 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Call now, toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to, well, geez, I've got my stuff all kind of screwed up here, but welcome to the September 30th, the fantastic Friday 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. And 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 circumstance, that life is gonna toss at us. Now today, you and I, we're gonna go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past eight o'clock in the morning. That's right, if you listen at the normal time, which would be 1107, we are recording this show today at eight, but everything that we share with you should be pertinent for the trading day ahead. Of course, if you are listening to us live, we would love to hear from you. So one way to contact this is by phone at 877-927-6648. Now, if you can't call in, but you still have a question, you can always send me an email. You send that to Steve at tfnn.com. And inside the subject heading, please put radio show question. Of course, if you're listening in, you're in our Tiger's Denwell Eni in every ping we'll do. So let's go ahead and get this show started on Fantastic Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now. We've got US equity futures trading slightly to the upside that dows up 18 points. The S&P is up about 18 as well. I'm sorry, the Nasdaq's up about 18. The S&P is up seven and the Russell 2000 up about six points. Over in Asia last night, it was a mixed bag. The Shanghai off 17 are half a percent, nearly 2% for the Nikkei, 485 points, but the Hangsang closed tire by three tenths or 57 points. Over in Europe right now, you've got a slightly green market. The FTSE is up one point and the DAX is up 33. Gold's up three bucks, Silver's up 20 cents. Platinum is off five bucks. Palladium is down 30 bucks out there. Natural gas is up 16 cents. Street trade now to $7 and three pennies. Life's recruit is straight out to 80, 63. That's off 60 cents. Weed futures are up. US dollar index up 408 ticks. Street trade out 112, 61. I do have a 10 minute delay there so that could be up just by a few. So let's begin the day. Let's begin our day, understand where we are and let's go take a look at the cash indices right now. So we'll switch over to all the primary cash indices out here, our top eight, got the Dow in the upper left-hand corner. So the Dow, you've got an A to B equal CD to the Dow pattern that has completed. The A point being out here on August 16th. The B point looks like it probably was September 6th of the day, it looked like September 6th. Retracement up into September 12th and boom. It makes that bullish reversal candle two days ago. That was a bull sash candle. That says that the support level, the key support level now, is gonna be the low of that prior session. That prior session being 28, 958, 22. But the point is the Dow Jones has a buy the D point better. What price should do is target its oscillator and change limits at 29, 831. If price able to close above that, you should see a further retracement, typical further retracement, or target would be its recent highs, which basically takes us back to its TD-9 count breakdown area, 32006. Now price closes below, the level of September 27th, 28, 958, 22. That spells curtains for the market. Now what it spells is lower price. And during the show today, we'll pull up the longer term charts for the indices, try to get a feel for their communicating to us as well. Right now we're just looking at daily charts. The same pattern really unfolded. You've got a TD-9 count bottom in the S&P. You've got to buy the D point pattern. The key is that the key level of support on the cash in C for the S&P 500 is 36, 23, 29. Not until that gets taken out. Well, we have a failure at the lows. Of course you've got resistance up at its oscillator change line. That should be its target. That's up at the 37, 41 level. The NDX 100, same kind of pattern out here. It's got to buy the D point pattern. That took place because of the bullish engulfing candle that formed on the 28th. That goes ahead and that sets up. Now this heading golfed a bunch of sessions out here. I still think the support level is 11, 175, 29. If we take a look at the Russell 2000, Russell 2000 has a TD-9 count bottom. Its key level of support there is 16, 53, 40. If we take a look at the semis, semis are in bar number eight. Today we'll complete bar number nine as long as the semi-conductors close below. So let's give you that number. They've got to close below 23, 73, 47. So I would say you wouldn't have much rally in order to get a TD-9 count bottom pattern out there. But, I can't say but, I can't say but, I have said but. Yeah, that's the only pattern. Well, the other option would be because it's by the D point pattern that formed this bullish engulfing candle from two days ago. That got negated yesterday with close below that. So you could get these semis could also form another bullish reversal candle. Again, I don't think it confirms it by the D point pattern. Let me just make sure here. I think my recollection from yesterday, we took a look at this and the A to B equal CD was quite a bit below where price currently is at. Let's just make sure of that. Yeah, it really is. So the only real bottoming pattern today that I could see inside the semis would be the bar number nine completes and it closes below the close of bar number five. So real possibility. Transports, they've got a TD-9 count bottom. So their key level of support to be watching, observing is going to be out at the 11, 9, 60, 50 area. The NASDAQ composite has a, by the TD-9 count bottom pattern, New York Stock Exchange has a TD-9 count and by the D point pattern. So each of these cash indices that's we're looking at should target their oscillator and change lines. Now, let's go take a look at, let's do this one step at a time. Yeah, let's do this one step at a time. Let's start here with the equity future contracts. So I want to share with you is each of the equity future contracts daily also have bottoming patterns out there. So we know the market's attempting to form a bottom. It's also attempting to bust out those lows as we saw yesterday out here. So today, not sure what's going to unfold, but when we take a look at the NQ charts, what I really want to hone in on are the intraday charts right now. So what's going on? So in the case of the NQ, I'm just simply going to open up a 10 minute chart. What we know about the 10 minute chart is that at its highs, its highs were about five o'clock this morning, this went ahead and formed a rogment of indicator top. Prior to that, there was a TD9 count that formed at 3.30 this morning. So there's two topping patterns that are in place out here. Now you can see that the 10 minute chart has a nice A to B equal CD to the downside that it completed. That A to B pattern, A to B looks like this. Let's draw that in there. And then all I'm going to do is just move the A to B to the C point out here. That C point right there, you can see this made more than a one to one A to B equal CD. That bullish reversal candle did not come until eight o'clock this morning as we were coming on the air. So you now have a confirmed bottom pattern. Doesn't matter whether the, and price side that A to B equal CD pattern confirmed at its TD9 count breakout level. That is where you would expect an instrument to find support if it is still bullish. So at this stage here, is it still bullish DB? Well, it will be if price can close above that red oscillator and change line. See how that color changed? Out there you get a valid bottom. Price goes up and targets that level. So not unless price close above 11.269 will suggest that it then wants to go take on its next resistance area. That's 11.293 and above that 11.316. So if it's 11.14 in the morning, you're trading above 11.316. Well, that says we need to go take look at the other intraday charts to figure out where their resistance zones are located. Steve Rhodes with TFNN. Would love to hear from you 877-927-6648. We'll be right back. Fluming inflation, we are purchasing powers eroded. There's no better place to protect your hard earned money than in gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, diverse partner, ready development stage gold project. This the gold trades on the New York Stock Exchange and the symbol VGZ. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and 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. Call-free at 1-877-927-6648, internationally at 727-873-7618. Yeah, folks, 818 in the morning, equity futures, US equity futures still pointing a bit higher. We're taking a look at the charts for the NQ. What we've established here is the first key level of support to be watching. Certainly throughout the morning is 11-226. That was the completion of a 10-minute Gartley buy pattern right at its breakout level to the breakout level. If that area fails, then the next area of support, coming from the 15-minute chart, would be its breakout level. And that's at 11-192. The 30-minute chart, which completed a sell the D-point pattern in A to B equal seating at the upside, is trading below profile support. So I don't really have support. The only other support that I've got out here is its swing point from 12-30 this morning. That is between the range of 11-180 to about 11-209. The NQ also has a sell the D-point pattern price right now is sitting on support. That's its red oscillator and change line. The same thing for the 120-minute chart. Now, the 120-minute chart formed a nice TD9 count bottom pattern out here. And if price can get back above its most so, and it had an A to B equal seating, but it was not a confirmed sell the D-point, no bearish reversal candle. So price can overtake the high. So let's say it's 11-19 in the morning and price is trading above 11-351. What the message there for the NQ would be is price should go target 11-588. Now, I know I haven't answered the question if somebody asked it. But what happened is bust out to the lows where is price likely headed to? So we'll try to answer that question as well. If we take a look at the 240-minute time frame chart, what we have here is a rose mint and indicator bottom with inside a bullish structured profile. Let me just expand out the chart. That way each of us are looking at the exact same chart out here. So because we're in a bullish structured profile what price is dealing with here is we're both buyers and sellers believe there's fair value with inside the 240-minute range. The range is between 11-188 and 11-566. Now if price can close above 12-11-283 where did the 12 come from? I didn't, 11-283. If you get two consecutive close above that then its signal to you and I is that price should then go target 11-566. But it takes that out, then you're looking at 12-140 as being a price target. All right, so that's what's going on the interday. Just to summarize here, you still got bottom patterns inside the NASDAQ 100 inside the NQ. We don't with regard to Apple. There's no doubt about that. So that's where some selling pressure is at. What we haven't looked at here, we should, well let's go do that right now. Let's pull this over. Is let's first take a look at our Taz market breadth for the 30-minute timeframe. So for the 30-minute timeframe, that's the S&P. Let's get the NASDAQ over here. There we go. So as we can see right now, so what this represents, if you take a look at the left-hand upper left-hand panel there, what this is telling us is how many instruments are trading above, inside and below market profiles on a 30-minute basis. So right now with regard to the NQ, it's very bullish. You've got 64 instruments above the top, 17 below the bottom out here. And this suggests that for this timeframe, market conditions are such and the time frames below are such that you should see a further rally out there. That's coming from the NQ. Let's take a look at the S&P 500 for that same timeframe. So for the S&P 500 for its 30-minute timeframe, I believe it too is also bullish. We have not looked at the ES many. It is, you've got 188 instruments trading above the top of their profiles versus 88 below. Now the message here for the 30-minute chart is different or should be different or may be different than we have for the 60-minute timeframe. So let's go ahead and pull that over here. And on a 60-minute timeframe, we can see that for all the speed dials, here's the S&P 500, for the 60-minute timeframe, 94 instruments trading above the top, 247 trading below the bottom. So even though the 30-minute chart, market profiles bullish out there, the 60-minute, the next timeframe is bearish and that suggests we should have a choppy market. We've seen the choppy market all morning out here inside the equity future contracts. So that should continue. If this switches to a bullish and the 30-minute stays at bullish, well then we take a look at the 240-minute timeframe, the four-hour timeframe, as we take a look at it, it's quite bearish as well, meaning 98 instruments trading above top of their profiles, 229 below the bottom. So the point here, and if we take a look at the NDX100, that's what we've got up on our screen right now, you can see that this too is bearish for all four timeframes. So on a 60-minute basis, you've got 17 instruments above, 37 below, for the 240-minute timeframe, you've got 27 above, 35 below. So again, you've got bearish crossovers. It's an Aztec that probably is the one that can lift all tides. So you wanna watch those charts, that's what we just took a look at right here. Now we did answer the question, don't know if somebody had the question, which is where is price likely headed to if it busts out the lows? So for that, we wanna go back to our black background charts out here. So let's do that, let's pull up the NQ charts, we've got multi-timeframe charts out here. We get this going. And so if we take a look at patterns, so let's say the lows are taken out, let's just focus in on the lows from July. Now what I've got up on my screen here right now for the NQ, well really a couple different things. What I've got up here on my screen for the NQ is the synthetic symbol that I use out here. So sometimes numbers are off just a tad, but if the lows get taken out, whether we're looking at the December contract or Stevie's synthetic version, we're really gonna get the same outcome. So that outcome is a close below the June lows, June 13th lows, would then generate, I think a larger A to B equal CD to the downside. So today's action, all price action always is important to us, but today since we're trading inside those June lows, if they get taken out, then that's gonna suggest an A to B equal, there's several A to B equal CD patterns out here. So that we just use the data that gets printed, that gets provided to us each day, each week, each month, and we redraw lines in the sand out here. So knowing that that is the B point, if that swing would be taken out, okay, that's pretty easy for me to determine, easy for you to determine as well, then all I'm looking for is where's that next high come in? And that was the trading week that began on August 15th out there. So that one to one A to B equal CD, this is only a 46% retracement would get us down to 8093. I would say that 8093 would not be its final destination, only a 43% retracement. Price traded along the left side of that C to D lag, that would suggest to you and I that we would that this could do or should do more than a one to one A to B equal CD pattern of downside. Now we don't have that signal just yet, but we close below those June lows today, that would be the likely signal and that would be supported if we take a look at the monthly time frame chart here for the NQ. So the monthly is trading below profile support. You'll see that it's A to B equal CD, lot less noise in the weekly, way less noise than the daily out here. That's gonna give us that same A to B equal CD price projection, 8093 to the downside. So again, those June lows are very important out here. Now the interesting thing is if you were to do confluence and which we have on this chart here for the quarterly time frame and we go all the way back to the 2008 lows out here. That's right. The low that came in for the NQ out here was the month of October of 2008, not March of 2009. If you go from that low up to the high, looks like I might have been off just by a tad out here. I'm not gonna worry about it. The high being the October 2021 highs out there, the 0.382 retracement is right around the 10763 mark. It's off just a tad, I can see that. I'm not gonna spend time trying to deal with that. If we take a look at retracement off of the 2020 lows out there up to the highs out here, well the 0.6 and 8 retracement area is in the 10468 level. So this is your confluence zone. So price has got back very close. Now the bottom of its profile is right in that range as well, 10, 8, 14. So around 10, 4, 70, 10, 7, 60, 10, 8, 14. So the real key level is watching what happens if price gets below again those swing points from June up there. Cause they would be simply two and a half a term. Price is headed much lower. Steve Rhodes with TFN, look great. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a seven million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold executing a strategy to create shareholder value. TFNN is excited about our new software charting program, the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system. David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. 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. Get your copy of The Art of Timing the Trade charts today by visiting TFNN.com. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has launched 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. The Tiger's Den, available to all tigers and tigeresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Back folks, 8.29 in the morning, we are recording today's show between 8 and 9. You've got the U.S. Equity Futures are pointed to the upside, Dow Futures up about 80 points, NASDAQ about 54. Of course, we've got a lot of movement so I don't know what does release. Well, it's 8.30. It is the last Friday in September, so something was just released. My apology for not knowing that. Now we were going to the negative here in the Dow. So we'll let this thing here play out for the next 10 minutes or so. What was it that, you know, I just don't see it. What breaking news? What was the numbers that were reported out here? My apology for not knowing core prices, core PCE prices out here. So let's go back to the, you know, we were taking a look at the NQ out here. What I want to do is, let me make sure we're on the right charts here. No, we're not on the right charts. Oh yeah, yes we are. Okay, perfect, all right. So what I want to do is, here's the longer term charts as well. So we're taking a look at, you know, if the lows of June get taken out, specifically right now, we'll take a look at the NQ or the NDX 100. So I just wanted to bring this back really to the NDX for you. And here if we take up for this, you've got the yearly chart. The early chart right now has a bearish engulfing candle. We completely engulfed the prior year. We're trading in the 2020 arrange out there. Of course, we still have a few months left in the year out here, but that could be, you get that bearish engulfing candle. That could be suggesting that the markets move lower into 2023, maybe even 2024. We'll take things one step at a time. Here, you can see the June lows. You can see an A to B, I've drawn in an A to B equal CD pattern here for the monthly timeframe chart. So those lows, what you're watching today as we end the month is if price does close below 11.037.21, the NASDAQ 100 cash-in-to-see chart for its monthly timeframe, we'll suggest an A to B equal CD to the downside. That would take us to its next TD-9 breakout area, which is the 74.23 range. As we look to the weekly timeframe chart, it has a TD-9 count bottom. So therefore, if today price closes below 11.037.21, that same level out there, that pattern will get negated to negate a TD-9 count bottom. That suggests lower price out there. So we know what the, if the lows get taken out, what that is suggesting to us, we also know that there are bottom signals, both intraday. We took a look at those earlier. So we've got a bunch of, we've got quite a choppy market out here. Now, if the seasonal pattern, this is the seasonal pattern for the NDX-100, this is a 37 year, believe it's the, yes, 37 year pattern that takes a look at just the, I could expand this out, just the midterm election cycle years. So that's one, two, three, four, five, six, seven, eight, nine data points that we have for the NDX-100. So it just takes a look at those years. Now this suggests that the NDX-100 does not bottom until the October-ish timeframe out here, not until maybe next week or the week after out there. So the NDX-100 suggests that it wants to make a move to the downside. That's sort of support, not sort of, really supported by the charts that we take a look at Apple. So if we put up the Apple charts out here, we'll do that here momentarily. I think these are the Apple charts, yeah. If we look at the Apple charts, I just simply expand out the daily timeframe. What you'll see out here is an A to B equal CD pattern. That says if Apple were to form a bullish reversal candle today, it would confirm a buy the D point, a currently buy pattern. Short of that price should head lower. That head lower would be headed back towards the June lows. In the case of Apple, that would be somewhere around the range of 129.04 to 132.39 out there. So pay attention to today's candle session here for Apple. Short of a bullish reversal candle, it suggests lower price. As we take a look at the weekly timeframe here chart, oh, I just deleted it. Hmm. It don't like doing that. So I know that Steve, give me a minute here folks. I don't want to have to recreate this. Let me close this out. Let me not save that. There we go. Thank you. Sorry about that. I'm going to put these. I shouldn't be able to pull this back up if this works right. So all three charts for Apple should come up. But it does, there we go. Good. So I've got the weekly. It's got Nike in there. Okay, that was what was in there. We could talk about Nike as well. But first let's get these Apple charts back up on the screen. Look at the weekly charts for us. Right now in the pre-market here, let's see what Apple is doing. So Apple closed out at 142.48. Last trade fired off at 142.72 out here, APL. Let's get those charts up on our screen out here. And we're going to go to the weekly timeframe. So we know that there's no bullish reversal signal, at least at this stage of the game, in the pre-market here for Apple. As we look at the weekly timeframe charts, there we go. What we can see here is price very well may be targeting this descending trend line out here. So that would be a logical place for Apple to head to. Now where is that going to be? It's in the 125 ish area, since there's a TD9 count breakout area at 120.707 and the TD9 count bottom inside of Apple on a weekly base was June 17th. That would be where price would be targeting. The high of that TD9 count weekly session is at 137.34. We're trading at 140.183. So you want to watch that area as well. Now the volume there is 541 million shares. So far this week, Apple has done 452 million shares. So you want to watch that, if price gets down there, tests and rejects that swing point, does it on lighter volume? That could be signaling to us at least a short-term rally or a bounce out there. On a monthly basis, Apple is still trading with inside. It's a monthly profile at closed below 140.48. Again, trading around 140.185 in the pre-market right now but a closed below that would suggest run for those June lows or perhaps 123.13 out there. Speaking of Nike, let's just, since we had seen those charts here earlier, Nike is trading out at 84. I closed at 95 yesterday. So let's get those Nike charts back up on our screen. See if we could try to figure out where they are headed to or where price is headed to, clearly lower. But the question is, do we see some kind of pattern, some kind of breakout support, some kind of profile support, some kind of anything out here. And as we open up the daily timeframe charts here for Nike. Let's do that. What do we have? From a bottom signal standpoint, we don't have anything other than an A to B equal CD to the downside. So the A to B pattern, that looks like this. We just simply go ahead and take that line. We've moved this over or tried to move this over here. There we go. We move that over to the C point. So you can see here, more than a one to one A to B equal CD, the buy the D point pattern. Actually, it does have a buy the D point pattern out here. That's going to get negated with a close today below, if price does close below 95, even Stephen and you're trading at 84 right now. So that's a likely outcome. That suggests that price continues to have lower. It would need another both reversal candle to confirm another buy the D point pattern out there. If we look at the weekly timeframe chart here, price headed lower. There's no bottom signal. In fact, it's negated a bottom signal. You are, I take it back. You are in wave number seven. Now that can extend itself through next week and the week after. The wave number seven, just a very small part of the Chapman wave out there needs to is only confirmed when you get a higher low. So short of this, so Nike trading blow, it's on a weekly basis. It's breakout support of 96.55. Headed back here to its TD nine count for March of 2020. The high of that is a 74.06 or at 84.30. So very likely, at least on the weekly chart, that's what it suggests Nike suggests that's where price is headed to on a monthly timeframe chart. You're going to form bar number eight this month today. Bottoms can't form on bar eight, but you still have bar nine that has to complete in order for bar nine of Nike to complete. That means in the month of October, price would have to close below 102.20 out there. So if you're hanging your hat on a T nine count on a monthly basis, don't know if I would do that. Instead, what the monthly chart is suggesting to you and I is Nike should go target the 84.11. Well, straight at 84.22 right now in the pre market. So what happens if Nike closes below for the month 84.11 out here? Well, that would signal to you and I that Nike could be making its way back to 54.59. Yeah, that would be the message. So Nike, watch the 84.11 area today and that should provide you with some information. Now, let me just check here real quickly. We've got, we're going into a break out here. So if I don't have any private messages or email requests out there, we'll go take a look at, they will go take a look at the metals out there. Goldilocks trading out at 16.75. That's up $6.44 cents. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks, and commodities. Subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade CHAU or CHAD, Directions Daily CSI 300 China A Share Bull and Bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges and 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 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their tick on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Got folks, 8.42 in the morning, equity futures still jumping around after the release of the inflation date out here. Right now you do have US equity futures pointed slightly higher, about a quarter percent to the upside for the NASDAQ, the ES, Russell 2000 about four tenths and the Dow is basically flat out there. So we're going to go take a look at Goldilocks. It's also been moving around a bit. Trading out right now at 1677 and we're going to take a look at the longer term charts out here. So we'll switch over to those charts. You'll see both gold and silver. You'll see the yearly, the monthly, the weekly and the daily time frame. So if you take a look at the yearly charts here for both gold and silver, you see 2011 form TD nine count tops for gold. It was the bar following bar number nine. And that says at that high out there, 2076.50 is a real key level of support or resistance, I should say. And we know that because it's already been tested and that held the case of silver, the TD nine count also in 2011, identified the top out there. Now, in the case of silver price pulled back to its breakout level of support right around $12.07 out there. And that is held from the yearly basis. Focusing on a gold out here, we can see that we have a monthly, well, you've got a monthly TD nine count top. We have a roadsman to indicator top out here. And that suggests that price could be targeted. Price does have lower. We don't bottom out here. Then the downside target for Goldilocks should be in the 1574 area. That's its monthly TD nine count breakout level. On a weekly timeframe for gold, there's an A to B equal CD to the downside. There's at least a couple that you could draw in here. The one that looks to be most operative right now, the A to B would look like this. If we go ahead and we take that A to B leg, we move that to the C point out here. We'll see that we're inside that one to one level. Right now, gold is showing a weekly bullish piercing candle. If we get a bullish reversal candle at day's end on a weekly basis, you'll have a confirmed by the D point pattern on a weekly basis for Goldilocks. What that then should then suggest to you and I is our price will target its oscillator change line. That's in the 1722 ish area. That lump number is going to go up and down. So I've just given you the area right now. On a daily timeframe, gold already has a confirmed TD nine count bottom, a confirmed roadsman to indicator bottom. The price right now is taking out. It's been trying to get back above its daily profile. Old support that became new resistance. That level is 1670 40. Retrained at 1676 right now, a close above 1670 40 would suggest that gold should then try to make a run for the top of the profile. And that is at 1695 70. And a price can overcome 1695 70. The next price target for gold would be 1742 90. If you look at silver out here, the case of silver on a weekly basis, it's waiting for a bullish reversal candle to confirm its roadsman to indicator bottom. On the daily timeframe out here, what do we have for it? We don't have much, but Wednesday could have been the C point of an A to B equal seed at the upside. Now we can make that determination until price deals with the $20 level. And that was the high from September the 12th. If price able to take that out, then regardless of whether I have a bottoming pattern or not, doesn't matter. That would then be telling us that silver would want to make a run for the 2102 area. So that's the bigger picture for both gold and silver. Still no request in just yet. Let's go look at the short-term timeframe chart here for a Goldilocks. So let's put that up on our screen here. This will take just a moment to populate. This way we can dive down and see what's going on on the intraday charts. See if there's any kind of tell anything that we can buy to you. To assist you with your trading day. So now that we've got the intraday charts here that are trying to populate, we'll start with the first chart that populates that makes sense to Stevie. So come on, finish out here, guys. Sorry for the length of time that's taking for these charts here to, in fact, populate. So let's start with a 10 minute chart. See what we know about it or where price might be headed to. So on a 10 minute basis, you've got a Roseman Dominicator top. That confirmed at 410 this morning. It formed a TD9 count pattern that lasted for about 40, 50 minutes out there. Then it got negated, price pulled all the way back until it made wave number seven. So we talked about a wave number seven bar. That's letter G, a very small portion of the Chapman wave. But something to certainly pay attention to out there. One of our dinners, two of our dinners, is Sarah Toga Bob, John Z and the Tiger's Den. Both are really Sarah Toga Bob, I think that identified it. John was able to take it to fruition. And so wave number seven, that was confirmed at 830 this morning. So this is now suggesting, this is a 10 minute chart for Goldilocks. That what price should do, because we're trading by the top of it's profile. This would be bar number three above that. What gold should do is go target 1680, 90. Now that's where the sellers are. Don't know what gold will do as it hits that level. If price closes above that on a 10 minute basis, well then that suggests that we head back to its recent highs and head higher. On a 15 minute timeframe, I don't have a pattern per se out here for us to focus in on. So we'll just simply pass on that. Nor do I add the 30 minute timeframe, the 60 minute timeframe, no topping pattern there specifically. We do on the 120 minute. So if we're looking for downside action, assume that the lows of the morning get taken out for Goldilocks out here. Then the two hour chart shows us a teeny nine count top, that formed at four o'clock this morning. It was, that's when it was confirmed. And right now what price is doing, there is a new profile. It's kind of hard to see. So let me give those numbers to you. The bottom is at 1669. The top is at 1682.90. The center is at 1675.20. We're trading above its green Ossetian change line. That Ossetian change line right now is 1674 even. So even though we've got a topping signal here, this key level of support, Ossetian change line is holding right now. Now this bar here completes at 10 o'clock. It's only 848 in the morning. But this would suggest that price can hold that green Ossetian change line and run that at 1682. And if price can overtake that, you can see you've got resistance here, 1682.30, 1685.60. So it's really going to be 1685.60. That is the nut that Goldilocks on an intraday basis needs to close above to suggest that it wants to rally further. But you've got the nice teeny nine count roadmap indicator bottom. You do have what could be a A to B equal CD pattern to the upside on the 120 minute chart. So that pattern gives us the following price projection. I'm just drawing in the A to B or moving that over to the C point out here. And that would give us a price projection in the 1698 area. Now notice that the retracement here, much less than a 0.618 retracement. So I would say if this teeny nine count pattern fails, this is a teeny nine count top fails, you've got the A to B equal CD that odds favor this will do more than a one to one. But remember, you've got those resistance zones. Sellers camped out at 1682.30, 1685.60. That is where the buyers need to overtake those sellers. That's coming from the 120 minute timeframe chart. We take a look at any other signals out here. The 240's got a roadsman to indicator. Bottom signal as does the 300. Neither of these have topping patterns. Each of these are suggesting higher price. But first things first, the 10 minutes gotta do its deal and its deal would be a close above 1680.90 out there. So that's what's going on when we take a look at the Goldie locks out here. I believe there was a question inside the Tigris Den. It was SR, this is from Mike. Mike says, SR, can you took the UCO and UNG oil natural gas? Absolutely, so let's go ahead and let's take a look at natural gas first. NG, November contract. So let's go ahead and get, oops, let's get that up on our screen here. Let's actually type in the correct date. This will take just a moment. So you want me to look at it, but anything specifically that you yourself, Mike, are looking at that you're trying to get confirmed or otherwise. In the meantime, what I will do is just share with you when we get back from this break here, oh, and to close out the show, I suppose, what natural gas and lights we crew are showing to UNI. Steve Rhodes with TFNN, you're right back. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metals sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. 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 you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com. TFNN, Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Folks, it's 8.54 in the morning out here. Equity futures are slightly mixed. Dow and Nasdaq are basically flat S&Ps up a couple as is the E-mini Russell. Gold futures up five bucks, silver's up 18 cents. Well, look at the natural gas right now. That's straight enough, two pennies at 6.84. What we can see here, Mike, is that right now, if you take a look at the intraday charts, 10-minute chart, price is testing a key level of support, 6.85. Don't know if this will hold or not. If price does not hold this up, and you can see it's got 6.85 on the 10-minute, 6.84 on the 30-minute chart. If those levels fail, then what it would be signaling to you and I is that price may be pulling back to the breakout level on the 60-minute time frame, $6.61. So you're looking for a place to enter. The reason why he's looking for a place to enter to the long side is because you've got a nice TD-9 count bottom that formed out here. Just a couple of days ago, that was confirmed yesterday, price with insight, it's daily profile. And it says as long as price stays above 672, that looking to the long side would make sense. Now, what we don't know is if price will be able to take out its red oscillator and change line currently in the 726 level. So you've got a bunch of intraday bottoming signals out here, but right now you've got short-term support that's being tested. That's at about the 684-ish level. So that's the area to be watching and watch the 10-minute chart out here for further signals. As we go take a look at Lightspeed Crude, we'll get back to those charts here. I don't have the intraday, but some intraday, the shortest time period I've got right now is the 30-minute. But we take a look at the daily time frame. Lightspeed Crude has a TD-9 count bottom. The price right now is above its oscillator and change line. We take a look at profiles out here. The bottom is at $81.47. We're trading below the bottom of the current profile for Lightspeed Crude. So that is old support that may in fact be resistance. It was resistance yesterday. It was resistance this morning out there and only a close above that. Well, really what you need to get is a close above $82.51, the center of its bullish structure daily profile to then suggest that Lightspeed Crude wants to trade higher. Now the trade higher out here would be $88.70. $86.68 to $88.70 would be your upside price target. On a 30-minute base out here, as I expand out the chart, we're just looking to see if there's any kind of a bottoming signal out here. And the answer is there is not. So the charts actually look a little bit better with regard to natural gas, Mike, than they do for Lightspeed Crude. Folks, stay tuned. You've got great programming all day long. Be safe out there and have a fantastic weekend. I look forward to seeing you on Baghdiftson Monday. You have a fantastic Friday. Take care, folks. You might think that if you want to be successful at trading in the stock market, you're going to...