 I'm Amis the Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks Steve has an outstanding show here every trading day one to two Eastern standard time also has a great newsletter a mastering probability now it's very easy to get Steve's newsletter come over to our website at TF&N you're gonna hit newsletters you'll see on the right hand side top and the bottom line is that you can get Steve's newsletter for one month for $149 you can get it for six months for $6.95 which is the savings of $199 at 26% and you can get it for one year for $11.95 which is the savings of $593.33 percent now folks they all come with a 30-day money-back guarantee and they come with a huge amount of information and the bottom line Steve did a little not a little a nice article over the weekend that is phenomenal no doubt about that let's go see what he's talking about Steve Rhodes what's going on well summer is certainly ripping by it is my calendar to realize that the kids down here in Florida go back to school in two weeks I know man that's crazy right yeah but I'm digging it because October is coming so for us folks October is the break September is the worst month so true yeah it's been been pretty hot here in July although it's not too bad on the beach you get the breeze and you know kind of cools you down but yeah but you're right I did by the way I did send out a every all the TF&N subscribers right you'll receive a link for this report just kind of go through it today and that'd be great because it's a great report man oh thank you thank you Tom I appreciate that and Friday was really a big day and it was a big day because we actually got two different kind of signals we got a short-term topping signal and we got an intermediate term long signal out there so let me explain what we've got this the short-term bear signals came from the NDX 100 the Russell 2000 as well as a semiconductor index and each of them and I show this here on these charts here so those three and and what I'm doing to show each of these three is I'm using the ETF so that way everybody at home can do the same thing okay they can follow along so on the left hand side we've got the Q's and we can see the A to B equal CD pattern now the Q's got above the one to one A to B equal CD for me the way that I like to confirm these patterns in other words that they be their top to bottom here we take a look at tops or when we get a bearish reversal candle that's what we got inside the Q's on Friday which was on a daily base which was a bear sash candle now here this shows now I what I do realize that since I've actually posted these charts I've got some new profile levels inside of the Q's we but we're not going to go there right right now if we take a look at the Russell 2000 the IWM it made the one to one fact that just slightly above that on both Thursday and Friday but Friday was a bearish engulfing candle and so that's a just a retracement and they've got the SMH's in the right hand side now that made the one to one point six one eight A to B equal CD pattern tell my carry called maybe I've misstated this a few times but in your book the art of timing the trade is that the one to one point six one eight of the one to two A to B equal CD it's the one to one point six one eight and what what happens when you normally get that it that's a change of trend and when you normally get that sometimes it wax to two but if it goes the two it stays there a day and then you're off to the races no matter which way it goes that's what seems you know it's very unusual at one to two yeah perfect because here's a perfect example of what you know you wrote in your book after all those years of study and here we can take a look at a daily timeframe chart for the semiconductor in this and it made the one to one point six one eight A to B equal CD price projection area which was in the two thirty one range and then we got that bear sash candle now the semiconductor index could take a big move to the downside and what I mean by that is that there's a bearish structured profile that is formed and a close today below two twenty five fifty nine which suggests that price could pull all the way back to support this is one support level that we're looking at which is the bottom of this new profile which is at two oh five ninety four now I won't be able to confirm this profile until tomorrow because I'm using a advanced tool here that identifies these profiles as they're beginning to form so people turn into the radio show tomorrow will go ahead and confirm the the semiconductor so we got three that formed from a daily standpoint what I'll call the short term timeframe topping signals the end you also generated that A to B equal CD pattern and in this case here we've oftentimes referred to it as a Gertley cell pattern now it also has new profiles that are attempting to form and again I'll confirm these tomorrow during the radio show but right now the top of that profile is twelve five seventy nine the bottom is in a twelve one oh four what I think is that price will pull back to that twelve one oh four level and if that holds that's the next by the dip point in this move as we continue to move higher out here whereas the markets continue to move higher if we take a look at the end and when I say that folks is because now we get to the intermediate term signal in this intermediate term signal came from the Dow so the weekly chart for the Dow and what it did was this this little green squiggly green red squiggly line is what's referred to as an oscillator and change line and what I want folks to take a look at is throughout twenty twenty two price has been below this level it's been tested intra week several times but each time it fails and it closes back below that and shows how that has been a key level of resistance well on Friday we got a close above that level that level folks is thirty one thousand six thirty now if we get a second consecutive close this week above that level that's going to confirm that pattern to confirm a change in trend pattern a little similar to Tom's one to one point six one eight eight of equal CD so because we have been close above this in twenty twenty two it's sending us a signal that there's a change in trend that is attempted for my like to use two consecutive bars Tom either above resistance or below support to give us that confirmation so folks who watch the thirty one six thirty area within a few dollars up or down this is the weekly chart for the Dow and it shows that we have consecutive this this weekly chart shows us that the that the bounces that we've had the counter trend rallies that we've had the market have lasted for two consecutive bars when I mean by that is where one bar closes above the prior close so here we take a look at and I believe that this week or last week was week number one we should see a higher close come the end of the week and bear market rallies tend to complete in two to three bars that's really important to understand here during the two thousand seven two thousand nine bear market folks you'll see where these black arrows you'll see all of these two or three bar rallies out there if we take a look at that and last week close above the OUL signaling likely that there's something more if I go back here well let's just let's continue moving on during the two thousand bear market we can take a look at one two three four five different examples of two bar rallies out there for four for instances of that so it's common to see a two or three bar rally and it will tends to work better Tom for the weekly and the monthly timeframe here's the nineteen twenty one nineteen twenty nine bear market out here and we can see these two bar rallies there was one four bar rally but price still stayed below that oscillator and change like nineteen seventy three same kind of things so folks open up that report you'll see this out there that this chart here Tom and I provided to everybody this chart looks at the Dow price in major currencies now you and I we think of this as the Dow price in dollars but if you're over in Europe and you're trading in euros you're thinking about how is it outperforming your currency or if you're in Japan how is it outperforming in the end or if you're in England how is it outperforming in pounds if you take a look at these charts out here the Dow performing those major currencies doesn't look like it's really in a bear market I mean it's almost near their all time which took place in January of twenty twenty two actually in the end price in the end it was April of twenty twenty two out there and this is the global flow of capital and here we can see if you take a look at the top chart of the very bottom chart is the euro is below the two thousand seventeen areas and this shows and the reason why we could see this rally that lasts for two to three months and that's what I'm referring to folks not just a two to three week rally but I think that change in trend is signaling to us we could see something last for two to three months out there so open up the link to that report you'll have all these charts here and if you have any questions folks can email me I and folks you want to read that report and if you don't have it in your email go in your spam because it's an awesome report man and then come over to our website at tfnn you go with the newsletters you hit the market market probability problem thank you man and you are off to the races have a great one see that thanks man bye bye