 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Welcome to the August 16th, the wonderful Wednesday edition of today's Trader's Edge show. I'm your host, D.B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there's having a great day. Let's make sure we have an extraordinary one. Now, the easiest way to do that is to always remember that life, it's happening for us, not to us. That's right. When you and I make that one little two by four shift, means we can find the gift in every set of circumstance that life is gonna toss at us. Now today, you and I, we're gonna go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that, and that's this during this next 53 minutes, I am 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 call in, you can send me an email. Send that up early and send it to Steve at TFNN.com. And inside the subject heading, please put radio show question. Now, if you're inside our Tigers Den, well then any and every 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 Steve Rhodes. Welcome to the show. Mixed back out here. Got the Dow up 114, the S&P up eight, the Nasdaq 118, the Russell's off three, the summaries are down 17. Gold is trading off 40 cents. Silver's up one penny. Life's recruit is off nine cents. Natural gas is down eight pennies. 30 Treasuries up two ticks. Printed out at 120.05. Now lead the charge dollar-wise the upside. You've got HubSpot up nearly 2% or 10 bucks. Progressive Corp is up nearly 11 bucks or 9%. All the beauty up 2% 9 bucks. SIA Inc., the freight company, 2% 9 dollars there and Broadcom up 1%. That's an $8 move. To the downside, it's SAC's Perente Golf. Down 80% 23 bucks. I don't know who that is, but it's a stinger. Coherent Corp is down 33%. Another stinger there. Down 16 dollars. Henry Jacken Associates, 7% or 12 bucks. 25% for VinFast Auto. And Waters Corp is down about 3%. That's a $8 move. But to start our day, we're gonna go out to California and speak with Garo. Garo, thanks for calling. Thanks for holding. How are you today? I'm very good, sir. How about you? Excellent, thanks for asking. We're back to taking a look at Square, I believe, right? SQ is a ticker symbol out here. Tell the folks what you're doing. Yeah, tell the folks what you're doing and how I can best help you at this stage. Yes, sir. It is the daily chart on that. My charting system shows there are two supports. One is support. The first support is 57.54. The next one is 57.72. I don't know if that matches with your numbers. But that's what it says. And it's very close to that. I wanna make sure, I wanna not make sure. I wanna see your idea regarding that. That is the bottom. It's gonna build a base there or it's gonna go below than that. Okay, so we do have some numbers that are pretty close to being in agreement, I believe. So I'm looking at the weekly timeframe chart right now. I've got my white background charts up here. And what we'll notice on a weekly base, I know you mentioned the daily, and I'll get to the daily momentarily. But what stuck out me as you were going through your review and identifying support in the 57-ish range out there, I have a daily TD9 count to breakout level of 57.78. So I show that as being a key area of support. And it can be a bottom. So this formed a TD9 count top. It completed that pattern back on the, this is a weekly chart. We're looking at the week of August the 4th out here. And so if price closed below 57.78, then the next area I believe that I'd be looking at would be 42.33. So that's the first thing. As we get down to an area I had set on the weekly chart, price has gotten down towards that breakout level 57.78. When price does that, what I look for is on the shorter term timeframe, see if we've got any kind of bottoming patterns. And here, voila, it turns out that yesterday was a TD9 count bottom. And that says that Garo, as long as price does not close below yesterday's low, you could see a bottom and a bounce, or you should see a bottom and a bounce. And that bounce should at least take us up towards the 64, 24, 64.78-ish type area. Now, today's going to be a key day for Square because our price closed below yesterday's low, and yesterday's low is 58.13, then that tells us about a further move lower. Now what we don't know is whether or not it will actually bust through 57.78, but that would be the signal that it would be sending to us. So we have, on a weekly basis, price getting back to a level of sport that can be a bottom. We've got a daily TD9 count bottom pattern that came in yesterday, and really it's going to be all about yesterday's low. Will it hold or not? And so I think this one is pretty easy to call with regard to key levels of support or resistance. It's at 58.13, and obviously the 57.78 on the weekly, 58.13 being yesterday's low. Any questions about those charts, Garo? No, everything was fine. I wrote it down. There was a 54 and something on a weekly chart. You said if that doesn't hold 57.78, the next one was 54 dollars and change. 42.33, 42.33 would, yeah. 42.33, very good. And that comes from, that is, so both the monthly and the weekly had TD9 count tops and the breakout level for the monthly timeframe would be that 42.33 area. So the first thing, the first level is watching yesterday's low. Right now we're trading below that, but we need to see where we're at at the end of the day. 58.13, 57.78 fails, and I say 42.33 would be targeting. Sort of some other bottom pattern that we would see, and I don't have anything yet. I didn't have that number, so I wrote everything down, you said, and I'm gonna be watching with your heart and see what happens, because once it turns around and it starts to go up, then I'm gonna follow that, yeah. I appreciate it very much for your time and listening to me, thank you, sir. Have a nice day. You bet, you bet. And Garo, thanks much for calling. Always good to speak with Garo, who has his own set of charts on Stevie's system. You gotta love that. So thanks for that call. Let's get back to just the overview of the markets where we're at in this next minute or so. So to do that, let's switch over to this set of charts here. I think this chart, this set of charts is probably important. It's very important. And that's where we take a look at the daily equity future contract. So on the upper left-hand side, you've got the ES mini. You'll see the TD9 Cal Bottom, 44.47 is that key threshold level. If price closed below that, that says we had lower out here. Otherwise we should see a rally. That rally should take us up to the 45.33 level. It would be better for the ES if he closed back above the bottom or get back inside his profile at 44.69. The NQ also forming a TD9 Cal Bottom. That remains in effect unless price closed below 15.0, 20.75. Short of that price should target the 15.437-ish area. The Dow does not have any kind of a bottoming pattern out here. It's basically been trading sideways to lower. And so it could be targeting 34.410. But if we take a look at the Russell 2000, today is going to complete its TD9 Cal Bottom. I don't know where today's low will be. Whatever that low is though, that's what you would mark on your pad of paper. Price closed below that, just like Garro and I did. We took a look at Square. If the Russell 2000 were to close below today's low, whatever that is, tomorrow, that would negate that signal. And that would be telling us about a potential move back to the 17.60 level. So three of the four equity future contracts have got TD9 Cal Bottoms. Question is, do those levels hold? And if those levels hold, well we should see our rallies up towards those oscillator unchanged line levels. Steve Rhodes with TFN, we get back from this break to take a snow, TTD, Neumann, Tesla, natural gas, ANET, Apple, and Microsoft. We'll be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. 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 tremendously. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals, what is behind the Tiger Forex Report. For all the details and to start your 30 day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. All now toll-free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Let's get to our first request out here. This is coming in from Sat P. Let's take a look at Snow, ticker symbol SN, that's Snowflake at ticker symbol SNOW. And the question is, he's looking for an entry point. Well, you've got it right here right now. So if you're looking for an entry point, it's here. Why? Because what we've got is a TD9 count bottom. That TD9 count bottom completed yesterday, as long as price does not close below, so it's an easy trade here. If price does not, if you would exit that trade, if price were to close below 1.50.07, that would negate that TD9 count bottom pattern. And the reason why you would enter. So you could enter it now. Your price target, or at least your first target, is going to be the 1.5780 area. The reason I have to say areas, because if this rallies up, the number's gonna go up, that number's coming from that oscillator on change line area. So you've got the daily bottom. If I look at a week, I'm not sure, if I look at a 30-minute chart, just to confirm the daily bottom, what you have this morning is you've got a roadsman to indicator bottom. That took place at 10 o'clock. So price went ahead, it pushed lower, it was testing the TD9 count. I've got a roadsman to indicator bottom pattern here. So you've got the confirmed buy signal right here, right now. So now is the time. Now, as far as a, as far as a, so your entry point, you've got that. You're right around 1.5080. Now this on an average daily true range, over the last 10 days, has, is about $6.15. So 6.15 is the average true range of this. Where's the price target? Well, we said the price target was up right now about 1.5783 or there about. So if you take the trade, it's going to be less than a one-to-one risk reward out there because what I use, what I would use for your average true range, you've got $6.15, as I mentioned, but you need to use some type of Fibonacci expansion. You use either 1.272 or 1.618. I was using 1.618. I typically would fall back on that, but that's just your first price target. Your real price target out here is 1.7280. And 1.7280 would be its TD9 count breakdown level. Now 1.7280, your reward risk on that gets up to about 2.1 to one out there. So that would, you know, you've got really, you've got your first resistance zone and battleground at 1.5780-ish area and then a price can close above the asset and change line, that would be signaling to you and I move up to the 1.7280 area. So you've got your entry point inside of SnowSat and everybody else that's out there. Make sure you use proper position sizing, which would be about 10 shares per $10,000 of free trading capital out there. So that's what I'd be taking a look at. Your next request was to take a look at, and this is for Sat P. His next request was to take a look at TD, TTD out here. TTD, which is also in the process of completing a TD9 count bottom day. This is the trade desk. So your entry point, it basically could be right here. Now let's take a look at a 30 minute timeframe chart and see if there was some kind of bottom out here. And the, what do you got? You've got arrangement to indicator bottom. That went ahead and confirmed at 10.30, it bowled through at 11. Price right now is consolidating with inside that profile. It could back down to the bottom of the profile at 73.32. The top is active as resistance at 74.18. But to be clear of that, it should be on its merry way to higher ground. So you're getting the bottoming signals that you're looking for. You want it inside of TTD. Now the average price movement on TTD is $2.87. That's again, over the last 10 day period. This is trading right now at 73.36. Let's stick this in my little calculator system here. And our price target would be, again it would be that oscillator and change line at this stage, 81.12 would be the level. So this would give you about a 1.6 to one reward, so buck 60, oh I said it's 287. So 287 times either 1.272 or 1.6, that would be about 22 shares per every 10,000 and free trading capital. Now if price closed below today's low, it's sad I don't know what today's low is gonna be. I know what it is right now. I just don't know what would be at the end of the day. But right now that low is 72.80. Let's assume that low holds. A close below that would have you get out of the trade. A close, not price intraday tested, but a close below because that pattern would get negated. If that gets negated, that tells us that we're likely headed back maybe towards the 64.56 level out there. For right now you were looking for an entry point while you've got the TD-9s to help you out. And I hope that that helped you out with both which it should have with both of those trades. That was for Sat P inside the Tiger's Den. And thanks much for the request. The next request from Tom G coming in by email as well. And he's looking for an entry point into Newmont Mining. This question is, is right here right now an entry point at 38.37. I wish I knew the answer to that question. If I answered that question only by looking at the Newmont Mining charts out here, my answer to that would be no. Why would that be no? It would be no because we don't have any kind of a bottoming pattern on a daily timeframe. In fact, what we had was yesterday, was it yesterday that no, yeah it was, no I take that back. It was on Monday that the, its TD-9 count bottom was negated. So on a weekly basis I don't have any kind of bottom. I have price perhaps trading back into support and support would be the low from November 4th. That low out there is 37.45. On a monthly basis price is below profile support. So it could be targeting 32.86. Now I was, I said, I wish I knew if it was gonna form a bottom. The issue here is that Newmont Mining will move with gold or should move with gold. So if you're asking me does Newmont Mining have a bottoming signal that says that you should take the trade now, the answer would be no. If I go to the 30 minute timeframe chart that I'm gonna do here, we've got a TD-9 count bottom and a Roadsman to Mindicator signal. This says we should see a rally. However, if price closes below the low of the day so far, the low of the day at Newmont Mining, let me just give that to you, it's gonna move us over here. The low of the day is at 38.21. You just get a close below that. That tells us that Newmont Mining is headed lower. What should transpire here is if price can clear this oscillator and change now, we're seeing that's what it's dealing with right now. And that's Tom at 38.32. We should at least see a rally up into the 38.92 level. Now the caveat with regard to any of the mining equities, quite frankly, is what is gold going to do? And that was really the hesitation, Tom. And the reason was because what we've got in Goldilocks is we've got TD-9 count bottom patterns out here. In fact, we've got it for gold and silver. If I just switch over and I throw up these charts, I believe we'll get them. Now this is gonna show gold, silver, the GLD, SLB. So it's got all everything daily and weekly for each of them. What you're gonna see here is in the upper left on the daily timeframe, we've got that TD-9 count bottom for gold. As long as that remains in effect here and it remains in effect as long as price continues to close above 19.34.20, we should at least see a rally to the 1951 level. Silver's also got that TD-9 count bottom. So if we do start to see gold and silver rally, although Newmont Mining won't have a bottoming signal, it likely will rally as well. And that's where this gets a little bit dicey and tricky. But to answer your specific question about Newmont Mining and we just take a look at that chart, we don't pay attention to gold or silver. The answer was no other than on that 30 minute timeframe out there. But you've got some pretty good parameters, I think, Tom, to help you out for the rest of the day. So thanks much for taking the time to write in. Let's go to our next question out here. This is from Kota inside the Tigers and wanted to take a look at Tesla. Now what Tesla did yesterday was it negated his TD-9 count bottom. It did it immediately, did it in one day's time. So what that tells us, Kota, is we should see Tesla continue to move lower. Now on a daily basis, its next area of support would be at 195.12. That's a TD-9 count breakout level. What Tesla also needs to do to confirm that signal that it's gonna get down there, it has to close below the bottom of its bullish structured weekly profile. 23193 is the number I'd have on my pad of paper there, Kota. If price closes below that, then odd's favorite Tesla continues to head lower out there. That's what I see when I take a look at the daily and the weekly charts for Tesla. We get back to this break, we're gonna take a look at natural gas, ANET, Apple and Microsoft. Steve Rhodes with TFNN, be right back. Old report, as a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs with the London OTC market, the US futures market and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. 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Educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back up for folks. What we're first gonna do is we're gonna go take a look at the GDX. We had a caller Dave in Framingham. Dave, my apology for not picking up on and seeing that you were on hold there. That's my fault, that's on me. But I know that you were calling about the GDX. You're welcome to call back in, but I'll cover this for you. And hopefully I'll review your question. So what took place yesterday in the GDX was price closed below it's TD9 count bottom. That TD9 count bottom formed on August the 8th. The low of that pattern was at 2867. Price closed below that yesterday and it gave the signal. That would have been the reason to have been long the GDX out there. So at this stage here and of any kind of a bottom pattern there's an A to B equals CD that is in place out here. If we generate or it generates a bullish reversal candle that would then confirm a Gartley butterfly pattern because we've extended past the swing point here from June the 29th. So the next pattern, next viable pattern that I see that would be printing inside the GDX would be a bullish reversal candle that would then generate the buy the D point which would in this case here create a Gartley butterfly buy. On a weekly basis price right now is trading below last week's profile below the bottom of its profile. That's at 2912 and a close below that would also suggest lower price. As far as lower price is concerned when we take a look at the monthly timeframe chart it brings into play 2353 to 2554. Very much like Newmont mining though Dave is that if you've got gold and silver that've got those 89 count bottoms if they take hold then we should see the GDX stocks move up. That's not a really a great tool let's say to say go ahead and take a long position inside the GDX. I just need to make you aware of that. And on a 30 minute basis if we take a look at the GDX as an example we've got gold and silver still trading right at or just above their TD 9 count breakout or as you got TD 9 count bottoms on the GDX for its 30 minute timeframe. And if price were to close above 2856 that could be signaling something to us but we'll have to go figure out what that something is by take a look at gold and silver and so forth. So at this stage here if you were long I close it out or at least have a stop some low maybe today's low or what have you but the reasons to be in they failed yesterday Dave. So I hope that helps you out. If not, please call back and we'll make sure that that I get to your call. So hope that that helped you and thanks so much for the call out there. I'm going to do this here. I'm going to take a look at Kota we'll go to natural gas after this. Otherwise I'll kind of screw up my place holder here. So I'm going to take a look at Anet for a 007 inside the Tigers then that's James Bond 777 Jack is the code word that he goes by but I know that's got to be James Bond. It's Jack Bond and we take a look at Anet out here Anet trading at about 181 34 and the question was really just to take a look at it. This is Arista networks and Arista networks is trading with inside its daily profile. I don't see any kind of a bottoming pattern if anything it negated a TD nine count top couple of weeks ago on the trading day of August the first with some big wide price movement and pretty good volume in this position 16 million shares on average does a couple million a day trading with inside the profile no topping signal trading trading above its green oscillator and change line. Jack this suggests the run back for the 186 50 level on a weekly timeframe no topping signal above profile above its oscillator and change line this suggests a further move higher on a monthly basis a close above at the end of the month the close above 178 36 would negate its TD nine count top prices trading above a new profile that formed last night at 178 36 everything on Arista networks looks pretty hunky Dory but you do have some battles that's for sure and that battles up at the 186 50 level. So hope that helps you out with regard to Arista networks and thanks much for writing in Jack. We're gonna go take a look at natural gas right now which is trading back towards its weekly a daily profile support level we should be able to pick that up here on these charts and that daily profile support I'll just simply expand out the chart or delete it. Now that was really smart. Steve all good Lord. Let me just see if I any chance that I didn't delete it looking at another screen another screen maybe right here pick the some what we got. Okay good. All right. So I didn't delete it. I just minimized it. Thank you. Now we're gonna go ahead and expand it out. So here's what we've got going on inside of the inside of natural gas. So you can see the A to B equal CD pattern. Did it actually complete it? Let me see. I don't think it did but let me see. So here's A to B. I'm gonna move this over to the C point out here so we can grab it. That would be right there. And it really didn't make that A to B equal CD. Okay. So I don't know why it topped the where it did. In other words, well, I take that. No, I really don't know why it topped where it did. Doesn't matter. That's not what we're dealing with here right now. Is it? What we're dealing with is what the heck is price doing and Kota, what price is doing is pulling back into its bullish structured profile level. That's between 251 and 256 out there. That's what's going on on the daily timeframe. Now, when you're pulling back into a support structured area, what you like to see if that area is gonna hold is either bottoming signals on the intraday charts. So we've got the 30 minute chart is the smallest timeframe that I've got in this set of patterns out here. Give me a second here. And if we take a look at it, you've got a Roachman-Demindicator bottom pattern that is attempting to form. We've got that's 11.36, so we won't know till 9 a.m. If it does form, then the next area of resistance for natural gas is gonna be 259 and above that 2.609 and above that 2.624. So this is suggesting we should see a little bit of a rally. Maybe it was a bottom on the daily timeframe. Let's continue with these intraday charts. A 16 minute chart is a wave number seven pattern out there. That just needs a higher low. That's not gonna happen until the earliest that that could happen would be by one o'clock. But this also has a Roachman-Demindicator signal. And if at 12 noon we have a bullish reversal candle, at the moment it's a hammer candle. I don't know whether a hammer candle sticks at 12 noon or not. But if it does, that would confirm a bottom. The 120 minute negated a TD9 count, that's not confirming a bottom. You're in bar number eight on a 240. That's gonna take several hours before that could confirm a bottom. No bottom signal on the five hour chart. So natural gas, this is a doozy. This is a struggle out here. You're traded into the support area. So here's how you're traded. If that is a bottom, you'll start to see resistance levels fail out here. And the resistance level that we need to fail on the 30 minute timeframe, but I have to say it'd be $2.64 cents out. I'll call it 265 is where price would have to move through. So hope that helps you out, Kota. And thanks so much for the request. Let's go back to the phone lines. Is it Garro that we have on the line? Or is it Dave? David. David. David, thanks so much for calling back. Thanks for taking my call. Sure, sure. I'll see you real quick. I'm looking at the, on the GDX, there's a gap of 28 back on March 13th there. Is that have to get filled? I mean, it looks like it wants to get filled. So I'm gonna pull up the GDX charts right now. So give me a moment. God, I guess, yeah. Yeah. So does it have to get filled? March 13th area there. Yeah. No, I see what you're looking at. And the price point that he's looking at, would be $27.95. If price got down to $27.95, it would fill. The actual low so far today has been $2,803. Does it have to get filled? Yeah, it doesn't have to get filled. I would say if the following conditions were to form, if we got a bullish reversal candle days then, you could get a small little bullish hammer candle. And as long as gold holds its TD9 count bottom, and as well as a silver, then my answer to that would be no, we don't have to, because you'd have a buy the D point pattern. But it would be nice for it to get filled out there. But doesn't have to, it doesn't only from the standpoint of that directional correlation between gold, silver, and the mining equities. We're going to a hard break here. You're welcome to hang on. We can talk about this further. Okay, this is Steve Rhodes with TFN. You bet. 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 and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade C-H-A-U or C-H-A-D. Directions daily, CSI 300, China A share, bull and bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We're on the line with Dave in Framingham, Massachusetts. We'll take a look at the chart here for the GDX. His question is, does the gap need to be filled? The gap he's looking at is one that formed on March the 13th when price gapped up. And before it went to break, what I said was no. And the reason I said no was because of the correlation that gold has with regard to the GDX silver as well. And Dave, I always like to prove my points with facts. If that gap has to be filled, then we should be asking ourselves, well, how about the gap that formed back here on November the 14th, 2022, gigantic gap, that hasn't been filled. I can go back 2016 and show you gaps that haven't been filled. I can go back even further than that with regard to the GDX. So factually speaking, historically speaking, analyzing the stock charts out there, the answer is no. At least with regard to the GDX. It'll be, in fact, if we go take a look at the correlation here, I'm gonna go ahead and switch screens and you'll just see, now this is a three-day correlation. Out here that we're taking a look at right now. Top portion of the chart is a GDX, center portion is gold. And what this is taking a look at is the correlation between the two, the directional correlation. When bars are above zero, which the majority of these bars are, 90% of these bars are above zero, it tells you about a directional correlation over a three-day period of time. So GDX is gonna be more influenced. Newmont Mine is gonna be more influenced by the direction of gold and silver than it is with regard to where gaps are present. Does that make sense? The other quick question is the UUP, the dollar. Okay, dollar, real quick. Yeah. It topped out at 2872 in June. Now we made a double top at 2875 about three days ago. I believe the dollar is topped out here. So is that gonna help the, if that starts dropping here, the dollar, it's gonna help, correct? It will help. It will help. Does it, at least at this stage here, there's still a pretty good correlation between the U.S. dollar index and the mine, and gold out here. The question is, has it topped out? So on a daily timeframe, before it asked me, do I have a topping pattern, the answer is no. But we take a look at the weekly chart and that's the upper right-hand panel that we're looking at right now. You can see the descending trend line, which price is run into. And you can see that price is trading with inside a bearish structured weekly profile. So in order for the dollar to break out or to not have topped out, you need to see a weekly close above 10349. You really need to see two close, but one would start that chain reaction. Charlie, what I do expect, so I just wanna, I'm gonna just lay this out for you. What I do expect to take place, gold's really gonna move because of issues with regard to lack of confidence in governments. Which it seems like we're really headed down that road here. That's what it will really move out here. And when that happens, you should see what we will see is we will see gold and the US dollar and the mining equities all move north all at the same time. And the proof of that is the dollar bottomed in 2008 and gold's much higher than it was in 2008. So gold in theory has been rallying as has the US dollar index. But right now, to answer your question, yes, it would be better if the US dollar index were pulling lower than it is, that it was headed lower. So that would be helpful. But I think we're getting towards a period of time, let's say over the next 12 months, I don't know when it will kick in, that we'll see all three of those things rise at the same time. Yeah, because I was looking at the UUP here where it topped out at 2875 as a double top. You see the same thing that I'm looking at? Well, I'll go take a look at the UUP charts, but the UUP is getting its calls and its action from its other charts. Really, when we take a look, even when I just go take a US dollar index, I'm being unfair because we really have to see what's going on with the underlying instruments. In order for the, here's what I can say with certainty, in order for the US dollar index to top, we need to see the Euro form a bottom. And that needs a bullish reversal candidate. I don't know that we have that in place just yet, but do I see that double top inside the US dollar index and UUP? I do, but I'll take more of my calls, not from the ETF, but instead what the instruments are doing, what the Euro is doing, which we won't have time to take a look at today, but what the Euro, the end, but I'll definitely do that tomorrow. I did that yesterday, so if you were to go watch yesterday's replay, you will see the evaluation that I do with regard to try and understand what the US dollar index is doing out there. And that's a better, that's a better place for us to spend our time. Okay. Thank you very much, Steve. Oh, my pleasure. Thank you so much for calling back and sorry that I didn't get to your call when you first called. That was Charlie and Framingham. Let's go on to our next request out here, this is for Nancy inside the tiger zone. She wants to take a look at Apple. Now, Apple has a TD9 count bottom pattern. Nancy, that TD9 count bottom formed, well, the low of that bottom is on August 11th. That's your key level to be watching. That's at 176.55. It's trying right now to form a roadsment and indicator bottom. It doesn't really need to. But what you really need to see Apple do is get back inside its profile levels. And right now it's struggling at 178.13. And 178.13 is a real key level of resistance or a key level of support because both the center and the bottom, oh, it's Charlie, not David, I'm sorry. Sorry about making that mistake. In any event out here, if we take a look at, if we take a look, so both the center and bottom are at that 178.13 area. So that should have been strong support. Yesterday it broke through it. Now we're gonna have two days below it. If we have two days below it, even though you'd be more neutral than bullish and a price close below that TD9 count bottom Nancy, you're asking where price is gonna head to 175.31 would be the first stop and 178.172 could be the next stop down. But right now you've got valid bottom patterns out there and that has to get negated in order for price to head lower. Your next request was to take a look at Microsoft. MSFT is a ticker symbol out here. As we take a look at Microsoft, I don't have any kind of a bottom. Yeah, except they couldn't form that today. What would that be? That's the A to B equal CD pattern. So let's take a look at A to B. Let's draw that in there. Let's just simply move that line over to the C point out here. Give me a moment. There's our C point. You can see this is more than a one to one A to B equal CD. So that's probably one to 1.272. If you get a bullish reversal candle today and right now it's a bullish engulfing. That's at 1148. What's it at 4 p.m.? I don't know. But if you did get that, we should see a move up into the oscillator and change line around the 327-ish range and above that 330, 36. And if price can clear that's the top of its bearish structure daily profile. Price can clear that. Nancy, you're off to 335.71. So watch the day's action on Microsoft. If you get that bullish reversal candle, then this is likely gonna at least bounce up to that oscillator and change line. The next request came in from Phil inside the Tigers then I believe it was. He wanted to take a target out here. So what do we have for target? Target negated a TD9 count bottom yesterday. But what still has held, it was testing the lows here from June 12th. That was a rogment to indicator bottom and only a close below that low. That would be 125.08, which suggests that we're headed lower. Now volume back then was about 8.2 million shares. Yesterday this did volume as it was moving now at 9.4 million shares. So likely that candle is going to get tested again. And if price closes below this red oscillator and change line, that's at 129.19, then odds would favor a retest of that area. As far as where resistance is at, the key level of resistance inside of Targe is 136.54. Price can close above that, you're headed higher. Price was also testing the weekly TD9 count and rogment to indicator bottom. Now on a weekly basis, the volume was 50 million shares. So far this week in Target, we are done with 27 million shares. So this could be testing that swing point on lighter volume out there. But if that fails, if all that fails to hold, then we'll be looking at out here Phil as a move back to 106.10. Steve Rhodes with TFNN, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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 and your inbox every day. First-time subscribers also get a 30-day moneyback 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. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day moneyback guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Sorry, folks, a quick run through. I was on the wrong set of charts out there. Let's take a look at the target out here. You can see price right now, a train below that red oscillator and change on in the daily timeframe. It was testing that swing low from back here on June the 12th, so likely that's going to be retargeted. It may only be the high that gets targeted at 127.39, but that's the target. You can see the weekly rogment of indicator, TD9 count bottom again. Do you get closer below those levels, those levels out there? Again, price point is at 120.08. That would suggest we head to the 106.10 area. For Nancy, it was with regard to Microsoft. If we take a look at Microsoft out there, this is a bullish engulfing candle as we speak. There's your C, there's your B to D. A leg out here that I've got drawn in there that would create a buy the D point pattern with one of the 327 area being a price target. And back to Apple out here. Apple has a TD9 count bottom that formed a few days ago. This should take price up to the its oscillator and change line to 182 level, but right now price is struggling with that bottom of that Profile 178.13 out there. So sorry that I didn't have the chart showing, but we got that solved out here. Last request coming in from the Tigers, Den McGuppy wants to take a look at IONQ out here. I thought I had that. I think it's in position one. Here we go. So IONQ, IONQ could be forming an A to B equal CD to the downside today. All it needs to do is close below this low. This low is the August 9th low of 1410. If it can do with more than 12 million shares right now, we've got 9.2. It's gonna have more than, it's gonna have more than the shares. So if it closes below that low, and again that low out here for IONQ is 1410, you'll have a confirmed A to B equal CD to the downside. Where I give you the estimated price projection on that because I'm just using my Align tool out here, but it would be somewhere in the 1166 area. It turns out at 1222, you've got the bottom of its weekly profile support. So you close below that low. I believe the McGuppy, this is headed to the 1222 or lower level. And that's in ticker symbol IONQ. So folks, stay tuned for all the great programming we have lined up. Please have a wonderful Wednesday and I'll look forward to seeing you on terrific Tuesday. Thanks for the call, Dave. Thanks for the call, Garo. And thanks for all the requests inside the tiger stand and by email. There may even be a few more by email that I didn't get to. I hope not. Looks like we're pretty good. So folks, have a great day and I'll see you on terrific Thursday. Take care.