 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 afternoon, folks. Welcome to the December 6th, 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. 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. When you and I make that one little two-by-four shift, well, 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 just passed one o'clock in the afternoon. I do want you to know that I'm absolutely grateful for your presence here. But more important than that, and 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 into 877-927-664 and if you can't dial in, well, we've got you covered there, too. You can always let those fingers do the walking. That means go ahead and send me an email. Send it to Steve at tfnn.com and inside the subject heading, please put radio show question, of course, in our Tigers Denwell. 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. All the indices with the exception of the semiconductors are trading to the upside. The Dow is up 717 and wants to continue to trade higher. The S&P 63, it too wants higher price. The NDX100 121, it wants higher price. The Russell's up 43. The Russell, I'm not so sure. It could see a short-term top here that forms any time between now and 2 p.m. So we'll keep an eye on that. You've got the trend is up 400 points, 2.5%. That is the big leader to the upside. Spot Valentine is still above its 50-day exponential moving average, trading out at 2770. You've got gold up about 270. Silver's up off 16. Penny's legs recruit is up 267. Lead the charge dollar-wise. The upside booking holdings, 178 bucks, 8.5%. That's a big mover. Amazon's up 67. Bucks, that's 2%. Mercado Libre up 4.5%, 47 bucks. Boston beer up 36. That showed up as a buy this morning. That's up 8%. And Chipotle, 33 points. That's up 2%. Hubspot to the downside, 56 bucks off 7.5%. Biontech is off 15%. 53 bucks. Moderna down 42. Zscaler off 41. MicroStrategy down 41. No request just yet. And so let's just go take a look at the general markets out here. So do we have a bottom or what? Well, let's go take a look at this set of charts here first. So give me a moment. We're going to switch to the white background charts. It's going to be our for equity future contract charts out here. You've got the ES mini in the upper left. Now the ES mini, it does have an... It's really the S&P 500 that's got the A to B equal CD pattern. We'll take a look at that. I kind of would struggle to draw in an A to B equal CD pattern here for the S&P 500. But even this, right at its breakout level, 45, 43, and now you've got a bull sash candle for me, price is going to go target. It's oscillator and change line. That's about the 46, 49 level. In the NQ, so the NDX100, the NASDAQ composite, they both have bottoming... Well, yeah, they both have bottoming patterns out. The NQ doesn't. If the NQ were to generate a bullish reversal candle today, then we'd have uniformity between the futures contracts, the cash indices out there. And that would suggest that price would go target 16134. And at 16134, should the NQ bounce up to that level? That's where we will learn whether this is just a countertrend rally or not. It'll come from the NQ. If we take a look at the Dow, the Dow formed a TD9 account bottom. It did that last Wednesday. Right now price... And price should have you and I, we took a look at this. We talked about this early Friday morning. On Wednesday, the Dow should have gone to target its oscillator and change line. Well, it's done that. And right now, it had changed colors about four days ago. When it changed colors, the odds increase, so we're going to see price and that line catch up to each other. Well, now price is trading above that line. That line is 35159. I don't know where price will end up today, but I do know that on the intraday charts, we took a look at this during the market update. That signal is that it wants to move higher out there. So if price does close above 35158, it says it has more to go to the upside. Now, on this white background chart, I do have a different set of profiles. The bottom and the top are the same. It is the center that is different. On my Ninja trader charts, even though they're using the same data, sometimes they just simply generate different profile levels. This is a bullish structured profile. And it close above 35157 here would say we run to 35900. I won't show you it, not because I won't or don't want to, just I don't have to change screens right now. What I can share with you before price gets up there, the black background charts, the e-signal charts, they show the next profile level, the center of its profile at 35505. So that's the level. Now if price can clear 35505, I'm not saying it has to do it today, but if price does close above it, that's going to signal the move to the 35900 area or even 36105. So you got a nice confirmed bottom in the Dow, closing above that oscillator and change line would be a positive out there. Lastly, if you take a look at the Russell 2000, you can see its oscillator and change line also change colors, price should go target that. It has a TD9 count bottom as well. It also has a new up daily profile that has formed. 2157, 70 if you want to be exact as the bottom. The center is at 2220. That's where price is going to target. And the price can close above that, then it gets to the 2255 level or so. And then above that the top of the profile 2282. So we've got basically three of the four have bottoms here. But if we do change over real quickly, we'll do this here. I can do that while we're still on the same screen. Go take a look at the end to see charts. What we will see is in the S&P 500 here, that's panel number two from the up on the upper side from the left hand. And you'll see a completed A to B will see that completed last Thursday when it generated that piercing candle. So even though the ES mini does not have that same A to B equal CD down pattern, the S&P 500 does. So it's generated a bottom signal. And if you're going to do it as possible, it'll generate a hammer candle today. That's a candle that is present right now at its TD 9 count breakout level. And so if it does generate that hammer candle or some type of bullish reversal candle today, that will then generate a Gartley buy pattern. You can see the TD 9 counts on the Russell 2000 as long as we're here. Yes, the semiconductor index is trading lower. But what it's really doing is just simply trading with inside that consolidation pattern out there. Now, usually I save this for the a two o'clock update. I'll probably review this again during the two o'clock update. But just to be thorough with regard to are the markets generating a bottom pattern to us or not, let's go take a look at the NASDAQ composite. It too has got a TD 9 count bottom that formed on Friday out there. So you've got a bottom pattern there. The New York Stock Exchange, the same thing. We'll pull this over here. The New York Stock Exchange generates a TD 9 count bottom. It's going to go target in the 2021. So, yeah, if you're asking the question, has the market bottom? The absolute answer is yes. The question becomes, is this just a counter trend rally? And the easiest way, I believe, to answer that decision is going to come from the chart patterns. And the chart pattern is really inside the NQ. So I'll just simply expand this chart out. So that's all we're looking at. Remember, when you close below the bottom of a bullish structured profile, that's where the NQ, and it closed below it on the trading day of last week. That was on the trading day of December 1st, closed back below it on the next day. Two consecutive closes. You can see even the rally the following day ran right in resistance at the center of that bullish structured profile, 16134. That's where the NQ is likely headed to. If it can close above that, more than a counter trend rally. But that's where the market would turn down or should turn down at the center of that bullish structured profile. 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 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 at the center of the year. 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 to learn more. 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. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner provides you with accessories, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. 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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 for more information. All now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Let's get to our first question out here. This one's coming in from the Tiger's Den and the SNP wants to go ahead and take a look at Expedia. EXPE is the ticker symbol. Expedia has done today you can see the A to B equal CD pattern that I've drawn in here. And what we wait for is some type of bullish reversal candle. Well, you've got that today. That's a nice big old bull sash candle out here. So we'll take a look at my white background chart see if there's anything else of significance out here but probably should at least go target the bottom of that profile, 1-7762. At 1-770-9 is the center of its slightly bullish structured profile out there. So close above that SNP profile. So that looks pretty good from that long-term standpoint. Let's go see what other signals we might have out here. So here, you can see it formed erosement to indicator top. That was confirmed with this three river evening star pattern on November the 10th. Now we've got the A to B equal CD pattern that we showed you also bottomed on Friday with wave number four letter D. We didn't of course know that it was going to be the 1-770-9 which is trading above its oscillator and chains on. See how that color line changed when that changes tells us that price that line have a have a meeting with each other. Now price rejects this level SNP means closes back below the oscillator and chains on 1-6768. All we will have is a definition of a countertrend move. It price closes above it says what do I have here? Not much other than price held or is back above the bottom of its weekly profile. So again suggests we're making that run for 1-770-9 the center which is also the weekly oscillator and chains line. So with regard to expedients pretty simple. Today it is confirming a currently by pattern and by the D point because of its bull sash candle and if price can remain above 2. So SNP I hope that helps you out with regard to Expedia and I think so much for the request. Our next request coming in from LB. Lee Wright said he says I was wondering if you could give me a buy in that point on URA looking for long term hold. So let's go take a look at URA that is the uranium ETF out here. And so we're looking for the benefit for the doubt and call to hammer candle today. Let's go see if this has confirmed an A to B equal C. Now remember this though Lee is that we really need the end of day signal versus hey what's it doing right now. But as we take a look at the A to B equal CD pattern this is basically completed out here. The price projection was 2244 the low this morning is 2277 that's close enough for my work. So let's take a look at the weekly time frame chart. We can see his prices pulled back to test the bottom of its bullish structured weekly profile. You're rid of some of the other tools that are out there. So that's a nice so when price pulls back to a level of sport I'll say a weekly level of support. In this case the bottom of the weekly profile we always like to go to the daily time frame one shorter time frame and then we can go to the weekly time frame chart which changed colors four bars ago. So this suggests to run up to the 2612 2653 area. That's looking at the daily chart weekly time frame chart out here nothing more to add than we already looked at. So yeah if you're looking to get in on uranium couple of choices out here you can go ahead and take that move right now or wait to see what today's candle ends up being chose roads meant to meet the bottom even though I normally are 65 I don't have that right now on this set of charts here but you've got on the 60 minute time frame a TD nine count and roads meant to meet the bottom the 120 you don't have a confirmed bottom just yet you do on the 240 you do on the 300 so you've really got everything that you need out here Lee to go ahead and take a trade she's proper position sizing out there and best of a dollar forty three so your stop should be a dollar forty three times one point six one eight is what I would use whatever that number ends up being I don't know two dollars and twenty five cents or two dollars and ten cents whatever that is make sure that that is your stop below you know where wherever you enter the trade out there so thanks so much for writing in and have a magical marvelous magnificent Monday. Let's go to this next slide. I'm going to go ahead and take a look at what we're doing today is the ticker symbol Joe says do you see a bottom for till rate today and if I should start a long position so we take a look at that till rate TL our why we're really just doing the same thing here now do we have an A to B equal CD pattern. Not really do I have a bullish well I mean I can draw it in but it's not going to show us but I will because that's how you got to do it. So the B point the C point the B point is going to be the bottom of November 22nd and the C point is going to be the high from November 22nd and so that one to one it's a little bit so we're not there yet. Joe that price target would be seven forty seven now that's not the only bottom pattern that can form out there so we're going to go take a look at my other charts but here's what we can share with you about till rate doesn't look good unless we see a bottoming pattern why price below the bottom of the daily the bottom of the weekly and the bottom of the monthly charts out there so let's pull over my other charts give me a moment to do this. I believe we have what we got daily weekly monthly perfect that's kind of really all that we need out here so on the daily chart we're going to form bar number seven today of a TD night. Yeah that's the daily let me pull this back make Elise easier for you to see so I would this could with the TD night count pattern Joe this could form a bottom between tomorrow Tuesday and Thursday out there so maybe let's look at this tomorrow or on Wednesday but right now I don't see the sign of a bottom signal out here on a weekly basis the same thing on a monthly basis and nothing more to add there. So I would be patient until Ray the other thing that I would do in this I don't know what the weightings are off the top of my head and when I'm referring to weightings I'm referring to the actual sector MJ represents the sector till Ray is a part of it and so you'd like to see some type of bottoming pattern for the sector as well versus just an individual stock chart and here we take look at MJ it negated its TD nine count about three or four days ago I don't see any bottom signal here at this stage so that is just telling me that with regard to till Ray just sit tight look for that potential TD nine count preferably let's take a look at this on Wednesday I would think but that's what you would be looking for so I hope that that helps you out and thanks much for writing in let's see if we've got any other requests out here I believe we do not and is there any oh we have a caller on the line let's go out to Earl and I tell you what let's hold off we're about to go to a break here so Earl when we come back from this break in about 15 seconds we'll come back out to you I think you want to take look at GLD that's the ETF that represents gold and so gold and silver have TD nine count bottoming patterns out here so that's we're going to take a look at with Earl when we get back in the spring 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. 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The art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're 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 a 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 folks let's go to Seminole, Florida to speak to Earl Earl thanks for holding thanks for calling how are you doing this afternoon great Steve I want to first off wish you a Merry Christmas thank you thank you and same to you and your family well what I was looking at was you mentioned patterns and I noticed gold and silver seem to do well in the month of December going back and look at it you know past performance and so I've been in the GLD here at the bottom I got in pretty close to the bottom I think okay I was wondering does it look like it's got a good upside to the end of the year well so let's take a look at gold specifically and I'm going to look at even though you called about the GLD I'm going to look at the gold contract which is the February contract right now that we're trading and what this did yeah the GLD followed to the lockstep really yes exactly and so the pattern is pretty clear here and that is that this form day TD9 count February on December the second my apology December the second did on the bar following bar number nine and that was being accomplished right at its breakout level of 1773 so that's good it's oscillator and change line change colors on Friday so I don't know if you were caught the first two segments of the show but typically when that changes color we see price that line catch up to each other doesn't tell us how you know could be a sideways move line continues to fall is because it's a ratio price moves up to it but that's the that's what you're looking for next if price like the Dow equity future contract that we looked at during the first segment was traded above its oscillator and change line after a change color when that happens the price in the case of gold case of the GLD if it closes above 1800 and 40 cents or thereabouts if price moves higher that number is going to change up so you got to use that as kind of a guideline but if price close above the oscillator and change line that suggests a further move higher for the move higher to where well there's actually a new profile is forming that does not show on this set of charts but does show on this black background chart and so that's where we'll go to next and that's an 1802 20 so there's 1800 which is the oscillator and change line there's 1802 20 the top of the weekly profile the answer to your question Earl lies right there you asked does this have good upside potential you've identified that December is a a favorable seasonal cycle period for gold I amazed that I actually got that out in the first try and so that then says if price can take out resistance 1802 20 then the answer to your question would be yes and that yes would then say price should go up towards its descending trend line that descending trend line isn't about the 1877 level out there before it gets to 1877 there's some resistance in 1828 does that answer your question it sure does or at least establish the parameters for you now what are the parameters for GLD so that's a good question so let me at least give those to you there'll be approximate to what we're looking at inside of gold if you give me a moment here I just need to change screens and then we'll put up the GLD let's do it on the right here just the daily that's all that we need and I'll pull this over and that way you've got something to look at there and so on the GLD the number is where price is targeted we're not updating right now but it should be about 167 96 or thereabouts and if price can close above that in the GLD then we've got a chance for this to run up to the 174 36 area but you and I we both have to pay attention to the gold contract I to him long gold and the young minors out here and so we'll just simply have to really monitor gold because in the overnight session is where we can see price get up test and reject those levels so you can be watching the 1800 is 1802 level for gold can you take a quick look at it the SLV sure sure so if we take a look at silver so in the case of SLV out here silver's done really the same thing now when I say the same thing let me pull over the silver chart give me a moment here to change my screens and in the case of silver it too formed ATD nine count bottom so here's silver I did it the exact same way that the gold did it did on the bar following bar number nine that was that's labeled as bar number one on my screen as long as price stays above it can trade below but has to close above that level that level by the way is a 22 18 now it's also a change line also change color so Earl price you go target that area that is presently printing at 23 18 and above that level we'd be looking and moved to about the 23 69 and these are resistance areas and then if price can close above that then we're looking at 25 33 so with regard to that's that's taking a look at the gold contract I'm set the silver contract which is the March contract that we're looking at if I go pull open the SLV just to give that I'm going to change screens here again just to give you a feel for where those levels are okay charts SLV same chart that we're looking at out here and you'll see in this case here the SLV has ATD and as well its price target is like the 2140 area and that is its oscillator and change line okay you're the best well thank you for saying that I think there's others that would disagree with you but that's okay we do our best your analysis has been I'll tell you 90% and I really appreciate you guys well we appreciate you without you we'd have nothing so Earl thanks much for being a TFNN listener, subscriber and we'll look forward to speaking to you again nice job on trying to catch that bottom make sure you've got a stop in place and you certainly don't want to see closed below 1761 40 that would say both you and I aren't the wrong side of the trend perfect thanks same to you and thanks much for the kind thoughts that was Earl in Seminole the phone lines are open folks 877-927-6648 we do have another question as come in that's perfect this one's from Yvonne Yvonne wants to take a look at Tesla so we'll definitely do that let's get Tesla fired up T-S-L-A my white background charts let's go to our three time frame panels out here T-S-L-A and as we take a look at Tesla on the daily time frame we'll see a nice little hammer candle today we see a hammer candle that's held at support that's at 1044 so as long as price stays above that that's a what we really have here is a sideways consolidation or what it appears and that's after the gap to the upside so that's a sign of strength from October the 25th so price is pulled back into that level is there a pattern that is out here other than the consolidation pattern and support with the bottom of the profiles out here I doubt that there is but let's go pull over the Tesla chart essentially it just looks only like a consolidation to me and yeah so I don't have any kind of a signal bottoming signal other than just looking at price getting back to that sign of strength that gap to the upside so if Yvonne if you're looking to get into a long trade here I could see that now realize that you could easily get to just a consolidation which may find the resistance at the 1124 level it could be all the way up at 1200 but that would be your range the weekly time frame chart for Tesla tells us what you know what you don't like is that last week and this week we're right now last week price closed just below its oscillator and change line it just suggests that its momentum is waning a bit but if price can overtake 1032 let's say then that's that waning will go away it'll get back into its bearish ways now what the weekly chart is really telling us is that it is neutral it would be neutral pricing it above the 1032 level because on a weekly basis you have a valid roads momentum indicator top out there that is led to this sideways consolidation but it is at the bottom or appears to be at the bottom of its consolidation boy the monthly has a roads momentum indicator top 2 but if you're looking just to trade this you have a stop with a close below 1000 and you look at this getting up into about the 1124 level see roads with TFN we'll be right back are you in the market for buying or selling real estate in the Bay Area including surrounding St. Petersburg, 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said use the New York Stock Exchange chart so I've got that we'll pull this over let's go read the question out here and the question is Steve please discuss rules use of TD9 count pattern can can apply to New York Stock Exchange daily chart okay so we've got that up here does the TD9 count pattern always suggest a reversal so my definition reversal may be different than yours so let's go take a look at what a TD9 count typically implies and we'll just look look at this with the with the set of charts out here so the TD9 count is a is a tool that we use that helps us to identify tops or bottoms does it always work which is another part of the question here yeah it always works but does it always turn into a a top or a bottom no not necessarily remember the TD9 count top and so I'm going to look here at and I'll try to draw an arrow so that everybody's looking at the same thing here so here's a TD9 count top that forms that's not even an arrow let's try the arrow Steve let's see is it this one this here we go okay perfect so right here is what we're talking about let me get my cross here so we can look at the exact same day so a TD9 count pattern forms on October 19 and it does it on the bar October 19 and that is the bar following bar number nine now the cool thing about this is so what is a TD9 count in essence I look at this as being the sprint in a race because it takes nine consecutive closes where each close has to be above the close of the bar for bars earlier so just picture yourself running the hundred yard dash you would attempt that differently than if you were going to run a marathon so in this case here the TD9 count we see it on a chart is the hundred yard dash typically you're out of energy but you could be Hussain Bolt and you could do the 200 yard dash out here well if price closes above the top of a TD9 count in this case here that was high from October 19 and especially if it does it on the very following session tells you about a strong momentum move to the upside so that's the first thing to take a look at so you can use that for both strong momentum moves because that's what's underway when you have a TD9 count it is a momentum move it is that hundred yard dash out there so what we typically see take place John is on TD9 counts such as the TD9 count that we have that took place inside the New York Stock Exchange it formed on December the first out there was bar the bar following bar number nine what we typically see is that move to the oscillator and change line 16 693 so that's what we expect right now let's pull this chart back further and look at other TD9 counts we just get rid of this arrow we can just move this right over here here's a TD9 count now in this case here what when it formed that count John typically what we see is price get back to the oscillator and change line if it's a bottom moves up to it if it's a top it typically moves down to what happens when the TD9 count on August 2nd actually hits that green line well depends whether it's green or red whether it's green that tells us about a strong momentum move as well and price has to close below that in order to suggest that there's any kind of a valid top but price will typically pull its way back to that level if we take a look at a TD9 count that formed out here the bar following bar number nine on June the 7th price was still above that oscillator and change line price never took it out never closed above the high of that pattern once price got below that oscillator and change line which it did on the following session that was on June 8th that gives us more of an indication that we should see price pull back pull back to some area of support in the case of New York Stock Exchange it was pulling back into a prior swing point out there the swing points from May so if we just keep going here here's a TD9 count forms that top on the or the tie I should say on April the 9th price is testing that oscillator and change line it's important John to be able to put together so I use the oscillator and change line along with the TD9 counts and on instruments where we have task market profiles those are also incorporated into the system itself so it's not just a one indicator does all we have to use it in relationship to the oscillator and change line as well as those task market profiles so I hope that that helps answer each of your questions out there and if it doesn't then I know you're right back to me and I'll try to answer it that way and you're welcome so let me see here there was a question inside the Tigers and I believe it was Tucker Tucker might have been I'm not going to go back and look to see who it was but if it was you Tucker great and if not it was somebody else my apology but the question was can we take a look at natural gas looking for a bottom so the natural gas contract you've got you can still trade the January contract so let's go ahead and put up the January or the February would be the preferred at this stage here but let's go take a look at is there a bottom the answer is no there's an A to B equal CD to the downside there's at least a couple of them so we can draw those in here here's the first one that forms the A to B equal CD pattern let's go draw in a second one we can draw multiple A to B equal CD patterns out here so we've got this coming down into I'd say here then up to here and so there is the one to one so right now we have kind of a two A to B equal CD patterns that suggests Tucker that the next level to the downside of natural gas is in the 345-339 level now with these A to B equal CD patterns what we want to see out here to confirm a bottom is some type of bullish reversal candle today was a gap to the downside so clearly not a bullish reversal candle there so the only is that we could get that would be tomorrow and I don't have anything else out here with regard to natural gas I believe if I can I can't do that here I can't do oh I know where I can do that where I already have that done so that's one level to be looking at another level out here is the bottom of its monthly profile so it's below the bottom of its daily is below the bottom of the weekly that's at the 434 level and so maybe the price is going to go target the bottom of that monthly profile that's at $3 and 34 cents in that case there yeah that's the January contract as well I'll flip that over on this chart here in the next couple of days but you're asking is there a bottom I don't see it inside of natural gas doesn't mean it couldn't have but for me in my work what I need to see is a this case a bullish reversal candle that goes ahead and confirms that pattern so I hope that helps you out thanks much for writing in now let's get to our email question this one coming in from Rich and Rich wants to take a look at net so let me do this here I give me a moment I need to just change my screens out get back our our comes before there we go now let me get net going on the white background charts and now we'll go take a look at net here here being the black background charts and this is cloud cloud flare so cloud flare and what's the question I have a long term position do you see any bottoming signals or support levels they consider buying more if you have time could you please take a look at the XBI sure we'll do both so do I see a bottoming pattern when we come to just simply profiles you're asking about support prices trade below support on the daily and below support on the weekly the sport on the weekly was 155.60 so that looked good on Friday's close now today doesn't look so good the high is 155.60 today the bottom that is 155.60 so that signals to you and I rich that price wants to move lower now your specific question is do I see any kind of a bottom well we know the price to train below support by the way the monthly doesn't have enough data to generate a TAS market profile what we also know about net is on a daily basis price about four days ago creamed right below its breakout level 174.74 there is an A to B equal CD to the downside I won't draw that in here because what we know it's already exceeded the one to one level I can visually see that you can visually see that and so now what you'd be waiting for some type of bullish reversal candle until that happens rich chances are price heads lower heads lower to where well 111.57 is the next breakout level oftentimes when you crash through one and I don't mean crash but you close below one you move to the next that's on the daily time frame as we take a look at the weekly chart here for net and we populate this you've got a roadsman to indicator top two this suggests price get back to 8032 so I know you've got a long-term position out here I would make sure that I have a stop in place you're going to get a TD 9 count top on the monthly time frame so all of this is suggesting lower price and not adding to it right now sharpening your skills as an investor is like getting better 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Celsius holdings out here and I'm looking at CLH to short that said the entry looks like it is at 83-88 I would say the entry might be to the short side would be 7246 Dan that's the number that I would look at anything in charts that tells you not to buy now so you're saying you're looking to shorter looking sales to short okay so let's let me just kind of give you my review of CELH first with regard to a countertrend rally if it's going to end should it rally even from here it would be the 7246 level I'd be looking it's a bullish structure daily profile you close below it for two consecutive sessions last week we know that countertrend rallies if it's just a countertrend rally will typically poop out at the bottom but more often than not the center of the profile level 7246 that's what I would be looking at there by looking my other background screens here CELH looks like a buy right now why does it look like a buy because you form that TD9 count bottom so that is being formed as we speak today price should bounce to where well to be the oscillator and change line that's at 6822 now that's the first line of resistance if price test that because it's red and rejects it then you'll get to a neutral signal you wouldn't get to the bearer signal until you took out the TD9 count low out there if price does get above that oscillator and change line though because this is a bullish structure profile Dan 7246 would be a resistance level if price gets above that 7513 is resistance level if price gets above that then price is going to go ahead to the top of the profile 7877 but as we speak right now CELH on the daily timeframe is a buy based upon the TD9 count based upon on the weekly timeframe price still being above the top of its profile out there and that's what I see so I hope that that helps you out thanks so much for the request and folks thanks much for being here on Magnificent Monday the good news is because it's Magnificent we've got two amazing shows lined up for you next your favorite polar bear David with the power trading hour Tom O'Brien he'll take us on home from three to four I'll be back with you tomorrow at 1pm sharp so have a magical marvelous Magnificent Monday folks and we'll see you on terrific Tuesday