 is a presentation of T F N N. 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 9th, the wonderful Wednesday edition of today's Trader's Edge show. I'm your host, Stevie 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's having a great day. Hey, 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, it means we can find the gift in every set of circumstances that life is going to toss at us. Now today, you and I, we're going to go check on the 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 11 o'clock in the morning. Now I want you to know I'm absolutely grateful for your presence here, but 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, can't dial in, don't want to dial in, you can always send me an email. Rifle that off to Steve at TFNN.com, send that early if you would, and please in the comments section, just put radio show question. Of course, if you're inside our Tigers stand, well then any and every ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now we've got a slightly mixed bag. The mix is coming from the New York Stock Exchange. It's up 22 points. Otherwise, the other US indices trading to the downside. Dow's off 41. S&P 14. NASDAQ 100. 131. Russell's down 11. Semi is off 54. Gold's down 9 bucks. Silver's off the nickel. Light's recruit trade up a buck 9. That's a gas up almost 20 cents. That's a 7% move there. And you've got the 30-year Treasury. You're printing out 122.28. That's up about a half a point as we speak right now. Now, lead the charge dollar-wise. The upside, you've got Celsius holdings. 21% move. That's 31 bucks. Axon Enterprises, 17% or 30 bucks. Duolingo, up 16 bucks or 11%. Regeneron Pharmaceuticals, up $13. And Fleetcore Technology, a $12 move. That's a 5% move there. To the downside, the Shaker's super micro of 80 bucks or 23%. That's a stinger. 3.5% for Broadcom. That's a 31-point move. Nvidia down 5%. 21 points there. Upstart holdings off 16. 31 points. 31% move there in Transdigim Group. Back about 1.5%. About $15 to the downside. So let's begin like we have the last several days. How about yesterday's action? So do you think that that market breath yesterday, when you and I looked at it, we're like so confusing with regard to what the markets were doing, what the market breath was telling us. Right? We had positive market breath. Believe it was on the ES mini out there. And we're just kind of like, this is not right. Something is what was right. It was correct. And what it was telling us, we saw that rally. Now, we still closed lower on the day, but we did see that rally. So let's start off taking a look at the TAS market breath. Let's do it for the ES mini and the NQ. Let's do it for the 30-minute timeframe. Let me just refresh this screen. Let me go from the S&P numbers. Let's go right to the NQ numbers. So let's take a moment to populate. You're going to look up in the upper left-hand side. What we have is 34 instruments above profile, 23 within the profiles consolidating within there and 45 below. So this has a bearish setup to it. That's the NASDAQ 100 for its 30-minute timeframe. The S&P 500, again, we'll take a look at its data points, 210 above, 122 below. So here we've got positive market breath for the S&P 164 in between. So again, we've got what we should see our chopping conditions, at least on the 30-minute timeframe. That's what its signals are. Now let's go take a look at 60, 240 daily and the weekly timeframe. Let's go ahead and let's just change it to the S&P just so we've got the most updated data. So on the S&P 500, we were bullish on the 30-minute, we're bullish on the 60, we're bullish on the 240, we're bullish on the weekly. It is only the daily timeframe as we speak right now and it's just barely negative, 124 above, 192 below. All right, maybe a little bit more than barely. But the S&P 500 is basically bullish out here. Now take a look at the NASDAQ 100, you're bullish on the 60, you're bearish on the 30, you're basically a break-even on the 240, you're bearish, I mean, talk about choppy market conditions. So we really do have a two-way market out here and that means we certainly want to take a look at what's going on from the intraday chart. So at least that's the signals coming from our market breath. So now let's go over and let's take a look at what's going on inside the ES mini, right? The ES mini, we had those bullish signals for 30, 60 and 240. Let's go see what those charts are doing. So here on a 30-minute timeframe for the ES mini and the ES mini's 30-minute timeframe is the only one that has established an A to B equal CD to the downside. So if you're looking to get long the ES mini, what you want to see out here is you want to see a bullish reversal candle. The A to B point, you can draw it from the TD9 count, which took place at 530 this morning. So you had a nice TD9 count top that led to price testing's profile support and then as the market opened, it crushed right through that profile support as well as its breakout area. So what's the next downside price target? Well it had to be the next breakout level of 44, 85, 50. I'm saying that's where price is going to get to? No. What I am saying though is that the 30-minute ES mini will not generate a bottom signal for that timeframe until it generates a bullish reversal candle. I'd be looking for that if we did get that as long as that bullish market breadth is still in place out there, that would be a positive and that would suggest at least a counter trend move up to its oscillator and change that. Now it's currently printing 45.18. It doesn't matter what it's printing at now. It matters what it's printing at when that pattern forms. That's a 30-minute. On a 60-minute timeframe that was also had bullish positive market breadth out here. What we can see right now is price is testing its second breakout level at 45.05. But I really kind of discount that area. It's really 44.95 that price is targeting. And I don't see any reason out here why price can't get to that level. It's below all kinds of support. But again, it's a 30-minute timeframe that it would also be focused on because of its shorter term pattern. And then I believe it was a 240-minute chart. And that also had positive market breadth. It may have had positive market breadth. And what that has done right now has led to a consolidation inside its profiles. When price trades below a red oscillator and change line, odds favor, price is going to try to make its move down to support. Which in this case here, on a four-hour timeframe, is 44.80. So let's summarize this. The way I'd summarize it is we've got positive market breadth for the 30, 60, and 240. Even on the shorter term timeframe, it's a 10 or 15, you need to see some type of bullish reversal signal, some type of pattern that would be set up there. We do not have that right now. So even though we've got that bullish market breadth, it looks to me like the ESMini still wants to continue to move lower. Now, the real key area here of support, and I move too much lower, but the real key area of support here I'd have to say is on the 120-minute timeframe. It too has a valid top. That was a TD9 count top. And it was the 30-minute and the two-hour charts that have the valid tops inside the ESMini. So what it's doing right now is it's testing its key level of support, and that's its breakout level. That's at 44.99. We're trading right now at 44.99. Unfortunately, the two-hour chart here is not, this bar is not going to complete until 12 noon. So we've got basically 46 minutes left in the trading session for that to happen. If price does close below this, then where it's targeting is that roads momentum, TD9 count bottom that formed yesterday. And that price level out there would be down at, this is at the 12 noon timeframe, that would be down at the 44.82 area. Now right now, what price is also doing, it's important to watch, what price is also doing is testing the high of that candle, high of that candle 44.98.50. So 120-minute chart, a 30-minute chart. And then I have to say the 10 and 15. We don't have any kind of, we've got bullish market breadth for many of these timeframe, but no bottoming pattern that says be patient. Steve Roach with TFNN. We'll be right back. Tires, candlestick pattern analysis is a primary tool among successful traders, and use should be no different. Candlestick patterns can demystify buy points, sell points, general price movement, and so much more. At 4 p.m. on Monday, August 14th, trader Teddy Keckstadt will be hosting a live, hour-long webinar on Japanese candlestick patterns. Teddy, the author of the Tiger 4x report, has been trading for 33 years, and candlestick patterns have been instrumental to his success. For just $97, see how to use candlestick patterns to analyze stocks and options in order to capitalize on market swings, increase your odds of success, and decrease your risk. During this live webinar, you will learn when to use and when not to use Japanese candlestick patterns in this volatile market. Dispel the myths about this strategy and see just how much the mastery of candlestick pattern recognition can impact your trading. Visit TFNN.com today. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. Welcome back, folks. Let's go out to our first caller. It's Garo in California. Garo, thanks for calling and thanks for holding. How are you today? I'm very good. How about you, Steve? I'm doing excellent and better now that I hear your voice, and I know that you call to talk about Square, I believe. SQ is a ticker symbol out there. I can see that crossover from a couple of days ago of your two moving averages out there. Tell the folks what you're doing and how I can best help you. I'm just asking to see that what do you think that is just the bottom because the statistic is already oversold, or there is room to go down lower. What do you think? Okay, so it's a great question. There is a brand new market profile that is trying to form today. So we're going to use that as our first, and I've got your charts up on my screen. So, folks, if you're watching us on Tiger TV, for Square, right now, I've got set up as the daily on the left and the weekly on the right. What Garo does is he uses different moving averages. He uses a five-day, a 21-day, 50 and 200. Those are the primary averages that he uses. He also uses the Parabolic SAR tool to help him enter trades, short-term, long-term. Now the question is, will this head lower? So what we're looking for is where is price trading in a relationship to support a resistance? And right now, price is trading below, and it's a new profile that's forming. And the new profile has very strong resistance at $64.23. The reason that I say very strong Garo is because when we take a good profile, there's basically three levels we look at. We look at where sellers are at there at the top of the profile, where buyers are at there at the bottom. And then there's a center profile line. And the center is where both buyers and sellers believe there's fair value within that range. Turns out, right now, they believe that's at $64.23. So all the buyers, or in this case, which could be sellers, are lined up at $64.23. And not until price closes above that level, would I say that, okay, maybe there's at least a short-term bottom or a counter-trend move, with that counter-trend move then taking us up into the top of that profile, which is up at $68.80. Now, I also have the weekly profiles on this chart. And price is trading below the bottom of the weekly profile. It doesn't really matter as much on a Wednesday as it does on a Friday. But if on Friday, price is closing below $63.63, that would also be an indication that price is likely to continue head lower. Now, that's coming off of your charts that I'm looking at. I would like to switch over to my white background charts, which I'm going to do here momentarily. And then we're going to see if there's any other patterns that are out there. And here we're going to take a look at folks daily, weekly, monthly, and we'll throw up a 30-minute timeframe chart. When we look at the white background charts, what we'll see here is a Roadsman Dominicator top, and it waves seven top. That's a letter G. That was actually confirmed on the trading day of August 1st. Now, we can see that prices moved lower, and price came back all the way to its breakout level. Yesterday, it actually closed below that, which was at $63.33.33. We're trading just below that as we speak right now. This guy always telling me that price is likely to head lower. The head lower target for me would be at $57.78. And that comes off of the weekly timeframe chart. And on the weekly timeframe chart, we can see that last week was the confirmation or the completion of a TD9 count top, and now with price below profile, at least at this moment in time, and below that red oscillator and change on it, $64.38. Again, it'll be more important on Friday than it is at $11.21 on Wednesday, East Coast time. But likely, if price remains below those levels, $57.78 would be my next target of support. And then finally below that, it would be at $42.33. So the answer to your question is my chart suggests that no, this is not a bottom inside of a square. Now, those were the daily, weekly, and monthly. Just to complete this, so that we get the intraday kind of feel for it, we'll look at a 30-minute timeframe chart, see if there's any kind of signals here. And on the 30-minute chart, what we got yesterday was a TD9 count bottom. That took place between 1.30 and 2 o'clock in the afternoon. And that most certainly did lead to a rally. And that rally on this 30-minute timeframe turns out, let me see if this is possible. Son of a gun it is. Don't see this too often. Garo, the bottom of its 30-minute profile, both the bottom and the center, are at the same price. Again, a strong resistance level, $64.56. And we can see that the rally this morning, we saw that little gap to the upside. What was the actual high? $64.55. What's the actual resistance point? $64.56. Yeah, this has not turned any kind of a corner, not just yet. Yeah, very good. Very, very good. Excellent, excellent. In your words. That was very convincing, very much. Thank you, sir. I appreciate it. Thank you. You bet. You bet. Always good to speak with Garo. Of course, folks, I would love to hear from you as well. $877-927-6648 is the number. I'm going to go back to those ES mini charts just for a quick moment because I was on a different screen. Sorry about that. Here are those ES mini charts. Just to go back to them, we can see that an 120-minute chart right now priced at trading below that key level of $44.99 out here. So we are headed back towards yesterday's lows inside of the ES mini. We'll take those out. That I don't know. We do have bottom signals down there on the five-hour time frame chart. So the five-hour time frame chart does not complete until 2 p.m. today. So that bar is not going to help us just yet. But look, when we were doing the analysis, everything was pointing to lower price out here. And again, we said, let's pay attention to the 30-minute chart. Now, we're in bar number seven. So what's the next level of potential support out here? I'd have to go with the $44.8550 level. Again, the 30-minute chart needs a bullish reversal candle to confirm a bottom pattern out there. So I'll make sure I'm on the right screens. Okay. So let's get to... We did have a couple of questions that came in. I haven't checked my phone here recently. But the first one was from, I think it was from Robert. And he wanted to take a look at Walmart. And the question was looking for profiles and seasonality. So we've got the Walmart chart up on our screen up here. And Walmart, today, if Walmart is able to close above, give you this number, it's trading above right now, $160.94, it negates a TD9 count top on a daily time frame. So I know you want the profile levels. Well, the profile levels for the daily time frame from Walmart are down at $155.83. That's the top of the profile. So there's really no profile level on a daily basis that I can provide to you that's going to assist you. I'm going to just check my other screen just in case. By any odd chance, there's a new profile attempting to form. Now, nothing that's attempting to form as I've got it. So the daily time frame chart says if we close above that TD9 count high, again, that TD9 count high, I believe, was up at the $160.94 level Walmart wants to head higher. On a weekly basis, price is trading above a TD9 count top that formed all the way back here the week of April 22nd. That was back in 2022. About high, $160.77. So the next level you're looking for here, Rob, is this price close above that? If it does, it suggests higher price. Where's its profile level that you were asking for? Well, that's all the way down at $157.71. So the profile levels you were looking for are $157.71 and $155.83. No resistance, because we're above the top of those profiles. And that includes the monthly time frame. Now, the monthly, we're too close to the beginning of the month. But again, a close here above at the end of the month, above the high from April of 2022, that's at $160.77 negates those topping signals out there. Now, on a very short-term basis, we have a TD9 count top for Walmart that is going to complete here in the next four minutes. What that says to you and I is that what price should do is we should see a little bit of a retracement. That retracement should take us back to support. That's going to be at about $161.21. That happens to be the top of that profile. That happens to be the oscillator and change line. But where the real countertrend move on a move lower should end would be at the price point of $160.89. If it doesn't end there, that tells you there's something else going on on a 30-minute time frame chart. Steve Rhodes with TFNN. We'll be right back and I'll give you the seasonality for Walmart. 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 US 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. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has 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. 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. Welcome back, folks. I'm going to show you the seasonal pattern here for Walmart momentarily. I'm going to change screens because last time I did it on another screen, things went a little bit wild. We're going to take a look at the seasonality. This is a 50-year seasonality pattern for Walmart. We saw that Walmart is really ignoring the seasonality, so to speak. We are still in a short-term favorable cycle here for Walmart. What I mean by that is it typically bottoms like the market does in the July timeframe. Over the last 50 years for Walmart, on average, it's been right around the beginning of August. Then we typically see a rally into August 16th. It looks like another week's rally out there. Then we should see Walmart, if it were to follow the seasonal pattern, move lower like the market into the mid-October timeframe. That's what it's done over the last 50 years out there. If you take a look at the last 15, the last 15 says, okay, we really are in that favorable seasonal cycle that takes, again, price up into that August 16th level. Rob, I hope that helps you out. Thanks much for taking the time to write in and have a wonderful Wednesday. Nicholas was interested in the SMH. In fact, why don't I stay on this black background chart? Because Nicholas was interested in the SMHs from an A to B equal CD to the downside pattern. What he picked up on and very key was that yesterday, what price was doing was it was testing its swing point, potential swing point of an A to B equal CD. That was a swing point from right here of August 3rd with volume. That swing point had 6.7 million shares. And yesterday did volume of 8.4. Did that make it an A to B equal CD to the downside? And the answer there was no. And the reason is because price needed to close below the B point, not just tested. And now we are trading below 152.16. That's the B point. Don't know where price is going to close today. The volume so far, 3.5 million shares. Well, that swing point has only 6.7. So what this is suggesting now, Nicholas, is that today, if we get it closed below 152.16, what we will see is a confirmed A to B equal CD to the downside. The one-to-one price projection level would be 147.53. We can see that the retracement, the B to C retracement, was less than .618. It was 48.61 to be exact. That typically results in more than a one-to-one A to B equal CD to the downside pattern. The 1.272 expansion, 145 to 1.618, would be 141. Still today, though, price must close below 152.16 to generate an A-B equal CD down pattern out there. So that's the SMH. Now, one more thing. I'm going to switch back to the white background screens. We're going to take a look at is there any other level of support, potentially, that price is trading into? What I mean by that, we get to those charts, is going to be, where's that weekly oscillator and change line? I don't know the answer to that, but it's going to be revealed to us. Okay, perfect. Well, not perfect, but we are trading below that right now. So we were trading above, but here's the other level of support that we can take a look at on the SMHs. What's interesting is it shows up on the white background charts, not on the black. Always interesting for Stevie. But here, what we can see is if this is only a counter trend move for the weekly timeframe, that's what's really important for each of us to understand here is where price should find support would be at the center of that bearish structured weekly profile. That number is 148.47. So that would be the next area potential support, 148.77. The price, and remember the 1 to 1, A to B equal CD, gets you down to 147.53. So we'll use that as basically the range out there. And that would be the area to be watching and observing. If price gets below that, then we're looking at that further move lower, whether it's 145 or maybe it's 141, which is the bottom of its weekly profile. So Nicholas, I hope that helped you out with regard to the A to B equal CD to the downside. And thanks much for taking the time to write in. The next request coming from Bob and Spokane, he wants to take a look at Palantir. PLTR is a ticker symbol out here. I think you're looking for profile levels, reporter resistance. So let's start with the support area. The only support level that you have right now in the daily timeframe is going to be its breakout area. And that's at 1495. Now this formed a rogment to middicator top. It did that when it generated this bearish separating line that was back on the trading day of August the second. Now we are trading below the bottom of its profile at 1644. A close below that today suggests 1495. That does not mean that 1495 is the bottom. 1495 to 1518 is going to be a very key area for you to watch and observe, Bob. Why? Because that was a bullish structured weekly profile. And if it's just a countertrend move to the downside where price should find support on a weekly basis at 1518. So that means Friday's closed, not where it trades due today or tomorrow. But on Friday, we'll certainly want to be able to take a look at that because right now we're suggesting that's where price is headed to. We'll get a confirmation of that. I think we take a look at the 30-minute timeframe chart. So let's go ahead and pull that over, see what that's communicating to you and I. And what we'll see here is no bottom pattern. We see a rogment to middicator signal that's been triggered. But that needs a bullish reversal candle to confirm that pattern. We are in wave number seven to the downside. That just will extend itself after this bar completes right now. That needs a higher or low. So there are two potential bottoming signals out here that could lead to a rally inside a Palantir. But even if it does, it's just a short-term rally based upon the signals that would be generating a bottom pattern out there. And the rally should run out of steam at about 1629 out there. So Palantir, likely targeting at least this breakout level of 1495 on a weekly basis. You want to watch 1518. If you close below that, that could be telling you about a further move lower. And 1222 would be the likely price target. Let's take a look at our next question out there. And that's coming in from MacGuppie inside the Tiger's Den as well. And it's SMCI that we're going to take a look at. And SMCI, I believe that MacGuppie is long, both of these. And what Price has done today is it has pulled back with a vengeance. Big volume. It's already done 7 million shares today. That's pretty big for this instrument. But what it's also done is found support potentially MacGuppie. And that's at its breakout level of 262.54. That's a key area to watch. If price closed below that, then we're likely looking at 218.51 as being a target. Now, before we get back to the 218.51 area, there is another level of support that you'd like to keep your eye on. That is the top of the weekly profile. And that top is at 253.33. Don't know the price is going to get down there because right now we're holding a 262.54. Of course, when you get to that breakout level, let's say on a daily timeframe, you like to see intraday charts confirm that that is a key level of support because it forms some type of intraday bottoming signals. When we look at a 30-minute timeframe chart, we got nothing. So on a 30-minute basis, it forms a TD9 count top, it forms a TD9 count bottom. Price runs right up into its breakdown resistance level 353.77 and out of day, it's curtains. So I don't have any kind of bottoming signal on a 30-minute basis. Even though the oscillator and change line will be incorrect on this next chart when it changes to 10 minutes because it still has a 30-minute, the 10-minute chart does have a TD9 count bottom. So what that says is you really want to watch the low. And that low is 261.60. If you close below that, that says lower price. If you close above the Sunday 30-minute basis, 10-minute basis, if you close above, this is a bow structured profile. If you close above 351.70, then odds favor that what SMCI will do is have a counter trend move up to about the 283.46 level. So that's your SMCI for your 10, your 30, your daily, your weekly, and your monthly timeframe. So if that helps you all, let's go on to your next request. It's a twofer and the next request is for MGNI. We're going to take a look at MGNI. We get back from this break. And then we're going to look at the XLE for Hector, for PFE, for Alton. And of course, I would love to hear from you as well, folks. Steve Rhodes with TFNL. We're going to go take a look at from the big chill. We're going to look at QCUE out there. 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? 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. 12.55 to 12.91 is really the support range out here, so it is trading back into a level of support, but if those areas fail, then what this would be signaling to you and I is a move back to 11.83, and if 11.83 does not hold, then we're looking at 10.74. Now on a 30-minute time frame, you are forming bar number 8. By the way, so too is the ESMini as we speak. So the ESMini at 11.30 completed bar number 7. I did see that bar number 8 is lower, made a lower low than bar number 7, so you couldn't get a TD9 count bottom on 30-minute time frame by 12 noon out here. The one that would form between 12 noon and 1 o'clock is how we should say it, but here you've got bar number 8 that's also forming, so MGNI could have that counter trend move. So you really have to monitor those areas of port which are the weekly 12.91 and then the level that I gave you on the monthly time frame. So I hope that helps you out McGuppy and best of luck to you on those trades. Hector and Patty, they want to take a look at the energy sector out here. I should read a question that says, is the XLLE finally confirming to run to the top with volume and possible breakout levels? What are the numbers to watch out here? Well, what we can see is that we will or the XLLE will negate its daily TD9 count top today so long as price at day's end closes above 87.73. We're trading right now at about 88.79. So this is suggesting Hector on a daily time frame breakout. Again, price needs to close above that level. However, we can't just stop right there. That's the real use and that's the real reason of using these multiple time frame charts. Just imagine if all that we did to fly our airplane was only looked at one thing. Yeah, we probably wouldn't be flying the airplane real long because what you and I also know Hector is that price is even though it's breaking out on a daily basis, it's trading right up into where the sellers are located on the weekly time frame. In order to prove itself that there really is a breakout and wants to get back to those prior highs, you and I need to see a close above 89.13 to be exact and we're trading 88.86. Now, if we do get that, then what that's going to do is signal move up to 94.71. At 94.71, we've got a couple of different tops out there, but that is the top of its monthly profile. So it looks great on the daily as we speak right now because price is taking out ATD night out top. However, the weekly sellers say hold your horses and if those price can get back those past those weekly sellers, well, then you're up to 94.71. So Hector and Patty, I hope that helps you out. Those are the numbers to be paying attention to and to watch with regard to the energy sector. That is the XLE. Let's go to our next request. This next request coming in from Alton and Alton wants to take a look at Pfizer. PFE is a ticker symbol out there. He's in it. He's not happy with its performance and let's go take a look at it. So if we're looking for patterns out here, I don't see anything on the daily base that sticks out at me, but that's okay. You're in it and you're in it to win it. What is going on on the daily timeframe? Well, right now what you've got is a consolidation with inside profile levels. Those profile levels support is at 34.90 and resistance is at 36.54. So you're just kind of consolidating with inside that. Now what you'd really like to see is the weekly chart generate a bullish reversal candle. At the present time, it's a bullish piercing candle. In order to retain that bullish piercing candle, it has to close at least halfway inside the body of last week's candle session, really half within halfway plus one tick at least to the upside out there. Now, if it doesn't close above the daily, it also needs to really close above the bottom of its weekly profile. That number is 35.85. So I've watched 35.85 as well. The reason that's important is because the price closed below that you'd have two consecutive weeks below the bottom of a bullish, well, it's not a bull structure profile. It's just a regular profile. I'm going to take that back. Skip everything that I just said, which is probably pretty easy for you to do because probably nobody was listening and don't listen to any of that. Let's get back to the reality here. The reality is if it forms a bullet, what you want to see on a weekly basis is a bullish reversal candle and a close back inside that profile. And that would just simply mean a close above 35.85 at week's end. On a monthly basis, price is pulled back to support. That was its breakout level. That breakout level being 35.76 out there. So the daily, you're consolidating. I don't see the bottom pattern out there. The weekly might form a bottom pattern. We won't know until Friday. The monthly could be at a bottom pattern with price pulling back to its breakout level. So that's what I've got for you on Pfizer, Alton. I hope that that helps you out. And thanks much for the request. The next request coming in from the big chill inside the tiger's den and the big chill wants to take a contiguous ticker symbol, CUE. And CUE is trading out right now at about 361. It's trading below profiles. It's trading below a TD9 account bottom. It negated that pattern a few days ago. It did find support at its breakout level of 349. So what's this thing doing? It's trading below support. It's trading below resistance, which is up at 375 and above support, which is 349. No bottom pattern there. On a weekly timeframe, you're trading below support. And the price closes below the low from the week here of July 7th. That's going to be a key level for you to watch. That key level is 414. You close below 414. No, that's not the right area. Steve, you read the wrong number. 345. If you close below 345, odds favorite moved to 296. I'm going to still say right now, odds favorite moved to 296. But price needs to get below at least the 349 level. That's that daily TD9 account breakout area. The monthly chart has a TD9 account bottom. And price has just been consolidating sideways. So I don't see anything wrong with the monthly. The weekly is not great. The weekly could actually be setting up an A to B equal CD to the downside. It makes that swing point that you and I looked at really important. And with inside the daily, it doesn't look really that great. So I hope that helps you out. Big chill. Wish I could provide you with better information. But it is what it is. The next request coming in from Lee, let's take a GLATF. So let's see if we can pull that up on our screen out here. GLATF is drum roll please. That is the Global Atomic Corporation. I went to see how about that. Is that a coincidence? There are no coincidences. I went to see that Oppenheimer movie last night. Man, was that a long movie? So talk about Atomic Corporation. What the heck is this doing? It looks like it wants to head lower. You're trading below everything. Daily, weekly, monthly profile levels. You're below oscillator and change lines. The only possibility of a bottom here could come over the course of the next three days. Not including today. The next three days. That's Thursday, Friday and Monday. And you at least have to see a tick below bar number six which is 101 that could then establish a TD9 count bottom. But we really have to come back to that I would say next week. I don't see other than that. I don't see any other kind of bottom on a daily timeframe, a weekly timeframe. If you're asking me, Lee, where's price headed to? 43 cents is its price target. That is the weekly breakout level. Now we come back to this break, folks. We're going to have about two minutes to go. We're going to take a look at ONON for Tim. We'll try to take a look at Boyle, at least natural gas, and the NQs for S&P inside the Tiger's Den. 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? 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. 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. Live programming hosted by a variety of professional traders during market hours. The Tiger's Day. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Hey folks, so for Tim and we're taking a look at O-N-O-N right now. This is just consolidating with insight. It's a daily timeframe. $36.18 is the top of the profile where sellers are at $33.91 is a bottom. If price can take out it's a high, the high of the daily timeframe that we're looking at that is a roadsman to indicator top is up at $36.83. If price can do that, Tim, then where price is headed to is $44.48. It has a confirmed A to B equals CDT upside on the weekly timeframe. It confirmed that a couple of weeks ago when it passed the B point with volume. The volume was 20 million shares. That was going against 16 million shares. So what you want to do is you want to watch that to the high that it gave in the daily timeframe. You get above that, you are headed higher. We're going to go take a look at natural gas. Natural gas appears to be generating a change in trend signal. Now it will do that on the weekly timeframe. It will be closed above the top of its profile, $285. That doesn't mean that it's a free ride to the upside, but it looks like it would be a free ride up to about the $3.36 area out here. That's its weekly TD9 count breakdown level. So you got a nice buy the D point bottom on the monthly, resistance there is 319. You're above resistance on the weekly, but of course it's only Wednesday and the daily is also trading above resistance. So everything looks pretty good here. Today I'd be watching today's high because we have a TD9 count top on the 60 minute basis up at $3.00 and one penny, $3.00 and two cents out there. If price closes above that, the rally will continue, but just know that that is your resistance point. Let's go take a look at the NQs out here. The NQs see what they are doing here intraday, any kind of signals. So let's get those things to populate. Come on. Come on. Open up here. No idea why it is taking long. Not what I had hoped for with a two minute countdown and trying to get everything in. Wow. That's really weird. That's really weird. Okay. Hey, weird is what it is. So the only bottom pattern that I see right now, I see a 10 minute TD9 count bottom and that says if you see a close on a 10 minute base, I'll just give you that because it's all like, well, I can't even pull that open right now. Son of a gun. Well, my apology for that SNP. The charts just didn't, everything was happening forced. It just wasn't happening for you and I right now with regard to these charts. But folks, stay tuned. Great programming lined up. I'll see you tomorrow on terrific Thursday. Please have a wonderful Wednesday. Be safe out there and take care.