 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes, toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning folks. Welcome to the September 27th, the wonderful Wednesday edition of today's Trader's Edge show. I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. 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, well, it means we can find the gift in every set of circumstance 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 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, dial on in at 877-927-6648. Now, if you can't dial in, we've got you covered. You can send me an email and I'll send that off early. Send that to Steve at tfnn.com and inside the subject. Please put radio show question. Now, if you're inside our Tigers Den, we're then any in 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. We got a mixed bag out there. The mix goes like this. The Dow's off 77 points, about a quarter percent. Basically, the S&P is flat right now. It's down one point. The Nasdaq is up seven points. That's flat. The Russell's up 20 points. That is not flat. That's up over 1% out there. The semis up nearly 1%. They're trading out at 33.56. That's a 27 point move. The pennies are basically flat out there. Gold is not flat. It's up 18 bucks. Silver's down 31 pennies. That's 1% and 1.3%, respectively. Lights we crude is up over 3%. It's trading out at 93.80. 93.30 right now. It's changing quickly. Natural gas is up seven pennies. Trading out at 2.91, I should say. And a 30-year treasury, printing at 1.14.13. Lead in charge. Dollar-wise, the upside. You get alpha, metallurgical resources up 6% or 15 bucks. 13 bucks, 3%. The OIH up 11 bucks, 3%. Costco up 10 bucks, nearly 2%. Hubble link up $9. That's nearly a 3% move. To the downside, $8 to the downside, 18%. That's next-terra energy. Striker corpus off 5 bucks, 2%. Depelles pharmaceuticals down 5 bucks, 11%. Solano therapeutics down 4 bucks. That's a 14% move. And Chichi Group down 24%. That is a $4 move to the downside. Let's begin. Let's begin with a take a look at what's going on from a market breast standpoint. Short-term-wise, here's the 30-minute market breadth. This is for the S&P 500. 101 above, 245 below. That is bearish market breadth for it. Let's take a look at the NDX100 as well. The NDX100 market breadth shows we have... Come on. Come on. Calculate. 24 instruments trading above profile, 34 below. So it is also bearish. Real quickly, take a quick peek in on the others. I've got to imagine everything here is set to a bearish crossover as well. This is... What do we have? Those are the ETFs out here. Let's get to the... If you give me a moment, let's get to the... S&P 500 is bearish for each of its timeframes. NASDAQ 100, bearish for each... Ah, the 60-minute. That's hot. So the 60-minute for the NASDAQ 100 has positive market breadth. 42 above and 32 below. So we'll check in on those charts out here. In fact, let's go check in on the intraday charts for the NQ as we speak right now. So let's move over. Give me a moment here to get those fired up on my screen. Is that the NQ it is? So let's go change screens out here and get a feel for what the 60-minute timeframe chart is or isn't doing for us since that has some positive market breadth, the only one that we've seen so far. So let's open up that 60-minute chart. We've got a nice wide-ranging bar that's getting back to its TD9 count bottom. Okay. So this is going to be helpful to all of you traders out there. And that is on a 60-minute timeframe chart. You've got price moving down into this TD9 count bottom formed at 4 p.m. yesterday afternoon and completed by 5 p.m. And if we take a look at that, that swing point out here, the low, that's the number to be watching is 14666. Boy, that sounds devilish, doesn't it? 14666 and a quarter. If price closes below that, I can assure you we are headed for lower price inside the NQ. But right now, you've got positive market breadth. We can see it's doing everything it can to fight that swing point and that bottom signal out there. The key level, so you know what the key level to the downside is. The key level to the upside, first key level is going to be 14796. That's the top of its current profile. That profile has been tested and rejected. So close above that. Well, then signal move to its TD9 count breakout area at 14893. So we've got both the upside and the downside covered and it's really going to be the NQ that should be the leader out here. At least that's what I'm taking a look at as we speak right now. We take a look at the daily timeframe chart here for the NQ. You're going to see bar number, a TD9 count is going to form today. Well, it will form today as long as price closes below the close of bar number 5, 14862.75. The pattern will complete tomorrow. Meaning that you could get a lower low. Right now, bar number eight is the lowest low of the pattern. You could get a lower low tomorrow out there. The five-minute chart says not so fast. The five-minute chart shows a nice Rosemont Dominicator bottom, was formed with a bullish hammer candle, and price is now pulling back and testing support. Support is its bullish structured area. That is between $14,695 and $14,724. And if price can maintain its, if price can maintain closing above that center of that profile, which it has done for the last two bars. If it does that on this bar as well, that's telling us that price wants to make its way to $14,868. $14,868, what was the number that we have in the 60-minute? $14,893. So $14,868 to $14,893 would be the key resistance zone for the NQ out there. With regard to the other timeframes, a four-hour has the same Rosemont Dominicator bottom pattern. $14,835 is its resistance level. Price has pulled back and tested and rejected support so far. That's the bottom of its profile. That's on the 120-minute chart. That formed a, well, that's not going to form a TD9 count top out there, even though bar number eight, not unless there's a huge, well, this is a 12 noon close. We'd have to get one heck of a rally to get a TD9 count top here. But what we can say is price certainly can solidate between that profile and 120-minute chart. That's between $14,688 and $14,802. So that's the NQ. Let's go ahead and put up the, let's do this here. Let's just simply go over and take a look at the daily timeframe charts out here. This is for each of the futures contract. This way you'll be able to see that each of them have a TD9 count potential bottoms that should form today or could form today. They each need close below that bar number five. We covered that for the NQ. For the ESMini, the close will need to be below today, $43.72. In the case of the Dow, the close today, this should be pretty easy. A close below $34.337. And in order for the Russell 2000 to generate its TD9 count bottom today, price is going to have to close below. Let me move this over to the side just a tad. Price is going to have to close below the close again of bar number five, $17.9790. And we're trading right now at $17.97. So watch that. Watch the Russell 2000 as well. Now, again, that pattern, the TD9 count pattern can complete tomorrow. This says we should be in an area where the oversold rally begins to start working. I'm not saying necessarily begin to start working at 11.14 in the morning, but between today and tomorrow. But in order to confirm that, we're going to have to take a look at the U.S. Dollar Index, which peak G wants to do, and we'll try to do that during that next session. Zero's with TFN. We'll be right back. Adding stock options to your portfolio can be a major game changer. But the full complexities of these instruments can oftentimes elude even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. 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 it 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. At 727-873-7618. Back folks, so the following things are on deck. We're going to take a look at the USO. This is from yesterday. This is for a dude inside the Tiger Sam. We're going to look at Apple, the US dollar index, basically for Pete G. Hector and Johnny. We want to take a look at the GDX, IONQ for Dan, and Dennis wants to take a look at AMGN. But of course, I'd love more requests, so keep them firing away. So with regard to the USO, the USO, we talked about this yesterday. We're going to go over to those charts here momentarily. We'll get to take a look at this. So the USO, if you are trading that, and you're trading, in essence, long light-sweet crude out here, what you need to know is that USO is made up of six different instruments right now. So you've really got to be able to track those six different instruments. We're going to go take a look at those momentarily. And if you give me a moment here, because you don't have a choice, screens, let's get up to this one. So now we're on that screen. Let me also do this at the same time. So here's what I'm saying, which is if you take a look at USO and you take a look at the holdings. These are the holdings as of last, says as of September 1. Okay. Well, as of September 1, here are the holdings out. That's wild. Yesterday, we were looking at something that had the, oh, here we go, September 26. There we go. Okay, perfect. So here, if we take a look at the holdings out here, you can see you've got the November, January, June. First, you've got November of 2023. Okay. So the current month that we're in, current contract. And that has, as a percentage wise, well, it's kind of weird. They have to go figure out those percentages out here because that looks like that top panel is as of September 1. So you want to take a look at what's going on as of September 26. So here what you need to, so you see all these different future contracts. You've got March of 2024, February of 2024, December of 2023, June of 2024, January of 2024. These are all the contracts that you need to know what's going on if you're going to be trading USO. I actually don't have all those correct because I was looking at the weighting. So what we have out here is you've got, so we've got November of 2023. Okay, we've got that out here. We've got January of 2024. So that's over there. You've got June of 2024 down here. You've got December 2023. Where do we have that? Okay, so we've got December. So we have these future contracts. But here's what you would really be looking at, dude, in order to properly manage that trade. Not just take a look at what the November contract is doing because that does not even represent the bulk of what's inside of USO. But as we take a look at each of these charts out here, what do we see? First with regard to the November contract, we can see that price is now trying to take out the top of its daily profile. The top of that profile is $9,180. If it does that, it suggests that price is going to continue to move higher. Now that continued move higher, there's an A to B equal CD. If you caught the 11 a.m. update, you saw me, and each day you see that out there, there's an A to B equal CD that gets us a $9,670. What I will share with you, in fact, I'll just switch over. I'll just switch charts. We'll take a look at this. Try to do this one step at a time out here. Hopefully I do a good job of switching back and forth from screens out here. Here is the November contract for Lights We Crewed. Let's get this so you can see the swing point that we used out there. So there's your A to B equal CD pattern. Now that retracement was about 32% out there. First day 32, oh, you're not seeing it. First day 32% retracement is the first thing, that first message that comes with that on an A to B equal CD is that this is going to do more than a one-to-one. Now we can see that price along the left-hand side of the C to D leg. So A to B and C to D have the exact same angle. That's really important to help you understand what's being communicated to us. We now have a stronger move along the C to D leg than we did along that A to B leg. What's that tell us? That tells us we are likely going to do more than a one-to-one A to B equal CD. So what I'll share with you is the initial price target for Lights We Crewed to the upside is $96.70. This is November contract that we're taking a look at. And that says that price wants to go target that area. If it does, and you get a bearish reversal cattle, well, then you'd get a sell the D point. Short of that, more likely a price going to do is go target the $101.97 area. Now let's go switch back from a USO standpoint to the holdings with inside that. So if you give me a moment, we'll get right back there. And here with regard to those contracts, December of 2023 is breaking out above the top of its profile. January of 2024 is testing right now the top of its profile. And that's up at the $89.24 level, or just likely above that. February 2024, it's got resistance up at $87.65. We're trading below that. March of 2024 right now is just consolidating with inside its profile. That level of resistance is $86.67 and $84.15 of support. And June of 2024 has got resistance $84.13 and $80.89. So you've got the profile levels due to be watching out there. And those are what are going to impact the USO. If we go take a good USO church out here, I don't want to do a disservice by only looking at USO and not describing what you really should be looking at. So now we go take a look at the USO charts out here. So we'll get those up on our screen. This will take just a moment. See where it is at. Okay, so in the case of USO, it right now is trading above both a prior swing point as well as the top of its profile, $81.34. Now, in the case of the USO, it's triggered a rogment-diminicator pattern. Well, we actually had a couple RMI signals that were triggered inside of Light's Recruit as well. That's really important also for you to be watching, dude, because if you get a bearish reversal candle, that's going to confirm a rogment-diminicator top, and that should take price back to support levels. Support levels would be profile areas if it's trading within that, or the oscillator and change line if it's trading above that, which it is right now. So your support areas on USO are going to be at $80.206 and $81.34. The weekly chart for USO shows an A to B equal CD to the upside out there, and it shows a negated TD-9 count top. With regard to the monthly chart, it says he eventually wants to get to $92.20. So that's USO, but dude and everybody else who trades USO, please pay attention to the holdings that are inside there. That's going to help answer your question. That's going to come into your mind, which is why isn't USO necessarily reflecting what you're taking a look at in the current or the active Light's Recruit contract out there? And it's because you've got five other contracts that you need to deal with and manage. So thanks for waiting an extra day on that. Let's go to the next question, John inside the Tigers Denny wants to take a look at Apple. Now Apple yesterday closed right on its swing point. It's trading below that right now. The swing point that could be generated an A to B equal CD to the downside. So we take a look at that swing point. That swing point is back here on August 18th. The low of that swing point was 171.96. Yesterday's close 171.96. Now the volume yesterday was 64 million. The volume of that swing point is 61 million shares. Well, guess what? Right now today inside of Apple, you've got 19 million shares. You've got 20 million shares. So if we just simply multiply that times three, we're going to get to that 60. So you could really get a confirmation of an A to B equal CD on the daily timeframe for Apple. If we get a close below that 171.96, and especially if it's more than 61 million shares out there. So that's what you want to be looking at. What happens if a close below that on less than 61 million shares? It still triggers an A to B equal CD to the downside. If we look at the weekly timeframe chart, get over to that here momentarily, the weekly timeframe chart is brought price right back to support. And support here is the TD9 account breakout area. So what you really need to see here, John, is you want to, in order for Apple to really give us a signal that's moving to the downside, we covered it on a daily basis. On a weekly base, you want to see a close below 170.42. And then the monthly chart says you want to see a close below 168.79. That's the top of his profile for this bad news for this A to B equal CD to the downside to take fruition. If we get back from this break, I'll summarize what I just said with regard to Apple. I'll give you what the A to B equal CD downside target would be. Steve Rhodes with CFN, the great guy. Old 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 so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kekstat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. Eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. TFNN, educating investors. Welcome back, folks. So to summarize that, Apple, if you're closing below 17196 today, it's going to trigger an A to B equal CD to the downside. I don't want you to get too caught up into that just yet because this is all really about breaking through support levels. On a weekly basis, we need to see a close below 1742 to suggest that that A to B equal CD pattern would come to fruition. But then we come to the monthly chart. The monthly chart has support out here at 168.79. So 168.79 is going to be the make or break level for Apple. And if you get a close below that, then 163.71 becomes the first price target on the A to B equal CD to the downside out there. Let's go to our next request. The next request coming in from peak G who wanted to take a look at the US dollar index or his question was what's going on with the US dollar index. So for that, what we're going to do is we're going to change over to the white background screen. So I'm not going to actually show you the US dollar index because in order to do that, I would have to shut down a bunch of things and put in a new data feed. What I can share with you with regard to the US dollar index is that today is the day following bar number nine. Today is the completion of a TD9 count top. So if today is the completion of a TD9 count top, we need to understand what's going on and the three instruments that make up 83.1% of the holdings. That happens to be the euro, the yen and the pound. For that, I don't need to change my data feeds out here and instead we can look at them. So with regard to the euro, the euro negated by the D point pattern a couple of days ago. It's in bar number four to the downside. The only way that the euro gives us a sign that it's getting ready to at least bounce up, at least towards the societal and change line is with a bullish reversal candle. We're trading below yesterday's low. I don't expect that the US dollar index is going to make any turn today. Maybe it makes that turn tomorrow. If we take a look at the Japanese yen, if it doesn't make that turn tomorrow, I don't care if it's got a TD9 count top that's completed, it will get negated. It'll get taken out. If we take a look at the US dollar Japanese yen, as this chart, as it moves higher, it weakens, this would be weak and the US dollar index is getting stronger. So now you can see that green us that are in change line is acting as a key level of support. The last three trading sessions, you do have a roads meant to indicator signal that's been triggered. That needs a bearish reversal candle to confirm that it wants to move lower or strengthen versus the get stronger versus the US dollar index out there. So the end we get stronger, the US dollar would weaken. The Great British Pound, this is going to complete. So this is the biggest hope out here, but geez, there's only a 12% waiting inside the entire US dollar index. This has the best bottoming signal, best potential bottoming signal right now and that is it is going to complete a TD9 count pattern today. It's also wave number seven, letter G. So if we get a higher low tomorrow, that'll confirm the wave number seven and as long as we don't close blow today's low, whatever that is, then what we should see is a Great British Pound bounce up to the 1.22 level. So with regard to the US dollar index, yes, it is in a TD9 count top that is going to complete today. We should see the US dollar index pull back, but if it's going to do that, it needs these three currency pairs to participate. Well, let's not stop there. Let's at least go take a look at what's going on on the short term and that would be the 30 minute timeframe chart. So I happen to have those charts. We're going to pull those up on your screen. What do you see of the euro? If we take a look at patterns that are out there on the euro, it also has just formed wave number seven. That is letter G. Let me see. Are we got the same low? That low is 1.0507, 1.05077. So what we need to see in the next half hour, not the one between 1130 and 12, is we simply need to see a higher low. If we do, that confirms a wave seven bottom. That should then take price up to its asset or in change line. That's at a buck five. And it's changing 1.0507 right now. If price can overcome that, then what price would do would re-rally up to 10548. If it does that, because of the weight in 57.6% of the US dollar index, we should see the US dollar index start to back off. If we take a look at the Japanese yen, it's in the process of potentially, we're only four minutes into this bar, but if it does generate a bearish reversal candle, then it too would signal some type of short term top. That would suggest that it would strengthen and move lower and go target its oscillator and change line, which is about 14933. So so far, we've got two of the three. We haven't gotten to the third one just yet. Two of the three are suggesting that we could see, we could start seeing a turn in the US dollar index. If we take a look at the Great British Pound just to finish it off, it is also in wave number seven. Now we need to see a higher low take place there. That would be in the 12 to 1230 session. Price right now is taking on its profile level. So hard to say whether that's going to come to fruition, but peak G, now that we've dialed down into the short term timeframe charts, is where we start to see things turn first out there. There is some potential. So that's what's going on with regard to the US dollar index. We'll have a better feel for this probably overnight and into tomorrow's show out there. So we'll certainly want to take a look at that again. So I hope that'll help you out there peak with regard to the US dollar index. So we've got the next week. Let me close these charts out here. Just get rid of some resources. And let's go to our next request, which is from Hector and a Johnny D who both want to take a look at the GDX. Let's see what screen on that screen. Let's change screens here. Let's do this. I'm going to change the black background screens first. And we'll pull up the GDX out here. And the GDX is got several A to B equal CD patterns to the downside. So let's take a look at the first one. Let's take a look at the main one that does set up out here. So that's going to look like this. The A to B, the A point, pretty easy to identify the A point. So the A point is going to be the high and that took place on May the 4th. Now the B point, some people might say, well see, can't you use this swing right here from May 30th? And I can't. And the reason that I can't is because we see a higher high that takes place after that. And we also see a lower low. So I've got to go in order to properly do the A to B equal CD pattern. I'm going to use the lowest low out here when I can, which is due into 29th. And then because of that retracement, back into the high on July 18th, that becomes the C point. Now, with regard to B points out here, was this passed with volume. The volume was 17 million shares. That was on June 29th. When that was passed, that was passed with 20 million shares. So the GDX has a confirmed A to B equal CD to the downside pattern with the one to one price projection level being 2543. There's another A to B equal CD that could form today, a smaller one with inside the larger one. And that would say that the A point would be where our C point is. The B point is going to be the lowest. See, where's the low? Is that this bar here? 2730, 2727. That's going to be the low of August 21st. And then the high that came in was back here on September 20th. Now, that swing point has volume of 18 million shares. So far, we've done 9.6 million shares in just a little over two hours of training. So this has the volume to suggest that that A to B equal CD pattern is also in play. That one to one price projection gets us down to 2448. So right now, if you get a close blow 2727 today, odds favor a move down to 2448, 2543 area. I'm not saying that's where price would stop. It's all going to be about the US dollar index, which leads us into the discussion we just had with regard to peak G. We know that there's a directional correlation between the GDX and gold. And so if we do get a turn inside the US dollar index and even though we've got these A to B equal CD patterns, odds favor doesn't guarantee it, but odds favor that we would at least see some type of rally along with gold and with the with the dollar point back out there. So you really got to kind of put those three things together to do a proper analysis of the GDX. So Hector and Johnny, I hope that that helps you out. Right now you've got the GDX taken on a swing point that did volume of 80 million shares. That's from August 14th. Right now we're at 44 million shares and we're about halfway. We're not even halfway through the trading week. So to speak, we know they need another hour in order to accomplish that. So you've got even volume pressing up against that swing point. Steve Rhodes with TFN will get back we'll take a look at IONQ, AMGEN, ACST and Microsoft. 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. 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 Pezzavento 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. 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. You take some of the IONQ, this is for ABCD inside the Tiger's Den, Ionic Inc. You can see this form of nice Roadsmith Dementicator, top nice bearish shooting star candle back here on the trade nymph September 12. From there, it was a beeline down until it formed a TD9 count pattern that confirmed yesterday it's completing today out here. And we have a new profile, Dan. So that new profile tells you that your next resistance point, the next battle for this is up at the 1485 level. If price can overcome 1485, which it should be able to do that, it should at least be able to spike that oscillator and change that, which recently changed colors. Now, when it changes from green to red, if price gets up there, test and rejects that line, that would be a bearish signal. But of course, you also want to take into consideration the new market profile, because those are other levels of potential support. So where is the support here? It's between 1343 and 1390. Why between that area? Because it's a bullet-structured profile. And the resistance level we just covered, that was at 1485. If price can overcome that oscillator and change line, then it's going to signal to you and I that wants to make a move to 1929. That's what the daily timeframe chart is telling us. Now, if we take a look at the consecutive days lower out here, it was a gigantic one. So, you know, the odds of that TD9 count hold me were pretty decent. This was seven, eight, nine consecutive sessions to the downside. Well, you should see at a minimum, I would say it would be at least a two to three day rally out there. Watch what happens as price hits those levels. If we take a look at the weekly and the monthly timeframe chart, we just have a good old fashioned consolidation after erosment to mitigate our top on the weekly with inside its profile levels. And that would be between the range of 1222 to 1675. The monthly chart prices back into its bullet-structured profile area. And that's between 995 and 1423 out here. So I would leave you like this, Dan. You're off to a good start. Watch how price deals with that oscillator and change line. Should it be able to get up there? It does have resistance at that 1485 area. So I hope that that helps you out. And thank you so much for taking the time to put in a request. Dennis, inside the Tiger's Den, also put in a request. You want to take a look at AMGEM. And Dennis is interested in the longer term timeframe. So let's start with the longer term timeframe for Dennis. And that is the monthly chart. Now, on a monthly basis, what you have is a good old fashioned consolidation with inside of profile levels. If at the end of the month, price can close above 267.32, that would suggest to you and I that price wants to go target. That road's meant to be indicator top. That's the high from November 22nd out there. We are trading inside that swing point. The volume there was 64 million shares. So far, we are at 40 million shares. So we're trading that swing point with lighter volume. Does that matter? Not necessarily. As long as price closes above the top of that monthly profile, that's going to be your signal that longer term price wants to go test that 296.67 level. Before price can do all of that, now that we step back and take a weekly timeframe chart, on the weekly timeframe chart, do we have an A to B equal CD pattern? Nothing just yet, but if we do get a close above the high of the week of August 18th, 268.24, that would then trigger an A to B equal CD to the upside out there. The volume on that session, 12 million shares. The volume so far this week, we're at five million shares. So last week, as price was trying to do that same thing, was 11 million shares. So we don't really have the volume at this stage here, but more important than that, what price is doing, Dennis, is taking on resistance. And that is its TD9 count breakdown level, 273.83. Let's say forget the volume piece of it. If price can close above 273.83, that's then going to be your signal that price is going to make its way back up to that high that we took a look at on the monthly timeframe chart. Not until that happens would we say that that is a likely outcome. So right now what we can say from a longer term standpoint, price is dealing with resistance, both 267.32 and 273.83. The latter is the one that's going to be most important for price to close above on a weekly basis. On the daily timeframe, what do we see out here? Let's expand out these charts, just take a better look at it. We've had TD9 count top that was negated out here. So that was a positive, but a triggered erodesment to indicator signal. So the next bearish reversal candle out here on a daily basis would confirm a short term top, and that would suggest a pullback to support levels. We don't have that in place right now, but that is something certainly for you to be paying attention to. So to summarize with regard to AMGEN, you're dealing with resistance levels until those levels are cleared out here. You got a bit of a choppy market for AMGEN. So Dennis, I hope that that helps you out and thank you so much for your request. Nancy wrote in and she wanted to take a look at Microsoft. MSFT is a ticker symbol. Microsoft right now, what do we have? Well, we've got a TD9 count much like the Nasdaq 100, the S&P, the ESMini, the Russell and the Dow. What we've got is a TD9 count pattern that's going to form today. Yeah. I mean, it'd have to have a super rally get up towards the 320 level to negate what I just said. So you're going to get a TD9 count bottom today. It will complete tomorrow. What should then take place, Nancy, is you should see Microsoft bounce up to the 321-03-ish area. I use ish because that number is going to change. That's the oscillator and change line. If a TD9 count pattern, you've also got wave number seven. So you've got two bottoming signals. Do two bottoming signals make it stronger than one? No, that's not what I'm saying at all. It's just giving you the second bottom signal that is out there. If the bottom doesn't hold, the next area of support on the way down from Microsoft is 307-59. If 307-59 is passed, we likely have an A to B equal CD to the Dow. No, we will have an A to B equal CD to the downside on the weekly timeframe. Now, the swing point that it's dealing with right now is from August the 18th. In August the 18th, you did volume of 102 million shares. So far for the week, you've done 50 million shares. So it's on pace to do similar type volume as that swing point. And if price goes close below that swing point, ordinarily we'd say there would be an A to B equal CD to the downside. But with Stevie and you need to see Nancy as a close below 307-59. If we did get that A to B equal CD to the downside, oops, sorry, wrong spot. Let's try that again. I'll draw in the A to B line and we'll just simply move that over to where the C is. We'll give you the approximate price projection to the downside out here. That price, the one-to-one price projection would get us down towards a 284-ish level out here. When we look at the monthly timeframe chart out here, the monthly chart is still trading above a key level of resistance. That is the top of its profile. Oh, there's a new profile. Again, okay, you've got quite a wide-ranging profile out here, Nancy. The top of this new profile on a monthly basis, 350-204. So that's going to be your significant support level, a resistance level. Support on a monthly basis all the way back to 234-09 and 248-84 out there. So we don't need to deal with that just yet. You are consolidating with inside that profile. Keep an eye on the daily timeframe chart. It's TD9. Keep an eye on 307-59. Let's take a look at the 30-minute chart. Simply know, because we know we're going to get a TD9 count bottom that confirms today. Well, it turns out on a 30-minute timeframe chart, you have an erosement-diminicator pattern that has confirmed. What price has been doing since that confirmation dance has been trading with inside its profile. So you know that the key resistance level, you need to see two consecutive closes above to suggest that there is a rally that's going to start because of the daily TD9 count pattern that is present. You need to see two consecutive close above 312-63 if you don't get that. Well, then maybe it doesn't start until tomorrow out there. Support out here. Support you've got to use the bottom of that erosement-diminicator signal. And that would be down at 310-02. That is a low for the day. So that's Microsoft Nancy. Hope that helped answer your questions. And thank you so much for taking the time to put in a request out here. The next request, it really wasn't a request, but I put it in my system anyways because just in case I needed a request symbol, and that is for ACST. So this is for Duffy in the dead. Duffy, ACST out here. It formed a nice TD9 count bottom. It did it on the following bar, number nine. That was on September 22nd. Now price has taken out two breakdown levels. This thing is now traded in resistance. It's your resistance level. The next key one is at 297. You clear that, you're off to 376. You write that. Adding stock options to your portfolio can be a major game changer. But the full complexities of these instruments can oftentimes allude even the most experienced traders. 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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. 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 Pezzavento 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. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, 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. To finish out the show out here, I'll just share with you a couple things that I have noticed even though this is a continuous contract for the Nasdaq, just so I can pick up a bunch of data out here. That's not what's important. What's important is yesterday what the NQ did was it triggered a TD sequential count. That is bar number 13 that you see on my screen out here. Those can lead to some significant rallies or moves to the downside out there or just simply not at all. You need to be aware that that pattern is present. In order for that pattern to give you a buy signal, you need to see a close above the close of the bar for bars earlier. So this is going to extend itself for a number of days. We don't have that. But on the NQ for the daily timeframe, we do have a TD sequential count that formed yesterday. We have some additional TD sequential counts. The Russell 2000, which is having a nice rally out here. That confirmed a TD sequential count and a TD combo count a few days ago on September the 22nd. So bar number 41234 out here, that is the trading day of September 22nd and a close above 177650 today will actually give you a TD sequential buy pattern out there. Now that's just simply going to take price up to its asset or change on the 1796 and the price can clear that. Then we would see a further counter trend move to the upside. Maybe it's more than a counter trend move. The semis out here, the semis doing the same thing. They triggered a TD sequential count. It did that on September 22nd. It's bar number 41234. It needs to close today above 33385 in order to trigger that signal. Now, what's important about these counts out here? Well, first, we should expect it to spate a counter trend rally. The best time for that to happen is really between today and tomorrow with all these TD nine count patterns that are present out there, whether it's a US dollar index or whether it's each of the four US equity future contracts. But folks, stay tuned for the great program that we got lined up for you. I'll be back with you tomorrow on terrific Thursday. Please have a wonderful Wednesday. Take care.