 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks, welcome to the October 11th, the wonderful Wednesday edition of today's Trader Zed Show. I'm your host, D.B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope open up there's having a great day and 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 can make that one little two by four shift it means we can find the gift in every set of circumstances that life is going to toss at us. Now today you and I we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I 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 at 877-927-6648. Now if you've got a question which you can't call in, it can always send me an email. Send that off to Steve at TFN.com and inside the subject heading please put radio show question. Of course if you're inside our Tigris then well then any and every ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now we've got a slightly mixed bag out there. The mix is coming from the Russell which is off one point. So it's basically flat. The other disease trading to the upside. Dow is up 72. Two tenths were sent. A quarter percent for the S&P or 11.6 tenths for the Nasdaq 100. 96 point moved there. 22 for the S&P or 6 tenths were sent. Trend is up about two tenths or 26 bucks there. You've got gold up $8. Silver is up 21 cents. Slices recruiters off 250. Natural gas back 12 cents. 30 year treasury up one point and one ticket 1303. Leading the charts dollar wise the upside. You've got Eli Lilly up 21 bucks 3.5%. Adobe is up 3% or 16 bucks. Equinix 11 bucks. One and a half percent. Amgen up $8 in change. That's a 3% move and NVIDIA is up 2%. That's an $8 move there. To the downside it's inspired medical systems. 12% move. 22 bucks. DeVita Inc off 17 bucks or 20%. Penumbra Inc. $16.7%. Stryker Corp. 16 bucks. 6%. Intuitive surgical 15 bucks. 5% move. So we've got some movers and we've got some shakers. Let's begin the day by looking at what? Let's begin the day by well let's go take a look at market breath out here. Let's see where we're at short term wise. This will be the 30 minute timeframe. This happens to be the S&P 500 bullish. 213 estimates trading above resistance. 149 trading below support. Let's take a look at the Nasdaq 100 30 minute timeframe bullish 54 above 17 below. Let's go take a look at those other four time frames 60, 240, daily and weekly. Let's first begin by taking a look at what? Let's take a look at the S&P 500 bullish for the 62 40 and daily. And on the weekly basis, you still have a negative crossover means 62 trading above 213 below there. When we take a look at the Nasdaq 100, we're going to see it's green across the board daily, weekly, 240 and 60. So that tells us you've got strong market breath across the board for the Nasdaq. You're in pretty good shape inside the S&P 500 with the exception being the longer term timeframe. It's weekly out there. So that's a good start. A good enough start for us to go ahead and switch. Well, the other thing that we want to take a look at out here is the spot volatility. As we take a look at it, what it is likely to do today as the market continues its equity rally is to get down and test or bust through the 50 day exponential moving average that 50 day is currently printed at 16 10. Spot volatility is the spot volatility price is currently printed at 16 33. Watch that 16 10 level. A price close below it, not necessarily just for day one, but it look at the close of below it. Key level of support will have failed. It'll be signaling a further rally is likely a price test and rejects that while the ESMini is also testing rejecting its 44 16 level winners. We have 44 16 50 level out there. Boy, we really would need to take a look at those intraday charts to see what kind of training signals we have out there. So that's what I'd be watching during the day today. The spot volatility next and the ESMini as it approaches both one approach of support and the other approaches resistance. Let's switch over and take a look at those white background charts out here and we'll begin with the daily equity future contract. They're going to be the ESMini in your upper left hand corner. So we can see that 44 16 as we were on the air yesterday as we were going off the air yesterday when we weren't sure of what we knew is we knew where the sellers resided 44 16 50. We didn't know how strong they would be, but we certainly learned didn't we? And they were strong enough to back price down. The question is, will they be strong enough today? And it's that spot volatility that's really going to be the answer to that question. The US dollar next trading slightly lower, but nothing big out there to really impact on the market. So we got to watch it support and resistance levels out here. In the case of the NQ, we know that it's market breath positive. We are trading almost trading above yesterday's high really close to it. Watch that level. That level, by the way, yesterday's high in the NQ was at 15 383 15. We're getting really close to that. We start trading above that odds favor move up to 15 509. You could even see a price move up to the 15 719 level. The 15 719 level is a TD nine count breakdown area. In the case of now equity future contract, not as strong as the NQ, I guess kind of be expected the NQ. We know we've got positive market breath for 30 60 240 daily and weekly. The Dow equity future contract wants to go target that 34 167 area. That's the top of its daily profile. And there are also 2000 as we said is struggling a bit. That struggle doesn't mean a whole lot this morning. It's trading above its bullish structure profile. It's trading above its oscillator and change line. Its target is 18 24 80 to the upside. Now, let's go from here. Let's dive down into the intraday charts out here just to try to get a feel. Let's begin with the NQ since that's the strong dog out here. What is the NQ communicating to us? Well, if we look at a five hour timeframe chart out here, the five hour timeframe chart, the current bar that we are in, it's not going to matter. There's no topping pad that we have out here on a five hour timeframe chart. And you're above resistance, which is both the top of its profile, the five hour profile as well as the oscillator and change line. This suggests that further move higher. 15509. If we look at the 240 minute chart, you've got a wave number seven top that could be in place. The only way that that gets in place that wave seven gets confirmed is a lower high. And I don't know this current bar is going to complete at two 2pm. If there's any kind of spike above 15 387 25, then that just simply extends itself on the two hour timeframe chart. We've got no, I take that back. You actually have a rosement dominicator top because that is a key reversal bar. That key reversal bar, you have to have three things. You have to be in extended condition. Trust me, what a rosement dominicator signal gets triggered, you're in extended condition. You've got to exceed the high and low of the prior bar. Well, that's happened on the two hour timeframe chart. You need to close one take in the opposite direction that took place. So the resistance level set up by the two hour timeframe chart is at 15 387 25 level, which we already established your price closed above that. It extends that 240 minute wave number seven, but you do have a short term top in place for the two hour timeframe chart. I don't see anything on the 60 minute, the 30 minute has a wave number seven top, the price found support at 15 297 15 297 is going to be your key level to watch to the downside. That's regarding the end queue. We'll be right back. 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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 in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com. Educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At tfnn all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. tfnn Educating Investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks. So what I've got up on my screen right now is the seasonal charts that are provided by the folks over at Seasonix and it allows us a lot of flexibility here with regard to how we want to take a look at this. So the chart that I have up on my screen right now is take a look at the last quarter century and it's looking it's looking at the pre-election years out there now in my ear one of my systems back up. OK, so I may have some internet issues going on here if I do my apology for that. But again, we're looking at the S&P 500. We're looking at the last 25 years. But what I've got this set to is the is the pre-election cycle out here. And so we really only have six data points. But at the same point in time that we have the S&P 500, the ESMini, testing resistance atop of its daily profile. And we have the spot volatilics pulling back towards its 50 day exponential moving average out here. If in fact the 50 day holds and resistance on the ESMini holds, this suggests if pattern follows this analog that we should see a short term top form right around right now today, yesterday, tomorrow, but right around right now with a pullback for about a week. And then as you can see here over that 25 year period of time, we're really for these six data points October moves higher, moves higher into the end of the month. And then what we have out there or what it has during this time period has basically been a consolidating pattern out there. So that's a 25 year chart. We can go beyond the 25 as itself. We go to 95 years up here. We can again select each of the pre-election years. So it does that for us automatically. And here you can see if this is the cycle that we're in, this takes us back 95 years, quite a few touch points out there. And here what we can see is we're supposed to be topping right about now as well with the market moving lower into the end of the year. When I say into the end of year, I'm referring to about the week before Christmas out here. So it's very possible that this is the pattern versus the pattern being. Let's do this here. Let's come back here. Let's take a look at 95 years. Let's not do more. I didn't mean to do that. That's weird. Okay, Stevie has a different way to do this. Now that was a DAX. Let's try to come back here for the S&P 500. Why is it still doing that? Oh, it's done 44 years. That's why probably. Let me try this here. Huh. Okay. Oh, there we go. Okay. So now we've got it. Now this would be the normal seasonal cycle. And let me just do like this. So the normal seasonal cycle, those of you that have been listening to my show for a number of years, you know, I used to do this chart by hand out here. Normal seasonal cycle is right around mid October. This for the S&P 500. The exact date out here is October the 13th. But we already have a bottom pattern that is in place out here for all four of the equity future contract and certainly for the ES mini out there. And this would suggest that the Santa Claus rally basically I consider the Santa Claus rally to begin with the fall bottom that typically it's put in. So the question becomes which seasonal cycle are the markets following? Is it going to be the election cycle? Or is it just simply going to be it's going to ignore the election cycle? I don't know the answer to that, but we're going to have a pretty decent idea here pretty soon. I would say within the next couple of days out there. So that's the importance of the relevance of the top of that daily profile that was tested rejected destiny in the essence and price still trading above is 50 day expense moving average for the spotball to next. OK, so we got that out of the way. Let's go take a look at some of the requests that we've got coming in. And thank you to each of you who have provided me with these requests. Much appreciated. Let's get over to his white background charts. We're going to start off. Take a look at FSM and this for not a trader inside the Tiger's Den. So if he's not a trader or she's not a trader, must be an investor out there. So we take a look at FSM. Let's take a look at it, though, from the daily, weekly and the monthly time frame. This happens to be one of the Fortuna Silver mines out here. And just like Silver is dealing with resistance, it was trading above resistance out there. That was a top of its daily profile. It rejected that yesterday before may reject that day's end. It being twenty two oh three. Well, you could see that Fortuna Silver also basically doing the same thing. It's trading into its bearish structured cell zone area. It's caused by that's TAS market profile. So the sellers inside of SF FSM, not a trader are between 282 and 290. And so far they have held up their end of the bargain. Now if buyers can close above 290, do that for two consecutive sessions, that suggests a further move higher, but further move higher to well where the next resistance level. Right now, I've got the next resistance level at 292. So that would be another area that you're watching. That happens to be the bottom of the daily profile. Now, if Fortuna Silver can overtake the daily bearish structured profile out there where a counter trend rally, if this is all this is, I'm not saying that it is, but I can share with you if this is just a counter trend rally, where price would find resistance would be the center of that bullish structured weekly profile that price been below for more than two consecutive weeks. So if you can get above 290, look for a move up to 303, that could be where the rally stalled. If in fact, for tuna silver, and this is for not a trader, because he must be an investor out there, you're looking for a close above 303. If you get a weekly close above 303, then you're off to the races, those races should take price up to the 368th level. So right now you're trading the resistance on the daily time frame, the monthly time frame just simply shows a consolidation with inside its profile, although it has lost its momentum as price goes down. So if you look at the price of the price trades below red oscillator and change line that says that price could always get back to that 2 31 level. So that's what I see when I take a look at FSM hope that that helps you out. If not, please right back. Let me know what specific information you're looking for that I was unable to cover Dan inside the Tigers. Then would like to take a look at ticker symbol a M T X and AM T X right now is trading out at about $4.56. It is trading out at about $4.56. You'll see that in a little while out there. No. It's a slightly bearish structured profile that the center slightly closer to the top than the bottom, but which is somewhat equally distributed. Here's what we know about AM T X. That is a Metis and that is on the daily time frame reform one of Stevie's favorite bottoms, and that's at Roadsman to Mindicator. And the reason is because that can oftentimes set up a sling shot to the upside. The sling shot to the upside, though you still have to deal with resistance zones. That's what helps you get a pattern out here on a daily basis. Price consulting with inside his daily profile price should go target that 510 to 522 level. However, we have a teeny nine count bottom on the weekly and what we don't like so far is this week's action or basically yesterday's action. What Dan and I wouldn't know is why they priced up where it did if we only looked at the daily time frame chart. Now that we have the weekly time frame chart out as well, both Dan and I know exactly why priced up where it did. Why? Because on a weekly basis, that's that red oscillator and change line. That is the resistance point. So yes, we've got a teeny nine count bottom, but we also have a test rejection of a very key resistance level. So we're going to go on a weekly chart that this is a neutral type signal out there. Dan, what you need to see here is really close with that 522 in order to be free to move higher and that free to move higher could take you all we have to 659 even 782 on a monthly time frame chart. You just have a good old flashing consolidation with inside profile support at 183 and profile resistance at 584. So watch that 491 level out here on a shorter term basis. Let's call it a 30 minute. See if there's any kind of signal out here to give you a feel for what's going on an intraday on an intraday basis out here. What do we have? Not much. Yeah, I don't have anything that's going to help us out there, Dan. So AMTX looks good on the daily doesn't look so good on the weekly, although does have that teeny nine count bottom before you close below that low, that would be at $3.97. That would not be looking good at all. We'll be right back. The gold report. As a precious metal gold is still king. 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I am, which is Lithium America's Corp out here. And we're looking for a bottom. So if we look for a bottom pattern out here first, if you take a look at the very right hand side chart, what you're going to see is you're going to see an A to B equals CD pattern. Now there's several A to B equals CD patterns out here. This would be, let's call it the most conservative one. So we know that we're at an A to B equals CD. That says we were to see a bullish reversal candle on the daily and the weekly. That would confirm a buy the D point pattern. Turns out the last week in fact did that on the weekly basis, Dan. You got a nice big old bullish and golfing candle. Now that low is being tested as we speak this week. And that low was $9.69. The price closed below $9.69. That pattern goes away. We also have a wave seven pattern on the weekly chart. That of course needs a higher low to confirm. So that could extend itself, you know, for quite a while out there. We won't know until we see next week's trading. On the monthly timeframe chart, if it were to generate a bullish reversal candle, then you'd have a big old monthly Gertley buy pattern or buy the D point. Short of that, on a monthly basis, this tells us price wants to maybe get all the way back to $2.39 out there. So again, watch last week's low as we speak right now. Now last week's low also generated a TD9 count bottom. Not if it was last week, it was October the second. Was that last week or was that the week before that? That was the week before that. So you have a daily TD9 count bottom pattern. That low formed on the following bar number nine. Now that created a swing point on October 2nd. That swing point did volume of 4.1 million shares. You're coming down today in less than two hours of trading or about two hours of trading exactly 2.7 million shares. That's not how you like to see a test of a key swing point out there. So that makes that low, that 9.69 low really important. Now odds favor because you've tested that with greater volume that that low will get tested again. Now if it gets taken out that TD9 count bottom is gone. You still have to wait to the end of the week to see if the buy the D point pattern on the weekly chart holds up or not. But that would be that would be a check in the arm. And that would say you're looking at lower price as far as when to get in on this. So you've got to watch. I'd say not just today's activity but perhaps today's activity where it closes. And then tomorrow if you get a test of rejection of that swing point on lighter volume assuming it doesn't get taken out. And I don't know why we're assuming that I'm just saying that that's the case that happens. And we see a close back above 9.69 today. Watch for that test tomorrow as it's on lighter volume. Because you've got the daily bottom. You have the weekly bottom out there. You don't have anything on the monthly chart. On a 30 minute time frame we take a look at Lithium American Corp. What we're going to see out here is a Roadsman to Mindicator bottom. And that took place right now. It took place at 10.30. So an hour ago Dan we haven't seen a lot of price moving out here. And you've got resistance up above first resistance level 10.11 above that 11.14 11.43 11.58 and 11.67 out there. So there's potential. But if you take out on a 30 minute basis low of the day out here that would not be a good scene. That would suggest Lithium American Corp is going to give you a better entry point out there. But we'll have or you'll have a better idea. A better idea over the course of the next couple of days. Certainly I would say by Friday. So Dan I hope that helped you out with regard to that ticker someone. Thank you so much for your requests. Much appreciated. The next one coming in from John C. and the Tigers down. Let's take a look at the XL up. The XL up from the beautiful TD nine count bottom. We've had a nice rally prices back inside its profile. It's bullish in structure. If price can close above 33.24 again today it did that yesterday. It offers us the hope that price will make its way up to the top of that profile John. And that's at 33.69. If it doesn't close above the 33.25 level then what's it telling us? Well likely that price would pull back and test it also then change on to 33.06. Do you have a bottom? If that was a question the answer is yes you do on the daily timeframe. Do we on the weekly? We'll know on Friday. Why will we know on Friday? Well you've got a nice TD nine count top that formed out here so that I identify the top for you. That turned into an A to B equal CD to the downside. I'm just simply going to move that A to B level down. You can see we're more than a one to one. Right now you've got a bullish and golfing candle. If you get a bullish reversal candle at week's end you will have a confirmed garly buy pattern to go along with the confirmed daily TD nine count bottom. So if the question was has the XLF made a bottom? It did so it confirmed that bottom on October the 4th out there. At the end of the week we'll know if the weekly chart is going to confirm a bottom as well. On the monthly timeframe what we have is a good old fashion consolidation with inside the monthly profile. What we also know about the monthly chart here for the XLF is that the oscillator and change line has acted as key resistance. And so on any rallies out there 3490 at this moment in time is that key resistance level as price changes that is going to change as well. But that's the area where the XLF really would need to close above to say that hey this thing might have some real legs to it right now. It's got some tradable legs. So that's what I've got when I take a look at the daily timeframe. Now from a 30 minute basis the XLF has confirmed a roadsman dominicator top. As we take a look at this we go by the play by play out here. You can see that right now the price is testing a key level of support John. And that level is the bottom of that profile at 3326. We get a 30 minute close below 3326. This tells us we're headed lower. Now headed lower to where I don't have any breakout areas out here that I can go back to. So I just have to look back and revert back to prior swing points. That's back at about 11 o'clock in the morning on October 9th and that's anywhere between 3271 to 3284 out there. So watch the bottom of that profile on a 30 minute basis 3326 of the XLF close below that. We're likely headed lower. And 3306 would be a good target as well. That is that daily oscillator and change sign. So John C. Now it's not unusual to see a pullback today. What do you mean, Stevo? Well if we just take a look at its dance movements out here it had a five step or a five consecutive month daily closes out there. Last time we saw five daily consecutive close to the upside was on April 19th and what did that set up? That set up an A to B equals CD to the downside pattern. So not unusual for it to trade lower today. What you want to watch though is that daily oscillator and change line because if price close below that that's a real good signal. The XLF would be headed lower out there. So I hope that that helps you out, John, with regard to the XLF. Thank you again for taking the time to rate in. The next request coming in from S&P and S&P wants to take a look at Palantir. PLTR is the ticker symbol out here. Palantir has got an A to B equal CD to the upside pattern. Let's take a look at it. We'll simply draw the A to B line out here and then we'll just simply move that over to the C point. That was our retracement that occurred after that B point and you can see we're at a one to one we're above the one to one area. All this tells us right now S&P is just be careful. You know, things are bullish you're above a greenhouse seven change line above the top of its profile. But if we does generate a bearish reversal candle you're going to get a sell signal. The weekly chart says yeah, but I don't see that happening just yet. Why? Because I'm trading above the top of my profile. That's at 1757. May not close above it on Friday but that's the key level that you would be watching. If it does close above that then it could run back to its recent highs in the $20 area out there on the weekly monthly timeframe. We have price trade above the top of its profile which is up at 1763. So looks good on the monthly is looking good right now on the weekly is looking good on the daily. The daily says just be cautious out there because if you get a topping pattern a topping candle out there not a topping pattern you already got the pattern C8B we'll see any pattern. But if you get that bearish reversal candle then this should pull back and the pullback level that we'd be looking at S&P would be about $16.38. Steve Rhodes with TFN we get back when taking an apple for Dennis the XLE and the TLT. 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 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. 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An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principle. 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. Apple is for Dennis and West Palm Beach out here. Apple is in an A to B equal CD to the upside. That says if there were a bearish reversal candle that form we would see a gartly sell pattern. Now Apple has been struggling in the gap down area. There was a gap down on September 7th so between the September 6th and September 7th time period there was big volume there. 112 million shares is an example yesterday moving higher with a total of 43 million shares. So you know you've got that big gap area that you're dealing with. If price is able to spike above yesterday's high and it can do that either today, tomorrow, or on Friday, then you're likely to get ATD nine count top. Now we'll have to come back to that tomorrow and Friday to make sure of that but that's something else to be looking for. So if you're looking for a price to move higher out here if that spikes above 179.72 that says you've also got to be careful for the daily timeframe and we can see that ATD nine count top is what identified the most recent top the one from September 1st out here. So right now, things on the daily look good but you have to be on the lookout for either a spike above yesterday's high or a bearish reversal candle that could confirm a currently sell pattern. The weekly chart, road's meant to be indicator top, price found support where it should have 170.42, you're trading with insiders bullish structured profile. This says price should be able to run up to 183.27. The monthly chart out here, I don't have much but what I do have is a pretty big bearish structured monthly profile. Typically when you close below the center which it did last month price will make its way down to 147.21. So maybe what the charts are telling us here is at least Apple is that the markets are gonna follow along the election cycle out here. We should be looking for some type of top to form and this could be the high for the rest of the year out there. Yeah, that's what it could be but we'll see if we can take this stuff one day at a time out here. And right now with regard to Apple, everything looks good, just be on the lookout for a bearish reversal candle. That would then provide us with the information we're looking for which would be that, okay, Apple's at least topped out. So thanks for that request out there. Let's go to our next request. This one's coming in from Flip. Flip wants to take a look at the XLE. Wow, Stevie, I thought you had the XLE up there. Let me try this here. Don't have it there. Apparently Stevie is sleeping at the switch. Nemo certainly is. So let's get back here. Let me just kind of try to stay in order. Let's go take a look at the XLE and this is for Flip out here. We'll just, this'll take just a moment here to populate. But once it does, once it does, we're all set. Now in the case of the XLE, you had a gap up a couple of days ago. That confirmed they buy the D point pattern out here. Price is pulling back and it's testing that gap to the upside. Now the volume on that gap the upside was 30 million shares. So far today in a couple hours plus of trading you're back with 10 million shares. So it's pulling back with pretty decent volume. Is it just gonna test that gap? In order to test that gap, you need to get down to 86.50, 86.50 would be good. You got down to 86.55. So that gap still remains open up here. What we also know about the activity from yesterday is price ran right into resistance really where it should have. That was at its green oscillant change on a very close to the top of its daily profile. The top of that profile 89.38. So what do we have out here? You've got a bottom with price finding resistance and the consolidation with inside its profile. And that range is 85.11. Both the center and bottom are down there and the top is at 89.39. On a weekly timeframe chart, you've got a TD9 count top with price consolidate with inside its profile. Being below that green oscillant change line does open the door for a further retracement. A further retracement could take you back to 83.09 or 80.52 out there. We're not making that call just yet because we've got that daily bottom that is in place out here. But if you trade below the low, the low, close below the low, that low what we're talking about is 84.26. That's not gonna say 83.09 or 80.52 is on deck. With regard to the energy sector in its monthly timeframe, TD9 count top, just a sideways consolidation between 94.71 and about the $75 area out here. So we know that the XLE has a sympathy for the direction of Lightspeed crew. And as we mentioned earlier, maybe at the top of the hour, you do have Lightspeed crew, it is pulling back. You want to watch the area of 82.85 flip. If price close below 82.85, that is the November contract for Lightspeed crewed. Price is likely headed back in the case of Lightspeed crewed, 78.94 would be the next target. And if that happens, then you're likely to see the XLE pull back as well. So right now you've got the daily bottom, the weekly suspect, the consolidating, we'll just say at this stage the same thing with regard to the monthly chart out here. So I'd say watch Lightspeed crewed as well to help flip with his next move in interpreting the energy sector, the XLE. We had flip and we've got zip. And zip wants to take a look at the TLT. So if we take a look at the TLT, what we can see here is price right now is regaining the bottom of its daily profile, 87.75 out there. We're going to of course take a look at the 30 year treasury. Now, if this is only a counter trend move and we don't have a bottom pattern, today would generate the buy the deep point pattern because it has a gap to the upside. And that would say if this is just a counter trend move where price would stall, where price would run out of steam, where it turned back down would be at 89.05. On a weekly basis, you have a bull sash candle as we speak right now, that would be confirming a roadsmen to indicator bottom, but we won't know that till Friday. If we do get a bottom, that suggests move up to 90.43. So you got 89.05 and 90.43. The monthly chart could form a roadsmen to indicator bottom, but it's too soon to make that call. It just needs a bullish reversal candle, even though right now it shows up as a hammer. It's not a hammer. It's a hammer right now, but it's not hammer until the end of the month. Let's take a look at 30 year treasury, which is basically doing the same thing, which is trying to get back inside its profile. The bottom of that profile is at 112.31. That's what you want to watch out there. If price today can close above it, odds favorite move up to the next resistance level, and that's the center. And that center is going to come in at 115.19. So that's what you'd want to be watching for the 30 year treasury, if you happen to be a long TLT, or if you're short or if you're on a long TBT, which would be the short position out there. So right now, what do we see? We don't see any kind of a topping signal on an intraday chart, other than the four hour and five hour chart. And those show that the 112.24 area, the TD nine count breakdown area is a level that you really want to see price close above. And I said, 113.24. I'm going to say 112. 113.24. That's the next real key area out there zip that you're looking for price to close above to suggest that the TLT really wants to run higher. So thank you so much for that request. Let's go to the next one. Let me close these charts out though and free up some resources. The next one coming in from Nicholas. And Nicholas is returning from a beautiful trip to Spain. He was in Portugal. He was in Italy. He was all over the place. He was drinking great food is what he said. He was drinking a what had great weather, great food and great wine. Now that's the lifestyle out there. That's lifestyle that we like. That's for sure out there. So glad that you made it back safe out there. I think traveling overseas is not going to be easy for many years to come. If you were wondering, why did Stevie and Janice take all those trips this year? It was because we were anticipating that World War three was likely going to begin. And we ain't going to be doing a whole lot of travel over to Europe or any place else anytime soon. But let's go take a look at the Bank of America. B.A. is a ticker symbol that Nicholas wanted to take a look at. It's got that beautiful roadsman to indicator bottom with price now trading above the top of its daily profile here, where Boeing should head to. I said Bank of America, didn't I? They say Boeing or Bank of America. I don't remember which one I said out here, but we're taking a look at the stock charts for Boeing, B.A. So I did say Bank of America, my apology. Now where Boeing should head to, it should be targeting 209.83. And 209.83 is the top of its, it's not the top, it is its TD9 count breakdown resistance level. Now, you can get a buy the deep point pattern this week inside of Boeing on the weekly basis. Just needs a bullish reversal candle. And at the present time, that is a bull sash. And the monthly chart point right back to profile support between 181.21 and 191.24. 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 Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. 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The Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back folks, we're taking a look at Halliburton. This is also for Nicholas. Nicholas, we take a look at Halliburton a couple of days ago formed by the D point pattern. Price is trading by the top of its daily profile above its green asset and change line. That's at 40, 60 and 40, 77 respectively. Price should continue to move higher out there and probably wants to go target. It's recent high, that's the high from back in September 19. And that's in the range of, go anywhere from a low of 4107 up to the 4315 level. If we take a look at the weekly timeframe chart, you've got just a consolidation with inside its weekly profile. Price found support at the bottom of that last week at 3824. So just a consolidation between that and 4260. On a monthly timeframe, price is trading with inside its profile. Resistance is at 4141. That is the top of its bearish structured profile. A monthly close above that would be a bullish outcome. But really what you wanna see here is, well really just close above that would be off to a good start. Next request coming in from S&P wants to take a look at the GDX. Now the GDX out here, what do we have? I don't have any reason to suggest that this is not gonna have higher out there. You're above, you've got a TD9 count bottom. Looks like it wants to make a move to 2864, maybe 2897 out there. We've got a request to take a look at UNG. And they're looking for an entry into UNG. We won't look at UNG. We'll take a look at the natural gas contract. We know that price found resistance on a daily basis at that TD9 count breakdown level. That's up at $3.43. Out here, if you're looking for an entry into the UNG, I'd wait for natural gas to pull back and test support. And that would be down at about $3.12 cents to 308. So that's what I'd be waiting for there, Joe. Folks, thanks so much for all the requests out there. It really makes the show go smoother. At least it does for Stevie. Thanks for joining me. Have a wonderful Wednesday, and I'll see you tomorrow on terrific Thursday. Be safe out there. Take care.