 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 day folks. Welcome to the October 29th. The fantastic Friday edition of today's Traders Edge show. I'm your host TV 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's having a great day Hey, let's make sure we have an extraordinary one and the easiest way to do that It's always remember that life is happening for us not to us That's right when you now make that one little two by four shift 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 gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears with those buyers and sellers are communicating to you and I just Pass seven eight o'clock in the morning out here. That's right If you're listening at the normal time frame today show being recorded between eight nine We're gonna make it as pertinent as we can for you if you're listening at the normal programming hour But if you are listening live, I would absolutely love to hear from you So you can give us a call at 877-927-6648 if you can't call in you can always send me an email Send it to Steve at tfnn.com and inside the subject heading Please put radio show question of course in our Tigers Dan well any ping will do so let's go ahead and get this show Started on a fantastic Friday. Of course, this is Tiger financial news network. I'm Steve Rhodes Welcome to let's show clearly got all the US equity futures trading a bit lower the Dow's off by 34 points That's one tenth of a percent the NASDAQ's one that's getting the hit because of Apple and Amazon. It's done 124 points We're gonna go take a look at what all these numbers mean the S&P down 20 the Russell's Basically flat out there if we take a look at what went on over in Europe last night a mixed bag Well in Asia I should say just across the markets in Asia was a mixed bag You had the Shanghai and the DK up a bit and the Hank saying down about seven tenths of a cent 178 points and we take a look what's going on in Europe right now both markets both the Dax and the footsie Those are two that I tracked down a hundred and three and 20, but it's really what are they doing now? Gold is off 13 bucks right now silver down 22 cents. We take a look at in fact Let's go take a look at what I like to look at first and in something that's important for us That is will change screens here. Give me a moment. We're gonna go take a look at what does it mean with regard to what? The international markets we're doing last evening early this morning, so we take a look at the Shanghai. That's in your upper left-hand panel Really what we've got here is price of below that oscillator and change line. That's currently printed at 3748 That's either the target or the other target is the breakout level. That's at 36.01 More likely it's a 36.01 level that it's targeting. We take a look at the hang saying this generated a TD 9 count top Yesterday or this morning price closed below that oscillator and change line Suggest that it should target its breakout level and that's at the 24 310 area the Nikkei closed right down its oscillator and change line So we don't have a clear signal It's really neutral at this moment, but the Dax and the footsie those are the two that we're really paying attention Not that we are going to ignore the other three But really with regard to the Dax so the Dax is one of the instruments that tracks or Directionally tracks the NASDAQ composite and so you can see that its oscillator and change line Change colors a couple days ago when that occurs. We typically see price net line test each other now So far it's been a test of rejection if that's the way that the day ends that is a bullish signal and that is a buy point inside of the Dax and Likely signaling to you and I that it'll go ahead and complete this a to b equal CD to the upside Takes us into the 16, you know 200 ish type area out there But the key is going to be whether or not the Dax closes above 15 528 or thereabouts. That's what the current print is on that oscillator and change line if you look at the footsie Yes, it's pulling back. It's back right now by 20 points But what it is also doing is testing that green oscillator and change line now Its pattern is not exactly the same as the Dax So I'd be more focused on the Dax as far as its signal for the NASDAQ but right now you'd say okay This is going to be a good outcome a bullish outcome. At least that's the message here for the Dax If we take a look at the US dollar index at this stage It's got a roadsman to indicator top price of consolidating in essence with inside its daily profile It did get below the center of that level. It looks to me like the US dollar index It's just a bit of a countertrend move now the euro here yesterday a big move and a question that I have in my mind Is old support which would be at 1.169 has old support turned into resistance because in essence that is where the Euro found resistance that in the case of the Japanese yen It has a TD 9 count pattern is in place this suggests lower price Targeting the 111 20 area, but that could just be forming an A to B equal CD to the downside So how do we summarize this we summarize this by really focusing on the Dax? Understanding that it has a similar pattern to the US equity futures You'll see that as I flip screens here a momentarily and that it right now has a bullish test But it's all going to be about the end of day close not what the Dax is doing at 8 11 in the morning I believe it's about three hours left in trading there So now let's go take a look at our equity future contracts and see what they're signaling to both you and I what you'll notice out here So as we get these charts here populated All right, let me repopulate them the one thing that you should notice Well, there's a couple of things. Let me just get these populated would make a little bit easier So in each case out here each of the four cases, we've got TD 9 count tops We also have roads meant to Mindicator tops out here now My system I'm a bit confused about my system in the NQ So my white background charts ninja trader and they're getting their data feed from e-signal have got a different Daily candle than the one that is showing from yesterday out here So the one if I go back to my black background chart says we closed above that TD 9 count top out there And the Ninja trader chart says it hasn't but it doesn't matter whether it does or it doesn't what you'll notice here Very similar to the Dax if you take a look at the ES mini you can see that the oscillator and change line changed colors about two weeks ago and About two weeks inside the NASDAQ the same thing inside of the Dow now typically what we see when that changes color is a test of that level a test and rejection very much like we're looking at inside of the Dax out there would be able to show come that would be a buy the you know People will say by the blank dip out there That would be your buy the dip pattern if you were training the Dax or wanted to trade the Dax Then as we come into the close out there if it holds that level that would be your Entrant into into that position out there. So we're still anticipating that that's what's going to unfold It's funny not necessarily funny But if we take a look at instruments all around the world here We're going to see very similar patterns to this and some of those instruments for example being gold and silver So let's take a quick tour of a and take a look at gold and silver and that will lead us into our first question They came in from Brent in Martinez, California. He is up early and he was asking about gold in the interday time for periods But first let's wrap our head around what's going on one side of gold and silver and what they're doing as they are also Testing their oscillator and change line levels now. Let me populate these charts I don't know why I've lost all that population. So in the case of gold Brent's looking for an entry point. So that entry point could be the 1785 level. We're at 1787 So we're going to learn some information on this today For sure What happens if price closes below the oscillator and change lines for both gold and silver out here? Well, then that's going to lead to lower price. We have to go take a look at those profile levels But in essence, we've got many markets that are doing the same thing And if they can pull back test to reject those green oscillator and change line on change lines Those become your buy entry area or your place to really add to your positions inside the mining equities But what we'll do when we get back to this breakout here I'm going to put up the gold charts my eight panel set of gold charts We'll take a look at those intraday time periods here Not of which right now are showing us any kind of a bottom signal, but the 60 minute you can see pulling back to its TD 9 breakout level That's at 1785 70 Steve Rhodes with TFNN. We'll be right back What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The test profile scanner is the premier market profile base scanner Powered by its acclaimed task proprietary algorithms, this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the task profile scanner, which you can find under the services tab at TFNN.com Sign up today Are you in the market for buying or selling real estate in the Bay Area? Including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest Decisions of your financial future called 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 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 and 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 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 Call now toll free at 1-877-927-6648 Internationally at 727-873-7618 Good back up folks. We got a couple of callers on the line here Let me just quickly go for The gold contract the short-term time frames here for Brent so Brent I don't have any kind of a bottoming signal There is an A to B equal CD to the downside on the 30-minute chart that would the one-to-one would complete in about the Area that we're at right now, but we've got a wide-ranging bar to the downside So if I look at the 60-minute chart the we've got support at 1785 That's it's 89 breakout level support no bottom signal But that can certainly hold out here and I don't really have much else It's really going to be all about the daily time frame chart It's been signaling to us for the last four or five days that we should anticipate and expect price And that oscillator and change line to catch up with each other That's in essence is what it's doing as we speak right now at 8 19 in the morning And the question is does this level hold and if it holds out here? Well, that is the buy point into a gold the buy point into silver the buy point into mining equities or the place Where you would add to those positions if you are already long, so let's go out to our first caller That's Scott in Colorado Springs Scott. Thanks for calling. Thanks for joining us early this morning. How are you? Good morning, Steve. I'm good. I hope you are I am and that caterpillar is what's on your mind C at is the ticker symbol out with earnings. I believe after the bell last night Trading right now at 206 52 a closed at 20409. So how can I best help you Scott? I? Caught it. I caught it at 197 off of the bounce off the OUL Okay, and I was just Wondering where you saw where you might see this thing going Sure, so what it's going to do here today is take on resistance and the resistance is going to be its weekly oscillator and change line And that right now is printed at 207 70 so it's going to be right around that level So where you have we're looking at the oscillator change line on the daily time frame for an entry into a caterpillar Switch over to the weekly time frame and you'll see that next resistance level if price can close above that Then it should be off to the races and the races should take us now We're looking at a weekly time frame chart, so it'll be over time But then that would suggest moving back to the 244 33 area any questions about the weekly chart No, sir, okay, that's exactly what I was thinking to okay Perfect and so on the weekly chart here folks What I want to do is come back because Brent had a question about gold And if we take a look at this weekly time frame chart what we'll see here is it formed erosement to indicator top and price Pulled back to where it broke out no bottoming pattern here But the bottoming signal was just simply price pulling back to the breakout level the very first thing that I learned in technical Trading from Obi-Wan Kenobi out there was that don't buy don't chase the market let price pull back to the breakout level Well here now we use this TD 9 count pattern because it's an objective way of figuring out where price broke out 194 39 there's not a technician myself Any of us here at TF and anybody else that I know that would have chosen not 194 39 as the breakout level So this is the power of the TD 9 system out there But back to the daily time frame chart here for Scott There's really the the other level on the daily chart that you would be looking at will be 2374 now that 2374 is the breakdown area So we just took a look at Caterpillar on the weekly time frame saw their price pulled back to its breakout level the question That Scott has and everybody else's will Caterpillar breakout So even though we gave you that oscillator and change line on the weekly that in that is the first level of where the battle Will take place in the 207 area if price gets above that then the next battle said 2374 And I would say a close above 2374 doesn't have to happen today Would be your signal that price is getting ready to head higher any questions there No, sir fantastic sound good to me. Okay anything else I could do for you. No, I appreciate it Steve I hope you have a great weekend. Perfect you too. That was Scott kind enough to join us early in the morning from Colorado Springs Let's go to our next caller our next caller is David in New York. David. Thanks for calling. Thanks for holding. How are you today? If I Steve This is a David. That's normally I live in front of my city, but I called you two weeks ago Okay, I'm up here for my niece's wedding Oh, and my brother does the remodeling house and stuff. So I'm up here helping him for a little bit Got a couple questions if I can pick your brain for a moment in phase and then spot my question Okay, I'm interested in the first three days of next week being window dressing Well, as you view your charts In phase hit 227 yesterday 59 and the all-time high of 22904 Suspecting that should take that out between today and next Wednesday My question for that is what projection going forward should I look at and then on Spotify? I'm 270 calls Yeah, and so I'm into money on that But just what what the next three they just give you an idea the next three days Or first three days the next week. I'm looking at forward projections of both of these Sure, so I wish I could I wish I could could tell you exactly what's gonna happen day by day here But let me tell you what information we have available to us right now So in the case of n-phase it wasn't yesterday's information It was the day before that really generated the confirmed a to b equal CD to the upside So it's a big wide-ranging bar really accelerated volume that was on October 27th And what that does that gives us an a to b equal CD to the upside So the first price projection David is 236 07 now in the pre-market is trade right now 223 75 So it's pulling back just a bit But the message here in as long as price stays above 201 50 the message here is price should go target 236 07 I would say more likely than not because that big wide-ranging bar that this will be more than a one-to-one a to b equal CD to the upside But whether or not that's my inclination right now as a price approach to that 236 level If you were to see some type of bearish reversal candle That would be your signal of at least a short-term top out there So you'd want to take that into consideration. We don't have that pattern as we speak right now So more likely the target is 236 to 261 I can't tell you if that's going to be by next week Tuesday Wednesday or not But that is so your thoughts are that this should continue to hire Yes, we're gonna move into window dressing and this has a confirmed a to b equal CD to the upside So yeah, I think I think that's its message if I take my white charts over here real quickly Just see if there was anything else that occurred yesterday on the daily. No nothing So Enphase looks like it wants to move higher out there and I'd be hard-pressed to try to come up with something to tell You otherwise so any questions about Enphase and it's price projection so far I'm good with that. We're on time. Okay, perfect. Let's go to Spotify now SPOT folks if you're following us at home trading out at 287 51 in the pre-market pulling back just a bit looks like we also have a confirmed a to b equal CD pattern So the b-point was September 7th did volume of 1.8 million shares and that was passed with 3.9 So here we go. So let's do the a to b equal CD pattern which confirmed to the upside Let's go see where its first price target is and the b-point out here that I'm using folks is from September 7th And the c-point looks like it's the low on September 30th So it's already achieved the one-to-one area did with a fairly wide-ranging bars So the next upside price projection level for Spotify is going to be 297 26 Above that it would be 318 68 the difference between Spotify and Enphase is that yesterday was bar number 9 of a TD 9 count Now we've got the confirmed a to b equal CD to upside a TD 9 count top Can form on bars number 9 to the bar following 9 So whatever today's high is if it's above yesterday's high That's going to be a critical level that you watch because any clothes above the threshold level of the TD 9 count is going to suggest higher price Do me a favor David. We're just about to go to a break here I want to make sure I've answered all your questions. Just stick through the break. We'll come back We'll finish off Spotify with David in you know Panama City or New York He's a traveling man. We'll be right back Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a Frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at TFNN.com TFNN educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out TFNN and Tiger TV and get expert investing advice to give you the power to control your financial future Go to TFNN.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead TFNN also features trading services with a 30-day money back guarantee for new subscribers As well as TFNN's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on TFNN.com or TFNN's youtube channel for live Financial content from 8 30 a.m to 4 p.m eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be TFNN educating investors TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month 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 dot com Here it's in a confirmed data be equal cd to the upside next price projectionary about 297 26 and David is trying to Understand hey, what's it going to do in the course of the next couple of days out here? Now you said you're in the money on this trade here And we again we identified yesterday was bar number nine of a td nine count And that says that either today's high or yesterday's high could be could suggest that we see a retracement So I would be more inclined You said you're already in the money on this to maybe take that trade off at the end of the day Just see how things trade out here. They you know because you don't have much time here on this That is that kind of makes sense. I mean you got to do what you want to do Right. Yeah, that's that's what I'm ignorant of the I've I've followed your surf a long time learning the you know td nine and stuff Um, I don't do anything technically with that. I just listened to you and follow what you said about that Um, I went because of traveling. I don't have my normal Um, you know instrumentation and computer setup and all that so, uh, I'm I'm by more time with this I wanted to never in the 19th and I mean I'm I'm up Okay, okay Well, because you're asking about two or three days, so november's a different november's a different story then So so at this stage, let me let me pull this back what what it looks like it wants to do Let me switch over to a different set of charts out here So the next real resistance level outside of the td nine count top inside of spotify is up at 337 42 so, um You know as long as you can look so so in that case you've got the time I wouldn't go ahead and take that position off then at the end of the day I'd want to see at what proof that the td nine count top is going to in fact take hold out there So I'd probably wait till monday. Maybe you know if you've got the time on monday or tuesday Give me a call and you know retake a look at it Um, because I don't see anything really negative other than the fact that you should expect and anticipate some type of retracement Good deal. I'll definitely do that. Um, probably middle of the week and sounds perfect Get a little bit more data in your system and and uh, see where we go from that I really do appreciate your help in your perspective I was a guy that called in two weeks ago about vscaler when it was two 92 And you know, we had to take out the 293 40, which it did and you gave me a perspective, right? um, uh A price objective of uh 305 ish And man that thing just kept looking sweet, you know technically and uh, I cleared about third almost 13 on that Oh, perfect. Perfect. Because it you know, it it's three 17 and changed. Uh, what's the symbol on that dad? What's the symbol dave? That was vscaler The Go ahead. What is it? That was zscaler zs Zs zs. Okay zscaler z. Yeah. Yeah. Yeah. Well, hey, I'm glad to hear that it worked out Prices running right into resistance right now brand new profile that formed yesterday So the next level resistance in this battle is 3702 if it can clear that then you're off to the races and uh Glad that my information assisted you with that trade So I'm one for one and I think I'll just shut down the show right now There you go Take them while you got them. Hey David have a great weekend. Thanks much for calling and we'll look forward to speaking to you next week All right. You as well man. Have a good weekend. You bet. You bet Uh, I believe there's another question I've got. Let me just uh go take a look at that before I do that Though I did switch to this nine panel market update chart That's what I use when I do the one o'clock update and the two o'clock update just gives us a real Clear picture as to what's going on inside of the market So we already talked about how gold and silver were targeting their oscillator and change lines Those tests have already taken place out here. We see that gold right now is still trading above the center of its That's the center panel by the way The dead center panel out here is trading above the top of its weekly profile So that's the number you're going to want to watch today closed above 1774 60 will be two consecutive weekly closes above the center And that would suggest to run to 1838 But price first has to take out its resistance level shooting star High of 1815 50 out there But what I was really pulling these charts up here to for each of us to take a look at was the spot volatility So that's another key thing really for you to be watching. So it's 834 in the morning What is the spot volatility is doing at 134 in the afternoon if it is below right now that print is 1818 So it's going to be 1818 1820 as your target if price is below that Well, then you will have seen the spot volatility to accept test to reject It's 50 day expense moving average that is bullish for the es mini But even though I say it's bullish for the es mini the es mini has got resistance at 45 90 The other thing I wanted to be make sure that I shared with you Is that the nq? Is attempting to form a new daily profile now you only see two lines out there That's because the center often sometimes will also show up either at the top or the bottom typically at the bottom That's at 15 324 8 so at 15 324 you've got significant support Now it's perhaps that the nq is going to go target that level See how yesterday's bar on this chart here shows a close above the prior days highs out there If in fact that was the case and again, I've got you know, I've tried Just didn't have enough time this morning to sort this out and figure out which chart was correct But that would negate those topping signals nonetheless And this is a new profile that is attempting to form So I'm using my advanced Doppler tool out there. It picks up profiles early the data is correct I just don't know whether we'll hold throughout the day But right now 15 324 support 15 726 the other thing I wanted to mention to you is this profile has formed above the prior profile The low is above the prior low the high is above the prior high It's just telling us about a continuing uptrend from a profile standpoint And that remains in effect unless price were to close below the bottom of that profile as long as we're here Just take a look at instruments. You've got the natural gas that is also attempting to form a new one did got my apology did Form a new daily profile. So it's key level price right now is testing the top of that profile So when this profile formed it was below price and that's a bullish message And as long as price holds the top which is 567 Then even though we've got a topping signal out here Uh, then the signal for natural gas would be neutral to bullish If price closes below 567 Well, then you've got to anticipate a run back to support and the support is going to be between 519 to 531 If you take a look at the 30 year treasury, that's in the bottom right out here We can see that price did get above the top of its daily profile But that was only a one day wonder yesterday closed back below it and now price is testing that countertrend area So if in fact t-buns are getting ready to explode to the upside then price should hold 159 18 If price closed below 159 18, then we're looking to move back to the 157 14 level So it's not clear as to which direction T-buns and the reason because when we close above the top of a Bearish structured profile, which is had on a daily basis out here Granted it didn't do it for two consecutive sessions, but right now the pullback is right into where you would expect the countertrend move To move down to so you've got to really watch the 159 18 throughout the day Light sweet crude yesterday just pulled back and tested support. It is still in a bullish mode out here It's got a new profile 81 24 support resistance at the 84 48 level So is there anything else on this set of charts here? No, there is not So just wanted to make sure that I covered that now Let's go to our next question that came in and that is from hector and the fuel injector So let me get to the question out here and hector whoops Hector writes in happy fabulous friday back at you My my friend nvidia abc up on a weekly basis Okay, did this negate the td9 count and is this a beautifully strong looking a to b equal cd to the upside So, uh, let's get let me see where nvidia is trading here in the pre-market nbda Is the ticker symbol trading right in the last trade fired off at 250 58 That is above yesterday's close out here when we come back from this break We're going to have the a to b equal cd patterns in here for nvidia for hector And patty would love to hear from you as well eight seven seven nine two seven six six four eight You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk free with our 30-day money back guarantee and become part of the tfnn trading community Educating investors Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment Properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727-329-83222 Or email us at tiger at tfnn.com that's 727-329-83222 call us today Are china a shares hot or not? If you trade china a shares now may be time to take a closer look Trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv Take a look at that nvidia nvda is the ticker symbol this is for hector and uh paddy and hector is asking me about an a to b Equal cd pattern, uh, and he specifically mentioned the weekly time frame and as I and that's the center panel chart out here And so hector as I look at the weekly time frame chart There are so many different a to b equal cd patterns that we could draw in here And uh as we could draw the one that you had selected we could draw others and so when that happens I and I get confused right as love which one is the proper one What I do is I I try to get that smoothed out And so then I go to a larger time frame and when we take a look at the monthly chart We take a look at the a to b equal cd pattern for me. It's really simple In fact, let me just let me get rid of it. We'll just redraw that in here For me it just stands out with regard to the swing points and that's really what it's all about So for the monthly time frame chart because you know what do we use monthly or or weekly? Well, the monthly really straightens things out at least in my mind So the a point is going to be the low uh from december of 2018 And the b point is going to be the high that took place on uh, february of 2021 It was retracement just a one month retracement down to the low on march of 2021 And now what we can see here is that on a monthly basis price has exceeded the one to one price projection There's a couple of different things. Let me just simply expand the chart out here We'll use this as kind of a educational moment So I would hope that everybody at home watching in out here would have chosen the same a to b equal cd levels out here And uh, and if so What we can learn from this is first of all the retracement was only a 31 percent retracement So less than even a 0.382 retracement and all you have to do is just picture taken a rubber band wrapping it around one of your fingers Until it cuts off the blood flow only only on only uh, pull it back about 31 percent And then let that rubber band go and what kind of energy is that compared to wrapping it around just as tight Back enough for example 61.8 percent And letting the energy go which one has the more which one has more energy? Well, obviously It's the one that you only pulled back 31 percent. Well, that's what it also does with regard to that c to d leg Right if you've only pulled back just you know 38 percent or in this case here less What that signaling to you and i's this should do more than a one to one a to b equal cd 60 percent of the time Roughly speaking you get the one to one in this case here clearly It's more that the second element is the fact that we maintain you've got to maintain the exact same angle on the a to b As you do the cd look you don't have to But for those of you that want to master the a to b equal cd pattern You would maintain that same angle because what we want to understand Is it price on the strong side or the weak side the strong side in a up pattern is going to be the left side And the weak side would be on the right side Well, what is on the left side of that c to d line that also tells us about a stronger than a one to one a to b Equal cd at the upside so longer term hector is correct This does look beautiful. It looks like it wants to go target 271 maybe 314 But hector's question was also asking about the short term time frame We're really the td9 count and that td9 count pattern that The the high of that is from the trading day of october 26 So hector that makes 252 59 the level that price then needs to clear in order to negate that pattern out there So that's what's going on inside of n video if I pull over the daily time frame chart Let's say that this td9 count pattern takes hold where would price pull back to well? That's an easy one. It would be the oscillator and change line which is currently printing at 232 76 now Is that what it's going to do? Well, first, I don't know But second I don't think so So unlike when we took a look at gold and silver and we took a look at the e s the nq and the ym They all had oscillator and change landed to recently change colors Well in the case of n video it did that too But its test took place in the trading day of october 15th So you'd have a valid topping pattern typically valid topping patterns take us back to support Well, there's no profile level that I mean that's way down in the 206 or 211 area So 232 is still open if it's going to take hold But if n video was going to take hold we'd see it inside the interday charts out here And I just don't have those signals To suggest that that is what's really unfolding out here So watch that high if price takes out that high from two days ago on wednesday Then it's definitely off to the races to the upside. Otherwise it could be a bit of a rocky road out there And so do that to ask a question Is it possible that this market could go down at month end and on a friday? Uh, you know, the signals are there. So it's a great question The signals are there and that it should do that but When I say that again, let's just go back and quickly take a look at the four panel If I can find it here our equity futures. Let me change screens out here. So we get to that Everything is in place Maria for that for that outcome and again, that's just nothing more than those oscillator and change line levels That are waiting for a test very much like a gold and silver So if we're getting to switch over to those charts here, just go take a quick peek in On what's taking place there and if we take a look at the golden silver charts out here We'll see how price right now is testing that oscillator and change line We've got a rejection in the case of silver in the case of gold It's trying to make up its mind out there. So Can it go down? Absolutely because the the pattern is out there, but it's a great point Hey, it's a month end window dressing a time over the beginning of next week out here So so we'll see I could better answer that question for you. Do that. I think if I knew whether Where yesterday's close on the nq was because I've got two two different two different Two different elements out there, but if I go take a look at the nq charts, let's do this This is a good idea. We take a look at the let's let's answer Let's try to answer this question based upon the information that we've got at 848 in the morning. So here are the nq charts and let them pop. No, that's natural gas. Sorry about that Let me get to the actual nq charts out here No, she's so they're going to populate here momentarily So steve is going to go to game plan b until that pops up on our screen. Why isn't that doing that? There we go nq. Let's see if this happens there. There we go Okay, so the nq is going to pop up here and really what I'm interested in is seeing what the short-term time frame Signals are showing us. So the first short-term time frame signal is going to be that 30 minute chart So on a 30 minute basis here, we're going to let the charts answer that question So what do we know about the nq other than its weakness as a result of amazon and apple? We haven't even taken a look at where those stocks are trading relationship to their profiles But here's what I would be focused on folks during the day and that is at 15 591 75 So you've got a nice on the 30 minute basis a nice rogment and indicator top Price pulls back to test the support level did that at about 6 30 this morning didn't get all the way down there But got down close enough and if price can close above so the parameters right now at 849 are if the nq Can close above 15 647 that's going to suggest a further rally if it can't And then it may be suggesting that price will tag 15 591 75 But here's the deal if we see price close below 15 591 75 Then price should make a run for the 15 5 13 level now if we take a look at the other interday charts here So that so we have the parameters are already established for us Luckily by the charts and their signals and information We see the 60 minute chart similar type pattern similar breakout level at the 15 591 level the same thing on the 120 minute chart So I would throw out to everybody out there that 15 591 75 is going to be the key battleground for the nq And if that level fails that's going to suggest lower price if the nq is going to move lower It can most certainly take the other markets lower out there. So that's the best information I've gotten the other piece of information Is going to be where does price? End up in relationship to its 50 day exponential moving average, which is about 18 18 20 If price stays below that well, then these markets can absolutely continue to rise Steve Rhodes with tfnn will be right back The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30-day money back guarantee Just visit the newsletters tab on the front page of tfnn.com tfnn educating investors Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room Only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tiger's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors Are you looking for a secured investment? 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That's 877-518-9190 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to dfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv Welcome back up folks. Thanks for joining me this morning here. I got the dow equity futures down 71 Nasdaq's off 147 s and p is up 25 Let's go take a look at a couple of those instruments moving market slower out here apple right now Apple's trading out in the pre-market 146 98 the bottom of its daily profile. That's the support levels 146 71 So at this stage of the game Apple is disappointed But price is pulling back to a test of level of support the bottom of its daily profile If that is unable to hold price then you would expect price to pull back to the 144 01 area that is the bottom of its weekly profile It found resistance yesterday at the top of that weekly profile. So 146 71 and 144 01 Those are the key levels to be watching amazon also out with the numbers as we take a look at amazon in the pre-market She's trading out at 32 87 closed at 34 46 last night now 32 87 It's going to take price back below its daily and weekly set of profiles 32 87 It's going to take us into The october 25th swing point out there And if price gets below that the low there is 32 97 So we're 10 bucks below that as we speak right now But if price closes below that level Then what we're likely going to see is a move back to its swing point from the october 4th area and that's at about 31 76 so you've got amazon trading below both weekly and daily and you've got apple That's not i believe x on mobile also out with earnings out here x on mobile closed out their session last night at 64 31 price to trading up at 65 33 That is above the top of its daily profile. It's above its weekly profile and Looks like it's going to go target its swing point from october 26 out here just a couple days ago that high 65 94 again you're trading the pre-market at 65 30 folks. Thanks so much for joining me here live stay tuned We've got great programming throughout the day. Happy halloween to everybody out there. I hope you get your favorite candy bar And hopefully it's one of those big ones out there, but be safe Hand out lots of candy. That's for sure because everybody needs some sugar. Don't they but have a great weekend and we'll see on Monday Take care folks Building wealth trading in the stock market seems impossible to most people They think it's too volatile and risky Most people aren't going to take the time to educate themselves on how to do it right But you're not most people are you at tfnn You'll get the guidance you need to refine your strategies and techniques to invest like a pro Because you'll be a pro All tfnn subscriptions books software and courses are available at tfnn.com And i'm even going to tell you how to get them for less Use tfnn's tiger dollars and you'll get up to a 20 bonus on your purchase And once you apply them to your account tiger dollars are automatically used for all future or recurring charges Tiger dollars also never expire are fully transferable and are a great way to add savings to your newsletters or services Become the investor you were born to be at 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? 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