 The Trader's Edge with Steve Rhodes. Call now. 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 September 15th, the wonderful Wednesday edition of today's Trader's Zed Show. I'm your host, E.B. Perseverance Rhodes, who absolutely knows. It 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. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. We need to make that one little two-by-four shift. Well, 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 just passed 1 o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here, but even more important than that, that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in 877-927-6648 if you can't dial in. Hey, we've got you covered there, too. Go ahead, send me an email. Send it to Steve at tfn.com. And inside that subject heading, please put radio show question in. And our tiger's den, well, any ping will do. So let's go ahead and get this show started on wonderful. Wednesday, of course, this is Tiger. Financial News Network, I'm Steve Rhodes. Welcome to less show. Almost all the indices trading to the upside is the semis that are down one point. Dow is up 215, S&P 31, NASDAQ 61, Russell 15. Trannies are up 111. The XAU is up with the gold being back 13 bucks. So that's a positive. Silver is down 10 cents right now, trading out at 2378. Lights recruit big move there. Up $2.08, that's nearly 3% to the upside. Natural gas is up 2.5%. But we did take a look at a potential shooting star candle that if that forms a day, then that's going to identify at least a short-term top inside the natural gas. They just got to come back. We'll come back to that perhaps tomorrow. But what we do want to take a look at is what's going on right now in the short-term. So let's go switch screens here. We'll go to the 30-minute charts. And we're going to see we don't have consistency. But we do have a couple of things to pay attention to. Those couple of things are going to come from the ESMini and the YM. Both of those, as we began the show at 1 o'clock, completed bar number eight of ATD-9 count. That says that there could be a short-term, could be, should be, a short-term top that forms between now 1 o'clock and 2 p.m. Because bar number nine needs to complete, that would be at 130. And then you've got a, you can always form a higher high in the bar following bar number nine and still keep that pattern intact. So when we take a look at the Dow equity future contract, that's your bottom left. You'll notice that little green line at 34, 7, 18. I know it's hard to read, but at 34, 7, 18, that is a TD-9 breakdown level. So we've got a TD-9 count pattern inside the Dow equity future contract that is forming below, potentially forming below the TD-9 breakdown level. We really won't know until we get towards that two o'clock timeframe. But right now, that's what it looks like. That then would suggest, and we can see that the oscillator and change line for the 30-minute timeframe chart. Again, we're just looking at the Dow right now. I'll just expand it out that way, nobody gets confused. What we're looking at, and you can see the bottom that formed here was a nice rogement indicator bottom signal earlier this morning. So, and there's an A to B equal CD. There's a couple of patterns that are out here. There's also another pattern. That's the oscillator and change line, which was read and changed to green as we came into that one o'clock session. Now when that line changes colors, what that tells us is we should see over the coming sessions, it doesn't tell us how many. I wish it did, but over the coming sessions, we should see price and that line catch up to each other. So that becomes the downside price target, but we can't make that call not until two. Now the cool thing about the TD9 count pattern, that would be looking at the downside action. Once the pattern completes, if price closes over that high, which we don't know what that is just yet, but you will be able to track that. If price does close above that high, which would likely also be a close above 34, 718, then that tells us about a strong moment to move to the upside and that gets back in perhaps the 35,000 area out there. So that's the Dow. The ES mini is the other one that has a TD9 count top. We'll expand this out. Similar patterns, so to speak. It's oscillator and change line has also recently changed color. Now it is going to form a TD9 count or is likely to well below its break down level. And that's at 44, 83, 50. So for those of you that are long or short, you've taken a kind of a swing trade out there, I would suggest you watch 44, 83, 50 like a hawk because if price closes above that, that's a signal of a change in trend, at least on the 30 minute timeframe chart out there. So you'll want to watch that. Now as we back down and take a look at all four equity futures contracts, we don't have any kind of signals inside of the NQ. Well, the signals that we do have is that the candle that completed at one o'clock is bullish because price is above the resistance level at the top of that profile. In the case the Russell 2000 has the opportunity, it's gonna need a spike higher and I'll need that spike higher between now and 2 p.m. Actually between now and 2.30 to generate a TD9 count. So it's got potential to form that pattern. It's just that the ES and the YM, the Dow have those patterns there to play and are likely to complete them. We'll get bar number nine in about 18 minutes, unless something holy heck breaks loose out there. Now that's on the 30 minute timeframe charts. Upside price target. So there's another reason. So I mentioned really first that the NQ had come down and tested the top of its new weekly profile that it's attempting to form. There's something else that transpired two days ago, yesterday and today, well, yesterday, we'll end today inside the ES mini, inside the S&P 500, so inside both. So here, let's go take a look at the daily timeframe charts for the equity futures and what I wanted to point out. So you've got a valid TD9 count top, and we've got wave number seven inside the ES mini. Let me just expand this out as well. So remember, when you get any kind of top or bottom, what's really important is understanding where support levels are. And it could be levels, right? Not just necessarily one. The first area of support is always gonna be the oscillator and change line. Well, price enclosed below that, you know, six, seven, eight trading sessions ago. So that then failed. Now what I don't show here are the daily profiles on this chart. And we'd have to go, and we could go look at my black background charts to do that. But really what I wanna point out, the ultimate move to the downside of where are the by the ethene dipsters, they're always at a breakout level. And that breakout level here inside the ES mini is 44.26. And you can see that was tested yesterday and that is held. So if we see the ES mini, take out that resistance level, and that's gonna be that next key, that resistance level that I gave to you was 44.83.50. If that occurs, then the signal for us would be that this rally, we can just call it a counter trend rally at this moment, should take us up to 45.05. And it could do that rather quickly out there. So here's what you need to know. Support is held. In fact, support inside the ES mini is held on a couple of different bases. We'll switch charts here. Give me a moment. Just as we go into the break and we come back to the black background charts and we come back to the ES mini. And here we take a look at it. You can see that daily profile, price closed below it yesterday. That is signaling to us today's action. As we speak right now, 1.14 in the afternoon, that was a false break to the downside. And now it's target is going to be 44.88. So we've got 44.88. And we've got 45.05 as the price targets to the upside. That's assuming the ES can close to 44.83.50. We'll be right back. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his mastering probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30 day money back guarantee. So you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile based scanner. 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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 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. So we're going to go take a look at sand. S-A-N-D, we're going to pound sand is what we're going to do, and that is Sandstrom Gold Limited. We're doing that for Mike K and Denny. He wants to take a look at Sandstrom. He wants to take a look at Gold, Silver, the GDX. He's got a laundry list, and we're going to go ahead and go to the laundry with him. So in the case of sand, what we like out here, so we've got our eight panel charts that we're looking at. We like the weekly chart. Why do we like the weekly chart, Mike? Well, because it formed a TD9 count bottom right at TD9 count breakout support of 633. So that's nice. Now, this suggests to us that price should target its oscillator and change line. That's currently printed at 696. That number's going to change as price moves up, down, so on and so forth. If we take, now, it's hard to see, Mike, but at $6.70, that is the top of the weekly profile. So if you can see a close above 670 on a weekly basis, doesn't have to be this week, but if you see a close above 670, that would be a signal of a change in trend. Now, price has got to get above that oscillator and change line. That still becomes a resistance level, and it's red, so you really have to pay attention to it. But right now, everything looks good, but the battle ground is at 670. The daily chart, that's right next to it, that's this one right here, it says day on it, it says one day, is also at a resistance level. So you've got another battle at 661. So 661 is 670, it's lined up with sellers, and if price can overcome that, then you're looking at 683. 683 is the TD9 breakdown level, and if price can close above that, that is a confirmed change in trend signal. As I look at the intraday charts out here, the only thing that pops out at me, Mike, is the 65-minute timeframe, which has a TD9 count top, and price pulled right back to support, which because price was above the top of that profile, that was a level of support, so actually that looks good. So we know that gold is down $12.30, and Sandstrom, not necessarily a gigantic name out here, is looking bullish, and he got to like that. When the mining equities are looking bullish, that's usually a sign that gold is getting ready to follow along. So that's on Sandstrom. You wanted to take a look at the GDX. In the case of the GDX, I'll go ahead and get this here populated. What I can share with you, as I know this off the top of my head, I don't know too many things off the top of my head. I got that receding forehead, if you know what I mean. And no, not sand for fracking, but sandstrom mining. But if we take a look at the GDX, what the GDX has is a confirmed rogement and indicator bottom. Now, unfortunately for the GDX, all that that has led to is sideways movement. And in the case of the GDX, it had one day above the top of its barestructured profile. Looked like it was a breakout. This is why Stevie says, you got to see two consecutive days, because what happened the next day? Price got right back inside that profile out here. So we've just seen some sideways movement out there. Not really much additional information for me to report on for you here that I can see. So you just got the consolidation going on that way. You wanted to take a look at Goldilocks and Silver. So let's go use the same kind of set up here. We've got eight panel charts. They're just going to be different time frames. So Stevie uses different intraday time frames for cash type indices because we have six and a half hours versus the intraday time frames that I use for the futures market. Here we take a look at gold. Yesterday was a positive. And that price closed above its oscillator and change line, which is red, 1798. If price can close above that today, two consecutive close above that, would then suggest that gold, even though I don't show it here, then suggest that December gold should make a move up to 1820. 1820 is the top of its profile. As I look at intraday type signals out here, the 30 minute not providing us with anything other than price holding support, the bottom of its bullish structured profile. I don't have anything on the 60. You've got a TD9 count on the 120 minute chart as price pulls back and test support, the top of that profile, 1792. So that's really the only signal that I see out here intraday, Mike. And then I believe you also wanted to look at silvers. Is that correct, SIL? Mike, is there anything else that you need? As long as we're here, just that, and I meant that seriously, because it's hard for me to go back into the tiger's den. If there is something else that you wanted me to look at, please go ahead and list it. Now, keep them coming, hold on a second here. Now, if we take a look at silver, oh, what did I do? Oh, Stevie, what did you do? How did I do that? I did that because apparently I was not paying attention. So let me do this here. Thought I was paying attention, but see, I cannot do two things at once. It's terrible. So I know somebody's saying, well, how do you eat peanut butter and jelly? You can't do two things at once. And that's a great question out there. Eh, I don't eat peanut butter and jelly. That's how I just stay away from it, right? So if we take a look at silver, now we've got the silver charts up on the screen. What do we know about silver? Silver form a nice rogment and indicator bottom. Maybe forming, maybe getting ready to form an A to B equal CD to the upside. And look, Mike, as long as price can stay above Stevie's red line, currently priced at $23.64, I'll still contend that that is a possibility. If you look at the 30-minute chart, you'll like it. Why do you like the 30-minute chart? Because every time price is pulled back today, it's found support, where? At $23.73, it's TD9 breakout support level out there. So that's a beautiful thing. If I look at my other intraday charts out here, nothing really pops out at me to share with you. You've got a nice TD9 count bottom on the weekly chart. So silver has a real chance of just simply signaling to us that it's got a bottom. We may be seeing an A to B equal CD to the upside out there. So I think, and that's always a dangerous thing, I think that I have covered all of the, covered all of the requests out there for my K and the tiger's den. So thanks so much for asking, Mike. Now, I know that many people probably have the same question out there. And of course, somebody out there is saying, hey, come on, Steve, don't do this to me. Don't do this to me. Go take a look at gold and silver in the mining equities and not take a look at the US dollar index. So for that person, because I heard you through this mic, not through the microphone, but mental telepathy out there. And so let's go take a look at the US dollar index. What do we know? So the US dollar index generates a nice TD9 count bottom. It does what? It's the beauty of the TD9 counts out here. And combined with the oscillator and change line is when you get those two, you know where price is going. A majority of the time, when I say majority of time, I mean a high majority of the time. Well, that's exactly what unfolded here. Price got up there. It's green, which says closes above that would be bullish and price would target 93.50. However, price has been able to do that, which is close above that oscillator and change line. So what does that mean? Not much. It just means that it's got the possibility. It means it can't really break it to the up, break out to the upside out there. So there's a level of resistance that unless you use the oscillator and change line, you wouldn't really know that. But you and I, we do use this. So if you're unable to break it to the upside, maybe it's going to break it to the downside. Well, you start by taking a look at the Euro, which is the upper left-hand panel. So the Euro, the exact opposite for the most part, not the exact, but an opposite of the US dollar index. Whereas the US dollar index forms a TD nine count bottom. Well, the Euro US dollar forms a TD nine count top. And what does it do? It takes price back to its red oscillator and change line. So if price were to close below that, that says it wants lower price, lower price where a buck 16, that would likely send the US dollar index up to the 9350 level. Now you've got five other currencies, four other, but yeah, five other currencies that make up the US dollar index, but really it's the Euro that is the one to look at most. You got the yen moving lower, that is strengthening and weakening the US dollar. The yen is getting stronger and we've got a caller on the line and we like, we've got call it seating. So when we get back to this break, we're going to go out to Brent in California and we're going to take a look at, I think it's AI. So get that up on your charts at home and tell Brent, tell me, where's AI headed to? We'll be right back. Are 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 Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows. Interact with other Tigers and Tigerses as they share trading ideas, news analysis, and discuss the market action all trading day. 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We are so confident that you're gonna 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. Welcome back, guys. Welcome to Brent in Martinez, California. Hey, Brent, how you doing today? Hey, Steve, how are you? I am doing well. Thanks very much for calling. And artificial intelligence, or I don't know if that's what it is. AI is a ticker symbol that we're going to look at. That was just a wild guess out there. Tell the folks what you're doing and how I can best help you. I guess my question for it today is there wasn't really a particular pattern that we normally look at, like the TD9 count or ABC pattern like that. But what I did notice is that it was going down to test yesterday. Well, there's a lot of couple of days going down to test that gap down day. That goes probably around September 1st with lighter volume. And then today we have a candle that succeeded the low and the high of yesterday's candle. So it's one of your thoughts on that. Maybe you could look at the shorter term charts. Maybe there's something that happened there on a shorter term timeframe as far as accounts that made sense that it made this reversal. I just wanted to get your thoughts on it. Sure, sure, absolutely. So on the daily timeframe, Brent, I actually have this with an A to B equal CD to the downside. If we start with the June 2nd high, move down to the TD9 count bottom on June 17th. And then the retracement in the TD9 breakdown resistance on June 28th as a C point. So we got that bullish engulfing candle on August the 20th. There were a couple of hammer candles before that. So we do have a valid bottoming pattern there. And right now what Price is doing is just consolidating with inside it's a daily profile. So Price, you talked about yesterday, in addition to the areas of support and essence that I was testing on lighter volume and held, it also held, or this morning it held, the bottom of that daily profile. And the bottom of the daily profile is 4788. The actual low this morning is 4784. So just consolidating there, what you'd like to see on the daily timeframe is a close above 5130. If you get that, then we should get back to that prior little doji high that took place on September the 1st out there. And more likely the signal is that this would be moving up and create an A to B equal CD to the upside, by the way. And more likely than not targeting the 6450 level. So before I move off of the daily chart here, do you have any questions about what I shared with you so far? No, not so far, Steve, thank you. Perfect, and I want this for folks at home that are listening too, on a weekly basis, this formed a nice bottom. This was a Rojmentum indicator bottom. It was a couple of months ago, weeks ago I should say, I'm sorry, the week of August 27th. So you had a nice bullish candle there, reversal signal. So both the daily and the weekly are suggesting that AI has formed a bottom. Intraday is one of the things that you asked for. So on the intraday charts, it's the 130 and the 65 minute charts that are important to you. The reason is, is that they both have Rojmentum indicator bottoms. They have, those are the bottoms that they have. And price right now is dealing with the resistance of its TD9 breakdown, 4987 for both of them. So if you can get a close on 130 minute timeframe, I know you might ask me, when is that gonna be? That's gonna be at about, not till 310, it looks like this afternoon. But if price did close about 4987, on a short-term basis, you have a real positive outcome. So this is where we would expect sellers to step in. And if buyers are able to overtake them, that would be a message that says, okay, Brett, we're ready to get back to that 5130 level. Any questions about those charts or that information? No, I appreciate it, that's very helpful, Steve. Okay, now also on a 30 minute chart, you did get a nice Rojmentum indicator bottom as well. I'll expand this chart out. As far as its resistance level, Brett, it's all the way up at 5160, which ends up getting back to the top of the daily profile out there. So I would, if that's going to unfold, I would just watch that price level of 4987. If you see close above that, it looks really good for you. Okay, I did have a favor asked here, if you wouldn't mind, you're not going to be right this moment if you get a chance today. What is it? Just to kind of go over, just, you've talked about the seasonality, you know, September being a week month. Yes. And then also, I liked the chart that you provided that showed the two week kind of knee jerk reaction. I think it was on the Dow. I just want to get your sense of, are you leaning more towards being a continued week month? It sounds like today maybe you're leaning more towards that could have been a bottom. I just wanted to get you feel for where you think we're possibly going over the next month or so. Sure. So let's do this here first because this one's easy for me. And that is to put up this chart here for the Dow folks. Actually I want to do it for the Dow. Well, it's really the Dow equity future contract that I run this for for the most part. So that's what I'm put up on the screen. It's going to be the continuous contract. And what I want folks to take a look at here is that this is coming off of the March low. So what this tool is doing, this is really my TD9 count tool, but I've just tricked it out a little bit. That's why you'll see multiple numbers here. So I'm looking for how many consecutive closes below the prior close are there. And so that's what this is searching for. The red numbers are what we're paying attention to. I'm only looking at bottoms. And what we can see is on one, two, three, four, five, and now potentially six with this week being the sixth. So we've had five occasions where we've had these two week, what I just simply would call knee jerk reactions. I got that information, I got that knee jerk signal information from Marty Armstrong. And his experience has been that things move in two or three bars typically. You know, I just go back to the charts and take a look at the patterns and say, here's the existing pattern. So the Dow equity future contract did have one three week decline. So we're still in this bull market or at least like we are still in this bull market, even though we're in this unfavorable seasonal cycle. Yesterday at about this time Brent, I would have been able to answer your question with conviction. And that was because the Dow equity future contract was attempting to form a new daily profile. That was large and it wrapped around the prior profile. And that message was consolidation. That did not take hold at six o'clock last night. So, but still we've got this two week knee jerk reaction here that has identified bottoms. And right now, as of Wednesday at 1.37, that certainly seems to be the message as well. Any questions about this chart? That's what it seemed like. I mean, it's playing out somewhat to what you've shown, you know, going back in history there. Yeah, you know, look, my preference, quite frankly, and this is just my preferences that we see the market decline into the middle of October. Because then that could be just simply a field day for us to the upside. So, and really it would be, ideally it would be the scarier, the better. So it's still an outcome, but the reality is, you know, we have to, that, you know, that's like saying, you know, there's something that I want specifically for my birthday or for the holidays or what have, you know, you might get it and you might not out here. But what we do know is what we just did take a look at out here. And that is that two week knee jerk reaction and that is in play as we speak. With regard to the other seasonality stuff during a break, I'll try to pull that up. I'm gonna first go answer some questions that have come in by email, Brent, during the next segment. And if I've got time, I'll definitely pull that up. If not, we'll look at it tomorrow, okay? Okay, thanks so much, Steve. I really appreciate that. I do like that chart. It's had some success with the two week move. But it's had itself a great day. Have a great rest of the week. I'll talk to you soon. Okay, thanks. That's Brent in Martinez, California. Steve Rhodes with TFNN, all the US indices pointed to the upside that was up to 67. And the trannies leading the charge up one full percentage point up 153 points. We'll be right back. 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. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks. So we've got about six, seven questions in the queue. Let's get right to them. Dan writes in and Dan wants to take a look at POWW. The question is, is it completing a TD9 account? Do you think that today is a good day to start a position? So today is going to become bar number nine. Price is below the TAS market profiles out here. So it does have breakout support at $5.95. When I start that position now, I'd have to see on a 30 minute timeframe, a valid bottom and price close above a key resistance level, Dan, that's 647. So we don't have that at this stage of the game. So my answer to your question is no, let's wait till tomorrow. Let's let the bar following bar number nine take place. Maybe we get even a new profile tomorrow. That's what you ideally like to see. And certainly on the short-term timeframes, you want to see some bottom signals and some key levels of resistance taken out. And that is not what we see when we take a look at those intraday charts. So sit tight on POWW for the next day and remind me about it tomorrow. We'll take a look at it for you then. Thanks so much for Dan in New York City for taking the time to write in. And you have a wonderful Wednesday as well. Next question coming in from Joe. Joe says, do you see till rate near the bottom today in the $12 range? Let's pull over till rate. See what kind of chart patterns we have out here for Dan, Joe. And Joe, price is moving lower and doing it with less relative energy. Today is going to become bar number seven. It looks like a TD9 count. So all you really need to form a bottom is a bullish reversal candle. That would then confirm the rogment to indicator signal. And you'd like to see a close above that red line. That's at $12.27. We're not there just yet. Watch for that going into the day. If not, continue to be patient. Maybe we get both a TD9 count and a rogment to indicator bottom. That's coming off of the daily timeframe. Quickly look at the weekly. I don't have anything. The weekly says, yeah, be patient and wait out here because price is bull. It just says be patient. Back to the daily. Let's take a look at this maybe on Friday. On Friday's show, by the way, folks, I'm going to do between eight and nine in the morning, which will be replayed at one to two. So until rate, just hold off for a bit. Unless you get a bullish reversal candle at days in. Joe, so thanks so much for writing in. Hector and the fuel injectors want to take a look at the XLE. And I'm moving through these kind of quickly here, folks. I just want to make sure I get to everybody's request that has come in. And if you've got other questions, just write back to me. Be happy to take care of them. So Hector is the XLE is employing the same shenanigans as the GDX gets excited, like it's going to break and then moves lower. Well, actually, in the case of the XLE, I'm going to have to go to my other charts here. This could be complete. This could be forming an A to B equal CD to the upside. It's already taken out the B point, or it looks like it's going to. What I'm curious about is the volume on the XLE. So let's go take a look at that. XLE, this is for Hector and the fuel injectors. And the swing point, come on, the swing point is a trading day of August 30th, 15 million. Oh, you have a confirmed A to B equal CD. You love the A to B equal CD pattern Hector. So here it is. So the A point out here is going to be down at the August 19th low. The B point is the high from August 30th. And the C point is the low from August 9th. One to one gets you to 51, 68, only a 56% retracement. So it could easily be targeting 52 to 54 out there. Those are other price projections on that C to D leg. But no, you've got a price above a slightly bearish structured daily profile. So you do need two consecutive closes here Hector, but this actually is giving us a breakout signal. Yeah, that is the XLE. So it is going to explode to the moon. By the way, the moon is parked right now at 51, 68. That's the space, right? You go to the airport, you got to figure out what space you're in out there. And that's the space. Nancy writes in, she wants to take a look at Apple. Nancy is an Apple trader out here. So let's go take a look at this for Nancy. Nancy says, can you tell if it has made a bottom? If not, where's it likely to go from here? Excellent question. So let's go take a look at the daily timeframe. Do we have a bottom signal? The answer is we do not. I don't have anything on the daily basis. Price is below the profiles. This is telling us that Apple could make a run back to its breakout level, Nancy. That's at 137.75. Now that's the daily timeframe. The 30 minute timeframe out here formed a bottom. So we're seeing about this form, both a TD9 count and a Rosemont communicator and a wave number seven. You got a three fir. So what does this tell us? Well, price is back inside the 30 minute profile and its next price target is going to be the top of that profile. And that's at 149.34. So it depends whether you're intraday trading. You know, if you're asking me, what's the signal right now in an intraday on a 30 minute chart, you're getting it. 149.34 is where price should head to. Doesn't have to stop there. What price could also do, excuse me, on a 30 minute chart is move up to its breakdown level. Not its nervous breakdown, but it's TD9 count breakdown. That's at 150.38. If price closes above that, that signals a move to the 155.40 level out here. Short-term 10 minute chart, you've got the bottom signal here as well. That says that price on a 10 minute is going to go target. That's wink point high. You know, about the one, whoops, where was it? One, 149.09 or so. On this side of charts out here, Nancy, I've just got the daily 10 and 30. But on the daily basis, do I have a bottom? I don't. Could it have bottom? Absolutely. Why could it have bottom? Well, could have bottom because price came back to a trend line. So I don't have a bottom pattern, which I think is what you were asking. If I take, like I just put up this chart right here on my screen, here's Apple, and you can run the same trend line too here. So you can see that, and I'm just just a short-term trend line coming off of the July 19th low, the low from July 28th, which matches the low of August 19th. And voila, what do we see here? You see that Apple has hit that trend line. So the trend line is held. So what that tells us again, Nancy, is watch that 30 minute chart out there. That 30 minute chart will reveal all the information you need. And that is, can price take out 150.38? If it does that, then we should see a further rally in Apple and that could take up to the 155 level. So I hope that helps you out. Thanks so much for writing it. And Mike S writes in, and Mike says, Steve, can we go over resistance levels for LAC? And we can, and we will, and we'll get there here momentarily. So LAC is Lithium Americas. There is no resistance. That's a trick. Mike is writing in, this is Mike in Ecuador. I love it. A trick question. Mike, prices above all resistance levels when it comes to its task market profiles. That was 22.95. That price closed above yesterday at the top of the daily. You've got follow-through today. So this looks good. If you're asking me, where is price headed to? Very likely back to its swing point high from January in 2021. And that's in the 28.70 level. We'll pull over my other chart to see if there's any other signals here that you've got to be concerned with. And on the daily timeframe, the answer is no. That looks good. On a weekly basis, as I populate this week, this could be bar number eight of a TD9 count, but maybe, you know, it doesn't form a TD9 count until it gets all the way back there. And that says next week or the week after. So hey, it is above all resistance. And I'm guessing that you are in that trade. So best of luck to you. Mike and Sara Sota, for your information, the Russell 2000 closed at 2 p.m. above 22, the RTY. So let me go back to those. Let me just actually go, no, I don't want to do. Yeah, let me go to the Russell 2000 charts out here. And let me change screens. We'll get to our eight panel out here and just go take a look at the charts and see what signals or information they're providing us. But in the case of the Russell 2000, I see what, so what Mike is sharing with us, thanks Mike, is that price is closed above the top of the 30 minute profile. So it is still above a resistance level. Perfect. It is also still forming bar number nine. So, and that's bar number nine is gonna complete in 10 minutes, but it could be the bar following bar number nine. So it's gonna be the high of either this current session or the session between two and 230. And that's the significant tie to watch because if price closes above that, that tells you about a significant move to the upside. In the Russell, that's about 2250 or so. We'll be right back. 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. 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We can take a look at this chart here, which describes the odds of whatever month you're looking at, the odds of closing above the prior month. Just simply close versus close. You can see here in September, that is the weakest month of the year, the odds of September closing above October is about 37%. But here's the beauty of it, okay? And the reason why we really, why I'm saying, I'd like to see the markets move lower into October, because look at the takeoff from there, you know? I mean, October chances of closing above September are in the almost 59% range. You get up towards 70 in November and December you're above 70% out there. So that would be the ideal type of setup. Now, for those of you that might be short the NASDAQ 100, I'm going to just share with you this tool here. This is our TAS market breadth, TAS market breadth tool, which takes a look at four different time frames, weekly, daily, 240 and 60. You're looking at the upper right-hand corner. They are all right now in bullish mode. They are in bullish mode out there. Let's take a look for those of you that are short the S&P 500. The S&P 500 is slightly different. Bullish mode with regard to everything, except for the daily timeframe right now. On a daily basis out here, you have 98 instruments above the top of their profiles and 237 below, I'm sorry, 160 below the bottom. So if we go take a look at the NQ here real quickly, we'll go to its last eight charts out here. And what does this tell us? Well, what this tells us is, remember, it's the ES and the YM that have got those TD9 count tops, not the NQ or the Russell 2000. 30-minute chart here says I want to get back to about the 15-5-20 level out here. 15-6-16 is not out of the question. That's a daily asset or a change line out there. So that's all we've got here, folks. Thanks so much for joining us. Stay tuned. Two more great hours. Tom O'Brien will take us on home. David Weitz up next with the power trading hour. And I'll be back here tomorrow on terrific Thursday. Have a wonderful Wednesday, folks. Building wealth trading in the stock market seems impossible.