 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 the September 1st, the terrific Thursday 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. Let's make sure we have an extraordinary one. 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 this one little two-by-four shift, it means we can finally get to every set of circumstance that life is going to toss at us. Now today, you and I, we're going to go check out 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. I do want you to know I'm absolutely grateful for your presence here. The more important than that, that's this. I'm here to serve you during this next 53 minutes. So give us a call at 877-927-6648. Now if you can't call in, we've got you covered there too. You can always send me an email. Send that to Steve at TFNN.com. And inside the subject heading, please put radio show question. And inside here, Tiger's Denimal Any. In every ping, we'll do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show right now. We've got a sea of red out there. You've got the Dow off 155 points, about a half a percent. About one percent for the S&P or 37 points. Nasdaq won in 6 tenths percent, 196 points. Russell's down 38, 2 percent. Semi-soft 4 percent, 110. It's a bloodbath out there. In fact, if we go take a look at the indices, let's start by taking a look at the indices, the cash indices that is. Then we'll go take a look at future contracts and so forth, see where we're at intraday. But if we take a look at the daily timeframe charts out here, if you see the Dow, today is going to form the bar following bar number nine of ATD 9 cone. That says that there should be a bottom that leads to a counter-trend rally that should take the Dow up to the 32, 625-ish area. That is its green, oscillator, and change line. The S&P 500 has the same pattern. Today is the bar following bar number nine. That suggests if, in fact, we get a bottom out here, the price should move up to 4103. Now, as price moves higher, should it move higher, that number is going to change. The S&P 500 will change, so I'll give you where the target is as of today. Here's the fly in the financial ointment, and it's coming from the NDX100, which yesterday completed the TD9 count. In other words, yesterday was the bar following bar number nine. It was the low of the day before that is the low of the pattern. And that says that price needs to close above. Let's see what that number is. Right here for the cash in to see that level is 12, 240, 82. 12, 240, 82. Now, if price is able to close above that at day's end, the pattern will retain itself. Otherwise, there's an A to B equal CD to the downside. The next bottom signal would appear would come if there was a bullish reversal candle. The Russell 2000 does not have a bottoming pattern. It does have the A to B equal CD. It's past the one-to-one price projection. It is pulling back into its breakout level of sport of 18, 14, 10. It needs a bullish reversal candle to confirm A bottom. The semis look a little bit like the Russell 2000. Today is going to become bar number five for it. It has an A to B equal CD to the downside pattern, and therefore needs a bullish reversal candle to confirm A bottom. We have a confirmed right now. If 1110 was the session close, then the Dow Transports are giving you a buy the D point pattern, because what we have in place right now is really a combination of two candles. You've got a bullish shimmer candle, but there was a gap to the downside. So which one is it? You know what, at this stage here, let's come back to it after we see how the day's candle completes. The NASDAQ composite, like the NDX100, also forming a TD9 count bottom, completing that pattern yesterday. The price is trading below the low of that pattern, so it is threatening to negate it. And that low is at $1,790.02. That's the price level that the NASDAQ composite must close back above at day's end to retain that pattern. If it doesn't, then it's the A to B equal CD pattern. It would appear that's controlling things out there, and that would require a bullish reversal candle. New York Stock Exchange just has the A to B equal CD pattern. No TD9 count. It's also bar number five, like the Russell, like the semis out there. So it too needs a bullish reversal candle to confirm A bottom. Now, speaking about the NASDAQ, or the New York Stock Exchange, let's go switch over to the Advanced Decline Oscillator out here. So we'll change screens. You'll see the black background screen here momentarily. And what you're going to see as soon as it's populated is that it is in the extreme, extreme, extreme. Did I say extreme? I think I said it three times. Let's say it a fourth time. It is in the extreme oversold condition. We're down at minus 355. The low that we had back in for this indicator, back on March 12, 2020, that was the lowest low that we've seen since going back to the prior low that was in this area. That got down to minus 392.28. Now that formed a bottom with a divergent pattern where price was moving lower, but the Advanced Decline Oscillator was moving higher out there. So we're in the extreme oversold condition. Of course, New York Stock Exchange does not have a bottoming pattern out here, but we certainly should be, the market should be, getting close to at least some type of counter trend move out there. So the end of the day, it's the NDX100, the Nasdaq Composite. You could almost say the semizer are a problem, trouble child as well, but the Nasdaq Composite and the NDX100, if they do close below those TD9 counts, I'm not giving much hope then to the TD9 count patterns for the Dow, the S&P, and which other one is out there. I guess those are the only two that are out there. So that's what's going on with regard to the cash indices. Let's switch over now and go take a look what's going on inside of the equity futures. Here we've got the intraday time period. So let's start with where do we want to start? Well, let's update the chart out here. Let me, the refresh button on a 10 minute base. I'm going to go from smallest to largest. So on a 10 minute basis, you have a TD9 count pattern that has taken hold. Price should target 12, 114. That's a Saucer and Chains line. So thereabouts, that number's going to change up and down. If price can overtake the Saucer and Chains line, then what we should see is a move up to the 12, 184, 12, 202 area. 12, 202 is where any counter trend move should end for a 10 minute time frame. You don't see the chart? Man, I don't know what's going on there, guys. Oh, you know what I just said. Thank you. Thank you, Mr. Bill. That was a two by four upside the head. I thought I had changed it. I must have hit the wrong screen button. There we go. Now you should see it. Thank you. I'd love to have wing men and wing women in here. Cash-in-the-suight screen slightly cropped. Sorry about that, Mike. Hopefully these screens are not chopped off here. So you're in a lower right-hand corner, TD9 count bottom. 15 minute time frame, no bottom signal. Maybe there's an A to B equal CD, but we'll double say and maybe not so much. Oh, I do see. No, I don't see anything. On the 30 minute time frame, boy, this is going to need a heck of a move. It's going to need to move above 12-119 to confirm erodesment to indicator bottom signal, but we do have wave number seven. And if in the next half hour, that means the 1130 to 12 o'clock session that has a higher low, that would confirm a seventh wave move. Now, the real resistance out here, as you can see, is up to the 12-225 area. I don't know where the price will get up there, but you at least want to note that if there is any kind of rally, because that has been a resistance level. The 60 minute time frame chart needs a bullish reversal candle to confirm a bottom. You have a TD9 count pattern that's in place on the 120 minute chart. That gets negated. If there's a close below, 12-113-50, and that would be at 12 noon as the show is coming to an end. Steve Rhodes with TFNN. We'll be right back. Coming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money than in gold. 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. VISTA Gold just completed the Mount Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 7 million ounce gold reserve 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 Mount Todd as an attractive, dearest partner, ready-development stage gold project. VISTA Gold trades on the New York Stock Exchange under the symbol VGZ. 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 around the future 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. 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. 4-8, internationally at 727-873-7618. Welcome back, folks. We've got a couple of questions. The first one, really kind of a statement, kind of a question from Jan Balaya inside the Tiger's Den and basically making a statement. Stevie, no window dressing this month out here. Well, we really need to let the day play out and that fun buying can certainly come in tomorrow, Tuesday, Wednesday of next week out there. So I think it's too early to make that call, but certainly things do not look good at 11.18 in the morning, which I really think is the point that you were trying to make out there. And I'm going to agree with that. And this is the ominous chart here, the NQ, which is negating that TD9 count pattern out there. But let's see how the day plays out. So the first question is really about the 30-year Treasury and this is for CKP inside the Tiger's Den. So first I'll give you the view, you may have seen that view, the multi-time frame set of charts out there. So we'll get those populated here momentarily. And as we take a look at these charts, what is kind of hard to make out, but on a monthly time frame, there is a confirmed buy the D point. So the A to B, the A to B lasted to this bar number 8 of a TD9 count, price bounced right up into the Oslo Dern change line that made its next move to the downside, a nice monthly hammer candle in June of 2022. So that's a real key area out there. But you have a confirmed buy the D point on a monthly basis. You've got that on a weekly basis, you would have that too, but you also have a rogment and indicator bottom. So right now, price is just consolidating with inside its weekly profile. So support could be or should be at $133.05, CKP, $133.05. If price closes below that, well then it tells us that it's going to go target those rogment and indicator lows to buy the D point low on the monthly chart out there. The daily time frame, I don't have any kind of a bottom signal. So I'd say it's really the weekly right now that's kind of controlling matters out here. And let's see if in fact price does find support at the $133.05 level. 30 minute time frame chart says that if the 30 year treasure, it looks like the 30 year treasury is attempting to form a TD9 count. Now what price should do is move up to its Oslo Dern change line. Take that, then we're looking for a run into the 134, 135 ish range out there. Looking at the other intraday charts, I don't see anything that sticks out to me yet as a bottom signal. I do see wave number seven patterns out here, but I don't see anything right now that is showing us any kind of a bottom. So I would say that price is going to go target that $133.05 level. So I hope that that's what that, and I'll just throw this other chart up on the screen. You'll be able to see this, maybe give you a bigger view. Where is this change windows? Get these other charts up on our screen here, momentarily. So here, I've got in the weekly chart, I've got the A to B equal CD pattern. You've got it on the monthly chart as well. So you can see those patterns that are in play. And here you can see the profiles perhaps more clearly. Now, the question would be, what happens if the profile levels don't hold the support? Again, then it's the back to that hammer candle that we took a look at, or the bottom that took place. So the next level of support beyond that would be $131.01. If we get below that, we're headed lower out there. Now you can see on a, there's really nothing else for me to share out there, other than just blabber, and I'm not interested in blabbering. So I hope that helps you out, CKB. Thanks so much for the request. Let's go to our next request out here. This one coming in from LB. LB wants to take, hope all is well in sunny Florida. It is. And let me get the charts up here, and we'll take a look at. And that is your friend, Uranium. Man, not really your friend. But let's go take a look at Uranium. It says, would you please take a look at URA, and give me your take on what is going on here this morning. Was this just a retest of the breakout area, or do you see the run being over now? Volume is fairly high. Also give me current support and resistance levels. Thanks so much. So let's go turn over to our other charts out there, our white background charts. We'll see the daily, weekly, and monthly timeframe charts that are ready to take reasonable ETF for this. So what is price doing today? So far, it is just pulling back and testing a key level of support, and that is its green oscillator and change line. The green oscillator and change line is currently printing at $22.24, prices at $22.29. Now, if price close below the green oscillator and change line, it tells us that its momentum has faded, and that we have a price oscillator that will be turning down above zero. So then the question is where is the next area that would be at $21.88? What if price close below $21.88? That would then be $20.98. Both of those were profile levels, the center and then the daily profile. So far, price is pulling back and testing support. Now, in order for it to get into clear and it does not have to happen to daily, you want to see price get back above the top of that daily profile, and that's at $22.79. So that right now is your resistance level. So you've got support, you've got resistance, you've got the oscillator and change line. The weekly timeframe chart still shows an A to B equal CD to the upside. The question is, could this week form a sell the D point or a Gartley sell pattern? So here's the A to B, we'll draw that in here. So here's A to B, that goes to bar number three of the TD9 count. Now, we're just going to move that over to the low of the retracement out there, and actually it does. So here's what you're going to watch for. Now, we can't make that call to daily because we still need tomorrow's activity. But if it does form a shooting star candle, which is what is in place right now, then on the weekly base, you're going to have a sell the D point. Now, when you get a confirmed sell the D point or confirmed top on any timeframe, typically what we look for is price to pull back to that oscillator and change line. That's currently a 2083. Of course, you know that first price needs to get below its green oscillator and change line on the daily timeframe to even suggest that that is like the outcome. But it is something to pay attention to. I'll answer to your question. Would you please take a look at the URA and give me your take on what is going on here this morning? Right now it is just a test of a key level of sport. I think you need to watch that area. Now, real quickly, we'll take a look at the 30-minute timeframe, see what kind of signals this might have for us. This is telling us, so this actually has a currently buy pattern. I'm pretty sure. Here's the A to B equal CD. We'll just simply draw this in here. I guess at some point in time I should have the A to B equal CD for this pattern. So there's your A to B equal CD. You've got that little bullish hammer candle. So price should bounce from here. It takes us up to $22.98, $23.04. But if price does close below $22.11, that tells you that the run is going to get back to its breakout level of $21.65 out there. So that's what's going on with regard to the 30-minute, the daily, weekly, and monthly particular symbol URA. Lee, thanks so much for writing in and have a terrific Thursday. Next question, and only other question that I have in place here, I see there's another question maybe inside the Tiger's Den, is from Hector and Patty. And their question goes like this, say, Stevo, happy Thursday, turn around Thursday. There you go, you have it folks. Hector and Patty have called a turnaround out here. So they'll be the ones responsible if it doesn't happen. Now he goes on to say the CD down leg on the IWM looks much better. It's not to the left thing. So let's first change screens here. Give me a moment and then we'll go put up the IWM. We'll follow along with what Hector is looking at out here. So let's go back to, just give me a moment if you would be kind enough to do that. Let's go back to this set of charts. Let's put in the IWM. Let's look at the daily timeframe. We'll finish looking. Here's the A to B equal CD pattern. And so what he's referring to here is if you take a look and so one of the keys to the A to B equal CD pattern this really important out here is to maintain the exact same angle of A to B as you have for C to D. Now this tool that I have automatically does that and he's saying hey it's not on the strong side which would be the left side of that C to D leg but it's right on it. It's still a pretty strong A to B equal CD but not nearly as strong as perhaps something else that Hector is looking at. We'll finish reading the question when we get back to this break. Steve Rhodes with TFNN and I would love to hear from you. If you want to 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. 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The Art of Timing the Trade chart 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 going to 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 chart today by visiting TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority 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 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 8 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 segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com Welcome back folks. We've got the charts for the IWM up on the screen here. This is for Patty and Hector out here. Again, now that I read the full question what Hector was trying to say is the C2D leg here looks stronger than the NASDAQ 100 or the S&P 500 out there. Maybe it was a Dow and the A&Q out there. Let's just stay focused here on the Russell 2000 for Hector and Patty The IWM forms a bullish reversal bottom by day's end that he's going to go ahead and load up on the IWM. So let's first you have a gap to the downside. So today going to form some type of bullish reversal candle. I don't know but certainly we don't have anything that looks like that as we speak right now. In A to B equals CD folklore language out here, what price is done is attained the 1.272 expansion. The next downside price target range would be we'll get us down to 176.07. That's the 1.618 A to B equal CD to the downside. If we look at the weekly chart out here we can see that price is back inside its weekly profile and it's hard to see the top happens because it just formed this week is at 180.83. So this would have potential support or buyers at 177.31. Now I would say Hector and Patty if price closes below 177.31 odds favor that price will make its way back to the June lows and price will make its way back into the 177.26 the bottom of that daily profile. If there's going to be any support above that level it would be at the 1.7565 level. That's from the monthly time frame. But from a daily standpoint because you've got that A to B equal CD pattern to the downside you are really looking for some type of bullish reversal candle before you would step into that. Now if we go take a look at the intraday charts for the Russell 2000 equity future contract out here actually let's do this before I do that let's just go put up the dow and I'll do the dow through the diamonds out here and let's just put in the A to B equal CD pattern and here on the A to B equal CD pattern what you can see what Hector was referring to is that price on the left hand side of that C to D leg. That tells you that the price is a stronger move to the downside C to D than it was from the A to B leg out there. Now when it's a stronger move to the downside it's also telling you that price is going to do likely going to do more than a 1 to 1 A to B equal CD pattern. Of course the way that you explode off of a C point is also providing you with information. In this case here was a big wide-ranging bar to the downside and then a third piece of a third factor is the retracement of that B to C leg which was at 0.382 retracement. So a very shallow retracement out there again all those things lead to or have led to and typically lead to so those of you that use the A to B equal CD pattern you're getting some nice tidbits out here to use to to add to your toolbox that price along that left hand side strong side is beyond the 1 to 1.272 and should go target those diamonds diamonds right now look like they've got a bullish hammer candle right but it is a gap to the downside so you know it makes it very suspect that's why if you go back to the equity future contract for the Dow you won't have that gap you typically won't have that gap out there and this is going to be a little bit easier to make the call now because you're interested in the Russell 2000 and because I don't have any zooming in on short term charts I'm sensing it's more bottom each set up here so let's go move over and take a look at the Russell 2000 charts out here for Hector and Patty and as Dan was pointing out if we're going to see some kind of a bottom we will typically see it on the intraday charts first now what we really need to see here because everybody knows every rally has been sold so we need to start seeing even on intraday intraday basis 5 minutes 10 minutes 15 minutes 20 minutes we need to start seeing higher lows and higher highs out there and we need to see that but let's get back to the Russell 2000 multi-time frame charts out here on a 10 minute chart you've got a TD 9 count bottom it's trading with inside its profile if price can close above 18.05 it suggests to run 18.15 above 18.15 you're looking for a move to 18.30 18.29.80 on a 15 minute base you've got a TD 9 count bottom price needs to clear 18.09.20 if price can do that you're looking to move to 18.14 or 18.23 we have a roadsman to indicator bottom on the 30 minute time frame this suggests that price should go target 18.12.70 that's the austrian changeline Hector and Patty if price can get above that level you're then looking for a run to 18.26 to 18.27 18.27 is the center of its bullish structure profile if it's just a counter trend move on a 30 minute time frame that's where the sellers will start jumping on board if you take a look at a 60 minute time frame chart out here it has the potential we don't know because we have 26 minutes left in this session but you've got a bullish piercing candle at the moment that could be confirming a roadsman to indicator bottom the 120 minute chart this pattern or this pattern this candle I should say is going to complete at 12 noon there's a possibility that it could set up a bullish hammer candle if it does you would then have a confirmed roadsman to indicator bottom for the 120 minute chart on the 2 hour I'm sorry the 4 hour chart you have bar number 8 that is complete now bar number 8 will not complete until 2 p.m. that says you wouldn't get a confirmed TD 9 count bottom for the 4 hour time frame until the session end out there and then lastly we've got the 5 hour time frame chart oh I can't say it lastly but we have the 5 hour time frame chart as we span this out you've got an A to B equal CD to the downside we can clearly see that you've got wave number 7 that is in place out here so you need a higher load to confirm that pattern and you need to close up it's also a change line to suggest that there's some type of counter trend rally some larger counter trend rally that is in place out there that levels 1832 40 it'll be a bit higher than that so called 1835 the price would need to close above on a daily time frame and it can be a bottom which is simply price pulling back the support and it is at support 1806 80 out there so after and Patty absolutely there's potential here we know that the markets are extremely oversold there should be some type of relief rally the question though is it starting as we speak right now and how we know if there's any type of concerted counter trend rally out here well we'll start to see on the intraday time period let me just switch screens now let's go back to this and a moment let's go to the intraday set of an intraday chart out here so see we've got all these nice lower highs lower lows we need to see that change we saw a bit of a counter trend move out here look like we were going to get that nice bottom that took place about a start beginning about 1.30 in the afternoon on August 23rd but then you know the sky fell out of it but at least you want to be able to see that out there so Hector and Patty I know I spent a lot of time on that but they really weren't really a whole lot of questions otherwise and actually there were some good learning things that you brought to the attention of everybody out there with regard to the A to B equal CD pattern so thank you very much for doing that and you have a have a wet Thursday nobody likes a thirsty Thursday out there well that is until you get to the bar hey how about that Serena Williams match last night I don't know if you watched the last night or the match on Monday out there I thought personally I thought she played much better last night way stronger and against a better opponent too out there who really looked like really you know that first set that first set what was the different stand maybe two points two points it could have gone the other way and how about that one call that hit the line by like a like a pencil tip out there I mean now it is pretty cool technology that they have there right they've got no people calling the lines nobody calling the net out there it's all automated electronic out there so actually I thought it was pretty cool that was a it was a great great really a great match out there I'm enjoying it now she's going to be on tonight I think again at seven I don't know what time they actually go live I think maybe about seven fifteen seven twenty with her sister in a doubles match I can't remember ever seeing a doubles match a televised like this a prime time in the evening and on center court no less out there but it's going to be pretty cool it has been was really fun to watch her play so so she she beat the number two player in the world does that now make her number one yeah probably not but it's a lot of fun to watch the the U.S. open and it is a great if you've never been to the U.S. open put it on your list of things to do it's a blast C roads with T.F. and yet the Dow down 88 S&P out 33 Nasdaq 100 down 206 we'll be right back and we'll field some additional questions 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 and 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 technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his 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the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks so let's go to one of our questions out here this from McGuppy inside the Tigers let's take a look at NVIDIA and the question is could we please cover NVIDIA bad news this morning it's creating a huge A to B equal city down any support levels that will stop it from dropping to the projected D point well interesting question first the answer to question is yes that level of support is 134.59 we're trading at 133.84 that level of support I just referred to is the monthly TD9 breakout level I also see on a weekly time frame try to make sure you have three charts up yeah oh I don't sorry sorry let me switch over to the white background charts I was I saw Mr. Bill was getting ready to hit me upside the head with that 2x4 that's why I stopped there briefly just to avoid that pain so now as we take a look at the NVIDIA charts you can see on the very right hand side you got 134.59 is the monthly TD9 breakout level so that is an area of support you got wave number 7 on a weekly time frame so of course that cannot confirm a wave 7 bottom just a one of one of the tools of the Chapman wave until next week and that needs a lower it needs a higher low out there the daily time frame I think what if we pull this chart back I believe what what McGuppy might be looking at is this large A to B equal city because the B point has been taken out or appears to be taken out that's low from July the 5th out there so I get that as being the potential large A to B equal city but I would say well hold on a minute here because I would do this I would come back and take a look at the large A to B equal city which is really the weekly chart out here or we could put on a I can't really put on the monthly I guess I could but we've got on the weekly chart so that's this so here on a weekly time frame first from a weekly perspective the swing point is July the 4th that began that week 214 million shares you're at 233 223 so we know that we are already exceeding the volume of that word as we take out the swing point I would say as opposed to drawing the A to B equal city pattern that I'm assuming you are which just simply going from the high to the low on the daily time frame so that high by the way that would be November 22nd and then I think you're using as a swing point this low out here from July 5th and then using the retracement up there which was a consolidation pattern if you're using that that tells you the price gets down to minus minus minus $13 out there so that's certainly not the A to B equal city patterns in play and maybe that's not what you were looking at out here but what I would give you is the next price projection level and that is if 134.59 fails to hold and contain price then we're likely looking at about the 114.45 level as its price projection area so I hope that that was helpful to you with regard to NVIDIA and if not please let me know what I missed or what additional information you might need out there Peter wants to take a look at the euro out here so let's take a look at the euro see what it's doing we've got multiple sets of charts take a look at here the upper chart upper left hand side is the monthly time frame which negated a TD 9 count bottom a while back it's trading below support level suggested once lower price and I'd say lower price down into the 80 ish area out there we take a look at the euro out here on a weekly time frame no bottom signal here the daily time frame has a roadsman indicator bottom pattern and but it will get negated if price closes below the low from August the 23rd out there the 30 minute time frame chart we second here it's possible that it looks so it does have a TD 9 count bottom that is in place as we speak right now so what the euro should do is bounce up into its oscillator and change line on the 30 minute time frame no bottom signals yet on the 60 minute none on the 120 none on the 240 none on the 5 hour time frame chart out there so Peter in Park City no charts again what wow wow my apology folks I there's one issue that I have with this discord is that I don't clearly see where I'm at out there but in any event here are the charts of my apology so to summarize it the daily time frame I think it's really what you're focused on out here and that is because it's got that confirmed roadsman to indicator bottom of it takes out the lows from August 23rd that says lower price longer from everything says lower price out here the 30 minute chart says hey I might have a countertrend rally up to its oscillator and change line so I hope that helps you out Peter with regard to the euro the next question let me see here coming in from Alton Alton says good morning Steve if you have time could you take a look at which of these two looks so I've got enough time for at least one for sure and that's going to be intel so let's switch over take a look at the three time frame chart out here for intel and by some miracle we have time to go take a look at AMD we'll do that so let's put up INTC see what it is doing out here take just a moment for this to get populated intel is trading out at 3141 it's below daily weekly and monthly profiles I know you're not seeing that on your screen here you will momentarily I went ahead and switched over to the other screen just so I could see what's going on all I typed now is a dyslexic as well INTC that is the better if you're trying to pull up if you're trying to pull up intel it always helps on a chart to put in the correct ticker symbol that is a rule number 101 Stevie did not follow that rule my apologies there so come on populate here there we go so now we take a look at intel ok well maybe there's some good news here potential good news Intel is going to complete a TD9 account bottom today that says now I don't know if the current low is going to be the low of the day but that's let's assume that it is 3113 the price closed below that whether Intel is telling us it wants lower price now lower price to where you know that's a great question so lower price to where man Intel 2248 is a possibility out here here's the real pattern here's the longer term pattern on Intel this is a consolidation pattern so let's go ahead and put that in here I just need to get my rectangular tool so it may be a little sloppy but but look at that that is definitely a consolidation so we just need to move that consolidation box down to the bottom of the consolidation yeah how about that Intel is telling us to get back to the $17 ish area out there that's the bigger picture the shorter term picture out here which often was really interested in is watch today's we'll really watch tomorrow's price action do you have a confirmed TD9 count bottom what that means Alton is Intel should at least have a countertrend move up to 3270 if price can take out 3270 then it's run to take it to 3390 or 3479 out there so that's what we're looking at we're taking a look at Intel thanks much for the request Tim has a question and says I'm short the S&P where's the ideal point to cover and how high do you see a countertrend rally so that's a great question to answer that question what I would do is go over to the ES mini charts so we have the Russell up on our screen out here this will take a moment to populate so let's get those going the ES 922 give these a moment to populate and Tim will give you that answer will try to give you the best answer that we can obviously of course some of your questions going to be dependent upon which time frame it is that we look at so on a TD9 count bottom which the daily does have your question was how high can a countertrend rally run the answer to that question is it's also there in change line for me that would be the price target now in a daily time frame that's currently printed at 4104 4104 we'll come back to this break though we're going to further answer Tim's question because then we'll have the intraday charts here poppy see roads with TF and it will be right Mr. Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Mr. Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Mr. Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction Mr. Gold trades on the NYSE American and TSX under the ticker symbol VGC Mr. Gold executing a strategy to create shareholder value you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball 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 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 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 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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 folks let's go back to the ESMIA charts out here just to complete the question for Tim so you know your question specifically was okay first how high could a counter trend rally go to so we took a look at it in the daily time frame the problem is on the intraday charts out here there's no levels of resistance that have failed what level of resistance would need to fail in order to suggest that you know there's a counter-turn rally that would take us up in the 4104 level the two numbers that I would look at are 39-42 that is the current top of the 30-minute profile but really more like 4002 even Steven that's a TD9 count breakdown level on a 60-minute time frame so those would be the areas that I would be watching 40 17 on a 2-hour time frame chart would be another area that a price could clear and I would tell you that there's likely more rally to come but as of 1155 in the morning out here we're just not getting a ton of signal well the signals we are getting is that every rally is being sold so until we get even at least on a 10-minute basis some some higher lows and some higher highs out there Tim you know I think you go ahead and you stick with that position out there so we do have a minute left here there was a question from Nancy inside the Tiger's Den with regard to Apple Apple here as you'll see on the daily time frame is going to complete a TD9 count bottom so you can use Apple as another stock to help us with regard to what the market's intent is and what I mean by that is whatever today's low is current low inside of Apple is at 15530 let's assume that that low holds I don't know that it will but if it does a price close below that low tomorrow then this TD9 count pattern will get negated it'll be back to the A to B equal CD pattern those require bullish reversal canvas to confirm a bottom out there if the TD9 count fails Apple likely get down to 152.16 out there Apple is trading below its weekly profile out there and so that's not really a good scene but it's the daily right now that's controlling things so folks thanks much for being here on terrific Thursday I'm going to be recording tomorrow's show between eight and nine on fantastic Friday please join me then have a terrific day if I don't see you tomorrow have a great holiday weekend and we'll be back with you on Tuesday take care folks