 The following is a presentation of T-F-N-N. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Larry Pezzavento. Good morning folks, it's the voice of Steve Rhodes filling in for Larry Pezzavento today on Friday. Happy Friday to you. If you're listening at 1 o'clock, I'm recording the show at 9 a.m. for today and we'll make sure that it is a pertinent at 1 o'clock as it is at 9 o'clock. I love doing the 9 o'clock show because you've got the futures markets trading. We get to go play the Liars poker game. Establish the rules of the road for the day. That means identify, you know, are the markets generating a type of topping or bottoming signals? If so, where does that send price to or should send price to and then where would price actually give you a change in trend signal? That's going to be different for each of the different timeframes that we trade out there. So we're going to take a look at the equity futures contract and of course I want to look at what you want to look at. So you can give me a call at 877-927-6648. If you can't call in, you can send me an email. Steve at TFNN.com. Inside that subject heading, just put radio show question. Of course in our Tigers, Dan, as Ruby has done, any ping we'll do and we're going to take a look at coffee and a cocoa for cocoa puffs. I guess I'm cuckoo for cocoa puffs out there. But right now, let's take a look at what's going on inside the equity markets. Well, inside the markets in general. Right now, Dow futures are trading up 93 points. They're printing at 26, 790 or 26, 800. You've got the ESMini up nearly 12 points at 2983. That's about a half a percent, four tenths of a percent. NASDAQ is up 23 and the Russell 2000 is up eight. All the markets overseas, major markets closing in the green going into a Friday. So maybe that's a bit of a signal out here. Even over in the U.K. right now, it's turned just slightly positive. It's up three points out there. The DAX up 55 points, about a half a percent to the upside. You've had gold move from red to green. Right now it's up four bucks, trading out at 1529. We'll take a look at the key level of support, as well as what went on on the 30-minute time frame chart to signal that, okay, it's going to at least bounce or bottom out there. Silver is basically flat, trading out at 1880. And late sweet crude is off $1.03. Trading at 55, 27. You've got the 30-year note is up five ticks and the 10-year note is a 30-year bond. The 10-year note is off two ticks out there. So let's begin by taking a look at, let's take a look at the equity markets out here. Now, really, let's take a look at what does Stevie do when he sits down in front of his screen? How do I get my head wrapped around the message of the markets out here? Now, I have several tools, some proprietary tools that I've developed, but I like to look at my dials or what might be referred to as a market analyzer. What's a market analyzer? Well, market analyzer is taking a look at different markets. In this case here, you can see we were looking at the ESMini, the Dow and the Russell 2000, as well as Gold and Bond. So those are the primary markets that I begin by taking a look at, as well as this screen that you and I just looked at, the black screen to see what happened overseas. And this shows me on a 30-minute time frame what's going on with Stevie's dial. Stevie's patterns out here, some of Stevie's patterns. The roads momentum indicator top and bottom, beautiful signals out here. So as we take a look at the equity markets, what we know is that the move higher that we've seen here this morning overnight has been pushing higher with less route of energy. Now at the cash market, we may see that energy disappear. Now these are topping patterns or topping signals. They require a bearish reversal candle to confirm, but we'll go take a look at those key reversal sessions or maybe some bearish engulfing or evening star patterns out there for different time frames. But all that a topping pattern should mean to you, at least initially, is that the sellers are going to go ahead and try to push price down to support. Yeah, of course, the opposite would be true. Like in the case of gold, it did generate, I believe, a roads momentum indicator bottoming signal as well. And all that that means is that price should try to push its way up to resistance. So here I start with that dial. I'll also take a look at a little bit larger time frame, such as daily and weekly. I'll switch over to those here just for a moment. We'll pull that over. And this takes a look at the key levels here. It takes a look at Stevie's green slash red line, otherwise known as OUL, oscillator and change line support or resistance. And then you can have the daily, weekly, and monthly roads momentum indicator tops and bottoms. So what you're going to see here, we take a look at the daily time frame. So we have confirmed bottoming patterns inside the ES, many of the NQ and the DAO. That's on a daily time frame, on a weekly and then a monthly time frame. Well, we have our topping signals. And what that tells us is just simply what we already know, which is that we are in a consolidating pattern. When I say we, I'm really referring not to you and me, but I'm referring to the markets that you and I trade out there. Now consolidation patterns offer great trades for both sides, both the bulls and the bears out there. Now with regard to those consolidating patterns, before we go into the short-term time frames, what we do want to take a look at is the larger term picture out there. Now this chart here, these e-signal charts, they're not going to show the road's momentum indicator bottom signals. But what they do show clearly here, take a look at the ES, the NQ and the DAO, what they do show in yellow is the consolidating patterns out there. And let me get rid of, I don't know why that moved to there, but oops, I'm referring to the NQ, it should really be up here at about the 77, 88. But these yellow arrow, yellow rectangles, in essence, represent the consolidation level. So for the ES mini, that consolidation was really, come on, grab that, move on down there, around the 2941-ish type level. So in the ES mini, price has been consolidating for nearly a month between 2815 and 2941 out there. Now the beauty of the consolidation is a break of the consolidation offers us a price move. It's called a measured move. It's equal to or greater than a consolidation. So up until yesterday, we didn't know was the market going to bust it to the upside or bust it to the downside. Whichever bust it would do generates for us that measured move signal. So in the ES mini, the downside move would have been to about the 2690 level. Well, yesterday there was a bust to the upside, a breakout of the consolidation. That brings in the 3067-ish area, 3066. We're not going to worry about this to the tick out here. And as long as today, as long as the ES mini closed above that 2941 level, you have a confirmed breakout of the consolidation. Inside the NQ, the same game plan is in place out here. And that game plan is that the NQ had been consolidating between 75, 7350 and 7788. Yesterday a breakout, today some additional follow-through. Of course, what you want to see, this is a daily timeframe chart. So it's really going to be about the close today. But if the NQ closed above 7788, the ES above 2941 and the Dow above 26406, what that tells us is that we've got a real breakout. Now that real breakout generates a measured move equal to or greater than the consolidation. In the NQ, you're looking at 8223. Inside the Dow, you're looking at 27516. We're just simply going to trade the charts and the information that they provide to you and I as it presents itself to us. That's all we can do. That's all we should do. That is exactly what we should be doing. So those are the larger term objectives. Of course, it's all going to be key. Or what's going to be key is the end-of-day signal out there. Now I mentioned on a short-term basis out here that we saw some topping signals. So let's take a look at the ES mini. Let's go ahead and break that apart. If we take a look at the ES mini, we can see price moving higher, doing less relative energy. At the bearish engulfing, you had the bearish three-river evening star pattern. That's a 30-minute timeframe, as well as a key reversal session. It tells us that these sellers are trying to flex their muscles, but their muscles won't be worth a hill of beans, whatever hill of beans is worth, until there's a close below $29.75. That's the bottom of its 30-minute task market profile. That is level one support. No breaking. No breaking of that support. Price will continue moving higher. Steve Rhodes with Tia Fennett. Great. If you're using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. 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Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322, or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. TFNN.com. Educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. This is Steve Rhodes filling in for Larry Pesavento. If you're listening at the 1 o'clock time frame, we're recording this this morning. It's now 9-18. Hey, look, on Monday, I'll also be filling in for Larry out there. So, tune in live between 9 and 10 as we pick apart what the futures markets are communicating to you and I before the open out here. Now, we will take a look at the ESMD on the 30-minute time frame chart and the Rosemont to Mindicator topping signal. We had the same type of pattern, although it was a bottoming signal inside of Goldilocks. You really want to learn this pattern out here. There is nothing more reliable than this tool to help you identify what the market is doing, to be able to call Liars poker, to be able to buy bottoms and sell tops. That's totally different than buying low and selling high out there. You can get your arse handed to you if you do that, but instead, you want to be able to buy bottoms and sell tops. Now, inside of Gold, what we can see here is price was pushing lower, 30-minute time frame into about 6 o'clock this morning. The reason why I take a look at 6 o'clock this morning really began pushing lower to about 3 o'clock this morning, but there had been no bullish reversal candle. You see, the buyers and sellers have but just one role for you and I is to communicate, generate bullish or bearish reversal candles. Now, it's really important, those bullish or bearish reversal candles at the completion of a pattern, such as the Rogemindicator bottom out there. And right here, at 7 o'clock, at 6.30, I should say, at 6.30, you got your bullish engulfing candle and close above Stevie's red line out there. Now, for those folks that were intraday traders, whatever that might mean, to you out here for Goldilocks, you had your signal that buyers were ready, buyers were ready to push price up into the 15, 22, 15, 27 level. Those were the profile, the 30-minute profiles that still are in place as we speak right now. And that's exactly what took place after the jobs Friday numbers were reported out there. Now, prices above 15, 27, 90, it's 9, 20, if in the next 10 minutes you see price close above that, that says that you should anticipate Gold to continue to move higher. We can take a look at those levels, and what we should do is take a look at some instruments that were requested inside the Tiger's Den. That would be cocoa, that would be coffee, and sugar. No sugar tonight in my coffee. There would never be sugar in my coffee because I just simply don't drink coffee out there. And I've already jacked up without drinking coffee. Imagine that. Dad be bouncing off of the walls in here. We don't want to do that, although I do have some nice soundproofing in here. Nobody would hear me bouncing off the walls. But if we do take a look at cocoa, this one here is for Ruby. Ruby, as we take a look at cocoa, here's what I know at this stage of the game. And that is that prices that consolidating in between, it's a daily set of profiles out there down at the 2206 and 2298 level. Now, I would anticipate that price is going to make its way up to that 2298. Why would Stevie anticipate that? Well, if we take a look at the right-hand panel chart out here, that's the daily time frame. You can see you've got some higher lows and you've got some higher highs out there. And with that being the case, you ought to see Coco make its way up to 2298. Now, above above, close above that, above above that, you can see he's already bouncing off the walls. But a close above the top of that daily profile, which suggests 2341 would be in the cards for you. So that's what Stevie sees when he takes a look at going cuckoo for cocoa puffs out there. Now, let's go take a look at coffee. Let's go get some Java. Let's go get some orange juice. So we don't want to take a look at orange juice. Not that we can't, but we wanted to look at coffee out here. And so as we take a look at coffee futures, we're also going to take a look at its set of profiles. Now, its profiles, let me just expand out the daily time frame out here. What we don't see is a series of higher lows and higher highs out there. And instead, what you can see with regard to Java, and we're taking a look at price just consolidating really in between the bottom of its daily profile at 94. 84 and the center of its profile. That's at 97. 72. Now the center of a profile or the box out there is both where buyers and sellers believe there's fair value within that trading range, trading range being 94.84 to 99.88 out here. So cocoa looks like it has the given you the signal that it wants to move higher in the case of Java coffee out here. Really not so much. Just kind of consolidating out here at the bottom. If price can close above 97.72, then you ought to see it move up to the 99. 99.88 to 100.58 level. And that is your morning Joe, so to speak. But hey, what would be morning Joe without a little bit of sugar out there? So we go take a look at sugar. You've got it currently trading down four pennies out at 93 out here. And in this case here, it ain't so sweet. It's not so sweet. Of course it is pretty sweet out there. Hey, you got to love you got to love my dentist. I spent I spent a good part of all last weekend great, great golfer. You know, nothing like playing with with a pro and think they always ask him, you know, how much dental work do you really do out there and but what I love most about Stevie is his name is also Steve is he loves chocolate. He's the only dentist I know that he encourages the use of sugar. But let's not get too off track here. Well, we don't like about this sugar contract out here and that question came in from one of our dentists who was asking about sugar. I think it was Mike K. And Mike, there's nothing sweet about this chart when we take a look at this because prices below is you got a red shoot so to speak a red bar price below 11 37 out here and just continuing it's below the weekly profiles out here just suggesting that it wants to continue to move lower out there. So I don't see anything sweet about the price of well the price sugar is going down out there and maybe that'll be good for you know, I don't know who that's good for but it's not good for the bulls out there. So that's what I see when we take like a sugar coffee and a cocoa. Of course, I want to hear from you. So give us called 877-927-6648 or send me an email Steve at tfnn.com. We've got a question from Terry in the Tigers then can we take a look at high grade copper and we most certainly can. So let's go take a look at high grade copper. We're looking at the December contract out here and here's what we know about the doctor. The doctor is making a house call and that house call says hey, you know what I want to go ahead and I want to make a house call and run up and that's 2.6758 out there and that's the top of the weekly profile. What we can see here about the doctor is that it's trading above the top of it's a daily profile and that's at 2.6187 So that's a bullish move out here and that says that price ought to make a run for the next resistance level. That's 2.6758 So as long as copper stays above 2.6187 that's the top of that daily profile and you've got a real breakout possibly even a bottom pattern out there. Give me a second. I think I can punch up the doctor on my other charts just to see if there's any type of significant bottoming pattern out here. So I'm going to pull over the daily time frame see what it is that we see and I don't see any. Let me do a wave count to the downside. Other than wave number 4 I don't have it. Price is right now at a previous level of breakout support. Sometimes old support can become resistance but a price can clear above 2.6 435 that continued move higher should be underway when we take a look at high-grade copper. I'm still continuing to go with the call that the doctor wants to make a house call to the price level of 2.6758 that is the doctor out there and so tarpon two says yes is dense while he only worked four days a week. Hey, Stevie only to not the Stevie the other Stevie. She can't make a lot of money if only were three days a week. We must go to the same guy out there. Does he like sugar? Chocolate, anything chocolate? That's the beauty of traveling with him because Stevie's son here, I've got a sweet tooth too. Steve Rhodes with TFNN. My sweet tooth is for you. I want to hear from you. We'll be right back. Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. 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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. Steve Rhodes, fill in in for Larry Pesavento. We've got the cash markets opened. I was up 48. S&P's up three. NASDAQ up three. Russell's up three as well. A lot of threes out there. We'll stir 5,000. That's up 33 points out there. Let's keep those threes rolling. And inside the trannies they're up. It's got a 30. 30 points out there. So that works as three. So we had a request out here. This one coming in from who is this coming in from? Is this Jane? Let's see who is this? This doesn't tell me. But the first name says Jane. So we're going to go with Jane B. And Jane wants to take a look at Roku. So let's go take a look at our three timeframe charts out here for Roku, currently trading right now at $165 and change out there. We're taking a look at the daily, weekly and monthly profiles out here. We can see prices trading above all of the resistance levels. Roku has not been trading long enough to get a monthly set of profiles out here. But if we take a look at this, everything is free and clear to continue running to the upside. However, Jane's question, Jane Curtin, that's where we're going to go with. Jane's question was just wondering if it's making a top. Well, that's what the market profiles will not tell us. They will just simply tell us where support and resistance are and identify some kind of top we've got to look to our other charts out here. So I'm going to go to the weekly timeframe chart, Jane. And what we're going to notice is that this week is going to be bar number nine. Bar number nine of a TD set up nine count out here. Now that means that we've seen nine successive weeks in a row where the close of each week was a close above the price four weeks prior. I know that's a mouthful. I slowed down just hopefully so that you could get it, but you don't have to worry about getting it just simply because it's automatically populated on my chart. It won't take a look at the other TD nine counts to say, is it something pattern wise inside of Roku for us to pay attention to? And the answer is, well, it appears that it is. If we take a look at the last top that we had inside of Roku, this was back in March of 2019, March eight specifically. What you could see is you had that TD nine count that formed in a little bit higher high the following week, March the 15th. Well, when a TD nine count tops or bottoms, you look for that top or bottom to occur on bars eight, nine or 10. And there's really not bar 10, but the bar following bar nine out there. And in this case here, you had a bearish reversal signal and price did go ahead and move lower for a period of about six weeks out there before it generated bullish Morningstar candle out here and then move tired. The next time that we saw a TD set up nine count, that was back in June of 2019. It was bar number eight, push price down to Stevie's green line out there. That's support by the way. And so support right now inside Roku would say be 133 ish area. So the question is, is this wondering if it's making a top? It's got a topping, a potential topping pattern in play, but it could be a higher high next week. Remember the TD set up nine count would generate a high or low. In this case here, we're looking at highs and bars eight, nine, which definitely that qualifies or the bar following nine. Now, does it always work? No, it doesn't. But do you pay attention to it? Of course we do. We take a look at the last time you saw a nine count back into the downside was back in December, December 7, 2018, the following week, a lower low. But then we had a lower low the week after that. And that was a beautiful thing because it said, Hey, that wasn't what was going to identify the bottom. So from a weekly perspective, Jane, yeah, there's a signal that says, Yeah, possibility of a top. Well, how about the monthly timeframe around on the monthly chart? We don't have any kind of TAS profiles we can use. But we do have the ability to go take a look at its TD set up nine count. And this is going to be month eight, month eight, with a higher closing high above the high for bars earlier when you take a look at each bar out there. So this has got some potential for a top. And if we take a look at the daily timeframe chart for Roku, this chart here hasn't updated for today's activity. But what we do know where we can take a look at is the daily is saying not so fast, not just yet. You don't have a topping pattern that I can see. Well, let's go take a look at the wave count. That's measuring the waves to the upside. I don't have a topping signal there that would be singing in the key of G by the way. The price would need to close below 159 53 Stevie's green line out there inside of Roku to suggest a movement back to 133 15 where its last breakout occurred. So Jane, in summary, yeah, Roku is generating some topping signals potential topping signals on the monthly, the weekly, the daily is not prepared just yet out there. So if you're still in the stock, I don't know if you are, I'd say stay in the stock. I would not. This is not generating any kind of a cell signal force. We got another question. This is coming in from Michael. Michael R. Michael says good morning, Steve and happy Friday. Well, happy Friday to you. What's your crystal ball C for the TLT? Well, if we go take a look at the TLT, what we really want to do is I'll put the TLT up here just for blanks and giggles, but we're not going to really focus too much on the TLT. We're going to actually take a look at the 30 year treasury bond out here, but trying to populate the the TLT for you just to see where profiles or profile selfish to identify what price is doing. In this case here, the TLT would need to close below the bottom of that profile 14398 Michael in order to suggest there's a change in trend. So price is just simply consolidating on the TLT within its daily profile between 14398 and 14671. A close above 14671 says everything is still alive and well. Now, we take a look at the TLT. It's really important. It's really important whether it's a TLT or some other T that you and I are taking a look at. Not a mind a cup of tea, but if we do take a look at what we should be looking at is how are treasury bonds trading in all the major currencies out there because it's not just you and I that trade these little puppies. It is traders around the globe. That means when you're a trader over in France right now, well, you're probably partying. It's 930 plus five, not just yet, but you're thinking about, hey, what am I doing tonight? We're not thinking about what are we doing today? Stay focused here, Stevo. It is really important to understand what that trader that is trading in euros as their local currency, what the T bonds are doing out here. The same thing with regard to treasury bonds in yen and also inside of a great British pounds out there. They must be moving. Everybody must be a seller in order for selling to really catch on likewise buyers. If there is, you know, if it's moving higher in your local currency, you're not going to be a seller. You kind of get the picture out there. It's a simple thing to take a look at. Just pretty much nobody does take a look at, which means that you're trading with three fourths of your hands. However, that works out behind your back. We don't do that here at TFNM as Stevie does not allow you to do that. It's not possible. You need to understand what the other guy is doing. The other guy or gal out here. Now in the case of treasury bonds, again, just consolidating between its profiles very much like the TLT. Here you're looking at 163 and 27 30 seconds. That's your downside support must be broken in order for the TLT to be say, maybe I need that TBT fix out there, which be shorting the treasury out there. And with regard to the top of the profiles, 165 and 22 30 seconds, right now, you've just got a consolidation. Good old fashioned one. No cell signal out here as we speak just yet. Michael are. So thanks for taking the time to write in. Let me see if there's any other questions because if you wrote in, I want to be able to answer your question. I don't have anything else out there. Let me take a look at repeat the TLT support. You've got it. That's coming from M in the Tiger's Den out there. Let me move back here and get to that three time frame. Where is it? Three time frame. There we go. The TLT support level out here M is 143 98. That is the bottom of that profile out there on a daily basis. The question is, Ruby wants to go take a look at high hogs out here. So if we go take a look at hogs, the December contract, we're going to have to do that when we get back from this break. But I want you to, you know, get some nice. I love a nice piece of country ham. Don't you? You know, some of the best. Well, you got the honey baked ham, but you can't beat a cracker barrel. Country ham. Steve Rhodes with TFNM. We're going to go take a look at hogs. We'll get back from this break. 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The Bull Bear, binary option hour, next on TFNN. Welcome back, folks. So we're going to go take a look at hogs out here. We're living high on the ham. And as we take a look at hogs, we're going to look at the daily timeframe out here of Ruby. And what we can see is that price here is also consolidating. In between, it's a daily profile. It's a daily profile, the bottom of which is 6066. The top of which is 6641. Now, what you want to notice here, Ruby, is that the profile itself is bearish in structure. What do I mean by that? Let me do this here, folks, for you. I'm going to actually go ahead and turn off price. We're going to turn off price. I know you're going to say turn off price. Why would you do that? Because then we just have our profile. So we don't know. We can just understand what's the profile communicating to you and I. And that's what we want to know. We're just taking a look at the daily. I've got both the daily and the weekly. The weekly are green. The daily are blue. So let's just take a look at the daily. We'll take a look at both. But what do we know about the daily profile? Well, we know that the bottom, that's where support is at, that's where buyers are. So when I say support, it tells us where buyers are lined up. That's at $60.66 out there. We also know the top of the box is where the snipers are at, where sellers are at. That's at 6641. The center line is where we have both buyers and sellers, where they believe there's fair value with inside that range out there. Well, if there's more, if there's sellers and buyers, but let's say sellers also present at the center of the box, which is closer to the top, then we have a bearish structure, meaning more sellers in that range of 6449 to 6641. Now, if you take the weekly profile, it too has a bearish structured box, but at a higher level, meaning its resistance level or where sellers are at from a weekly time frame is at 6930. The center of the box being 6716. So it's really important to understand the structure of the profile. And it's really important because your price is able to close above a bearish structured box. Nothing more bullish than a failed bearish pattern. So now we turn price back on. We understand the lay of the land. We understand the football game, the virtual football game. These profiles are nothing more than virtual first down markers, so to speak. And as we take a look at those first down markers and price, what do we know? We know that price is attempted to break out above where those snipers and sellers are at 6641. They've been unable to do that. They have attempted that for the last three days out there today being day number three. And so that is your significant level of resistance. Ruby, a close above that should bring 6930 into play out here. But otherwise, you've just got your good old fashioned living high on the hog consolidation pattern that is in place out here. So hope that helps out with regard to your trade for the December contract for hogs out there. Now let's take a look at the markets go back here. You've got everything in the red. Now that's not to be surprising. We took a look at those early signals, right? We began the show. We said, what are the early signals telling us about buyers and sellers? We were looking at those roads, momentum indicator, topping patterns inside the ES mini. So let's just simply go back to it just so that we can understand what's going on right now. The 30 minute bar that doesn't complete until 10. It's now 945 prices trading below the bottom of that profile 2975 53. If we only traded just the 30 minute time frame a close below that level, we would have our chops. So to speak, we'd be licking our chops all the way down to about 2937 2930. Look, the most important thing for you and I in taking a look at any chart for any time frame is to be able to establish support and resistance. We can do that a couple of different ways. One, we can use those task market profiles, extraordinary tool, excellent tool. I recommend it to be used by everybody, especially if you're an active trader out there. What else can we use for identifying support or resistance? We'll break out and break down levels. What's a great way to do that? Well, that TD set up nine count pattern is a wonderful way to do that. And that establishes for us the breakout and breakdown area. In this case here, the last time on a 30 minute base, we saw nine consecutive closes above a closed four bars earlier. Well, that would take us back to the breakout level of 2937. That would become the target, but only if we see price on a 30 minute basis close below that 2975 level right now. That's what's being tested. In other words, the topping signal is working. When I say it's working, the first roll of any topping signal is that sellers are going to try to bust out support. And until they do that, there's been no change in trend. Now we have those same topping signals on the 30 minute on the 60 minute. Let's go check in on this 60 minute. It too is going to have a set of profiles, which it does. We can see that it is a bullish structured profile, by the way. The center of that box is closer to the bottom, the bottom being 2973 and a quarter out there. That's what has been hit so far. And until price closed below that, price did close below that 2925 would be the number. Otherwise, only thing that's going on at 947. And we knew this earlier this morning was that sellers were trying to flex their muscle when it was at jobs report that came out, generated the bearish reversal candle to say, hey, sellers are going to try to go bust out support. They haven't busted out support. Just like we looked at gold on a daily basis, it hadn't busted out support. Now in the ESMini, it also had a rose woman to Mindicator top on the two hour timeframe. That's 120 minutes. That is the current candle session. That's a key reversal candle. This says you would have support at the 2968 level. So you've got your levels of support. You know your P's and Q's out there. And that's what you want to take a look at on the five hour timeframe for the ESMini. What do we have out here? Well, we really don't have any kind of topping pattern. We thought we might have a TD set up nine count top, but that vanished as we came into the nine o'clock hour during that jobs report data. And now as long as price stays above Stevie's green line at 2970. Well, it's a nothing more than just holding the key levels of support. Now let's go take a look at the daily timeframe just to put everything into perspective. Well, that means we also have to look at the weekly. But if we take a look at the daily timeframe, you can see the rose momentum indicator top that formed out here. So beautiful pattern. You want to learn that. Hey, subscribers get to learn it. Just go test drive mastery probability for the next 30 days. You've got no risk whatsoever as it comes with that money back guarantee. So you've got that top that bearish reversal candle price moving higher, doing less relative energy, following along Stevie's very specific five, five, five elements of the top or bottom pattern. Here we can see back on the train day of August 28th, you get that bullish reversal candle to confirm that road's momentum indicator bottom. Now we're in day six of a TD set up nine count likely will go on to day nine. But I don't guarantee that, but that's what we'll be looking for as the next topping signal with price being above Stevie's red line at 2921 daily timeframe says I'm not ready to move lower, not just yet. And then the weekly timeframe. Now the weekly timeframe as we take a look at it, here's what we know. What we know is that price right now, this is the first week. This is the first week if price close about 2960, you're 2978 close above 2960 says what to you as you take a look at this chart. If you're watching us on Tiger TV, if you're watching us on Tiger TV and I know you are in the den as you take a look at this chart right here, if you see this week, the ES mini close above 2960, what is that communicating to you as to where price will head? You're exactly right. Price will head back to that rising trend line that has contained price going back into 2018. And that would say that price would be targeting around the 3040 said 30 what's called 3050 type area. So any close above 2960 says price should move up to the resistance zone established by that rising trend line out there. So the weekly is really going to be a driver in the marketplace. Now with regard to market breath, did somebody say market breath to me or did they just say, Stevo seems like you might have bad breath. And that could be the wheat grass that you are smelling out there. But what we're going to do when we come back from this break is we're going to go take a look at the market breath for the S&P 500 for a daily and a weekly timeframe to see how many constituents. That's a big word, isn't it? Big word for Stevie. How many are trading above the top of their profile? How many are trading below the bottom? Do we have a weekly bullish crossover? That's the question. And we're going to find out the answer in just a few minutes. Steve Rhodes fell in it for Larry Pesavento. We'll be right back. 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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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 and 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 TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call 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 to Steve Rhodes filling in for Larry Pesavento. Today's show is being recorded between nine and 10. I'll fill in for Larry I believe it's next Monday, Tuesday and Wednesday out there. So please listen in early. I love doing the morning show especially especially the nine to 10 show because what we get to do is we get take a look at the equity futures contracts, see what signals are being presented to you and I to understand what the markets are likely to do at the open and what levels to be watching for. Now before I went to that breakout there, I mentioned the market breadth and so I do want to share with you the market breadth here for the S&P 500 and today's close is important. We just had a bullish crossover this week really took place yesterday. Now what this tells us is on a weekly base there are 203 instruments, constituents inside the S&P 500 trading above the top of their box. When you trade above the top of their box, think about driving down the expressway you know you come to congestion area as soon as you pass it. It's the pedal to the metal so to speak. In other words, there's no more traffic. There's no more resistance in front of you. So you've got this bullish crossover today and they're very important to pay attention to. You have 133 issues, constituents trading below the bottom of the box. So when you have more above or below, that's where we get these crossovers. So that's really important. By the way, the daily timeframe that is in bullish mode. This went to bullish mode on the 29th out there. If we take a look at the shorter term timeframe, here's the four hour timeframe. You've got bullish mode here and then the one hour timeframe. You've got bullish mode there. So from a market breast standpoint for the S&P 500, everything here is set up in a bullish mode. The same is true if we were to take a look at the NDX 100 out there. So folks, we're almost at the end of the show. It's been great to be here with you. I want you to have a fantastic weekend, a fantastic Friday. I want you to stay tuned because a great show is coming up next. The Tom and Tommy show, Bull Bear Binary Options Hour, and they'll provide you with some great information as well. But have a great weekend. Tune in next Monday. Next Monday morning, 9 to 10. We'll do the same thing. We'll take a look at all those instruments that you want to take a look at as well. Signing off, Sayonara, and we'll see you on Monday.