 The following is a presentation of TFNN The Traders Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good morning folks. Welcome to the August 3rd the terrific Thursday edition of today's Traders Edge show. I'm your Steve Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope enough 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 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 a gift in every set of circumstance that life is gonna toss at us Now today you and I we can check out that we're gonna go check out 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 do 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 always send me an email Please send that early and send that off to Steve at TFNN.com and inside the subjectating Please put radio show question. Of course if you're inside our Tiger's Den We're then any in every ping will do so let's go ahead and get this show started on terrific Thursday Of course, this is Tiger financial news network. I'm Steve Rhodes. Welcome to the show right now We got nearly all the U.S. indices trading to the downside the one that is not as a trannies They're up by about two tenths were sent or 28 points. That was off 95 S&P 14 NAS X down 24 Russell's down 9 semis off 33 Gold's off to Silver's off 13 cents to the upside You've got lights recruit up a buck 35 natural gas up 8 cents the 30 your Treasury down nearly two points trading out at 1 2015 now leading the charge dollar wise the upside. We've got Mercado Libre up $121 that's a 10% move Regenerate pharmaceuticals $45 move to the upside or 6% fair Isaac Corp Three and a half percent or 28 bucks Clorox up 15 bucks and Wayfair up 14 and change as well to the downside Leading the charge is booking holdings off 79 bucks nearly 3% Hubspot 48 bucks 9% Equinix 43 bucks 5% plus West Co international 19% or 33 buck runes and coming sink down 24 bucks. That is a 9% move to the downside Of course, I want to look at what you want to look at. What do you want to look at? Well, I'm going to provide to you what I believe is the barrier for the market in moving higher that if crossed We should then get a rally today. So let's get right to it Stevie Let's go ahead and move our charts over to the other panel and we're going to take a look at those 120-minute time frame charts for each of the equity future contracts It's a beautiful thing so to speak and the beautiful thing is look at that oscillator and change line every rally Has run into resistance if price has been able to get up to those levels Those oscillator and change lines are the key areas that the market must overcome in order to Suggest that there will be any kind of sustained rally. So let's take a look at the ESMini upper left-hand side What do we know about it? We know that at 45 25 right now that number is going to move up and down as price moves up and down But it is that oscillator and change which I teach people how to a developer use You should want to learn that just subscribe to mastery and probability if you do it for 30 days It doesn't cost you anything and you're gonna get that Understand that tool really key tool out here So Dan was talking about thinks that the ESMini is going to get green But if it does Dan what price needs to do it needs to close above that and sustain itself above that red Osset and change line now if in fact the ESMini is able to do that It will then have other battles ahead and those other battles are up at 45 32 And 45 43. Is there a bottom pattern inside the 120 minute and Q out here? Not that I have I know that we can do the wave counts. I guess it's at the letter G out here So we'll go with that at this stage of the game if we take a look at the end Q the end Q right now and trading sideways over the last 12 hours plus 14 16 hours 20 hours really the price is right now Starting to trade above that level now this bar it's a two-hour bar And that's kind of the bummer here because you really don't know until the bar comes to close This bar doesn't close until 12 noon Then you'd have 2 p.m. And I will say that all four of these equity future contracts must trade above that line close Above that line in order for there to be any kind of sustained rally At least as I've gone through the charts one of my objectives when I do this show with you is to show you the most pertinent Formation as I scan through my charts and identify where are the real key levels of support or resistance because that's really what is so Important about this game short of is the is the instrument We're looking at making a top or a bottom those really the the four things that I provide for you So watch those also turn change line the end or the end Q is giving us a hint of a suggestion That it wants to do that but these are the key levels by the way inside the ym right now that's printed at 35 361 inside the Russell's at 1971 again those numbers are subject to change now Let's go from here and do a little bit deeper dive and to do that deeper dive Let's go take a look at more of those intraday charts out here see what kind of pattern signals We have now the reason that we want to do that specifically is because the ES mini as we saw Was trading at support now support is the bottom of its daily profile that daily profile is calculated Right now two different ways even though it's using the same data for example on the black background charts We'll shoot I'll just switch over there. We'll just do the old switch Aruni out here I think I showed this to you but if I didn't I most certainly want to and here if we take a look at the ES mini upper panel upper left-hand panel you Will see that prices back at a support level here These are the profile levels calculated by the e-signal TAS system It shows a support zone between 4507 and 45 24 Wait Stevo. You just showed me a different profile on that white background chart I did doesn't that just confuse the all the heck out of you? No, it doesn't it's an additional piece of information That you and I will be able to use so don't think of it as confusing think of it as thank you You just gave us additional piece of information. What do you mean Stevie? I mean if price closed below 45 07 certainly does that for two consecutive sessions Well, then we know what the next price target to the downside would be Now for that we're going to switch back to the white background charts here We'll see that the digit trader system again using the same data is calculated different profile that different profile on a daily basis Comes down at the 44 56 level. So here's the deal the deal is on the ES mini Price has got a close above that 120 minute red oscillator and change line currently printed at 45 25 We know that number is going to change slightly. We also know that the ES mini on the black background charts is sitting at support And so we're taking a look at these white background charts around the intraday time periods looking for bottoming patterns If there's going to be a turn in a market It's going to first take place in those intraday charts For example, we've got a 10 minute 15 30 and 60 as we take a look at the entire bottom row out here And this is one of the things that has the hair on dance next ended up why he believes that the ES mini Will turn green is each of those have bottoming patterns now what they need to do is they must take out resistance levels Where are those resistance levels? Well, let's go with the hardest one to take out and that's going to be at 45 31 And 45 31 is the top of the slightly barest structured 60 minute profile. So we've got 45 31 there and we've got 45 25 right now as the red oscillator and change on the Two-hour timeframe chart. Let's just make it easy. You get a close above 45 31 the market will continue It's rally at least the ES mini see roads with TFN. 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 keg stats tiger forex report Teddy keg stat 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 toll-free at 1-877-927-6648 Internationally at 727-873-7618 Good back folks. So you know, I put those black background charts up on my screen Daily time frames. We know that the ESMini right now is just consolidating with inside profile as is the Russell 2000 as is the Dow equity future contract The only one that is not is the NQ and so that's where we're gonna take and so the NQ is basically the weak link out here And so now we're taking a look at the NQ now what I put up here is an altered short-term time frame If you will and that's the 15 minute time frame and what I asked people inside the den So I posted this so if you were on Tiger TV where you could see this chart At least during the last minute or so of that break out there. My question was What's the 15 minute NQ chart telling us now what I have on this chart? I don't show this chart that often I show it when it's pertinent and what this chart is showing us the green and red Horizontal lines are TD9 count breakdown the breakdown levels would be the green lines The breakout levels would be the red lines out there red line being support green line being resistance here Now why is this important? Well, if you take a look is from the top that was formed out here when I say a top So this is showing us again the TD9 counts So if we take a look at a TD9 count breakdown resistance level, we've got one at 15904 That took place right back here at about 7 30 in the 12 7 30 in the evening back on July the 30th The interesting thing here is take a look at this rally that unfolded at 10 o'clock in the morning on July 31st Where to price run into resistance that TD9 count breakdown level was not able to take it out The next team now can't break out level. You can see here Each of them are tested and rejected with one exception and the one exception lasted for about An hour and that was right here at 15 700. We had a close above it That was at 7 15 in the morning that lasted until about 8 30 so about an hour and 15 minutes What the ES mini did this morning if we take a look at a 15 minute basis this formed a TD9 count bottom It's a jet or a TD9 and it generated a TD9 count breakout level and that was at 15 358 75 price pulled back this morning wasn't able to bust that out You know the expression Tom is shared with us. He's taught to us if you can't bust them down You try to bust them up. Well, that's exactly what has taken place or what did take place here on the 15-minute chart for the NQ Well, the bust them up out here was getting to the TD9 count breakdown resistance level remember ever since July 30th We've only seen a close above a TD9 count breakdown level for an hour and 15 minutes We are clearly above that level right now. This is giving us a hint that at least on this time frame We are seeing a change in trend. So now let's go take a look at the other NQ charts out here And again, this is all taken a look at the intraday time periods So we've covered that basically we've covered the 10 minutes doing the same thing at the 15 minute is so where's the next Resistance area pretty clear. It's a 30-minute level 1507 50 again a TD9 count breakdown area For the NQ if price can overcome that that's at 15507 We may see a close above the top of that NQ profile for its 120-minute time frame chart And that's up at the 15491 level. So 15491 is a real key area in 1507 will make that the more important level 15507 Inside the NQ out here. So that's what we have going on there. Let's not stop here Let's just do one more. Let's take a look at the Dow because that was also testing Profile support this morning and if a bottom is going to form at least a let's call it at least a two-day rally type bottom out there We should see signals on the intraday time periods here. So here again, we're just waiting for these charts to populate I've got a few things running in the background As you could imagine and so we're getting this charts here to populate so we can see right now or I can see visually I can see roads meant to mitigate her signals on the 10 15 30 minute time frame charts here for the Dow equity future contract And so now and also on the 60 minute with the 60 minute is underway right now But assuming that at 12 noon, we still have a bullish reversal candle it too would confirm that type of a bottom So where's the key resistance area? Excellent question. It's still going to be the Red Osset or and change on that 120-minute chart. I don't care how you slice it and dice it. That's really the most important number I could first tell you it would be 35 357 and I just told you that and that's the top of the 60-minute profile, but that's really not the area. That's going to be important It's going to be 35 370 or thereabouts that number is going to go higher as price moves higher. So what do we want to call it? Great question. I for for our purposes right now I'd have to call it 35 403, which is the bottom of that 120 minute depth profile So right now inside the Dow equity future contract, we just have a counter trend move that's going on I believe that the counter trend moves Turning us up in more than a counter trend or a counter trend that lasts for a while again Perhaps two days out there if we get all four equity future contracts to close above the 120-minute charts Oscillator unchanged line levels out there. So that's a brief maybe more than a brief review of where we're at inside The equity markets out there. Let's get to the only question that has come in so far Of course, I would love more 877-927-6648 any kind of private message or regular public message inside the den Would work and by email at steve at tfn.com. Okay Hector I see that you have sent in a request as well So let's get to the first request coming from peak G inside the tiger stand and peaks question was and is I'm gonna change charge for this Where are the where's the 30-year Treasury and a 10-year note headed to so here? Whoops This we're gonna change those black background charts here momentarily it just shows the a to b equal CD pattern That's in place for the 30-year. So let's move over to that. I'll just switch to We'll just switch right here. I'll just simply expand this chart. So here's the September contract That's not even September contract. I've got that Let me do this here. They come up here. I want us to put in the September contract You 23 Just make sure there's no funny shenanigans because what I was using was my synthetic Symbol out there which stitches together the futures contract. Just want to make sure no no funny games out here So we got our a point the high from April the 6 are b points gonna be the low from May 26 And it makes a rally into June 1st. It was about a 46 percent rally So you can see the one-to-one a to b equal CD pattern inside a 30-year Treasury peak if this level now What's required here in order for this to bottom in order for rates to top would be for a bullish reversal candle to form? So that's the first thing that we'd be looking for short of that price may do more than a one-to-one a to b equal CD That next price projection level you're asking where my price head to that would turn out to be 1793 now, let's put up the note out here the 10-year note Let's do kind of a similar thing although it doesn't till my recollection does not have any to be equal So what does I take that back? It has an a to b equal CD down pattern that was formed and tested back here on July 6 That swing point is also being tested now. What happens if price closes below this level? Well, there's a couple different things one that the larger a to b equal CD would give you a price projection of 10880 the smaller a to b equal CD Let's go draw that in in essence here the smaller one you would start with your a point Being or you could start with your a point being the high from June 1st What we used for the c-point and the low is going to be that low from July 6 and the high looks like it's the High that came in on July 18 that would give us a one-to-one down at about 108 41 So this one 1013 level is a real key area to be watching observing peak G in the a 10-year note When we get back to this break, we'll switch over to those white background charts I'll show you what's going on there with regard to the 30-year bond at a 10-year note Steve Rhodes with TFNM Hope you're right back 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 of the London OTC market the u.s. 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 TFNM.com TFNM has just launched their new trading room the Tigers in hosted at discord TFNM has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tigers den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers den You can look over the shoulders of Tom O'Brien and the other TFNM hosts while they analyze charts during their live Tiger tv programs and join an interactive trading community with hundreds of members Exchanging ideas interact with other tigers and Tigris's as they share trading ideas news analysis and discuss the market action All trading day even at night and on the weekends the Tigers den at discord is accessible on mobile or tablet as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNM.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNM You'll get advice and guidance from the authority in technical market analysis And it's not just dry tedious text either TFNM airs live financial content streamed live on TFNM.com and TFNM's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help You make the right moves with your money watch online at TFNM.com or on TFNM's youtube channel And become the investor you were born to be TFNM educating investors Don't forget you can listen to TFNM live on your mobile device 24 hours per day Go to TFNM.com and hit watch tiger tv. That's TFNM.com and hit watch tiger tv Welcome back folks. You got the dow down 41 recipes off seven nasdaq wanted up eight the trainees are up 81 Russell's off six semis are down 16 Let's go take a look at those 30-year treasury charts out there. My apologies. I'm in the wrong spot We'll pull those up here. You know what we're going to do for that We're going to look at the multi time frame set of charts out here So we know that price has made a one to one a to b equal cd And so when you get to an area where you could see a bottom What you do is you look to those intraday charts, right? They look at the intraday charts see what kind of signals they're providing So along the bottom panel here. We've got 10 15 30 and 60 You can see that each of those have or are generating Rogement and indicator bottom patterns out here So the first step is taking place on a two-hour time frame at a four-hour time frame We have bar number eight. That is in the process of completing So there could be a td nine count bottom on the 240 minute chart that wouldn't take place until 4 p.m This afternoon so that's a possibility and on the two hour time frame chart That could take place by ball by four. You could have the pattern complete by four but by two you would know out here so The five-hour chart it shows that we have a wave number seven That's going to extend itself. So with the 30 or treasury making the one-to-one move out here peak um What we are taking a look at is it's attempt it is attempting To form a bottom. Well steve can you do that 15 minute magic you did for us on the nq out there? Well, if we did that we'd be taking a look at this chart out here And on this chart with this shows that the 30 year treasury needs to close above to suggest even for a 15 minute time frame That there's some type of change in trend would be a close above 121 at 10 if it did that 121 23 would be the number. So there's a possibility Of a of a bottom that is well, we know that the bottom is attempting to form the daily still needs that Bullets reversal candle, but I would watch those intraday charts out there now That's what's going on on the 30 year if we take a look at the 10-year note That's going to take a few moments here to populate But that's okay We know that the 10-year note was testing a prior swing low that had generated a by the d-point pattern We know that it's generated by the d-point pattern because it formed a three Because it formed a bullish engulfing candle at that one-to-one a to b equal cd Now what's really key here is can price hold support turns out that support On the 10-year note for the september contract is really going to be down at 1109 We're at 11012 as we speak right now So you really want to see price hold that level but as prices come back to a prior swing point area We can see some bottoming signals on the intraday charts For example the 15 minute the 30 minute the 60 minute those already have confirmed roads went to indicator bottom patterns At 12 noon you might get the same on the two hour time frame chart and at 2 p.m You could get the same on the four hour time frame chart out there Wave seven on the five hour charts going to extend itself So just like the 30 year the 10 year does have bottoming signals But price is going to need to overcome resistance levels on the z n I would say for the september contract that number because it's already been tested and rejected once on a counter trend move And you can see that out there and that's at the 11020 level So I'd say peak if price can close over 11020 We may in fact indeed have a bottom or bottom that lasts for at least a couple of sessions out here In the 10-year note as well as the 30-year treasury So I hope that helps you out with regard to all of that information if not right back And I'll be happy to try to provide whatever I wasn't able to this time around So again, thanks for that. Let's go to our next question that has come in this is from hector And uh, let's get over to that set of charts out here That set of charts going to start us with conical. Well, that's the wrong set of charts Let's try this one more time Uh, and the question let's read the questions from hector. He says happy thirsty thursday same to you Conical Phillips on a daily, please. What are your thoughts and silver on a daily if you have time? Thanks, never great day. You do as well. Well on conical Phillips is pretty simple. Uh, hector You've got a confirmed td9 count top What price consolidating with inside its daily profile that consolidation range is between 1242 and 1569 All right one 1698 boom Now in order for on a daily basis conical Phillips be on its merry way to the upside price must negate his td9 count top That would require a close above 118 25 If price were to close below 1242 at the bottom of that daily profile hector You'd be looking and move to 110 20. That's its breakout level of support The weekly time frame chart for conical Phillips has an a to b equal cd pattern It needs a bearish reversal candidate to confirm atop short of that price is Trading in or attempting to trade into its swing point from january 27 in any close on a weekly basis Above 118 64 which suggests to run all the way up to that high on the monthly time frame conical Phillips is Bullish we'll call it bullish to neutral. It has a roadsman to mitigate her top, but it's more neutral um It's more I said both bearish to neutral, but it's more neutral than it is bearish Why because the roadsman to mitigate her top took price back to support the support zone It's a bullish structured profile and on a monthly base for conical Phillips that's between 83 47 and 9507 So that moved to the downside has ended Now what price needs to do and it did it last month that closed above the top of that profile That's a bullish outcome And if it can hold that green oscillator and change line this month as well Odds favor a run back up to the high but that will not occur until we see the td9 count of the daily time frame negated Which right now is just trading in a consolidation between 112 42 and 115 15 So hector, I hope that that helps you out with regard to conical Phillips You also want to take a look at slv and we will do that I will go to the slv charts, but I would prefer to go to the silver charts So first we'll go take a look at silver. We'll pull those up here We'll see our eight panel set of charts. We've got monthly weekly daily An intraday time periods on a monthly chart for silver. You can see that price is sitting at sport I'm going to try this. Let me see if I can get enough data here because it should show us a different result Let me see what kind of data I can pull up on the september contract for the monthly time frame really not much But on the monthly time. Yeah, so let's just let's we'll pass that on a weekly time frame The weekly time frame shows that price is trading below its bullish structured profile out there So that would be signaling to you and I that it wants lower price silver that is In the case of the silver the silver contract What I don't have is any kind of a to b equal cd pattern You might see one or what looks like one But the problem is the retracement here This would have to be and really quite frankly You'd almost have to use the same b point and c point the same candle for that That's theoretically you could use this is your b point the july 24th low But see this this retracement up here in silver That was like an 85 percent retracement once you get past point seven eight six It really is not an a to b equal cd pattern out there So we don't have any kind of a pattern inside the daily silver contract when we go to slv Because that only trades for six and a half hours there We can find an a to b equal cd pattern, but on the actual silver contract We cannot does that mean anything yet? Well right now we're trading below profile and that suggests that we could see a further move lower With regard to the intraday charts out here the 30 minutes got a rogment to indicator bottom And a price can close above 23 76 We should get a further rally that rally would take us to 23 88 That price can close above 23 88 We're likely looking at the move for 24 22 Steve roge with tf and we'll be right back really take a look at the slv per hectare And then apple is what we're going to go visit for an answer inside the time You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman 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 pesavento on stocks You need to pay attention to and you can trust larry's analysis after all He's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. You need to act on at any time First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look Trade chau or chad Directions daily csi 300 china a share bull and bear etfs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Back folks, let's get to those slv charts for hector. So here we pull up the charts for the slv We're going to see a clearly defined a to b equal cd pattern again It trades definitely the silver contract silver contracts the underlying instrument the slv takes its orders from the silver contract So it might trade gld. It might trade slv if you do Please get access to the gold contract go to trade the contract We get access to it so that at least the patterns that you're identifying really replicate What is going on inside the market? But to the slv you do have an a to b equal cd prices attain the one to one level This would tell you that you need a bullish reversal candle to confirm a bottom a gartly buy pattern Short of that the next level of support Well price is sitting at support on a monthly time frame. It's that green oscillator and change lines So what price needed price is going to head lower. We need to see a close below 21 63 That's going to change by a few pennies If price and really what we really need to see is a close below 21 42 That's the top of that monthly profile if we do see that that is a close below 21 42 Then 21 14 will be next up and that 21 14 is the bottom of that weekly profile So hector and patty, I hope that helped you out with regard to the slv Thanks so much for taking the time to write in and I will look forward to fielding your next question Speaking of next questions this next one comes in from nancy inside the tigers and a nancy writes and says steve Apple if you have time, we're going to make the time It seems to have almost completed a one-to-one down on your 30 minute charts You had projected 198 Appears to be trying to do a weak rally interday. Could you see what it might do over the next few days? Whoa, that's a challenge earnings are after the belt tonight all right, so Sorry to chew ice I took the swig of water and the ice slipped through And I don't like swallowing ice I don't dare to chew it that much but when it gets in there and you're doing a show Not too much else to do All right, so with regard to apple first Let's take look what's going on in a daily weekly because they're coming out with numbers And that's going to be perhaps more important than the 30, but I'm going to answer your 30 minute question as well On a daily time frame what we know about apple is this has a confirmed rogment to indicator top It triggered that signal back on july 19th And it took all the way until this trading day of july 27th to generate that topping pattern to confirm that topping pattern Why because it was a bearish reversal candle What price is doing right now? Nancy is consolidating with inside its daily profile What I can share with you is apple has very strong support between 189 45 and 191 40 If that level of support fails after the bell or at 430 Then price will target its breakout level and that's at 180 501 It would only be a close below its breakout level Nancy at 180 501 That would trigger or signal to you and I that there is problems in paradise paradise being apple On a weekly time frame chart thus far We have a TD9 count top with price pulling back and testing support and support is both the top of its profile And its green oscillator and change line that's currently printed at 190 and change 190 89 is what's printed on my screen at the moment on a monthly time frame. There is no top A bearish reversal candle at months in and hits only the 3rd of august So we got a long time to go that would then trigger a rogment to indicator top with support being 184 So we've got 180 501 as a breakout level of support and 184 as a monthly oscillator and change line Those are the really important levels out there to watch how apple responds after the bell If it responds poorly does price break through those levels out there now Maybe it doesn't after the bell tomorrow morning can be a whole different thing when the cash market opens So always be careful if however, apple decides to trade higher And trades above and close well It won't close above today, but it starts trading above 1 97 20 the road not to get not the high out here that formed The high of the bearish engulfing candle what it engulfed it did not engulf that candle from july 19th So the resistance level is really the high of that candle july 27th 197 20 If price closes above that that'll suggest a further rally However, we have to go back now to the weekly time frame chart And here we see that td9 count top and that's where it gets us to that all-time high at 198 23 So in order for apple to truly be on its merry way if price closes is trading above 198 23 That would be a very bullish outcome Now your specific question was about the 30 minute chart as well You're asking me where's apple going to go for the next couple days Right now with the information that we have at hand It's going to consolidate with inside its daily profile I don't have any other reason to tell you something otherwise After assessing what's going on the weekly and the monthly time frame chart That doesn't mean that's what it's going to do after earnings are reported But that's the only thing that I can share with you is that we've got to consolidate with inside that profile level now To your 30 minute time frame chart The 30 minute time frame chart if I were going to draw on an a to b equal cd And I'm going to explain this to you as we go to the black background charts because there I can use my tool I do not have the same a to b equal cd pad that you do for the 30 minute time frame The only one that I can see at this stage of the game is the one that I've drawn in here And that would take us down into about the 188 level now You may ask the question why or why is that a possible a to b equal cd? So for that what I'm going to do is we're going to switch over to the black background charts So if you give me just a moment Nancy will do that And then you'll be able to see and perhaps I'll be able to share with you Something that you hadn't considered in drawing your a to b equal cd patterns Now a to b equal cd patterns are completely subjective But there are sets of rules and some of those rules are one of those rules And we referred to that earlier is on that retracement that retracement of b to c It's got to be less than a 0.786 retracement once it gets above that It's like it's making a hundred percent move of a move in other words more of a consolidation So As an example right now if you were to have chosen And I don't know if this is what you chose or not We'll we may find out when we see the price come up if you would have chosen the high from 9 30 to morning on july 27th is your a point in your b point being this low out here at 15 30 In the afternoon on july 27 And then we got to find the next highest high that forms after that it looks to me like it's this high right here Which is on august the first that's going to be the c point and that is a 90 percent retracement That would have given you 192 and change out there, but that's not really an a to b equal c I don't want you to do to use that I'd rather use the true a to b equal cd patterns that are out there For the for whatever time frame The real a to b equal cd patterns because we know we need to at least have less than a 0.786 retracement Let me actually get rid of this one. Let's put in the one that I had drawn in there So again, I'm going to use that same high Uh, am I going to use that same high? Yeah, I'm going to use that same high Out here, which was from uh, September 20 july 27 at 9 30 in the morning and now for the b point It's going to be either the low at the 12 noon session that low was 191 85 196 so 191 85 that would be the b point. Let's see what kind of retracement we have out here This might not be a valid one either 26 percent no, you've got to at least have a 0.382 Retracement in order for this to truly be an a to b equal cd pattern So what I would propose is that the 30 minute time frame chart does not have an a to b equal cd pattern That is in play out here. Well, what is in play stevo? Excellent question Let's go back and look at that 30 minute time frame chart because what did form at the bottom out here Is a rose momentum indicator pattern and that was confirmed as we came into the 11 30s session So Nancy if your question was did apple on a 30 minute basis form a bottom it did It was not the buy the d point pattern It was a rose momentum indicator pattern and the key level of resistance for you right now That's going to be the top of that 30 minute profile. That's at 193 26 So hope that helps you out with regard to a to b equal cds as well as what apple's doing on a 30 minute basis And then the time frames to watch for earnings after the bell tonight and tomorrow See roads with tf&n be right If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. 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Well as of 11 55 It has not it's trading with inside his bullish structure daily profile on a weekly basis though You've got a td9 count top like many of the stocks inside the nasdaq 100 But price is not broken through any level of support. You've got a consolidation between 122 23 and 133 45 I'd watch the 122 23 levels to the downside if amazon disappoints it could target 109 25 That's its breakout level and on a monthly basis You've got a good old fashion consolidation with inside of profiles a couple questions came in very late here I won't be able to get to all of them one was about disney. Where's an entry point out here Top let's see you've got a swing point that price is trading into from a july 25th volume or 15 million shares So far you're pulling back with five million shares. That's too much volume That's about similar volume out there. You'd love to see a test and rejection of that swing point from july 25th That means pokes below 85 16 close the back above it with less than 15 million shares out there And then the next one if I can fit this in real quickly here was a take look at billy bi li Where's a buy point? You know what? There's not enough time. We'll try to get to those We will get to those tomorrow as well as roku for lee and just so you guys know those emails came in relatively late mostly because of our highest pi we guess folks have a terrific thursday I'll see you on fantastic writing. Take care. Be safe out