 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 February 13th, the terrific Tuesday edition of today's Traders Edge Show. I'm your host, Steve, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us. Not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift and every set of circumstance that life is going to toss at us. Now today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here and 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. Dial on in at 877-927-6648. Now if you've got a question but you can't dial in, we've got you covered. You can send me an email. Send that off to Steve at TFNN.com. Inside that subject heading, please put radio show question. Of course, if you're inside your Tiger's Den, our Tiger's Den, well then any, Ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. A-C of red out there. You've got all the U.S. Indices that we track. Traded the downside. All the sectors inside the S&P 500 doing the same. Dows off 437. S&P's down 55. Nasdaq 185. Russell is down 58. That's almost a 3% move there. 48 points for the semis. Trendy's off 414. 3% there. Gold's off 25 bucks. 1.25% nearly 3% for silver. 60 pennies. Natural gas off 9 cents. 30 year treasury. Printout 118.14. Our leader to the, in the clubhouse, the upside is Med-Pace Holdings. 39 buck move. 12.5%. Super Michael. 2% move. 18 bucks. Echo Lab. 15 bucks. 7%. O'Reilly Automotive. 12 bucks. A little over 1%. Nvidia's up 10 bucks today. A little over 1.3%. To the downside, the Shakers. West Co-International. 44 bucks. 23%. Avis. The rental car group down 20%. 33 bucks. Moody's off 7%. Wattsco. Down 6%. Arm Holdings down 14 bucks. That's a $21 move to the downside. So let's begin with the new profiles that are attempting to form out here. Now, the difference that I have in different profiles in the ESMini is going to be the center line. So here I'll just start with this set of charts. So here we can see, it's really actually kind of hard to see. Let me just turn off price for a moment. Because then you'll be able to see it in a moment to do that. Let's turn off the price. And now you'll see the new profile. So you can see this is a bear structure profile. Again, bearish in structure. We're looking at the upper left-hand panel. Bearish in structure because at the top of the profiles where sellers are located, the bottom is where buyers are located. The center is where both buyers and sellers believe there's fair value. So we have more sellers up towards where the sellers are located, the 50-52 level. So what they should do is a close blow 50-24 should be able to take us down to the bottom at profile 49-39 out there. Let's take a look at the NQ's profile out here. Again, I'll just simply turn off price. I'll also turn off those trend lines. Let's get those turned off here. You can see the new profile. It too is bearish in structure. So resistance is between 17-793 and 17-924, where support is down to the 17-531 level. Let's turn the price back on. So we've been very close to testing that support area inside the NQ. 17-531, the bottom profile, 17-586, the actual low of the trading session. In the case of the ESMini, the bottom of that profile is down at 49-39, the low of the day has been 49-61. So the interesting thing here is let me turn off price for the Dow because this profile has just recently shown up. I just want to refresh this screen and see, that's still there. So the Dow says it has a new profile that's attempting to form. Again, I'm using my advanced Doppler tool with support of 38-519 and resistance at 38-871. I believe we're trading below that as we speak right now. We most certainly are. So watch at the days then, 38-519, if price is able to close above that, the potential new profile will have held. In the case of the Russell 2000, big move down to the downside. It was nothing more so far than a test of support. That support level being 1975. No new profile has formed there. I had mentioned that I've got a little bit slightly different center areas, both on, well, really on the ESMini. So if we go take a look at those charts here, give me a moment, we'll flip over to those. In the case of the ESMini, I don't have an easy way to turn off price here, but what you can see is 49-39, the bottom, that remains the same. It's the center which has shifted. It's down to 49-67, whereas the center on that black background chart was at 50-24. It makes a huge difference. So how do you know which one is right? I like to say they're both right, and we use them both. Now what this really tells us is that a close below 49-39, because we use the ESMini bull structure profile. Again, remember, I won't have confirmation of this until this evening. Why are you telling me about it now? Because you need to know about it now. Because especially if you trade intraday, you want to understand where those buyers are potentially lined up, and that's what the profiles help us do. So in the case of the ESMini, prices pulled back in to the contestants' bull structure level out there. Now you can see that it shows a potential bar number nine of a TD-9 count. But in order to do that, price would have to close the day above the close of bar number five. And that's up at the 5,015-25 level. Doesn't matter. Right now, we have a three-river evening star. That will confirm a rogement-dominicator top, likely at day's end, unless we get some type of huge rally and the gate's that candle signal. So it doesn't matter whether we're going to get a TD-9 count or not. Inside the ESMini, it looks like at day's end, we will have a top. The question is, can price take out that 49-39 level? If it does, the anticipation would be that price will get back to the 20-24 low. And that's at the 4,702 level. Inside the NQ, it's got that same bottom of its profile out there. It's got really the same profiles altogether. 17,531 being a key area to watch out here. So the Dow, the ESMini is going to have a rogement-dominicator top. The Dow already has it. The rally yesterday, by the time we got to the 5 p.m. close out here, our price had closed below that 38,892 level. So it's got a top. The ESMini has a top. The Russell. I don't know what it's got, quite frankly. And the NQ at this stage here does not have a topping pattern. Nothing confirmed. We don't have a bearish reversal candle, as we speak, at least just yet. So that's what's going on. We take a look at those for equity-future contracts. Let's not stop there. Let's go take a look at the cash indices out here. We take a look at the cash indices. What we're going to see is tops all over the place. In the case of the Dow Jones, you've got a bearish sash candle. That confirms a rogement-dominicator top. In the S&P, you've got a gap to the downside. That confirms a rogement-dominicator top. Same for the NDX100. The Russell 2000 again in the world of its own. Maybe it completed a small A to B-equal CD and a gap to the downside is a Gartley sell pattern. I'm not going to focus on that just yet. We take a look at the Russell. The semis out there confirm a rogement-dominicator top with a gap to the downside. Same for the transports. Same for the NASDAQ composite. And now, in the case of the New York Stock Exchange, today's candle bearish engulfing, bearish sash candle will confirm a rogement-dominicator top. Basically what I'm trying to share with you is there's a very likely possibility that we've got a top. The question is, is that just a top that leads to a two-day, two-bar knee-jerk retracement out there? Or which we should say is two to four bars. Steve Rhodes with TFNN. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. 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Hosted at Discord, TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all Tigers and Tigresses for just $1 for the year. For more information and costs, then you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Folks, let's take a quick peek at the intraday charts. We've got a couple of emails I want to get to those that don't want to get behind. Only a few of those. So, we'll take a look at the charts here We've got my multi-time frame-setting charts out here. The ES mini, here's what we know. We know that price, at least on the white background charts, is pulled back to its support zone. Again, that's between 49-39 and 49-0, 49-67. So, when you're pulling back into a support zone, you start looking at those other, on a daily time frame, you start looking at those other intraday times to see if you can identify a bottom. Turns out on the 60-minute time frame chart, we're going to confirm as we come into the 12-noon time frame a TD 9-count bottom. This bar that we're currently in just simply needs to close below the close of bar number 5. Unless we get some type of miraculous rally and I doubt that's going to happen, we're going to get a confirmed weekly TD 9-count bottom. What that says is the price should bounce up towards its oscillator and change line. The oscillator and change line is currently printed in 5002. If it does rally from here, that is likely to be a that figure will likely move higher. But just use the 5000 that with the 60-minute time frame chart is communicating to you as the possibility of rally into the 5000 area. If we look at the 30-minute time frame chart, I do not have a bottom pattern. There is not an A to B equal CD pattern to the downside, at least that Stevie would use because the B to C would be less than 0.382, well less than 0.382. So no bottom there, but we do have this new profile that is formed and that's got resistance up at the 49-88 level. So even though the 60-minute says I want to rally up towards the 5000, 49-88 is going to be the first hurdle. If we look at a 15-minute time frame chart, its hurdle is 49-91. Now it's got a roadsman to indicator bottom price consolidating with inside it. Of course the price trades below the lows of the day were headed much lower out there, that much lower by the way inside the S-mini I would say would be that 49-39 level. I don't have any other bottom patterns or signals out here. We take a look at the 2-hour, the 4-hour and the 5-hour. So that's what's going on from an intraday perspective. I have another screen, I'm not going to turn that on because sometimes I forget to go back and forth. The ES-mini, it's 0.382 retracement is of this move to the downside, is up at the 5001 level. So 5001 and I'm just using it, it doesn't matter what time frame I use quite frankly, 5001 is a 0.382 retracement for the ES-mini which ties right out to the 5000, the oscillator and change line is really the point that I wanted to make. As far as the other retracement and the other indices, the NQ's already made the 0.382 retracement. In fact, let's put the NQ's charts up here. That'll help us out. So they got the NQ March 2024 out here. The 0.382 retracement was 17.791 that's basically what it hit almost to the T. Let me see what was the actual high was 17.791 75 and 17.791 0.02 was the actual 0.382 retracement. So it makes sense when you get to that first elevator that's either going to turn down and head to the floor or it's just a place where people get off the elevator while price moves to the upside. So now let's take a look at the NQ charts and the NQ it does not have a TD-9 count bottom on a 60-minute time frame chart it has a bullet-structured profile and price has gotten up towards where it should have which is 17.812 so 17.812 is really going to be your resistance level. I don't have a bottom pattern signal on a 30-minute time frame nor do I on a 15-minute time frame I do have a roachment to indicator signal on the 10-minute time frame. So what do we know about those charts out here? Well, in the case of the 10-minute you're above profile level so rally could continue to ensue the same thing for the 15-minute time frame and right now the 30-minute time frame is trying to do that same thing what that means when you trade above the top of a profile at least if you do for two consecutive bars if you were in a downtrend that tells you about a profile change in trend profile change in trends usually take us to the next areas of resistance in the case of a 30-minute chart for the enqueue that's all the way up at 17.963 I'm not going there at least I'm not going there yet but right now what you'd be watching really is going to be the 17.813 area inside the enqueue we'll come back and take a look at the NASDAQ in a little bit that's a question that came in from pearls inside the Tigers and a little bit of follow-up to the conversation that John and I had yesterday morning but right now let's go ahead and get on to a couple of requests that are out here the first one coming in from Tim and he wants to take a look at CrowdStrike the ticker symbol there is CRWD so we take a look at CrowdStrike what Tim is looking for is a entry point so we take a look at this set of charts out here what do we have all that we have today is so there's a new profile that formed yesterday inside of CrowdStrike so I'm going to open up just the daily time frame chart out here this new profile that formed price was above it it's a bare structured profile and so an area where price would find support if it's only a counter trend moved to the downside would be either at the top or the center more often that's not it's at the center of the profile now it's really the body of the candle that's the essence of price do I worry that the wick has moved through that level above it no I do not because at the end of the day it's not about what the wicks had done the upper or lower wick it's really about the body of the candle that is truly the essence of price and right now we can see that price has held that center which is 30702 out there so at this stage here with regard to CrowdStrike on a daily time frame a real aggressive trader you know might add to a position there but let's hold off on that thought process let's look at the weekly and the monthly time frame chart look nothing but bullish to Stevie why is that because prices above profile resistance prices above its green oscillator and change line those are bullish conditions that does not mean that price can't pull back it just means that for those time frames we have bullish conditions and they're likely to head higher now the monthly chart had a swing point from back and this is CrowdStrike from back in November of 2021 there was 81 million shares that traded hands last up month we did 71 million shares so far you're 25 million so it's taking out that swing point it's doing let's pull this chart back just a tad it's doing it with lighter volume out there but nonetheless you're still above that you're at in essence new all time highs this month really just a few days ago as we take a look at the daily time frame chart so Tim you're looking for an entry point out here let's look at a 30 minute time frame chart the 30 minute time frame chart that's not helping us a ton let's go down to 15 minute chart see if there's anything there and then the lastly we'll go up to a I don't see anything there let's go up to a 65 minute time frame chart so the intraday signals are not really being super helpful however the 65 minute chart here Tim price did pull back well below that 3403 level but on the 65 minute time frame close right about that was a breakout area so hmm Tim best I've got for you as we speak right now is really going to be that 30702 area out there that's what Steve's got on his chart so I hope that helped you out maybe you get another pull back into that zone so I'd say the buy zone right now based upon the daily chart would be between 29845 and 30702 with the latter being the preferred otherwise you get all the way down to the bottom of that profile pearls asking about whether or not gold might have a bit of a bounce let's go take a look at our gold charts out here see what they're doing and the question is we take these gold charts do we find any support so let's start with the possible support level pearls and let's start with the monthly time frame the monthly time frame is trading back into the top of its monthly profile that's up at the 2010 level 2010 that is an area of support because price have been above it for more than two consecutive months so by the monthly basis prices test in an area of support on the weekly basis it's the same it happens to be the top of its profile the top of its weekly profile is at 2003 I hear the music pearls when we come back to this break we'll further look at gold you can see on the daily time frame the gold is also back at a possible support level at 2001 to 30 Steve Rhodes with TFN we'll be right back Gold report as a 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are some kind of bottoming patterns and I don't see that when I look at a 30 minute time frame chart it was just a straight waterfall cascade to the downside on really all these time frames and no bottom signals out here no TD-9 counts and arrangement to indicator signals so your question was mostly was this more by small bounce and so the answer to that question is yes because prices back at support but where's that bounce going to go and that's really a great answer to that if we take a look at the 5 minute time frame out here it's one that does have an arrangement to indicator bottom it's just really led to a sideways move you know not really much out here that being said price is above the top of its profile so price should bounce further that bounce should get us back to the most recent intraday high so far 2009 if price can clear 2009 you can actually see 2019 out of it now that happens to be the 5 minute 9 count breakdown level in order for that to happen though we're going to have to get some help from the currency pairs there's a directional correlation between gold and the US dollar index out there and so we're going to need some help so instead of going to the US dollar index right now what I'm going to do for someone to close out these charts and then we're going to take a look at the Euro the yen and the pound because that's really where the help is going to need to come from out there although here here's also the gold here's also gold silver and the gdx let me just stay with this and I'll go take a look at the currency pairs so you can also see inside of gold we've got a small a to b equal cd to the downside that has completed you're also in bar number 7 that says in order for a TD 9 count pattern to form out here with regard to the daily time frame gold's going to have to spike below today's low whatever it is tomorrow the next day or the day after out there to confirm that TD 9 count bottom pattern on the the case of silver you don't have anything out there price trading below profile you know in order to accomplish an a to b equal cd to the downside we got to get to the 21 30 21 60 type area the case of the gdx also today will become bar number 8 for it so it could form a TD 9 count bottom between today and Thursday of this week there's also an a to b equal cd pattern is present so your bet your best bet is to wait for a bullish reversal candle to then generate a buy the d-point pattern take a long position inside the minus course we're going to want to see the U.S. dollar index at least at this stage until until that correlation breaks we're going to want to see the U.S. dollar index back up so if the U.S. dollar index is going to back off it's going to need the help and the assistance of the euro the yen and the a pound it turns off Stevie didn't have those charts up we're going to put those charts up now and here we're going to have both the daily and the weekly time frame at least on the bottom we're looking at I've got another monitor that has a 30 minute time frame just so I can see if there's any kind of topping or bottoming pattern depending on which one it is that we're looking for when I take a look at the when I take a look at the Great British pounding and you don't see it I do not see any kind of a bottoming pattern that suggests that it wants to head lower now that's a very right hand panel that we're looking at out here and so on the daily time frame we're trading below yesterday's low we found inside a consolidation Stevie doesn't see a bottoming pattern on the 30 minute time frame chart so it may just be heading towards the bottom of that consolidation if it does that it'll put strength inside the US dollar index let's take a look at the Japanese yen on this chart here as the yen moves higher it is getting weaker that means US dollar index is getting stronger we are in bar number eight so there's a potential for a teeny nine count top to form out here between today and Thursday I'm looking at the 30 minute time frame chart I do not have a topping signal so we're likely to see a further rally inside the Japanese yen that should put more strength inside the US dollar index the euro had an A to B equal CD to the outside it is now achieved it's one to one price objective out there 1.07 three and right now it just looks like this wants to head lower when I look at the internet charts out here I do not see any kind of a bottoming signal so in essence when I'm getting here with regard to the US dollar index at least with regard to currency bears that make up 83% of the weighting that you know that the US dollar index could in fact continue to move higher what we do know about it though is that price is trading right into potential resistance that's the bottom of that weekly profile so we're kind of at this stage here we're not seeing a ton of at least on the 30 minute chart not a ton of reason to suggest that the dollar won't break out above this level but resistance is resistance and until it fails we've just got to rely upon that okay so girl our pearls that should help be out with regard to gold you also had a request to take a look at lights we crewed I believe so let me close out these charts just to free up some resources and we'll go take a look at lights we crew will do them on steve's intraday charts out here just got to give me a moment to get there and it'll take a moment for these to populate as well trading let's get lights we crewed we are in the March contract and let's see what we have here and I believe the question there was also is there a bounce now in the case of lights we crewed I think that was a question it's up at resistance in fact I wait for these charts here to populate give it a minute so we take a look at the daily time frame here for lights we crewed first it's trading up into resistance zone 7862 is going to be the real key level to be watching here so you're trading about yes it's high the the day before is high so it's a bullet structured profile so the daily time frame chart is saying yes I've got further rally but right up into resistance and that resistance being the 7862 area turns out there's also resistance at this high this high being January 26 that is the TD9 count top and that top is at 7826 so you've got resistance at between 7826 and 7862 out there we're trading at 7798 the 5 hour time frame chart and this bar that we're taking a look at right now is going to complete at 2pm and it closes above the prior bar which is 7784 when they gain its roads with the indicator top that would be a bullish signal we could get a TD9 count top on the 4 hour time frame chart no top just yet on the 2 hour or the 60 or the 30 or the 15 or the 10 minute time frame chart so I would go like that I would say this pearls looks like that we get a further rally that's really just up to resistance levels and again on the daily time frame that's either going to be the high from January 26 at 7826 or the top of its profile at 7862 and no I was not dyslexic when I was giving you those digits out there so hope that helps y'all Vic wanted to take a look at URA so let's take a look at that that was CrowdStrike I think we already took a look at that let's go take a look at URA and URA and I apologize Vic I don't remember what you were asking and but let me just share with you what Uranium is doing it is pulled back right now and it is the URA ETF I should say it is testing profile support now profile support is at 2928 we're trading at 2923 a close below 2928 what I really say is a close below the swing point from January 29 that's 2891 your price close below 2891 we're taking it lower price now that swing point had volume of 2.8 million shares so far for the day you've done 1.4 what that tells us is that price is moving back with volume and that says a close inside this candle which it's likely to do that candle range from 2891 to 3010 out there is going to suggest at least a test of that low when you close inside a swing point with volume you're likely to go test the low of that you don't see that chart son of a gun I knew I would do it it's only a matter of time we're going to have those charts up on the screen and Steve will repeat that we'll get back to this break currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstad's Tiger Forex report Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets 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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 NYSE American and TSX under the symbol VGZ folks sorry about that screw up out there we knew it was about to happen we're taking a look at the URA this is for Vic so right now you got price trading below profile support we've established that price is moving into its swing point with volume that says price is likely to test at 2891 level if we get it closed below that we're likely to head to 2801 to 2755 you've got a weekly rogement and indicator top you've got a no you don't have a sell the deep point just a rogement and indicator top out there and and on a monthly timeframe you may get a rogement and indicator top as well too early to call back but you might just simply get a TD9 count top so right now if you were looking for an entry point I'd sit I'd sit idle I'd watch what happens as price gets back to that low should it get back to 2891 I also wasn't showing unfortunately the lights we crude charts I'm gonna put those back up on the screen real quickly here just go through those real quickly here's your TD9 count top that formed out here that was on the date of January 26 that makes that high a key level of resistance up at 7826 and above that at 7862 is the top of that daily profile nothing else really to report on here inside you know you've got a couple other potential signals maybe a four hour TD9 count top out there you already have a rogement and indicator top on the five hour chart I just need to see where that 2 p.m. closes all right the last request that we've got out we're not really there's two more requests this next request is to take a look at ASPN Dan's question is this really headed to 16 bucks Dan I don't have anything inside my systems to suggest otherwise absolutely here what that when I say my system we're taking a look at is ASPN it is trading above the top of its daily profile it is also trading above its TD9 count breakdown resistance level and that is at 1264 when you when you close above a TD9 count breakdown resistance that definitely tells us about a change in trend so whereas this was a change in trend to the downside formed a nice TD9 count bottom a wave number 7 bottom out there now what price is likely to do is go after 1607 if that does like 1607 that's a TD9 count breakdown level on the daily time frame it might really like 1647 and 1647 is a top of the weekly profile so no matter what time frame I look at whether it's daily whether it's weekly whether it's monthly ASP and wants to continue to rally now I'm not suggesting that somebody jump on board that train just yet the reason being is today is going to be bar number 6 to the upside of consecutive moves higher out there instead now it doesn't mean that it can't go on it's just a bit extended even for this stock out there and so this we've got a six bar move that took place out here back on July the third of 2023 that led to a two-day rally a two-day rally a two-day pullback out there so if you're looking to get in I'd wait for a two-day pullback out there and what we can do is ma a two-day pullback out there and I hope these are some of the odd-favor that is likely to begin sometime soon so hope that helps out done 16 is the a number now we did every request it was from pearls earlier it was asking about the the NDX 100 so what I'm going to do here is we switch back to the black background screen the reason is because when I use with first with regard to the general markets. What I'm saying is we've got a definite short term top that should last from two to four days or two to four weeks or two to four months. Yeah, so let's kind of go through that process. Right now we're just in the two to four day camp out there, but I could easily be swayed to the two week camp. So how is Stevie coming up with that? Well, here we're going to take a look at this is the NDX 100. That's what the question was about. That's something that we had taken a look at yesterday. If we take a look at this is the seasonal timeframe chart, just a normal seasonal, no presidential stuff, no nothing out here. This is over the last 25 years, last quarter of a century. What we can see out here is typically the NDX 100 forms a top right around February the 15th. So we'll call yesterday, today, February 13, February 12. That's close enough for Stevie. Now with this shows, this shows that price would typically move down into March 12. Well, if I take a look at my calendar here, just to open it up, I'm just kind of curious myself. So if we got a top this week, one week, two weeks, three weeks, what I say March 12, four to five weeks, that would give us our four week, two to four week decline to the downside. So that would just simply be following the normal seasonal pattern over the last 25 years for the NASDAQ 100. If I take a look at the last 10 years out there, there's the last 10, really shows the same kind of a pattern out there, a little bit less muted. Even if I go to 38 years, we're at the same kind of a pattern. If we switch it from the NDX to the S&P 500, let's just do that for the moment. You can see we're also near a point in time where we typically see a decline for a couple of weeks. So everything is really lining up as we speak right now for a couple of week decline. So that's the first thing to consider. What's the second thing to consider out here? If we do have a change in trend, then what we would see is we will see these levels of profile support areas fail. So inside the right now, you've got to just write this number down on your pad of paper inside the NQ, that's going to be a 17, 531. And that's really the NQ. Even though you may not follow it, you may not trade it, you do need to know it. So find some system that you've got out there that will give you at least that data feed so you know what's going on. And if we do get a closed low, 17, 531, inside the NQ, the likely target would be down at the 16, 334 level. That is the 2024 low so far. So that would be the price target area. Now, what else do we talk about in the NDX100? And we're going to switch over to those charts. One of the questions that I had asked to John yesterday, because if we take a look at Marty Armstrong's work, what he will tell you, if you look up his definition of phase transition, is it needs that coil that we took a look at, it needs that spring. In other words, it needs that consolidation. So after we got off the year yesterday, I went back to my charts just trying to identify a consolidation period. Now, what I did, I did very much like John did, was he set his scale to a logarithmic scale. So if you take a look on the right-hand side, and those numbers look a little bit funny to you, it is a little bit funny because I've got this set to a logarithmic scale. Now, if we take a look at this, this is the 2020, this is the 2000 high out there. If you want to understand how long it took us to break that 2000 high just in approximation in these are months out here, how many months? So let's go from here to about right about here. It was nearly 200 months, 200 months out there. So almost 20 years, 18 years, something like that. If 200 months out, that was just quick division in my head out there. Now, when you break a consolidation, those of you that have listened to the show, I've shared with you that when you break a consolidation, you typically, you being in the instrument, will typically do a measured move equal to or greater than the consolidation. So where does this take us to? Well, the interesting thing here is when I change these charts back to their linear scale model, why didn't it do that? Oh, I put the percent scale here. Now we take a look at this. So that's the exact same set of charts. I've just converted this from the log scale to the linear scale out there. And the reason why I know that this is a good good consolidation patterns, because this is a monthly chart out here for a number of months, we had price that was up at the top of that consolidation and just never broke through the final breakthrough really came in January of 2017. And then it's been a nice move to the upside. So what this with regard to the potential for a phase transition, where could this possibly take us to? Oh, let me get rid of the percentage and sorry about that. The answer to that question is in the $30,000 area. So there's that piece of a puzzle for John. And that suggests that what we're really looking for is a bottom, but that next bottom may not take place for the next two to four weeks. Steve Rhodes 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 Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com. Educating investors. 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 Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. 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Our season hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just one dollar and follow us on YouTube and become part of our vibrant community. And remember, at tfnn we're so confident in the value we provide that we are for a 30-day money back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk. So why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. tfnn educating investors. So now we've got the Nasdaq 100 charts up on my screen. We're taking a look at the monthly, that's the left-hand side, the weekly, that's the center panel and the daily horizontal trading range boundary lines are brought to us by Bud Rawls. What we can see here on the monthly timeframe is price basically has gotten up to that next level 18-144. We didn't get right up there. We use these Morris guidelines and we do exact to the T. We can see on the weekly timeframe 17-841 is a horizontal trading range boundary in 18-112 on the daily timeframe. So another reason we're up at a resistance area, again, resistance doesn't necessarily have to hold. Price can break through that. But now we change the screen out here. Many of you already know why I've said a two to four day retracement out here. And that's just simply because of the normal breathing pattern or dance steps that markets typically do. This left-hand panel is a daily timeframe. What we can see out here since the October 26th, the bottom out here, we've had one, two, three, four, five, two bar pullbacks. We've had one five bar pullback. That was during the timeframe between December 28th and January the fifth out there. So odds favor a two to four day pullback. Yes, I've got five out there. Now that's on the daily timeframe. But if we look at the weekly timeframe, this is why I say I could be convinced that what we're in store for is a two to four week pullback. If we take a look at this weekly timeframe, we've only had one week where we actually had a lower close out there, just one. Boy, that is certainly a strong. We take a look at the monthly timeframe chart as well, the last pullback was at October 2023, where the daily form derogatory to indicator bottom, although it's not shown here. And that was your basic two to three bar knee jerk reaction low. So at this stage of the game, we want to watch the profile levels. It'll end up being closest below new profiles, whether it's these profiles that form that we've been taking a look at today. I'm going to switch screens out here. That's the last image that we'll leave you with, if I can find those, whether it's these new profiles inside the NQ or the ES or even the Dow, but closing below those start to get us looking at, well, certainly the two to four day pullback, but it could be a two to four week pullback. And folks, but I didn't get a chance to show you when I went back and took a look at 1929 and took a look at the pullbacks there. We saw it two monthly, two, we saw pullbacks of two months. So even if we get that, this rally to the upside that 30,000 is absolutely still in play. Have a wonderful day, folks. I'll see you on wonderful Wednesday. Have a terrific Tuesday. Be safe out there.