 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 August 22nd, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, D.B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. Now, the easiest way to do that, well, it's to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift. In every set of circumstance, that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but more important than that. And that's this. You're in this next 53 minutes. I am here to serve you. So feel free to pick up that phone. We'd love to hear from you at 877-927-6648. Now, if you've got a question, but you can't call in, we've got you covered. You can send me an email. Send that off to Steve at tfn.com and inside the subject heading, please put radio show question. Now, if you're inside our tiger stand, well, then 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. We got a mixed bag. That mix goes like this. The Dow is off 131 points. The S&P, well, it just went flat out there. You've got the Nasdaq 100. That is up 43 points. The semis are up two points. The Russell's off three. The trannies are down 50. You've got gold up three bucks. Silver up 13 pennies. Pennies lights. We've crude up 18 cents. Natural gas up a nickel and a 30-year treasury is up 11 ticks. We're going to go out to Newport Beach, California and speak with Garo. Garo, thanks for holding. Thanks for calling. How are you this morning? I'm very good. How about you, sir? I am doing well better now that I hear your voice. And you've got a new instrument. I do mean that, by the way. You've got a new instrument that we're going to take a look at. The ticker symbol is NY... Oh, was that the New York Stock Exchange? Or is it NYSZ as in zebra? NYSZ, Mary Yellow Sam Zebra. Got it. Okay. So give me a second here. So first I'll put it up on Mary Yellow Sam Zebra. Let me get that up on my Garo specific chart. So those will populate here. And wow. Okay. So $2 stock out here. Give me a second. If you won't, Garo, I'm going to go put this up on my other screen as well. And then... Well, I'll tell you, why don't you fire it? So how can I help you with this? Well, I'm getting things set up on my other system. Okay. This one, I bought it on... I bought it $1.18 on August the 14th, which was... Okay. On Monday. I bought 5,000 shares. And I stopped... And I went up a little bit to stock, none without selling it until yesterday. Okay. If you see yesterday on... I sold it at $2.40, which was on the top of the April of this year. That was... Yeah. So I sold them and I got out of it. Today, it went up all the way to $2.74, and now it's backing up. The 60 minutes about this last candle, the 60 minutes went down. It crossed that five, the simple moving average. It hit the bottom dot of the star. I see that. And the star went up. So 120 and 120 minutes and 240 minutes, both of them are bull at this time. And 60 minutes was bull too today, but about one candle, previous candle, now became bear. Now, to me, the way that I'm looking at it, this is going to go down to $1.90, which is the 21 day simple moving average of the 60 minutes. And if it goes there and rolls up, fine. If it doesn't roll up there, it's going to go to 50 day, which is going to be $1.53. Now, I don't know, nobody knows what's going to happen, but this is the way it looks like to me. Do you think this is going to hold here and roll up tomorrow? Or this is going to... This is going to go... Or the parties is over. It's going to go back to $1.50. Something and then $1.30 and $1.20. And it's going to stay there for as long as it stays. Okay. One is that shirt. Yeah, I'm not finished. The other one, if you have the time, if you don't, you don't... We'll make the time. Square SQ, which is the block. The day before yesterday went down to 54 and changed. I bought only 300 shares at $55. I want to know should I hold it or should I get out? Okay. If you have the time. If not, just... But I wanted that answer on that NYSE. Absolutely. Please, and I don't talk any longer. No, that's okay. You're welcome to talk all that you want. Now, I have the... So let's go first to the My Size, Inc. charts out here. It's specifically the 60-minute timeframe chart. And your question is, will this hold? And the answer is, well, it's going to be revealed to us pretty soon. It should hold is my answer. The reason that it should hold, at least at this stage, while looking at this black background chart, is that price is pulled back. Now, I showed already touching the 21-day simple moving average, which I had at 216. But that's not the reason why it would hold. The reason why it would hold is on a 60-minute basis, this has a bullish structured 60-minute profile. What that tells us right now, Garo, is that buyers are lined up in between the 220 and 223 level. If this closes on a 60-minute basis above 223 for two consecutive bars, then that would signal to you and I that price should make its way back to 274. That's all that that tells us on this 60-minute timeframe chart that we're looking at. Before I switch panels, and we take a look at those white background charts, is there any question about the 60-minute timeframe chart and the reasons why I shared with you what I did or the reason why I say it should hold, at least? No, it's fine. I wrote that number down. I'm going to wait because I'm going to go back again and buy another 5,000, 6,000 shares and I'm going to wait. So I wrote that 223 and see what's going to happen for today and tomorrow. Yes, sir. Okay. So that's the first thing. Now, we're going to go ahead and switch charts here. It will go over to my white background chart. See if there's any additional information that we can glean. And certainly I can pull over some intraday charts on a daily timeframe, though, to answer your question. I don't have any, well, the only reason, so the resistance level that I have, so what it was doing yesterday and again today was it was taking on that 239 area, that 239 from back in April. I believe you had mentioned that. It turned out that that was the TD9 account breakdown resistance level. If price were to close above $2.39, that would be signaling to me that price wants to move higher. Now it's only Tuesday and so we don't know what it's going to look like on Friday. But at the moment on a weekly basis, what my size ink is doing is taking on the resistance level of 206. 206 is the top of the weekly profile. If price can overcome that, that's going to suggest a further rally. So the two levels to be watching here, and I know I've given you a couple. One is 226. That's the center of the 60-minute profile. Another is 206. That's a Friday number to be looking at. And in 239 would be something to be looking at a daily timeframe. Gar, we're going to a break. When we come back through this break, we'll finish looking at my size as well as Square. For Garo, Newport Beach, California, we'll be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, Forex Strategies, and Fundamentals What is Behind the Tiger Forex report. 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 in your inbox every day. First-time subscribers also get a 30-day 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 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. Toll free at 1-877-927-6648 Internationally at 727-873-7618 Looking back folks, we're taking a two-person MISZ this for Garo in Newport Beach, California. Garo, when I look at the 15-minute time frame chart out here, I've got one of my road's momentum topping patterns of this in place, and price right now is trading below the bottom of its daily profile. My screen shows 217, I know that it's trading at 222, so I've got a little bit of a delay here. But what price is likely to do here is go test the 207 area. So I look for 207 to hold if that fails, that tells us that this is going to continue to move lower. We've had, in essence, four today could be the fifth day of consecutive moves higher, so it's due for a two-day correction out there. So the levels to be watching on the 60-minute time frame, one of the time frames that you pay attention to watch $2.20 to the downside, a close blow, that's going to suggest lower price. That was a 60-minute bullish profile out there, and I'd be watching a 207 as well. If that level fails on a 15-minute basis, then we're looking at a buck 85 as the monthly price target. So any further questions, any additional information I can provide to you for my size, MYSE, before we go on and take a look at Square? No sir, 15-minute 207 my chart is the 50-day simple moving average. I can see that anything that goes below 50-day, 50-day to me is very crucial, very, very crucial. If something goes below 50-day, it goes in the nice day zone, you know. I got it. Yeah, have a nice day. Very good. Everything matches here. One last question on my size. If it goes higher, and it does all the work you promised to do, at what price, at highest, you think this can go? So then, so good question there. If you take out 239, you close above 239, odds would favor it makes its way all the way back to $838. $838 is a real key level of resistance that had already been tested, and it was tested back in December of 2022. And I'm going to just expand out my charts out here just to make it a little bit easier. I don't know how much easier, but a little bit easier to take a look at. Let me see if I can move this back just a bit. There we go. So even though you can't really see the 838 out here, well, we can't see it formed a nice TD9 count. Bottom price went up there. That was a resistance zone. It still is in effect out there. So 838 would be a price target level. Let me just look at a monthly chart, see if there's anything else here. There's really not. So at this stage of the game, I'd have to go with 838. And how I would preface this is you're in bar number seven of a TD9 count. So let's just say that this goes on to make a TD9 count top in the next three trading sessions out there. Then I would be telling you and I are suggesting to you and I that it's ready for a maybe a see you later, you know, kind of for a little while, at least for a couple of days out there. But we don't have that signal just yet. We just have price up for resistance. And I think at this stage here, you know what to look for. So let's go ahead and move on to square out here. And with regard to square specifically, I'm going to put up my multi-time frame set of charts. So we've got 15, 30, 65, 95 daily weekly and monthly slightly different than yours. I would assume out here. But with regard to if we take a look at the daily time frame chart here for square, first, I'll give you. So I don't have a bottoming pattern. What I do have is a new profile level for you to at least be paying attention to. And that profile level, it just has a top and a bottom. Oh, I take that back. It's got both the top of center and a bottom. So the bottom, which is real key level for you is 5568. If price closes below that, that would suggest to you and I that support has failed and price would likely move lower. If we take a look at the resistance area, that's going to be up at 5854 on any rally. If price were able to close above that, that would suggest to you and I that it's going to rally further into centers at 5759. So I don't know that it's really coming into play that much as we speak right now. The next resistance level on a rally other than the top of this new profile. This is a profile that formed yesterday at 5854 would be 6024. And 6024 is the daily oscillator and change line. That is a level that price must close above to suggest that any rally would have any kind of legs out there. As I look to my other time frame charts, Garo, the one that sticks out at me, there's really two that stick out at me. One is a 65 minute time frame chart and the other is the 130. Both of those have TD nine count bottom patterns. The two are trading within profile. Both of them right now are trading within profile. So they're trading in between where the buyers and sellers reside. On a 130 minute chart that buyers are at 56 bucks. The sellers are at 5768. On a 65 minute chart the buyers are at 5585. The sellers are at 5724. They've already flexed their muscles today. But a real key level for Square, if this is going to make any kind of a turn and move to the upside, I would say that price needs to close above either 5836. That would be the first level. And then the second level would be 5942. If we can take out both those levels, then that would suggest a move up to that $60 ish area out there. But I don't recall if I have answered your question and I hate that a senior moment, a senior moment that I'm having. But if you tell me specifically the question you're asking for it, if I haven't already answered it, I will definitely give that to you. So what additional information can I provide you, Garo? No sir, everything was correct. I was expecting 59 and change that's how much I have. 59 and change, then the trend will change. Then the trend is going to be upward. Until then everything is if some butts and all that goodies. I hear you. I like it when we can use two different systems and we come up with a similar number. I've got 5942. You've got 5942 and change. So that, as Tom would say, is a beautiful thing. So Garo, always great to speak to you and I mean that sincerely when I do say that. So I will look forward to our next conversation. Okay. Yes sir, thank you so much. Thanks a million. Thank you so much for your time and listening to me. Thank you sir. Bye bye. God bless you. That was Garo in Newport Beach, California. So we have two minutes left in this segment here. Why don't we go take a look at the equity futures market. So we'll come back to the request out there. We'll get to bonds. We've got several requests that are lined up. But let's just, let me just knock this out here, the daily equity future contract, see where we're at. So the one thing that's kind of interesting if the Dow equity future contract that goes on to make a lower load today, it'll trigger bar number eight of a TD9 count. Now at this stage here it's too early to tell whether or not we're going to get a TD9 count bottom or not in the future between today and Thursday of this week. So I want to keep an eye on that. We do not have bottoming patterns in the other equity future contracts. I would really have to kind of violate basically almost every principle I have with regard to make an A to B equal CD patterns to try to come up with that. You can go to intraday charts and do that. But on the daily timeframe, yeah, I think we're, I think we'd be too liberal. But what we can say out here is we've got those new profiles. Now the way we go to this chart is on the ES mini. I want you to see the other profiles using the same data using the same data comes up with different numbers that does that from time to time. So here I've got 4369 as support and resistance because this is a very structured profiler would be between 4466 and 4405. In the case of the NQ you've got basically the same profile with resistance being 15179 the YM the Dow is something we really want to take a look at tomorrow and the next day out there and inside the Russell 2000 you've got a new profile as well. Bottom of which is 1850 the top is at 1888. Real quickly here we've got just a few seconds. Let me see which charts are up here. The ES mini on an intraday basis you've got done the 30 minute chart price getting back and testing this breakout level support 4470 and a TD9 count on the 15 minute timeframe chart Steve Rhodes with TFN. Hope you're right back. Hello traders and investors are you ready to elevate your game in the stock market on August 23rd join Basil Chapman the mastermind behind the renowned Chapman wave methodology and a subscriber exclusive 90 minute webinar from 4 to 5 30 p.m. Eastern dive deep into the secrets of the 914 moving average to code market turns and get a head start on the stock outlook for September and October the golden opportunity is free for all opening call subscribers and if you're not on board yet as a subscriber here's the deal new subscribers get a 30 day money back guarantee zero risks all rewards so what are you waiting for visit the front page of tfnn.com now and secure your spot tfnn educating investors as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every 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has 8 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 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com watch Tiger TV that's tfnn.com then hit watch Tiger TV let's get to our first question this came in earlier this morning this is from Mike W wanted to take a look at the 30-year treasury specifically he was asking on a daily time frame oh that's not what the heck did I put up there that was the wrong set of charts that looks like the magnificent 7 to me but that's not what I intended to put up but that's what's up let's take a look at the 30-year treasury now we're looking at the daily time frame chart let me go ahead and expand this out his question is is this going to form a TD9 count bottom and today it's going to become bar number 9 of a TD9 count and as long as price closes below the close of bar number 5 119 in 1230 seconds you will get a confirmed TD9 count bottom the pattern will complete tomorrow this would then suggest a rally up towards its oscillator and change line we can see that that oscillator and change line is really active as resistance 119 and change out there so that's what price should do if we take a look at the weekly chart you're going to also form a TD9 count bottom pattern this week now again the low can come in next week the weekly chart as well as the monthly chart has triggered a rogment of indicator signal much like we can see on the 5-hour the 4-hour the 2-hour even the 1-hour charts out there they've got those rogment of indicator signals you'd love to see a bullish reversal candle on a weekly to tell you that it's a significant bottom but has it bottom I would have to say the answer is yes the daily's got a TD9 count bottom the inter-day charts show rogment of indicator signal patterns as well but price has been unable to do is take out resistance on the hourly basis you had a rogment of indicator bottom went on to form a TD9 count top price pulled back to its breakout level of support right now you're consolidating with inside the profiles Mike I would say if price closes above it's TD9 count top from a 16-minute timeframe that high out there is 118 and 13 30 seconds if price closes above that you should then see that rally get up to the 119 and change level that is the daily oscillator and change line so hope that help answer your question and provided you with the information that you were looking for thanks so much for taking the time to write in the next question coming in by email is to take a look at TWO use let's pull up that screen this is for Vicki I believe and so we've got that screen up on our charts out here and don't recall what the question was maybe just to look at it so right now what we've got in this instrument is today is confirming a by the D point pattern this way it looks like well let's just see if it really got all the way down there so let's let's pull this curtain back just a tad let's draw the A to B level visually it looked like it let's just see if my visual is accurate or not let's pull this A to B leg over to the C point well Stevie was way off base there not even close okay so we didn't we're not go with a by the D point pattern on a daily time frame what we're cold with is hey prices gapped up that's nice and a price can remain above its oscillator and change on that said 332 we're trading above that right now then what this should do further is rally even more and the next price target area would have to be the bottom of its daily profile and Vic that's at about 384 you can get up to 395 395 is where a counter trend move to the downside would end so you've got that going for you just watch that oscillator and change our price closes back below 332 or actually 331 right now that's not that it's not bullish at all and would say to me that price is likely to head lower on a weekly time frame you're below the bottom of its profile prices testing the oscillator and change line no bottom pattern doesn't look great there on a monthly time frame chart you've got a brand new profile that is a tempe that has formed out here but prices below the bottom of that that's at 432 I don't see anything that really looks that good when we take like a TW O out here so I just be careful with that one Vic I do hope that that helps you out Alton the exit that I get off of when I go down to Miami B South Beach at least that is is once take a good Palantir PLTR is a ticker symbol and we take a look at Palantir you've got an A to B equal CD to the downside out here the B point of this would have been the trading day of August 11 volume there was 56 million shares was passed a few days ago with 91 million shares that's a big A to B equal CD to the downside it looks like this I'll draw on the A to B line out there it formed by the way roads meant to mitigate her top now we'll take that to the C point and that gets us all the way back towards its breakout level and at a daily base of the next breakout level is down at $9.46 on a weekly type frame Palantir is consolidated it's got a roads meant to mitigate her top as well so your savior here if there is one is going to be the bottom of its weekly profile that's at 1423 I would venture to say a price close below 1423 Alton then Palantir is going to head lower and 946 would be the area or the range that I would be looking at out there this should do more than 1 to 1 A to B equal CD to the downside if it gets going and watch the 1423 level your next request was a take look at Kassava Sciences SAVA is the ticker symbol there as we take a look at Kassava Sciences yesterday this negated its TD nine count bottom pattern out there maybe it was negated the day before but either way it's negated and prices trading below red oscillator and change line that is a bullish signal a bearish signal to us this is suggesting lower price we're below the daily oscillator change line below daily profiles we're below weekly profiles we're below the weekly oscillator change line but you are bar number eight this says on a weekly basis Kassava Sciences could form a bottom between this week and two weeks from now the monthly chart is in bar number eight maybe what Kassava Sciences really going to do here Alton is go ahead and form a monthly TD nine count bottom much like it did back here in July of twenty twenty two so maybe it's best to be patient with SABA hope that that help you out thanks much for taking the time to write in Mike in Florence where it's a sweltering ninety eight degrees it is late afternoon early evening holy cow it's going to be a hundred he says later in the day and Mike wants to take a look at Apple and Microsoft so we got Apple up on our charts out here what do we know about Apple Apple negated 99 count top out here is there an A to B equal CD there's probably not enough of retracement for me to go ahead and do that on a rally where resistance is that inside of Apple Mike is at the one seventy eight thirteen to one seventy eight sixty eight level if Apple can clear its red oscillator and change on that number is going to go up as a time as time as price moves higher and lower out there but use that as a reference if price can overcome that then that would suggest to move to one eighty two eighty eight out there and that is an Apple we look at the weekly time frame chart price got back tested actually close just slightly below its weekly profile it did that yesterday that did that last week and if it closes back below one seventy five thirty one we're above that right now if it closes back below that that's going to tell some that price to go target one seventy forty two if it gets below one seventy forty two which by the way Mike that's a TD nine count breakout level if price closes below that that tells us about lower price another area possible support so you don't get no support on the daily time frame the weeklies got it at one seventy five thirty one one seventy forty two and a monthly level of support would be at one sixty eight seventy nine so that's what I see on a daily weekly and monthly time frame let's finish this off I take a look at the thirty minute time frame this for Mike and Florence and Mike this had formed a TD nine count top that was immediately negated this is telling us that on a short term time frame what Apple wants to do is trade a higher and I don't have any resistance points on the thirty minute time frame chart to provide you with that data instead I probably just take a look at the bottom of that daily profile at that one seventy eight thirteen level so Mike stay cool over there in Florence when you get back from this break we'll have Microsoft up we're going to take a look at the XLE for Hector the GDX for Hector and Tesla someone wants to know where is it going Steve Rhodes with TFN 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 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 and stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors everything in the universe is governed by the 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300 China A share bull and bear ETFs China A shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866 4767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including possible loss of principle 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 folks so right now in the markets let me see where is it that we are at where's TVF we've got mixed bags still dollars off 99 sbs down to NASDAQ's up 19 the other indices well the other cities are trading to the downside we're taking it Microsoft out here right now and this is for Mike in again Mike in and Florence Italy and she's where is it sorry about that and here we go particularly Microsoft which right now is trading out at about three 2392 Mike when it did this one I don't have a bottom pattern out here we do have in this nice rally that it's had its price running right into where the sellers are located Mike and that's up into three third three 2492 level now if buyers can overcome those guys gals close about three 2492 that's going to suggest to move higher but that suggestion can be thwarted if that's a word which it is by the price point of three 2693 and three 2693 is the bottom of its weekly profile we've had two consecutive closes below that if this is only a counter trend move Mike that's where price finds resistance at three 2693 the monthly chart is trading above the top of its profile it's trading above its green oscillator and change line so it's not buying into this idea of hey I want to move lower out there but the weekly is that's what it's suggesting to an eye right now so what would I be watching the rest of this week I'd be watching that price point of three 2693 if you get above that you're going to see a further rally whether it's a daily bottom signal or not now is that going to come to a conclusion at 1143 in the afternoon morning on August the 22nd well the answer here will be we'll know that soon enough why because we have a 30 minute TD 9 count bottom top that is and that says a price begins trading above closing above the high that came in at 10 that's up at three 2608 Microsoft will definitely head lower in the meantime what price should do is pull back and test support and support is either it's also during change line at about three 2248 or the top of the daily profile at three 2277 so even though you've got a top is signal here at a 30 minute basis somewhat neutral because you've got the boulder side of price trade above a rising price asset above zero combined with price trade above the top of that profile out there so Mike I hope that helps you out as always thanks much for taking the time to listen in let's go to our next request is coming from Hector who's what's taking the XLE and this question is where do we see the price that it's time to unload I don't have any kind of a top on a daily timeframe what we have is a consolidation with inside his profile that ranges from 8648 to 90 bucks even Steven on a weekly basis we just have price struggling at the where the sellers are at the top that profile 8914 price above green oscillator and change line I don't see any signal there the monthly timeframe prices trading with inside its bearish structure and area of its profile that's one to 9471 but price above that green oscillator change I don't see anything bearish there so is it time to unload the XLE I don't see it in the charts here Hector and Patty so hope that that helps you out I know with regard to the GDX you're looking at the exact opposite side and what you'd like to do is you'd like to back up the truck so we're going to back up the truck here we need to find some kind of a bottoming pattern well we've got that we've got a bullish hammer that formed yesterday and that would complete a buy the D point pattern out there and you have a new profile that new profile has support down at the 2751 level and at 2845 you've got the top of the proposal both the bottom and the center at the same level 2751 Hector and Patty that is a strong level of support if you go ahead and back up the truck as you want to do out there do not let price close below yesterday's hammer handle why because the saying is or the expression is if you're long you're wrong so that low out there is 2728 and the reason you want to make sure that you do that is because on a weekly time frame we've got a negated TD 9 count bottom and we may even have a confirmed A to B equal CD to the downside the swing point which was back in June of 2023 did volume of 101 million shares last week you were down with 80 so you're down below that swing point you still have the A to B equal CD pattern that is an effect of the A to B equal CD to the upside because that's old news out there we're not interested in old news so the real issue that the GDX has it does not have what we call a confirmed by volume A to B equal CD that doesn't mean that it can fulfill that pattern out there so that's why we want to watch the daily time frame chart if this is a bottom then we will see price take out and close above 2845 on a monthly time frame prices back inside its profile and a suggestion to you and I may want to make a run for 2353 to 2554 but to answer your question was yesterday bottom signal if that was your question the answer there is absolutely now what you want to see out here is more than just your typical two day knee jerk reaction two to three day knee jerk reaction bounce out here which a GDX typically does is usually a two to three day move and today being day number two out there I would expect tomorrow might be day number three as well as price targets at 2810 area the next question inside the Tigers then was a take look at Tesla this from Dizzle and Dizzle has been long since about $93 this is trading at 237 so Dizzle your question is where is this going what I have out here is I have a completed Gertley by pattern and we got that yesterday when price gapped up in fact what this created was a an island reversal bottom out there as well as a three river morning star pattern so you got all the bullishness with regard to pattern completion what we don't have is price being able to take out its first level of resistance in the first level of resistance 237 and change out there if price can overcome that then the next level of resistance on a daily time frame Dizzle is going to be 24391 that's the level you want to see price close above a price close above 24391 this is likely off to the three 266 47 area on a weekly time frame you don't want to see price close back below the bottom of its bullish structure weekly profile that means on Friday at the close you want to see a close above 231 93 what happens if you don't these if you don't well it's not a guarantee that we get to 164 35 but it's telling you what its intentions are and the other way those intentions come to fruition is if price takes out the low of this three river morning star pattern of this island bottom reversal pattern inside of a Tesla and that would be a close below two 1236 so hope that helps you out with regard to Dizzle where Tesla is going and what it's doing Jimmy in the Tigers wants to take a ticker symbol ENVX as we pull these charts up we can see that on a daily time frame price right now is trading below 139 count breakout area I would say that this is an area to watch like a hawk that's at 1371 why are we going to watch like a hawk well first two days ago yesterday at least you got a brand new profile that formed above price that tells us about overhead supply that's bad news well if you if a key level of support can't hold 1371 which is trading below right now that tells us about lower price and lower price to where well you know Stevie would normally go to the weekly chart and lower price close below the weekly bottom of its profile last week oh it didn't it held it it held it we're trading below it right now and if we do close below 1387 odds favor ENVX getting back to 1159 Jimmy that is the weekly TD 9 count breakout level so no bottom pattern on the daily fact that the gated is bottom pattern on a monthly time frame prices trading into possible support between 916 and 12 and change out there that is going to be 1297 so it looks to me like ENVX does look like to me this thing wants to head lower Jimmy I hope that helps you out and best of luck Steve Rhodes with TFNN we'll be right back looks like we're going to 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trading to the downside the exception being the NASDAQ composite of 27 points we're looking at the charts here for NVIDIA this is actually the annual chart for NVIDIA and you can see it's very bullish very bullish because well one we're trading above last year's high you know if you want to do anything it's kind of simply like to play breakout moves things of that sort you know you start seeing instruments so you do this in the any time of the year but certainly in the beginning of the year when you start trading above the prior year's side that's a bullish signal but the point that I really wanted to make out here is that this is going to complete a TD9 count top this year and the question from John was how important was the spike higher this morning inside of NVIDIA well that spike higher in NVIDIA what it did John on the intraday time periods that being the 15 the 30 and the 65 minutes it triggered TD9 count tops now what price is doing if we take a look at each of these time frames on a 15 minute basis price right now is testing the 460 11 area that's a breakout area of support continued close below that will bring 451 79 into play TD9 count top on the 30 minute basis prices testing profile support it's been testing it for the last two hours that profile support levels 459 53 a close below that 452 53 is the setup on a 65 minute time frame chart 455 and change in 450 15 are its levels of support a close below 450 15 is going to suggest to you and I lower price on a daily time frame which is probably what you were aiming for how important was that well all it did so far it was intended to actually do it yet did it spike above that high 480 88 the high so far today is 481 35 volume is 32 million shares versus when that swing form was 77 John and video is pushing into that swing point with volume and if it's able to close inside that swing point meaning above 450 60 today odds favor price makes another run at least for that high is there any other daily topping pattern or signal to have out here no but prices moving into a swing point with volume it typically see price get back to try to tag that level so hope that helped answer your question folks thanks much for all the request out there thanks for joining us on terrific Tuesday I hope you'll do the same thing on wonderful Wednesday but stay tuned for all the great programming and I'll see you tomorrow take care