today. The following is a presentation of T F N N. The Traders Edge with Steve Rhodes. At 1<PHONE_NUMBER> or internationally at<PHONE_NUMBER>. The Traders Edge. Now Steve Rhodes. And folks welcome to the April 22nd, the wonderful Wednesday edition of today's Traders Edge show. I'm 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. Let's make sure we have an extraordinary one and the easiest way to do that is to always remember that we're going to 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 were going to go check on the circumstance of these markets. We're going to go figure out what those bulls and bears with those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, I'm here to serve you. So feel free to pick up that phone. You can dial in<PHONE_NUMBER> if you can't dial in. Well, we've got you covered there too. Go ahead, send me an email. Steve at tfnn.com inside the subject heading. Please put radio show question and of course our Tigers did. Well, any ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm going to go ahead and get this show started. So we've got most of the indices in the green. The transports are the ones that are trading lower by about eight points. They're basically flat. The Dow is up 400 points. One and three 10th one and three quarters percent.  They're trained out at 1657. You've got gold up 49 Buccarini 1736 of the print Silver's up 34 cents, two and three 10th percent to the upside trade out at 1522. You've got lights recruit up about three bucks natural gas up seven pennies 30 or Treasury down a little one tick and one point and nine 10 30 seconds out there right now trade out at 1829. So let's go to our first question that at the stage of the game is from Johnny and Athens and Johnny wants to take a look at Dunkin Donuts and Johnny is interested in I believe Johnny's interested in going short Dunkin Donuts maybe it's already short I can't tell for sure but the question is he's asking if we could confirm an A to B equal CD to the downside on the weekly chart. And so he's chosen so here is the weekly time frame chart and I believe I believe I grabbed the swing points that he's looking at now you've Johnny you've got the 7984 you didn't give me the dates and I can't really read the graphic that you sent in the chart there on my phone but I appreciate that. So what I'm grabbing here is assuming that you're using this swing point high this is the trading day of February 3rd or the week that began February 3rd so as your a point now the B chart are put in those are the lows from the week that began March 16th and that's 38 I've got 3851 you had 3863 so I again I don't know where our differences are my apology here but the question that he's asking is can I confirm that he's selected the proper swing points I believe you have so we have different values again for reasons I don't know out there but the question is and here's always the problem in the A to B equal CD pattern there is that C point so here's what we can say so Johnny to the extent that this is the pattern that you want to trade the beauty about the C point that you've selected which is the only C point that you would have out here for the A to B equal CD to the downside of the weekly basis which would be the high of the week of April the 6th out there the nice thing is is that you've got resistance at your back on that short trade so if you're going to use this and you had a hankering to go short of the C and K and then we can say that this made a point six one eight retracement are very close to it but you've also got the top of that weekly profile bear structured profile sixty one fifty three so if you've got that longer term view and that's all we're really taking a look at right here right now well when I say longer term view we'll call it an intermediate term view that being a weekly time frame then yeah I see it now we don't know if it's need to be equal CD to the downside price passes the actual B point or thirty eight fifty one or the low from March 16 there was a low thirty eight fifty two yeah it was March March 16th out there so here's what you do know from a weekly perspective as long as price doesn't close above sixty one fifty three bear a structure price will first work its way down to the center of its profile that's fifty three eighty six and in a close below that should or could set price down to test the bottom of that profile forty two thirty five you know you don't know I don't know where the price can actually move through that so now let's go take a look at Duncan Donuts a second what's going on on the other time frames out here now on the monthly basis prices below support that would have been the bottom of its profile that was seventy one fifty so that's not helping us or it's at least helping us from the standpoint the prices below support so this goes along the theory that Johnny has about trying to take Duncan on the short side when we look at the daily time frame chart right now we can see that price has been consolidating for approximately last five out of six days in between its daily profile there was one hit wonder which was the trading session of April 17th price closed above to remember when we see price close above resistance or below support we like to have confirmation the confirmation unfortunately is not the first candle we like to see two sessions consecutive sessions in a row to tell us that the move was not a false move now is there magic in the second session for me that's follow through doesn't mean that it works 100% of time and price doesn't come back no I can't control price but what I do know is these one hit wonder so to speak where they break resistance or break support out here they don't follow through on the second session it was a false breakout and that's really what Duncan Donuts have was a false breakout out here now what you do have Johnny is you have a bullish structured profile for the daily time frame the reason is because the center at 5598 is closer to the bottom at 5405 versus the top at 5985 out here so because price is up towards resistance you take a look at that weekly if you've got a hankering to go short Duncan Donuts and go for it out there but close out that trade if you well certainly if you have two bars that close above 5985 the top of the daily profile but really you're also looking at 6153 the top of the weekly will this turn into an a to b equal cd to the downside that I don't know now there was or there appears to have been a a to b equal cd to the upside which could be the Gartley sell pattern so let's go take a look at it so the a pattern here let's start with it it's going to be the low of the swing point but it looks like that's probably let's not do probably it's either March 19 that low is 3851 and we had 3852 yeah so it's going to be that low the day of March 19 that's your a point let's mark this thing here there you go your b point out here looks like might be the same price 5673 no it was the trading session of March 25 and your c point out here was April the third there's your one to one there's your Gartley sell pattern you know the problem that I have with that is well here's your confirmation of that it was this little gap right here the trading day of April 21st so you've got to confirm Gartley sell in Dunkin Donuts but you've got to crack 5405 we'll be right back if you're not currently using the Taz profile scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the Taz profile scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll Taz understands that in today's technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market you also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the Taz profile scanner to profit this webinar archive is available for all subscribers immediately upon signing up all new subscriptions also come with a 30 day money back guarantee so you have nothing to risk start your subscription by visiting the front page of tfnn.com today and you'll find the Taz profile scanner 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this one coming in from HD HD says I took a long position in NGD this morning do you think you could make a run to the buck area the dollar area so NGD is a new gold ink out here trading out at 82 cents as we speak we take a look at the daily time frame chart out here we're going to see that the first A to B equals CD pattern there's really a couple of them that you could draw there's two A to B equals CD patterns that you could draw out here so let's take a look at the first one the first one out here HD comes off of the March 16th low 39 cents that moves up into resistance bear a structured profile out there that's on the trading session of March 19 that was at 67 cents and then price pulls back to where the bottom of the profile so here's the consolidation zone that it was in and your C point was March 23rd so the 1 to 1 level takes you to 77 cents price in essence hit 77 cents on April 13th or the following day so on April 13th you had a wide-ranging bar the very next day you had an even higher move out there that actually made it to the 1 to 1.272 and it did it with what kind of volume I don't know let's see it did it with 16 million shares and you're trading into that today HD with 3.5 million shares so this is going to struggle to perhaps struggle to get through this level but your question is can it make it to the 1 to 1 or want to make it to the dollar level well first with regard to this Gertley sell pattern it has not been confirmed what do you mean Stevo okay so one of the very first patterns that I learned was the A to B equal CD pattern so I appreciate the earlier question by Johnny about the A to B equal CD pattern out there cool pattern absolutely and then once I thought that I learned that pattern because I had the software to draw the A to B equal CDs out there I started taking I started selling every D point and buying every D point out there and was trading everything currencies that way just everything and then as the account balance started going down I had to say to myself wait a minute here this is a great pattern was taught by great individual you know him Larry Pesavento out there really was the one that taught me the Gertley patterns Tom teaches the A to B equal CD as well so really just putting those two together and what I have learned in my life maybe you've learned in your life as well as I end up learning more from failure than I do from success now that doesn't mean that I'm a good loser because I will I've got several little sayings that I don't always express them all to you but I will say this one you show me a good loser I'll show you a real loser out there so I don't like to lose out there but that just means I persevere I just get back up it's not how you get knocked down it is how you get back up so you can learn more from your losses so I then spend time going through and taking a look at why did the A to B CD pattern didn't work why couldn't I sell the D point I mean the market does 75% of the work for you does the A to B to see out there and then what I learned was Japanese candlesticks because that is how the market squawks walks and talks to Stevo out here because you take a look at a chart a blank chart and you see prices moving up and it gets past the one to one level or the 0.618 retracement or 0.786 or you name it whatever it is the reality is price is going to continue to move up until you see the cavalry until you see sellers how do you know if there's sellers out there well the easy way is they can't disguise themselves they leave a signature out there and so what we can say on NGD is there is no bearish reversal candle so the way that we can answer HD's question is even though price may be struggling to get through this little next swing point out here of April 14 because of the volume that it had there are 16.3 million shares and you're attacking it with much lighter volume today but still without any bearish reversal candle what we would say to HD is hey the 1 to 1.618 A to B equals CD gets you to 95 cents and the 1 to 2 would get you to a buck 5 and so the way that I would answer this question is until you see a bearish reversal candle those upside levels are in play out there so I hope that helps you out with regard to NGD now let's also take a look at for HD other resistance that he needs to concern himself with so we already know that volume today is very light moving into a prior swing point we can also see clear resistance on both the daily and the monthly time frames so in order for HD to get to the dollar level we can see that it's going to have to clear the weekly the weekly TAS market profile in the financial ointment last week was a test and rejection of the bullish structured weekly profile and it failed to close over that so what you really need to see this week got a couple more days is you really want to see price close back above the bottom of that profile it's 83 cents and we're trading at what about 83 cents so we're really we're basically right there you need to close above that level and watch 86 cents because that's where a counter trend rally could end when you get below the bottom of a bullish structured profile where you're looking to consider taking the short position here I know you're long but we're looking to take consider taking the short positions between the bottom and then the center of that profile out there you've got resistance at 89 cents so now you know yet no bearish reversal signal but you're late in the entry on this I believe and you're really running right up into some resistance levels out there so I hope that that helps you out with regard to NGD, Stevie and the A to B CD patterns look Japanese candlesticks the A to B CD pattern is I won't call it useless but it doesn't you don't have the full use of it unless you understand Japanese candlesticks now there's a lot of stuff on the internet and there's plenty of books out there on Japanese candlesticks a lot of it is wrong a lot of it is just dead freaking wrong out there it is amazing how much poor or bad fake information there is on the internet no no no that's not really the case out there and so if you really want to learn these what I like to do is I like to take decades worth of information and just boil it down into what you really need to know look there's 30 some odd Japanese candlesticks out there you don't need to know all 30 of them you might like that just for some kind of education but all 30 of them they're not all useful there's seven there's seven bullish and seven bearish candlesticks in fact if you learn one it's the opposite so I make that real easy I've got workshops I believe on my members page out there that'll teach you how to do that if you want and the thing is just like I say the A to B equal CD pattern is you don't have the real power of it unless you combine it with the market communicating to you with the bullish and bearish reversal candles understanding the bullish and bearish reversal candles won't do you a whole lot of good without having patterns to recognize could be the Chapman wave patterns could be wave number four D could be wave number seven the one that Stevie loves out there with Basil X to call the rogue wave could be my erodesment and indicator don't spend any time with that if you're not going to understand bullish or bearish reversal candles because you will get your arse handed to you just like I believe you will it's no different if you just buy every D point of an A to B CD or sell it on the way up there wait for the cavalry to arrive okay enough about that let's go I don't think there's any other questions at this stage here so let's go take a look at what the markets are doing let's try to understand let's try to interpret what the message of the market is right now we're going to do that we get back from this breakout here even though I think there's a few other questions that have come in but we'll first get to the overall market we'll do that for a few minutes or what have we have an hour long it takes and then we'll go to Wayne so just one question I guess Wayne's got a question about shop so this is Steve Roach with TFNM would love to hear from you he gives call<PHONE_NUMBER> you're right I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we all think about for the last few months you have been tracking up the numbers of traders and tiger shares if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Roach author of master probability and for the last 12 months timer digest has been tracking my newsletters signals which have earned me the ranking as their number time of the gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you're a trader in the market looking to find the path that leads to maximizing profits while decreasing risk, then now is a great time to try out Dave White's daily trading service, The Path of Lease Resistance. Through the use of options and equity trades, Dave advises his subscribers on a daily basis of the current market conditions and what possible trade setups are on the horizon. The Path of Lease Resistance is published every trading morning, often with updates intraday when initiating trades or closing out positions. 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The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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. Now it's up for $70, S&P $62. We're actually going to go to Wayne's question next because everything in life happens for us. Well, our discussion prior to that break on the A to B equals CD pattern really fits right into taking a look at Shopify, SHOP. So let me actually read Wayne's question is, is shop a sale or sell, I suppose, or a buy at this level? What's the range out here? So let's take a look at Shopify in its daily time frame. And here's the A to B equals CD pattern that has a form. The A point out here is the low from April 18th, makes a run all the way right up into the top of its profile out there. That was on the trading day of March 26th and then pulls back. Price gets below that profile on April the second. That was a bullish structured profile, but Price was able to get back into it a couple of days later out here. But in any event, that marks the C point of the A to B equals CD. Now, as that B point was being passed, that was March 26th. That had volume of about 3.1 million shares. It was passed with 3.7 million shares. So we like to call that around these these parts out here a confirmed A to B equals CD pattern out here. Now, what we can see is Price was able to move through that move through the 1.272 level. Again, you're seeing all these green body candle. No, look, it doesn't matter. A green body candle does not necessarily mean it's bullish. And a red body candle does not necessarily mean it's bearish. That just tells us where the open and the close was so that we can visually see that here. But we can see or I can share with you that along the way higher all the way up until yesterday we had nothing but bullish candles. Now this made a 1 to 2 A to B equals CD.  Okay, so what is that something else? Well in this case here, yesterday was a bearish engulfing candle. It was a key reversal session out here. So you've got your bearish reversal candles. Your question is, is this a sale or a buy? It is definitely not a buy, right? Now, would you short it? You've got to take a look at the reward risk out here and take a look at other things, other signals. Is there some other resistance out here? Not that it's not going to pull back, but would you actually go ahead and short it or if you were long, would you prepare for retracement out here? If we take a look at the weekly and the monthly time frames, they're above all kinds of profiles out here, so they're above resistance. So now we need to bring over Stevie's other charts to see what else we have out here. So when we take a look at Shopify, we can also see that yesterday, so not only was it a butterfly sell pattern and a butterfly sell just, I won't go into it, but let me just simply call it the sell the D point of the A to B equals CD was also bar number nine of a TD nine count. Now, we can also see that Stevie's red line turned green about a half a dozen sessions ago and we know when that takes place, there's a phenomena that takes place and that is that price net line are going to catch up to each other. It doesn't tell us how, meaning price could move sideways. The oscillator change line just simply keeps moving higher price could pull back. It could be any number of situations, but the reality is the buy on this would take place on a retracement back to support. Support would be Stevie's green line out here. Now, this is trading at 624. And as you know, we've had very large moves out here. And the question is, if you're in this, it depends where you're in this, do you want to stomach the potential of 100 point decline? Right now, it would be 100 point move to come all the way back to Stevie's green line out there. And that is basically the range. So Wayne, would I sell it? If I was long, I would most certainly make sure that I had a trailing stop out here. The trailing stop, well, this has an average true range of 48 bucks. It's really 47 84. That's your average daily movement out here. And your stop, well, when you start to get to a sell point, you can tighten up your stop, just realize anything less than 47 84 is kind of dangerous because that's just the average daily movement out there. And you want to be stopped out by something that's average. So if you can't take the heat of $47.84 cents, I would back my profits now. And then I would wait for price, see if it pulls back, if it can test Stevie's green line, because a test and rejection of Stevie's green line is price pulling back to support. And that would be your next buy area into Shopify. So Wayne, thanks for the question. It kind of was nice because it fit right into the scenario there of the A to B equals CD pattern. So now let's go get to the market here. And I think this is going to answer really Eric's question. So let me read Eric's question, and then we'll go to the charts to help him out. He says, Hi, Steve, I'm in TQQ at 5425. Can you give me your thoughts on where you'd put a stop? So that's going to be pretty easy. We're going to answer that one. But then we'll go take a look at the NASDAQ itself and try to get a feel for where it is headed to. But TQQQ, come on, work with me, folks, we're on the air, not you, not YQQQ, TQQQ. And that is the long triple for the NASDAQ 100 out here. Your average true range on TQQQ over the last 10 days is $5.78. And you asked me the question, where would I put a stop? It would be, you're in at 54 bucks, okay, so you've got some room out here. But it would basically be 578 times either depends whether how aggressive, how conservative of a trader, I'll give you the conservative approach, $5.78 times 1.272, less wherever the close is today. That way you're giving it some room if you really want to give it room because you've got a belief that the NASDAQ is going to continue to move higher than what I would do is I'd use a 1.618. Now I don't know what 578 times 1.618 is off the top of my head, it's probably around 10 something as a guess, 10 to 11 bucks. So let's say at 11 bucks, minus 62 where we're trading right now, you'd have a stop around $51. That doesn't really work for you, does it? Because you're in at 54.25. So what do you do in that situation? Well, in that situation, it is what it is. In that situation, you either tighten up a stop, go to 1.272, you put your stop at break even at 54.25, but you're asking me where would I put a stop? Again, it's so important to understand what the last, I use 10 days, some people use maybe 14 or 15 trading sessions, whatever, whatever, find something that works for you. I like the average of the last two weeks out there to understand the average true range. Now let's go take a look at TQQ, let's go take a look at the Qs itself. Well, of course, let's begin that process by taking a look at really all of the equity profile, all the equity futures contracts out there to see where they are trading the relationship to their task market profile. So let's focus in on the NQ first. And here's what we can see. Yesterday, when we talked about, we were taking a look at some instruments and yesterday, we saw a close below support, the support of its bullish structured profile out here inside the NQ, the only one that broke through support yesterday. But that so far is a one hit wonder because today, now I don't know where the close is today, Eric, but if the close is above 85.61, that could suggest staying with your long TQQ, I say suggest staying with it. The real problem is on a bullish structured profile, when price does break it, if a counter trend rally is going to stop, where it's going to stop is somewhere between the bottom of that profile or the center of that bullish structured profile. So you've got to keep an eye on 86.62. That's only 30 points away from where we're trading right now. That could be the end of it. If price can close above that, well, then what you could see is move up to the top of that box out there. And that's 88.65. So Eric, you're in a situation out here. If this was just a short term trade, if I don't see the NQ close above 86.62 today, I'd be hard pressed to tell you to hang on overnight because of that average true range and the stop that you need to put in place. But you make the decision, and I hope that helps you out. See you both with TF&M. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. 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An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. 421 and let's go out to Robert in Overland Park, Kansas. Robert, thanks for calling. Thanks for holding. How are you today? Great. Thank you, Steve, for taking my call. I was inquiring about GDX and I wonder if you look at GDX and normally you kind of look at the gold contract, but I wonder if you could just kind of stick to the equities and I'd like to get your thought on what would it take for you to change your position on GDX? I know that you've been bearish. What would it take you to change your position to more of a bullish or not on an intraday or daily, but kind of more of a I'll say, you know, the next two, three weeks, maybe intermediate time, right? So, but let's just let's just stick with the GDX picture out here, which in essence you asked me to do. And then what we'll do is at the very end we'll go take a look at gold that way. That'll help the folks that are looking for gold out here. So first with regard to GDX out here, what you need to see is you need to see a close above the candle session from April the 14th out there. And that high, Robert, is $32.27 and you're trading at $32.34. So watch today's action. Now the reason why I use that bar is price needs to close above that in order to maintain its bullish posture would be because a bearish pattern would have failed. And that was the TD nine count pattern. So bar number eight. And all we really saw here was kind of a, so you're either going to see when you get to the TD nine count, you're either going to see a change in trend, a little bit of a hiccup, which typically is one or two bars down and then a move higher, or you're going to see some kind of sideways-ish type move out there. And so this has been doing the hiccup sideways move. And if price can close above the high of April 14th, that would then suggest that it would go and continue to move higher. Now let me take a, that's a daily timeframe. Let's take a look at the weekly, see what we can figure out here on the weekly timeframe. What you're looking for is a close above the week of, let me get this out here. You're looking for a close above the week of February 28th. Now that had confirmed a nice big old rose momentum indicator top out there and price pulled back well beyond actual support out here. But if price can close above that this week, now that high is going to be 3184. I don't remember if that was the last one or not, but 3184 out there. Well then from the, then you will have had another bearish pattern or bearish resistance level fail out here. So that's what I would be watching for inside the GDX on a monthly timeframe. Let me take a look at it. Price now on a monthly timeframe, well it's continuing to move higher and do so with less relative energy out here. But I don't see until the next bearish reversal candle forms and really be more focused on the weekly and daily patterns out there. But this is just a caution sign with regard to the GDX. So that's what I see. Now you might be asking where would be the price projection out here on a move higher if price is able to take out that, that recent high. So let's go take a look at the A to B equal CD pattern out here. For the A point, we're going to start down here. This is the, it's a daily timeframe we're on. That's going to be the March 16th low. The B point we're going to use because this is where the next high forms before price really pulls back, and that's going to be March 26th. And then the C point is going to be the low of April 1st. So your one to one price projection is going to be 3403. So price is able to close above those resistance points. Then you know that the next price target area is 3403. There's no bearish reversal candle that forms as price up heads up that level. Then what you'd be looking at is the 1.272 expansion or 3703. So just sticking with GDX, does that help you out or help you understand what to be looking for and observe? Absolutely. That was very helpful. Okay. All right. So now let's go back to our gold question out here. And inside of gold, let's start off by taking a look at gold by seeing how is gold trading in all the major currencies out here. Today it's trading higher in all major currencies. And so that is helpful. Where is resistance on the daily time frame? Now, what I want to do here is I'm going to switch over from this set of charts, because this is using my synthetic version of the contract. And sometimes the prices are different or the profile levels are different. But this is so that I can incorporate a lot of data out here. Data is important, but we can switch over and take a look at the June contract. That's what I'm going to do right now. And I'm going to put up the daily profiles out here. So give me a second to just get that indicator going. Here we go. And as we take a look at it right now, so what gold did, what gold has been doing, it's been able to pierce, not pierce, but close below the bottom of that profile, which is 17.0660. What it hasn't been able to do, Robert, it hasn't been able to do it for two sessions in a row out here, because you close below it on April 17, then the very next day you close above it. Then yesterday you closed below it. Well, today it looks like we're going to close above it. So where price is trading into right now is 17.39. And that could be a resistance level. This is where both buyers and sellers believe that there's fair value inside of gold. So then what I need to do is or what I will do is let's go over and take a look at gold and its primary trading ranges. The primary trading ranges, folks, this is a tool that I was taught by Bud Rawls. Now I use my tool differently because I've been able to automate this. And so these lines here are all automated. The green lines represent weekly time frames. It is a weekly time frame chart we're looking at. And the red lines represent monthly levels. These are horizontal trading ranges. My system goes out and it takes look at as much data as I give it. And it does is identifies the largest area of co-located opens or closes. It doesn't matter whether it's an open or close. And then it looks for the second highest level. And from there we get our trading range boundary line. So what you and I know right now is that gold is trading with inside a range. And that range is the weekly horizontal trading ranges. The top of the range is 17.62. We saw price spike above that last week, but it closed below it. And it moved all the way down. So it tested the top of the range, 17.62. And it tested the bottom of the range, 16.95. Now what price is doing, it's traded right into 17.40. That's a resistance level. That's your monthly horizontal trading range. If price can't get above it. So you now know you're at resistance in gold. The center of that daily profile and the monthly horizontal trading range level out there. But if price can get above both of those areas, then what we'll be looking at is move back to that 17.62. To the downside, if you see a close in gold on a weekly basis, we'll have to call them two weeks, two close blows, 16.95. Then that tells you that last week's high was the high. And that we will likely see gold heading lower through the end of the year. That's my take on gold. Does that help you out? That was super fantastic. Thank you so much. I like super fantastic. So glad to help you. So you got the GDX. Now you know we're taking a look at the gold. Which of the two are going to be the drivers out here? I don't know. I don't know. But you got to keep your eyes on both of them. You know what also is nice to hear is you sound like you're fully recovered and you're doing well now. I have. I'd like to get a test, any blood work test, just to confirm whether I actually had the symptoms. So that's for sure. Although my toes didn't turn blue. I saw some doctor yesterday said, you know, if your toes turn blue, that's a pretty good indication that you had it. But you know, the testing isn't widely available for somebody like myself right now. That doesn't have the symptoms. So yeah, I know about the give blood thing. Mr. Bill, and I've been looking around for that ban to consider that. But Robert, yeah, I'm back to normal no matter what. So, hey, we're going to a heartbreak here. Thanks so much for calling. Hope all that helped. And I look forward to speaking to you again soon. All right, thank you. You bet. That was a 450 S&P 62. We'll be right back. With markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the markets. This is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter. Basil has been analyzing markets providing his take for subscribers to his trading services since 1984. Every morning Basil publishes an update for his subscribers along with weekend and evening updates when warranted. The opening call provides traders a daily market overview with regard to the direction of the key indices, selective stocks and commodities along with specific recommendations including stops and targets. You also gain instant access to Basil's subscriber webinar archive from earlier this year, a dark cloud cover and essential market analysis. Ride the Chapman wave today by signing up for the opening call newsletter on the front page of TFNN.com under the newsletter tab. New subscribers get a 30 day money back guarantee so you have nothing to risk sign up today. The gold market has taken off topside in a large way in 2020. If you want to take advantage of this sector now is the time to subscribe to my gold report. The gold report took profits in four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2% with two positions left in the portfolio that have a profit of 67.5% as of January 7th. 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That's why we need Primal Edge Daily Nutrition. It includes a special blend of ionic, soil-based vitamins, minerals, adi, and amino acids in an easy to use liquid form. Primal Edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They have been called miracle molecules because like sunlight, air, and water, life cannot exist without them. That's right Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal Edge. Formulated and approved by Niko and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge banner on the front page of TFNN.com. This is David White.  Back up folks. So one of our dinners wanted to take a look at Square. SQ is the ticker symbol out here. It has a confirmed A to B equal CD to the upside. Your one-to-one price projection would be $69, $1 to $1.272, $76.57 out there. You're running into some sideways action and it was really started here even though price got above the profile. This little shooting star that formed on the trading session of April 9th and then a couple days later we had this little bullish structured profile that formed. So you've got resistance at 62, 68. You don't because it's a bullish structured profile whoever had requested this. You don't want to see a close below $55.90. Below $55.90, that's a problem. We've got a new weekly profile that formed. It's above price. That's bearish. And so just be careful out here. You've got that confirmed A to B equal CD to the upside. You're in a little bit of a congestion zone out there. And inside the den asked about where's the price target for the ES mini. If we take a look at it, here's your rogement of indicator bottom patterns that were formed. Those lows held throughout the day yesterday. And so the upside price target is your major resistance level. That major resistance level for me is $2807.75. That is where on a 30 minute basis the ES mini had broken down. Price can't get through that. If you are able to get through one level, you go to the next level. That next level will be $28.52. Although I would switch over to the 60 minute time frame chart to understand where resistance is. Why is it that price may be able to get up there? Well, one of those reasons would be let's go take a look at the spot follow utility index. And right now it is trading below its 50 day exponential moving average. That is priced at $4,280. The spot mix is at $4,179. Watch the close there. The spot fix index can regain and close back above that 50 day number. Again, that is $4,280. Then this would suggest that today's action was just a countertrend rally. It still is a countertrend out here. But if it closes below, it could have more upside move. Where would the upside move be to? Well, inside the ES mini, it could be up to $28.46. Inside the Dow, $23,967. And in the Russell, $12.65. I'm not saying that's where price is headed. Price has to take out resistance levels first. And we took a look at the one for the 30 minute timeframe. Folks, thanks so much for being here. Stay tuned. Two more great hours left, and I look forward to seeing you on thirsty Thursday. Have a great day. Be safe out there.


Hey guys, me again. Um, if you guys saw my video explaining why I'm moving to Texas I filmed it in this exact space two seconds ago with the same look So I'll have a video link down below if you guys haven't seen it already. I am moving to Texas. Keep my place in LA Um, long story short Texas is gonna be home base. I felt like that was just like where I'm supposed to be right now I'm gonna keep my place in LA. I'm always gonna work here. I love LA so freaking much and Yeah, that is the life update that a lot of you guys already kind of figured out But today's video is going to be the empty tour of my house in Dallas I filmed this with other people in the house and sometimes I just get like kind of awkward and like Weird like quiet. I don't know if it's like someone. I don't know well who's around when I'm filming So I feel like I seem like a little bit. I don't know I was like a little bit off this day, honestly But I just wanted to come in and give you guys an intro and say like the real reason I think I was acting office cuz someone else is in the house I like I feel like when other people are in the house and I just get like quiet and weird and whatever But I am so freaking happy about this house. We bought it I'm like renting to buy it from my dad, but I'm how I'm making all the payments and stuff so That will be that But I am so freaking grateful and I just love you guys so much Thank you guys so much like even like besides the like obvious like being able to like buy and stuff You guys literally make my life amazing like I would not be able to just be like, you know what? I think like basically God's calling me to Dallas and like just to be able to like get up and move essentially Like I don't have to like find a new job and quit here and put on my two We're like, you know what I'm saying like thank you guys so much This is seriously like dream life dream job dream everything and I'm really really grateful for you guys like this stuff None of this would happen without you guys literally at all. So thank you guys I love you so much. If you guys are new here be sure to subscribe Also, there's a locker on Instagram. Also, I have to completely furnish this place I already have the vibe and the look that I want as of right now I've only ordered two chairs for the entire house, but I'm about to order my couch and a table from CB2 I need to get a call. I literally I knew let's be real. I have to get everything So it's gonna be quite the experience. I have I really was going over how much money I'm about to spend in the past in the next few weeks and like oh It's a literally it could be a salary at this point not really, but like oh my gosh moving is no joke Like at all, especially when you have to like buy furniture again because I've been moving here But I haven't like always had to buy new furniture and even without buying new furniture. It's so expensive So that is what is happening It's probably gonna be a little process because I'll do like the downstairs and I'll do that stairs I'm not like necessarily rushing to get everything done immediately because I don't want it to like not be something that I love But with that being said I need to be able to you know live and have a place to sit in my house So that is what we're doing. I'm mostly excited for my bathtub with jets.  We don't even touch the bathtub So one so excited to have a bathtub again not one but two in the master one has jets So I'm very excited, but I just wanted to say thank you guys again Seriously so freaking much for just like following me and just like being around like even as the comments and like I've been Eating so many of you guys just around like literally I've been running into you guys as you're listening to my podcast Which is like so crazy Without being sad I know you guys just want to watch the haul not the haul the tour But I love you guys if you want to hear more about the story of moving For sure a ramble, but I'm kind of sawing you guys as like friends Um, I will have that video link down below. I don't think I so much get ready for moving vlogs Comment down below if you guys have any wrecks for Dallas like literally everything like I need like Restaurant wrecks. I mean I'm from there like I know a lot but like restaurant racks Cobby shops where shake my nails done. Where should I go work out? Where should I you know? I'm saying I need wrecks for every single thing that you guys can think of So leave them down below and then if you guys are not from Texas comment down below where you guys are from Love you guys so much and I'll see you guys Soon, but let's get started with the tour. Yeah. Hey guys. Welcome to my Dallas house tour So by this point you guys will have already heard me talk about this. I'm very excited So we got a place I got a place in Dallas, which is very very very exciting You guys are seeing it before all of this stuff gets changed like we're painting all the walls white We're like redoing the kitchen and then I'll be broke for a little bit and then later on We're gonna pick up and add some more stuff. So you guys are in the entry. Um, it is Technically, I mean really it's four stories, but it's like mainly two you guys. Let's see what I mean You guys walk in here and then over here. I have this Grudge Yeah You go upstairs it's currently stage right now Um, but this will obviously obviously this will be changed All this will be white. I'm so perfect, but this is the main like living area This will be my couch like I want to get a fireplace. I don't know. I'm out of breath right now We're here. I'll eventually get a fireplace. I'm gonna do kind of the same layout I already have my couch picked out I kind of have my coffee up without the chairs that I sat in today that I really wanted more $1,300 each So that's what happened. There's your mini balcony out here here is the little like kitchen breakfast next thing I also have the table picked up for this. It's kind of weird because there's no like But the light isn't such an awkward place. I don't know what I'm gonna do about that I have the vibe that I want pretty much down Then we go over to the kitchen I'm really excited to go back to having one of these things. That will be very exciting Eventually, I will replace the counter top. That's not like the first thing I'm gonna do the first thing I'm gonna do I'll paint the walls white. I'm gonna get the cabinets and the backsplash all white. I need to get like knob Things why I'm bringing you these are called No, they'd be knobs handles Whatever I need to get those The fridge comes to the place. This is my first time opening it I'll eventually be replacing this just because it's gonna look a little bit weird With how I redo everything But yeah, we have the kitchen everything here and then you go over here and We have this little closet that is kind of like a little Harry Potter Closet right here as you guys can see. Oh, I'm gonna watch Harry Potter tonight But we're gonna like somehow I keep saying we it's just me but I just mean I say we for everything I've noticed on this move um I'm going to Somehow I don't know feel a lot of pantry in here And then we just have a little bathroom, so it's a two-bed two and a half bath So we have like all this and yeah, it's just really gonna be so nice Okay, um we can go upstairs So up on this floor this is where the bedrooms are this right here will be my bedroom I'll also replace that there's a lot of things obviously you guys catch the jumps at this point. I'm replacing a lot of things My bedroom. I have no idea what I even want it to look like I guess definitely a dresser there wouldn't make sense I wouldn't amount the TV here So I got so anyways moving over here in my bathroom Okay, so there's two things a bathtub with jets. Oh my gosh. I just realized it's dirty They need to like clean up, but oh my gosh. Oops. No, I'm serious. Wow Let me also have a shower as you guys can see So that's pretty cool Walking in here. This is my closet We've got like pretty good size walking closet This is kind of odd over here But they have this but then to here. I don't know Yeah, I don't know. I'm trying to like get rid of a lot of things and keep just a lot less stuff because I don't need it This is pretty cool though. Like it's already built-in shelf. So now let me convenient probably for shoes I'm assuming because I don't really have anywhere else to put them So the nice thing though is because I have that huge garage all of my like suitcases and everything Don't have to stay in my closet. Okay So then out here we have a balcony. We'll be coming back here. There's a whole rooftop over here we have another bathroom This is really nice because I really do strongly believe that like sharing bathrooms with people is actually okay So for my roommate now, she's great But like when Quentin is using the bathroom and I use the bathroom like literally makes me want to scream So anyways, I'm really easy, you know Another bathroom. This is just a bathtub and shower Very nice. Then I'm moving over here. This will be my office It's pretty small honestly. So like I just I mean honestly, you know if I could do like Basically all I could do would be a desk. I want a desk like in the middle You know what I might do is the shelves that way and the desk this way Because it's facing the window and the lighting we better. Yeah, that's what I'll do. That's better Okay, and then there's another closet Here Not really sure What I'll put in there maybe like outerwear and stuff and then we will go up to the rooftop Which is my favorite part of the house There's a big balcony outside of my room and then you hit the spiral staircase and then you get to the balcony So I'll see you guys up there. So as you guys can see it's a very large Great good-sized balcony and then there's a spiral staircase that goes up to my beautiful rooftop Okay, so here's the rooftop. It is actually so big like seriously so nice There's a view of the city kind of like as you guys can see it's a little bit blocked off But it is just so beautiful Whoa, you know what I thought about these are gonna cause some issues, but anyways So my vision for out here is it's gonna be the coolest rooftop in all of Texas I'm gonna get turf everywhere eventually. I'm gonna buy like a whole outdoor seating area, and then I want to get a grill They get a girl here. Yeah, there's an all over here, but it has to be here, and then I also want I don't know how That's really unfortunate. That's not cute.  That's very expensive Yeah, I love the rooftop. I feel like I'm gonna spend so much time up here once it is done. I'm very excited So that is it for the tour. I hope you guys enjoyed it. Thank you guys so much for watching I'm very excited. Um, there's gonna be a ton of like moving vlogs a lot of their home update first and then moving I'm so freaking excited. So yeah, thank you guys so much for watching. I love you guys so much And I'll talk to you guys soon. Bye