 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good day folks welcome to the October 8th the fantastic Friday edition of today's Traders Zed Show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day Hey, let's make sure we have an extraordinary day an extraordinary week and an extraordinary life in the easiest way to do that It's always remember that life is happening for us not to us That's right. We knew I can make that one little two by four shift Well means we can find the gift in 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 with those bowls and bears what those buyers and sellers are communicating to you and I just past Eight o'clock in the morning. That's right. If you're listening at the normal time frame We're recording this show earlier today. So if you're listening live, we would love to hear from you He gives call it eight seven seven nine two seven six six four eight Again, if you're listening in between eight and nine, you can always send me an email to steve at tf9.com Inside the subject heading, please put radio show question in our tigers den. Well any ping will do So let's go ahead and get this show started on fantastic friday. Of course, this is tiger financial news network Again, i'm steve rhodes. Welcome to the show. So we begin the day 807 We'll take a look at what the uh Futures markets are doing what happened overseas last night So right now you can see futures are up just slightly each of the u.s futures the dow is up 24 points nasdaq 20 uh es mini's up four and the russles up by six points, uh Russell's up the most about three tenths of a percent to the upside over in asia and australia last night Each of their markets closed higher The biggest move higher was the niké The niké actually gapped up last night and it confirmed a by the d-point pattern. So that should continue to head higher If we take a look at gold she's up four bucks right now silver's back a nickel Light's recruited up 47 cents natural gas is up 10 pennies trade out of 577 copper's back just lightly t bonds basically unchanged trading out 15809 us dollar index now there's a 10 minute delay on my us dollar index But i've got it down about a nickel trade out at 94 17 still in a very bullish mode out here So it is jobs friday and that says that if there are going to be any fireworks, they should begin in about 22 minutes at 8 30 So the good news is we'll be able to see at least what that first reaction is There may be a second reactionary wave come on 9 30 when the cash market opens And so the question let's go take a look around and we're kind of looking for tells out here. Are there any signals? Right now to help us identify what the markets are doing So first let's take a look at what the big picture the big picture is really important And so when I say the big picture i'm going to take a look at our four equity future contracts So those of you that listen to the show regularly you've seen this chart out here It's really important to understand the market conditions that we're in are we in a bullish market Directly speaking a bearish market directionally speaking or are we in a consolidation market? And clearly we are in a consolidation market for each of the four equity future contracts So in consolidation markets, they are very very tricky The cool thing about a consolidation pattern is that once price breaks to the upside to the downside You have a measured move equal to or greater than the consolidation. So What we know right now is that we're in a consolidation market And that really sets up a ceiling to the top on any kind of move in a ceiling to the bottom And a ceiling to the bottom floor on the bottom out there and of course price can break through either of those But really important to understand we're just simply in a consolidating market We take a look at our nine panel market update chart just to get a feel for what that What does some of these markets are telling us are signaling to us? You've got the es mini in the upper left hand corner. It is right now trading above the top of its daily profile It's at 43 87 now the es mini formed a gartly buy pattern I did it several weeks ago and that key support level which was been tested and held is the 42 93 75 so The es mini what it needs to continue to move higher Is it needs that next chart to the right of it the spot ballotinics to close below its 50 day exponential moving average That's currently printing at 1946 prices trade at 1929. It's below it But it's really going to be about the close yesterday We saw the spot vix trade below the 50 day expansion moving average But by day's end it closed back above it when the spot ballotinics is above the 50 day expansion moving average Any surprises to the downside can see some very swift moves out here So watch the end of the day Level again, or maybe this is going to be important to you at the 111 in the afternoon Where's the spot ballotinics trading if it is above 1946? Well, then that tells me that the markets of the s and p have traded lower It might be sideways to lower but certainly typically not higher and if the spot ballotinics is below 1946 And price and es mini is above that 43 87 the first target is going to be the prior swing point That's out here from the trading day of september 27th and that could easily take us to 44 72 boy You get above that you're back to the highs not necessarily today But could be today, but you'd be back to the highs. I'm not calling that by the way We have to wait to see what the market communicates to us And it's really all going to be about well really two things out here. You've got the spot ballotinics inside the That to watch and this 50 day expansion moving average and the nq Which is traded into a bullish structured profile. So yesterday got right up to resistance If this is just a counter trend rally, that's where you would expect price to find resistance 14 986 now it is a bear structured profile price gets below 14 780 today It should make a move back to the bottom of that profile 14 470 if price can close above the top of that profile It's at 14 986. Well, the uh, nq formed a gartley buy pattern two days ago When it generated this nice bullish hammer candle right at the bottom of that daily profile support area So We took a look at by the way, we took a look at the four equity future contracts Each of them have gartley buy patterns that are in place each of those taking place during the what we've now entered The favorable seasonal cycle area. So the cool thing is from an informational standpoint if those lows get taken out Well, what it tells us that certainly the seasonal low is not in but it may be telling us something more than that But right now we go with the information that we have the seasonal low is in because we have all four equity future contracts With buy signals and buy patterns these confirmations of this will come with that spot ballotinics below the 50 day And the nq being able to close above that 14 what I say 14 986 14 986 65 to be exact the us dollar index Nothing wrong with it. It's bullish prices above the top of its daily profile out here Gold moving just a tad higher It has resistance. It has not been able to close above the top of its daily profile That's at 17 68 and even if it could do that it's got resistance at 17 74 and 17 90 Those are the bottoms. That's the bottom in the center of the weekly profiles out there Speaking of weekly profiles the silver contract has generated a new bullish structured weekly profile The key level that it needs to close above to suggest higher price and by higher price I'm talking about 24 23 it needs to close above 22 82 2282 is the center of that bullish structured weekly profile Granted, there's some other skirmishes that should or will take place at the 23 18 23 64 and 24 11 Area but closing above the center of a bullish structured weekly profile would be a positive outcome today To the downside silver has support at 21 76 to the downside in gold the support level is 17 34 If we take a look at lights we crude you've got an a to b equal cd to the upside its price projection is 80 76 this did generate a There's a smaller a to b equal cd that I used to show out here and that generated a cell the d-point That was the bearish reversal candle on october the sixth out here just a few days ago But all price was able to do is push back test the center of that profile It's above the top of the profiles in order to get truly bullish out here. You need to see lights we crude close above 79 78 Steve roge with tf&n will be back in just a few We've got a couple of questions that have come in would love to hear from you as well 877 927 6 648 or send me an email steve at tf&n dot com. Hope you're ready What's separating you from the most successful men and women on wall street? 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Petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers And sellers make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the Biggest decisions of your financial future call tiger real estate LLC today at seven two seven three two nine eighty three twenty two or email us at tiger at tf&n dot com that seven two seven three two nine eighty three twenty two call us today 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 tf&n You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tf&n airs live financial content streamed live on tf&n dot com and tf&n'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 tf&n dot com or on tf&n's youtube channel and become the investor you were born to be Educating investors Call now toll free at one eight seven seven nine two seven six six four eight internationally at seven two seven eight seven three seven six one eight Welcome back folks the first stock request coming in from hector and the fuel injector sector writes in a stevo Good morning early worm happy frost frosty fosters friday nothing nothing bad about a fosters beer That's for sure, but then it's just a tad too early at 8 18 in the morning I goes on to say de that is uh john Has been in the consolidations in february However, is it looking like it's getting ready to go south or building cause to go north and the answer there is It's uh trying to go north that generated a uh bottom signal yesterday I'll put up the white background charts. It was rogment to indicator bottom right now We're just taking a look at the taz market profile So one of the other things that it did that's a positive move yesterday was a close back above The bottom of its daily profile. So you'd like to see two consecutive closes above that level That is 343 62 So i've got a valid bottom out here inside of john dear where should price head to well the sellers are hanging out between 350 352 And 356 82 We also know that we take a look at the weekly set of profiles out here the low from uh yesterday was the bottom Of that weekly profile. So another level of support. Let's pull over the white background charts See what we have out here and in the white background charts. We take a look at john dear Here you're going to see it had the rogment to indicator signal triggered price yesterday was a gap to the upside That is a bullish reversal candle. Yes. I know eventually maybe gaps get filled You know do all gaps get in any event you've got a bullish message and that should take price Hector up to the 353 to 356 level now price can close up 356. You're looking at a run to 387 That's coming from the daily time frame chart if we look at the weekly time frame chart The weekly's got a rogment to indicator top and what price did was it successfully push price back to support The support level was the bottom of that daily profile We discussed already how price is tested and rejected that level now price were to close below 329 74 that could signal a run down to the 278 area out there So your question was is this looking to head north or south right now yesterday? It gave you the north direction, but it still got a battle between 353 and 356 So um In any event, uh, that's what's going on with john dear. We've got a caller on the line Let's go out to california and speak with brent brent. Thanks for calling. Thanks for holding How are you doing this morning early in the morning? That is? I'm doing great. Steve. Good morning to you. Thank you. Thank you So you wanted to take a look at the uh gold miners etf the gvx out there Tell me what you're doing and how I could best help you I thought that we got a close above there was a couple levels that you've given uh previously Yes, I thought one was around you 30 20 something I thought when we did get a close above and there's another one around 31 And change I just wanted you to go up at as level as you could and then if you don't mind I'm in gfi Okay, old fields. Do you take a look at that? Absolutely. So, uh, let me get that going on one of my charts out here So with regard to gold the first numbers that brent was referring to 30 28 That was the top of the daily profile. Now. This was a nice bowler structured profile By the way, the gvx confirmed a rogement and indicator bottom It did it right here this candle on the trade and I'll show you on the white background charts Two folks on 9 30 and it did that that was a bull sash candle It had triggered a rogement and indicator signal now with prices closing above the top of its daily profile for two consecutive bars 30 28 That then suggests run a run up to the bottom of its weekly profile That's the next resistance level from a profile standpoint and that's at 31 71 specifically So those are the specific numbers that brent was looking for let's pull over the chart for the gvx And here what you'll see is you'll see those rogement and indicator signals triggered You'll see the bull sash candle and let me update this chart as well It was also a td9 count bottom So brent where price should head to even though I gave you the bottom of that weekly profile We're back to the daily time frame which gave us the bottoming signal and its next battle ground is up at 31 56 That's the td9 breakdown resistance level if price can close above that does not have to be today That would be a big move today But if price does close above that that would give us a change in trend signal out there So any questions about the gdx at this stage? No, I think that's it that I mentioned the numbers before I just I didn't have an appointment Yep, absolutely. So let's go take a good gold fields gfi is a ticker symbol out here and see if this is also given us a nice bottoming signal It does I see I do see a gap to the upside We'll go have to go see what kind of pattern took place back there But prices above regardless whether it identify one of my bottoming patterns or not Price closed above the top of its daily profile in a larger way than a gdx. So that's a very positive That was an 833. That's the level you'd like to see price close And so this gives us a target of 9 59 Which is the bottom Of its day of its weekly profile. So let's pull over the You only have the daily right now. That's okay. Let's pull over the daily set of charts out here Let's make sure these are properly populated. They are so You know, I don't know. I don't really see one of my bottoming patterns per se Maybe there was an a to b equal cd to downside. I can see a junior one but regardless of that you've got the bullish messages out here on a The daily basis the real resistance zone is way up at 10 52 So you're a ways away from being able to do that But so you got 9 59 and 10 52 are the resistance levels out there If I take a quick peek at the short term 30 minute chart Do we see anything out here that brent needs to be concerned with? I don't see anything at all. So gfi looks really positive Yeah, the one thing that I did kind of noticed and You could do it on your white background charter or the other Yeah on the daily chart if you took the tops, I think it goes back to I don't remember the exact date I think it's either june or july We'll put in that top and they connect the the top so they might have finally kind of focused head above that down trend um Which would be a positive and we'll see if we can keep doing that but To start to something I guess Yeah, yeah, so I'll I think I might be able to put some some of my trend lines out here On yeah, I think I can and so there's the trend line levels that in essence brent is talking about And so on my charts it shows it really prices right up against one trend line But hey a move above that would just simply be another bullish development brent. Absolutely All right, thanks so much Steve. You have a great weekend and I guess if you could maybe go over gold to some point In the different currencies and where we stand with that. I appreciate it Absolutely, we'll do it weekend. Thanks as always you take care of you you do as well And thanks so much for calling in early that was brent in martin is california the next question coming in here by Email we took care of hector is from david v david writes in so the ticker. So let's first get this up on the screen Sli is the ticker symbol and which I'm not familiar with but standard lithium And as I'm currently looking at sli. Do you think this Stock can continue its current growth? Is it sustainable? What's your outlook for this particular company and what might an entry point look like? Dave in grand rapids. So Dave right now. Here's what we know We've just simply take a look at profiles if you're wondering where the battlegrounds are They're at the 875 875 is the top of its bullish structure profile if price can close above 790 a 783 That's a center. Then that's going to suggest to move up to 875 803 is another resistance level and that is its top of its weekly profile So those are some battleground areas. I'd write those down on a pad of paper Our white background charts may have some additional battlegrounds to consider out here and your question was You know is that you're looking for a bottom as soon as we can expand this chart out Or what's going on up at the top? So the very first thing that we see Is I see a a td9 count top that took place on august 11th And price tried to take that out back on september 29th was unable to do that generated bearish engulfing wave number seven letter g At price tried getting below the bottom of its daily profile at 722 But it was for only one day right now sli is sitting at resistance Both the center of that bullish structure profile and its green oscillator and change line day from grand rapids When we get back from this break, we'll finish up take and look at ticker symbol sli Are you looking for a way to consistently add winning trades to your portfolio? 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Thanks so much for doing that. We're recording this show today Between eight and nine. We'll probably do the same thing on next friday as well So we're back to standard lithium out here for davin grand rapids. We're looking for an entry point And his question was you know his price going to head higher out here So as soon as I can get this a white chart here populated don't know what the heck is going on Um, it must be the nsa in my system. Wow. This is really weird What the heck let me try to open this up on a different screen Wow Very weird. Let me try to open up a different panel Well folks, this is the craziest thing i've ever seen out here. Uh, let me okay, let me uh, okay Let me do this here. I've gotten it to open up another screen. Let's see if I can close it my apology out here But to help me answer wow Really weird, so i'm going to turn my mouse on and off my keyboard on and off Just see if I can reset that if that will do it. I have not had this technical issue before so i'm not sure what the Easy resolution is or what the heck is going on, but uh, so here. Oh, it's 8 30. That's what's going on We got the jobs report date out. So let's go back and take a look at what's going on inside the markets here It's a ton of information going through the system. Okay, good. I should have figured that out But I didn't so now let's go take a look at so the initial movement that we've got here Inside the dot boy. It looks like it's jumping everywhere So right now equity futures still pointing a little bit north But they're bouncing around everywhere, but on my system must be because I have everything clogged. It looks like it's frozen So tons of data. I can hear the fans on the cpu's firing up So it's trying to get all this information out here a gold has spiked higher. That's for sure That's up 10 bucks right now My feed on the u.s. Dollar index is a 10 minute delay. So we can't pay attention to that to get any kind of a signal out here Um, I'd say that the u.s. Equity futures markets are somewhat muted by whatever the jobs data was payrolls were up 194,000 my guess is that's probably well below what What folks were looking for out here, but for what we want to do, you know It's trying to anticipate not anticipate but understand what the markets are communicating to us So let's see if things have maybe freed up just a tad Uh, so I can get this other chart out here for s li on my screen So let's try this one more time But I stay here those fans on my cpu all fired up So they're they're processing they're churning all this data because of all these charts that I've got up on the screen So we're going to try this one more time and if we can't we're just simply going to move on I'll summarize s li for you at this stage here Dave and that is that price is up at a resistance level. There are td9 count tops I looked at it during the break This has td9 count tops on the daily weekly and monthly time frame And so that's a bit of caution and price was struggling at its daily green oscillator and changeline So this could form an a to b equal cd to the downside Don't know that it will or won't but you want to see today's price action to see if it gives you any other signals Out there, so I would just sit tight Your question was do I see continued growth? If price takes out the recent highs out here, then the answer is yes Because when you take out those td9 counts to the upside, you know, that is a positive development So I hope that helps you out Dave. Sorry that I had some technical problems here with the system. Maybe it'll Unfreeze itself during the during the show here and I'll be able to pull those charts over Hector writes in so Hector says a radio show question number two if given time you've got it Yesterday you were looking at the vix table. You noticed during the spring and early summer months that the readings are in the mid 20s. Is this a clue about the future? Thanks and have a great weekend. So with regard to the spot volatility index Hector I don't pay attention to whether it's at 20 at 10 at 30 What I pay attention to is I think you know is where's the spot volatility trading In relationship to its 50 day exponential moving average and what I would do what I would suggest Hector if you go back to your chart And take it all the way back to 2007 2009 really 2009 time period You're going to see that spot volatility was up in the 50s 50s 60s or so forth But when the spot volatility index began trading below the 50 day exponential moving average Which was probably like in the 40s or something back then that's what gave the signal to the move to the upside So for my purposes of what I do out here In using the spot volatility is kind of like a wind meter Are we going into the wind or do we have the wind at our back and when the when the spot volatility is above the 50 day We're going into the wind out there And that's really all that I want to know as far as where's the spot volatility trading right now It's traded in 1947 and the 50 day exponential moving average is 1947 So we're neutral with regard to the wind is the wind has died down But the wind is certainly going to pick up and the question is which side of that 50 day Is the spot volatility is going to close come day's end out there. So victor Hector, I hope that that helps you out and thanks so much for writing in when a couple other requests What was for jp morgan? I certainly can get that fired up on my three time frame charts out here So let's take a look at jpm. I feel like i'm navigating in the blind or in the fog Without being able to take a look at my other charts to see how long it's taking just to populate the e signal out here That just tells you about this Pipe delay right now that i'm getting so that's not really good man that requires tv to uh, so what are we going to do next? I tell you we're going to do we're not going to take a look at jpm until that gets populated But we're also oh there we go perfect. So with regard to jp morgan Here's what we know price closed is trading above or closed above the top of its daily profile yesterday So that's a bullish signal out here in a second close above 169 30 will be another bullish signal The xlf is uh is very bullish out here You've got the weekly chart is above its weekly profile So monthly chart is closed above the monthly profile last week So all of this looks good in fact jp morgan if we expand out the A monthly time frame chart this has a confirmed a to b equal cd to the upside that should take it to 2030 5 237 36 that's over time. That's the current patterns that are in there now We're going to try this again. Okay, so we can pull it over Let's see if we hit this expand. Oh beautiful thing out here. So on the daily basis Um Yesterday, so here's the issue now with regard to jp morgan and the issue is that yesterday was a test rejection of a td9 Countdown that's why we needed to have these white background charts out here So the level that jp morgan needs to close above Not to get its bullishness back But to tell you that you're it's back in breakout mode. It's going to be 170 44 Now the reason that I say that is we have a we have a td9 count top That's in place and yesterday price closed below that threshold level the high of the pattern That was the level that I gave you 170 44 Price is above the top of its daily profile price is above its green oscillator and change line So its signal is bullish to neutral out here Support on any move back should be at the 166 60 level So on the daily basis jp morgan is struggling a bit if we take a look at the it has a resistance level It has a battle that it needs to overcome on the weekly basis. I don't see that I don't see any kind of a topping signal at this stage here So jp morgan looks good But it's got some battleground that it needs to take care of in order to continue that bullish message But it is not bearish that is not what steve is saying Let me see if I can pull back that sli chart out here and uh open this one up Let's see if we have any luck. Do we have any luck? There we go So on the luck here here, you can see the td9 count top. This is way back here in august That level has held if we take a look at the weekly chart, you're going to see a td9 count top as well out here That was on this bar when I say this bar the bar following bar number nine So in the monthly chart out here, you've got a td9 count top that appears to be forming this month So those are the reasons I say caution and you could could get an a to b equal cd to the downside And it's this oscillator and change line that is giving us that signal price closes above that then You should see a run up to 875 out there So davos glad that we were able to get to those charts. There was also a question to take a look at fang So we're going to go ahead and pull up the fang chart here momentarily. That's if I can get this puppy to close Hmm Well, the good news is we're going into a hard break. So steve will figure out how to do this And we'll come back and we'll take a look at fang and uh, we'll go start take a look at the markets And uh, see how they are responding to the jobs data steve roge with tf&m will break that Are you having fun trading the markets? 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That's tf&m.com and hit watch tiger tv Welcome back folks 842 in the morning on friday. We are recording this show earlier We're taking a look at the so far the market response over the last 12 minutes here to the jobs data You've got a mixed bag We take a look at us equity futures down just down slightly as is the russell 2000 But the nasdaq 100 which is the most important signal today that is up 80 points in a minute We'll go take a look at what that means get silver up 40 cents That's a big move nearly 2% and gold up 17 bucks That is it's 1% move out here the question was to take a look at fang And so as we take a look at fang out here We can see that you've got a brand new daily profile that formed yesterday. So your resistance level is 105 95 That's the battleground if price can close above that that would suggest good news But really where price needs to close above is the high from the trading day of october 5th That is at 107 55. That is your td9 count pattern. Let me pull over the white background chart You'll see it here momentarily and so just simply a reason to just pause or cause So you've got resistance to the top of the profile. You've got a valid td9 count What that really suggests on any move lower price should test its oscillator and change line That's at the 98 64 level. So that's a daily time frame chart weekly chart out here for fang Has rosement to indicator signal, but that needs a bearish reversal candle out here Not likely to take up place today. So longer term. It looks good intermediate term I should say but daily you've got a bit of a battleground and that's the high from a couple of days ago In addition to that that daily profile that formed yesterday. So hope that helps you out with regard to fang I believe we've gotten through everything inside the tiger's den all of the requests out there So that's a beautiful thing. So now let's just really move over to stevie's other sets of charts out here Our eight panel charts. Let's go take a look at well before I do that just before I do that Let me get the nq fired up on uh on that There we go. I'm gonna start I'll start with the es mini But first what we're gonna do is just simply go to my market update charts out here Because really this is the key and important level. So I said the nq was responding. Well, but what does that really mean? Well, what you're looking for today is how does the nq deal with 14? 986 price right now is 14 956 out there if price can close above that that is a bearish structure daily profile That will be a I will add to the bullishness. So the ndx or the nq I should say has a confirmed Gertley by pattern and if price can close above that That suggests a run back to its recent higher. Maybe it's all time high the recent high by the way out here from september 27th In the 15 3 99 level if that happens I mean to close above the top of its profile and the spot politics Which is currently trading below the 50 day expansion moving average Those are bullish signals for the markets and the es mini right now trading above the top of its daily profile So that is a bullish outcome with regard to gold Which is having gold and silver really having the biggest moves out here You can see gold right now trying to get inside its weak me profile So a positive development would be a close above 17 74 A real positive development be a close above 17 90 in the case of silver It has some battlegrounds. Those are the daily profile levels at 23 18 23 64 24 11 Those could be just simply small skirmishes the big skirm But closing above if it can close above 22 82 today that suggests to move up into the 24 23 level. So now we're going to move off of these charts And we're going to go simply take a look at my eight background charts for multiple instruments out here Again, just to get a feel for what is being communicated to us for multiple time frames So now we begin with the es mini. What do we know so far? We know that the es mini last month generated a Arrosment to indicator Top but all price being able to do is get back and test its green oscillator and change line folks That is a bullish message out there price would need to close below that green oscillator and change line That's at 42 92 to suggest something else on a weekly basis out here as we populate this. What do we have? price even in the pullback that we've seen Since the uh, September 4th 5th, whatever that day was hasn't even been able to test its breakout level 41 26 By the way, if the es mini were to head south and get below 42 93 41 26 would be its price target Now in the es mini out here. It's got that confirmed currently by pattern There's nothing else on the daily chart out here to really assist us the real key level For the es mini today is not the top of its profile not that that's not important But it's really going to be its oscillator and change line, which is red at 43 71 if price closed below that That could tell us about a revisit to 43 44 or 42 81 out here and looking for other messages I don't see any Um, I will share with you that if you were to ask me on a rally And you're still taking the approach that this is just a counter trend move Where is it that price would really find resistance? Well for me that tested the es mini Let me uh, get this chart here a little bit cleaned up. Let me pull this back Is 44 72 50 44 72 50 Is a td9 count breakdown resistance level It's actually it's the only one on the four hour time frame chart And we can see that after this formed a nice td9 count bottom back here at about five in the evening On september 20th price ran right up and ran into that resistance level of 44 72 50 So if you're asking me, where is the next resistance level if price closed above all these areas? Uh, and you and you're interpreting that, um, I'm only looking at the bullish side out here There's one more level that the es mini would have to close above to give you the all clear And that we're going that we're in the favorable seasonal cycle Which we know we're in and we're headed back to its highs and perhaps beyond that and that's 44 72 50 And the es mini is one that has the best pattern with regard to where that resistance level is So I'd write that down on your pad of paper out there Uh, is there any other information that we can take a look at on the es mini? I don't know. I'm having trouble closing that box out here. None that I see So let's switch over and let's go from the es mini. Let's go over to the nq out here And just take a look at its multi timeframes. We're trying to see there's any kind of tells or information out here So a number. Let me just update these charts out here So on a monthly basis same kind of pattern out here You've got a td9 count top price just simply been testing that green oscillator and change line That's where price needs to close below to suggest that there's some more danger ahead on a weekly basis again Very strong price never even got back to its td9 breakout level While you can see here the a to b equal cd pattern Now the only way on this white background chart that I can draw that in It's just simply by using lines from the a to b level Then I just simply copy that move that to the c point So you can see the hammer candle that formed out here a few days ago on a daily basis Price right now is poking a set above that red oscillator and change line And that's important, but we know the top of the daily profiles at 14 986 level So that's really the key area to be watching for I don't have any other signals out here that are worthwhile to spend time on So we won't let's go from there. Let's cover all the markets. Let's take a look at the russell 2000 next Let's fire that up and we take a look at its charts out here What do we see? We see that on the monthly basis prices holding that oscillator and change line even after a td9 count But you can see just a sideways movement and the weekly chart really shows the sideways movement So we know clearly that what we have is a sideways consolidation market inside of the russell 2000 Prices above it's the oscillator and change line that would suggest that it's trying to get back to its recent highs up in the 22 90 level Um, what else does tbc watch 22 26 80 on this movement? If price closes below that the next level of support would be 22 15 and below that would be 21 85 As far as uh to the top where is resistance up at the top? Good question the top of its daily profiles up at the 22 67 level if price closed above 22 67 I know it's not on this white background chart here So I switched over to my black brown charts to be able to provide you with that information So watch 22 67 that would be the number that you'd want to put down on your pad of paper Let's go take a look at the dow equity future contract ym and then what we'll leave for coming back after the break We'll go take a look at the gold and silver on its charts See if there's any additional information to get on a monthly basis the dow holding the screen oscillator and change line It's pulled back. This was the weakest, but it came back test and rejected that breakout level 33 6 23 The dow has a by the d-point pattern out here Anything else that steamy can share with you Not much other than resistance inside the dow the ym that is 34 907 The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30-day money back guarantee Just visit the newsletters tab on the front page of tfnn.com tfnn educating investors Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tigers and trading rooms Only at tfnn.com The tigers den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tigers den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tigers den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors Are you looking for a secured investment which pays you on a monthly basis? 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That's 877-518-9190 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv Welcome back folks. So one of the one of the more important things to take a look at especially significant instruments like gold is understanding How it's trading in all of the major currencies out here So that's what we've got up on our charts right now on our screen You've got gold pricing dollars on the left hand side then golden euros golden yet and then golden pound So in real breakouts, you'll see price continue to rise in all major currencies They are rising all major currencies as we speak today And let's go back over to my eight panel chart here for gold and good news and bad news So the bad news is that you may see a td9 count top form between Really right now or we'll call it 9 a.m. That's going to be bar number eight now The pattern cannot complete until 9 30, but it should be able to do that I'm looking at the 30 minute time frame chart So there could be a td9 count top that occurs between 9 and 10 a.m And that would suggest some type of retracement or pullback now That's the only time frame that i've got a topping signal. So whatever that high is between now And 10 a.m. Out here. I'm assuming that a td9 count pattern will fulfill itself You want to watch that high because the beauty about that pattern is that when it fails It generates a beautiful continuation signal. In fact, it would be a strong momentum move So bar number eight wide-ranging bar doesn't matter to me that it's a wide-ranging bar It doesn't it matters about just simply, you know, why do the td9's work out here? You know, i'm looking back at gold the td9 count bottom that formed Out here was back in about seven o'clock in the morning. That was on october the fourth out there You know, why do why does price sometimes stop there? I don't know I can definitely just picture that it's kind of like not running a marathon At least not on the 30-minute chart. That's for sure And you've just given it all the gas that you can and so that you have to rest And sometimes the ration is just to move sideways Sometimes it's a pullback to test that oscillator and change language right now is 1762 that would say it would give up all of its Gains i'm not saying that's going to happen What i am suggesting is don't try to jump on the long gold trade right now because a 30-minute chart Is suggesting we could see a td9 count top between now and 10 a.m. Folks stay tuned You got tomyo bryan. He's up next. Thanks so much for listening if you're listening during the one o'clock time frame We'll be back to normal programming hours on monday. Have a fantastic weekend on friday folks. We'll see you soon