only thing we've got in the queue and this one is from Les J. Les writes in A-Steve, happy Monday. Back at you, happy Monday to you. If you get time, well, we've got the time we're making it right now. Can you look at a buy for Costco? I am looking to buy Costco long if I get a pullback. Yeah, long if you get a pullback, that makes sense. So if we take a look at Costco, now not shown on the white background screen here is the A to B equal CD, but you can visually see that and what you'll see here, I'll just draw on the A to B line and move that over to C that we are at the one-to-one level as we speak right now. Now, look, I'm not suggesting that you sell Costco even though it's at the one-to-one price level. The reason is, look, 60% of the time, I'm taking this from all the work that Larry Pesvento did many years ago, decades ago, so I don't know if it's changed, but the work that he did several decades ago suggests that 60% of instruments that form A to B equal CD patterns will stop at about the one-to-one level. And the other 40% will go on and do something else. Well, for me, I can flip a coin to do heads or tails and get a 60-40 out there. So that's not really a terrific set of odds out here to go ahead and sell the D point. In fact, that's what led me to trying to figure out, well, how can we figure out when to sell the D point? And what I determined out there in studying all kinds of A to B equal CD patterns was wait for the bearish reversal candle. That's one of those. In this case here in A to B equal CD to the upside. There's several others, we're not gonna go through them now, but they are shared on my archived workshops that subscribers get to listen to. But you are at the one-to-one area out here, and that does say then what you wanna do less is look for some type of bearish reversal candles and suggest a retracement or a pullback or a top. In this case here, you've got the oscillator change on, which has also changed colors and you have a profile that price closed above a couple of days ago on Thursday at 505.55 and the oscillator change on is 497.39. So on a pullback out there, and I agree with you, it should be on a pullback, those would be the areas to look at. Of course, we'd wanna go down to a short-term timeframe chart, see if there's some kind of bottom signal that forms as price is pulling back to those levels. That would be ideal. You also have the weekly timeframe and prices dealing with its resistance level where the sellers are located. The top of that profile, that's up at the 528.11 area. Is there anything else out here that I can share with you? I wish there were, but there's not. So I'm with you, I think you should just stay put, don't do anything, don't chase this here and wait to see if you get that bearish reversal candle, then a pullback and then consider that 497.505-ish type area out there. So let's thanks for taking the time to write in. Very much appreciated. And let me just check here, make sure. Nope, no more questions that have come in via email. Nothing that I see inside of the tiger stand out there. So what do we wanna do next? I think what we do next is let's go back and take a look at the, from a daily standpoint, or what's going on general market-wise. Oh, I've got a call, hold on a second here. Hold on a second here. Let's go out to Brent in Martinez, California. Brent, thanks for calling, thanks for holding. Nice to hear your voice in a moment. I'm doing great, Steve, how are you? I'm doing very well. Thanks for the call. Sorry for the hold, didn't realize that you were on the line. Ticker symbol SLX, the steel ETF out there. I believe that's what you're calling about. Tell the folks what you're doing, how I can best help you. Well, I was debating whether to just have you look at individual stocks or just do this basket of them because it just seemed like there was a fair amount of them. We looked at them before and I went with Rio because it had completed its pattern. But then there were some others that hadn't done that. And I think over that period of time, since we last spoke, that did happen with, oh, like Valiant, there's I think even Cliff and some of those. So I don't know what's gonna make the most sense to look at but I just gave you that one to look at. Well, let's do both. Let's do this. Let's first take a look at SLX and then we'll go flip over to my white background charts and take a look at Rio Tinto. How's that sound? Sounds good. Perfect, okay. So we take a look at that SLX out there. What was it? Was it an A to B equal CD completion that got you into this area? Or what was the pattern you were looking at? That is, yeah, that's what I was primarily looking at. Okay, perfect. So we take a look at SLX. This has a nice big hammer candle, not big, but it's a hammer candle that formed on July 5th, folks. And you can visually see how that confirmed the buy the D point pattern out there. And now what Price is doing today, Brent, it's taking on its countertrend rally resistance level. And that's at 48.86. The reason that we come up with that is because we can see here that this is a boiler structured profile. Price closed below the low of that for more than two sessions. And therefore the studies show that if it's just a counter trend move where Price will find resistance, is at that center line. That center line is at 48.86 and Price train at 48.47. So that's what it's doing. You'd like to see it close about 48.86. Where is that close that you'd like to see it? I don't know, but somewhere above that level that then would suggest a move up to the 50.85 area. On a weekly timeframe chart here, I don't see, I see the A to B equals CD pattern, but I don't see anything else and Price is well below the bottom of its profile out there and on the monthly timeframe chart, Price is below the bottom of the profile there as well. Let me, let me do, yeah, let me switch to one, I want to do one thing here if I can and that is just look at a daily timeframe chart for SLX out here. So I'm going to just put this up on my chart. I just, as opposed to going to a multi timeframe or something, which takes a little bit more time to upload. So I just want to take a look at this. You also had that nice roads with the indicator bottom, Price is above its oscillator and change line. So that's good. I guess I want to look at this now on the weekly for you too. Just to see, I'm just curious as to where Price is in relationship to anything on the weekly timeframe, such as the oscillator and change line. And here I'm going to pull this over just the weekly chart. And so I don't really have a bottoming pattern out here on the weekly timeframe, Brent. So just sharing that with you, that doesn't mean it hasn't bottomed. It just means I don't have one of my bottoming signals out there as we speak. So any questions about XLX before we go take a look at Rio? No, I appreciate that. That's what I was looking for. Thank you. Okay. So let's go switch over, take a look. Let's go to my white background charts here. Momentarily, we'll take a look at Rio Tinto and just see what it is doing, what it's trading into. We've got the white background charts. Now let's switch to the right screen. And now we've got our daily, weekly and monthly timeframe. So in the case of Rio, Tinto on what we have today, what we had on Friday was from a daily perspective was a wave number seven bottom. That was letter G. Today's gap to the upside. I see a lot of gaps. So I think this is a currency thing, but that's confirming the Roadsman Dementicator bottom. In the case of Rio, whereas SLX had that bearish structure, bullish structured daily profile, we don't have that same kind of pattern inside of Rio. So the general sector, watch that level because you'd really like to see price close above the center of that profile. In the case of Rio Tinto, its level of resistance is gonna be 58-59 Brent. And that is the bottom of its daily profile. If price can get inside there, then it's suggesting to you and I that it should make a move to 60-30 or 61-16. Any questions about the daily timeframe chart? No, I kind of got dropped there for a bit, even I came back to all this, I can listen to it in an archive, but I got most of it. Okay, well, the important thing was 58-59. And that's the bottom of its daily profile. So price can get above that, then you should be able to see a move to 60-30, 61-16. On the weekly timeframe, much like in the case of the sector itself, the ETF, I don't have a bottoming signal here, nor do I have one on the monthly timeframe out there. So it's very possible that this is more of a trade than a longer term investment, at least at this stage of the game. But Brent, I hear music in my ears. If you'd be kind enough to hold on through this break, I want to make sure that I've answered all your questions or any new ones that you might have. This is Steve Rhodes with TFNN. We'll be right back with Brent in Martinez, California. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities, and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the Forex market. 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Visit DirectionInvestments.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 866-4767523. 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 VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. So we've got the charts here for Rio Tinto up on my screen. We've got the daily, weekly, monthly timeframe charts out there. Brent, any questions about what we reviewed, what I reviewed out there? Is there something maybe that I'm missing on the weekly or monthly chart that maybe you've taken a look at that I should reconsider? No, I think that's it, Steve. I'm just taking a shot here with the main of what the AB equals CD pattern, and I have a pretty tight stop. So either works or doesn't. Normally, I don't give it a lot of leeway, you know, just see how it plays out. And like I said, most of what I've been doing lately has been, of course, more on the trade than being something longer term, but it just depends on the trade. Sure, sure. So what I did during the break here, I know that one of their primary raw material products is copper, in the case of Rio Tinto. And so the chart that I've got up on my screen right now is our correlation chart. Now, this is correlating. The top panel is Rio Tinto. The center panel is high grade copper, just a continuous contract. And the bottom panel shows a five day correlation. When there's a positive directional correlation, bars will be above zero. And when there's an inverse correlation, bars will be below zero. So you can see this is really heavily correlated to the direction of high grade copper. Any questions about this chart? No, thank you for providing that. So now we're going to go switch back and to make a determination whether that, you know, we should be concerned about the weekly or what have you. I'm just kind of curious, what is it that copper? What the doctor is telling us. Now, in the case of doctor copper out here, and I've got that up on our screen right now, I just put up the continuous contract here. I should have put in the September contract, but in the case of copper, what do we have? I shoot. So I thought this morning when I looked at the September contract, there was actually a rogement indicator bottom pattern that was in play out here. I don't see that right now out here for copper, but I was really more curious, quite frankly, Brent about the weekly and the monthly time frames to see what they show out here. And if you could get a bullish reversal candle this week. So let's assume that you're able to stay in this trade out there, even with your tight stop. If you could get a nice bullish reversal candle on the weekly, then you'd at least get a buy the D point pattern, which by the way, it had up until Friday towards the end of the late of the session, but Friday copper closed below the bottom of the prior week's low, which was a bullish hammer candle out there. But, you know, it's got some life right now. So I pay attention to copper as well, just simply because of that heavy correlation. Did I change screens out there? Yeah, okay, I did change screens. So any questions about that, Brent? No, thank you so much. I was gonna let you know, it's an era, I know you spent some time when I was able to be lucky enough to be down on Pacific Grove last week and this whole beautiful area and nice to be down there again. Yes, absolutely, absolutely. Well, you live in a beautiful area. Yeah, I'm very fortunate. I know I am, it's being such a great place. I have everything close. If I wanted up the mountains, it's not far off. Go to the ocean, it's close. I mean, everything's nearby, so I'm lucky to have that. Yep, that's the way it's supposed to be. Hey, Brent, always good to hear from you. Thanks for the call, much appreciated. And best of luck to you on that Rio Tinto trade. All right, thank you so much. Steve, you have yourself a great day and a great week. I'm sure I'll be able to talk to you soon. Sounds great, thanks for calling. Let's go to our next up. We don't have a question. I thought I might've had a question that came in by email, we don't. So I think we were gonna go take a look at how I was gonna go move over to our, to the NQ. That's right, we're gonna go take a look at the NQ, kind of do what we did with the S&P 500. So let's take a look at the NQ. And at the NQ, I think it's perhaps a more important industry for you and I to track where I'm at, I'm on the white background chart. So what the, I'm gonna switch back for a moment to the black background. I'll show you the levels to really be paying attention. I think it's 12, 197 off the top of my head. But we're going to make sure of that here for you momentarily. We get back here, it's gonna be right here. So it's this right hand, so I'm just gonna simply expand it out. So here is the daily timeframe for the NQ, which got up to a high today of 12, 186, 50. And it's 12, 197, that is the bottom of that profile. And that's a level that has acted as resistance two other times. Is a third time a charm or is a third time a resistance level? And it's a slightly lower high than it was the prior one. And the prior one was a slightly lower high, the one before that. So what this says to Stevie is be careful out here. Definitely says be careful because price had gotten up to resistance. Now, is that be careful supported by the intraday charts out here inside of the NQ. So let's go take a look at it. It's five-hour timeframe has a confirmed TD9 count top. And that says that price here should pull back to 11,977. That's the area for you to watch, you're 12,040 right now. If price were to close below that, then you'd be looking at 11,916 as a price target. The 240-minute chart also has a TD9 count, no, it does not. 240-minute chart does not have a TD9 count top. So it's the five-hour chart that you pay attention to out here. There most certainly is a sell the D-point pattern that has formed and is forming right now on the two-hour timeframe chart. That's suggested you could see the NQ pull back to the 11,740 area out here. The next downside price target. So the 30-minute chart has a sell the D-point has wave number seven, did that take it? No, it has a wave number seven pattern out there. And price right now is taken out as key level of sport. That key level of sport is 12,043. That's the area to watch. We have about 12 minutes left in the current bar that it's forming and a price closes below that. And you can see on the 15-minute price is cruising below it's 12,043 level out there. That was a breakout area. So prices below those breakout zones don't know where it's gonna end at 2 p.m. But if it is below 12,043, then the 60-minute timeframe chart which has a confirmed rogement indicator top suggests looking at 11,957. Okay, Stevie, you just gave everybody a ton of numbers out there. All right, let's circle back here. The levels to be watching, the levels to be watching are 12,043. The close below that is gonna suggest that price gets down to 11,977. And the price gets below 11,977. 11,957 would be the number to be looking for as a target. So now we summarize that to three numbers that you wanna pay attention to when you're watching the NQ out there. So where else does that leave us? I don't know that I can provide you with much more information than that. Other than, I guess the information would be, good question out there, was what's going on with regard to the market breadth for the NDX100? So let's go take a look at that. Good question, whoever asked that. It was like coming in through my ear out here. And right now you've got that. So this is the interesting thing. If we take a look at the weekly timeframe chart, daily 240, 60, all still with positive market breadth out here. Here's the weekly chart and 10 instruments trading above the top, 21 instruments trading below the bottom. Again, here is the thorn in the side of the NASDAQ100 out here. And that's why we're seeing some of this pullback. I would think that's why. Well, plus price hitting that resistance level or very close to that resistance level. That was that bottom of that daily profile. It's just a cool that you and I, we have that information to assist us to interpret why is the market doing what it's doing out there? To me, I just think that's the greatest thing. We take a look at the daily timeframe out here. You've got 42 instruments trading above the top of their profile, seven below the bottom. We take a look at the four hour timeframe chart. You've got 64 above the top, 10 below the bottom. And finally, the hourly chart out here, what we've got is 60 above the top, 18 below the bottom. What that suggests here, choppy market, expect the pullback. If you're a day trader out there, the levels to be watching are the areas that we discussed before we started taking a look at the TAS, market, breath, information. Steve Rhodes with TFNN will be right back. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks, so this morning or this afternoon we covered Apple for one of our viewers out there. I think it might have been Tim that had that request in and since then we've seen a little bit of a sell-off in Apple. Now, I don't know what it's gonna look like at the end of the day, but we did cover the A to B equal CD pattern. Right now you do have a bearish and golfing candle and if you do get that bearish and golfing candle that says you'd wanna watch 147.55 and then about 143.52. On the weekly chart, price finally got above that red oscillator and change line and that was a resistance level and now it may become support and that's 148.02. We've been down to a low of 148.09. So I'd say the real level to watch here is 147.55. If you get a close below that, that then is gonna signal that price should move back to the daily oscillator and change line and that's at the 143.50 level out there. So Tim, that's the area to be watching and observing while you go take a look at the intraday charts to see if there's any kind of a bottom pattern that is forming there. As far as anything else of a significance out here, nothing that I see, well, let me see here, there might be a request from SNP. It is, can we take a look at EQT? So that's how we're gonna finish out the show. Sorry that I overlooked that. EQT is gonna pop up here momentarily. Make sure we're on the right screen. We are, let's see what this is doing. Come on, come on, fire away. EQT, it's taking so long. What is taking so long? There we go. So we take a look at EQT out here. You're gonna become bar number six today. Friday was a, no, Friday's not helping us. So you got bar number six. You're above the top of the profile and A to B equals CD pattern on the upside. Looks like it wants to continue moving higher. A various reversal candle would confirm A cell, the D point pattern. You aren't moving into a prior swing point. That's a swing point out here. SNP from June the 29th. Quickly, let's see if I can figure out volumize what it's doing. Moving into that swing point, which has volume of 10 million shares. You're doing it, you're only at 3.2 as we speak. So you're moving into a swing point with light volume. Nonetheless, you can take that level out. Next target to the upside, the price you take out that swing would be 40.94. But a bare reversal candle would be A cell, the D point. Folks, stay tuned. Your favorite polar bear is up next. I'll see you tomorrow on Terrific Tuesday. Have an agonist magical honey.