 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks. Welcome to the March 27th the magnificent Monday edition of today's Trader's Edge show. I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope you're going out there is having a great day. And 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 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 but even more important than that and that's this. They're in 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. No if you've got a question but you can't pick up the phone and call in you can always send me an email. Send that one off to steve at tf9.com but inside that subject heading please put radio show question. Of course if you're inside our tiger stand well then any in every ping we'll do. So let's go ahead and get this show started on magical Monday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We got a mixed bag out there. The Dow's up 132 and the S&P's up 5. The Nasdaq 100 is off 48. The Russell's up 9. Summai's are down 29. Trannies are up 53. Gold's off 27 bucks. Silver's down 19 cents. Sights we crude is up about 69. Natural gas off 11 cents. 30 Treasuries off 1.8 takes trade out of 13103. Lead the charge dollar wise. The upside you got first citizens bank shares. The 47% 275 bucks. Mercado Libre up 10 bucks. About 1% Domino's about 8 bucks. Two and a half percent. Simpress PLC is up 25% nearly 8 bucks. Aralea Automotive 7 bucks. About 1% to the upside. The downside Coinbase down about 6 bucks or 8%. American Tower down 5 bucks. 2% monolithic power systems of 6 bucks. 1% Broadcom 4 bucks. Less than 1%. SBA communicates up 1%. That's 4 bucks to the downside. We got the first question. Let's answer the first question. That's the only question that we've got. Then we'll go on to today's take a look at the equity markets out of this from Dan inside the Tiger's Den. Dan is looking at BCLI. The question or the goes on. Says FDA granted an ADCOM meeting one step closer to their ALS treatment reaching the market. Interest in long-term overhead resistance. Well Dan, you asked and you shall receive. Now by long term I'll give you the monthly brand new profile has formed this month. It is a bullish structured profile. So your support level there is down at 1.45. Your resistance area is 4.70. Now that's way up there. 4.70. A close above the center of that profile. 181 is what you're looking for. Typically if you get a close above the center of a bullish structured profile price will make its way up to the top of that profile. Now we'll take a look at the other charts as well. The other resistance levels if you're looking for more of an intermediate term time frame, that price found resistance this morning as a gap to the upside. So you had a nice gap above the top of the daily profile but that ran right into the top of that weekly profile and that number is 180. So if you get a close above 180 this week and that is a bearish structured profile that would be a bullish signal for you as well. Lastly let's go switch over. Take a look at that white background chart. This is for Dan. What we'll also see is we will see on the white background chart especially on the monthly time frame we'll see how price has been contained right now by this red oscillator and change line. So you're really looking for both a close above that 280 or 181 level but really it's going to be that red oscillator and change line. That you'll need to see price close above to then suggest that it's going to make its way up to the 4.70 level out there. So Dan that's the answer to your questions. I hope that helps you out and thanks so much for writing in and have a magical Monday. Let's go back to the black background set of charts here. We'll stop by start or stop. I take a look at U.S. equity futures. So move over to those charts. Yes Mr. Bill Esther had a very happy birthday. 95 it was a great celebration on Friday Saturday out there and a wonderful time. We should have eaten at a restaurant that gave you know 1% off for every year that you're alive. We didn't do that but yeah it was a great time great weekend and she's on a 96 out there. So let's get back to the charts out here. So thank you for asking. Much appreciated. Let's take a look at the four equity future contracts right now. We've got the ESMini that's in the upper left hand side. It's got that sell the D point pattern that was confirmed with that bearish and golfing key reversal bar that formed there on March the 22nd right now even though that's a bearish signal price is trading nearly above the top of its trade writing resistance 4007 or at 4005. In the case of the NQ we're really just still trading with inside that swing point from the trading session of February the second. You need to see a close above that that would be 13068 but really now you need to see a close above 13082 for this A to B equal CD pattern to come into play out here. Why? Because as the roads went to indicator top and that resistance level would be at 13082. The Russell 2000 I'll go to the Dow afterwards but the Russell 2000 already had a TD9 count pattern. That was at the support level of 1708. That pattern formed back on March the 20th and then on Friday the weekend to see out there generated a bullish hammer candle at its support level at the bottom of its profile. That confirms a buy the D point pattern. It's got a TD9 count bottom pattern. Do two bottom patterns make it stronger than one? The answer is I don't know. I don't think so. By either way you've got two strong patterns out here. Now what price is doing is consolidating with inside its profile so with regard to the Russell 2000 you're watching 1811 price close above that says you've got a change in trend and then to the downside you're watching the low of that hammer candle. That's going to be at 1703 even Stephen. So bottom pattern there bottom pattern. Well now you got actually a topping pattern inside the NQ. Topping pattern inside the ES and the Dow itself just has a buy the D point pattern with price consolidating with inside its profiles. That's between the range of $31,951 all the way up to the $32,797 level. Expect the choppy market to continue. Why would Stevie say that? Well if we take a look at what's going on market breadth this is no different than it was on Friday no different than it was on Thursday of last week which is why we've got this choppy market. Here is your S&P 500. Now granted we've not taken a look at the ES mini charts other than the one daily that's got that sell the D point pattern which makes sense that okay you got that pattern and we have a weekly bearish TAS market breadth. What do I mean by that? The daily timeframe has 105 instruments trading above profile 172 below profile 105 above resistance 172 are below support that gives us negative market breadth for that daily time frame on a weekly basis we're up at 69 versus 235 man that is a very negative. Now if we take a look at the 240 minute timeframe chart the four hour chart there we've got positive market breadth with 201 above and 133 below so want to take a look at those but where that choppy market is coming from is we have the daily and weekly in the bearish TAS position out there with regard to its speed dials where we have bullish for the 60 the 24 to the daily and the weekly for the NQ but it does have that roads meant to mitigate our top but this is why we have these choppy markets out there at least I believe it's why we have these choppy markets. Steve Rhodes with TFNN we've got the Dow trading up 153 SFP up 7 and a Mass Exxon 43 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 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. 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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 free at 1-877-927-6648 internationally at 727-873-7618 folks so we got a question inside the Tiger's Den it's the only one that we've gotten the queue so I would love to hear from you Steve at TFNN.com or 877-927-6648 of course any ping inside our Tiger's Den so this question coming in from Dano and Dano's question is can you give your analysis on the Russell 2000 is a poise to make some catch-up moves to the rest of the market so in that last break remember what we took a look at were the four equity future contracts that ES has a top and the NQ has a top the Dow's got a bottom and the Russell's got a bottom just more to the to speaks more to this consolidation choppy move that we've been having in the marketplace out there if we open up the daily time frame chart for the Russell 2000 I pose this question back to Dano and everybody else inside the Tiger's Den which is what would price need to close above in order to signal that maybe it does want to play that catch-up move and what we can see here is that especially well we have had price that basically has been below it's red it's green it's also in change line regardless of color that's been below it ever since for the most part February the 7th it's now February the 27th so 20 calendar days out there and we can see that that we've had two rallies recently one on March 21st one on March 22nd we've got today's rally and we can see that what prices found resistance has been that red oscillator in change line so Dano this is just a game of probabilities the probability is that a close above that oscillator in change line because price going to go up and down let's just use the center profile level at this stage a close above 1767 would at least signal that price going to make its way or should make its way to 1825 but and that's the big but out there if those topping patterns are still in place for the nq and the es mini hard to say that it's really going to be able to make that catch-up move you know it needs the es and the nq to take out their topping patterns out there if you didn't write those numbers down on your pad of paper for the es mini that would be a close above 40 74 40 74 if we take a look at the nq that's 13082 you need those to close then we could say the Russell 2000 would want to make that move now on the Russell 2000 so you've got that daily hammer candle we talked about that during that last segment here if we look at the five hour time frame chart so that generator here's your td9 count bottom that was back on the x 20th then down friday you had the road's momentum indicator now on the five hour chart you've got a road's momentum indicator at td9 count bottom price targeting resistance up about 1781 then 1792 then 1799 and then 1802 so there's a bunch of battles for the Russell 2000 to deal with up top on the four hour time frame chart it suggests that it wants to take on those battles because it has a road's momentum indicator bottom with price above profile in the case of the two hour chart out there i don't have a uh a well i've got a road's momentum indicator bottom that was tested that just shows us really sideways consolidation out there but basically about the well i'll tell you the exact number out here the key level that price would need to close above for the two hour chart to get back to its merry ways from a bullish standpoint would be up at the 1808 20 level 1808 20 on the interday charts out here you've got uh what do you really have just the 15 minute chart that's got that road's momentum indicator top with price getting back to support 1754 60 so on a real interday basis out there dano watch 1754 60 to the downside to close above that the Russell is going to suggest lower price but with regard to the signal as Russell get ready to take off to the top side i think that the the the three things need to be paying attention to what's the nq story what's the es mini story right now they're at a top story and then the third thing is where is Russell 2000 trading in relationship to that daily oscillator and change line and you'll use right now the figure about 1767 is the number to be paying attention to so hope that helps up helps you out uh today's really ramp up went up close to the top of the daily risk ranges and rolled over for it it's worth okay cool cool um miss a nice top of railroad short setup uh okay Steve this is for itto visual that's the only other question i know about the moment so let's go to it and you know visual is trying to take a look at goldman sacks the question is Steve how does goldman sacks look as one of the banking leaders out here well if we take a look at the stock chart out here what do we have i do not have a bottom pattern is in place on the daily time frame i have price gapping up today but just testing resistance and resistance is the bottom of that profile so the number you're watching today is 318 97 you know if price can close above that level let me make sure i give you the correct 397 shoot where is it uh the heck if it can close above 318 97 318 97 or 318 57 if it can do that then what we would likely be looking at here you know is a move up to the 327 332 area that's a daily bearish structure profile but right now it's um no bottom sit well i take that back i take that back today's gap to the upside as long as it holds confirms erosement of indicator bottom so that's the first thing to know goldman sacks assuming that the gap to the upside holds it does have a bottom it's writing a resistance that's the bottom of that profile if price can close above that again that says if price gets back to 327 to 332 on a weekly time frame i see an a to b equal cd to downside what's missing is a bullish reversal candle on a monthly time frame we have goldman sacks that just consolidated with inside its profile the support level is down to 291 we're trading at 318 and the resistance area is up at the 358 73 ish area so the question was is how does it look with regard to it being one of the banking leaders out here questionable at this stage here uh but the daily is saying i want to try to make a move higher the question is can it take out the resistance level that bottom of the profile now just for the heck of it let's go check out goldman sacks let's see what kind of seasonal pattern goldman sacks typically has this time of year however that's not taking place come on give me a well that's weird well kudoki um i don't know why it's not doing that let me that's very weird so i got a problem oh no apple pops up goldman sacks most certainly pop up here there no well okay well as much as i'd love to give you the seasonal pattern for goldman sacks i can't let's try this though steve's got a game plan b what's simply the xlm so here's the xlm is that the xlm that says apple what the heck all right folks i just got some problems here um got the nsa it must be peeking into our system so sorry about that and i don't have the time to reset it so that's where we're at with regard to goldman sacks i'll help that helps you out uh you know uh dad writes in how about pct so let's take a good pct and get that populated on our screen out here we will skip the seasonal patterns because i don't know what's going on there but pct is pure cycle technologies currently trading at about 629 as we speak um we are trading above profile dan uh let me see here what was your question i'm a pc $50 call options at 11 bucks for both may and august expiration someone likes the upside that's two times the current price yeah so uh where price is likely headed to what you do like is uh friday's close was above the top of that daily profile at 601 the price target to the upside is at 717 it's trading that swing point from march 16th that did buy him a three million shares out there so far today you've 437 thousand shares but it does look like it wants to target 717 dano we'll take a look at this further when we get back to the screen 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 the xiu 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 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investors 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 welcome back up folks so we're taking a look at ticker so a pct this is for um i think it's staying inside the tiger's den and uh so what we what we take a look at the weekly chart there's a confirmed by the d-point pattern that formed two weeks ago with that big old bullish engulfing candle price right now dan is consolidating with inside his daily profile price above that oscillator and change line so it's hinting at a move towards 701 so we got 701 on the weekly we've got 717 on the daily as price targets the upside the monthly chart has a td9 count bottom pattern that is still in place out here that bottom pattern by the way that formed the um january 2022 really completed in february 2022 so for a full year and that's been tested this month and that has held thus far so that's nothing more now that volume let's see what the volume test is there was 19 million shares back in january of 2022 so far you're at 100 you're at 126 million this month typically when you test a swing point with volume which this is most certainly doing on a monthly basis dan typically price will get back down there and test it again this doesn't tell us when so i'd watch the the daily in the weeklies right now i'd watch that 701 to 717 area that's where you'll get some type of uh release of information to you so hope that that helps you out with regard to pct thank you so much for the request next request coming in from agape inside the tiger's den watch take a look at bb ai that is the big bear ai holdings and the question is can you please look at it yeah looks to me like it's trying to go higher but so far can't get above the 200 day simple moving average what level do you see that would indicate to you that it needs to get above in order to go higher well on a daily time frame that's very easy for me to answer for you mcguppy because we have a td nine count bottom that formed in this instrument on march the 20th typically when you do that you go test resistance well it was with inside its profile for the most part and the resistance it's testing is that red oslater and changeline now we can see how it's active resistance for the last four today would be the fifth trading session if it can't take it out a close above it and it would be by the way approximately $1.97 let's call it two bucks if price can close above two bucks two buck chuck then that ought to take us up to the 257 to 298 area so with regard to what is it you've got a 200 day simple moving average that's acting as resistance on our charts we've got an oslater and changeline that is acting as resistance to totally different calculations not anything that is similar between those two but that is your resistance area if i take a look at the weekly timeframe chart well guess what we got the same kind of situation out there prices found resistance at its oslater and changeline the weekly is at 196 so you got a weekly at 196 you've got a daily at 197 and the monthly just not enough time has traded time has passed with regard to trading activity for us to generate any kind of signal whatsoever so your specific questions what do we need to see that indicate that price is going to go higher a close above the red oslater and changeline preferably on the daily timeframe for two consecutive sessions then that ought to get you up to the next resistance area and again that's at 260 and above that is at 298 so hope that helps you out but guppy with regard to ticker symbol b b a i and thank you very very much for that request let me just check the email lines see if there's anything that has come in the answer is there is not so what i want to do next folks let's go take a look at uh goldilocks gold trading lower today let's go see what it is doing gc we got the april contract that's still in play out here what it was doing this morning you'll see as these charts pop but his price was playing back to test support no topping pattern out there that i've got if we open up the charts here here's the daily timeframe we can see that there's you see a td9 count pattern but it's bar number seven that made the high for my work that does not qualify as a topping a pattern out there but nonetheless what price is done is acted like it was a top and is pulled back and is tested and so far it has rejected screen oslater and changeline so long as price remains above that doesn't matter intraday remains above it on a closing basis that being 1947 60 conditions will be bullish now because price is below the top of that profile 1959 40 it's not as um bullish as it could be um so we'll call more neutral so neutral until we get another close back above 1959 40 then it just simply changed to all out bullish now it's possible that there is a retracement here now there's a couple different a to b equal cd patterns but there's certainly this one would qualify the retracement down here on march 22nd that pullback but if that's going to take place you need to see a close above 2014 90 that's the high from march the 20th out there so that's what the daily timeframe chart is communicating to us with regard to gold i don't have the weekly and the monthly on the this set of charts out here but we do have intraday time periods five minutes being one of them price pulling back and basically testing support the bottom is profile and you've got breakout support not much further below in 1940 60 you've got a td9 count pattern that is going to complete at 2 p.m on the forward time frame chart now i say that now we still have over two hours in there so if there were to be a gigantic rally and if price were to close above this is by 2 p.m close above 1976 30 that pattern would get negated but right now it doesn't look like that's in the offing and on a four-hour basis you're going to get gold with a td9 count bottom that should then take price to the 1966 to 1978 ish area out there a no bottom pattern on the two-hour chart you've got a td9 count bottom on the 60 if we open up the 60-minute timeframe chart what we know here in order for gold to get its mojo this price is going to have to close above that red oscillator and changeline so far that has been hit which it was during this half-hour session and it has acted as resistance if price can close above 1959 we'll call it that says 1958 10 on my system we'll call it 1959 well then that's only going to assure us of a rally up to the 1962 area why because at 1962 70 is where the sellers are hanging out on an hourly basis but you take those folks out and then you've got to move up to 1978 80 out there that's courtesy of that one-hour timeframe chart for gold eluxe what more do we have you know the other intraday charts meaning 10 15 30 they've got bottom patterns price has not been able to take out resistance which would be up at the 1959 levels we're back to 1959 as a key area to watch which is the level that you need to see price close back above on a daily timeframe for the gold contract to say hey i'm bullish out there now that's completely different than what we have going on in silver if we take a look at silver let's go over to the may contract for silver what we're going to see there when the daily chart here populates is a TD nine count top that formed on friday we'll open it up you can see it what should transpire from here is price should pull back and test that green oscillator and changeline right around 22 23 that number is going to change what we're looking for there just like we saw with gold is for price to pull back test that if a test rejects it that becomes the next potential entry point and that would also be a bullish signal and at this stage here price would also be above the top of the daily profile so silver does look like it wants to pull back even in the case of a dollar that's moving lower it's got that TD nine count top but if price does decide to get bullish well it gets real bullish when price closes above really two levels 2370 but more importantly 2386 so that's what we see when we take a look at both gold and high host silver out there i really had called gold somewhat neutral to bearish less price close above 1959 and silver is um got a top but it's above that green on certain chains i'm going to call this more neutral to bearish as well so with regard to requests out there i would love to hear from you folks you can send me an email steve at tfn.com or inside the tiger's den you can just send me a ping public or private steve roge with tfn they got a mixed bag out there the dowse up 182 s and p 10 nasa one it's off 54 the russell down is up 11 bucks we'll 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 tfn.com the opening call newsletter is written by basal 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 and stock prices get the opening call newsletter by basal 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 tfn.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 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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 direction shares 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 for side fund services LLC this program is brought to you by Vista gold traded on the NYSE American and TSX under the symbol VGZ got folks so I've got a couple of questions that are in one from a guppy inside the tiger's den the guppy is asking about a wheat trade that I did in the newsletter back in December and I was just asking questions about that my guppy I'd have to I can't really get back that easily to that contract which is what you're asking about you know what was it that I would get me into that trade so if it's okay with you and even if it's not okay because I'm going to do it because you can't answer me I'm just simply going to take a look at the wheat charts with you and tell you what the wheat charts are showing right now now I'm certain that some of this would have impacted that trade as well when I say some of this what we're looking at here beginning with the monthly timeframe so I'm just simply going to open up the monthly timeframe for each of us to take a look at what we can see here this is the May contract that we've got up on our screen that this top with a TD9 count now this is a monthly timeframe that we're taking a look at and right now we are in bar number nine on a monthly basis it is going to complete a TD9 count bottom and it is doing it right here at breakout support at 681.75 so the monthly timeframe is definitely telling us that we should be looking for a long term trade with regard to wheat if we take a look at the weekly timeframe what do we have out here well back in December just to kind of give it give you a feel for the flavor what we can see back here in December at least was there was a TD9 count pattern that completed the week of December 16 so I'm certain that that would have influenced that trade that you were talking about inside of December out there and then what price did was it just simply got up during that time period and got up to its red oscillator and change line consolidated with inside that profile for a while but as we speak right now on the weekly timeframe whereas we've got a nice topping or bottoming pattern on the monthly we do not have the same thing on the day on the weekly timeframe here all that we have well we don't even have that I have price coming back to a breakout although we did see a close below that so we've got a nice pattern on the monthly we don't have confirmation on the weekly what do we have on the daily turns out that on Friday MacGuppie what wheat did was it confirmed a roadsman to mitigate her bottom it did it both with a three river morning star it did it with a bullish engulfing candle and now what we have is prices trading with inside its daily profile that profile runs from a support level down at 67740 all the way up to resistance at 71250 a price can take out the 71250 level it should gravitate up to 78450 that is a TD9 count breakdown area so it would have been certainly the influencing factors at least with regard to that December trade would have been the patterns that we're going on inside the monthly and the weekly timeframe as well as obviously what was going on in the daily back then but here what we can see is you've got a nice bottoming pattern on the bundly and on the daily price should target that 71250 I do not know whether price will take that off but if it does we should continue to move higher and we should see a further rally by the way inside of wheat why you've got a TD9 count pattern that lasted for about an hour if no I take that back it didn't even last for a half hour on the 30-minute timeframe chart so that's a strong moment to move in that chart to the upside out there so I do like wheat but you've got some battles up ahead and that next battle would appear to be at about the 71250 type area so I hope that helps you out McGuppy with regard to your question and thanks much for reaching out to me let's go to the next question just from Nancy inside the Tigers Den and Nancy wants to take a look at the NQ's out here really she wants to put up TQQQ so we will do that first then we will do Nancy's we'll give you a 3-4 and the reason is because I had already started it and what I mean by that is so let's first find the TQQQ give her the data she might be looking for and with regard to TQQ well the question goes like this can you put up the TQQQQ if you have time we've got the time you trade interday with this one looking for your take on resistance support for the next few days so again that resistance support is not going to be coming from the TQQQ it just isn't it's trades for you know six and a half hours not counting the post and pre-market out there where it's the NQ's that you really want to pay attention to so you're trading intraday out here what we really need is to take a look at those NQ charts so I'm going to do that sorry just have to if we take a look at the NQ chart and you take a look at intraday and you're looking for signals again I don't know what time frame it is that you use but if you did have a selected time frame that's what I would be focused on as we speak right now with regard to a 10-minute trade you are in bar number nine of a TD nine count as long as this bar closes below 12, 8, 35, 25 and it does that in the next four minutes out here you will have a TD nine count bottom that will complete at 12 noon I'm sorry four minutes so 11 47 three minutes left so it looks like we're going to get a confirmed TD nine count bottom by 11 a.m what should happen there is price should be able to get up to 12, 8, 60 that's the oscillator and change line we must recognize you have a battle though because price is trading below profile support that's at 12, 8, 35 it's not the most ideal trade but it is a trade setup and certainly if you were short and you're using that type of a time frame out there well you'd be looking to really tighten up that that stop or simply take your profits in the case of a 15-minute chart no pattern I mean pattern out there nor do I have anything on a 30-minute the 30-minute here Nancy suggests that if in fact that TD nine count bottom pattern fails on the 10-minute chart we should see a move down to 12, 8, 0, 5, 50 but 12, 8, 0, 5, 50 on a 30-minute basis you could have well one you'll have support or you should have support and it could be forming a TD nine count bottom there so that's what I see when I take a look at the NQs the other time frames are a bit longer now on a 60-minute basis let me just open this up here what do we have we don't have anything really at least nothing now I do have price below profile this could be signaling moved to 12, 7, 0, 5 and a quarter so what you want to do here here's what I would say Nancy I would be watching the NQ and I'd be watching a 10-minute time frame chart and I would be taking my signals from that why you've got a TD nine count maybe it's just a counter trend rally up to it's red oscillator and change line then it's back down maybe this TD nine count just simply fails immediately in which case that would be telling you about lower price out there as far as where's the extent of lower price today well the target of lower price today we take it out about the 12, 7, 29 level that is that daily oscillator and change line so McGuppy I hope that help you out with regard to wheat Nancy I hope this helps you out with regard to the TQQQ series of things out here I guess just for the heck of it I can put a TQQQ right here even those you've done this so the time frames I would use oops didn't work TQQQ try one more time and you see what pops up here for you but ants it's really about paying attention on an interday basis to the futures contract that's going to provide you with the best information to make your decisions about what you should do in TQQQ or SQQQQ or any kind of Q out there so now we're getting a TQQQ series charts populated here if you look at that 10-minute chart dance this is the perfect example of why you use the NQ's and not the TQQQ here I'd be looking at 10-minute chart and I'd be definitely telling you this set up for 25 39 now in fact it may be doing that but your signal is really going to be coming from that 10-minute NQ total different set of patterns out there remember we talked about the 30-minute chart or even some other time frame trade may be forming a TD 9 count bottom might have been the 4-hour chart out there we don't have any such type of a signal here on the 240 or the 5-hour chart so really it comes back to pay attention to the NQ's out there and then go ahead and trade the TQQQ and trade it off of that so I do hope that helps you out thank you so much for the request I see a request here for Greg who wants to take a look at the XLF so let's go up and take a look at the XLF let's do that here can we get that in XLF about that as you can see I have a problem typing today so if we take a look at the XLF the question is would you look at XLF and USB I've been playing the bounces on USB but I have it in a weekly monthly AB XCD down I'm not in right now but like your tape we get back to this break we'll take a look at the XLF which is confirming the indicator bottom right now but price is dealing with resistance it's us that are in change line we'll be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets 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the first level of resistance that's the red oscillator and change line that is currently printed at about 31 49 if price can overcome that then the next area of resistance is going to be the bottom of its profile that's at 31 86 I would say you really need to close above the high of 32 34 in order for this to give you a bullish message to suggest it wants to make that move to 34 29 that's what I see when I take a look at the XLF for its daily time frame you're still trading inside its swing point on the weekly from back in October so there's nothing really to change that outlook you mentioned that you're also taking a look at usb out here if we take a look at it kind of a similar pattern did gap to the upside that gap is still open it does confirm erosement to indicator bottom but price also dealing with resistance at 35 75 that's its oscillator and change line out there it's red and falling so you kind of have a neutral signal to the downside a neutral bearish signal versus a neutral bullish signal out there price has held support at 34 17 out there so that's what I see when I take a usb and the XLF the last question is coming from Michael P Michael thanks for your comments about our good friend David white out there and you want to take a look at ticker some of bntx you are short on bntx we're going to change screens here and the reason is because you're trading into a prior swing point so let's go switch over to the black background screens I believe this will give you the better information here what we can see on the daily timeframe Michael take a look at the swing point from back on the trading day of october the 20th it did volume there of a million shares you've now tested that swing point today and you've rejected it but you're already at 1.1 million shares 1.08 was the swing point so this suggests to steve that price will get back down and at least test that 124 55 level however there's new profile inside the weekly time frame and I would say a close of 129 20 tells us that bt bntx wants to move higher so those are the numbers to watch out there folks stay tuned we've got great programming coming up next you got think or swim and uh larry pesevento tell them oh brian I'll see you on terrific Tuesday please have a magical and marvelous monday take care folks