 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the August 24th, the terrific Thursday 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. Let's make sure we have an extraordinary one. Now, the easiest way to do that, well, it's 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, well, it 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'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I am here to serve you. So feel free to pick up that phone. We'd love to hear from you. 877-927-6648. That's the number you call in on. Now, if you've got a question but you can't call in, you can always send me an email. Send that up 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 Den, well, then any and every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We've got a sea of red out there. All the U.S. industries trading in the downside. The biggest move is a 2% move in the semis. They're trading down 72 points. The Dow is off 126.4 tents. 6 tents were sent for the S&P or 26 points, 184 for the Nasdaq 100. Gold is up 90 cents with silver being down 9. Penny's lights recruiters off 29 cents. Natural gas is up 7. 30 Treasuries down 5. Ticks tradeout at 120.02. Lady the charge dollar wise. The upside it is Splunk. SPLK, it's up 13%. 13 bucks. One and a half percent move for Equinix. That's a $7.11 move there. Bin fast auto up 8 bucks or 20%. Autodesk of 7 bucks, 3%. And a gas ink of $5. That's a nice 28% move to the downside. Asimil holdings down 3.6%, 25 bucks. Netflix off 18, super micro computer. 6% move, $17 Rooney's. Monolithic power system, 16 bucks, 3%. $15 for Brilliance and stores, nearly 9%. Plus percent out there. So let's go take a look at what you want to look at. I don't know what you want to look at, but we're going to go take a look at. Let's do like we have been lately. Let's start taking a look at where we at Market Breath. Let's look at the 30 minute Market Breath signals here. We are taking a look at the S&P 500. 56 above, 309 below. Very negative Market Breath for the 30 minute time frame. We'll just park that. And as we take a look at intraday charts, we'll want to remember that. In the case of the NASDAQ, four above, 78 below. So this is really, now that's to an extreme level out there. Typically you get to those extremes. We see some kind of snapback, but what we know about the 30 minute time frame, it is bearish across the board, ES mini and S&P. Different story when we take a look at a 60 minute time frame, bullish for the 60, bullish for the 240, bearish for the daily and weekly inside the S&P 500. What's that say? Choppy markets. What have we seen so far today? Pretty choppy market. So that condition should remain. If we take a look at the NDX100, bearish on the 30, bullish on the 60, the 240, the daily, and so close on the weekly. When I say so close on the weekly, 27 above, 28 below. So it's basically got one instrument that can get back above the bottom of its daily profile or another instrument to trade above the top of its daily profile. And then you'd be bullish across the board for the NQ out there. So Stevie likes to say something to think about. Well, instead of thinking about it, let's go take a look at it. Let's try to figure out what's really going on out here. And let's do that by taking a look at the change panels here. And let's start by looking at the NQ. Since that one has only a bearish crossover in the 30-minute timeframe, at least at this moment in time. Let's go take a look at its 30-minute chart out here. See if there's any kind of signals whatsoever. So as we take a look at the 30-minute timeframe chart, we'll see this top last night about 4.30. The actual confirming signal came through at 4 o'clock. I take that back to 4 o'clock. We had a confirmed top inside the NQ. That was at Rhodes Momentum Indicator Top. What's transpired was we opened up the market here at 9.30. We crushed through its breakout level of support. Its breakout area of support is $14,957. We're in bar number seven. So ideally, what price we'll do is we'll get down towards that $14,957 level and form a TD-9 count bottom. The earliest that that could happen is a 30-minute timeframe chart. So we're at bar number seven at noon. We've got bar number eight. So between noon and one is what I'd be looking for in the 30-minute timeframe for the NQ to see if it has completed a TD-9 count bottom pattern and preferably near that 14, where was that, where the 30-minute chart go? Sorry. 14,957 area is a place to look. As I look at the other intraday charts out here, 10-minute negated a TD-9 count bottom. So that suggests that push-low. Well, the 60-minute is going to complete a TD-9 count bottom at noon. So that's interesting. We should have bar number eight. Likely to have bar number eight. Well, I don't know if we will or we won't under 30 minutes. So watch the 30 and the 60 for signals out here. Is there anything else that Stevie sees? Look, we had tops all across the board that came in, you know, in that this morning, whether it's the five-hour chart, the four-hour chart, the two-hour chart out here. And so now we're watching as these other areas of support. But I would say in the NQ, paying attention to 30, well, to pay 10, 15, 30, and 60-minute charts are those intraday charts that I would be focused on. Let's go see what the ES mini has to offer us. See what, if it's giving us any kind. Oh, she's need to put in the month on the contract. Otherwise, we get blank stuff. Now I've got to wait for this to populate. Okay. So, okay, let's see if we can get this going here. Sorry about that, folks. Are we going? September? Nope, that's not going to work. Here we go. Okay. So in a moment, we'll get the ES mini charts. Want to see if there's any kind of synergy here in the 60-minute and the 30-minute specifically. See if there's any kind of bottom signals. If a market is going to form some kind of bottom, you prefer to see it taking place on all of those intraday charts for the equity futures for that same timeframe. Do we always get that? We do not. But when we do get it, that's a nice thing. So now as these charts here populate, we're just looking to see where we're at stage-wise. No, we're not even near a TD-9 count bottom on a 60-minute ES, but the 30-minute. So the 30-minute is we're in bar number seven, much like we were on the NQ. We know that it is bearish from a TAS market profile standpoint. So odds favorite getting back to that 440275 level out there. So pay attention to the 60-minute and the 30-minute on the NQ and the ES pay attention to the 30-minute chart out there. What happens if 440275 fails? You've got support down at 439950 as well. That's coming from the two-hour timeframe chart. So that's what's going on. We take a look at the ES and we take a look at the NQ. As long as we're here, let's go take a look at what's going on inside that US dollar index. As we mentioned, prices trying to break above the US dollar, that is, trying to break above the top of its TD-9 count pattern. Now that TD-9 count pattern would be negated with a close above 103.62. We're trading right now 103.66, although I do have a 10-minute delay. These are the three currency pairs that make up the 80% or the majority of the US dollar index. The euro completed a TD-9 count bottom yesterday. Now if price closes below that low, that low, folks, is 1.0802. That's going to suggest a further move lower and that will make the US dollar index continue to move higher. Steve Rhodes with TFNN. We'll be right back. 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For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on 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. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability, and you'll receive access to 7 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. Welcome back, folks. You've got all the U.S. equity markets trading to the downside. You've got the Dow that's trading off about 131 points, S&Ps down 24, NASDAQ 100 down 178. Jesus, I put the wrong thing up here. Let me change this. Sorry about that. Just give me a moment. And what I'm going to do here is, there's a question that came in, and even though an essence already covered it, the charts will really kind of make the point. And so, if you give me just a moment here, let me get this template set up properly. So, let me get my 30-minute. What did I hear? Where's it all 30? All 30. There we go. Okay. So, there was a question that came in inside the tiger's den. I think it came in from Roger, maybe. Roger, I think, was asking. He was asking about inter-day levels in the spy, which I've got over here on the left-hand side. Let me make sure I'm on the right screen. Yeah, I am. Okay. So, two 30-minute charts out here. The one's the spy, the other is the ES-mini. And as you were listening to me go through the markets, the ES and the NQ, what I was suggesting is that, we may get a 30-minute. Because of market breadth, we may get a 30-minute TD9 count bottom. You can see we're in bar number seven. Now, here we've got the spy over there. If I was going to use TD9 counts on the spy, not that they're not valid, but we've got an underlying instrument here that's really going to provide us with the information that we need, and that's the ES-mini chart. So, if you are trading the spies intraday, I'm not saying you need to trade the futures. What I'm saying is you must get access to the futures to take a look at the patterns that are going on there. You will improve your trading if you do that. The whole idea of using the futures contracts, because when you listen to this show, it's really all about patterns. It's either going to be a TD9 count, rogment to indicator top, an A to B equal CD pattern. Might be wave number seven, like letter G, that you can see up at the top in the spies out there. But when that letter G took place out here inside the spy, let's take a look at what was that time? That was at the close yesterday. That was at 10th. It was at 10.30 this morning out here. But we already had a TD9 count top that form inside the equity futures. That was never really touched out there, so it was really giving you the signal. So, what you want to do, Roger, you ask for the information in the spy, which says that you've got TD9 count, breakout support at 439.10, and profile support at 439.61. But no bottoming signal. I mean, you're only in bar number three right here. So, focus and pay attention to what's going on inside the equity futures contract. That's what you really want to take your signals from. And then you can go ahead and execute the long trade inside the spy or whatever other instrument it is that you might trade for that. So, I do hope that that helps you. I just wanted to kind of show you that, if you hear me say that oftentimes, somebody will say, hey, let's go take a look at the UNG. And absolutely, let's take a look at the UNG. Nobody's asked that question. Let's go do that. But in order to take a look at the UNG, what is DB really going to do? We're not going to look at the UNG. We're going to take a look at natural gas. So, let's put the natural gas charts up on our screen. What do we know about natural gas in the rally that took place out here? Well, the first thing we know, if we take a look at the 60 and the 120-minute timeframe chart, we can understand right into TD9 count breakdown resistance at $2.67. So, is natural gas proving itself to us at this stage here? No. Heck no. All it's proven itself to us is, one, that it rejected a prior swing plan on the daily timeframe, and two, that we're rallied into is resistance. We take a look at that hourly in that two-hour timeframe chart. Didn't get up to on the 240, didn't get up for any kind of resistance up on the 240, or the five-hour timeframe chart. So, natural gas has been a very frustrating instrument to trade out here. When we do take a look at the daily timeframe, it's very possible today we'll form possible, today we'll form bar number 8 of a TD9 count. In order to do that, price must close below $2.69, $2.691, but it's tomorrow's close that's going to be even more important. Let's assume bar number 8 completes today. Well, in order for the bar number 9 to complete, and you must have a bar number 9 completion, price is going to need to close below $2.743. So, you want to watch that. Now, even if we get that TD9 count bottom, what we also have to remember here, when we take a look at natural gas, is one, price is below its red oscillator and change lines. We have a falling price oscillator below zero, those are bearish conditions. Number two, price is trading below its bullish structure daily profile. That says now, that the level of resistance on a counter trend move, in order for this to prove itself that it's not a counter trend move, price must close above the center of that profile. At the present time, that's $2.83. Of course, profiles change. They could change tomorrow, and then we have a new set of data. But that's not the data that we've got right now. The data that we've got right now says $2.83 is a very key level of resistance. If price can close above that, then maybe we've got something out there. Of course, we need to see two consecutive closes above resistance. That would be the top of that profile as well, at $2.99. We would not get those same signals if I put up the UNG charts. But we would trade UNG based on what we see here. So what can we say about natural gas? Yeah, it was a nice little rally, but all it did was it ran right into where the sellers were at, and that we can see on the charts there. Nothing Stevie put up here. This is just simply a part of the TD9 count system, something that you definitely want to learn about. So I hope that helped out for somebody who might be interested in natural gas. Let's go to our actual first request out here. We're coming in from Nicholas, and Nicholas wants to take a look at SEE. So let's get over to those charts here, and his question is has it bottomed? So let's pull up the charts out there. Let's see what kind of signals we get. We take a look at the daily, the weekly, and the monthly. And if I were to ask you this question, has SEE bottomed? And let me restate it. Has it bottomed for its daily timeframe? And if it has, what's the bottom pattern? But you can see it. The TD9 count bottom, that pattern completed yesterday. That says that you can take a long position inside SEE, Nicholas. You would close out that position if price closed below the TD9 count bottom. That's at 3382. So 3382 is going to be a key level. What should transpire here with regard to SEE is price should make its way up to the oscillator and change line. However, what we can see is there's a new profile that formed yesterday. And that new profile has got resistance at the 30504, I'm sorry, 30508 level, or trade at 30504. Price needs to close above 3508 in order to suggest that it's going to go ahead and make that move at least up to the oscillator and change line at about the $36 level. So the daily's got a bottom. Where would you buy this if price can't close above the top of that profile? Well, I would say instead of buying it now, right up at resistance, you'd buy it at support. And that would be around 3424, the bottom of its profile. We're looking for somewhere between 3424, 3466 out there. Now, if we take a look at SEE, this is going to be, it looks like this is going to be day number three of consecutive moves higher, closes higher, I should say. And if we take a look at this, it does sometimes rally for four or five, six sessions out there. That seems to be the max. But I see a lot of twos and threes out there. So this suggesting that if resistance holds Nicholas, that you should be able to take a long position based on the daily patterns out there, you should get a one or two-day retracement on that. I don't have anything that says that's going to start right now, but that's what I would be looking for. If I were you have price close above that, whether you know it's going to go tackle at $35.99 level. When we look at the weekly chart, we don't have a bottoming pattern. We've got a Roadsmen Dominicator signal that's been triggered, but that's a bullish reversal candle. We're not going to see that this week. On a monthly basis, what this is telling us is that it wants to head lower. It says it wants to get down to the 29-36 level. So the daily, yes, it's got a bottom. But it hasn't proven itself to you. It really can't prove itself to you until it gets about $35.98. If it does that, we could or should see it move up to the $39.78 level. So Nicholas, I hope that helps you out. We get back to this break for G-Motion. We're going to look at the semis, SMH for John C. We're going to look at the regional banking sector. And Mr. Bill wants to need overnight spy numbers. He does trade. Yeah, I know that. But I don't have the overnight data in the system. Steve Roads with TFNN. We'll be right back. TFNN has just launched their new trading room, the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den. 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We're going to go take a look at the SMH for G-Motion inside the Tigers Den. We take a look at the SMH as here's what we know. Nice move mostly because of NVIDIA and overnight hours and certainly this morning. But what we can say about the SMH is that resistance is held and the resistance is the top of its barest structured daily profile and that number is 154.24. Now price right now is trading back below its green oscillator and change line. If it closed below 151.18, the SMH will tell us that they had lost this momentum and that price might get back to retest support and support here would be 146.17. On a weekly timeframe, we have price trading with inside is profile levels. The profile levels range from 147.55 up to 161.17. On a monthly timeframe, depending on how we close the month, we could get another rogement and indicator top and a prior rogement and indicator top out there. Of course, that prior one was negated. Now, if we do get a bearish reversal candle at month's end, what price should do is get back and test its oscillator and change around 142 and change out there. Now the SMH is on a 30 minute timeframe as we dive down into it. We'll see you've got a rogement and indicator signal. We have price below profile and this would suggest that where price wants to go target is the 148.86 level. That is its breakout area on a 30 minute timeframe for the SMH's. So in summary, the SMH's and in fact, I'm going to do this here. Ignore the profile levels that you'll see. The SMH's show a clear TD9 count bottom pattern. Let's go take a look at the socks out here. Let's go take a look at the actual indices. The indices doesn't take into consideration distributions, dividends, things of that sort. So it's a more pure way of looking at what's going on. In this case here, the indices, and you'll see that in the case of the semis they negated their TD9 count bottom. So I'm going to say the SMH's, the semiconductor do not have a valid bottoming signal, a valid bottoming pattern here. And instead we can see on an index basis, prices back below its red oscillator and change line to 3580. If that's the case and it rains and closes below that today, odds favor the semis are going to make a move back to the swing point, the lower swing point, the one from the trading day of August 18th. And if it takes that out, you're going to see a gigantic A to B equal CD to the downside. Stevo, is that even possible? Well, if you look at the weekly time frame chart, it doesn't say it's possible. It says it's going to happen. Wait a minute here, Stevie. How can you say that? Well, first you've got a Rhodes-Mittemindicator top. You've got a Wave Number 7 top out there. So you've got two tops. The two tops make it better than one. No, it just makes it two tops instead of the four tops. Just kidding. What we can see is transpired now today. So that move higher in the semis got the weekly price to get up and test and reject that oscillator and change line. The key level for the semis, if they are really going to move lower, it's going to be a close below the bottom of its weekly profile. And then there's a 35, 27, 73. We closed below it last week. If we close below it on Friday tomorrow, that is what's going to go ahead and trigger the A to B equal CD to the downside. Now, price still has to take off that swing point. So even though I'm saying it should or it could, you've got to still take out that low. That low, by the way, that we're looking at is that 3405, 34 level. On a monthly time frame we could get a, or we should get bar number 8 of a TD9 count. But that still is not the high of the pattern. So that's not going to really help us. But watch the daily and watch the weekly. A little bit tricky out there. If we just stayed on the SMH charts, what we wouldn't see is that we really have no bottoming pattern inside the semiconductor index. So we're going to take our P's and Q's in this one from the indices itself out here. So watch 3580 and change out there today. You close below it. The semis are likely headed lower. So G-motion, I hope that provided with the information that you were looking for. If not, let me know and I'll be happy to try to post that. Next question coming in from John C. wants to take a look at the regional banking sector. We're taking a look at the ETF here. The ETF shows a TD-9 count bottom. It also shows that what price did was it bounced right up into resistance and that's at the 44-41 level. John, price really needs to get back inside that profile. We are now two consecutive days. This could be three consecutive days below that level. It makes, even though it's got a TD-9 count bottom, the signal is really neutralized. So it's a neutral overall signal because price ran right up into resistance and rejected that resistance area. On a weekly timeframe, regional banking sector is trading below the bottom of its weekly profile. Last week, a close blow this week suggests you have a change in trend and that change in trend should take us back at least to the oscillator and change line. That would be $41.90. If we take a look at the monthly timeframe chart out here, we don't really have much. We've got an A to B equal CD to the downside, no bullish reversal candle out here, price trading back inside its profile levels, which ran from $37.60 to $46.84. So with regard to the regional banking sector, you've got a little bit of a rally that's going on. If we take a look at the typical Texas two-step out here, you'll see that today is likely to become bar number two of consecutive moves higher. Very likely, the regional banking sector heads lower tomorrow or it heads lower on Monday. Not too likely that this will exceed a three-bar continuous rally and I would say at this stage of the game, unless it closes back inside its daily profile, that is a likely outcome that today sets up the next, at least short-term, top for the regional banking sector. So I hope that that helped you out, John, and I think there was a question. What was the question here? Disney. G-Man wanted to take a look at Disney. That's what it is. I just simply forgot to write it down. So DIS and the ticker symbol. Let's take a look at Disney's looking pretty horrible. We're down below daily profiles. We're down below red-acid and change line. We're down below its bottoming pattern, so it's negating that. It's on a weekly base. We're down below a hammer candle. That hammer candle was a swing low. That swing low was back on December 30th. The volume there was 60 million shares. How do you gauge, you know, Christmas volume versus this volume? Well, this volume should at least be larger. It's not. It's only about, take that back, it is. No, it's not. It's 38 million shares as we speak. But Disney, trading below last month's swing low out there is low of last month's session. Boy, that is not good. So how are we going to figure out what Disney is doing? Where it's going? Let's open up this weekly chart. Let's see what else we can find out here. So on a weekly time frame, it's trading back into a swing point from back in March of 2020. How about that? Disney's made it all the way back to March of 2020. Now that swing point on a weekly base is 169 million shares. So we know we're coming into it with light volume. But as long as price closes below that, and that's likely to happen. In fact, it closed well last week in several weeks. Odd's favorite price, because we're trading inside here, wants to go tackle that. So I would say the next area, the next target for Disney is around 7907. That's that bottom of that March 20 weekly swing point that is out there. And that's what it looks like Disney is doing. If I look at a short-term time frame chart, which we'll do here momentarily, this is the 30 minute. What we will notice is Disney is going to form number eight here at 12 noon. So what Disney should do on an intraday basis, it should form a TD9 account bottom by 1 p.m. And then we should see a rally. Now there's no profile here that I would point out to you. The rally at this stage here should take us up towards that Oslo Dern Change Line, currently printed about $84.96. So watch Disney's price action as we get towards that one o'clock time frame. Now, if you are trading Disney identify the low of the day as you get to one p.m. Price closer below that low, that tells you if we're headed south, or it's headed south. See you bro, it's when TFN will be right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the Opening Call newsletter at TFNN.com The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors Everything in the Universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe, you'll get a weekly report from veteran day trader Larry 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 directioninvestments.com today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact us at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, 4-Side Fund Services, LLC. This program is brought to you by Vistagold. Traded on the NYSE American and TSX under the symbol VGZ. Let's take a look at NVIDIA. Question is, is this going to go red today? Let's take a look at the charts of your friend, Vity. Let's look at the 30-minute timeframe chart first. Let me pull that over and see what we've got out here. We've got the nice rally. They have nice numbers on a 30-minute basis. Negated, it's TD-9 count top. Right now, we're just looking at the intraday charts here, John. You can see that I don't have a but I do have a topping pen. I'm going to indicate our top. We've got to first watch the levels of support. Right now, on a 30-minute base, you can see the prices testing one of those. It's testing the green oscillator and change line. The green oscillator and change line tells us a couple of things. One, it tells us the price oscillator is above zero, and when price is above that, it tells us we have a rising price oscillator above zero. Those are bullish conditions. Even though you've got a topping, confirmed topping signal out here, the overall would be neutral. You have a rising price oscillator above zero and you're trading above the resistance of its profile levels. Now, what happens if price gets back below $477.40 out here? Then, price should go target in support areas. $469.08, $465.68, $464.70, and $465.58 would be the levels to be watching for. Is it going to go red today? Well, I don't know the answer to that question, but you'll know the answer to that question. Now, price deals with those support levels. Right now, on a 30-minute basis, it's saying no. Price just made its way back to support. Now, on a weekly timeframe out here, they close this week above the high from July 14th, 480.88, that would negate its roads meant to mitigate our top, and that would suggest a further rally. We can see on a monthly basis that a TD9 count top is likely to form between now, August and October. That's a significant top that could form or should form inside of NVIDIA. Typically, when you form bar 8, 90% of the time, it'll go on and form bar number 9 out there, but we're going to have to come back to that next month. Still a little bit too early to make that call, but will it go red today? It's not giving you that signal right now. Watch those 30-minute support levels out there. That'll answer that question, and thanks so much for the request. Let's go out to Newport Beach and speak with us. Thanks for holding. How are you today? I'm very good. How about you, sir? I am doing excellent. Thanks so much for calling. Always good to hear your voice and square. You're still in the square trade, or what are you doing square, and how can I best help you? No, I'm just waiting. I'm just waiting. I need your value prices on square on the daily. And the daily, it shows me four days for one, two, three, four, four to five days as building base here at this point. Yes. Between 55 and 57. Yes. Here, the daily chart tells me that the turning point and going bull is going to be on it's going to be on $58.87 where candle will hit the upper dot of the star. From that point the trend will change. But when I look at the weekly chart the weekly chart it has only three dots at the very top. So the candle is far away from the five day moving average. Yes, I do. The candle has to go above the five day moving average to become a new uptrend even though if the dots are higher than the candle on the weekly. But even the candle is far away from the five day and the dots are far away from five days. But if it goes like so on the daily chart this week, today or tomorrow not today but probably tomorrow or Monday will turn the trend it will hit that 58, 87 if it won't go any lower than this. I want to see what are your numbers there. Sure, perfect, perfect. So that's great, Garo. So thank you. So I do have your charts up on the screen folks if you are paying attention watching us on Tiger TV or inside the Tigers Den the charts that you're looking at are the tools that Garo uses and when he's referring to dots he's referring to the parabolic SAR program out there by J Wells Wilder. So it's a great tool. Garo is a master of it. And unfortunately our dots sometimes differ with regard to price. In fact I always do. I don't know why. But Garo, I want to ask you a question. So you gave us a price point of where your dot is at. Mine's at 5806 yours is a little bit higher than that. But when price hits that dot you also said on the weekly chart price has got to at least close above that five day simple moving average which is at the 69, 50, I'm sorry it is at the 63 level right now. No, 58, 87. 58, 87 is your dot on the daily right? Yes. On the daily, on the daily the upper dot is 58, 87 that's when the candle hits that spot at that dot the dot will go down and from there on the trend will change. From that on the charts are going to cover it and from there I won't say that from there it's going to shoot up to 70 or 80 dollars. But from that time that moment of 58, 87 the trend will go long from that from that point. Yes and so my question to you if you get that signal but on the weekly chart you're still below the five day simple moving average which right now is priced at about 63 bucks. What would you do? Do you wait? Yeah, that's it you see that contradicts each other if the daily chart goes bull the weekly chart still is a bear. Yes. The only time the weekly chart goes bull when the candle goes above the five day if the dots are above the candle it doesn't matter. But in time when the candle goes above the five day and it gets green and green and the next day green and other green eventually that candle will intercept with the upper dot of the weekly. From there on you just load the truck and you go on and you go long and long. But on a daily chart if it goes like sure I don't want to reiterate what I said. Maybe tomorrow or Monday this is going to be going to change the trend. Okay so let me give you the numbers that you're looking for. So the numbers that you're looking for on my system I switched over to the white background charts. I can share with you that you also have resistance at 5854. 5854 is the top of its daily profile. 587 Yes on my chart though what I want to share with you. I'm sorry I'm sorry. So the top of its daily profile is at 5854. So that is a battleground in fact the battleground area because this is a barestructured daily profile is between 57 5759 and 5854 that is where the sellers reside. What this would say is a price can close about 5854 for two consecutive sessions that will then give us the bullish signal or at least a change in trend out there for the daily time frame. My charts like yours on the weekly basis say this might want lower price. The reason that I say that is that this form day TD 9 count top on the weekly time frame and last week price pulled back and it closed just below it's break on the lowest 5778 that should have held the support. The question is this a one week wonder or not well we're still trading below 5778 this is telling me that if we get a close below 55 let me see here 5568 we could be looking at we could be looking at 4233 do me a favor girl just hold on through this break I want to come back make sure I've answered all your questions that's Garo in Newport Beach, California Steve Rhodes here we'll be right back folks. If you're looking for potential trading setups in the stock market then Rocket Equities & 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 & Options report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today visit the front page of TFNN.com TFNN Educating Investors You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating investors Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors When you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com Folks, we're on the line with Garo in Newport Beach, California where take a look at the ticker symbol SQ square. I'm trying to get a different screen up on my system and wow won't let me do that so how am I going to do this? Garo, let me tell you what it's doing let me describe to you what it's doing out here what square is doing it's testing and now you don't use volume so that's why I want to go ahead and add what is doing from that perspective for you and there's a swing point that swing point low that formed in May 15th and that May 15th swing point had volume of 9.4 million shares. We are trading with inside that swing point as it's been moving sideways we pretty much have been trading inside that swing point to give you an idea when that level was tested that was on August 18th and that was tested with 9.8 million shares when you test a swing point with more volume and typically want to test it again that's what's going on over the last couple of days out here today's volume so far is 3.2 million shares so we could be another 9 million share a day out here but here's what I would suggest and that is a price close below 55 I want to give you a different number out here a price close below 5505 and it does with more than 9.4 million shares out there even though you don't use volume it will generate a confirmed A to B equal CD to the downside and this would be looking at the 4655 so one thing you and I can agree on is that not until price close above the 58 and change number mine is 5854 yours is 5880 ish out there let's just call it 59 right now not until price close above that will this have its bullish legs out there so I'd be watching that bottom I'd be watching 5505 what questions are unanswered that I can try to provide you the information for the next 30 minutes 30 seconds yeah no questions I don't see and I don't have 4665 at all in none of my charts so I wrote that number down in case if that doesn't do all the promises that it did today or tomorrow and it goes below that 55 and change then you go to 4665 then all my all my system and all my knowledge will go to 4665 start from scratch now we're not going to let that happen everybody go out there and buy square just kidding always great to speak to you folks stay tuned for all the great program we have lined up I'll be back with you tomorrow on fantastic Friday please have a terrific Thursday and be safe out there