 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 morning folks welcome to the July 26th Yeah, it's a July 26th, the wonderful Wednesday edition of today's Traders Edge show I'm your old 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 And 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 means we can make 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'm here to serve you so feel free to pick up that phone would love to hear from you at 877-927-6648 Now if you've got a question, but you can't call in you can always send me an email I'll send that off early and send that to Steve at tfnn.com and inside the subject heading Please put radio show question now if you're inside our Tigers then well that any in 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. We got a mixed bag out there The mix goes like this the Dow up 18 the S&P up 13 then as decked off 140 the Russell up 6 the semis off 83 The trend is up 397 pretty mixed up bag that makes probably it gets resolved around 230 Maybe to 230 3 o'clock or so S&P 500 down 13 points gold is up 6 bucks sobers up 8 pennies like we crude up about a dime Natural gas down 7 cents 30 a treasure printed out 125 27 that is up 10 ticks now leading the charge dollar wise today You have silicon motion technology 40 bucks a 77 point move I hope you've got some of that bike or quote up 27 bucks a 46 percent move up I hope you got both of those let the up 27 bucks 10 percent old Dominion 6 percent Union Pacific 10 percent move for 22 bucks to the downside the shakers monolithic power systems of 32 bucks nearly 6 percent Broadcom 23 to an half percent affiliated managers group 20 bucks 12 percent Teledyne off 4 percent Your own at worldwide off 16 percent we've got some move and Microsoft down 16 bucks That's up four and a half percent. So we got some movers and we've got some shakers, but where do we want to begin? Let's begin Let's begin like we always do where are we at with regard to market breath out here? Let's take a look at the 30-minute time frame right now for the 30-minute time frame It is still bullish for the S&P 500 218 above 130 below when I say above I'm referring to above Resistance or above the top of the profile below would be below support in the case the NDX 100 20 above 51 below. So here we've got a mixed bag as well when it comes to 30-minute signals Let's see if that gets cleared up at all We take a look at the other four time frames that you and I can monitor That's the 60-minute 240 daily and weekly all bullish for the S&P 500 We take a look at the NASDAQ it is bullish for those other four time frames So the only bearish signal that we have out here comes from a 30-minute profile for the NQ All right, so we know that we'll take a look at what all that might mean first Let's go take a look at switch panels. Let's go to those white background charts We'll take a look at the daily then we'll dig down into those intraday charts out here But here we can see you've got that roadsman to mitigate our top confirmed on July 20th Another bearish rigor a golfing candle would confirm another one But right now we just have a consolidation with inside profiles What bus that consolidation would be a closed below 4,507 You need to see two of those closes out there You can see on my my other chart here if we get this so we do different profiles for the ES many 4507 level came from the bottom of the black background charts if price closed below that your next price target is 44 56 That's the bottom the white background Calculations for the task market profiles the same data is being used Same data is being used if we take a look at the NQ out here also roadsman to mitigate our top And here the level that we're watching we're in sync here is at 13 I'm sorry is a 15 586 area But really the level to watch is that old doji candle from two days ago a price closed below that low of 15 483 That'll trigger an A to B equal CD to the downside in the case of the Dow The Dow completed a TD 9 count top yesterday There is a new profile. It's not shown on this chart here, but the new profile that's attempting to form has resistance up at the high of 35 693 The low or the bottom of the profile 35 to 47 now the key to be watching here is certainly going to be yesterday's high that high 35 693 a price close above 35 693 the TD 9 count gets negated Says a strong moment to move to the upside on a daily type frame the A to B equal CD pattern will just simply continue or extend itself It's reached the one-to-one level did that yesterday at the 35 633 area the 1 to 1.272 expansion Would take us up into the 36 376 level and finally the Russell 2000 the Russell 2000 confirmed a wave number 7 Confirmed a TD 9 count top also right now prices consolidating with inside its profile So now we've got tops at all four of the equity future contracts Just like we've got tops inside the Dow cash index the S&P 500 the NDX 100 the some eyes the NASDAQ composite The New York Stock Exchange the spy the Q's the IWM the diamonds the XL V the XL F the XL C the XL Y The XL P the XL RE and the SMH is you don't think we've got a few topping signals that are out there That doesn't mean that the market is going to definitely move flow We're out there if those tops get taken out that tells us about strong moment to move to the upside But right now the message is the market has generated those tops and now let's see what sellers can do Speaking about what sellers can do. Let's just simply go dive down take a look at an intraday chart here Let's start with the ES many even though we know on the yes But in fact what we do know on the ES many let's take a look at that 30-minute time frame chart We know that it has a bullish Configuration meaning there are more instruments trained above the top or resistance Top of its profile versus trading below the bottom of its profile now and the yes Many happens to be trading below the bottom of its bullish structured profile now the key level here for the ES many for its 30-minute Time for amount of care whether it's bullish or bearish Tas market breadth is going to be 45 79 50 the 45 79 50 gives way for two consecutive bars That would be an early warning signal that there is a change in trend that is attempting to unfold What do you mean Stevie? What I mean is if we just simply take a look at teeny nine count breakout and break down levels Those would be the green lines would be break down levels when price closed above that that is a bullish signal And we have break out levels that would be the red horizontal lines You can see here coming off of the July lows out here We have not seen a break other than this one little time frame for about a couple of hours here This was in about the July 16 time frame. Otherwise all other Breakout levels have held even yesterday as price moved lower and that was at 9 30 in the morning price did close below 45 81 50 that was a teeny nine count break although, but you know Stevie's rule one bar doesn't mean squat It means it needs a second bar and did we get that yesterday? No price was just simply took off to the upside. So price found support 45 79 50 and in 45 68 75 those are key levels to watch those areas get taken out That's our first early indication of a potential change in trend. She rose with TF and N. 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 kick stats tiger 4x report Teddy kick stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x 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 4x markets tremendously when you sign up for the tiger 4x report You also gain instant access to Teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the tiger 4x report for all the details and to start your 30-day tiger 4x report subscription today? Visit the front page of TFNN comm 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 comm The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave Updown sequence gives you an edge in identifying price turns finding the peaks and valleys and 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 comm 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 it 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 Back up folks Let's get to our questions now some of those that have come in the first one first one's coming up from Peter From Park City inside of Tiger's Den Peter wants take a look at two things New York Stock Exchange the advanced decline oscillator Now the advanced client oscillator folks represents what that is is that's a difference between the 39 and 19 period Exponential moving average of the advanced decline line now the advanced decline line is what you see in panel number two You can see that the advanced decline line has broken through a descending trend line out there So that is certainly short-term positive, but what we can also see here. This is really panel number three We can see that the advanced client oscillator get that difference between the 39 and 19 period exponential moving average has formed lower highs It's formed lower highs in the face of Higher highs in price for the New York Stock Exchange now We know the NYSE formed a TD 9 count top out there So it's got the topping patents in place what should unfold here is we should see the New York Stock Exchange begin to move lower Now it won't move lower in earnest until the spot ball utility X gets above its 50-day Exponential moving average that is actually panel number the bottom panel out there the 50-day is currently printed at 1483 Price for the VIX right now is at 1391 so what you want to watch that 1483 level if price closes above that then we'll see price move lower So we have two things going on here. Well a couple other things. What else a couple weeks ago Well the trading day specifically of July 13th, we saw that Advanced client oscillator get above the plus 150 mark what that tells us is about future highs to come that we should still see future Highs after this condition here gets worked off You can see a number of instances here both the ties and at lows We get those divergences between price making higher highs and events client making lower highs out there That says to be on the watch out for at least a retracement you get more the retracement when you get above that 50-day Exponential moving average so Peter I hope that that helped answer your questions with regard to what's going on inside of the New York stock exchange The next question will come in from a diesel inside the Tigers down. We're gonna have to change panels here We'd like to take a look at the 30-year Treasury and the question is should he go long? I believe that was a question. Let's go take a look at the 30-year Treasury charts out here We'll pull those up here We'll have the daily the weekly the monthly as well some interday charts out there on a monthly time frame prices Sitting right back at support that is the bottom of its monthly profile, but it is also you can see that red ausser and change line That's the upper left-hand panel chart there. Dizzle exactly the strong resistance So your risk reward is basically horrible to take a long position Knowing that that has been tested for the last to five six months and that is held out there. So that says Okay, you better be real short term if you're looking at taking a long trade or understand that that is a real Significant resistance point. So whereas you might have wanted to not you diesel but others out there might have wanted to focus in on the Short-term time frame chart sometimes the larger time frame charts are given as plenty of information Now in a weekly basis, you just have a sideways move with regard to the 30-year right now price is dealing It's also in change line consolidating or trading with inside its profiles But look at that daily time frame. You've got a fairly wide profile out there a price of consolidating with inside it You're at the midpoint. So I don't know whether price is going to move higher up to the top of the profile to the bottom So this is a horrible reward risk for any kind of trade That's not really intraday what I mean by that is some trade that's not focusing on the 30 minute or 60 minute charts out There is something along those lines, but with regard to any other signals that we have out there So what's the 30-minute chart telling us Stevie? It's not telling us a whole heck of a lot is telling us that one twenty six oh three is a resistance point out there But we're also see that price trade between support and resistance. So what's a 30-year treasure gonna do? It's in the middle of nowhere land out there. It's not a good short It's not a good long enough. You're already into position different story But when I start a position today, you don't see the CB charts. Did I not make that change? Oh my goodness gracious Son of a goodness Stevie Stevie Stevie, okay now. We'll take a look at it. Sorry about the repeat But I'll try to do it very fast the key here take a look at this monthly time frame chart ever since February of 2023 That level is acted as resistance You have to assume that that is your level of resistance until proven otherwise that makes a reward risk to the upside Horrible to the downside horrible Why because we're sitting at the bottom of that monthly profile and on the weekly in the daily just have Consolidations in between their profile levels on the daily specifically You can see you're really at the midpoint and when I pulled up the 30 minute chart out here What I showed was at TD 9 count breakdown level one twenty six oh three So I don't have a clue quite frankly as to where the 30 year is going to head to what I do know It is a horrible reward risk trade to put on right now. So I would just simply step aside The next question coming in for mr. Bill mr. Bill wants to take look at horizontal trading ranges They're primary trading ranges, so we're gonna change panels here I'm gonna do this right now just to make sure that that unfolds and let's go take a look at a couple of them Let's take a look at the primary trading ranges horizontal trading ranges for the Dow This is the Dow cash in to see out here now I'm looking at I have three different time frames Actually I have more than that that I can look at but three primary time frames that I take a look at first What is a primary trading range boundary line great question out there? This is something that was really established or brought to us by bud Rolf's many many years ago Okay, at least a couple of decades and what bud was looking for he was looking for the largest number of Opens and closes that occurred at a certain price or an approximate certain price out here when we take a look at this chart You'll see these green horizontal lines What you will see out here is I've automated this process But used to do it visually nothing wrong with doing it visually I just like why do it visually when we can do it? Automatically that's not even a word out there, but I created a word you got to love that now what this tool does is Identifies the largest number of co-located doesn't matter whether it's an open or a close on a weekly basis What we can see here at the price point of 10 5 58 for the Dow There were a total of 186 opens or closes then right near that level you had 65 at 79 36 554 that sets up the range that sets up the horizontal Trading range or what I call a horizontal trading range boundary or what bud called a primary trading range Well now that we know that if in fact the Dow takes out its daily TD 9 count top We took a look at that or I believe we took a look at that at least on the Dow equity future contract it's also present inside the Daily cash industry if price takes that out then with the Dow cash industry is signaling to an eye is that price is likely going to make a move to 36 773 Hold on a minute. I want to check one thing out there before we before I finish that sentence Although I already finished it, but before I really finish it. Okay, so that would be the likely target However, I'll put up one more thing and that's going to be the midpoint and we take a look at the midpoint Why don't have that as all that's a daily midpoint. Sorry about that. I didn't really mean that I meant this There we go. So now what we can see here with regard to the Dow those little dotted lines out there Those are the midpoints in between those horizontal trading range numbers And they can often act as an area of resistance that number is 35 463 We're trained at 35 445 out there So the key area here, I would say mr. Building watching on a weekly basis is going to be approximately don't use this right to the tick But 35 463 now the cool thing here because we have that daily TD 9 count top if that gets taken out Then likely price gets above this area and heads up to that 36 773 There's even a weekly a to b equal cd pattern that could take us up to 37 481 Does that make sense, mr. Bill? And take a look at those horizontal trading ranges for the Dow for its weekly time frame See roads with tf and n we get back. We'll go ahead and take a look at the s and p But we'll do that from a daily standpoint be right there attention traders Larry Pesavento the renowned trading mastermind is holding an exclusive live trading event on wednesday august 2nd From 9 a.m. To 2 p.m. Eastern time transform your trading skills with the real-time wisdom of a wall street veteran Just 295 dollars gets you a front row seat to this power packed session Plus a month free of Larry's sought after newsletter Fibonacci 24 7 a 97 dollar value Elevate your strategies decode the markets and achieve your financial goals Remember this event will be archived for all attendees and Larry only does a few of these a year Don't miss this opportunity Sign up today at tf nn.com Secure your future and start trading smarter tf nn educating investors 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 of 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 xa u 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 tf nn.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 tf nn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tf nn airs live financial content streamed live on tf nn.com and tf nn'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 nn.com or on tf nn's youtube channel And become the investor you were born to be tf nn educating investors Don't forget you can listen to tf nn live on your mobile device 24 hours per day Go to tf nn.com and hit watch tiger tv. That's tf nn.com and hit watch tiger tv Welcome back folks. So we've got the charts for the s and p up on our screen out here We would take a look at those horizontal trading ranges primary trading ranges kind of Work at bud ralf had created for us now We looked at the dow chart and that last segment we looked at a weekly timeframe And I'll have the s and p up for its daily timeframe Again, you'll see the the ranges you'll see some numbers off to the side Those are telling us how many co located opens or closes that we've had out there that establishes those ranges Can change from time to time out here But right now what we know is that the s and p 500 completed more than a one to one larger a to b equal CD to upside that's off of the october lows And price is running right into the top of a rising price channel as price is also reaching 45 89 88 Now that we don't worry about trying to be right to the tick out there What we know is that price is up at a resistance level at the same time that the s and p 500 has a A roadsman to middicator top or td9 count top I think it's roadsman to middicator top on the cash industry I know that's what it is on the es mini out there So those are the levels that price is able to take out 45 90 Well, then that signal there would be a move up to the 47 55 level. So mr. Bill I hope that helps you out with regard to horizontal and primary trading range boundary lines Let's go on to our next request out there. That's coming in from dpd inside the tiger's den We're going to change panels here momentarily Not make that mistake. Hopefully for a second time today get over those white background charts And as we do that, let's pull up the charts for caterpillar. C at is the tick assemble out here Momentarily, we'll have that up on our screen caterpillar trading out at about 260 36 and trading with inside its daily profile Now what you'll see out there you will see a wave number seven and you will see a A td9 count top. Well, you'll now really see that all the price is doing right now It's just consolidating with inside that daily profile the level that price needs to break through It needs to close below 250 284 If it does that then that will signal move to its breakout level of 24409 On a weekly time frame a bearish reversal candle this week could generate a roge mitderm indicator top A td9 count top is likely to confirm this week and complete next week So you got a td9 count top placed on the daily You're going to get a td9 count top for the weekly come friday And we can see on the monthly chart price is dealing with resistance. That's resistance January of 2023 that was a roge mitderm indicator top price must close above 260 604 In order for caterpillar to be on its merry way to the upside But otherwise you've got a top basically your resistance on the monthly You've got a top that's going to be forming here on the weekly and you've got a top in place for the daily Watch support support 250 702 250 284 and then below that 24409 Dpd, I hope that helped you out also think you had another request and that was for microsoft msft They were out with earnings last night after the bell microsoft so far pulling back and testing support now What we don't have out here So we have a gap to the downside the gap to the downside now is confirming this A roge mitderm indicator top But we're also getting a potential of an a to b equal cd to the downside pattern The swing point that it's dealing with that would create that a to b equal cd Well, from the trading day of july 21st volume on that trading day 69 million shares so far we are 28 million shares in two hours of trading So it's got the volume can it bust through support support again being 334 60 if it busts through support then we've got the a to b equal cd to the downside Let's go ahead and we'll actually draw this one in let's uh copy and paste that didn't work Let's try to copy and paste that didn't work We can try one more time because the third time is the charm Copy and paste there you go There's a third time and there's your a to b equal cd walla now Price must close below 334 if it does that then what is telling us is price would get back to really test this hammer candle from july 11 And that is at 327 even steven now the a to b equal cd is round the 3 25 Oh boy price close below the bottom of a hammer candle. That's not a good sign out there But right now microsoft has held support on its daily time frame You got a td9 count top on the weekly time frame and prices back inside its profile The question is where does it finish out the day on friday if it finishes the day above? 338 56 conditions are neutral if price is below that conditions are bearish consolidating bear so to speak with price trading within side its Bullet structured weekly profile the level of support here from microsoft 300.65 to 306 97 out there That's well below that one to one a to b equal cd to the downside now on a monthly basis You would need price to at least dip below Last month's low That's at 322 50 That would then trigger a rogment dominicator topping pattern out there So that's what I see when we take a look at the charts there from microsoft Hope that helps you out dpd and thanks much for taking the time to Put in a request the next request out here from dan inside the tigers den and dan wanted to take a look at the kre The kre that is the regional banking etf out here If we take a look at kre the levels prices trading above a real key level out here What's that key level first the kre negated a td9 count top and negated that pattern on july 24th Now a negated pattern the price ran right into resistance the buzz saw the top of its profile 47 70 That turned out to be a one-day move to the downside now We're up above that a close in the kre above 47 70 dan is a bullish signal now There's an a to b equal cd. We'll go over to my black background charts to put that in here on a monthly on a weekly basis Price formed a td9 count bottom and prices trading above profile. This suggests it wants to move higher Move higher to where excellent question. I would say the next target to the upside would be 52 88 52 88 is the monthly oscillator and changeline now We can see on a monthly basis price pulled back tested that break out level 35 17 No bottom signal there doesn't necessarily have to be sometimes pulling back to support Is a bottom sometimes moving up to resistance can be a top in this case here We can see in the kre it was certainly was a bottom Coincided with that weekly td9 count bottom out here. So kre Let's go switch over to our other charts and figure out where that a to b equal cd level is on the daily time frame We're really on the weekly time frame for it as well. But let's go pull over there We'll take this will be easier for us to look at volumes Let's get kre up here. Let's take a look at the daily time frame. Let's just simply expand it out So here this is really the one to be watching for So the eight point all the way down here at the low on may the fourth the b-point the high out here On june the sixth and the c-point is the low that formed on june 23rd The one to one a to b equal cd gets to the 49 84 another b-point out there the swing point june 7 Did volume error 33 million shares when it was passed it was passed with 29 30 26 So it really hasn't had the volume doesn't have to have the volume to go on do an a to b equal cd absolutely Positively not and in fact in this case here Prices trading took out a td9 count trading above the top of its profile should go on to 49 84 level What's above that above that would be 52 69 watch for a bearish reversal candle that would set up a gartly sell Inside the regional banking sector the kre So dano, I hope that helps you out with the kre. Thanks much for taking the time to write in Mugapi is the next request out there and mugapi wanted to take a look at tick symbol i m n m And i am nm. Let's change our screens out here. Let's not make that mistake Or try not to make that mistake And i and m and the question was did this form a td9 count bottom yesterday and the answer is Absolutely positively most definitely so you got a td9 count with inside its bullish structured profile. That's a nice thing out there We come back to this break. We'll continue looking at i am nm We're going to let mugapi know where this is likely headed to at least where the next battles are up above 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 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 prospectus or summary prospectus Please contact direction shares at 8664767523 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 If you're the church here for im and that is immune gnome Out here it formed a td9 account bottom yesterday for its daily time frame Your next resistance area your next battle is going to be at 749 and 749 is the center of that Buller structure daily profile if price can clear 749 then you're off to the oscillator and change line at 786 If price can close above the 786 level that's a green oscillator change line You should make your way to 879 to 898 now I mentioned that at 749 is your next resistance level And then above that would be 786 turns out that at 782 Is the center of a new weekly profile that's attempting to form It's not shown on this white background chart here I've used my super doppler tool on the black background charts, which I happen to have up on the screen out there So just know that at that 782 ish area 786 should you get up there? That's going to be a fairly significant resistance loan that if you can clear Then that's telling you about a move up to the 898 to 924 level So that's what I see when I take look at i n m m good spotting there mcguppy with regard to that td9 count And the best of luck to you on that trade David h wants writes in and he wants to take a look at azimil asml. Now. Let's actually read the question here The question is hey steve do your charts suggest there's more downside opportunity On asml over the next couple of weeks out here. So let's go see what the charts say We've got asml up on our screen out here. What do we know this formed a roadsman dominicator top price is trading Below well, it's it's dealing with a brand new profile that formed yesterday So this is going to be helpful information to help you answer that question that new profile support level It is bullish in structure Traded with inside it yesterday It's still trading with inside it as we speak right now and we'll do so It price to be able to close above and hold 683 20 First number to write down on your pad of paper there david is 683 20 If price holds that now what does price also do with regard to moving to that swing point just simply I say price I really mean volume is really what I was really trying to refer to that volume is on the trading day of july 20th 2.9 million shares so far today you've done 300 000. So you're moving down light with volume Now why is that important? Well, one of the reasons it could be important is because of that low gets taken out You could have an a to b equal cd pattern to the downside out there, but right now. So your question was Do you see an opportunity for azimil to move lower? The first thing is going to be dealing with that profile So we've given you that number The second thing is going to be dealing with that low from july 20th out there at 7 13 13 That's got volume of 2.4 million shares. So if price can get below that Then odds favor the answer. Yes at 676 44 that happens to be the top of the weekly profile So, you know that that is also another support level right now with price being above it has been above it for many many months That's a key level of support that if closed below on a weekly basis would then suggest to move to 648 17 So right now the answer to your question would be based upon the data that we have here You asked is there more downside opportunity? There is the price has to bust through these key levels of support out there Now the reason we take and look at that is because the monthly chart Is likely going to form bar number nine of a td nine count now that pattern could complete next month Now in order for that to occur and unfold what we need to see at this month That's next monday is a close above 680 71 If price closed above that then the monthly is going to give you a td nine count says be watchful be careful You've got a roadsman dominicator top on the daily time frame out there And i'm guessing we could come up with a to b equal cd that was confirmed last week out there So it's all about support. You've got the tops in place most certainly you do But what we don't have is key levels of support breaking and those are the areas for you to keep an eye on david I hope that helps you out at least we've been able to identify those for you Uh, we have another question with regard to the k re and this was from somebody Dan dan f writes in and dan says Started a short position yesterday The td nine on the daily chart looks like it's failing today Actually, and you're exactly right. You are exactly right. Do you think you should close the position? So we did that analysis out here Um The answer is yeah when when the yes, I do Yes, I do. Let's first let's look at a 30 minute chart see if there's anything out here at all So you can get into a couple of things One It looks like it's failing as we speak right now. We both know that the um, we both know that the market should move should move After paul comes out. So I don't know dan just like you don't know which way is this going to move in? So I was really looking at the 30 minute chart just to see if we had some kind of short-term top out here You know, maybe to kind of buffer, but we don't price is trading about the top of its profile There's no topping signal in place. In fact, it took out a Erode's meant to mitigate our top your wave seven top out there So we don't see anything out here to suggest that price getting ready to head lower So a couple different options. I would say at the end of the day It price closes above At this stage here if price closes above Well, actually I That td9 count top didn't fail isn't failing today. Remember it failed on the trading day of july 24th Price closed above the high of that pattern. So that's really an important thing It's not really today, but today's doing is taking out resistance. That's the top of that profile out there in a daily time frame So, um, if price got closed it back below 4770 Uh, even though you've got a negated td9 count top Uh, well, it's really hard to find anything bearish about the kre right now Not that it can't turn into something bearish, but it's hard to find as we speak right now So dan, I don't mean to be kind of wishy-washy here But I really think we won't know the answer to that until the end of the day But here yesterday you were starting that transaction The only thing you had going for you was at 4770 the top of that profile out there So I hope that that helps you out and we'll certainly know more tomorrow The next request comes in from Nicholas Nicholas A writes in Nicholas. Thanks for writing in a request boeing out there. Good morning, steve Would you please go over boeing possibly reaching the 229 to 233 level out here? Thanks for your comments. Have a great day. So we take a look at boeing boeing is actually taking out a td9 Count top that formed on july the 12th. In fact, that top is going to create It looks like it should create at least a small a to b equal cd to the upside Looks like there might be a large one and another td. So there's two td9 count tops that boeing is taking out today The first one was the one from june 12th. Was that june 12? Uh, june the 12th Yep, and the second one was the one from july the 12th out there No What I want to do here because we've got a to b equal cd patterns is move over to the black background church on a Monthly basis the next price target. Assuming that price closed about 221 33 on monday would be up at the 241 80 level You were asking about 229 to 233 I would say 241 80 would more likely be the target. So let's go move back. Let me do that here now Let's change the screens Change windows I mean a moment. Let's get over there. Perfect. Now. Let's pull up the charts for boeing b a Let's open up the daily time frame. Let's get rid of that a to b equal cd pattern So this we had a consolidation that was going on here. Come on. What's the heck is going on? Okay, let's try doing this Okay So wow Let me let's go. I want to look at the weekly chart Right. So when I want to look at a to b equal cd patterns when I come to a daily and it starts getting a bit confusing That I like to go to the weekly charts out here. So On a weekly basis, but we're going to put in an a to b equal cd pattern Let's see if we get a decent enough retracement out here. So the a point I'd start all the way down here on September 26th That runs into a high on the uh, February 13th And the low looks like that took place all the way down here on march of 13th the 28 percent retracement Boy, that's just hard for steve to say that was enough retracement for this to be an a to b Equal cd pattern instead. I think we're looking at is this consolidation to 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? 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That's what I see when I take a look at Boeing Nicholas. I hope that that helps you out Next request was to take a look at the junior nugget. Did I get that one up on the screen? No, we did not But let's go put that one up for jnu g and that was for first station. I believe let me see here And first station writes in joe says good morning, steve. Can you please take a look at junior nugget? I'm in it in the long position. Where do you see the next time the next few days looking for a short-term hold? I think you should be looking for a long-term hold But you got to do what you've got to do out there with regard to the junior nugget All right now what it's doing on a daily time frame. Make sure I'm on open not on the right screen. Let's get that settled here Junior nugget momentarily What we'll see here is it is trading between a profile. So formed a nice roadsman to indicator bottom Does that back on june 29th makes an a to b equal cd to the upside No bearish reversal candle and all price does is pull back to test support And sport was the bottom of the profile in that oscillator and change line Now you've got resistance that it's taken on and that's at the center of the profile both buyers and sellers are 36 87 A price can close above 36 87 should get us back up to 38 50 Above 38 50 we should then go tackle the swing point from july 18th. That did volume of 1.7 million shares You'd love to see price moving into that with more than 1.7 Of course they close above that would then set up a new a to b equal cd to the upside The weekly chart out here shows a consolidation with inside profiles. Wow, that's the end of the show Stevie wasn't paying attention to clock, but I did get through all the requests out there folks day two for some great programming I'll be back with it tomorrow on terrific thursday. Please have a wonderful wednesday. Take care. Be safe