 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes, toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the November 18th, the magical Monday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary day. And the easiest way to do that is to always remember that life is happening before us, not to us. That's right. When you and I make that one little two-by-four shift, that means we can find the gift in every set of circumstances 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're going to go figure out what those walls and bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but much more important than that. During the next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. But if you can't dial in, we've got you covered there, too. You can let those fingers do the walking. You can send me an email, steve at tfn.com. Of course, if you're in the Tiger's Den, any ping will do. So let's go ahead and get this show started on Magical Monday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now, we've got the markets that are a bit mixed out here. You've got the Dow and the semis that are trading up slightly. The semis are up five points, about a quarter of a percent. The Dow is up 16 points. That's less than one-tenth of a percent. To the upside, the S&P is basically flat. The NDX, we'd say the same thing. The Russell is off a quarter of a percentage, down about $4. So a mixed bag. Gold is up $4. Ran into resistance at the top of its daily profile. That's $14.74. I'm sure we'll go ahead and take a look at that. You've got silver is up seven pennies. Light's recouped as back a buck. Treasury bonds are up a half a point. Right now, they're trading out at $158. In 24, 30 seconds. That's the 30-year lead in the charge to the upside. We've got corona therapeutics up $55, 311 percent. That's a good day. Chipotle up $16 or 2 percent. CoStar Group $13, 2 percent. Equinix up eight, one-and-a-half percent. ABMD is the leader to the downside. $28 in change. Capit microelectronics is up $20. That's 13 percent. Mercado Libre $15 to the downside. So plenty to look at, but we're going to begin looking at the ESPN with Jeff in Dallas. Jeff, thanks for calling. Thanks for holding. How are you doing today? I'm doing well, Steve. How are you? Very good. Thanks so much for asking. So tell me, what are you looking at in the ESPN? How can we help you? Yeah, I'm just looking at the weekly chart here. You've got a nice turn-link touch resistance. Okay. And looking maybe to do a vertical call credit spread out to maybe Friday around this start price to $25. And so you're looking at just so I can try to do the same thing that you're doing. But you're going to look at some type of call spread through Friday, and you're going to base it on what's going on on a weekly timeframe chart. Yeah, that's correct. Okay. And so where is it you're targeting that the ESPN would get to then? $25. The ESPN? Yeah. We're looking for this to trade down to $30.25? Yeah, $30.25, yeah. $30.25. I'm sorry, $31.25. Excuse me. $31, up to $31.25. Yeah. So another six points. So if you're asking me, will this trade up another seven points or so? And I won't look at the weekly chart right now. Here's what I think you're up against when we take a look at the ESPN mini. And that's the following. I'm just looking at the daily timeframe chart. So today is going to be day nine of a TD setup nine count pattern. These don't always work out here. But when you do see the ESPN or any instrument get into bar eight or nine out there, what it should do is it should be a vote of caution that this could be a top. Now, in this case here, if this pattern were to work, Jeff, the top would occur on either bars eight, nine or the bar following nine. Well, today's going to be bar nine. So a slightly higher high could take place tomorrow. Again, the pattern does not always work out there, but it works enough that you should be cautious. At least you'd prefer not to be entering into a long trade when on a daily chart or any daily chart, more so than the weekly chart out there is getting into that bar. So that's a bit of a word of caution out there. If this doesn't call a top, and I can't tell you by Friday where the ESPN would be, but longer term. And again, I don't know the data on this, Jeff, but 3173 would not be out of the question. There's no real resistance. If I look at the TAS market profiles as an example, and I have the daily TAS market profiles up here for the ESMini and prices trading above it. So there's no resistance there. The only resistance that I could probably find for you in the ESMini would be taking a look at its horizontal trading ranges. The horizontal trading ranges are established either on, and I have these both here for the daily, weekly, and the monthly. The daily are the blue lines, the weekly are the green lines, and the monthly are the red lines. This happens to be a monthly timeframe chart that we're looking at. But this would say about 3148 is the next resistance level on the daily timeframe. So you're dealing with a potential topping pattern on the ES, a TD setup nine count. It's going to confirm today, unless something really horrible happens from a price standpoint to the downside. And this would say the upside is about 3148 at the moment. So those are what I'm seeing when I take a look at the... These are the patterns that I'm looking at when I take a look at the ESMini. So with that information, what questions would that pose for you that I can try to re-answer for that? No, I think that's very helpful because I think if I'm wrong in this area, then I could move the vertical call spread higher and do it up around the 48 level if it gets up there. Okay, so here's one of the things I would watch for, and this is on the shorter-term timeframe. So this is the 30-minute timeframe chart. But at about exactly 4 o'clock this morning, what the ESMini did for a 30-minute timeframe was generated a topping signal, a topping pattern, the road's momentum indicator top. And then I'm not sure what took price down lower at 8.30 this morning, but price did break through a key level of support. That was the bottom of its 30-minute profile out there. And in that move lower, what we've seen here, Jeff, is a countertrend rally right up to a resistance level. It's called Stevie's Green Line, or the real name is the oscillator on change line. So price right now is up at a resistance area out here. Maybe this is going to form some type of A to B equal CD pattern to the downside. Maybe price is going to move down to 30.97 and find some support. But right now there is a short-term signal here that says that price may still want to move a bit lower. And I've got a similar pattern coming from a five-hour timeframe chart out there. So I've got one from a short-term. I've got one from a five-hour, which I'll consider a bit longer. That was the TD setup eight-count pattern. You and I took a look at that for the daily timeframe. So I don't know how much more upside there is in the ES. We need to see what happens over the course the next couple of days out here. Okay? Okay. Yeah. Sounds great. Appreciate the info. NewPet, thanks so much for calling. That was Jeff in Dallas, Texas. Seabroach with TFNN. I'd love to hear from you as well. Phone lines are open. Email is open. Pings in the den are open. We'll be right back. We'll be right back. Hey, guys. Howdy, howdy. This is Jeff in Dallas, Texas. Thanks for coming. Thank you to you. And thanks to everybody who is just joining us here. You're going to find all our subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the TAS Profile Scanner under the Services tab. Sign up today. 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 727-329-8322 or email us at tiger at tfnn.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFN shows plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. All now toll free at 1-877-927-6648 internationally at 727-873-7618. We go to our first request by email. This one coming in from Max. Max writes in, he says, looking to go long. ACB, ACB is Aurora Cannabis. You're looking at the three different timeframe charts daily, weekly and monthly on our screen right now. And Max goes on to say, looking to go long Aurora Cannabis, you gave us 237 as a target low, maybe 167 as well. The 237 level was met today. Is it a go? Is the question mark. So the area is, I believe that, let's go take a look at a weekly. First, here's what we know. Price is below daily, weekly and monthly profiles. And as we speak right now, Max is below the monthly level, 267. So there was a 267 price point I probably provided as well. Here on a weekly timeframe, let me see if this is where the 237, no, I got 229 out here, maybe 23, we'll put a look at the monthly timeframe chart. But 229 is a, and if you're, folks, if you're asking what was that level that we had given to Max out here, or that I would give you right now, 229 is the breakout area on a weekly basis that formed back on November 3rd or the week of November 3rd, 2017. And that is a support area. The question is, or what we'd like to see when things are occurring at a support area. Well, first, you like to see it hold. Week's not over. That's a weekly level out there, Max. It's only Monday. We need to know what the end of the week looks like in order to go ahead and say that that would be a buy unless you and I could find some type of buying signal pattern on a daily timeframe chart, which isn't there, but we'll go back and we'll take a look at that. So yes, prices come back into a, or is coming back into a breakout area of 229. That's the weekly level. But if it closes below that, it says it wants lower price, where it would be the next lower price on the weekly level, 32 cents. And don't think that it can't happen as we, as the chart speak right now, it's totally in play. That's what we take a look at the weekly timeframe. Let me pull over the, give me a moment here. Let me pull over the monthly timeframe. We'll also eventually get to the daily for Aurora cannabis. And I got to believe if it's like this chart is like this for Aurora cannabis, it's like this for the entire pot sector out there. Don't quote me on that. But the monthly timeframe here, Max, says wait for a buck 60. Here you've got the roads momentum indicator top. This is going to be month number five of a TD nine count. We don't know if it will actually get to form a TD nine count, but the breakout level here is a buck 60. So now we've got to go take a look at the daily timeframe. We know that prices trading below support with regard to its profile levels out there daily, weekly and monthly. If we go take a look at what is it doing today that price move lower today gets the buzzer of nastiness because the move lower is with relative strength to the downside through last week on Friday and Thursday when we were looking at this price was stretching with less relative energy, but it found its gusto today. And today's going to be bar number six of a TD set up nine count. Maybe it works on bar number nine. So Max, you know, let's come and take a look at this today six, seven, eight, nine. So it's be Thursday, Friday, likely. And you're going to first need to see some type of bullish reversal candle out here. You probably need to see a close up of Stevie's red line on the daily basis. That's currently a 303, but forget about the 303 level out there. Any do at least see the bulls show up and suggest to you that they're going to try to to flex their muscle. And right now when it comes to Aurora cannabis, there's nothing but sellers around and very few people that are in the money. So Max, I say keep your eye on it. Look for some type of bullish reversal candle. And when you see that call the doctor, the doctor of love. Let's go to our next question out there. No idea where that came from, but it just sounded good. Maybe not to you, but HD writes in and he says, Hey, Steve, thought about going along XRT. So let's go take a look at XRT out here. See what that is. See that's an ETF. Is it? Yeah. So that is the spider S&P retail ETF out here. So let me get it going on my other screens, continue writing the question. So thought about going along XRT thinking support is about 44 bucks. And would you take a look at and comment, please? Okay, so here's what we know right now. Price is trading with insets consolidating with inside its day bullish structured daily profile. You said $44, $44 12 is definitely support. This is a bullish structured profile. A resistance is at 45 15. So you're more than halfway through your through this profile. And we don't know if 45 15 is going to provide us with the resistance or not. We're going to go look at the daily timeframe, see if there's any kind of topping signals that occurred on the most recent high out there. The weekly profiles prices trading above those. So that's bullish. And from a monthly standpoint HD prices sitting right at the bottom of its profile. So that was old support, which right now is resistance. The price point it's trading at is $44.75. The bottom of the box is $44.75. Yikes. So, so now what do we do? Now what do you do? Do you enter a long trade here? Because that's what you're thinking of doing. You know, you would certainly feel better if price was above 44 74, but really above 45 15, the top of that daily profile. Now let's bring over the daily timeframe chart, see if there's any type of topping signal out here. And, you know, we see an A to B equal CD pattern that looks like this. Let's go ahead and draw this in just to kind of get a target out here. And so the target for that A to B equal CD to the upside could take you to $46.94, but we can't give you that go ahead until we see price close through resistance. So the better and it's in wave number six. That's letter F. So if it does take out that prior high, it would be entering wave number seven. That'd be letter G. Just a caution sign out there. So look your better place to go ahead and buy XRT would be another test of that bullish support level of 44 12 out here, at least better with regard to being down at support. So I think you've got the support area nailed right now because you're close to resistance area out here. It'd be hard on a from the daily chart for me to give you the go ahead. The weekly chart doesn't have any kind of topping signal. And the monthly we know it's dealing with the bottom of its profile out there. So that's my take on what the charts are communicating to you. Again, I think in summer, you've got the bottom or support nailed and that's where I'd be a buyer not here at 44 74. Let's go to Glenn, who's calling from Boston and in his car. Keep your eyes on the road and Glenn, tell me what you're what you're looking for in the health care sector XLV. Hi Steve. I want to pass subscriber to some of your newsletters and thanks. Hi there, sir. And I remember the way how you present some of your ETFs. You have both like a short term, medium and long term. And I wanted to see what your feeling was on the health care sector in the short term XLV victory. So are you are you in the health care sector itself the XLV or what are you are you looking to get and just give me a little bit more feel for what you need and then I'll give it to you. Last week, Friday, I always like to I always like to be a contrarian, Steve, on the news. Okay, but not but not on chart reading hold hold the hold the contrarian hold the contrarian view just for a moment. We're about to go to a hard break. We come back. We'll let you give that additional information and I'll I'll help you as best I can on the health care sector ticker symbol XLV to be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. 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We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts today by visiting TFNN.com Welcome back up folks. We're on the line with Glenn in Boston. We're taking a look at or we're talking about XLV. So Glenn, you were saying that on Friday before we had to go to break on Friday you're a contrarian as it relates to news but not necessarily stock charting but I didn't I didn't know how that tied into Friday. So Glenn, you're on the line with Glenn in Boston. We're taking a look at or we're talking about XLV. So Glenn, I didn't know how that tied into Friday. So go ahead and continue. So you can assist me so I can figure out how to best provide the information you're looking for. Oh, yes. Yes, Steve. So I'm looking for your and your newsletter. It's normally weekly outlook on XLV. Okay. On Friday, I believe it was like late morning there was news all over like the Bloomberg radio that Elizabeth Warren had dropped some aggressive Medicare or that's just a major reaction to news and so I want to go the opposite. Okay. Okay. All right. So good. So that's very helpful. Thanks for explaining that to us and by doing that I'm sure that the same thoughts that were going on through your mind are going through other listeners minds as well. So here's what we can say. Now the cool thing about technical analysis at least at this stage of the game I'm not familiar with a software package that when you highlight the bar it tells you and I what actually took place that day. So in your mind you know it took place on Friday but you're doing technical analysis we're kind of agnostic to it, right? We just take a look at each day's bars look for patterns to help us understand what's going on. But one thing I do want to point out to you and you'll be able to watch this if you go back and watch the archive on Target TV later on when you're down on the road out there and that's the following. First this chart that I have up on my screen takes a look at the S&P 500 in each of its sectors and what it also does is it takes a look at the global flow of capital meaning I'm looking at how each of these sectors are also trading in relationship to euros, yen and pounds. So we can take a look at the S&P 500 in this case here via the SPI and see how it's trading in dollars and what I've done is we're taking a look going back 32 days 32 days ago was October the third and on October the third the markets made their most recent bottom and when a market makes a top or a bottom what I like to do is I like to go back and understand where is the flow of capital moving into is it being trading any one instrument out here and lo and behold within the sectors of the S&P 500 Glenn the XLV the health care sector is up by 10.5% the XLK is up 11.75 and what that really does for the health care sector it puts it in the number two slot so you do have a decent amount of money that is pouring in here and that's really what you want to understand right if you're going to be a seller of this health care sector you'd really like to sell and you'd like to see that that pop that took place out there you know it was their money pouring in across the globe where is it adding relationship to the most recent bottom that formed out there and so the order would be XLK XLV then behind that would be the XLF so there's the three top sectors out there then you've got the industrial sector where money was pouring into now not to say that your inclination is wrong I am definitely not saying that and what I mean by that Glenn and for everybody else that's out there if you were looking for a topping signal or potential topping signal in any instrument one of them that you would like to see and look at out here would be wave number seven in fact I believe that Basil Chapman is doing a workshop Wednesday tomorrow Wednesday sometime this week out here and if you haven't taken one of his workshops you should one of the one of the tools that I borrow from Basil is wave number seven that's letter G and that's what it is in right now now it hasn't confirmed letter G and what I mean by that tomorrow could be a higher high than today and if so that wave letter just continues to expand so you need to see a lower high before that pattern would actually complete if you did take a short anything if it took it today you're going to need to see price close below Stevie's green line out there and that's 9595 so any pullback Glenn to the 9595 level would be nothing more than a test of support on top of that at 95 67 is the top of the daily profile so that's old resistance which could become new support so at this stage here if you took the short you're at 97 22 right now and you need to know that at 9567 to 9595 you've got some very strong support that might be a place where you would even need to exit or certainly tighten up your stop if you were to take that trade so so right now there's a potential for a topping signal that's looking at the daily time frame chart I know you've mentioned the weekly so I'm going to put the weekly up here and but but the daily seems to so your inclination that hey you'd like to actually sell into this can make sense to your can make sense to me with the fact that the healthcare sector is in wave number seven it's strong though with regard to dollar flow into the market so that says you know gotta be careful out here the weekly time frame is in wave number six or letter F out there and and I don't see any other topping signals boy for it to get down just to test support that would be a price point of 9395 out there would have been nice for you to get the weekly and the daily and wave number seven though well you don't always get what you want but I don't see I don't see anything bearish on the when I take a look at the weekly time frame chart for the healthcare sector is any of that help you out yeah sure I'm I know trees don't grow to heaven and normally even from normally when you hear news to try and get people in it's normally at the top and then smart money leads so at 10.5% increase in the last 30 odd days as you you're saying that's a nice strong run and it's gonna end soon and I'm just trying to get your feel as to a risk-reward relationship okay so the risk the risk is that the risk on an XLV is that it's above these real key levels of support which even a pullback price still may find support at those areas out there you know and you're exactly right you know markets will not continue any market will not continue to just go higher indefinitely but usually the sign that an attempt to push price lower will be some type of bearish reversal candle not always but the majority of the time that's what you'll see and that's what's missing from this picture here in fact we have not seen that's good enough for me I'll wait for that bearish candle okay okay that's what that's what that's what that's what you should do well then thanks so much for calling I appreciate it we're about to go to the next heartbreak and best of luck with that trade keep your eyes on the road and we'll look forward to speaking to you again see you next time I think we're going to take a look at the IYR for Mike and Phoenix who couldn't stay on the line but we'll take a look at the IYR next up the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four year CD rate of 3.1% would give you income of 1550 per year $6,200 over the four year period that same $50,000 investment in the target first mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you would like more information about the target first mortgage program you can call me at 877-518-9190 that's 877-518-9190 tfnn newsletters are informative up to date affordable and must have for every trader 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we got that just like glenn and i were talking about waiting for a bearish reversal candle at least for a potential top inside the health care sector this pattern completed with a bullish reversal candle it's the reason why we say hey look for some type of look for the cavalry either side of the cavalry out there and that's what you got was that bull sash candle on November the fourth the reason it's a gartly was because there was a nice move from lower left to upper right and then you just simply say okay I missed that so where's the next buy point you look at the A to B equal CD pattern the way that that completes you look for the bullish reversal candle around the 1 to 1 area maybe 1 to 1.272 1 to 1.618 whatever it is since then we've had 1 2 3 4 bars up 4 days up in a row the daily chart now so gartly bi patterns out here typically result in 5 different outcomes those outcomes being the first one being the 0.382 retracement so let's go take a look this will expand the map up here and when I say retracement I'm referring to the entire A to B equal CD pattern so that's from the high out here on October 22 to the low on November the 12 we can see that price on Friday closed right at the 0.382 level that was 92.69 but it was also above the top of the daily profile so it got to its first level in doing so past a key level of resistance that was 92.41 it's continued to move higher today I would say Mike that the next target is 93.95 it's at 93.47 that's the 0.618 retracement level it may be that that's where it stops it doesn't have to it can move all the way up to 0.786 that would be outcome number 3 that would be 94.85 outcome number 4 is a 100% move of a move that's 96 bucks and outcome number 5 is that this whole thing turns into a new A to B equal CD pattern to the upside let's not take a look at that let's just say that the next level is 93.95 now when we take a look at the weekly time frame chart although the week just began it's dealing with resistance 93.47 that's the top of the weekly profile prices at 93.47 out there so yes you've got 5 different potential outcomes but we can't ignore other resistance there's no resistance here on the monthly time frame well so to speak we'll go take a look at that too so with regard to the weekly time frame this the weekly time frame says okay if this is nothing more than a counter trend rally then it's not going to get much higher than where it's trading right now now interestingly enough if we come back to the lows this is the real estate sector the lows of December in 2018 and we use our Chapman wave counts to identify well when it made the high out here and the high in the IYR was the week of October 25th this happens to be with wave number 7 that's letter G you kind of get I don't recall what instrument we were taking a look at it might have been the XLV and that it is in wave number 7 or maybe it was the E I can't recall what it was that we were looking at but we got to wave number 7 we said look just this is a caution sign of a top or a bottom and right now in the weekly base the IYR is saying okay Steve I understand your girly by pattern but now I'm going to stop price dead in its tracks at resistance well at this stage of the game that resistance level is 93 47 so that's saying okay you wouldn't want to enter a long trade right now definitely the long trade to be entered would have been by the close of November 13th of the open on November 14th out there the monthly time frame shows us that it completed a TD set up nine count top last month now when price was making that Gartley by pattern what price was also doing it was testing Stevie's green line on the monthly chart that was support it's currently 90 47 out there so the monthly says I've got a topping signal in place yeah I push price down to support but I'm not certain that that means that I'm not going to push through support the weekly says hey I've got a topping signal to and this has just been a counter trend rally up to resistance and the daily's got to wait to take its cue from the monthly right now so Mike I hope that helps you out with regard to the IYR if you're looking to go long today's not the day to do it in fact I'd say you probably can't do it well you can do it anytime you want but you've got to be careful because of the intermediate and longer term time frame signal that is out there so best of luck with that trade LB wants me to I think I've updated him on he was interested in two symbols ACB we already did that or cannabis and UNG so if we take a look at UNG really all we need to do for LB is take a look at natural gas and that's what we're going to do we're just simply going to take a look at the daily contract that's December that's what makes up the UNG and at this stage here I think that natural gas regardless of how cold it is outside and folks let me tell you something I live in Delray Beach and it almost seems like it's snowing now I know if you look at the weather you're going to say I don't know what is it maybe it's up to 70 degrees now it was in the 50s this morning the 50s global warming global warming are you kidding me it's only October 17th it's really cold for being down here but even with this cold weather here LB it still looks to me chart pattern wise this completes a sell the D point the A to B CD pattern it completes a TD set up nine count both of those good topping signals since then prices move lower prices trading below the D to B's green line out there which is at 269 for this contract and this suggests that price may pull back to $2.41 out there so I don't see I know you want a bottom fish I don't see the bottom fishing yet inside of natural gas out there so just to keep the bait off of the hook so to speak for the time being out there the next question that came in coming in from Edith and it says hey thank you for your show well you're welcome thank you for making it a show and listening I'd like to enter Tiva TV so let's go take a look at that I believe that is a biopharma company out here Tiva pharmaceuticals trading up nicely up at $10.39 right now it is above its daily its weekly profiles out there and maybe dealing with the top of its monthly which is a good entry out there but let's finish right a reading Edith's question out here so I'd like to enter Tiva can you please advise what price will be a good a good entry point to lower the risk of losses and how far it could go well the only thing that's going to read to to provide you with a lower risk of a loss is position sizing we'll just well we don't have a lot of time to discuss that here's the deal you're looking for an entry price on Tiva pharmaceuticals out here and you'd have to play this from a momentum play to the upside it's going to be day number 8 of a TD set of 9 count maybe this is going to identify a TD set of 9 count and then pull back into about 9.52 so 9.52 would be one possible place to enter we come back from this break during the break I'll look at this a little bit further for you to see if there's anything else that I can come up with Steve Rhodes with TFNN you're right back Basil Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter the opening call which will be taking place Tuesday November 19th from 5 till 6 30 p.m. eastern time titled a comprehensive review of the Chapman wave techniques and market outlook ahead for 2020 this is a great time to sign up for a 30 day free trial to the opening call while gaining access to Basil's live subscriber event taking place later this month with some stock picks up 15 to 30% this year alone Basil will review many of the Chapman wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into 2020 for all the details check out the opening call on the front page of TFNN.com if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above $1500 and the 10 year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the trades and how gold mining equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the XAU, HUI, GDX the dollar as well as more than 30 different mining equities as of September 3rd gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting TFNN.com you know what's cool taking something that's good for you something specifically formulated to help with 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entry price now Edith when I took a look at the weekly and the monthly chart I was looking at the Tiva Pharmaceuticals ticker symbol TEVA I took a look at the weekly and the monthly chart they show really nice roads indicator bottom patterns out there so I think you're playing in the right sandbox out here now the monthly chart is prices pushing up in resistance 10.53 so another 20 cents higher from from where it is and with the daily chart being in day number eight of a potential TD set up nine count now the last two bottoms completed with TD set up nine count bottoms out here and maybe this is going to give you a little bit of a topping pattern in order to be able to buy the pullback where is that and if it does again we gave you entry prices of around 9.52 out there we'd have to really see if this pull as this should this pullback what other patterns may be underway so I think you're in the right spot I would just hold off knowing that the monthly's at resistance and the daily has a topping signal so best of luck there the last question that comes in is from John in the den says basically the rally that began around October 3rd through today do I suspect this is a rally to form an important top or we'll just simply continue to motor on higher John I wish I had the answer to that question the only way for me to answer it is as follows and that is just recognizing that there are potential topping signals in play when I take a look at the ES mini right now we look at the same thing in the S&P 500 today in the ES mini we've got bar number 9 of a TD set up 9 count perhaps we'll know over the coming days there's still an A to B equal CD to the upside until we see some type of bearish reversal candle form price may want to continue to simply move higher October 3rd was a key bottom out here that may have been the seasonal bottom John well not may have that was the seasonal bottom the bottom that we look for in the autumn timeframe out there that does not mean we do not form a top and there are topping patterns that are present but nothing that has been confirmed just yet until we see support broken price will just simply continue to edge its way higher folks thanks so much for being here stay tuned David whites up next Tom will grind after that and I'll see you on terrific Tuesday have a magnificent marvelous Monday