 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 terrific Tuesday the September 14th Trader's Edge show sorry I just totally sidetracked there but welcome to the show I want you to absolutely know that I'm absolutely grateful for your presence here but more important than that what I want you to know is during this next 60 minutes I'm absolutely here to serve you. So let's get right to these markets you give us call 877-927-6648 if you can't call in we've got you covered let those fingers do the walking what that means is go ahead send me an email send it early send it to Steve at TFNN.com and inside that subject heading please put radio show question of course in our Tigers stand any ping we'll 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 we've got the Dow down 290 points she's trading out at 34582 the S&P's off 21 44 47 is the print the NDX is off 28 points that's down less than two tenths percent to the get downside the Russell's off 1 percent that's 21 points the semis are up two tenths a percent or about six points out there you've got gold up 11 bucks silver's up seven pennies lights we crude is off 34 cents natural gas up nine pennies 30 your treasury up one full point trade out at 165 in 24 30 seconds the leaders dollar wise the upside as ml holdings up 18 bucks 2% mon god moved up 17 bucks or nearly 4% duckers outdoor is up 4% at $16 and change Moderna is up 16 or nearly 4% crocs haven't seen that name in a while up nearly 12% or 16 a buck of runes to the downside it's charter communications that's trading down 34 points a little over 4% Shopify's 23 points one and a half percent micro strategy 21 3% SVB financial 3% and 20 bucks and 10x ginomics genomics is off 12 bucks or seven and a half percent so let's begin by take out I guess I should share the screen that would be the easiest thing and now let's begin by taking a look at the TAS market profiles we'll start by taking a look at the ES many that's in the left hand panel so well you should notice here yesterday was a test and rejection of that bottom of that bullish structured profile but a new profile is attempting to form that profile is above price that is typically a bearish directional message I say typically because if I take a look at the ES many it still has not taken out yesterday's low that always gives Stevie a reason to pause or say something to think about now that could easily be resolved in a second here and so what this tells us is we should go take a look at where are the weekly profiles and we'll do that on the next table that I'll show you out there actually let me do this here since I've got it on the other ones let me just take the ES many here if you give me just a moment and what we'll do is we'll put the top of the weekly profile on this and that way you'll be able to see where the next likely downside target is for the ES many and it didn't take what's the heck what that's not that's not right okay um we'll skip that idea we're going to go right on to the end queue out here because it's not showing the new profile inside the ES many so technical glitch but Stevie's got to work around so uh while here we're going to work around to like this I'm just going to go right to it and by going right to we go right to the weekly chart so here I take that back okay so we're showing the correct thing so here the ES many is trading with inside its weekly profile so its next level of support potential support is at 4419 that is the center of its profile back to the daily time frame here on the daily time frame we're going to see the end queue so as we can get there come on work with us the end queue is trading below the bottom of its daily profile that is at 15487 the end queue is just an inside day so hasn't taken out yesterday's low again a reason to pause if price does head lower the level that it should target is 15309 15309 is the top of its weekly profile in the case of the Dow that's the weekend to see out here the interesting thing about the Dow let me do this here let me uh oh I see I've already got that okay so give me a second I want to just turn off a couple of things inside the Dow I'm going to get rid of the weekly profiles for the moment and the reason and I might also get rid of price so what I want you to just take a look at here this is important or it could be important if we take a look at the new profile is attempting to form in the Dow which is the weekend to see out here you'll notice that this is a bullish structured profile bullish in structure because the center which is currently priced at 34890 is much closer to the bottom which is at 34584 versus the top which is at 35504 so it's bullish in structure because at the top at 35504 there's only sellers at the bottom 34585 there's only buyers and at the center is where both buyers and sellers that entire group believe that price is fairly valued with inside that range well if you've got buyers at 34890 and some sellers we'll just call it 5050 and you have buyers at 34584 that should be your strong level of support now that's one thing to take a look at we won't get a firm message on this profile until this evening at 601 the profile has not changed all day long so it seems like it's pretty solid but we won't get that confirmation till tomorrow the second message here is that this entire profile has wrapped around the prior profile that is both that is a consolidation message to expect a consolidation pattern so that's the message of the daily profiles as we turn price back on what we're going to see is prices trading below the bottom of that daily profile so the level to be watching at day's end where is it that the Dow equity future contract closes if it is above 34584 and this profile does take hold that could be signaling to you and I a bottom that is out here or really a consolidation message so the message of the Dow right now is a consolidation message which is the pattern that the Russell 2000 has been trading in for quite some time as I pull this back here so and prices trading below the bottom of its daily profile and you can see that little white square rectangle ish figure out here that's the larger consolidation inside the Russell 2000 now go back to those weekly time frame charts out here and on a weekly time frame chart the message is relatively simple consolidation inside the Dow right now that's where prices trading between the top and bottom of that profile consolidation inside the Russell 2000 a consolidating type pattern inside the ES mini and the NQ is trading above the top of that profile so unlike the ES mini which was forming a daily profile above price the NQ is forming a weekly profile below price and that's a bullish message just like the opposite was true in the ES mini for its daily time frame now in the case of the NQ it may be all about Apple so Apple is I believe Tim Cook is on stage now I don't know what he's discussing uh do iPhones and so forth so we'll get a chance to take a look at Apple's price behavior during this session if we take a look what Apple is doing right now we can see that Apple two days ago on the news of that legal uh issue with regard to its app store out there price closed below the bottom of that profile yesterday was a test and rejection of that level and today price is trading below that so that takes us over to the weekly profiles of which right now prices below the top of that profile 150 price closed below 150 that should signal to move back to 145.41 Steve Rhodes with TFN would love to hear from you folks 877.927.6648 we'll be back in just a few 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 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 what's separating you from the most 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Welcome back folks to our first question inside the Tiger's Den it's the only question that we've got in at the moment is with regard to the NQ and John Z and the Tiger's Den is looking for some downside possible downside targets so John well we'll take a look at this a couple of different ways the first way is take a look at the TAS market profiles we sort of covered that during that first segment I just want to restate it we can see here in the case of the NQ brand new weekly profile that's the yellow bars that you see across the screen is attempting to form below price that's a bullish message so the next level of support because price is trading below the bottom of its daily profile is going to be 15309 if price closed below 15309 this is a bearish structured profile that's attempting to form the next level of support will be 15109 if price closed below 15109 because it's bearish and structured that would then signal move back to 14810 so those would be and that's in lieu of any new daily profiles that would form there is none at the moment so those would be the profile levels to be watching and observing inside the NQ but we don't just stop there we go take a look at that multi time frame set up at Steve's got that eight panel set of charts out here and that's what's going to show up on the screen next so in addition to those levels let's say 15309 if we look at the monthly time frame chart for the NQ I'll just expand this out you're going to see that its oscillator and change line reading right now John is in the 14659 area so that is also a another downside target now you're not dealing with that until price gets below that 15309 level but 14659 on a monthly basis most certainly is a price target to the downside the oscillator and change line which has been tested several times over the last year or so and that has held we are entering potentially wave I'm not well wave number seven I've got that as one potential topping signal but that can't be confirmed until next month and we also have a TD9 count pattern that is present but the TD9 count can form its high if it's going to form a top on the bar following bar number nine so that could be an October high and my preference folks is that the markets pull back into October because markets that move up into October well there have been a couple of them that have led to some pretty significant declines out there I'm not saying that's going to happen but I am saying it would be better for the market which right now at this stage it's following along that path of moving lower into the October area out there or we could just be in a consolidation which is really the message of the Dow daily TAS market profile but we're talking about the NQ if we take a look at the weekly chart last week what the NQ did John was informed a Roadsman to Mindicator top it did that because it formed a bearish reversal kind of candle and our cloud cover candle now price and blow the oscillator and change line geez its next price target to the downside again we've already taken a look at the profile levels so the lowest profile level there was the 14-8-10 level if price got below that then you're looking at the breakout error 13 460 to 25 that is on the weekly timeframe for the NQ the only way for me to get that John is to use the continuous contract especially now with December just rolling into it last on Friday and won't have enough data so that becomes a price target area now let's get back to the one that's more important to you more important to us that's the daily time frame on a daily basis looks like today will become bar number five of a TD nine count maybe a TD nine count bottom forms just the TD nine count formed at the top we will expand out the daily time frame chart and its target is going to be its breakout level pull this over here to the left that's at 15076 50 so if price closed below 15309 the center of the weekly profile was at 15109 the bottom of the breakout level is at 15076 so the 15076 area is where you should see strong support if price gets down there again that's looking at the December NQ contract now if we go to some of the intraday time frames a 30-minute chart as an example the 30-minute chart out here shows a nice rogement of indicator signal we were taking a look at this yesterday as we were going into the close I think I wrote about this uh just as we were as we were coming back on the I think I can't recall now it might not have been the NQ that we're looking at it might have been the ES it doesn't matter my memory is not so good here's what we do know we know that at uh three o'clock yesterday another a piercing candle form that was a bullish reversal candle confirming that road's momentum indicator signal since then we've had an A to B equal CD to the upside so that completed that looks like this this again the 30-minute time frame chart so here's your A to B point all I'm going to do is just move that A to B point to the C to D level that would take us to about like about right there so you can see that that pattern completed completed form to bare sash candle all price is done inside the NQ is pull back into support the bottom of the profile 15398 so what do we know about the NQ formed a beautiful bottom road's momentum indicator bottom goes on makes an A to B equal CD completes that pattern was priced to remember any top or bottom pattern all it's really suggesting that price to do is get back and test support so on a 30-minute time frame the NQ has done that now the NQ is trading with inside its profile know you'd like me to tell you where price is going to go from here all I can share with you and maybe you didn't know this before we got on the segment was that in the 30-minute time frame the NQ is pulled back to test the level of sport that could be setting up a larger A to B equal CD pattern I'm not going to call back just yet because price needs to close about 15 439 or 3 that's not the high of the day that happens to be the high of the current bearish structured profile that price is trading in if price can get above that then we should see this morning's highs revisited out here but has the NQ broken down I mean we looked at the daily time frame chart and absolutely that has a different message in what's going on short term but right now short term says hey not so fast to the downside that's what the 30-minute chart says how about the other time frames out here well if you look at the 60-minute you in essence have the exact same message out here if you look at the 120-minute time frame I don't have any message for you I mean I have to go back and look at the A to B equal CD patterns and I'm sure there are some there the only message here is that price found resistance on the bounce up at the top of that profile which is 15 471 that would be a level to take a look at if price can above that that tells you about a further rally a price closes below 15 364 that tells you that you go back and revisit the lows of yesterday but maybe even do something more than that 240-minute time frame chart the oscillator and change line is acting as resistance the same thing on the five-hour time frame chart so I'd watch the 30-minute chart out here inside of the NQ I know you're asking me for all those downside targets out here but the 30-minute chart is saying hey hold your horses hold your horses let's go ahead and see how the how that plays out to see if Tim Cook can run in and save the day for Apple so John I hope that helps answer your question with regard to downside targets inside the NQ thanks so much for writing in well check the email here real quickly see if we've got any messages we don't have any messages so let's just uh let's stay on this part here and as we did for the NQ let's go take a look at the different instruments let's go take a look at the Dow so take a look at the Dow equity future contract downside targets inside the YM first is going to be 33 and not in this order I'm just going from left to right so on the monthly time frame chart the asset there's no topping signal at all on a monthly time frame at least not just yet we have to let September complete but a downside target you would anticipate price fighting sport at 33, 854 33, 854 is that what I said yeah 33, 854 and prices trading below the bottom of that new daily profile that's attempting to form so that's a possibility but we know that really what the Dow is doing is just consolidating inside its weekly time frame so the key number in the Dow the key number in the Dow is going to be 34, 392 the price closed below that then this 33, 854 range could actually come into being we'll finish off the Dow as soon as we get back from this week for you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the 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fibonacci formation setups including guard lease abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month 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 this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com so we're taking a look at the dow equity future contract that's ym we're now going to the weekly time frame chart and the weekly time frame chart we know that this formed about four weeks ago roadsmint of indicator top and uh that would suggest if price were to close below 34392 that doesn't show up on this chart but that is the bottom of the weekly profile out here then the price target becomes 33623 that's the weekly breakout area on a daily time frame out here all we have is a sell the deep one so that's a topping signal out here price and below the bottom of that profile 34392 has to fail if that takes place even though we've got 33623 the daily breakout level would be at 33530 now this is live so at 1.30 in the afternoon what do we know about 1.30 in the afternoon on a 30 minute chart out here well there was a roadsmint indicator bottom pattern on the 30 minute time frame that actually confirmed right here with this bullish reversal candle that was at two in the morning that was after price moved up found resistance at the bottom of the profile that existed pulled back was basically a double bottom test it missed it by a penny or two i believe and then price went ahead and took off and formed an a to b equal cd to the upside as we were coming to that 130 time frame price was retesting that prior low out here so that prior low by the way is going to be or is 34481 now what i don't really have out here is a bottom signal to go with the hammer candle that took place at 131 but you do have a hammer candle that did form at at a prior set of lows out there so what that just simply communicates to you and i is that with regard to traders on the 30 minute time frame they are trying to hammer out a bottom at prior lows out here can they well i was going to say or i did say that if price close blood 34481 that that might then suggest price moving lower but because that was a hammer candle it's now the low of that pattern or that candlestick at 34432 so that's the key level to be observing and watching what should take place here well because it's outside of the profile i would be guessing and i don't know price might get up into test that oscillator and change line but i don't really have a signal other than the hammer candle at the prior low to say that that's going to take place but what we do know is that on a 30 minute basis those traders are trying to hold that level so close below that that would say hey we move lower you have the same kind of pattern going on on the 60 minute time frame 34482 that's a td9 breakout level so again potential level of sport and i don't have anything else to share with you on the 120 240 or the five hour chart so we've done the nq we've done the dowel let's go do the russell 2000 then we'll finish this off by taking a look at the es mini and the case of the russell 2000 what do we know well we know that on a monthly time frame support is at the 21 62 level i believe that's it oops i've been up to it this way 21 62 so that's it's downside potential support weekly time frame all we've had is a sideways consolidation ever since this formed a rogement to mitigator top that topping signal came to us on march 19th and ever since then in essence we have a sideways consolidation you've seen that on the daily setup up here if price is going to continue to move lower its next level of support is going to be a 21 65 21 65 is daily breakout level the 30 minute time frame chart here just confirmed a rogement to indicator bottom as we came into that 130 time frame now we'll expand this out so the ideal setup here would be if this is form that pattern into this fuller structured profile is this full structure profile in a most certainly is so the bottom and the center 22 15 60 they're both at the same level out here and so this is suggesting that price should one target the oscillator and change line that's at currently at 22 23 and if price can close above the oscillator and change line then price should make its way up to the top of the profile that's at the 22 32 level so the rustle 2000 as we speak right now has generated a 30 minute rogement to indicator bottom with a bowler structured profile that's really the type of setup that you want to see out there and that suggests again its price targets its battles are going to be the oscillator and change line 22 23 or so and then 22 32 the top of its daily profile on a 60 minute time frame i just simply have price pulling back and retesting its rogement to indicator signal from yesterday the same thing on the 120 minute chart the same thing on the 240 so it's got valid bottoming signals that have not been taken out something to think about so those are the patterns to be watching there let's go take a look at the es mini and round this thing out as we take a look at the es mini here's what we're going to find the upper left monthly time frame chart its next potential downside target for that time frame would be 42 47 the oscillator and change line the es mini i'm sure i can come up with an a to b equal cd pattern that was confirmed with last week's bare sash candle that suggests this is outside of the profile so on a weekly basis for the es mini next downside price target the center of its profile 44 79 i'm sorry 44 19 and then below that would be profile wise 43 21 here you've got in a price close below 43 21 the weekly breakout level for the es mini is at 41 26 that would be its price target now bar number six should form today in the es mini and prices pulling back to its breakout level of 44 26 so that's really its next downside price target out here the 30 minute chart i don't have a lot oh it was a td9 count that we were looking at in the es mini so i mentioned uh if we take a look at the russell 2000 that the ideal trade setup is forming some type of bottom and and price getting into or being inside a bullet structure profile such as the rty such as the russell 2000 inside of the es mini yesterday we had this form a td9 count bottom on the bar following bar number nine and on the bar following bar number nine um that low was at 44 36 50 that has been retested again this morning here this came in at the 130 hour this td9 count pattern at the bottom on the 30 minute chart is still in place out here after that pattern form the very next thing or about an uh an hour later exactly an hour later at 330 a bullet structured profile form and that's really what you want to see because that's going to give you bullet structured profiles are going to give you a key level of support it doesn't guarantee that the trade works but you're really looking for support you're looking for buyers obviously if you're going along so we use those bullet structured profiles so on the 30 minute basis we're to summarize everything on the 30 minute basis everything's just come back and retested bottoming patterns from yesterday that kind of goes along the message of what the daily dow equity future contract showed us which was a new profile that suggests a consolidating market and that's the signal that we're going to go with at this moment now so we've been through those i guess we could go through gold as long as i'm over on this screen out here so let's do that we've got about a minute and we'll finish this off so in the case of goldilocks if gold can close above 1799 20 that is a daily oscillator and change line that would be a positive development and may say that there's more rally to come now your question should be rally to wear stevo excellent question the rally should take us up to the top of its profile again this is the december contract we're looking at and the top of that profile is an 1820 so a close today above 1799 20 should take gold up to the 1820 level if i look at a 30 minute time frame out here what do we see on a 30 minute basis we see that price closed above a key level of resistance that was 1798 that is suggesting rally on for gold if we take a look at the 16 minute chart it broke through td9 breakdown resistance same on the 120 trained above the top of the 240 minute profile at 1803 and above the top of the five hour profile at 1801 gold is signaling to and i that it's got more rally left that more rally may only be up to about the 1820 level because that's more rally we'll be right there are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clearwater markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today at 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on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv so we're taking a look at the next question that had come in this is coming in from Rich in Oregon hey Rich thanks so much for listening out there and and writing in and Rich's question goes like this does your charting indicate a reason to hold MRO MRO is marathon oil at this time period in September and going into October so Rich what I have up on my screen here and you're referring to the unfavorable seasonal time period the September October time period out there so that's the why I believe that's why Rich has mentioned that now what I wanted to put up here right now the correlation that we're looking at this is marathon oil up at the top the center is lights wheat crude and the bottom is a five-day correlation so when those bars are to the upside above zero that tells you there's a positive directional correlation so we can conclude from this and for the most part marathon oil trades in the direction of of lights wheat crude now what I can also do here and we'll do this just curious I had no idea what the results are I don't need to know we're just trying to figure this out so so we've got that positive correlation does marathon oil also have the same type of correlation to the stock market so what I would use here I think I will use the s and p five I just use the spies just put the spy in here and up with the spy down below SPY and this will give us our correlation and yeah there's a directional correlation there too so what do you do well first to answer his question with regard to is there a technical reason that's a question is there a technical reason to my church so uh cancel this would I do there oh lord okay back to it so the question is does the charts indicate a reason to jettison this position so the first thing that we'll do we'll stay on this black background chart out here it will go to the multi time frame the three different time frame so when we take a look at marathon oil rich prices trading above the top of its daily profile that's normally a bullish signal that says go then to the weekly the weekly says you're consolidated inside the weekly the daily says it's now bullish price would likely target 1271 we don't have any close below support so I can't say to jettison the position and prices consolidated with inside his brand new weekly profile with resistance being in the 1201 to 1278 level let's go take look at marathon oil's other chart patterns we're going to switch over switch screens we're going to go to steve's eight panel screens out there monthly time frame you've got a td9 count top price is consolidating inside that profile td9 count top on side though in the weekly you've got a arrangement a indicator pattern where prices pulled back and is tested and held its breakout support level so the work to the downside inside of marathon oil may be done that was at 1087 the daily time frame maybe is trying to form an a to b equal cd to the upside we don't have that pattern just yet price would need to close above and if you could close this marathon oil 1219 do with more than 11 million shares you'd then have a confirmed a to b equal cd to the upside the 195 minute chart says that if price can close above 12 dollars and 40 cents rich likely we're going to see the 1271 fulfilled 1240 is the td9 breakdown level nothing giving us much information in the 130 nor the 65 um 30 minute chart showed a roadsman to indicator top price pulling back and holding support which is 1180 i get no reason to sell there and a 15 minute chart not a ton of information so the answer to your question is to your question does your charting indicate a reason to hold mro at this time period the answer is yes yes so it's yes out there now no idea when you got into this trade or what have you i would say though a close below 1090 that could be problems that could certainly take price back to the 969 level that's the bottom of that new monthly profile that is formed but right now as we speak rich in oregon yeah i don't have a signal i don't have reason to tell you to close it the next question coming in from hector and the fuel injectors and so we're staying in the theme here of oil cvx i believe that is a chevron so let's get that fired up on the on the eight panel charts out here and let's actually go read hector's question oh happy taco tequila tuesday now that's a powerful combo out there i may have to take you up on that although you know i i i'm over covid but i still have the one symptom the one gosh darn symptom of no taste which you guys already knew i had no taste um and no smell and well that's that could be a positive thing although i'm not really sure how that really works out there um that's the that's the only negative thing so if i drink tequila or any alcohol it literally tastes like drinking rubbing alcohol so as you can guess steve really doesn't drink much anymore and not until that taste comes back and it is many pipset out there hey steve oh you didn't have taste to begin with why would you want that to come back in any event hector's asking about chevron get to it already so cvx we are chopping at the bit to load up on chevron okay for potential 10 pop up between now and christmas what are our thoughts so let's take a look at the charts out here first on the monthly time frame i don't have any kind of signal to speak up prices trading above the top of the monthly profile so hector's lungs it holds 95 90 that's a positive thing the weekly has got a roadmap to mitigate her top and prices below the weekly profile so this says you can't really load up the truck until price gets back above 98 63 i'm not talking about intraday i'm talking about a weekly close above 98 63 yeah that's what that's saying and even if it does that it's got resistance potential resistance at 101 15 that is the oscillator and change line for the weekly time frame now the daily absolutely has a road's momentum indicator bottom but all that has done is led to really the sideways move out here um and prices actually even below the daily profile of 98 06 so so what do you do you know i go to the 95 minute the 195 minute chart it really shows what the daily does 15 minutes i've got a td9 count bottom price has to close above 9704 on a 15 minute time frame to suggest a move to 97 47 or 98 35 no pattern on the 30 minute yet yeah it shows a td9 count above 5 was the low of that pattern so that doesn't qualify as a bottoming signal out here so i don't know hector what is it that is going to take chevron out of this little consolidation on the daily time frame did i delete it well hector that was a very unsmooth there is there it goes that hey stevo you really have no taste out there instead of expanding the chart which is what i wanted to do i actually closed it out so that's a bummer but not too much of a bummer steve he's always got a backup plan plan b out here and plan b says uh let's go take a look at the black background chart so as we do that what i was going to say to you hector is what is it that you've got that tells you that chevron is going to bust through this little consolidation that it's in and so the only thing that i could then say to the extent that you want to load up a truck know that we've got a nice daily roadsman to midi cater bottom is let's go ahead so this is pulling back today the last time swing point was down at the bottom of that consolidation was on september 9th 10.2 million shares you're already at 8 million shares it's inside that swing point so if you want to double load up on the truck then wait for price to get back and test that september 9th low and that's at the 95 35 level out there uh but remember dangerous though because price is below daily weekly uh not up below the monthly profile just yet so i don't see the load up your truck uh just yet even though lights we crude is trying to form an a to b equal c so i hope that helps you out hector and i hope you have a good tequila taco tuesday you do me a thing you have a shot for steve look you're right sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 am to 4 pm 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 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price is pulling back hector it's 864,000 shares but volume is only one element of the trade what what is not good about ticker symbol pld pro lodges right now is that yesterday price closed below the defense and that means that the quarterback got sacked or is about to get sacked and because when you when you when you lose your defense which is the bottom of the profile that's at 13353 uh that says uh hey defense is going to be able to push through so they're going to push that quarterback back to the yard line of 130 36 130 36 happens to be the top of the barest structured weekly profile that form below price which is a bullish message so it's either price pulling back to the 128 92 the center of that weekly profile or 130 36 that would more likely be the price target there for some type of bottoming pattern now what you'd want to see take place at as that is happening is you'd love to see a TD nine count pattern or some type of bottom form out here right now since it's going to be day number four we'll go with that TD nine count as the potential pattern out here and that's what I see when I take a look at ticker symbol pld so yeah it's got light volume but and and not having these task market profiles definitely or having these gives us a competitive advantage because we know right where the defense lined up and that defense got mauled yesterday as price closed through it now we always like to have two consecutive closes to confirm that message and as long as price closed below 13353 a hectare that is the message for pro lodges Inc. So folks stay tuned we've got two more great hours lined up for you your favorite polar bear David White he's up next with the power trading hour Tom O'Brien he'll take us on home I'll be back with you on wonderful Wednesday I want you to have a terrific a taco and tequila Tuesday thanks much for being here folks building wealth trading in the stock market seems