 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 August 7th the magnificent Monday edition of today's Trader's Edge show I'm your host DV 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 and 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 make that one little two-by-four shift means we can find the gift in every set of Circumstance that life is going to toss at us now today you and I we're going to go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating Till you and I had just passed 11 o'clock in the morning. I do 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 am here to serve you so feel free to pick up that phone dial on in at 877-927-6648 Now if you've got a question, but you can't dial in you can always send me an email Send that one to Steve at tfnn.com and inside the subject heading Please put radio show question. Of course if you're inside our Tigers down Well, then any in every ping will do so let's go ahead and get this show started on a magnificent Marvelous Monday, of course, this is Tiger Financial news network. I'm Steve Rhodes Welcome to the show right now You get a little bit of a mix back that mix is coming from the Russell 2000 off about three and a half points straight out of 10 90 10 on 1953 Otherwise, oh, I take that back nasdaq composite just went negative. That's down 18 points nasdaq 100 is up to seven Points over flat there 19 points for the s&p 307 for the Dow gold is off seven bucks with silver being down 47 pennies That's three tenths and two ten and two percent to the downside Natural gas is up 13 pennies trade at 271 30-year treasury down 14 takes a half a point trade out at 121 18 Lead the charge dollar wise the upside we have booking holding $60 move there at 2% Baritative Corp of 20% 28 dollar move you had a rental 17 bucks three and nearly 4% there Humana 12 bucks almost 3% lamb research nearly 2% to $11 and 50 cents and change the shakers Sagey one sage therapeutics off 18 bucks 51 percent. That is a stinker crystal biotent 14 bucks 11 percent Micro strategy down 12 bucks or 3% by on tech off 10% or 10 bucks at Lassen Corp But down about 10 bucks. That's nearly a 5% move to the down side. So where do we want to begin? Let's begin with Really kind of where we sort of do and that is let's take a look where we're out with regard to market breadth Let's look at the five different market breadth Levels that we can look at the first is going to be the 30 minutes This is for the S&P 500 at the moment 176 instruments are trading above profile 104 below profile. That's bullish Market breadth for the S&P 500 for its 30-minute time frame. We'll take a look at the Nasdaq 100 the NQ here We're looking up at the upper left-hand side. You've got 21 above and 41 below I just want to refresh the chart for the S&P 500 just along them here So you got negative market breadth on the NQ just confirming on the S&P 500 for its 30-minute time frame as well Nope, that is still set to a bullish crossover. Let's take I'm gonna put them up on the charts on the screen here for you But I know that the 62 40 and daily they are bearish for the Nasdaq 100 and the S&P 500. So as your upper right-hand corner, you're looking those are speed dials We're in there in the red zone. That is a bearish crossover. We take a look at the Nasdaq 100 Well, I take it back boy. Is this odd or what? So we're gonna have really choppy market out here. The 60-minute NQ is Bullish market breadth and the 30-minute is bearish. We've got 33 above and 25 below as we speak right now So boy, do we have choppy conditions that we just need to keep that into consideration or any new rallies as well As any moves to the downside. So now that we know that what else we want to know Let's take a look at this chart here. Let's stay in this in this panel So if we take a look at my back as you may recall if not, I'm gonna simply update you now the black background charts E-signal which I have that same data right now flowing through to my white background charts is generating two different Profile levels for the ES mini now that might confuse people and say, oh, no We use that same notes the same bit in different calculations. We use them both But right now what we're taking a look at is a black background ones Because on the real if we take a look at Friday's action We saw a close below the bottom of that profile the bottom that profile is 4507 now, you know, steve's rule out there It's a two-day rule. It's not a one-day rule. One day rules are just one hit wonders innocent anomaly It doesn't mean a thing if it ain't got that swing and to get that swing You need to see a close below 4507 today If you get that inside the ES mini then according to the black background chart calculations, you would have a change in trend Right now what price is trying to do is get back inside his profile It is running into resistance at the center of that profile the centers where both buyers and sellers believe there's fair value The bottom profile where buyers are located. This should be an area that if there is some strength They should be able to get a close above 45 24 Why is that important? Because when you close above the center of a bowler structured profile odds favor That the buyers are going to be able to the bulls are going to be able to push price up to resistance Which in the case of the ES mini is up at the top of its profile 4609 that levels agreed upon by both sets of charts out there And you'll see that when we flip back and forth into the white background charts as well as a 46 21 75 Which is its roads momentum indicator top that was at bearish and golfing candle So that's what we have going on there with regard to the ES mini Really the primary key level that i've been watching observing today to the upside is 45 24 to the downside It's 4507 the enqueue is trading below the bottom of its daily profile trading below the center of its weekly profile And that opens up a door to get down to support the next level of sports at 148 65 the bottom of that weekly profile If we look at the dow equity future contract It has an a to b equal cd pattern a sell the d point top Price also closed below the bottom of its profile on uh friday here with regard to the dow I believe we've got the same profile levels. I'm just going to take a quick peek But yeah, I've got the exact same profile levels there. So nothing odd now. You can see Three sets of green new green lines that are forming this week or attempting to form this week Remember i'm using my advanced doppler tool here. Although it does seem pretty sound now. That's formed below price That's a bowler signal from an intermediate term timeframe It says all the supplies to the downside we're above supply So but we still are dealing with that daily profile level there now on a further move lower if price is to move lower Where the dow should expect to find some support would be between 34 6 19 and 34 a 23 And the reason is because price is above that new profile level with regard to the russell 2000 the equity future contract does not have a top It has an a to b equal cd pattern of the upside that has not been fulfilled now There's a possibility depends on how aggressive you want to be or how much room you want to give it What I see here is on a trading session of august 1st Both the high and low of the prior bar was exceeded now That is a key reversal bar and a key reversal bar can be used to identify both the top or at bottom The problem is or the problem steamy has the high of that a day is 2017 80 call 2018 Is 2018 close enough to 2030 to say we have a completed sell the d-point pattern You know what? I don't know the answer to that question My inclination is no do we have to answer that question you threw that out there steve? Well, I think you have to answer that question Well, how I would answer that question is the cash indices does have a top and it has a wave number seven top out there So I'd say with regard to the russell 2000 it also has a top So you've got a top not in the future contract, but at least in the cash indices steve roge with tf and n We get back. We're going to take like a microsoft for nancy tesla for john c kota wants to take a look at um looks like natural no, uh natural gas. Yeah Treasury bonds. Yeah, we'll take a look at all those things soon to get 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 keg stats tiger forex report Teddy keg stat 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 shares 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 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 basal 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 basal 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 Toll free at 1 877 927 6 6 4 8 Internationally at 727 873 7 6 1 8 To Dave in frammingham Dave. Thanks for calling. Thanks for holding. How are you today? Fine. How are you? I'm doing well. Thanks so much for asking the gdx is I believe what you're calling about Dave. How can I best help you? Can you tell me the entry point or is it near a law as it is? All right, so let's get the yeah excellent question Has the gdx generated a an entry point yet? So that's the question and it's a possibility So the reason why it's a possibility and I'd like you to wait till tomorrow though. I think okay And here's what here's what i'm looking at. So what we did today so far is we pierced the low Of august 3rd two days ago that low was 2907 today's low so far has been 2906 that one penny What it is going to do It's going to generate bar number eight or it should generate bar number eight of a td9 count now 90 of the time When bar number eight is a successful element of the pattern which in this case it is it goes on to complete that pattern However In this case here what the gdx would there's one. I want you to wait till tomorrow at least with regard to this pattern Is that in order for the gdx to fulfill a td9 count that means tomorrow the gdx must close below 29 28 So you've got bar number two and we're trading at 29 22 It's just too close in price for me to say that yeah, this is definitely going to turn into a td9 count So I I don't know the other pattern that you would be looking for Would be a bullish reversal candle if we were to get to that day Then we would have at least a pattern completion as prices Targeted at June 29th or 26th. It was the 29th swing point that is trading within right now On a weekly time frame While the daily may be forming this a bullish either a buy the d-point pattern or td9 count bottom prices testing support And that support levels was tested last weekend held. It's been it was tested this morning It's down at the 29 12 level. So I think at this stage here Dave We should really revisit this tomorrow really quite frankly Wednesday would would be the better day But for you and your purposes tomorrow's action is going to be most important That's why if we if we revisit at 11 20 Maybe maybe we'll have some information I mean if like there's a big rally going on it doesn't look like it's going to pull back or something along those lines But really tomorrow needs to see a close blow 29 28. Does that make sense to you? Yes, sounds right to you. Perfect. Yes. I'm going along with you Well, okay. Okay. So there's our answer and we really need tomorrow's end of day close to be able to determine whether or not There's at least a valid bottoming pattern for me then say yeah, go ahead and fire away Okay, I appreciate that very much. Okay. We'll watch it Perfect. Hey, Dave. Thanks so much for calling always great to hear from you. We'll look forward to speaking to you again Thank you. That was you bet. That was Dave in Framingham let's go to Nancy wanted to take look at natural and not natural gas at microsoft out here Don't worry steve. He will get it all he'll get his you know what put together now in the case of microsoft Nancy says it hit and held low of the day from this morning. Yeah, that's true What's more important though about microsoft nancy is the trade as the bar from two days ago Because what microsoft did on a daily time frame was a confirmed a td9 count bottom Dave and I were just talking about potential td9 count patterns out here This was the bar following bar number nine out there. So microsoft has a valid bottom The level to be watching it's most important for microsoft is going to be that low That low is 325 95 but microsoft closed below that what we could be looking at is move back to 307 59 At 307 59 is the td9 count breakout level for microsoft on its weekly time frame So we have a bottom a valid bottoming pattern inside of microsoft We also have price trading with inside a new daily profile. This is a profile that formed on friday out there The profile. Oh, wait a minute here Is that weird? No, I take that back. We did we did get a new profile Okay, and the bottom of which so it's trading below the bottom of that profile 331 That's why I had to kind of adjust my eyes. So the bottom that profile is 330 157 the centers at 330 344 Which price tested rejected on friday? So we're trading between a resistance level and we have support which is the bottom of that td9 count bottom And then we've got the weekly so with regard and so right now. What's really effectively happened here um, we've got the We've got a confirmed rogment dominicator top on the daily and the weekly And the dailies turned into a bottom pattern while the weekly is testing support. That's at 326 93 So that's a real important level here to a watch. So what should take place? What should take place from here is probably should try to make a move higher But it needs to it's got blocking and tackling at 331 57 333 44 if you get above 333 44 nancy, then you're looking to move up to its oscillator and changeline at 337 So you're going to take this one step at a time out there You're holding sport in the weekly you've got a valid bottoming pattern on the daily And if those things fail then that tells us that microsoft has said to 307 59 So I hope that that helps out with regard to the msft analysis and thanks much for taking the time to write in and have a magical Monday, let's go take a look at our second request out here. This is from john c the tag is dead He wants to take a look at tesla and it's interested in the a to b equal cd patterns So what we're going to do is we'll switch back to tesla so we can look at the black background charts out there I've got a better tool for that But before we did that here what I wanted to share with you john Is you have a weekly td9 count top that is now taken price back to Support and that first level of support is its green oscillator and changeline So this is an area to watch now at the moment on a weekly basis the green oscillator and changeline is printing out at 245 39 Below that at 243 20 is the center of its bullet structured profile. So tesla has strong support. We can say between 231 93 the bottom the profile and the green oscillator and changeline that's printing out right now, which is 245 37 So tesla has pulled back into a strong support level That's important to understand on the weekly basis when we get over to the daily time frame We could kind of get lost what looks like a stock chart that wants to have lower Using that a to b equal cd pattern and the purpose of that is just simply to understand where we're at on a weekly basis So I hope that that helps you out and doesn't confuse you now Let's go take a look and those levels need to be Need to get busted through before any a to b equal cd that you and I are going to go take a look at Is that going to come to any kind of fruition out there? So that was really the purpose of that whole thing now We also have an a to b equal cd inside of tesla that has passed the b point with lighter volume So the a point out here A questionably july 19th high the b point makes a move all the way down to the a and forms a low On july 24th. We get a one-day rally That forms that c point that was a 40 percent retracement. It was above that point three a two That really formalizes an a to b equal cd to the downside now What we know is that when you only do a point three a two retracement odds Favor you do more than a one to one a to b equal cd. However, in this case here price has been sliding has been moving sideways So that that that call out there, uh, the target the initial price target 227 73 remember 231 93 Is where we have that weekly profile support as well So the volume on that swing that's again the trading day out here of a july 24th 137 million shares now you are at 53 million shares right now If we just multiply that times three we're two hours in the trading session We would have volume that exceeds that swing point So let's just say for our purposes right now You do have a confirmed or you should at day's end have a confirmed a to b equal cd to the downside Again with that first price projection target 227 and a 231 you've got the bottom of that weekly profile so What do you have to do and pay attention to I think you're short uh, uh tesla You've got to see that start getting below that weekly Center profile line of 243 20 hope that helps you out john. Thanks much for the request We're going to go take a look at natural gas for coda bonds for coda and apple for mike over in Europe Gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The u.s. Futures market and the shanghai gold exchange the gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds 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 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 tigers for just one dollar for the year There's no cash 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 tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers 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 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 in 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 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be Educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Welcome back folks. You had the dow up 308 s and p 21 And as that got 100s up five points rustles off three semis up 13 points We're taking a natural gas charts here for kota inside the tiger stand So kota there's really two things three things that we know we could almost nail down to one thing Which is price to consolidate with inside profiles And that's with regard to the monthly the weekly and the daily time frame out there So be prepared for some Frustration as this thing continues to move sideways Now you've got a valid bottom on the monthly. That's a beautiful thing. You've got a valid bottom on the weekly another beautiful thing We've got nothing on the daily time frame. Well, we do have on the daily time frame is consolidation within his profile Your question was you'd like to add more. Where's the place to add? Surely not as we get up towards resistance I think you'd agree with me on that and we know that resistance which has been tested many times When I say many times one two three four five six Seven times eight times it's been tested eight times and it has failed only once So two dollars and seventy five cents that is your key level To be paying attention to price can close above that then the daily time frame even though it wouldn't have a bottoming pattern The pattern would be price closing above the top of its profile and that in itself Can be enough to suggest that a rally is ready to further itself Now you want to add more Well, you're going to get a gift potential gift here The first gift is if we look at the 30 minute time frame chart it just completed one minute ago ATD nine count top now what should take place here code up is price should now move back to target Disositer and change line. That's a two dollars and sixty eight cents But you also want to watch today's high today's high in natural gas is Look in the september contract two seven two seven two point seven two seven If price is able to close above that that will suggest you have a strong rally for that time frame Underway and wants to move higher. However, not so fast And the reason we have to say not so fast is 28 minutes from now You're going to get a confirmed TD nine count top on the 60 minute time frame now its chart will not complete until 1 p.m But that doesn't mean that price can't start pulling back So it looks like we've got a short term top inside of natural gas that really began at 11 30 We also have a TD nine count top that's going to confirm on the two hour time frame This pattern here this candle I should say completes at 12 p.m As well, so you're going to have a TD nine count top on the two hour chart on the 60 minute chart already one that's completed on the 30 minute time frame This is suggesting we pull back. So that's what the suggestion is that's what should take place But if price closes above on a 30 minute basis The high of the day you're still not out of jail free because of the two hour and the one hour time frame charts there But what this is telling me is you should be patient and if you want to add Let's add when price gets back to those support levels The question here is that support at 268 if price pulls back on the 30 minute time frame. Is that going to hold? I don't know But that's one level 266 on the 60 minute 263 on the 120 minute charts out there So really then it starts getting down to looking at some more intraday patterns some more intraday patterns out there Maybe 10 minute 15 minute 30 minute. We've been watching those But it does look like you've got a short-term top. We're consolidating daily weekly and monthly So where's the best place to add at the bottom of consolidation? And you and I are not even talking about that as we speak right now So watch these short-term patterns that are going to unfold and now is not the time to add Both because of those and being so close to that daily resistance zone So I hope that helps out with regard to what natural gas is doing Let's go take a look at those treasury bond charts out there both of which formed Bottoms on friday out here So let me close these charts out. We'll get back to those That's not what's going to pop up on our screen unfortunately, but We'll get there momentarily I thought I'll open them. Oh, I did. Okay. So let's take a look at the 30 year on the 30 year Use you know, we've got an a to b equal cd to the downside pattern. You can sort of see that I'll just expand out the chart. We'll see that On a daily time frame Oh, no, I didn't need to now that I expanded it now. I need to really pull it back There's your a to b equal cd pattern now a to b equal cd patterns The best thing to do is to confirm those with a bullish reversal candle These are a to b equal cd to the downside patterns and that's what unfolded on friday Now it doesn't show up on my screen as a bullish reversal candle That's because it's a key reversal bar and my system's not set up to show those you have to know about those Well to know about those you need to have three conditions number one condition price must be in an extended condition Well an a to b equal cd pattern qualifies at the completion of the pattern qualifies as being in an extended condition number two You've got to exceed the prior bars high and low. Well, that took place number three For a key reversal bottom bar. You have to close one tick up from the open Well, we did more than that on friday now what price didn't do on friday It didn't close above the prior days high out there So even though you got that bullish reversal candle It failed to do perhaps the most fundamental thing to suggest that we now are in a bullish mode of prices taken out And right now today you haven't taken out even friday's high out there But what should unfold here is price should move up to at least that oscillator and change line 122 and change out there if it gets above that then we'll start taking a profile levels where it could find resistance out here And where the real resistance would be just to have this down in your pad of paper Right now it would be the center of its profile, but the problem is and here's the problem Well, I guess i'll show it's more easily for me to show it to you by switching chart pattern By switching screens out here is a new profile that's being formed now It's not being picked up by the ninja trader system that will take place tomorrow with the fact it forms But that doesn't mean that I don't want to give you the valid information So the good news with regard to that buy the d-point pattern for those of you that somehow took a long position Inside of the 30 year treasury You now have a new bullish structured profile that is attempting to form and the support area here is between 123 and 121 23 out there, but a key level for you to watch you got that key reversal bar I would really be focused in on the bottom of that profile 123 if we get a close blow that odds would favor a further move lower Which is really what the weekly and the monthly charts are communicating to us But right now the daily is saying it might have a pit stop That pit stop could take you all the way up to the 125 even steven love all there So i'll switch back to those white background charts So that's new information that is able to share with you that we didn't have on those white background charts out there A quick peek at the intraday time periods out here. They also show bottoming patterns road's momentum indicator Bottoming signals out here. So what the 30 year is telling us is it wants to move higher? Therefore rates would likely move lower. Let's go take a look at the 10-year note out here Give me mama will switch over to those charts and then the 10 year we had the same thing Now when I say the same thing I don't mean the exact same pattern formation because here what form was a road's momentum indicator bottom And so now we can see that today what price is done Let me have it on my other screen. I wanted to see if there's a new profile. It's attempted to form two So sorry about the I could only do one thing at one time. That's a real problem, isn't it? No, it's because I'm present I stay present. I try to do one thing at one time So here, uh, no new daily profile. Okay, perfect. So you've got a confirmed road's momentum indicator bottom We can see that today code a price pulled back test and rejected that us that are in changeline So that's another bullish signal. So what price should go do is target the 1202 Level that is the bottom of it's actually the bottom of its daily profile to convert those numbers out there On an intraday basis you see road's momentum indicator bottoms the 60 minute did form a td9 count top out here Pulled back and it has a new bullish structured profile So I'll close above the top of that profile would be a bullish outcome But uh, overall with regard to the daily time frame You've got the a bullish signal you were looking for to suggest that price wants to move higher with rates pulling back We'll have to monitor this as a price gets up to the 112.02 level. So kota. I hope that that helps you out with regard to With regard to you want the two year if I take a quick peek here while we go to break Let me see if I can get those charts at least a fire up for you If I take a look at the two year via the etf out here real quickly It is tua. So let's put that up on the screen Give me a moment here. We still got about 15 seconds, but it may take longer. So here a tua You've got a td9 count bottom. It looks like price wants to go target the 2310 level. That's the etf. We'll be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the Key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal 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 basal 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 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 direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three 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 program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Folks, let's go take a look at the charts here for apple This is for mike in florans or somewhere over in italy these days And mike we take a look at the stock charts out here. Let's just start with the monthly start from upper left to lower right monthly time frame Uh, this month you could get a confirmed Arrosement to indicator top which would at least take price back to 168 79 Your price closed below that we'd be looking at a move somewhere between a 123 13 and 149 91 level On a weekly time frame last week price confirmed a roadsman to indicator top Price should now target the bottom of its bullish structured daily pro of bullish structured weekly profile And that's at 175 31 a price closed below 175 31 to remake its way all the way back to its breakout level on the weekly time frame That's at 170 42 the 123 13 was a breakout level on the monthly time frame Well, apple is doing today It's cruising through breakout level number two and a close blow 180 63 Will in fact accomplish that task and that suggests lower price now that lower price that you and I'd be looking at Mike would be the 175 31 to 170 42 range out there Now you're probably going to get a pretty decent idea Here during this next the 30 minutes So i'm looking at a 30 minute chart here for apple and we look at the 30 minute chart Well, we're going to notice is a td9 count bottom that formed As we came into that 11 30 session that was a bar following bar number nine. That was a low of the session So this would suggest to you and I let me move this over to the left that a close at 12 noon below that low Which is 178 11 Will negate that signal and that would suggest lower price again on the lower price side of it We just really kind of focus on or i'm focused on more of the weekly Support level since we're already trading with inside that bowler structured profile But likewise that's a bottom if this was strong that's an area that should have held right We're inside a weekly bowler structured profile area where price should find support And we look at the 30 minute time frame. It's got that td9 count bottom now though 65 minute if that fails not necessarily all is lost remember 65 minute is is divisible into a 390 minute day, which is what we have in the cash markets. That's why we use 65 versus 60 minute charts out there So on a 65 minute basis and this candle session here is going to complete at There's going to be bar number nine to the 11. What I did complete 1140 so I guess I have a little bit of a data feed here because that new bar hasn't started So it's off by a few moments But we do have now a confirmed td9 count bottom now It's low of that pattern would not be confirmed for another 65 minutes another hour out there Um hot the 130 minute time frame chart has in fact negated its td9 count bottom So apple is really suggesting to you and I that it wants to move lower But we have to we have to recognize these td9 count patterns that are out there even one on the 195 minute chart out here So could be forming some type of bottom won't really know until we see what takes place on the 65 the 130 Now I take that back 130 is already told swaths lower price and the 195, but it's really not looking good When I say it's not looking good It's really looking like price wants to make a move into that 170 42 to 175 31 level. So mike, uh, nice to See you in the tiger's den. Thanks much for the request out there Hope that answered your question If it didn't let me know what other information you you might it maybe there was something else inside the The the message inside the den. It's I can't locate it right now And so in any event let's go take a look at the next request out This comes from a guppy inside the tiger's den. Let's take a look at ionq So let's get over and take a look at that chart or charts. I should say now. Let me make sure I'm on the right spot here Yeah, uh, so on ionq It is uh, it's having a horrible day It confirmed erosement to mitigate her top a couple of trading sessions go and now what price is going to do It's going to go test the support level of its bullish structure daily profile And that is between the range of 1475 and 1595 So price is going to go target that level out there now I say it's if ionq is going to go do that mcguppy Really hit the 1475 area what we'll see out here Well, we might see out here as a failure of its 30 minute td9 count bottom that took place at 1130 And uh, if price does close below that low that low is uh, $15 even steven if close below that low in the next, uh 16 minutes out 14 minutes out here that's going to suggest lower price So you are at a point where this should find a bottom and price should bounce up to 1632 ionq That's on the 30 minute time frame. Uh, if that does not unfold 1475 is in the cards 1375 might also be in the cards That is the weekly, uh, us the green oscillator and change line out there What else can I look at your question was a sell buy or hold and you're in at 764 So you've still got some profits out here and I don't know Um What the what the longer term what the trading plan was when you got into this instrument So since you've got some good profits out here I would be waiting for This is up to you But I would be waiting for price to bust through daily support at 1475 Or or bust through the weekly close below the weekly oscillator and change line, which is 1375 If you're asking me where would the buy areas be they would be at the support, which is at that 1475 and 1375 level So i'm saying yeah, you should hold you should at least hold now because support hasn't been touched so and and pay attention to uh That the pay attention at 30 minute chart out there to help you out So I hope that helps you out maguppy with regard to ionq that is i ionq ink That's the name of the company out there and thanks much for taking the time right now You do have volume big volume in this today. You've got about 12 million shares already and uh, you know Just an example up at the high this did volume of uh 15 million shares So it's coming down with some volume out there, but it's time to watch those support areas So I hope that helps you out maguppy. Thanks much for taking the time to write in much appreciated ELO inside the tiger cell wants to take a look at one of his favorite stocks and that is moderna And that's not anybody else's favorite stock that is for sure because this thing has been hammered How would you like to be the person that bought that share at 497 dollars or so? One was forming that td9 count top on the weekly time frame right back here in december of 2022 out there Ever since then it has been on a nosedive and the question is where is this thing headed to well ELO today Will be the bar following bar number nine on a daily time frame if this is going to find a bottom It's going to find it today now that bottom Is the table bottom that should end up in a rally or countertrend move that would take price up to its oscillator and change line That is currently printed out at 11 11 11 58 that number is going to change But you can use that right now as a guideline out here Uh if so today's low Is going to be an important level for you to monitor I don't know what today's low is going to be I can tell you I can share with you right now That today's low appears to be about 98 43 But you really got to come back and take a look at that Um to uh to to assist you with uh with modernity now it really did The 30 minute when a daily time frame don't worry folks. I'll spit it out When a daily time frame is generated a bottom signal you like to see bottom patterns form on the interday charts now On this set of charts that i'm taking a look at here I only have a 30 minute interday time frame to look at but what we can see out here It's just kind of like with the lessons people looked at this formed a td9 count bottom And it did it as we came to the 11 30 sessions. So right now that is working So you should at least get a rally up to its oscillator and change line So we'll say that mo d'arna should rally up towards the 10345 level. Does that mean it's a bottom? No, it just means that the interday It was at least a short term bottom and you should see a rally out there If that rally does continue it's continue itself Then you should see on the daily basis price get up into that one 11 63 area on the weekly time frame It says curtains on the monthly time frame. It says curtains and those curtains shoot They say that price wants to get back to maybe 13 and 53 cents Yeah, I wouldn't want to be that guy up at the 497 level. That's for sure Steve roge with tfnn. We'll be right back If you're looking for potential trading setups in the stock market Then rocket equities and 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 and 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? 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I've got the puts on moderna and Bionic tech bntx. That's the set of charts. It's up on the screen right now looking for short-term support area You're looking at 65 30 longer term though as the move to the downside So I don't have any reason to suggest that this won't get to 65 30 out here on a daily basis You're now below the bottom of its bullet structured daily profile no bottoming signal out there Two consecutive close below 104 65 again suggest another change in trend We've had several of those here and by on techs. You're below the weekly Profile without any kind of bottom out here any kind of bottom signal your bar number seven on a monthly basis It's open area is 28 bucks even steven out here You just open up this weekly chart here for a second. Whoa, what the heck did that? Wow, that's weird Oh, and now I just lost a chart. Okay Um, let me try that on a different screen or different set that was weird b Ntx is going to take a moment here to populate. Sorry about that You were also looking for short term. So on the short term support Let me just go to that out there instead of pull things back. Let me try to answer your other question So you're looking for short term support. I don't have that wasn't the chart Is this chart? So we take a good buy on a tech or buy on tech out here Um, you can see that it too is forming. It's in the process forming the td9 count bottom So like moderna out here, you've got a td9 count bottom. This is going to complete Yeah, it should complete here in the next four minutes. Now it's it will confirm in the next four minutes It will complete at 12 30 what should take place here is price should bounce up to its oscillator and change On that's a pretty healthy bounce. It's up at 100.93. So on the short term Michael just be watching that you got to watch for this pattern to unfold over the next hour out there Mark the low of the day whatever that is if you see price close below that You know that the very short term or the 30 minute chart bottom did not in fact hold But does look like this once lower price. I'm on board with you folks. Stay tuned We've got some great programming lined up for you. I'll be back with tom at about 315 or so So please have a magnificent marvelous monday. I look forward to speaking to you again tomorrow Or we'll see you at around 315. Take care folks