 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the September 18th. The magnificent Monday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now, 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 can 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 circumstances of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I, it just passed 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I'm here to serve you. So, feel free to pick up that phone. We'd love to hear from you at 877-927-664. Now, if you've got a question but you can't call in, you can always send me an email. Send that off to Steve at tfnn.com and inside the subject, if you would be kind enough to write radio show question. Of course, 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 Magnificent Marvelous 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 mix goes like this. It dows off two points. The S&P's up four. The Nasdaq one is up 16. The Russell's down five. Some eyes are up 11. Trendy's are up 14. New York Stock Exchange off 20. Gold's up $2.30 with silver being down three pennies. Lights we crude up a buck eight. Trade out at 91-10. Lights we natural gas up six pennies. Trade out a 271, a 30-year treasury. 1-18-14 is a print that's off five ticks. Now, leading the charge, dollar-wise the upside, you've got micro-strategy. About a 3% move for $10. You've got lamb research up $9, 1.5%. Charter communications, 6.5 bucks. One in four tenths percent. Synopsis up about one in four tenths. $6.50 set move there. Northwick Grumman of six bucks, one in three tenths. So, the downside is Moderna. Off eight buck runes, 7% move. Tesla down 760, that's nearly a 3% move. Newvalent down 670, 14% move. Brilliance in stores off six bucks, nearly 4%. Super micro-dog, $5.60 is about two and a quarter percent move to the downside. But let's begin with what? Let's begin with market breadth. Where are we on market breadth? Let's go take a look at that. We'll begin by looking at what? We'll begin by looking at the S&P 500. What we see here is this is market breadth negative for its 60 to 40 daily and its weekly timeframe. On a daily timeframe, you have 123 instruments trading above profile, 155 below. So, at this stage here, this suggests that sellers are in control of the ESMN, the S&P 500. If we take a look at the NASDAQ, 100. And the NQ out here, we've got bearish signals for the 60 to 40 daily. And the weekly is basically a breakeven. When I say breakeven, there's 25 trading above, 25 trading below. So, one more is going to tip this to sellers having control. So, overall, what we know is that sellers have control basically of the, well, they have a control of the S&P 500. And they're very close to getting that inside the NDX for all four of those timeframes. On a shorter term timeframe, just see what's going on. We can look at a 30 minute for the ESMN, the NQ. This is for the ESMN, the S&P 500. 133 above, 130 below. So, it is slightly bullish out there. If we take a look at the NASDAQ 100, let's wait for its figures. This will calculate. We'll see. We're looking at the upper left-hand corner. 14 above, 30 below. So, we've got negative market breadth inside the NDX 100, with the exception being the weekly where you've got break-even. So, this is telling us right now that sellers are truly trying to take control of the market. Now, we have that same set of information, or we could have that same piece of information from the New York Stock Exchange Advanced Decline Oscillator. That is panel number three on my chart, because that is really taking a look at the difference between the 19 and 39 period exponential moving average of the Advanced Decline Line. That's what you see in panel number two. When the Advanced Decline Oscillator gets below the zero threshold level and stays below for two consecutive sessions, that tells us that market conditions have shifted, and therefore for the general market, sellers would be in control. Whereas if price closed above zero today, because it closed just below, Friday was the first day below zero, closed back above tells the buyers were the ones that were always in control. So, let's take a look at the spot volatility index. Well, we didn't really take a look at that. We did that during the market update. But we do take a look at the spot volatility index. What we're going to see here so far, is a test and rejection of that 50-day exponential moving average. The 50-day is currently printed out at 1477. The high today in the spot fixed 1475. Watch 1477. If price closes above that, that will then signal to you and I that sellers have also taken control of the S&P 500. Of course, you'd like to see two consecutive sessions above that. If price remains below that, well, then we have these choppy market conditions. So that takes care of the New York Stock Exchange. That takes care of our market bread. That takes care of the spot volatility index. Where do we want to go next? Well, let's just stay on this set of screens out here. And if we take a look at the equity futures out here, we can see some trend lines on the ES many. That's the upper left-hand panel up there. So we've got price trade in both with inside its profile, the daily profile that is. That's arranged from 4417 up to 4554. But you also have trend lines, support and resistance. So out of further move lower, we'd expect price to test and perhaps hold the area at about the 4470 level out there. If price is able to break through these trend lines, then we'd be looking at a test of both the weekly and daily bottom of its profile level. That's where the buyers are lined up. That's between 4417 and 4424. We take a look at the NQ. Yes, it's trading below the bottom of its daily profile, but right into a rising trend line. If this trend line fails, we're likely going to see a move back to 15191. If we take a look at the Dow equity future contract, price trading with inside its daily profile, testing the bullish structured zone, that bullish structured zone is between 34757 and 34868. If price closes below that, we also have another trend line for price to take a look at out there. The bottom of its weekly, we already trained below the bottom of the weekly profile for the Dow. Finally, let's take a look at the Russell 2000. We can see its trend lines out there, this is testing both a trend line as well as a swing point. The swing point that we're looking at takes us back into the time period of June 26 out there. You're also testing a bullish structured profile level, 1862.96 is the area to watch. If price closes below that, it suggests lower price. The real lower price would be trading below its swing point out here that could set up an A to B equal CD to the downside. So the really important level to be watching inside the Russell 2000 equity future contract is going to be that low from August 25. And that low is 1852.60. If we were to get it closed below that, that would then trigger an A to B equal CD to the downside. We don't have that in place just yet, but if that did take place, the A to B equal CD to the downside would give you an initial price projection of 1766.40. So something for us to pay attention to and to continue to monitor. What else do we want to look at out there? Well, we had a request by Hector actually to take a look at the IWM. And the IWM, let me switch over to this panel here. What Hector is looking at, he's trying to anticipate that maybe there's going to be an A to B equal CD to the downside. Now, the reason it's anticipated that is a swing point here in the IWM is on August 25th, and that did volume there of 29 million shares. And on the move lower Friday, this did volume out there of 39 million shares, but price still has to bust through the swing point. That means a close blow of 181.61. We get back to this break. We'll take a look at the IWM again for Hector. And then we'll look at first solar for ELO. Steve Rhodes with TFNN. 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 money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019, finishing 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. 4-8 internationally at 727-873-7618. In fact, folks, we'll take a look at the IWM. This is for Hector. He's tried to understand if, in fact, it's a swing point. The IWM is talking about the swing point from a daily basis from August 25th. That also sets up on a weekly basis the same swing point out there. So we've got two volume levels to watch and to anticipate, and what Hector's asking is, first, the swing point levels if that swing gets taken out. So I'm going to draw that in on the weekly timeframe chart. The A point out here would be the high from the week that began July 31st. The B point, the week that began August 28th, and then the C point was a base. Well, let's take that. Hold on a second here. There we go. There's our B point. The C point is the following week when it made a high up at the 191.86 level. So 1 to 1, A to B equals CD. Should we get that confirmation? A close at least below 181.61. And if it does with volume, even more of a confirmation, your 1 to 1 price projection level would be 174.72. Now that retracement is about a 60% retracement. So odds would favor it does about a 1 to 1, A to B equals CD out there. Now the volume on a weekly basis, 121.167. Last week you were coming down into that level with a slightly more volume, 126 million shares, but again, price still needs to close below that 181.61 area. Now that A to B equals CD gets you to 174. Turns out that on a monthly basis, we have bullish structured profile support between 170.64 and 173.82. So more likely than not, Hector, if in fact 181.61 gets closed below, that's where price would likely find some support out there. So I hope that that answered your question. Finally, just to finish it off, simply from a short-term standpoint, we'll switch over to those white background charts out here. And that's because really we don't have much in the way of questions in the queue. Easy to understand having been away for a couple of weeks out there in Japan, but we take a look at the intraday charts here for the Russell 2000. What we'll see out here is we will see on a five-hour timeframe. We will see a nice hammer candle that can firm the Rosemont Dominicator bottom. Now on a five-hour basis out here, if price were to close below that low, 18.61.40, that would suggest to you and I that we had lower. Why? Because on a five-hour, it would negate its bottom pattern, a four-hour timeframe chart out there. Now we can see the other intraday charts. When I say other, I'm referring to 10-minute, 15-minute, 30-minute, 60-minute. Each of them have triggered Rosemont Dominicator signals. But what we don't have out here are bullish reversal candles. So you'd keep an eye out on a short-term basis for a bullish reversal candle. I don't take that back. For the 15, the 30, and the 16-minute timeframe, if we did, we'd likely get some type of intraday rally. So if you want to take a look at that, if you want to take a look at that, if you really want to watch that low, and again, that low inside the Russell 2000 equity-future contract is going to be down to 18.54.10. We get a close below that, likely headed lower. Let's take a look at a request out here. This is from ELO inside the Tiger's Den. ELO wanted to take a look at first solar. Did I change screens? I did. Okay, good. So here, if we take a look at first solar if it can spike below the low from September 13, and that low would be $170.17, then what you would generate, or what this would generate needs to do that today or tomorrow. If it does that on first solar, you would then get a TD-9 count bottom pattern. That should then take us up to resistance levels. The first resistance level would be the bottom of its profile. That's at $175.51. The second would be its oscillator and change line right around $176.05. The price can close above those areas. We're looking at resistance of $179.06, $184.37 out there. So you'll watch the first solar charts, watch its activity ELO both today and tomorrow. If we get that spike below that, that could set up a bottom. If we don't get that, even though you could still get a TD-9 count top, or TD-9 count pattern, I should say, it won't be a TD-9 count bottom. We want that low to take place on bars 8, 9, or the bar following 9. So watch this for the next couple of days. Now on a weekly time frame chart, price close below the bottom of its weekly profile last week or trading below that now. It being $178.82. A second consecutive weekly close below $178.82 which suggests lower price. Now we don't have any kind of a bottom signal here. On a monthly time frame, first solar has a rosement dominicator top, a TD-9 count top and price right now is testing its bearish structured monthly profile. You know the routine here, and that is, if on a monthly basis we see a close below $173.83 that's the center of that profile, that odds favor price going to make its way back to the $138.93 level. So how do we recap for solar? The first is on the short-term time frame, the daily watching next couple of days. See if we get that spike below that low from trading day of September 13th. If we do, then we could or should see some type of rally. The question is how does price handle resistance levels? The weekly and the monthly chart are suggesting to you and I that first solar over the longer term wants lower price. So first solar, I hope that that helps you out with regard to that, and thanks much for being one of the first to make requests. The first was Hector, and the second was yourself. And the third is going to be Ron. Ron Wright says, Steve, welcome back. If you have time, boil daily chart looking for an entry point, thanks Ron. So Ron, let's go take a look at, this will take me a moment to pull up the charts. Let's go take a look at, I'll put boil up there, but first let's go take a look at natural gas. Now, natural gas is rolling over into the November contract. I believe what's going to pull up here is going to be October. So we'll just take a look at October, then I'll go ahead and change it out to November out there. But as we take a look at this, natural gas that is, the first thing to notice here, or I'll just simply point out, you already know this, but for everybody to notice is if you look at the weekly timeframe chart out here, what do we see? We see a sideways consolidation. This sideways consolidation, we can say, has been going on since April of of this year out there. So we're dealing with a five, six month consolidation. The resistance level, really, I know you're looking for an entry point into boil. Do you really want to do an entry point into boil, which is a, I believe boil is a two or three time ETF, when all you have is a chop-chop fizz-fizz, it's not a relief it is out there. I would say this is a perfect example of when you don't want to use those leverage ETFs out there. You want to use those leverage ETFs when you've got momentum either to the upside or the downside. And what we're looking at here, there is no momentum with regard to natural gas. Now that's the weekly timeframe chart. We take a look at the daily timeframe chart out here. The daily timeframe chart doesn't have any kind of a pattern. It negated a TD-9 Cal bottom. That was pad that formed on August 24th. We close below that on September the 6th. Right now what we have is a good old bashing in solid H with inside its profile. So to the extent you want to take long position in natural gas, which Ron does, I would say you want to do that when price gets down to the bottom of its profile. That's down at about the $2.53 mark out there. Again, this is the October contract. We will switch out to November here momentarily, but just take a look at this. Is there anything else that I see? Five hour chart shows a TD-9 Cal bottom. So when we switch over to November, we want to see if that same pattern is there. This suggests that we could see a rise up to about $2 and 79 cents. That's its TD-9 Cal breakdown level. Okay, let's switch from October. I've got to do this for each of them. Son of a gun. Oh well, it is what it is. Natural gas, so you'll just have to put up with getting these charts here updated. I don't have them all connected to each other. G 1123. I didn't like that. Natural gas, November 23. There we go. Let's do the same thing here for the daily timeframe. Sorry about that, folks. It is what it is. Now, natural gas, we want to take a look at the 30-minute timeframe chart out there, right? Did that have a TD-9 Cal bottom? Well, it turns out the break is going to save you from listening to me babble. But we get back to this. Take a look at the natural gas contract for November. See what kind of signal information it has as well. Steve Rhodes with TFNN. We'll be right back. $2. The South African rand as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV. Live every market day from 8.30 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 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 TFNN TFNN has just launched their new trading room, the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris' for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigris' as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach to sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. 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. Good back folks, so we're looking at the November contract for natural gas out here. This is for Ron inside the Tiger's Den who wants to take a look at entering a trading site of Boyle. I looked at the UNG holdings and 90% of the UNG right now is in the November contract. I imagine the other 10% will roll out of this in the next day or so. If we take a natural gas for its November timeframe, Ron, here's the interesting pattern that we're taking a look at. Number one, no bottom pattern that is present at the moment. There's an A to B equal CD. I don't believe that it has attained the one-to-one price level, but let's just make sure out there. I'm just going to move the A to B line over here to the C point so I can grab it. There we go. So we'll see that now. The price has not gotten down as far low as it needs to to complete that A to B equal CD to the downside. We could also see that that oscillator and change line has really acted as significant resistance out here. Today, what you saw is a test and rejection of that level. That level, by the way, that oscillator and change line $2.98. If you look at those above that, then we're looking at a run to the top of its profile, and that's a $3.07. Is that a reason to get into the trade, or where would you get into the trade here? Well, again, different than the October contract, but I would have to say at the bottom of that bullish structure profile, $2.93 out there. Would I enter it now knowing that resistance is held on the daily timeframe? Probably not. If we take a look at the two-hour chart, two-hour chart has a TD9 account bottom. That took place on 2017. That would have been overnight out there. We've got a nice TD9 account bottom out here, but what price did was it ran right into resistance. Let me expand out the chart, and the resistance run is a TD9 account breakdown resistance level. So $2.99 out there. Price is consulting with inside its daily profile. Not daily profile. It's a two-hour profile out here. No, there's a new profile form. I take that back. Price is trading above the top of that new profile at $2.94 out there, but a close above $2.99 would suggest a further rally out there. What else can I really share with you with regard to natural gas out here? Well, I'll go back to Boyle, which is really what you had called Nest about, or not called, but you wrote in. Let me close out these natural gas charts out here. Let's get back up to our three timeframes where you can take Boyle, BOIL, which is one of the ETFs for natural gas. Here we're looking at its profiles and trying to tie this into the natural gas contract. You'd have to say that $54.53 would be the area where you could take a look at a long position. If you take a look at that weekly timeframe chart, though, that's scary with a lot of sideways movement out there. Yes, we could see Boyle's run from $54 to $78, but overall it's basically been a sideways move. So Ron, I hope that provided you with the information that you were looking for. If not, right back and I'll be happy to get some additional info for you. Let's go to our next question. Coming in from Duke. Duke says, welcome back, Steve. Hope you and your wife enjoyed your trip, an absolutely fabulous trip out there. We'll talk more about it after we get into all the requests out here. Let's take a look at Platinum, which is what he is looking for. He's looking at the October contract out here. Let's pull up Platinum. You'll look at Platinum looking to go long. Let's get this up on our charts out here. It's going to take just a moment for everything to populate. Platinum, what it did was it formed a TD9 Count Top. This is the daily timeframe. That TD9 Count Top formed out here on the train day of August 3rd and what did it do? It took price right back to its TD9 Count breakout level at $896.50. Price on Friday closed above the top of its profile. This suggests that and so even though there's not a bottom pattern, it can be a bottom pattern pulling back to a level of support, which is the TD9 Count breakout level holding it back to the top of its profile. What we should look at Duke is price making a run up towards the TD9 Count Top again. That TD9 Count Top, which took place on August 30th, is up at the $993.30 level. Now I'd hold off on entering a long position now. The reason is because the 5-hour timeframe chart just completed a TD9 Count Top. Price should pull back to the Ossetern change line at the $923.90 ish area out there. We're trading up to $938. Now that's the 5-hour chart. The 4-hour chart says a Steady. I don't know what the heck you're talking about. I negated my TD9 Count Top and I'm ready to run higher up to $954. So we've got our confusing messages out here as we further take a look at the signals. I don't have a top per se, although I see a sell the D-point pattern on the 2-hour chart. Rosamund to Mindicator Top by the $60 on the $30 on the $15 out here. So you want to go long platinum. What I would suggest at this day just is going to be day number 3, likely day number 3 of moves to the upside. Let's pull this chart over here and let's see. You know, this can extend itself. We've seen as many as 6 consecutive, 5 consecutive moves to the upside. So I won't go with the standard hey, 2 bars, 2-3 bars up and then a pullback out there. I won't use that as the likely outcome especially with price being above the top of its daily profile. But you got to watch the 5-hour time frame chart out here Duke because of that TD9 count top. So I hope that that helps you out with regard to platinum and thanks much for taking the time to write in. Next question coming from Nicholas. Nicholas writes in and he says good morning Steve, welcome back. Would you please go over EQT? Yeah, so let's go switch over to this set of charts out here EQT and EQT is what I remember looking at this a while back. It might have been Garo that was Garo and Dan maybe inside the Tiger's Den. Take a look at EQT, a corporation but EQT right now is trading above the top of its bearish structure daily profile. It is pulling back. It does have a Rosemont Dominicator top and the question is what is it doing as it's testing this swing point. The swing point from August 24th. That did volume out here of 4.1 million shares. On Friday you came lower but you didn't pass through it with 7.9 million shares so it's pushing lower. Today you're testing that swing point. Again, the low of that swing point is 4138. We're at 4136. They close below it with volume. Right now you've got a million shares with volume would mean more than 4 million shares. So today you've got light volume inside of EQT Nicholas. Would you please go over. Thank you and it's great to have you back. Okay, perfect. So at this stage here, let's look at the weekly chart. You've got a definite seventh wave top out there. That's letter G. That's courtesy of the Chapman wave. You've got price consolidating with inside his profile. It's next level of support is 4072 and below that 3863. The monthly chart still remains bullish. Why? Because price is above the top of his profile and price is above its green oscillator and change line which is 41 4103. Price were to close below 4103. Then we're likely to head back to about 4008. Now 4008 is the center of its barest structured daily profile. If this is only a counter trend move to the downside, that's where price would find support at 4008 out there. So that's the level that I would be watching for. On a 30 minute basis, you've got a Roachman Dementicator bottom for EQT. It has found resistance at the top of its profile at 4163. So on any rally, that's the area to be watching the price were to close above that. Then you can be looking to move to 4271 right now. The bottom found resistance and so it kind of neutralizes that 30 minute signal out there. So that's what I see. We take a look at EQT with your questions. I have the Tigers dead to look at Carvana CVNA. That is Dan and CVNA will get that populated. The question is how about Carvana? Okay, let's take a look at it. So let's get this up on our chart right now. It looks like it's trading out at about 5113 with regard to patterns out here. There is an A to B equal CD Depth side. What's this confirmed by volume? The B point would be the day of September the 1st. 10 million shares and that was passed with 24 million shares. Dan we get back to this break. I'll try to rip apart Carvana for you. Get a feel for where it's headed to what patterns are present. Steve Roach with TFNA. 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 technology 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 money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating investors 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 up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com is a great place to be communicating with investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade CHAU or CHAD Directions Daily CSI 300 China A Share Bull and Bear ETFs. China A shares in either direction. Visit DirectionInvestments.com today. An investor should consider the investment objectives, risks, charges, and funds. 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 Four Side Fund Services, LLC. This time is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Folks, so I switched over to the black background charts out here for Caravana. One, it's up to the second with regard to where it's trading up and more importantly, now I understand a little bit better what's going on. First of all, I was talking about A to B equal CD. That would have been a small pattern out here. We're going to negate that A to B and this was really doing what it was pushing into. Now, this was a TD9 count top. When I say this, I'm referring back to the trading session of July 20. That was the following bar number nine. So here's your TD9 count top. The resistance level out there, volume out there, by the way, was 46 million shares. His price was pushing up into it. On a daily basis, it was 24 million shares. Then it was 18 million shares. So not enough volume to take out that swing point at 5719. And now price has gotten back inside its new profile that formed today. So you've got a new resistance level dam. That's at 5572 and supports it 4710 out there. Now, what I also notice on a 30-minute basis out here is it's attempting to form an A to B equal CD to the downside. Attempting because price is not closed below the swing point at 5112. This is a 30-minute chart we're looking at. The volume on that swing point from 2 o'clock on the 15th did volume of 446,000 shares. The last 30-minute session when I came out here, it was 1131.1 million shares pushing, testing and rejecting 5112. But a closed below 5112 is going to suggest a move to 4946, maybe 4792, maybe 4595 out there. So the daily chart didn't have the volume to take out the swing point at its TD9 count top. Price is now inside, consolidating with inside a new profile out there. And I would say if you get that confirmed A to B equal CD to the downside on a 30-minute basis, we're going to move maybe all the way back to 4710. Remember, the 1 to 1 is at 4946 and 4792 for the 1 to 1.272 A to B equal CD. There's nothing really that I see. There's nothing bearish, the weekly or the monthly timeframe out there. So it's really the daily and I'll say the 30-minute chart that is in control out there. So I hope that helped you out with regard to Carvan, a CBNA is the ticker symbol out there. And thank you very much for the requests. The next request coming in from Mike S. And Mike writes in, tell us about the most memorable food moments you had in Japan. Mike and Jakarta. Oh, how about that? Oh, formerly Mike and so, oh, how about that? Okay. Well, it's the most memorable food moments you had in Japan. I'll tell you one of them, because there were many, but I will tell you one that sticks out. And first, if you've never been to Japan, this, I haven't been back there for about 15 years. I used to go three times a year. I had businesses over there. But, and I have been back for 15 years. And there's been a lot of changes over there. Every country's gone through a lot of changes over the last several years out there. But one of the, so one of the cities that we went to was Hiroshima. And Hiroshima is known for really three things. They are known for some great sake that we tried out there. They have one sake that they mill the rice down to 6%. And we tried that. And that was a great sake. And that was a great food option over in Hiroshima. But what we really went there for, they're also known for their oysters. The oyster beds, the amazing thing is that the atomic bomb didn't destroy the oyster beds that were out there. The oyster beds are 500 years old. And so, with inside the entire country of Japan, Osaka is really known as the oyster capital. Now, a lot of their oysters are much larger than what you and I might be normally used to, but they are fantastic. What we went over there for, other than the sea to, you know, kind of a very, if you have, if you've never been there, it's worthwhile to go. Especially why the world is pushing towards war out there. I think if everybody went, maybe they might just simply change their minds. But that wasn't what you asked. So we went over there for the pancake. It's called Okonomiyaki. I believe that's it. And luckily, two days before we went to Hiroshima, we were at a restaurant, private sushi bar out there. It turned out that one of the assistants there grew up in Hiroshima. And so, she told us exactly where to go to, which was in the train station. A lot of great restaurants, believe it or not, are inside the train stations, inside these cities out there. And so, we get there was four of us. We get there and we go to stand in line. So the interesting thing about lines in Japan is very orderly country, very orderly people out there. And they don't want to go out of order. And I'm talking about even jaywalking. But it was a great event. So we get to we took the bullet train to Hiroshima. It was about 1130. We were all a little bit hungry. We said, hey, let's go find the pancake place. I'm not talking about IHOP pancakes, by the way. You can look it up on the Internet. You'll see what's what's inside this. So we finally get to the area. What happened was there was a guy that came up to us and said, can I help you? And he had on a vest that was kind of like an information jacket. So we told him what we were after. He took us right over the line. So no problem that we stand in. It was lying on two sides of the Iowa way there. And they said it was going to be about a half an hour wait. Then there was another guy that came up and they were testing a communication system. So our interpreter said, these guys would like to know if you would be interested in helping them out in that system. We said, well, sure, what does it require? They said, well, you've got to go to a different area. But what we're going to do is we're going to have somebody stand in line for you so you don't miss your place. Okay, that's great. We went over and did that. We come back. We switched places in line. The people from the restaurant, they come in. So we still had maybe about 15 minutes, at least a 15 minute wait. They come back to us and they take our order while we're in line. So that's kind of interesting. Of course, the entire menu is in Japanese, but we knew what we wanted. All four of us ordered the pancake. And the cool thing was it was really about a half an hour wait when we go to sit down at our table within two minutes, what they bring to us is what we had ordered a very cool system that they had there. But one of the favorite foods, one of the favorite experiences came out of Hiroshima. And again, it was their oysters, the Konamiaki, and they did have some really amazing sake over there. So Mike, that's one of those experiences you weren't asking about anything specific other than that. But thanks for the question. I've got many other food experiences that I'll share along the line here over the course of next week or so. But absolutely a fabulous trip. The biggest issue that I'm dealing with is the jet lag. So I don't sleep on to airplanes. I mean, you come back from the west to the east and it can be a real bummer. I mean, yesterday I was flat on my back out there. So hopefully I've got enough sleep and the head is a little bit less groggy out there. But you'll be the judge of that by listening to me ramble on here. So I don't see any other questions. Let me just make sure here. I don't see any other questions. So then therefore, what is Stevie going to do? Let me see here. Was there anything Dan had a similar experience in Ho Chi Minh? Cool. I had the war museum. Yeah. Yeah, for sure. I mean, the going to the going to the war, going to the memorial in Hiroshima. Yeah. It's worthwhile. It's really worthwhile for people to go see that stuff out there in any event. Let's go move on. I don't know what I'm going to move on to, but oh, I know what I'm going to move on to. I'm going to move on to this. I'm going to switch panels out here. And so one of the things that I notice is kind of unusual, not unusual, but one of the things that I notice here is is what was going on in the equal weighted ETF for the S&P 500. And that's the charts that I've got up on my screen right now. RSP is the ETF for the S&P 500. It is performed much worse than the spy has, by the way. But what really what really drew my attention this morning was the fact that it's triggered a roadsman to minicator signal. Now we've had a gap to the downside. So that's a bearer signal. But what you can see right now, you've got a hammer candle. I don't know what the candle is going to look like at day's end. But if we did get a hammer candle, it makes it difficult. Is it a bearish candle or is it a bullish candle? The point is maybe we don't get that bullish reversal candle there, but the RSP which really is like the QQEW they really tell you the direction of what to expect inside of what's going on underneath the covers. Watch the RSP for some type of market signal. Steve Rhodes, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your 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 money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors 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 up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors Educating Traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The TigerStand Available to all Tigers and Tigris for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Back up folks. So Mr. Z inside the TigerStand wrote in about the Grand Central Oyster Bar in New York. I was up in New York for a wedding last December and two of the people that we went to Japan with, we were there with them for the entire trip, but for a good portion of the trip and we were staying and we went to this wedding, we were staying at the hotel right across from Grand Central Station. It was like a Saturday afternoon I believe Saturday or something was Saturday afternoon and they said hey let's go over to Grand Central to get something. Let's go to this oyster bar, the seafood place and grab something. They were closed. I recall again if it was Saturday or Sunday but they were closed. Well these same two people Steve and Denise are the ones that we caught up with in Tokyo. They came in, we got there on a Thursday they came in on a Saturday and restaurants in Tokyo not the smaller ones, but the bigger ones they closed early, 9.30, 10 o'clock even on a Saturday. Anyways they got in late and I had made a reservation at the Grand Central Oyster Bar at the Tokyo train station. One of the trains yeah I think it's the Tokyo train station yeah I know it's the Tokyo train station out there. So John that's one of your favorite places we tried to eat there in New York couldn't get in, but what we did do is we ate there in Tokyo and it was great the oysters now what's cool about the oyster bar in Japan is that of course they're bringing them in from all over the place whether it's Kyushu down in the south whether it was in Hiroshima the oysters up in Hokkaido I mean it's just simply if you're a seafood lover well it's a seafood lovers paradise there. So John I agree with you that we that is a good oyster bar to head to. So they've got one in Tokyo next time you're over there go ahead and stop on in. In any event folks we're about done with the show here you've got US equities trading higher Dow's up 93, S&P 14 US dollar index is down about 4 ticks right now we're going to see a ton of movement out here until perhaps Wednesday at about 2230 when Fed Chair comes out with his decision on interest rates out there, but thanks folks for joining me and I look forward to being with you again tomorrow. So have a marvelous Monday and we'll see you on Terrific Tuesday.