 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 morning, folks. Welcome to the September 6th, the terrific Tuesday 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 else is having a great day. Let's make sure we have an extraordinary one. 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, 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 do want you to know I'm absolutely grateful for your presence here. I've been 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. You can dial in at 877-927-6648. Now if you can't dial it, we've got you covered there too. You can always send me an email, send it to Steve at TFNN.com. We've got nothing in the queue right now, so now would be a good time. Now inside that subject heading, if you would be kind enough to put radio show question and then inside our Tiger's Denimal, any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now. A little bit of a mixed bag out there that mixed coming from the Russell, which is off eight points, the NASDAQ composite down four. Otherwise, the other U.S. industry are trading to the upside. That was up 90 points. S&P is up 12. NASDAQ 100 is up eight. Semi's are flat. They're up one point. Trends are up 31. That's two tenths percent. New York Stock Exchange up three tenths or 43 points. Gold is off five bucks. Trading is 1770. Silver's up 14 pennies. Trading at 1802. Light's recruit is up 11 cents at 87 bucks. Natural gas is off 34 cents. Trading at 844. Thirdary Treasury down nearly two points. Trading out at 130. 307. The Movers and the Shakers. The Movers to the upside. You've got Enphase Energy up 12 bucks. That's four and a half percent. Black Rock is up 11 and a half. That's up nearly two percent. S&P Global is up about 11 bucks or three percent. Eli Lilly up about 11 bucks, three and a half percent. United Medical, 11 bucks, two percent. To the downside, it's booking holdings of 26 bucks, one and a half percent. Shockwave Medical, 14 bucks, five percent. SVB Financial off 11 bucks or nearly three percent. Pal-Alo networks down nearly 10 bucks, nearly two percent. Restoration Hardware is off 555. She trained out of 246.62. Certainly, we have things to look at. Of course, I want to look at what you want to look at. No request out there. Let's go take a look at the daily equity future contracts first. Then we'll start diving down. Give me a moment. We're going to change our screens out here. We'll have the white backgrounds. Oh, I didn't start that. Okay. We won't do that. I restarted things. What we will do is we'll take a look at each of the equity future contracts individually. So we're still going to change our screens here. We'll have the white background screens in the upper left-hand corner momentarily. You will see the daily chart for the NQ. What you should notice out here is one, there's an A to B equal CD to the downside. That pattern was completed on September the 1st. Why? Because there was a nice bullish hammer candle that formed there. That is a key low. Write this down on your pad of paper, 12.017.75. Now, we'll be rolling over to the December contract this week. But right now, that's the number to be paying attention to for the September contract. If there were to be a close below that level today, that will negate that pattern signal, and that would suggest lower price. If we take a look at the 300-minute, the five-hour timeframe chart, it still maintains its roadsman to indicator bottom. That pattern will remain as long as price continues to close above 12.017.75. You've got that same pattern set up inside the four-hour timeframe chart. On the 120-minute timeframe chart, this formed a TD9 count top. It did it at 4 o'clock this morning, and price, in essence, pulled back, tested and rejected both the bottom of its profile and its TD9 count breakout level in the 12.054. You know that expression that Tom likes, and here it comes, a dollar. I've got to send them a dollar. If I say it, which is, if you can't bust them down, price will try to bust them to the upside. We'll come back to that momentarily. The NQ, on a 60-minute basis, doesn't have a bottoming signal, no nothing that I see out there, a TD9 count bottom on the 30-minute chart, and that did what it was supposed to do. This is really the key area here. When I say it's what it's supposed to do, we get a valid top or a bottom. What you will find is that nine times out of 10, and at some point in time, I'll be able to test that nine times out of 10 theory out there, price makes its way to that oscillator and change line. Well, that occurred as we were coming on to the show this morning, and that 12-125-ish area is a real key level of resistance. If price can overtake that, it's got other resistance right now. It's at 12-175, but that would suggest a further rally. Nothing really to report on here. Well, the 10-minute chart had a TD9 count bottom pattern as well. Price running into resistance at 12-121. Its next resistance, if price can take out that level, don't have an indication that it will, but its next level would be 12-188-75 from a resistance standpoint. If we come back to the ranch out here, the real key chart is really the daily time frame and the bottom of that hammer cannon. You should also notice here, remember I said, like we just took a look at it on a 30-minute chart, when you form a bottom pattern, typically price will make its way to its oscillator and change line. That actually increased today, but when we see that its oscillator and change line, that's the upper left-hand chart change colors. That really increased the odds of price net level testing. But nonetheless, if price close below the bottom of the hammer candle, though that test will be deferred. Otherwise, expect a rally up towards the 12-653 level. That is the message from the NQ. Let's go take a look at the ES mini charts out there. This will take a moment here to populate. While it's populating, I'll take a swig, technical term for Stevie's thirsty out there. We take a look at the ES mini, unlike the NQ, which only had to buy the D-point pattern. The ES mini has both a TD9 count and buy the D-point pattern. Both those patterns were confirmed on September the 1st out there with its bullish hammer candle. So, a lot will be watching here. Key level is the bottom of that hammer candle. That area is 390350. Testing it, no problem, as it did so far today. Closing below that, again, 390350 would be a problem. If we take a look at the five-hour time frame chart out here, do we have any kind of a bottom pattern? The answer is we do. We still have a rosement and indicator bottom that is in place out here. The four-hour time frame chart, that's the same signal. So, this matches what we looked at inside the NQ. The 120-minute chart, which also formed a TD9 count top, took price right back to its breakout level of 390850. Remember, the body of the candle is the essence of price. The wicks, the upper and lower shadows out there, whichever you prefer to use as your terminology, are nothing more than the screaming at memes. That means it's nothing more than the emotion during that time frame. In this case, here was a 120-minute time frame. Price holding, supported 391850 out there. Resistance on a two-hour time frame is 3958, and above that, 4017. The one-hour chart still holds its rosement and indicator bottom. No bottom signal on the 30-minute chart here. We did have that on the 30-minute NQ chart, and you do have that TD9 count bottom on the 10-minute chart. This suggests that the ESMini should at least go target 395150. A close above 395150 suggests that we had hired and hired aware. What the ESMini should do over the next several days is get up towards that 4065 level. That's the oscillator change line, which, like the NQ, also change colors today. CROADS with TFN will be back in just a few. We're going to take a look at SABA for Joe E.D. in the tiger stand. For booming inflation, we are purchasing powers eroded. There's no better place to protect your harder-earned money than in gold. VISTA Gold's flagship asset is the Monk Todd Gold Project in all the territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. VISTA Gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million-oz Gold Reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, devious party, ready-development stage gold project. VISTA Gold trades on the New York Stock Exchange under the symbol VGZ. 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 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 at 727-873-7618 Now folks, we're taking a look at ticker symbol SAVA, that's Kassava Sciences. That's trading out of 2760. As we speak right now, it's trading with inside a Bola Structure daily profile. It's trading above its green oscillator and change line, which is currently printed about 2569. As long as price closed above 2645 today, Joe Ed, that suggests a run-up to the top of its profile. That's at 3136. Now there's a high volume high out here, that bearish shooting star. If price can get above 3136, then that should go at least test that high. That high, by the way, is 3487. If we look at it, so a green oscillator, so here's where we have a change in color in the oscillator and change line. What happens? Price pulls back, tests, and rejects that level. However, on Friday last week, we did see price close below that area, but it ran right down into support at 2448. Support itself inside of Kassava Sciences. If we take a look at the weekly timeframe chart, price above the top of its weekly profile, 2448, it has a red oscillator and change line, so it's not as bullish as the daily, at least not just yet, but it still is bullish with price above resistance at 2448. The monthly timeframe for Kassava Sciences has got a nice teeny-nike out bottom. Price is back inside its monthly profile. Price should go target at least 3785. Our call on Kassava Sciences right now, if it close above 2645, look for a run to 3136. If it can get above that, then we could be looking at a move up towards the 35ish area and above that, 3785, which is its monthly oscillator and change line. Joey D., I hope that helps you out with regard to Kassava Sciences. Thanks so much for the questions or the question. Let's go on to our next request. On a 30-minute basis, by the way, you've got what looks like a A to B equals CD to the upside that is attempting to form out here, but there is resistance at 2853. Even though we've got a nice rosement to the indicator bottom out here, again, watch 2853. If price can close above that, Joey D., that suggests that price continues to move higher. That's a 30-minute daily, weekly, and monthly timeframe chart for Kassava Sciences. Let's do the same thing for the request coming in from LB. LB says, can we take a look at NU? So let's get those charts fired up on our screen, read the rest of the question, and tell me what the technicals are saying. I'm still holding long on this one, but you're looking for short to medium term outlook. So you got it. We'll still give you the daily outlook here for, excuse me, ticker symbol and U, which is a new core, and U holdings out here. So not enough on the monthly timeframe for us to do much with because it hasn't traded long enough. That also kind of puts us, restricts us on the weekly timeframe. There is a TD9 count, but that has not confirmed atop because bar number seven is the high of that pattern. And you do have a confirmed weekly roads momentum indicator bottom signal. So it's really going to be all about the daily timeframe chart. So what does a daily timeframe chart show us? Well, one, there was an A to B equal CD pattern. We can visually see that down here. Here's your A point down at the June lows, your B point up here at the July high, a retracement down into a July low towards the end of the month. You get your A to B, B to C, C to D. That completes when you get that bare sash candle. Okay. So we know that we've got that. However, price has remained above the top of its daily profile, 465. That's where sellers reside now. Those sellers may become the actual buyers is what the signal was from three days ago as price got down tested and rejected that level. So you're really in kind of a neutral-ish type signal here, Lee, for the daily timeframe. Do we have a reason to sell? No, because support has held. What would you need to see a reason to sell? Certainly a close below 403. It's full of structured daily profile. We do not have any signals that that's where price is going to head to. So intermediate term wise, the next level of resistance to the upside would be 769 to the downside support would be a 361. LB, I don't know if there's anything more that I can share with you and looking at these charts out there. So hope that that technical analysis is what you were looking for. Thanks so much for the request. You have a terrific Tuesday. I look forward to getting back with you again soon on your next request. There was also a request that came in late on Friday. That was to take a look at fuel cell, F-C-E-L. And the question, oops, I got to miss type there. So this will screw things up for Stevie, but that's okay. F-C-E-L. We'll try to get that rolling here real quick. The question was, as fuel cell confirmed an A to B equal CD to the downside. So actually to answer that question, we will go over and take a look at the black background charts here first. Give me a moment. We'll change our screen so we can come back to these white background charts and see what additional information we might be able to gleam out of it. So that's weird. Here we go. Okay. So now we take a look at, let me just expand out the chart. Let me pull it back just a tad. We'll take a look at A to B equal CD pattern out here. So what we're looking at is a small A to B equal CD. So the swing point or the B point is going to be the low, let's get our data box so we can clearly see it. It's going to be the low of the pattern. Low of that pattern is either going to be so 398 on A23, 398 on A22. We'll go ahead and use 323. So our A point, very easy to see out here. That is the high from August 15. The low point, we identified that, the B point that is. And then the swing point for the C point is going to be the high of August 25th. Whoops, that didn't work. Let's try that again, Stevie. Get those magic fingers working. Our A point out here again, the high from August 15th. That didn't take. Why not? There we go. Now we've got the B point, the low of August 23rd, the C point, the high of August 25th. One to one, we'll get us to 321. And to answer the question, 398 was the close, which had 9.7 million shares. Now on Friday, the close was at 394 with 9.9 million shares. So you do have it confirmed. A to B equals CD. That one to one price projection is in the 321 level. If you go back and we take a look at the white background screen, screens out here, what we're going to see on the daily timeframe is there is support at $3.35. That is its TD9 count breakout level. So you're going to want to watch that 321 to 335 level on a pullback out here. Support on the daily timeframe is 320. On the weekly timeframe is 322. That matches up to the A to B equal CD pattern to the downside. And on the monthly timeframe, I don't really have a whole lot out here for a fuel cell. FCEL was the ticker symbol. So it does have a confirmed A to B equal CD to the downside should get us into that 335 to 321 level. And that was, I believe that was David in Tom Ball, Texas out there that had their request from Friday. Hector and the fuel injectors. Hector wants to take a ticker symbol VB. So let's get that up on our screens out here on the white background screens. And let's try to figure out what VB is. VB is Vanguard index funds, small cap ETF. Hector's question goes like this. VB, this AB equals CD down. Is this a green light for a buy the D point nibble out there? So what basically Hector is asking for is do we have a confirmed A to B equal CD to the downside and should he take a nibble at it? How do you like that for translation? Oh, Stevo, you're just simply amazing out there. Okay. Well, let's go take a look at the actual chart. That one I can interpret. Maybe that'll help answer the question. So we're looking, we're going to go back to the black background screens. So I presume that the A to B equal CD pattern that Hector and Patty are looking at out here is what the A point started at the high from August 16th. The B point is going to be that low. Let's see, 196.02. 196.17. 196.02 is the low. So that's the low of August 22nd. That's the B point. The C point out here is the high from August 26. When we come back to this break, you answer the question for Hector and Patty. And then I'll do it as soon as we get back. Steve Rhodes with TFNM. We'll be back in just a few. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNM.com. Don't miss out on the next great Gold Trade. Sign up today. 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Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Chart today by visiting TFNN.com. Live every market day from 8.30 a.m. to 4.00 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 TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN Educating Investors. They can nibble. Nibble being the keyword here at the bottom for Vanguard. And the answer is yes. Why is the answer yes? Well, first this completed a 1 to 1.272 A to B equal CD to the downside. Why does Stavey say it was completed? I say it was completed because it went ahead and completed that bullish hammer candle. That was on the trading day of September 1st. Now, as I say that, what we can also say is that candle on that day of September 1st was a gap to the downside. So we have a gap to the downside candle is a bearish signal. So you have one bullish, one bearish. Which one is it? Well, Hector, what I typically like to do is fill in that gap area to then say, okay, if we filled that in, colored that in this case here, it would be red. Does that still generate a bullish reversal candle? And the answer to that would be no. And the reason is because the body of the candle would be more than twice the size of that lower wick out there. So that says, yet nibble would be, that doesn't mean it has not bottomed. It just is a little bit suspect because you have both the bullish and the bearish reversal signals. If we look at the weekly timeframe chart here, what price is doing it right now, it's trading below the top of its profile. That's a 186.91. That too, then Hector and Patty suggest caution. Why? Because the price is just Tuesday. But if price did close below 186.91 and more importantly, if price closed below 185.39, that's on the daily timeframe, that's a low of that hammer candle potential. Well, we know it's a hammer candle, but it's also a gap to the downside. That would then suggest lower price and lower price would be 176.59 to 1803. The bottom of the monthly profile is 181.62. Now, I can tell you the monthly timeframe has a TD9 count pattern that was actually confirmed last month out there. The low of that pattern is bar number eight. That was the trading day or the trading month of June of 2022. But as we can see here, price, oh, there's a brand new monthly profile that is forming out here with support at 181.62 and resistance at 217.60. So Hector and Patty's question was, can they nibble here? They can. I prefer you nibble at something that didn't have both a bullish and a bearish candle that we were using to confirm the bullish signal up there. I don't know if that made sense to you. I hope that it made sense to you. It's just, you know, it's risky. It's riskier than what you'd like it to normally be. Now, if I take a look at a 30 minute timeframe chart, we'll move that over to this black background area. And we're just looking for signals out here. Former nice TD9 count bottom that happened at 11 o'clock in the morning on September 1st. And then a former nice TD9 count top and that happened 1130 on September 2nd. And then what did price do? Pull back to test support. So what you really have going on here right now, Hector and Patty is a consolidation between TD9 count breakout support around 185.44 and TD9 count breakdown resistance, 190.78. Now close above 198.78 on a 30 minute chart would be a positive thing and suggest a further rally out there. So can you nibble at it? Absolutely you can nibble at it. It's just one that is a little bit questionable, so to speak. So hope that helps you out. I hope you had a great holiday weekend and thanks so much for writing in. We'll look forward to speaking to you again soon. Meguppi inside our Tigers Den says, hey, Stevo, hope you had a great weekend. I did a very exhausting weekend or so it is now. It was a nonstop activities, lots of everything. So great weekend, but now what I need is vacation from a weekend. And by the way, I will be on vacation on Thursday and Friday of this week. We'll not be able to do a show. I will be on vacation the following Thursday and Friday as well. And we'll not be able to do shows then. But let's go take a look at this question here for Meguppi who wants to take a look at XBI. So let me get those screens here fired up. Let's read the question. Of course, if you're inside the Tigers Den, you can read it yourself. But the question goes like this. Could you look at XBI? Looks to me like it wants to fill the gap it created early August around the $81 level. Right now it's trading $82.40. Do you see that area as a potential bottom using your techniques? And do you see it going higher or lower in the upcoming weeks out here? So as we take a look at XBI, one of the things that we'd be looking for is the A to B equal CD pattern. So let's go take a look at that. Let's see if this confirmed anything. When I say confirmed anything, that at least get to the 1 to 1 area. And then did we get a bullish reversal candle? So the high of this stock for A to B equal CD, that's at $95.17. That is at $95.14. That is at $95.10. So it's going to be the trading day. The A point is August C11. The B point, that's easy. That's going to be August 22nd. The C point is also easy. That's August 25th. So the 1 to 1 price projection is $81.11. The low today is $81.72. The question is, is that close enough? And we actually had a low out there on the trading day of August 30th. That got down to $81.97. So $81.11 versus $81.97. Is that a completed A to B equal CD pattern? I wish I had a definitive way to be able to answer that question. It has potential out there, McGuppy, to have been a completed A to B equal CD, not because it came close to the 1 to 1 level, because as it was doing that, it created that nice big bullish engulfing candle right here from September 1st. Now in this case here, the support level is going to be the low of that session. So that is $82.07. As long as price holds $82.07, you've got the potential for an A to B equal CD pattern. That should take price up towards the top of its profile at $86.51. If I were to show you the other white background chart, you'd see an $87.01 is the green oscillator and change line. So it does have a valid bottom, or we think that it does. Again, looking at that A to B equal CD, what should it do out here? Well, what it should do is at least go target $86.51. But we should really investigate this stock further. So let's do that because we're uncertain as to whether the A to B equal CD pattern has really completed that 1 to 1 price projection move. So when in doubt, go take a look at the weekly chart. See what kind of signals we have there. So we'll switch over to the white background charts and voila, what do we have? We have a TD 9 count top. Now when you typically form a TD 9 count top, what price we'll do for that timeframe that you're looking at is take price back to its oscillator and change line. That is printed out at $77.75. So that's a piece of information out there, McGuffie that says, okay, maybe a bit more caution is warranted here. We're trying to see if we've got a confirmed A to B equal CD when the weekly chart is saying, you know, whether you do or you don't, I want to head down around $77.74 and have a little pity party back there. So how would I look at it? What's the signal really over the course of the next couple of weeks? Which was really the question asked if price closed below the bottom of that bullish hammer candle, that low that would also take you to below the bottom of its daily profile at $8207, then what price should do, I don't know how long it takes, is get back to test that red oscillator change line. Again, that's at the $77.70-ish area. Right now it's a $77.73 on my chart out there. So McGuffie, I hope that helps you out with regard to XBI. It didn't really answer the question, I suppose, or did it? I think that it did. I think that it did. The weekly is really suggesting to you and I that price wants to head lower. Now you're looking for the confirmation for the daily, which is going to take out the low of that bullish and golfing candle, which did volume on that day of $11.5 million. You're already at $5 million with two hours into trading. That says we're more like a $15 million-ish type day out there. Certainly what it says on a straight line basis is that low from September 1st out there that had $11.5 million shares, you're moving into that area with volume. So I would be careful out here and the real confirmation, I think, McGuffie, will come from the 30-minute time frame chart. So what's the chart to mine, the white one? So look over here. Here's maybe where we get that signal. What do you mean, Stevo? TD9 Count Top, that took place at 10 o'clock to the morning on the 2nd. You have a TD9 Count Bottom, that formed this morning at $10.30. If you close below that low, that low, by the way, is $81.87. That says we're likely to see lower price. Steve Rhodes with TFNN. Hope you're 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. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. 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That's trading lower. It's off six points out there. The Dow is up 92. S&P is up 15. Inside the Tiger's Den, the question from Jimmy goes like this. It says, Steve, on your short-term indicators, do we really, do we retest today's lows on the major indices out there? I've got the ESMini set of charts up here on our screen. Well, we can take a look at the ESMini on a 10-minute basis right now. You've got a TD and you're saying my short-term time frames. If we take a look at the shorter term time frame, but I guess I would really use out here as a 10-minute chart, that's what Tom likes to use as well. We'll use the 10-minute chart to help you and I answer that question, Jimmy, as we tackle this. What do we know about a 10-minute chart? Price pulled back, formed a TD-9 count bottom. Price has moved off of that. Price is right now trying to take out a swing point. That's a swing point that formed at 11.10 this morning. We'll go take my other set of charts and see what kind of volume as we're pushing into that. If price can take that out, then you'd have an A to B equal C to the upside. Now, the it that it has to take out, it would have to close above 39.43 and a quarter. You can see that you do have potential resistance, the TD-9 count breakdown level at 39.51. Let's assume we get a confirmed confirmation of an A to B equal C to the upside, which would take us beyond 39.51.50. The answer to that question would be close above 39.51.50. Would say no. Right now, its intent is not to go down in test loads. That can't change two hours from now, but your question is really, I believe, what's the intent right now that we see? It's really a 10-minute time frame chart out there that we're going to take a look at. Now, with regard to the other charts out here that are worth noting, you still have a bottom pattern that exists for the 5-hour, for the 4-hour, the 2-hour chart as well, which has held that TD-9 count breakout level. So you've got enough bottoming signals out here to suggest that price should move higher, but you're talking about intraday, what is it going to do? So now what we need to do is go change over to our intraday time frame charts, where I get some volume. So that's really what's going to do, what we're going to do here next. So let's go over to that, which is right here, and here we've got the NQ. So, Jimmy, let's do this. Let's do this both for the NQ and the ES. Since I've got the NQ up right here, basically, it's got the same pattern with regard to its 10-minute time frame chart that formed the TD-9 count bottom this morning. So the swing point that is trying to take out is the one from between 11-11-10. On the NQ, that was volume of 22,500 contracts. Right now, there's only four minutes in, we're at about 10,000 contracts. So we are very close on the volume matrix. It's not light volume. We can't see the price of trading right on the NQ that is, right in the resistance. That's the top of its profile, which is at 12-121. So if price can close above that, you can see some descending trend line resistance as well. So that's really telling you and I for the NQ, how do I do that? I don't know how to do it. It's just going to take a second. Oops, it's going to take a second to populate. That population was, oops, I wanted to see if there was a, well, there is a TD-9 count bottom. I wanted to see what that breakdown resistance level is at. And that is at, come on, populate for us. We don't have all day here. We just have a few minutes. 12, 188.75. So even if we get a confirmed A to B equal CD to the upside, you still need to watch 12, 188.75. If price closed above that, then the A to B equal CD would fulfill itself. What's the A to B equal CD pattern potential on the NQ? Because we don't have a, it's got to close above that B point in order for that to occur. Well, it would look like this out here, the A to B equal CD pattern based upon the information we have now, which would give us a one-to-one price projection of 12, 267.50. Stevie would say no way Jose. And he'd say no way Jose because you had a .382 retracement. It's really 38.9% out there. That's a shallow retracement. So if you take out the resistance levels, which is going to be that 12, 188.75, then more likely than not, Jimmy, this would tell us about a confirmed A to B equal CD upside that would do more than a one-to-one. So you'd be looking at 12, 324. What happens if price doesn't take out that B point and continues to find resistance where it does at 12, 121? Well, here comes another dollar that I owe to Tom. If you can't bust them to the upside, then price would try to bust into the downside. So then Jimmy, that gets back to the question, what are the short-term charts tell us that their intent is? And since the 10-minute chart here doesn't complete for another three minutes, we don't have that answer. But if we're pushing into a swing point, which it is, with volume, even if it doesn't take it out on this 10-minute session, it says we've got to watch the next 10-minute and the one after that. Because as you push into a swing point with volume, it says that you're going to go try to do that again. Does that make sense? Did that help you out? No, that was the NQ. We started with the ES. So let's be thorough out here. Go see what the ES is doing. See if we've got a similar type of signal out here. We do, from the standpoint, price is pushing into that swing point. That's a swing point from 11 to 1110, 60,727 contracts. Right now, you're at 35,000 contracts with three minutes ago. So this is pushing into that swing point with lighter volume out here, but price is above its profile. So the only thing on a 10-minute chart that we've got out here is the resistance of its descending trend line area. So where does price need to close below to say, hey, I want to go retest those lows? I would say that if you take out the low of that last 10-minute bar, that last 10-minute bar as low as $39.21, that would be an indication to Stevie that price is going to go back and retest this morning's lows out there. Is there anything else that Stevie can find to assist us to answer that question? And the answer is there's really not. So is it the ES or is it the NQ? How about the Dow? Why don't we just take a quick peek at the Dow out here, see what it's doing on a 10-minute basis, see if we get any kind of synergy. So it has pushed in and tested that swing point so far, that one from 11 o'clock, which had 5,500 contracts. You're at 3,000 contracts right now with a little less than two minutes to go. So and price has found support at $31,319. I'd say price would need to close below $31,319 for two consecutive bars to suggest that the Dow wants to go down and retest those lows out there. So you can see here we've been pretty consistent or the market's been pretty consistent. It has that descending trend line, a resistance area out there and that applies to the 10-minute timeframe for each. Now we'll just check out the Russell 2000 as well, which has not behaved as nicely this morning. It does not have trend line resistance. It's pushing into a swing point from 11 o'clock this morning. That did volume of 6,900. You're at 6,500 right now. So price is pushing into that contract. Even though it hasn't taken out the swing high, that swing high would be $1,805.60. Price should go back up there and at least test that level. So the weekend to see out here, which would be the Russell, is suggesting even if it can't take out that swing point here within another 45 seconds, you should see another run for that. So Jimmy, does that answer your question for you about what are the intraday charts right now, which is the 10-minute charts, suggesting to you and I is going on in the marketplace. I'm going to say based upon the NQ volume out there, let's go see what that actually was right now. Get that final test out here. So the volume on that bar was $17,000, and that was going into a $22,000. So a little bit light in the loafers out there. But you know, price is trading above the low of that last candle session. As long as that remains, it would suggest to you and I that price should go try to tackle that swing point once again. So that's how we take a look at the intraday charts and get a feel for what they are doing out there. Steve Rhodes with TFNN. We've got the Dow that is trading up about 30 points, the S&P8. Nasdaq wanted off four. Russell's down seven. If you rate that. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. 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. 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Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Good back folks. Let's go take a couple of requests out here. One from David H in Panama City, what a beautiful place that is. Talk about white sandy beaches, that's it. But the question goes like this, hey Steve, is it likely that Enphase, ENPH, the ticker symbol will take out the recent high of 30888 before the next pullback occurs? So we take a look at Enphase out here. You can see a real clear consolidation within the bottom of the consolidation is the bottom of its profile, 272.58. The top of the consolidation could be in that 308-ish area where you've got your resistance level. One resistance level is at the 30650 level. You're asking, we'll get to 30888. Right now, price today, here's what I can share with you. Price today, close above its top of its daily profile. The top of that profile is 295.27. Then what I would say with certainty is price will go tag that oscillator and change line. That's a 301 in change. That's not at your 308 level. It doesn't tell me whether price will be able to close above the oscillator and change line. If it does, then I would say the answer to your question is it will least go tag 30888. That's the high out there. I believe that's the high. Let's go switch back and take a look at the black background chart to just confirm it. And let's see what kind of volume. We just spent some time on a 10-minute chart. You just do the same pattern out here on the daily time frame chart. So Enphase, the high 30888, that is the trading day of August 8th, volume of 4.2 million shares. So far at 1.7 with about 2.5 hours of trading. So if we multiply that times 2, we're at about 3.4. It seems like you're coming into that swing point with lighter volume out there. So right now, a close above the top of its profile gets us up to that 301.01 level. David Hates, thanks so much for writing in. Hope that helps you out. To finish off this show, we've got to take like an SCCO. That SCCO, this is for, come on, get up here. There we go. SCCO is Southern Copper. When you look at SCCO and Copper for me, I'm not yet, but looking to put on a position has been tested in low 44.66. What do you think? We don't have time out here. Unfortunately, you don't have a bottoming pattern just yet inside of SCCO for its daily time frame. What you'd like to see out here, Greg, is a bullish reversal candle to confirm a roadsman to mitigate our bottom. You did like to see price close above Saucer and Changeline currently at 46.76. Folks, have a terrific Tuesday. Stay tuned for great programming. I'll see you tomorrow. 11 o'clock sharp. Take care.