 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes, toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the December 2nd. How about that? The December 2nd, the magical Monday edition of today's Trader's Edge show looks like we've got a snowstorm kicking in all over the place. So we're going to take a look at that, the blizzard that's going on inside of the equity markets out here. Thanks so much for joining me. Look, this next hour, it's really all about you. I'm here to serve you, so feel free to give us a call at 877-927-6648. If you can't dial in, we've got you covered there, too. You can send me an email, Steve at TFNN.com. Inside that subject heading, if you'd be kind enough to put radio show question, that'd be great. Inside the tiger's den, like Kota just did, any ping will do. So hope everybody had a great Thanksgiving holiday. It was nice to have several days off out here, but glad to be back with you. And so let's go ahead and get this show started. Right now, we've got the Dow trading up 217 points. That's down about three quarters of a percent. The same is said about the S&P 500, although it's 24 points to the downside. NASDAQ 100 off a little over more than 1%. 96 points. Russell is off 14. Semi's are down 21. NASDAQ 100 off 85. So plenty to look at there. Now, the spotball utility, this is as of 107, obviously. In the afternoon, it's up by over 10%. So we know if we do see a close one day rate of change greater than 10%, you're going to anticipate some type of bounce or bottom. We'll talk about that and take a look at where those levels might be during the show. Gold is off 3 bucks silver off 11 pennies. Penny's lights we'd crude is up 69 cents. Natural gas up a nickel and bonds are off by more than a point. So let's go ahead and begin by first, let me get my screen here sharing so that we can all take a look at the charts together out there. And let's just start by taking a look at the markets. There's enough that's gone on the markets. Let's start here and then I'll go ahead and get to the requests out there. So we take a look at the markets. What do we want to take a look at? One of those requests for Jay, even though Jay didn't ask, I just know just through mental telepathy that he was asking here, are there any new profiles out there? And voila, there are some new profiles that are trying to form as we speak right now. They have evolved during the day. They've changed a bit during the day out here, Jay. But as 108 in the afternoon, here's what we know. We know that the ESMini is trying to form a new bullish structure daily profile. And the bottom of that profile right now is 3097. I can't guarantee you that 3097 or this entire profile will stick throughout the day. We'll have more information tomorrow on this. I'm using my advanced Doppler tools out here to generate these new profiles. So they are subject to change out here. But right now let's use the information that we have. It's good information. 3097 is the next key level of support for the ESMini as we speak right now. Inside the NQ, it's 8253. The bottom of that box, 8253 and a bit of change out there. Now inside the Dow, that is the panel number three, it's both trying to form a new daily and weekly profile out there. Now the weekly, well below where price is trading, but price is also below the bottom of that daily profile. I'm not sure what to make of it just yet. I take it for what it is, which is we've got right now, what appears to be a move or a close below, perhaps a close below the bottom of that daily profile. That was bullish and structured too. We like to say there's nothing more bearish than a veiled bullish pattern. Although when I take a look at profiles, not so much pattern as much as it is helping us to identify support and resistance. Now in the case of the Russell 2000, it too is trading below the bottom of its profile. That's 1613 out there. So let's take a look at the Dow. Why do these profile levels matter to you? And so at the end of the day, you're going to be watching this 27961 or if your newsletter subscriber will have more information this evening when I send out the evening update and certainly in the morning with regard to profiles. But let's just assume that these profiles do take hold out here and let's begin by taking a look at the Dow. Let's start here. The only levels that I'm showing are the bottom of the profiles because that's really what you and I are interested in as we speak right now and the way that these will work, the way you hear people buy the dip. Where do you buy the dip out here? Well, profiles are one level where you can do that. Certainly, Stevie's red, green line, the oscillator and change line. That's not on the chart out here. So, Steve, let's just stick to the profiles. Now we'll just take a look at the bottom of the boxes out here. Now this is just coming back since we take a look at just going back to December of last year out here. So, if we take a look at the bottoms of these boxes, you'll see that the first test of a pullback into the bottom of a box was on February 8th, 2019. You see how Price tested and rejected that level. Continued moving higher. We didn't have any changes in trend out here until we began seeing a close below the bottom of profile. Well, inside of the YM out here, that took place between May 2nd and May 7th out there. That just turned into an A to B equal CD pattern or close to it out there that's led to the yellow for about a couple of weeks, maybe three weeks back into June the 3rd out here. The next time we saw a change in profile was this little conglomeration of closes between the middle of July and then finally got moving July 31st to the downside with a close below the bottom of that box out there. Price then ended up finding support at the bottom of a profile back here August 26th where it was really the test of that level and then Price moved off. We saw another close below the bottom of the YM chart on October the 2nd out here. So, just using this as a frame of reference that there could be a change in trend that this is more than just a one day or one hit wonder. Now, we've got to go beyond that. One of those places to go beyond that would be taking a look at the perigee lunar phase out here. So, we take a look at and I've shared this with folks before in the past out here. We take a look at the ESMini, the NQ, we've got four panels. This is a 30 minute timeframe chart folks for each of the equity futures contracts out here and you're going to see two perigee lines. The reason you see two, I believe it was not this past Saturday, but it was a Saturday before when perigee came in and it came in over the weekend. It came in when the markets were closed. If the markets were open, I would have used the exact. When I say exact, I mean exact to the minute close of wherever Price was trading when perigee comes in. Well, when it's in the over weekend and the markets aren't trading, I never know. You never know. Anyone never knows really whether it should be the open of the Sunday session or the close of the Friday session and therefore you've got two different lines out here. Now, for many of you, you'd think I'm just simply nuts. Well, most of you think I'm nuts anyways, but that's a good thing. If we take a look at, how does this work? I know how it works, but how does this work? The ESMini gets all the way down to that 31-12 level. Granted, it was a couple of ticks below that, but I really use the body of the candle. That is truly the essence of Price for Stevie out here. And look at how Price got down there and it held. I'm certain that John and the Tigers must have taken some action as Price was getting down to that perigee pivot point. The NQ did the same thing. It got right down to 82-83 where it found support. Now the Dow, it is weaker of these three indices out here and Price is trading below that level. And then take a look at the Russell 2000. It's above both either the open of not this past Friday, but the prior Friday or even the Sunday open. Right now, as of 1.14 in the afternoon, what Stevie can report to you is you got the ESMini and NQ testing support. But close it below 31-12 and 82-83. Oh, that could signal blizzard conditions. She roads the TFNN. You're right. That was a technical analysis. 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We'll take a quick peek at the ES mini. If we take a look at our market breadth up here, that's going to be our right hand, upper right hand corner out here. You're going to see that both the 60 and the 240 have had bearish crossovers. You can see that their dials are in the red. You can see that when we take a look at the daily and the weekly timeframe for the S&P 500, they're still in the bullish control, so to speak, a bullish crossover market breadth out there, meaning more instruments are trading above the top of the profile versus trading below the profile. That's not the same. We take a look at the four-hour timeframe chart out here. Let's go take a look at the four-hour timeframe itself using the equity futures and use some of Stevie's tools out here to see what it's doing. One of the things you're going to notice is you're going to take a look at these or you should take a look at these red horizontal lines out there. You might ask yourself, I'd ask myself, what the heck are those, Steve? Those represent the breakout levels out here. These breakout levels are defined by that TD setup nine count. I want you to think of the breakout as if you're going to begin a race. You're going to just different races out here. You've got the 100-yard dash. You've got the 400-yard dash. Is there such a thing as a 400-yard dash? Got to be. We just said so. You've got the marathons out here. But when we get the nine consecutive bars, in this case here, where the close of each bar is above the close of the bar four bars early, what it does is that nine count gives us that breakout level. What we can see here is the breakout level. So we have our, for support or resistance, we have our TAS profile levels. Well, the bottom of the 240-minute chart support for TAS was 3,140, so that failed. Price then should, when it fails, one level of support should go to the next level of support. For that timeframe, that timeframe in this case here would be 3,116 or the 240-minute timeframe chart. You can see that price is trading just above that. So we've got price trading above the perigee pivot point. We've got price trading above 3,116.75 out here. You can see you don't have coming off of the low in October 4th. That was formed with that Rhodes Momentum Indicator bottom, by the way. This most recent high was created with the Rhodes Momentum Indicator top out there. That's a pattern that I teach folks. Just sign up, become a subscriber and go to the archive section of your members page and watch the videos that are there. I think there's about four or five of them. But then even out here, you don't have to do that either. You can just watch 3,116.75. And there's a close below that. It's a highly suggestive of a change in trend signal that is underway. We haven't seen any close below those levels coming off that October 4th area out there. So we'll watch that. We'll watch that number. That's the number that you'll want to watch. Now, we can spend more time taking a look at the equity markets out here. And we will, but we've got several questions that have come in. And so I want to make sure that we get to those. So let's begin. Alan wrote in earlier this morning or, yeah, it was earlier this morning. He wanted to take a look at ticker symbol S-I-N-A. So let's go take a look at our three timeframes here for Alan. And Alan is long. And his question is, do I think that this has made a bottom out here? So here's what we know, Alan, about CinaCorp. We know the price is trading with inside its daily profile. I found resistance there a couple of days ago. That level was $35.67. It's a bullet-structured profile. The buyers did what they were supposed to do, which was push price up to resistance. That took place. It looks like on Wednesday. And that level is held. So $35.67 is a key level that you want to see price close above. Now, profile-wise, for the weekly and the monthly time frame, price below the bottom of those boxes. So that's really not that great for you. But let's go see has this made a bottom. Now, if we take a look at the daily time frame chart, that's where we'll start. Here's what we see. The answer is this did form a buy the D point. You can see the A to B equal CD pattern out here. I'd have to pull the chart back further. I'm not going to call that a Gartley buy pattern. But you did get the official bullish signal of the buy the D point. And that was with that bullish engulfing. I think you had mentioned the bullish engulfing candle. That occurred back here on November 22nd. And price has now run up into that resistance level of the top of that profile out there. Price above Stevie's red line. There's no reason for you to get out. I see your entry price out here. I wouldn't get out. Just know that you're up at resistance. So the daily says, yeah, potential for a bottom. Now, when you get those types of A to B equal CD patterns, basically you'll get at least a point three A to retracement. So if we take a look at that level out here, the point three A to retracement, give me a moment just to go ahead and put that on the screen for you. That's going to be retracement of that entire A to B equal CD pattern out here. And that's at about 3707 right where you had a gap to the downside from back on November the 14th out there. So you're up towards resistance with regard to the weekly timeframe. Turn it out here, Alan, do we see anything that gives us a shot of a bottom? Look, price was moving lower, doing less relative energy, but it hasn't generated that bullish reversal candle out here. So hard for me to call this a bottom. It has the right pattern. It just doesn't have the proper configuration. And if we go take a look at the monthly timeframe out here, you'll see that it's in bar eight, as we speak, of a potential TD set up nine count. So this could have a couple months to go before it does. Generate some type of bottom signal out here. But that's the best that I've got for you, Alan. So best of luck with that trade. I would just keep some stops in place. Your average true range on a scene is a buck 46. So you can take a look at a buck 46 times either 1.272 or 1.618, less Friday's close, today's close to adjust your stop. So I hope that that helps you out. And best of luck there. And the next question that came from John in the Tiger's Den, and John wanted to take a look at Lightsweed crude out here and looking for some type of bottoming signal. So there's a couple of things. Well, I'm going to put this through the weekly timeframe chart here for us to take a look at John. And we can see the cone of silence out here. Now, let's say the cone of silence, we can see a descending trend line that's coming off of the high. This is a weekly chart. So I'm not using channel lines. It's using a trend line. I'm using the highs and lows of candles out here. And so I'm using the high of October the first. And then at this stage here, I'm using the high of September 16th. And then for the low, we're using the low of December 24th. And we can see that. And then the next touch point that I'm using John is the low of August 5th. That's really done a good job of containing price. What is price doing right now? It's just really trading in between support and resistance. The top of its profile, which is 5727 weekly basis that is and 5232 to the downside. Now, I believe you've got different patterns associated with these triangles that they use. I don't know if this is applicable. My recollection is you created this wave number four type of a pattern out here. And so you say you're looking for some buy points. I don't know what your timeframe is that you're looking for those buy points. But if we come back here, let me just put the daily chart up on the screen. It's going to maintain those trend lines out here. The daily timeframe, there's a new profile, John, that is trying to form. And again, this has got Stevie's advanced Doppler tool out here. But we can notice that the new profile has formed above the price of Lightsweed crude. And this suggests lower price. So right now, this would suggest moving back to the bottom of that rising trend line in the 53 and change area. Steve Rhodes with TFNN will be right back. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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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 charts today by visiting TFNN.com. 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. So the next request coming from who requested this one? Koda wanted to take a look at First Majestic Silver Corp out here. So that's the charts that you see on your screen. You've got the daily, weekly, and monthly charts along with their profiles. We can see right now Koda, the price is trading in between the bottom of its box at $10.37 and the top of its box at $10.96. So you've got a little bit of a consolidation that is going on out here. We take a look at the daily timeframe. Price right now last week got closed above the top of that box on a weekly basis. So that's a positive, as well as prices trading above the top of the monthly profile. Now, the monthly profile, the question is, or that I would have, the monthly chart, I should say, is, did this form any kind of significant bottom as price was pushing lower? And the answer is nothing that I see, so to speak. Of the four or five different tools that I would use to help us identify a bottom doesn't mean that it hasn't, just that we don't see it. Now, the one thing on a monthly basis or long-term code that I'd be a little concerned with is you can see that the oscillator and change line went ahead and changed from green to red. In essence, it completed that by October. And usually what we see here doesn't tell me when, but we should see price and Stevie's green line catch up to each other. Now, it can be just by price moving sideways and line moving higher. A number of different combinations out there, but something to be careful with. If I look at the weekly timeframe chart, what's the weekly show us? The weekly shows us what? It shows us the top. That certainly shows the road momentum indicator top, shows price trading below Stevie's green line. So there's your resistance about 1094. Price is trading at 1085 right now, but you can kind of see a sideways-ish move. It doesn't look bad, but it does have that topping signal out here. Has this been just a countertrend rally? Let's go look at the daily chart out here and come back and see if there's any kind of pattern set up that we see. And other than the sideways action out here, there's nothing coded that I see. So 1097, the green line doesn't extend all the way across. I could make it extend all the way across, but earlier in that first segment, we were taking a look at the TD9 breakout levels. Well, here's your TD9 breakdown levels, 1097. So if, in fact, first majestic, if this has been just nothing more than a, in essence, a countertrend move, then this 1097 is going to hold. Now, the current top of the daily box is 1096 out there. So you've got two in this area. Likewise, if price could close above that, that would be very bullish. And a key level of resistance, in this case here, now two levels of resistance will have failed. And that would suggest a move back to those highs when we took a look at on the weekly and the monthly, well, at least the weekly chart that rose from the indicator top. So Kota, I hope that that helps you out with regard to our first majestic out there. We've got another request inside the den from peak D want to take a look. I believe this is Clovis Oncology, CLVS Clovis Oncology. So as we take a look at it, let's figure out what's going on there. Of course, I'm doing the little pause here. Wrong chart. Give me a second to pull this up. Radio show chart. So one of the things that I've added here over, you know, I get a number of requests out there from folks that are trading, you know, some type of instrument. Some type of usually it's an equity instrument like First Majestic AG or Sina or Clovis Oncology out here, CLVS. And sometimes folks are looking for signals to use from an interday standpoint. You know how I've always said, hey, look, let's just stay with even evenly timed bars out there. In other words, a 30 minute timeframe divided by six and a half hours. That'd be 390 minutes. Well, you've got equal time-weighted bars out there. So it works the same. So the equal-weighted time-based bars, the reasonable ones for a six and a half hour trading day would be a 15 minute, a 30 minute, a 65 minute, a 130 minute, then you go to your daily, weekly, monthly. So here are your TD9 counts out there for those specific time frames. What you're looking for is either a plus eight or nine, a black eight or nine or a red eight or nine out there to help you to identify potential topping or bottoming signals. Also have for each of those instruments the current breakdown and breakout support levels out there using our TD9s. And I've also got our oscillator and change line support and resistance levels. And then I've got the last time that there was a daily top that formed using the TD9 count. So in seen as an example, the star next to it means that it's still valid. That price has not taken up the high of that trading session. And Clovis Oncology, well, that high out here was peak D. So it's December 2. But what you and I know, we're going to go take a look at the daily chart is that on November 30 for Clovis, it generated a valid TD set up a nine count. So Clovis on a daily basis just by looking at that, we know that it's got a topping pattern that we're going to want to pay attention to. Now, if we take a look at Clovis, it's just one heck of a run out here. I believe that Brent might be in this as well. So I know Brent is listening. I see he's got a request for you. Natural gas will take a look at that. But look price above the daily, the weekly, the monthly set of profiles. So from that standpoint, everything looks good. But we really do need to go take a look at Clovis Oncology. And what we're going to see is on Friday. So here's so on Friday out here, that was the day following bar number nine. But I do see a higher high out there. So my signals are going to be based on the end of day. But the software that I'm rewriting here for doing some backtesting is, you know how I have said, look, the high, if it's going to be a high TD nine count needs to occur on bars eight, nine or the bar following nine. I want to be able to test out all those situations and see if any of them provide us with a higher probability of top or bottom. But also I'm writing the software so that I can test these levels to just say the high of that pattern, either bars eight, nine or the bar following nine can be a resistance level out there. And so right now price is trading below that. And I won't know if that using that as a resistance level increases the odds of identifying a top or bottom. In this case here, a top would be in order. But just I would just say a bit of being careful out here right now. Let me just see where we're at with regard to the wave count to the upside wave. Well, peak D, weren't you the one that asked about it? You happen to be in wave number four. It's been a wave number four for over a week now out there. So that certainly can extend with a higher high tomorrow. So the only topping signal I would be concerned with the only thing I would be concerned with right now is that potential for that TD set up nine count. Let's assume that that isn't a top. It doesn't have to be. Then if we take a look at the weekly timeframe, what do we know? Well, on the weekly timeframe, peak and rent last week was a beautiful signal for you inside Clovis oncology. The beauty of that symbol signal was that price closed above 1353. 1353 was the weekly breakdown area. Now this suggests that there is a change in trend underway in Clovis oncology and that price should continue to move higher. Now on a weekly timeframe chart, the next level of resistance is 2871. It's a breakdown level prior to the last one at 1353. So the weekly chart looks pretty good and they all look pretty good. Just saying just simply a caution signal like a weatherman in New York. You'd carry an umbrella. Well, if you're in London, you're definitely carrying an umbrella out there. You're carrying something for every season. And then on the monthly chart out here, and that's really what that daily signal shows us. The monthly chart price above, really the monthly profile. And so that's bullish out here. But everything looks pretty good. Just be careful and adjust your stops. That's what I would suggest that you do for Clovis oncology. By the way, the average true range of the last 10 days is a buck 59. We'll be right back. The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1,550 per year or 6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you 3,500 per year or 14,000 over the four years. What should you prefer, 6,200 or 14,000 of interest on your investment? If you'd like more information about the Tiger First mortgage program, you can call me at 877-518-9190. That's 877-518-9190. Up-to-date, affordable and a must-have for every trader looking to gain a competitive informational edge in today's markets. TFNN Newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk-free for 30 days. From all aspects of the markets including stocks, bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com. Educating investors. Biotech is booming but for how long? Whether you think the Biotech bull has room to run or has run its course, trade L-A-B-U or L-A-B-D. 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He's looking for some type of pattern completion and right now he's looking at a potential for an A to B equal CD. Geez, let me turn that tool on on this chart if I can. Here, I don't know why it's not on. Oh, I'll be a son of a gun. It's not on because it's not even there. But if you give me just a second, I will add it and then voila, we're there. Okay, so the A to B equal CD pattern that Brent is looking at specifically for UNG. And of course, we're going to go take a look at natural gas. The A point out here on September the 16th. I think that's what Brent is using the B point around October the 11th, not around, but on October the 11th. And then the C point, the retracement up into a high on November 5th. So you're going to see that what UNG itself has done is more than a one to one A to B equal CD. And the question is if today were to be some type of bullish candle out there, would that be a buy? And we'd say it could be. I would prefer to take a look at the underlying instrument. I mean, in the January natural gas contract and see what it's doing. We don't have any kind of bullish reversal candle just yet. And depending on the body of the candle, the only candle that could form Brent would be a hammer. And it'd be touch and go whether because of the wick. So if it did close up towards the high of the day or just slightly underneath it, that might qualify as a hammer. Just have to really take a look at that body of the candle. So that's 1795 on UNG out there. So it's got potential. With regard to counts, you were asking about daily counts and everything on the UNG out here. Shoot, what did I do? Let me try to do this. Closest, there we go. Got this. Well, here, and then I'll put the other chart back up. But with regard to counts, you're just simply at bar number four with regard to UNG. This did most recently form a TD nine count top with bar number eight out there. Let me get the other charts back up on my screen and see if my other application. There's a signal application back up on the screen. And let's go take a look at excuse me, the natural gas contract itself. And here what we can see is, you know, here's an A to B equal CD pattern. This might be different than the one that we just looked at. Let's go ahead and put this one back in. And so there is, there is most certainly the potential for an A to B equal CD pattern here. It's November 5th. I'm using for my A point. Again, this is a January contract. I'm using November 19th as my B point. As soon as it catches, there we go. My C point was the high on November 25th. So there's your one to one A to B equal CD. But again, no, no bullish reversal candle as of yet without a bullish reversal candle. This would say price could head on down into the 217 area. Could even go lower. That'd be the one to 1.272. So I'm with you in that we should be looking for some to see if there's some type of bullish reversal candle out there. That would be the only pattern at this moment that would identify some type of bottom out there. Just kind of like in CENA, I think we took a look at that, how that had formed an A to B equal CD pattern. So Brent, I hope that helps you out and hope you had a great Thanksgiving. Thanks for writing in. LB writes in and LB wants to take a look at. Let's see. SWN is the ticker symbol. So let me just get that fired up on my other system. Let me get that on our three timeframe charts out here. SWN just for blanks and giggles out here. Let me just punch in SWN on my market screener just to take a look at all those different timeframes out here. I want to say all those different 15, 30, 65, 130 daily, weekly and monthly to take a look at its counts out there. So the ticker symbol SWN is Schweitzer Manduit International. So you want just giving you take looking to buy as a way to play a coming back rally in natural gas. Okay. So here's what we know about that. If we take a look for any type of bottoming counts out there. The monthly is in bar seven, bar eight or nine or the following the 65 minutes in bar seven out there. So, you know, something you could take a look at what's going on on the chart out there LB. 65 minute I would say would be one that you might look at out here if we take a look at. Well, that's interesting. So Southwest Energy. I don't know where this came up with Schweitzer Manduit International SWN SWN. Oh, well, let's see. It's got the right price. Buck 80 is what it's trading at. So right now LB prices trading below the bottom of that bullish structure daily profile. And that is at buck 82. You're trading at a buck 80. So that's not a good scene out here. The weekly would then say price could pull back to test the bottom of that profile. That's a buck 68. But prices below the monthly profile closed below it last month. So let me pull over my other daily timeframe charts. Let's take a look at Southwestern Energy. No bottoming signal here. What's the volume like today? It should be light, I would think, just between the snowstorm and the holiday out here. Volume today is so far 10 million shares going against. Well, we're going to look at the half day on Friday, which was 12 million. How about just come all the way to November 21st of 21 million. So it looks like lighter volume. But LB, I'm not seeing any kind of a buy signal there. And price is not totally tested low of the swing. And what should we really use for the low of the swing point? You really almost have to use Friday out there. Or we could come all the way back here into October 4th. And then 20 million shares as well. So you're going to be light in the loafers, but you're still trading inside there. If you're going to use a volume based method, you'd like to see this test and reject a buck 71. Get below buck 71, close back above it, do it on light, volume out there. And a buck 68 being the bottom of the weekly profile, I would think that that's where you would just kind of sit and wait. If this is direction correlated to natural gas, well, then Lee, we just took a look at natural gas and UNG and neither of those, even if we looked at a short term timeframe, short term timeframe being 30 minutes out here. I just don't have any pattern per se that would help us out to say and be able to call the bottom right now natural gas, not using the 30 minute timeframe out there. So I think the same thing, time to be looking, but not time to be cooking, if you know what I mean. The last question so far out here, this would be good. Get this in here in the next minute or so. I want to take a look at MTSI, MTSI. So let's get my ducks in a row out here. What is MTSI? What is it doing? Well, it's trading inside its daily profile. By the way, it's Macom Tech Solutions. Support should be $22.98. Trade inside its weekly. Support should be $22.69. Below there would be $21.42. But it's above the weekly out here. And you're just asking for where would we see an entry point into MTSI? Well, $22.98 is one possibility. Let me look at the daily chart this way. Daily chart this way. If $22.98 fails, Tim, then $18.88 would be the number. But right now $22.98 would be something to consider. Let's look at the, excuse me. Let me look at the weekly chart out here. So we had nice roads, momentum indicator, bottom way back in May. I don't have real topping signal. I can see why you would look to perhaps buy this price this week. You're testing Stevie's Green Line on the weekly at $23.43 out there. So there's your secondary buy point. And on the monthly timeframe chart, everything looks pretty good. So your buy entry was either earlier this morning at $23. Maybe in essence, $23.45 or $22.98. You don't want to see price close below $22.98. Steve wrote TFM. Great. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of TFN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter of the opening call today by visiting TFN.com. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over, gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning, Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar as well as more than 30 different mining equities. As of September 3rd, gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the gold report, sign up today by visiting TFN.com. That's why we need Primal Edge Daily Nutrition. It includes a special blend of ionic, soil based vitamins, minerals, fatty and amino acids in an easy to use liquid form. Primal Edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They have been called miracle molecules because like sunlight, air and water, life cannot exist without them. That's right Paige, they ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal Edge, formulated and approved by Nico and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge banner on the front page of TFN.com. This is David White. Stay tuned because coming up next is the power trading hour right here on TFNN. Welcome back folks. We've got a request to take a look at the coffee futures. Out here I've got the March of 2020 contract up on my screen. We're really paying attention to the, well, really the 60, the 240, the daily, the weekly profiles, prices above each of those levels. So in other words, prices trading above resistance. Old resistance could become new support. That would really take us to the four hour time frame chart at $119.39 out there. If I look at my other time frame charts out here, just to get a feel, it's been a heck of a nice run here inside of coffee to the upside. Price is starting to get stretched. That doesn't mean, it just means to be careful. That's all that it means. As far as wave counts, let me get a feel for where we're at from a wave count standpoint for you. This move to the upside. You've got really two reasons to be cautious and careful out here. In other words, here's what I would say. It's been a nice run, but I most certainly, Bob would not suggest that you enter a long trade inside of coffee right now. Not with price moving higher, doing less relative energy and also being potentially in wave number seven or letter G. Now it may not be wave number seven or G. It may only be the third wave out there, but it's enough of a reason to be cautious. Now price could continue moving higher and the gate, both of these patterns out here, could negate the roads momentum indicator top. You need to see some type of bearish reversal candle in a close below Stevie's green line of 116.43 in order to indicate some type of top and a pullback to levels of support out there. But if the question was, hey, is now the time? Steve would say no, now is not the time to be. It's okay to be long. I just wouldn't enter a new trade into coffee as we speak right now. Well, folks, it's the end of that time frame. We didn't get a chance to get to it, but watch the spot volatility index at day's end. Right now the one day rate of chain is 12.04. This chart out here, if you look at the other blue arrows, there's a one day rate of change. You usually see some type of bouncer bottom in the overnight or early morning timeframe. What you'd want to be looking for there is some type of roads momentum indicator bottom pattern on the 30 minute timeframe chart. And that means that we should then see if that's going to form, we should see prices move lower again. May not be during today's trading session, maybe overnight, but that's what I'd be looking for. Hey, folks, stay tuned. Your favorite polar bear, Dave White's up next and Tom O'Brien. I'll see you tomorrow on Terrific Boosting. Thank you.