 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks welcome to the November 28th the terrific Tuesday 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 or when others having a great day Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us Not to us That's right When you and I make that one little two-by-four shift means we can find the gift in every set of circumstance that life is gonna Toss at us now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at Just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone We'd love to hear from you 877-927-6648 that's number to call in and now if you have a question But you can't call in you can always send me an email Send that off to Steve at tfn.com this side of subject heading please put radio show question I'll send that off early just simply because of internet service providers and so forth now Of course if you're inside the Tiger's Dem like Fletch like Duncan Steve like Peter from Park Seed like G man John C and zip you can always send me a ping private or otherwise. We'll be happy to get to your request out there So let's go ahead and begin the show. Let's begin by taking a look at what's going on You got mostly a sea of green out here That's the of green the only instruments trading the downside in the indices are the semis are off about 16 points It's about four tenths of a percent move to the downsides My recollection is the semis do have a roadsman to mitigate her top We'll go back and take a look at that just simply to make sure in the meantime Why don't we go take a look what's going on with the daily equity future contracts? What level should be we watching today? So for this we'll go ahead and move over to our white background charts up for left-hand corner in a moment It's gonna be the ES mini up a right-hand corner the NQ lower left-hand is the Dow lower right-hand is Russell 2000 equity future contract you'll see inside the ES mini you can see that TD 9 count top now the TD 9 count top Would tell us that if price were to close about 45 80 50 That's the high of that TD 9 count pattern that would be negated and tell so we had much higher out there This is a bearish structured daily profile if price were to get below close below around 45 41 I've got two different centers 45 41 on the white background charts 43 70 on the black background charts If it gets down below that 45 41 level odds favorite We at least target the oscillator and change line, which is what should unfold or What we do is we get down to the bottom of that profile at 45 0 9 the most important thing for you to know is that right now? You've got a new resistance level and support level on the ES mini 45 0 9. There's gonna be support 49 0 5 50 to be exact and 40 44 16 50 is gonna be resistance when we take a look at the end cube it formed a TD 9 count top It's I came on bar number 8 16 173 50 is a number to be watching there if price closes above that Well, then negates this signal tells us we had higher What price should do and this could just be price moving sideways while that oscillator and change line rises a bit But we should see a kissing at least a kissing of those two things out there That oscillator and change line as we speak right now is printing at about 15 9 16 out there profile that profile has been in place for a while So we've already got those numbers but not to worry about that the Dow equity future contract is making an attempt at a new profile Now price is already trading above the top of this profile the one that we looked at yesterday did not take hold Don't know if this one will take hold in fact I just refreshed one of my screens and it's now gone and I wouldn't be surprised now a close above 35 440 this is perhaps the most important thing forget about the profile that is or isn't there But a close above 35 440 negates a TD 9 count top for the Dow equity future contract It would do that in one day and that tells us about a strong upward momentum move now That strong upward momentum moves next level of resistance would be a TD 9 count breakdown area and that would be at 35 757 We get above that and then we're gonna go test the July highs out there or the July at least swing point That's anywhere between the range of 35 690 to 35 956 So you want to watch the Dow today that may be giving us quite the signal out there now The Dow being able to take out its TD 9 count top in day one Could be a sign that global capital is really starting to come here to the US and if that's the case We can almost I say almost throw all of our patterns out the door and just cruise and ride this market higher We don't know just yet. We want to watch today's close inside the Dow 35 440 is a number inside the Russell 2000 It has an a to b equal CD pattern to the upside that would give us a price projection of 1866 The price is dealing with some resistance out there trend line resistance. I don't have that painted in on this chart out there We did that yesterday you can paint in those lines as well And that's what it is dealing with out there and trend line resistance can be where price tops out So I would say in all four of the equity future contracts We have reasons to believe there's a top the exception right now being the Dow equity future contract So we'll watch that 35 440 level come days in we take a quick peek at the intraday charts out here See what's going on any kind of signals. Here's the NQ. What do we see here? What we see really is at that TD 9 count top on the daily time frame We've got tops for other time frames if we take a look at the five-hour time frame chart Roadsman to indicator signal again that makes that high that 16 170 16 173 50 level a key area to be watching out there because a close above that negates that pattern It's the same pattern that we have on the four-hour time frame chart Roadsman to indicator out there a close above that high again Negates that signal we take a look at a 60-minute time frame chart We can go back further and back at the highs that have to go back quite a ways I think I won't do that. That's gonna be too messy. So forget that Let's just take a look what it's doing right now if I can get this back What the Sam hack is going on this keyboard, I know I shouldn't have done what I just did Please forgive me. All right. So we're gonna say screw the 60-minute chart right now Well, we're gonna try to wow Okay, Stevie does not know what's going on here. I know you're saying what's new with that Steve oh, okay? So go with game plan B. Let's see if I can close that set of charts out. Sorry about that folks But it is what it is. Let me see if wow Something's am I online anybody hear me, huh? I Don't know if I got some other issues. Yeah, you can hear me. Okay. Oh Save this workspace. No, okay. So I don't know what's going on with the system here and this file should be gone Wow Okay, so we're gonna go over to the white bad black background screens, you know cuz life is happening for Stevie It's just not the way that I drew it up out here for the day. Let's go back Let's take a look at their market update charts until I can get the other stuff figure it out here So, oh, you know what we did want to take a look at You know what we've got about 20 seconds before we go to a break So I want to try to fix this here right now. We're on the black background charts out there We come back to this break. Let's hopefully we'll go take a look at FIS for flex then arm for Duncan Steve Currencies for Peter Apple for G man We'll take a look at Nvidia for John C. We'll take a look at a net for a zip And then I believe we've got a request to take a good Goldilocks out there. That's your mr. Bill So we'll take a look at gold of course I'd like to look at what you'd like to look at as well eight seven seven nine two seven six six four eight We'll be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously When you sign up for the tiger forex report you also gain instant access to Teddy's 60-minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30-day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by 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 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 First request out here FIS is a ticker symbol that is fidelity national information We're going to change over to our white background screens out here now This had confirmed an a to b equal CD pattern to the upside it did that when it took out the b-point on the trading session of November 8th that did it with volume. It's at the 1 to 1.272 a to b equal CD price extension level The only thing to be watching here Fletch It's for a bullish a bearish reversal candle if you get that then you have a sell the d-point pattern short of that Price should go target. It's TD 9 count breakdown level. That's at 57 40 if price can clear that it's got another breakdown level Not really acted as resistance up at 58 71 5897 would be the 1 1.618 a to b equal CD pattern the upside now on a weekly basis prices bumping right up against resistance right now And it's a sell zone and Fletch the reason it's a sell zone is because it's a bearish structured profile So that sell zone areas between 55 74 and 5701 yes, we're trading above it by about three pennies up right here But right now you're up at basically two different resistance levels Would you'd love to see taken out if they get taken out and what I mean taken out a close above and ideally what you do Is you'd get a close about 57 80 come the end of the month today as a 28 So another couple of days out there if you were to get that that would be a close above the center of its Bowler structured monthly profile and that would say Fletch to you and I that longer term price wants to get up to this 6702 level so FIS looks very strong But it is running into resistance as we speak right now. You got to watch to see how price handles itself I don't have any reason or signals here to suggest that you would sell this But watch to see how resistance of handles itself out there So hope that helps you out and thanks much for the request second request came in from Duncan Steve You want to take a look at tick symbol arm and arm has not been trading for that long out here It began trading the week of September 15, so we don't have a ton of data You know what we do here are what I do during the show our Technical patterns out there the consistent patterns that I take a look at and we have a lack of data It really becomes difficult at least for the daily of the weekly and the monthly time frame chart to try to figure out Just what the heck is going on out there what I can't share with you though at this moment in time with regard to arm Is that prices trade above? Straight within its profile. It is a bullish structured profile So your support zone should price pull back is between 54 62 and 55 76 Resistance is the top of the profile and that's at 64 92 a close above 64 92 would suggest that we move higher If I put on a 30 minute time frame chart, let's just see what we have out here Let's actually get to the current data We've got a 30 minute chart. I don't have much here to really go on. Let's try a hundred ninety five minute chart See we've got out there for that Not much there So the problem here for me stevo is just simply the mere fact that we just don't have a lot of data to really do Any kind of analysis so the analysis we've got to go with is the information we've got that support and resistance I provided that to you. I hope that helps you out Thanks much for taking the time to write in Peter wanted to take a look at the currency pairs out there So let's take a look at the three currency pairs that make up the US dollar index as I had mentioned In the top of the hour out there so I can find this word and Stevie put that stuff. There we go That the US dollar index formed a TD nine count Bottom yesterday. I know we're not showing the US dollar index as I have to have a different data feed on my screen right now What I can share with you is the number to be watching if at day's end the US dollar index although we're not showing it here close blow 103.06 you've got a failed TD nine count bottom And that's going to suggest that the US dollar index heads lower We take a look at the euro which represents 57.6 percent of the weighting We can see that it is in wave number seven now the only way that wave number seven That's courtesy of the Chapman wave It's not necessarily his rogue wave in this instance here But we do pay attention to when we get to that seventh inning stretch that seventh wave out there The only way they can confirm is with a lower high So that's the only topping pattern that is in play right now Well that I take that back there is an A to B equal CD pattern and that's thus a bearish reversal candle would confirm a Sell the D point but short of that Peter what the euro should do is go target It's TD nine count breakdown level and that's up at one point one zero six five And if that is what unfolds US dollar index is very likely to have lower now the US dollar index is made up of Five different currency pairs out there. We're we're taking a look at six different currency pairs We're taking a look at a Three of them we're taking to the euro because it's 57.6 percent of the weighting the yen because it's 13.6 and the pound Which is what's it's waiting? It's less than 13. I think it's 11 It is 11.9 percent 12 percent So what we know about the pound I'm going to pull this back out here the pound formed a TD nine count top yesterday Much like the US dollar formed a TD nine count bottom the pound formed a TD nine count top a close today above 1.2644 negates that signal and that says that the pound heads higher the pound heads higher That's going to strengthen the US dollar index would weaken Where's the next price projection level for the pound and that's a great question out there And I have to really go back to the a to b equal CDs out here. So for that Let's do this. Let's make it the conservative one. I'll start down here or move up to Well, you've got yeah, let's let's put a little bit larger one that's on the screen out there So that could yeah, that's that's your a to b point out here So the next price projection level because this is based on the assumption We're going to go ahead and the gate is TD nine count top should take us back to the about the 1.2 880 level out there when we take a look at the great British pound We didn't take a look at the yet yet out here But if the yen is able to take out the low of November 21st and that low is 147 15 that will then go ahead and set up an a to b equal CD to the downside pattern that price projection level I don't know what that is But I'd say it's probably right around the 144 ish level out there in this chart here as the Japanese yen moves lower That's gets stronger the US dollar index will get weaker So three currency pairs that make up 83% of the US dollar index are Showing that they have strength and therefore the US dollar has weakness now that should bode pretty well for gold and silver And for the mining equities, but we'll take a look at that We're not going to take a look at that until we go out to Denver and speak with Ron Ron. Thanks for calling Thanks for holding. How are you today? Great Steve. We'll hope everything's going well for you. Everything is nice to hear your voice. I Day before Thanksgiving, I did a credit spread on Navita NBDA. I sold the 505s and bought the 510s and Brought into it on $35 on four contracts It's fire is December 15th, and I just wondered what number is what I look on the Vita. It's it's worked in my favor If it rebounds where would I have to admit that I should cover and what kind of volume would and would I be looking at it? That same time Okay, so when we take a look at NVIDIA what NVIDIA shows us is a Roadsman to indicator signal, but we don't have a bearish reversal candle So I don't really have a topping pattern that doesn't mean that hasn't topped just means that Stevie doesn't have a topping pattern What I do have is what looks like a consolidation with inside its profiles So if you can get it closed below certainly yesterday's low that would be helpful yesterday's low is 476 52 So I'd be watching that if we get it closed below that odds favor It's trying to get back to support and so the next support level you asked in essence for this as well Is that 464 17 so that's your level of support No idea whether that will get broken because we don't have a top I think we just have a consolidation with inside of profiles The second question that you asked is where would it be time to close out this trade and I would say a price close About 48704 you can't use that right to the penny out there But a close about 487 would suggest a run up to 499 60 Rod hold on through this break We'll come back we'll reanalyze those numbers answer any other questions that you've got see roads with TFNM The 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. 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That's TFNM.com and hit watch Tiger TV Welcome back folks. We're analyzing the charts here for NVIDIA. This is for Ronnie and Denver So Ron we talked about yesterday's low being an important level out there Yesterday's highs also an important level so far. We've got if we take a look at the last five candle sessions. They show Lower highs out there and you'd like to see that pattern continue as well If we do get that even if we don't close below yesterday's low It's at least it's a signal to you and I out there so again 464 17 is a key level of support I mentioned that the daily time frame did not have a top the weekly time frame does and that's a roadsman Dementicator top and monthly still has its CD9 count of roads meant to mitigate her top as well out there So a 464 17 ever gave way we'd be looking to move all the way back into the 408 69 area. I'm not making that call. I'm just providing you with that information right now So Ron what additional questions do you have about NVIDIA? What additional information can I provide to assist you with your trade? Oh, I that's the information I needed. I I wanted to stay below 505, you know by December 18, but obviously you gave me that number of 484 Or for 487 if he gets above that, I'll just cover and take my profits and run Perfect. Now 487 number is going to change if price starts moving up I can see where that numbers around 488, but use that as a guideline You know, you're gonna watch volume and things of that sort but right now right now we like the trade and You know, I'd really consider taking off if you get down to 464 and change right and I'm gonna sign up for Tom's gold report cuz yeah, I look at the world I look at the US and I see nothing but problems problems problems all over with our national debt I mean gold's gonna go crazy and I think what I want to watch is the I'm gonna look at the royalty companies that Don't have to go through the worry about the expenses of labor and capital and everything to find the gold Sure. Well, there's good royalty companies. I'm gonna ask Tom Perfect. Perfect. Well, there's no better gold report out there than the one that he produces So that's a great idea. Hey, Ron always great to speak to you I hope to hear from you again soon and have a terrific Tuesday Thank you, sir. Thank you. Bye. You you bet. Let's go take a look at Apple That's for a G man inside the tiger's den and we take a look at Apple. What do we know about it? So we know that Apple does not have any kind of a top I think it Was looking like it might have had a TD 9 count topping pattern, but that got negated based on its close So what we have right now g-man with regard to Apple there's no a to b equal cd pattern There's no nothing that steve's got on a daily time frame to suggest that Apple has top What we do have going on right now with that apple g-man is a consolidation with inside its profile It hasn't got down to support level the bottom of that profile That would be a 180 829 the top that profile resistance at 191 60 you close above 191 60 And that could be signaling to an eye that apple wants to make its way to where it broke down Where it broke down was 195 18. That's from the daily time frame chart If we look at the monthly time frame chart, there's nothing bearish about it at all Last week was a doji candle is suggesting that things were getting a bit tired Price was testing the swing point and that was from july 21st and that swing point It was tested to reject that swing point had 310 million shares last week and it's a holiday week We're up with 148 million even if we add an extra day out there There's no way we're going to get into the 310 million Nonetheless g-man what you'd like to see to suggest that apple's going to move higher It's not just a close above 191 60 But certainly you'd like to see it close inside that Weekly profile to do that it only needs to get their close up at 191 23 So ideally you get a close of 191 60 even if sound light volume Then you had higher out there and you head back and test that july swing point out there on a weak monthly time frame Things look bullish and the monthly chart is suggesting that apple wants to make a move to 198 23 out there So apple represents what? 1112 13 percent Of the ndx 100. Uh, sure. I don't have that chart open. I had uh It'll take a while for that to populate Uh, so apple looks out apple looks good if we take a look at just a little quickly here for you Let me take a quick. So if we look at apple, I say apple looks good G steve what the sam heck does that mean? Well, if we do take a look at apple actually When I say now it looks good. So we know that the nasdaq 100 Um had not done a two day pullback That means consecutive lower closes out there since the low that formed in october october 26 apple Same pattern out here and yesterday was the first two bar closed. Look folks in a bull market If we are in a beginning of a new market We most certainly are in the favorable seasonal time frame out there But in bull markets the pullbacks the buy the dipsters where they hang out They hang out on day number two of consecutive closes day two or day number three out there And if that's the uh system that you employ You're going to do pretty well if you take a look at this bull run And this bull run that i'm looking at an apple takes us to the beginning of the year All the way up into the uh, uh july timeframe out there And only once did we have four consecutive lower closes now take this current run that we're out here Yes, there was the first two bar pullback. That's your normal two bar knee jerk reaction low It looks like that's what we've got and now what apple's going to do is try to take out the resistance of the top of that Profile out there. So g-man. I hope that provided with the information that you were looking for as well Thanks much for taking the time to write in Let's see. We already took care of and vidya. So that was for john c as well Zip is looking to add to a net out here. Let's see if we can find out that's arm So I think I've been through everything now. We got a circle back So let's uh, we'll have to start typing in the symbols as we take a look at them a net So we'll get that fired up on our screen and zip is looking to add To his position inside of arista networks and arista networks out here is trading up at could be all time highs Let me take this thing back a little bit further. Yeah, this is at all time highs for sure And so things look very good look very good with the one except no no exceptions out here Actually, so let's uh, let's dissect the daily time frame chart What you'll see out here is you'll see a td9 count pattern But what you'll really see is the high so far of this pattern was on bar number seven And in order for a net arista networks to generate a td9 count top and it must do it today It has to spike above 2 21 41 If you get that out there Zip then that would suggest their price would pull back now the support levels out here You've got the oscillator and change line. That's a 2 19 10 below that 2 16 29 below that 2 11 75 The ultimate buy or where you would add to the position would be at the 208 level out there But we don't have a top We've got an a to b equal cd pattern out there Even if this candle on november 15th, I haven't drawn that in I don't need to draw it in really even if that were the Cell the d-point pattern price is trading above that right now and a close to above 218 36 would negate that signal So you can see the a to b equal cd pattern out there You'd be watching for a bearish reversal candle to then generate its next top out there That's on the daily time frame on a monthly time frame out here just curious on the big picture The b-point of an a to b equal cd did volume. This is december 2021 49 million shares and it was passed It was passed with a 68 million shares. There is a large a to b equal cd pattern now may already have Attained the one to one level. Let's go find out out here We'll draw as best we can the a to b line and then we'll just simply move this over To that c-point out there. We're going to try to at least Think steve's got the system working. Yeah, so it's it's attained It's already at more than the one to one a to b equal cd pattern on the monthly basis But this looks strong like bull and that is for zip. So zip stay in the position out there That's for sure. Your question was where to add Well, maybe I gave you a suggestion. How about a two day pullback a two bar pullback? That's where you'd go ahead and add. Steve roge with tf and n will be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the Volatility in equity markets across the globe, which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds As they both influence forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors 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 pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade cha u or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direct Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 8664767523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz We're going to try to kill three birds with one stone The way the reason we're going to do that is because mr. Bill would like to take a look at the gold contract specifically He's looking at the daily time frame S&P inside the tigers den would like to take a look at nugget hector and patty would like to take a look at the gdx We're going to take a look at all three of those Now we'll come back. We'll take a look at the 30 year treasury for ron and for nancy. We'll take a look at microsoft So let's begin With the daily time frame chart. We're looking at the february contract for gold. What do we know about it? Well We know that today will become bar number eight of a td9 count By the way, the bottom that formed inside of gold was a td9 count the last top that formed out here Was a td9 count and price ended up moving lower and then it formed a td9 count So i'm suggesting out there Just a suggestion that we ought to pay attention over the next couple of days out here as good as this is As nice as everybody from a gold standpoint is spiking the ball. It is still time to be careful Why because gold has turned on these td9 counts pretty darn well out there So that suggests that this could you could see a top inside of goldilocks between today and thursday There's also an a to b equal c to the upside Let's say this td9 count top doesn't come to fruition or it gets negated The a to b equal cd has a price projection 21 52 and change out there If we take a look at the weekly time frame chart the weekly time frame chart suggests that price wants to go target 21 160 2160 is the td9 count breakdown resistance level If we take a look at silver even though you didn't ask for silver out here Silver does not have any td9 count pattern for us to be concerned with it has the a to b equal cd pattern out there It's achieved the one-to-one level That means it's going to go on it can't go on to achieve the next area. Where's the next area? Well, the one-to-one was 25 31 we're 25 33 right now the 1.272 is 26 14 The td9 count breakdown levels at 25 75 25 57. Sorry about that a little dyslexic out there That is likely a price is going to go target But we've got a td9 count pattern inside of gold. We want to pay attention to that Why because silver will take its cues from gold if we take a look at the gdx This is where we're really going to figure out what's going on Why because a gdx is going to go ahead and complete a td9 count top today Now whatever today's high is that's something to watch why because the price close above today's high Whatever that is tomorrow that tells us you've got a negated pattern And that we continue to move higher But we know the gdx is going to take its p's and cues from gold as well So if gold does decide to turn down regardless of whether or not the gdx negates a td9 count pattern It is gold that you most certainly want to keep your eye on we've done that correlation Study, I don't know if we have time today. I'd go back and do it again But right now I want to be able to get through all of the instruments out there With our am I showing the gdx? Yeah, I thought so. No Don't tell him. Yeah, I got the gdx over in the very right hand corner. Mr. Bill You see the gdx very right hand corner. You should see that out there and there's your gdx You can see yesterday was bar number nine today is a bar following bar number nine out there So hope that you're seeing that on your screen out there With regard to the gdx. So let's go take a look at the actual charts here. Let me see if I can find them Is it this one? No, that was nugget Which we'll get to that too. We'll come back to that just so I can give you levels But it's really going to be all traded based upon the same thing So now we take a look at the weekly time frame chart for the gdx out here The weekly time frame chart has resists up at 32 36 So if price is able to tomorrow negate its td9 count top Then that is a likely price target for 32 36 level the monthly chart for gdx looks very good Why because price is trained above the top of its profile out there So everything looks hunky-dory out there. It's just you've got a td9 count top And so you want to most certainly pay attention to that now We know that when we get a top out there oftentimes on the intraday charts if it's a real top We're going to see some tops there as well and we look at a 30 minute time frame chart We don't have anything just yet a bearish reversal candle would confirm a roadsman Dementicator top out there So everything here looks pretty good with regard to the gdx with regard to uh gold although we haven't really taken a Look at gold in detail. We just took a look at it in summary. We'll go back to the detail momentarily Let me first give you the gd the nugget uh levels nugget You'll see also in bar number nine of a td9 count You'll see all the td9 count set of identified turns out there So again, this just tells us to be careful But if in fact the nugget On the gates of td9 count top tomorrow It'll go ahead and set an a to b equal cd pattern By the way the nugget the b point of an a to b equal cd did volume of three million shares so far today Nugget has done 2.3. So it's going to have the volume out there But and I can draw in the a to b equal cd pattern But that would be disingenuous not that i'm going to purposely be disingenuous I'm just telling you I'm being disingenuous by putting this out here and showing you an a to b equal cd to 35 41 you got to pay attention to the gdx Absolutely pay attention to the gdx out there But now it looks good just know again We've got these td9 count patterns and gold is in bar number eight today So something could go wrong. Who knows what that might be or something could go right out there Let's take a quick peek at the uh gold the intraday charges See if there's anything there that we need to be aware of so we'll get back to those charts here momentarily Give me a moment and there we go We take a gold on a monthly basis things look good because price is above a green awesome and change on that suggests Targeting itself It's uh tops that are out there we take a look at the weekly time frame chart the weekly time frame chart suggests gold Once you get up to 2160. I think we might have covered that daily chart We've already taken a look at it You've got a td9 count top that's going to go ahead and form Between 12 and 1 p.m. Today for the 30 minute time frame chart So those of you that are intraday traders, I'd pay attention to the 30 minute time frame chart Now what you'd like to see is you'd like to see some other intraday turns I don't have anything shorter than a 30 minute time frame chart right now on my screen So go down as a td9 count pattern Goes ahead and completes out there in a 30 minute go down to a 10 to 5 a 15 minute look for some turns there And if you do from an intraday standpoint, you would most certainly have a trade I don't know where support would be at that stage right now support on the 30 minute time frame is at 2048 2049 out there So that's what we have we take a look at the gdx the nugget The gold contract out there. Hope that helps you out mr. Bill S np and hector and patty and thanks much for taking the time to write in We're gonna go take a look at a 30-year treasury out here. We take a look at a 30-year treasury this for Ron inside the tiger's den and his question is what are our thoughts so the thoughts are That if price when price spikes above so you just got to consolidate with inside his profile right now We can see that but if price can spike above the high from november 22nd It just has to spike above it one 15 18 if price spikes above that that'll get us to Wave number seven that's letter g now in order to confirm that you need a lower high out there So the only topping pattern that I've got for the 30-year treasury could be we don't have it right now Could be a wave number seven pattern out there. So you'd be paying attention to that If a wave seven pattern forms and it gets negated because you get a close above that high Whether the a to b equal cd pattern is under way is likely to come to fruition And that a to b equal cd should get us into the 120 One ish type area if we take a look at where the td9 account breakdown level is on the march contract here It's at 120 19. So I'd use is my price target is 120 19 That assumes that we close above the top of that profile the top of that profile is 116 18 Out there. So I hope that that helps you out. There's nothing else really that I see out here That's what we're talking about. So ron. I hope that helps you out with regard to the 30 year Nancy wants to take a look at microsoft and so let's get those microsoft charts up on our screen here I think we can do this before we go to the break We'll pull up microsoft. Well, that's not microsoft But if you'd like to take a look at arm just open your eyes because there it is again Now we've got microsoft and ansy will come back and look at it But what do we see in microsoft? We see a td9 account top that is going to complete today Steve Rhodes with tfnn will 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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No matter what now what you want to watch for tomorrow Is if price closes above today's high, whatever that ends up being that pattern gets negated and tells us we had higher If you take a look at the weekly time frame chart, that's what it's telling us is that we want to head higher out here Now the weekly chart had volume on its swing point from july 21st of about 228 million shares Last week you had a holiday week 114 the week before 142 so it's still lighter volume doesn't matter. It just simply doesn't matter out there So watch today's high whatever that is now what you'd also want to do is look to the intraday charts Now the intraday charts here for a 30 minute time frame chart for microsoft We don't see any kind of a topping pattern out here In fact, this suggests that it wants to continue to move higher But I look for topping patterns or signals Even if you don't know these patterns just put up a 10 or 15 minute chart out there watch the bars Are we taking out if we're headed lower? Are we taking out prior lows and not touching the prior highs out there? Just something that's simple like that. So hope that helps out with regard to microsoft Frankie asked the question are we headed higher stevo? And the question to that answer is well, I can't answer that but you can The way that you can answer that is by continuing to watch the td9 count tops inside the es mini the nq And the dow equity future contract right now The dow equity future contract is trading about that td9 count top and that level is 35 440 So make sure you watch that level frank and price closed above that Then the signal from the dow is that it wants to move higher That maybe microsoft is suggesting that it would negate its td9 count top in the case of the es mini It needs to close above 45 80 50 if it does that it tells us we're headed higher And in the case of the nq it needs to close above 16 173 50 But does that it tells us we're going higher not until those things happen Will we have a message that in fact the markets want to move higher right now looks like that's a pretty decent Um Conclusion but let the market prove itself to you folks. Thanks much for joining me on terrific tuesday Hopefully i'll see on wonderful wednesday stay tuned for all the great programming. Have a terrific tuesday be safe out there We'll see you tomorrow