 The following is a presentation of TFNN The Traders Edge with Steve Rhodes All now 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 March 29th, the wonderful Wednesday edition of today's Traders Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past. Hope everyone out there's having a great day Hey, let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is Happening for us not to us That's right. When you and I make that one little two-by-four shift means we can find the gift in every set of Circumstances that life is gonna toss at us now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning I 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 You can dial on it at 877-927-66 for it would love to hear from you If you have a question, but you can't call and you can always send an email I said that early if you wouldn't send that to Steve at tfn.com and inside the subject heading please put Radio show question of course if you're inside our Tiger's Den Well, then any in every ping will do so let's go ahead and get this show started on wonderful Wednesday Of course, this is Tiger Financial newest network. I'm Steve Rhodes. Welcome to the show right now We got a sea of green out there every US industry that we track is trading to the upside every Sector inside the S&P 500 is trading to the upside. We've got a rally will it hold we're gonna go figure that out now It's up 172 S&Ps up 34 NASDAQ 148 Russell's up 7 some eyes up 61 Trannies up 91 now gold is off six bucks trade in 1967 silver down what silver is flat at 2342 Lights we could up buck 69 to an half percent move to the upside natural gas is off one penny Trade now to 201 and 30 treasure 129 31 is the print out there lead the charge dollar wise the upside You've got Lulu lemon 43 bucks or 14% micro strategy 21 bucks 8% Centos group 19 bucks 4% Ricardo Leray up 1.5% that's 18 bucks lamb research 3.5% or 16 buck runes The shakers to the downside it's Burlington stores off about 8 bucks nearly 4% or rather the automotive 6 bucks less than 1% United Health 5 bucks a little over 1% PVH Corp 4% and 4 bucks progress software Corp down 5% and that's a 3 buck move to the downside Of course, I want to look at what you want to look at let's begin by taking a look at what do you know? We're gonna take a look at let's go look at market breath right now Where are we at with regard to market breath for the S&P 500? We had switched to Bolash on the a daily time frame. We did that earlier this morning. Let's just take a look at it So we'll take a look at all four time frames out here. This is the daily over on the daily We can now see we have 154 instruments trading above the top of a daily profile and 93 trading below those are very bullish conditions out there. It's the weekly That's the only one that is in a bearish mode so to speak you have to 85 trade above 147 below so there's the thorn in the side if you will for the S&P 500 for a four-hour time frame chart your 317 above 60 below on a one-hour time frame chart you are 400 above 37 below folks is a very strong market breath I know many people are interested in trying to take a short position out here I just say that with regard to market breath It's the S&P 500 has been in the thorn and a side of the markets here for quite some time as it's had that negative market breath out there Again, this is just the one-hour chart. We're taking a look at but we're market breath bullish here with a cup with regard to the The S&P 500 we know we're market breath bullish across the board inside the NQ. Let's just make sure of that Stevie Yeah, you're pure bullish weekly daily 240 and the 60 minutes so at this stage here from a market breath standpoint the These these gains should hold out there and maybe they're gonna be added to so we know where we're at with market breath Let's take a look at our New York Stock Exchange advanced client oscillator. We're well above zero In fact, we're headed towards overbought territory. We're not there just yet. We're up the 126 ratio a level up there once you get to the plus 150. That's where You can get into a over sold condition out there and we'd be looking for a plus 150 failure Meaning that price would turn down, but that's how we're dealing with as we speak right now at this moment It's very bullish as far as the spotball. It's also very bullish well below the 50-day exponential moving average So conditions are right you have Positive market breath out there and price should continue higher. What's holding price from moving higher out there? Well, it's where the sellers are located if we take a look at the sellers inside the Dow equity future contract The Dow's got a nice confirmed by the D point pattern What price is done is run up in that real key resistance level atop of its profile 32 797 remember It's not the intraday Levels that we see it is the close It is the body of the candle the last time that price was up here We had basically two consecutive attempts to bust through that level the first was on March 21st The next was on March 22nd today is the third time is the third time of charm Stevie has no idea, but if you do see a close above 32 797 on a daily basis That's telling you to expect a further rally if we take a look at the Russell 2000 the Russell 2000 is You know has a nice teeny nine count bottom price consulting with inside its bullish structure profile I would say that if price can close the day above 1767 odds favor word 1771 a move to the 1810 level with regard to the ES mini and the NQ with regard to the ES mini it should go target that 40 73 level But before it does that what it needs to do see if I get this on one of my other screens here So I give you the number it's 40 43 25 So 40 43 25 is number looking at we've gotten up to 40 47 75 So we know that is acted as resistance that happens to be the TD 9 count Breakdown resistance. I know that's a TD 9 count threshold level on the five-hour time frame chart So if in fact or even not a fact no, but if in fact you see a close today about 40 43 25 Then we're taking a look at price making this way up to 40 73 75 could possibly even take that out But that would be the next resistance level inside the end Q the end Q. Just simply is likely targeting 13 82 That's that roadsman to indicator top. So that's kind of a quick overview of the Of the equity markets out there Let's go hop in and take a look what's going on under the covers here for the S&P 500 So to do that with switch panels will go to our eight panel white background screens You should see that here momentarily in the lower right We've got a 10 minute time frame chart that formed a roadsman to indicator top price pulled back to its breakout area Didn't get all the way down there We got pretty darn close at 40 31 in a quarter now We've got price bouncing just simply came back to its breakout level on a 15 minute time frame chart We've got a roadsman to indicator signal, but no levels of support have been broken meaning 40 28 the breakout area We've got a roadsman to indicator top on the 30 minute time frame chart now here We have a new profile that has formed and price did close just below it at 40 36 So it's a 40 36 we closed below it on that last 30 minute bar We're trying to get back above it. So is that a false breakdown or not? I would say if at 11 30 price closes below 40 36 odds favor a further move lower now that further move lower We've got 40 31 on the 10 40 28 on the 15 40 16 on the 30 minute chart We have a TD 9 cut. Well, we've got a roadsman to indicator top on the 60 minute time frame chart Did it form bar number 9? It did not So you just have a roadsman to mitigate. So here's the level to be watching So with regard to the ES spinning we're gonna say hands off the ES spinning out because we just took a look at the 60 minute chart and we can see exactly what's going on What I mean what exactly is going on is you have a roadsman to indicator top with its bullish structured slightly bullish structured profile Having already been tested once a day and holding so that makes 40 31 the key level to watch to the downside a close below that Would suggest some lower price. 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Visit the front page of TFNN comm 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 comm the opening call newsletter is written by Basel 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 and stock prices get the opening call newsletter by Basel 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 comm 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 it number two for the year an amazing accomplishment Steve Rhodes Committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 Folks my apology for that shot clock or talk clock of violation there I wasn't paying attention to the actual clock and went right to the break So we were just let me summarize the ES many the numbers to be watching today to the downside and watch 4031 If you see a close below that certainly on a 60-minute time frame that tells us about lower price to the upside We're watching 40 43 25 we get a close above that now that'd be a five-hour close Really about 2 p.m. Is what you'd be watching for that would then suggest a further rally up to the 40 70s area But it does look like these This rally should hold throughout the day. Let's go to our first question we only have two at the moment so would love to hear from you folks either inside the den or Obviously you can get sending email Steve at TFN.com or give us a call would love to hear from me at 877-927-6648 First question come in by email and there was no name attached to it It's really to take a look at tick so a PDF s I've been in and out so it says hope hope all as well it is if you have time could you analyze PDF s We're going to I've been in it and looking for some input. Thanks If we take a look at what this is doing you've got a nice So this is a great looking equity here with regard to what it's doing However, it did form a topping pattern a complete of that topping pattern yesterday That was called the TD 9 cow pattern turns out the yesterday was also the confirmation of roads meant to indicator top So you've got to that doesn't make it any stronger for top than one and right now We do have price below its green acid and change line So it has lost its momentum if price can close back about 41 48. Let's call it 41 50 today It'll be a neutral signal right now It's neutral to bearish because it's lost its momentum and that would suggest that price might want to test support now The next level of support for you is down. It's because there's a brand new profile that's formed today It's between 39 and a quarter and 39 90 if you're looking to add your position It would be between that range out there assuming that you don't see some kind of negative Volume characteristic on the retracement so meaning you'd like to see a light volume retracement out there We take a look at the weekly chart the weekly chart which did have a TD 9 count pattern negated it last week So this is a strong upward momentum move on the weekly time frame I would stay here and as I said, I would add to your positions If you're in a longer term position, I'd add to it on a pullback on the daily time frame now the monthly says hey, Steve Oh, don't ignore me why because it is forming bar number eight Well, we know that a TD 9 count can and does top on bars eight nine or the bar following bar number nine At this stage here. You've got the daily top looks like I want to take a rest out a rest out a timeout a little bit of Rest there the weekly chart says I want to motor on higher as does month Let's go take a look at the black background charts I can better draw the different a to b equal CD patterns and there are several of them out there So let's switch screens here. We'll take a look at where the next price projection levels are to the upside Assuming that the daily can overtake that TD 9 count up and that roads been to indicator top If that can happen and we look at the weekly chart here I'm just gonna look at the monthly because the monthly's got both the I'll really all be a to b equal CD pattern So the first one that starts all the way back from the lows in October of 2018 that gives us a one-to-one Price per job. Let me just do this here. Let's just redraw So let's draw these in here that way it might help people out at home So your a point or b points gonna be the high from the month of August of 2020 The retracement down into March of 2021 and now you can see we're well above the one to one point two seven two A to B equal CD so the next price projection level is 46 95 Now remember not until it takes out the high from a few days ago that TD 9 count top on the daily time frame Which is 42 20 out there, but overall on a weekly base looks very good on a Monthly basis looks very good out there and it does I say multiple a to b equal CD patterns if they bearish reversal candle Or to form on a weekly or monthly then we would have trouble in River City But otherwise PDFs looks pretty darn good. I don't think you need a whole lot of help out there And thanks much for writing in and best regards to you next question from my dad inside the Tiger's Den Dad wants to take a look at ticker symbol a QST. We're gonna switch our screens. Oh, we are back on the white screen Did I not have the black one up? Black charts geez even though I put up we're gonna go back and do this here. I'll do it quickly. Sorry about that Don't know what I did, but I did it. So here's the here's the different a to b equal CD patterns You see on the daily time frame you can see on the weekly time frame I got one drawn in but really some monthly that I want you to focus in on right now Which gives us that price projection of 46 95 out here. You're above profile We're about profile on the weekly, you know, we've got a new profile that's formed here Actually, we're above profile on the a daily to So the daily the top of its profile is 48 and yeah, this is a very strong equity out there But again, looks like a timeout. Maybe a pullback. Maybe just a sideways move out there So I do hope that helps you out whoever was that put in that request might have been Might have been Dwayne, but I'm not sure. Let's go take a look at PDF a QST. I'm sorry a QST This is for Dan inside the Tigers den a QST. What a nice move out here today It is however it is forming bar number eight of a TD 9 kill. Let's open this up So this should form some type of short-term top between today and Friday I expect or anticipate that this will go out and try to tag that 101 level. We're at 94 So are we gonna see a top today? Well, the only way I'd say we'd see a top today is if we see a top Let's say on a short-term interday time frame chart such as this one here And this one is the 30 minute time frame. Well, you're in bar number eight on a 30 minute time frame So Dan between 11 to 30 and 12 noon, you should see a 30 minute short-term top on a QST Now we may not get that the reason to point this out is because whatever that high is the present high at the moment appears to be 94 cents, I don't know if that's gonna be 94, but if we do see a close above 90 run the black charts Goodness gracious Stevie wake the heck up That's happening here. Hmm Some brain contusions going on so now we are hey, thank thankfully though We've got a wingman in our tiger's den that is mr. Bill He keeps me he keeps me on he keeps me honest out there. So now we've got the white background charts Here's the 30 minute chart. You can see the TD 9 count top that will complete by By 30 minute by 12 noon out there now price trades above that high that tells you to head it up to that daily TD 9 count breakdown resistance level show that to you again out here. That's in the dollar One area dollar one with regard to a QST again There's the TD 9 count pattern that should form between today and Friday if we take a look at the weekly time frame chart This says I got a nice TD 9 count bottom I want to make a move to 98 or 101 clear 101 then you head it up to 135 and maybe even 172 So a QST Dan looks boy bueno out there and thank you so much for the request much appreciated And that debtors I'd love to hear from you as well Feel free to go ahead and type in a Request out there and I will be happy to get to it. Let me just check the email Responses here real quickly. Yeah, we've got one from Jane Jane. Thank you Jane. Let's take a look at CRB P Let me just move back to That's first panel. Let's type in CRB P. Let's get that fired up here and CRB P is Corbis pharmaceuticals So while that's loading on the white background charts that is going on there Let me try to read the question says hey Steve. Could you please take a look at? CRB P Actually, you've got something else written down here. We try to expand this out. You got CRB. Yes, okay CRB P I just got in it, but I'm looking at Bare term and what it might do maybe longer term. Anyways I got a type in the actual correct symbol. So what we do know here folks And this is courtesy of a Stevie's typing skills out there or lack thereof There is no CV VP in case you want to go public that symbol is available Steve Roach with TFN We'll be right back if you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metals 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 published a gold report with coverage of gold silver bonds the XAU 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 comm don't miss out on the next great gold trade sign up today TFNN has just launched their new trading room the Tigers in hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tigers den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers den You can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all Trading day even at night and on the weekends the Tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN comm Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and 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 p.m. Eastern for free Each host is an experienced trader and gives their tick 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 comm Welcome back folks. So we've got the charts up here for CRBP. That is Corpus Pharmaceuticals That's for Jane who I just got in it. So Jane Let me tell you where resistance is that so it's trading right now at 783 You have resistance at these two different price levels 846 Which happens to be the top of the monthly profile and then 858 that happens to be the weekly TD 9 count breakdown level Those are two price points that you want to see price be able to close above That would then suggest a further rally the further rally that would suggest is up to 1874 Now this thing has made it more than a double Over about the last two weeks out there. You can see it was trading down on the $2 area This is on the trading session of March the 13th So how many trading sessions that may be about 10 or so and that was down at about $2 and 13 cents and you're at 783 be on a lookout or be careful watch for a bearish reversal candle should one form at least at this moment in time That would then confirm a roadsman to indicator top for the daily time frame and suggest a further move lower I don't expect that you will see that today the reason that I would say that it's not a guarantee But if I look at a 30-minute time frame chart, which we are this negated a TD 9 count topping pattern immediately So it does have strong momentum on the short-term time frame Trading above profile trading above its green oscillator and change on the gate of that TD 9 count top So it does look like a strong move today This is going to be day number two to the upside Consecutive or appears that will be day number two the consecutive moves to the upside with regard to its stand steps out here This should form some type of short-term top, you know today Tomorrow those would be the would be the likely outcome. It's not that it has to but that would be the most likely outcome usually has a three consecutive days before we see some kind of a pullback or retracement out there So overall looks pretty good You're you're up towards a resistance level just watch those areas Again, that was at the what did I say it was at the six 846 and eight 58 and again on the daily time frame just watch for some type of bearish Reversal candidate if you get one there that's going to tell you about a retracement That's going to unfold or pull back or even a top. Let's go to the next request out here This is for BP from Mitch 75 Mitch is in at about they says about 38 bucks or so as I wrote down is that right in at 38 is trained out at 37 72 so what do we have out here? Well, we might have an a to b will cd to the upside that is attempting to form the b point Didn't volume that was on march the 22nd of 8.4 million shares Looks like yesterday didn't didn't close above it was 8.4 million shares So you had similar volume moving into it and today so far in two hours of trading were 2.4 So 2.45, but some about the same type of volume So you could be getting an a to b equal cd to the upside out here, Mitch We'll do the price projections on my other screens Mr. Bill will keep me honest to make sure that I actually change over to that in the meantime What price should do it's trade above the top of its profile. It's got a nice td9 cowl bottom Again, it looks like it's turning into an a to b equal cd at the upside One price projection level would be its td9 cowl breakdown area and that's at 40 18 So that becomes a price target the weekly says my price target of resistance is 38 28 That number is going to change by pennies as price moves up or down the monthly chart says hey 40 0 8 is your key level that price needs to overcome in order to be on its merry way That's a td9 cowl breakdown resistance area. That's what it hit last month We do have a wave number seven that is a topping signal that is out there But price above profile it's greenhouse that are in change line that neutralizes the monthly signal But we do want to continue to at least pay attention to it Uh, looks like you had a sell the d-point pattern on the weekly chart that formed with that bearish shooting star price Pulled back to support which in this sense here was the bottom of its profile 34 at 99 So let's switch over And take a look at the black background charts We'll do that here first and then we'll put the symbol up and we'll take a look at the a to b equal cd pattern On the daily time frame that may be forming for bp Or it's likely forming for bp now Of course, you'd like to see the volume in this today as it's passes that b-point So I don't know what the ending volume is going to look like but here's what the uh That was a short one that I was looking at so let me just give you the short a Yeah, let me just give you the a to b equal cd pattern that we're looking at right now That's going to use the low out here from the trading day of march 16th The high is going to be the high of march 22nd and the low is going to be a two day pullback into march 24th The one to one price projection level now that is an assumption well As assumption you close above 37 45 today and again the preference would be more than 8.7 million shares Even if you don't get the volume It still could make the price target of 38 48 now That's the one to one this could do more than a one to one a to b equal cd just depends how it trades And that's at 39 38. I remember at 40 18 is where you have the daily td nine count breakdown where he says it's so Mitch Let me make sure did this go is this showing is it's showing now jesus louisie stevey wow that is so weird Okay, um Yeah, I'm on black I know you were betting on red out there So there's the a to b equal cd pattern that you can see here for bp and again 38 48 being the first price target 39 38 Being another price target 40 18 being the td nine count breakdown area out there So I hope that helps you out mitch and best of luck to you in that trade The next request coming from inside the tigers dan. I believe yeah, it's uh from muck Watch to muck it up. Let's take a look at amazon a m z n So let's pull that up c. Please check out amazon. Okay. We will just do that. We'll check it out Of course folks. I would love to hear from you as well So eight seven seven nine two seven six six four eight or seven email Steve at tfnn.com. I'll be happy to get to that request factoring the break I think there was an email came in yesterday that was uh, I didn't get to it till late And so I'll try to find out what that request was. I see one here from hector with regard to amazon What do we know about amazon amazon is trade above the top of its profile Daily profile that's green oscillator and change line conditions are bullish what amazon should do is go target Its recent high its recent high is from march 22nd and that's up at 102 10 now the volume and that candle session Was 57 million so far the volume today in the first two hours of trading about 20 million So this is pushing into that swing point with volume amazon should go at least target that now if it takes that out That would set up a very large a to b equal cd to the upside pattern out there if I look at um Amazon on the weekly basis you're trading above this to be week number three above the top of its profile That's a bullish message and says it wants to move higher on a monthly time frame price found supported its breakout air at 81 30 you're just consolidating with inside its profiles Uh, it's favor that price will target the 116 22 levels So amazon looking pretty good as we speak it should at least go target that swing point high From march 22nd and if it can close above that high then you get an a to b equal cd to the upside Where would that a to b equal cd to the upside take is tv? Let's draw the a to b line that we could just move that over to the c area out here And that'll give us an approximation So here's the c area about right there give or take And that would give you a price projection in the 109 110 ish area. You're not there yet But that's what it could potentially turn into if I take a look at consecutive days down consecutive days up You had just had a three day Retracement out there kind of common the two three four day retracements out there So we should see at least a two to three maybe even a four day move to the upside inside amazon So amazon should trade higher for the rest of the week So I hope that helps you out that was for muck inside the tiger's den Uh, hector wants to take a look at caterpillar out here. So cat is the ticker symbol Let's actually open up the email read the question that goes like this Happy wonderful wet wednesday. Ah, that's hectors in california cat We loaded up the wagon on a buy the d-point this past monday looking to close the gap up above What are your thoughts? Well, we take a look at caterpillar out here, which has a nice td9 count bottom What price should do is uh, so it's trading into its swing point This is from the trading session march 22nd 2.9 million shares so far today you are up into that with about 475 so that's five times three you're moving into that swing point with light volume Nonetheless, it still may go target that high 226 59 steve roads with tfn. We'll 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 tfnn.com The opening call newsletter is written by basal 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 and stock prices Get the opening call newsletter by basal 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 Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction visit direction investments.com today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three 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 foreside fund services llc This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz Welcome back folks. See you green out there still you've got all the uh usnc's trading the upside all the sector Well, the xlb Just went down by a penny. Otherwise all the other sectors are agreeing. We're taking like a caterpillar This is for hector and patty out in california hector specific question was Will the daily charge get up to this gap that was formed out here in the trading day of march the 10th Hector and patty if it's going to do that price going to have to take out resistance and that is attaining that is the TAS market profile resistance located to 30 78 So the answer to that question will be revealed to you should caterpillar make its way up in that two 30 78 level out there Um, is there anything else that I see on this chart to assist us? There is a well, let me take a look at a 30 minute time frame and on the 30 minute basis out here I think y'all and a 30 minute catch not showing Wow. Wow. What the heck is going on here? Jesus Louise steve Hmm. Sorry about that folks. Obviously, I'm having an off day out here. I keep thinking I'm doing something and uh, it's the opposite So here's caterpillar. Let's just come back out here. Let's take a look at caterpillar You can see on the daily time frame the td9 count pattern price pulled back last week in the profile supported 215 30 out there did that as a that's what got hector and patty into this to trade out there Now we're inside a bullish structured profile. Yes, it was a close above that But it's not above its oscillator and change line today. We're above both out there This says that caterpillar should make a run for two 30 78 That's that level that price would have to bust above in order to get back to this gap area out here that formed on the trading session of March 10th now the volume though before price get up there It's dealing with this little swing point here from uh, these march the 22nd again 2.9 million shares traded hands there today You're up into it with much lighter volume. We're only at 484 right now So it looks like about 1.5 million dollar day give or take out there But nonetheless, it still should continue to move higher if we take a look at a 30 minute time frame chart out here That's where we're headed. Just see is there any impediments here the impediment here is going to be 224 37 So if you get a close above 224 37, that would be another bullish signal For you hector and patty. So I hope that helps you out with regard to a caterpillar and And I think so much for the request out there We've got a request this came in yesterday From hd and hd wanted to take league at two symbols a u is the first one So that's what we've got up on our screen out here So anglo shantae is uh, it formed a td9 count top out here It did that on the trading day of march the 24th and that pattern was negated two days later This is telling us about a strong upward momentum move will upward momentum move to wear stevie Well, if we take a look at where it's trading into it's a weekly swing point from january the 13th Volume there was 13.87 million shares. So far for the week You have done 8.4 million shares on a daily basis. This does about what about four yesterday three the other day, so 8 3 11 and we're going into 13 so it looks like uh, you know, you're going to have a little bit of resistance out here And that's going to be at the high that high which it should go target is up at the 23 37 So nice looking chart on the daily time frame Nice looking chart on the weekly with the exception of the fact that price is moving into a swing point on later volume Everything looks pretty good here on the monthly chart. Its resistance level is really what we've already covered It's up at the price point of 23 37 out there. So anglo shantae looks, uh, moi bueno hd Let's go take a look at rig atoni out here. See what rig is doing trans ocean rig trading out right now about 674 So what do we see here? We like we see on the daily time frame from the standpoint prices above resistance Both the top of its profile And oh, yeah, and it's oscillator and changeline. So that is good 626. Yeah, so that's a positive and suggests a run up to 748 The weekly time frame chart has a td9 count top price pulled back and test and support This was a bowler structured profile and it found support at the center 5 57 the monthly chart Says that uh, when's the month end? Is it on friday? So thursday? Where is it? Get your calendar out stevie and see where does the month end out here? Is that uh, yeah, it's friday, right? Yeah on friday So on friday If price closed bow, this is rig that we're taking a look at if price closes below 694 you will generate a sell the d-point pattern for the monthly time frame out there And that suggests we could see a pullback out here But with regard to the daily it looks pretty good We moved to the upside 748 being a price target The weekly is saying looks pretty good wants to go target 769 and the monthly is saying I don't want to be a debbie downer, but it just might be So hope that helped you out and thanks so much for your patience and waiting two days. That was for hd We had a request to take a look at natural gas. So let's go switch over to those charts here And we'll just stay with these white background screens. I'll put up This set of charts for natural gas. So in this this case here, we're going to get a little bit bigger overview as to what's going on and uh If we take a look at the monthly time frame, you'll see a nice hammer can no bottom pattern But we do see a hammer candle. So if on friday price closed below $2 and 25 cents out there It you know the saying is or the expression is if you're long, you're wrong Should you have a close below the bottom of a hammer candle in the case of the weekly time frame? This formed a td9 cowl bottom. It did it the week of february 24th That's a port level was down at looks like you've got moved 2.263 out there If we get a close below that that pattern gets negated now There's a rogment to indicator signal that's triggered But that would require a bullish reversal candle to get us into a long position from a weekly standpoint On the daily Chart out here. We have a a rogment to indicator bottom pattern. That was negated. That was negated two days ago We're trading below that low. That means what we're looking for here is another bullish reversal candle in order for To generate another bottom pattern out there and you also want to see a close above that red osloder change line at 222 Now let's look at the intraday charts out here the 30 minute chart had a nice rogment to indicator bottom I'm not sure why price stopped where it did Maybe we'll find out and take a look at the larger term time frame charts Rogement to indicator bottom signal here on the 60 minute and he has price found resistance at the top of its profile $2 and 16 cents So $2 and to give you exact 2.167 Is a key area of resistance out there and price can close above that that would tell you about a further rally Otherwise, you've just seen this little counter trend move up to it Roge meant to indicator signal on the 120 minute chart this pattern here this candle completes at noon, but let me make sure Don't want to uh Yeah at noon So it looks to me like why but confirm rogment to indicator bottom for the 120 minute chart But 217 we're back to that 217 level is resistance. That's the bottom of its profile And a 220 is the bottom of the weekly. I'm sorry of the 240 minute profile So it's that 217 area with regard to natural gas. They'd like to see price close above Maybe then you could get some type of a daily bullish reversal candle But as we speak right now that is not the pattern We don't have any And in the weekly chart again, it's only wednesday so things could change But right now in the monthly things are looking pretty disgusting as is the weekly chart But again a price close above 226 on friday Well that original td9 cowl bottom would remain in effect out there So I hope that helps you out that was with regard to natural gas Let me just check the email system here real quickly see if there's any other request hector was the last one And the answer is uh, yeah, we've got one here from nicholas Nicholas writes in he says good morning steve late to the show if you have when you please go over microsoft Absolutely, so let's get back to the microsoft charts and we'll do that We'll take a look at microsoft we get back from this break steve roge with tfn You've got the us indices trading the upside all the sectors as well with inside the s&p 500 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? 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So i would say if you're gonna short it it's probably between that 293 to 303 ish area that you'd be looking at however The price gets up there There's no reason that you can't get up to 315 95 and that is the monthly td 9 count breakdown level with regard to microsoft So with regard to microsoft and shorting it i would keep your hands in your pockets right now You have a confirmed a to b equal cd to the upside you're above profiles on the weekly chart The only thing that's really stalling it right now is we talked about yesterday is on the monthly time frame that green Oslo during change line But that's just a stalling point. I don't think that is a shorting point So i do hope that helps you out. Thanks so much for the request out there So to summarize the things folks what we have out here in the markets We have market breadth that is bullish for all four time frames for the nasdaq 100 Three of the four time frames with regard to the s&p 500 the one that is not is the weekly chart out there The advanced client oscillator it is in a bullish position spot volatilics is below its 50 day Exponence movement average that is a bullish position folks The rally should not only hold it should continue But pay attention to those numbers that i gave you inside the es mini out there We did that earlier in the show and i don't have him memorized out here So have a wonderful wednesday. I'll see you on terrific thursday It was 40 43 25 for the es mini we're at 40 43 75 Take care folks. We'll see you tomorrow