 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 afternoon folks welcome to the May 26th the terrific Thursday edition of today's Traders Ed Show I'm your host Stevie Perseverance Rhodes who absolutely knows any jiffus should always be pioneers of our future versus prisoners of our past hope everyone out there is having a great day hey let's make sure we have an extraordinary one of the easiest way to do that it's to always remember that life is happening for us not to us that's right we do not make that one little two-by-four shift means we can find the gift in every set of circumstance that life is gonna toss at us now today you and I we're gonna go check on the circumstance of these markets we're gonna go figure out what those bulls and bears what those buyers and sellers are communicating to you and I just past one o'clock in the afternoon I do want you know I'm absolutely grateful for your presence here but more important than that and that's this during this next 60 minutes I'm here to serve you so feel free to pick up that phone you can give us called 877-927-6648 if you can't give us call you can always send me an email send it to Steve at tfnn.com send it early please and in that subject if you be kind enough to put radio show question of course in our Tigers double any ping will do but Stevie prefers those private pings just easier to keep track of your request so let's go get this show started on terrific Thursday of course this is tiger financial news network I've Steve Rhodes welcome to less show right now we got all the U.S. indices trading the upside it's a green machine out there the dollars up 612 points nearly two percent S&P up 92 two and three tenths percent nasty 103 and two tenths 379 points Russell's up 47 two and six tenths four and two tenths or one tenth of a percent for the semis are up 118 points trannies are up 3% spot ballistics is trading blows 50 day exponential moving average that puts the wind at the sales for the S&P 500 and it should continue to move higher but it's really going to be about the 4 o'clock close not the 108 timeframe that we're talking about so I'll give you the numbers pay attention to and you'll want to watch that going into today's close gold is up 80 cents silver up 11 cents lights recruit up a buck to natural gas up 32 pennies today is going to complete a TD 9 count top four natural gas now one of two options here either price starts trading above today's high tomorrow tells you about a strong limit to move to the upside then you do not want to step in front of that train to the downside or we get some type of retracement maybe back to its oscillator change line or maybe the top of its daily profile 30 treasures off 12 ticks he's trading out at 141 15 lead the charge dollar wise the upside amazon 114 points booking holdings up 102 auto zone up 71 you've got Mercado Libre up 64 google's up 60 bucks to the downside it's Molina healthcare on 14 bucks or 4 sba communications off six bucks or about 2 metronic plc is off five bucks or four percent out there so we got plenty to look at of course i want to look at what you want to look at let's begin by taking a look at the equity future contracts we'll switch over to our white background charter we'll look at the daily timeframe and see what kind of information they're providing to both you and I what we know here is that if we take a look at the s mini the s mini is trading above the top of its bullish on the center I should say of its bullish structured daily profile it's going to first go target 4095 4095 is the high from the trading session of what day was that let me get my cursor out here that was from the high of may the s 17 and if price takes that out it's going to go head up to the 41 68 level to the top of its daily profile and i'm not saying that is where price stops i'm also not saying that this is a one-way one-way ride to the upside we'll take a look at the interday time period charts out here because i know the 30 minute charts across the board are telling us to expect or anticipate some type of short-term top to form between now and to 30 out there sorry that's the best that i can pin it down which is an hour and 20 minutes out here if we take a look at the nq the nq is likely going to go target at least first 12 594 that's its most recent high again from that same candle cester i believe it's the same date but let me just confirm that for you that would be from the day of may the 18th out there now as price gets up into that area you'll also see a black dash line believe we're on the right charts let me make sure yep and that is the center of its bare structured profile that is where it starts to get a little bit bumpy for the nq and that's between 12 622 and 12 995 if we take a look at the dowel the dowel is on its way it's really dealing with the high from that prior swing point that happened to be in the dowel's case so the ym i should say was on may 17th side that high out there was 32 692 we're trading at 32 689 odds favor the price going to make a move to 32 875 is that it is at the end of the move likely not but that could be a place where we start to see some type of short-term bottom out here if we take a look at the Russell 2000 she is or he is trading above the top of that daily profile and it is trading above the swing point from that was uh april may 18th i should say at the 1841 level so you get a close above 1841 60 where price probably takes off and heads to is the top of its uh consolidation at the bottom i should say that the consolidation are broke down through and that's the low from september the second so that next price objective to the upside for the Russell would be at the 1882 level now i mentioned a short-term top that could be forming out here or should be forming out here and that was coming from these signals from the 30-minute time frame charts so we'll go take a look at those then maybe we'll take a look at a couple of questions that have come in don't want to get behind on those then we can go back and dig into the details give you the play by play the harming killabrew version of what's going on from a short-term standpoint hey anybody know the nickname of Harman i know you had two nicknames out there i know one of them does anybody else in the listening audience know what Harman killabrew's nickname was pretty easy but if we take a look at the 30-minute time frame charts out here you'll see that each 30-minute chart form bar number eight that's right bogart dog the killer and he had another one right there was something Harman it was Harman Harman Harman was something out there i can't remember what it was uh slammin not wasn't slammin but the killer was his primary nickname out there and uh great first baseman by the way hammerin hammerin harman that's right thank you jay out there so if we take a look at the play by play you've got bar number eight that is forming inside of the 30-minute time frame charts now odds favor that is going to go ahead and complete bar number eight if it does complete bar number eight because we're at the highest longest bar number nine completes which means it has to close above the close of bar number five out here then you've got a td9 count top and that would then suggest that price would pull back or the first target on a retracement would be the oscillator and change line now these values are going to change slightly between now and 230 out here but to give you a guideline you're looking at about 4045 for the es mini 12202 for the nq 32559 for the ym the russell 2000 about the 1836 level so we got a bit of harmony out here how did steve come up with harman kilibrew oh it was the harmony that we're taking a look at here inside of the 30-minute time frame charts so we just have a few seconds before we go to break let me do this here let me let me pull up real quickly if i can we'll switch some screens out here we'll give you the real play by play for the nq out here and that's a multi time frame charts and we begin by taking a look at what see if there's any other signals or any other time frames out here really the 30 minute 30 minute time frame chart seems to be the driver out here i do have a topping pattern in the five-minute chart but really looks like the 30-minute chart is going to be the driver now folks you get a td9 count pattern between now and 230 if price starts straightening your clothes above the high whatever that high is that tells you about a strong momentum move into today's clothes getting closing at today's highs which we have to see steve rhodes with tf in it in the time of booming inflation we are purchasing powers eroded there's no better place to protect your hard-earned money than ain't gold vista gold's flagship asset is the monttodd gold project in the northern territory of australia this is australia's largest undeveloped gold project we are talking a world-class gold project in a tier one mining district this is a large scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction vista gold just completed the monttodd feasibility study which resulted in a seven million ounce gold reserve in a 16-year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes monttodd as an attractive dearest partner ready development stage gold project vista gold trades on the new york stock exchange under the symbol vgz steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors 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 market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis in our gear 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 toll-free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks that was up 600 scp 87 points let's get to our first question first question coming in from uh brenton martinez california brenton writes in he'd like to take a look at he went along the soxl that is the uh semiconductor uh 3x out there at the open today and uh he says i'm sure you want to look at the smh absolutely so we will and you'd still like the numbers on the soxl for support and resistance so let's give brent to all of that let's start with our three panel market update our three panel multi-time frame set of profiles out here so first with regard to the smh's price is about to run into resistance brent that is at the 237 60 level that is the top of its barestructured daily profile close above that would be a bullish signal and that would then suggest to move up potentially to 256 29 area you're looking for support and resistance the daily support is 218 42 the weekly resistance levels 256 29 price is attempting to get back and close within side the monthly profile out there last month it was a close below so if it can save itself by close above 234 31 uh is it next tuesday is next tuesday i don't know when the end of the month is here if it's tomorrow on friday or if it's uh next tuesday well um i think the 31st is monday so it must be tomorrow is the end of the month so brent you'd love to see this close above 234 31 out there so that's on the smh's you also want the same information for the soxl so let's go put that up on our screen here and as we take it then we'll go switch over to the multi-time frame set of charge for the smh's see if there's any additional information so in the case of the soxl resistance would be the top of its daily profile that's a 2407 support 1898 the resistance because price is trading below its weekly profile the only thing i provide to you there is 32 28 and that would be resistance and on the monthly time frame it would be because prices below the bottom of its monthly bowler structured profile 3191 would be the level but those don't pay attention to those maybe the daily are okay but the weekly and the you know if you're trading the three x's no problem with that just just go to the one x version because that's going to provide you with the best information speaking of providing you with the best information that means we should go take a look at our multi-time frame charts out here we should give you the play by play now here we'll just take a look at the monthly time frame on a monthly time frame what helps us out with regard to the smh is that price formed a roadsman to indicator top that entitles price to pull back to sport the case of semiconductor index that's what it's done in so far itself and that number is at 216 14 price close to below that we've got a different scenario going on but that's not the scenario right now on a weekly basis with regard to the smh is you can't see it here it was on the black background chart out there and that was this that was that there was a three drive to a bottom pattern the first drive was the week that ended january 28th the second drive was the week that ended march 18th and that leads to the exact third drive which was made the 6th and that was confirmed the following week with a bullish hammer candle so you've got a confirmed weekly three drive to a bottom pattern now jeez on a three drive to a bottom pattern Brett you can get all the way back up to where that began if you want to know where that began that's right here on this candle session basically i'd say it gets back to the uh january 21st high out there the week of january 21st but let's just take things one step at a time we can see on a weekly basis in the smh the oscillator and changeline changed colors about four or five six weeks ago that is the upside target right now on the weekly time frame if price can get above that then that's telling us about a move up into the 270 16 area notice how i skipped 256 29 the bottom of profile that's because when you trade below for two consecutive bars below the bottom of bullish structure profile what typically occurs is price will make a counter trend move up to that center line and that's at the 270 16 level so if the smh can take out the top of their daily profile not far from doing that that's at the 237 60 level then brenton the bigger picture you're looking at that move potentially to 270 16 that is if price can close above 244 15 out there with regard to intraday time periods out here the 65 minute chart uh it says that uh you had a teeny nine count pattern that formed if price is able to close so that that bar finished at 1245 this bar that's in it will be 150 in the afternoon about another 30 minutes about another 28 minutes to be exact if in 28 minutes price close above 236 27 the teeny nine count will not even have had a hiccup and that tells you about a strong momentum move to the upside but that being said resistance is not far away 237 60 followed by 244 13 other than that brent i don't see anything here the 30 minute has already negated its teeny nine count top so that looks pretty strong out there so i like the trade best of luck to you and it looks like you've got more to go in the semis but you're about to run into a resistance area hope that that helps you out the second question coming in from dentis g dentis wants to take a look at ticker symbol let's get this fired up here r t l r oh he's got a twofer and he wants to take a look at ticker symbol ee so let's take a look at the first one out here and the first one again being r t l r r t l r which is it's just loading up on my screen utter surprise it's taking so long that is rattler midstream lp i can share with you that price is going to uh form a td nine count top this month and the pattern may complete next month remember it's the pie of bars eight nine or the bar following nine that could identify that top well considering the weekly chart here is a trade above all resistance it suggests to me suggests to you that the td nine count top does not complete itself in the month of may we've hired to go is what the weekly chart is telling us the daily chart is really saying the same thing today is going to become bar number four you're above profile levels out there there's no topping pattern in place as we speak right now so it does look like the rattler wants to rattle the cages to the upside and the price target looks like a td nine count breakdown level that comes from the monthly time frame at nineteen eighty seven you're trading at sixteen thirty six now and they play by play version you've got a 30 minute td nine count top with price below it's the oscillator and change line and it looks like below a profile this suggests a further retracement the hundred ninety five minute time frame chart has a completed td nine count top it to a suggestion to further retracement in its um target will become 1555 or thereabouts the oscillator and change line 15 minute as a td nine count top out there price could be another price a place of support could be 16 26 so for support right now we've got 1626 and 1555 out there longer term though things look more bueno for rattler so the question is oh did i even oh yeah okay good i did switch over to those charts so let's go take like a double e out here and see what e is for dentists i'll get that going on my black background charts while the white ones populate what i can share with you i know this looks pretty good too this is accelerate energy ink now this is an ipo it looks like an ipo or maybe it was a reverse merger i don't know what it was but April 13th is the first day that i've got 2022 data for so we're really limited on data however what we can share with you come on populate daily populate there you go so in the daily time frame out here dentists you can see that price is trading above the top of its bearish structured daily profile that's at 2706 the price closed about 2706 today that is a bullish outcome what does that bullish outcome tell us a bullish outcome tells us that price could go target this swing point from April 28th that high out there is 2797 now price is already trading into that swing point that swing point at buy of 1.3 million shares you're trading into it today with 414 thousand shares so that's going to be a resistance but if price can clear that then you're back to it's all-time high that was the trading day of April 18th and that high out there is 2910 130-minute chart shows its account top price might pull back to 2656 out there 2640 those are your targets to the bounce up under retracement Steve Rhodes with CFN and be right back and i'd love to hear from you if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i published a gold report with coverage of gold silver bonds the xau hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room 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 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swim banner on the front page of tfnn.com welcome back guys folks we got the dow up 568 s and p up 83 nasdaq 1003 45 let's go to our next question out here this one coming in from hector and the fuel injectors and hector wants to take a look at google happy thirsty thursday he says and back at you what is the weekly target to get a bullish reversal at the d-point for the weekly timeframe for google well what you'd really need here is you'd need a right now it looks like the candle that could form would be a bullish hammer candle so what we have out here is you had an open this week at 220208 so what price is going to need to do is maybe and you don't want to get much higher so i would say price would need to close at about 22 37 38 36 40 somewhere right around there that would be about it and that would give you a small bodied candle and could be the bullish reversal candle that would complete an a to b equal cd to the downside and then if we get that what that says hectors you should get a price move up to its oscillator and change line and that would be at 2450 now there's real possibility that you could get that we won't know until close tomorrow out there the weekly timeframe two days ago formed both a bullish hammer candle and a bearish gap to the downside so what that tells us and you never know it was the bullish hammer candle the candle signal or wasn't the gap to the downside well here's what we can say both hector and i know that if price were to close above 21 8309 that is the low of the day prior to that gap to the downside in other words the low of may 23rd out there if we close the window we repair the broken window out there by closing above 21 8309 that suggests that price moves higher and that that was the hammer candle that was the signal from two trading days ago and that could suggest that in a case of google that suggests it would tell us that its price target would be 2375 that is the center of its bullish structured profile out there and you've got 2450 as the offsetter and change line from the weekly time frame so that would be your range so i would say that hector and patty the key level to be watching whether today or tomorrow is going to be 21 8309 you get a close above that you will repair that window and that will suggest higher price so hope that that answers your question again i'm just guessing on the bullish hammer candle for the weekly but that's the best guess that i can give you as of this moment next question coming in from eddie eddie and voker atone and eddie of course one of his favorite stocks is nvidia nbda we took a look at that yesterday right and i think i gave you some downside price targets and some much upside price targets i think the downside was the bottom of its daily profile and boom voila there you go so what happens now i'm not talking about post market pre-market when all the crazies can be out there i'm talking about the cash market here which is where we take a look at these profiles so as we take a look at the profiles priced open today at 160 36 the bottom of the profile 160 50 you gotta love it so the profile is held now in the case of nvidia eddie our price is above the center of its bullish structured profile above some descending trend lines are you looking at this shoot you're not hold on a minute here steve steve steve i hit myself with my own two by four but right now i was taking a look at those black background charts out here so now you can see it eddie can see it we can all see it out there and that price target being that 180 950 to the upside out here now the weekly time frame chart for nvidia has not completed a you know it hasn't completed the a to b equal cd or not it's close but i think it's no cigar i mean it did form a bullish hammer candle so hector you're really looking you know for some kind of candle look like it was about three weeks ago for nvidia out there but you know the the low of that session 157 55 149 49 is the one to one a to b equal cd so i don't know what i can't share with you and your specific question is do i think that uh that we've bottomed you say if we bottom in the nq because we should be done with nvidia earnings well no no you're you what you say you should be done what do you mean buyers and sellers are the ones telling you where you should be right so buyers and sellers are saying no price held support bottom of a bullish structured profile you're now above key resistance level so price should go target 189 50 out there could this be the moment that the selling has finally dried up yeah in the short term but longer term are you asking me do i think that we're headed lower yeah i do at this stage of the game do i think that today is the sell signal for the next leg lower no not at all and i don't think it's tuesday either or wednesday that doesn't mean we're not going to see a market move lower it's just that i don't think that we have seen the top to sell into out there but with regard to nvidia uh let's go take a look at his white background chart see if there's any additional information that i can provide to you since i know that you trade this out here go see what its other signals are saying so here you got a nice td nine count on the monthly basis prices found support that's the bottom of its monthly profile eddy and that's at the price point of 178 you'd love to see that hold here on the weekly chart i expended out you can see the a to b equal cd to the downside again you'll see that price has not really made its way all the way down to that level uh that does not mean that we haven't formed some type of a bottom we certainly have a bullish hammer candle and now you've got a bullish engulfing so buyers are telling you on a weekly basis eddy and this is what's important buyers here because and this is how they speak to us they speak to us in a language and that language is japanese candlesticks out there they're telling us they're certainly attempting to form some type of short-term bottom and price can easily bounce all the way up to the 292 16 level that's its offsetter and change line of course we're saying 231 60 is more likely an upside price target out there you trade at 179 right now as we look at the intraday time period charts out here what do we have a 65 minute td nine count top but at price trades above closes above the high of that pattern and that's at 179 95 tells you about a strong moment to move to the upside quite frankly the intraday charts are telling us about a strong moment to move to the upside with one caveat price needs to close above the top of its 195 minute profile 179 35 you're trading at 179 27 right now but a close above that would then suggest that higher price 189 50 being the next upside price target so hope that helps you out to eddy that takes care of the questions that i've got so far from email oh hold on a minute here hold on a minute here let me make sure yep i've gotten all through the emails here um so let's go eddy had mentioned the nq's let's go take a look at the nq's might take a look at the so-called intraday set of charts out here the es is go over the nq is the one that's up on the screen right now perfect so with regard to the nq now i guess we already covered this am i covering this again sorry i don't want to do that so here you've got bar number eight that is formed you got bar number nine that's going to complete on the 30 minute time frame you've got uh what about 20 minutes left here you've got to get a close above 12 229 for that pattern to complete and that basically is where price is going to target price is going to go target the uh 12 199 level and that is its oscillator and changeline so just because we're going to get a retracement here or we should get a retracement here don't think that that is it that is not what steve's chart now steve's charts are absolutely saying that we should expect or anticipate at least on that 30 minute time frame some type of retracement out here the 10 minute here has joined in on the fun as well let's go take a look at the es mini out here because i think we had already covered the nq so let's go take a look at the charts for the es mini and if i'm recovering this my apologies but there's no questions here and the tiger's den so we might as well go take a look at this as well now in the case of the es mini she is going to go when we talked about the first price target there right the first target is the prior high if you didn't catch that that first price target is 40 95 if we get a close about 40 95 that's going to ensure that we get up to 41 68 well hey the spot volatilics right now is giving us that assurance but we need to see the close we don't need to know what the spot volatilics is trading at as we speak at this moment of course we do know that it's trading below its 50 day expense moving average which is 27 55 we're 27 28 close below that says we have further relative going says that what we're getting then would just be retracements where you would want to potentially buy the tip from a trading stand but do you want to do that going into a holiday weekend with all the shenanigans going on the busts of lobe probably see roads with tfn we get back if we don't have any questions let's go take a look at the new york stock exchange because you want to talk about positive market breath holy shenanigans look great are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clear water 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 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week you can get the technology insider at tfn.com for only 37 dollars and 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit direction investments.com slash biotech 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 prospectus or summary prospectus please contact direction shares at eight six six four seven six seven five two three 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 tfn live on your mobile device 24 hours per day go to tfn.com then hit watch tiger tv that's tfn.com then hit watch tiger tv this program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz okay doki welcome back up folks so let's go take a look at the new york stock exchange the advanced decline oscillator reading which has gone from the extreme oversold or the oversold condition really once you get down below minus 150 that's a center box that we're taking effect let me get rid of the new high new lows out there i don't know why those are even turned on but probably somebody to ask me about something i forgot to turn them off so let me go turn those off just to not have the screen here where is that uh give me a moment here there we go so that should take care of that this should take care of this perfect okay so now we've got the center a panel number two is the advanced client oscillator that's the difference between the 39 and 19 period exponents moving average they'd be advanced decline line the summation index which is just below that is controlled by whether price is above or below the zero threshold level when it's below the summation next will turn red when it's above the summation index will turn green out there okay now we think plus 150 is overbought we're well above that we're plus 261 10 as we speak right now so one of two things is likely to happen as we're up at here either this is going to turn down right away in the new york stock exchange will pull back to work off some of its overbought condition or price is going to continue to move higher instead of some type of divergence pattern where price is moving higher but the advanced client oscillator because starts moving lower out there so i don't know which of the two it is but we are in that extreme overbought condition but we can still get more overbought we haven't been at this level last time we were anywhere near this level takes us back to june of 2020 out there the other thing is when you get a close above plus 150 which we did yesterday what the signal is here is that we're not done seeing higher highs so even if the new york stock exchange turns down tomorrow as an example this tells us that we're going to take out then today's highs it's just simply how this indicator works out there so um now what how about another indicator how about market breadth out here if we go take a look at the market breadth for the s and p 500 we just switched over to bullish and in a pretty large way we now have 215 constituents trading above the top of their profile and only 37 trading below the bottom of their profile folks that is market breadth bullish very strong again it gets back to you should be looking for a dip not to sell like this is the end of the move and we're headed lower out there you should be looking to buy that next dip if we are so fortunate to get that but you've got nice bullish crossover now we don't have that yet for the weekly time frame so i'm not saying the s and p is out of the woods in the weekly time frame there's 96 constituents trading above the top of their profiles and 128 trading below that's what's going on in the s and p 500 the nasdaq one the nasdaq 100 out here similar message the daily time frame you now have 43 instruments trading above the top of their profiles 13 instruments trading below the bottom of their profiles out there this is a very bullish message as well same type of setup though the weekly time frame chart is saying not so fast the weekly time frame chart has got 12 above and 37 below but you your market breadth bullish on the daily time frame this suggestion is with the spot bulletin x as long as it is able to stay below the 50 day expense moving average the signal there is simply to look for dips that you would buy and in those instances you'd look at the shorter term time frame such as a 30 minute time frame which we've already covered has got a td9 count top that's likely to form between now and 230 and we should expect and anticipate a retracement out there so if you get it i don't want anybody thinking it is the end of the move the end of the world and jump on the short train out there it's just not the signals that are present in the market as we speak now i don't have any other requests i don't think there's anything inside the tiger symbol it said wait i take that back says could you please look at c so we can uh let's go trade over to we're in the black background screen screens out here let's get over to the three panel charts so let's take a look at city corp out here and let's get that going i've got to switch over to my other charts here for the multi time frames now let's go see what city corp is doing out here all right so for city corp the question is appears to be breaking out of the downtrend of last few days would you consider to buy and if so where um we'll trade out of the downtrend so i've got city corp that is for the last four or five days is well above the top of its daily profile out here so that is a bullish message out here um i see a rising trend line i don't see a descending trend line the descending trend line that i see is on the weekly time frame and price this week here may close above the top of its bearish structured weekly profile and it close above 5302 that is a bullish message out here that says that price could run all the way up to 65 27 so i know your question was is it a buy um let's go take a look at the white background charts and see what kind of signal information we can find there so as we switch over to these screens the upper left is going to be the monthly time frame and the monthly time frame says what says you could get a td9 count bottom and a buy the d-point bottom it looks like a buy the d-point bottom that's a that means it's a gartley buy um as we close out the month give me a second here i'm just going to look off screen see if that completes the a to b equal cd oh it does so the one-to-one price projection on a monthly basis out here was 4641 you got down below that level and now you might end up with a bull sash candle so that would be a weekly i'm sorry a monthly gartley buy pattern for city corp so yeah that's a bullish message for sure on the weekly time frame well that also has an a to b equal cd that formed a uh both yeah that's formed a couple of different bullish reversal candles the most recent one being yesterday a bullish piercing candle so now with price above that's a weekly chart i'm looking at i take that so did i say weekly if i didn't say weekly i meant weekly that's a weekly chart so you've got a confirmed buy the d-point there again price above the top of that bearish structured weekly profile assuming that it closes above that level tomorrow which is 5302 that suggests to move to 6476 now the monthly chart suggests to move to 6007 or thereabouts that red oscillator and changeline so price closes above that then that gets us into that 6476 level the daily time frame if you're asking is it a buy it is not a buy right now and the reason is because today is going to become bar number eight that says that we should see a short term top form between today and tuesday and i'd rather you wait that out especially because price is coming into resistance of 5645 a td9 count breakdown level and instead try to buy the retracement inside city group now again you might have to wait till tuesday wednesday thursday of next week but on a daily basis do you hop on that train when you get bar number eight forming below the td9 count break a level 5645 if you're a good visionary and you can see and you know for sure that that level is going to be broken then yeah go for it i just don't know that i just know that when you get those td9 count patterns out there you want to pay attention to them and that's what we've got when we take a look at city corp so i hope that helps you out inside the tiger's den and of course the question was buy where we you know you sort of have to wait for that td9 count top to form and then we could take a look at the 30 minute time frame charts or the other interday time frame charts but my target i guess in the downside would be about 5115 and that would be at the top of its daily profile could be a little bit lower but i don't know where that oscillator and changeline is going to be on uh tuesday or wednesday of next week out there so i do hope that helps you out with regard to city corp but sure looks good long-term mutation see if you can buy a pull back see roads with tfnn 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 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suggests that we're not going to get a completed td nine count up it looks like bar number eight will be the high of that pattern now in a really bullish market out here from a momentum in a trend standpoint where price will find support is at that green oscillator and change line now these numbers are going to change just slightly but right now the print on the es mini is 40 49 on the nq it's 12 224 on the ym it's 32 581 and on the russell 2000 it is 18 38 20 the nq is the oh i take that back the nq and the russell 2000 have both just formed new 30 minute market profiles so in the case of the nq it is a bearish structured profile and the center is at 12 209 so the 12 209 12 224 level which is our target to the downside now price may not be get down that that area but if it does continue to retrace that would be a price holds that level and then continues to move higher from there that is a really strong bullish message the nq could still pull back to 12076 the bottom of that profile and have nothing wrong with it on a 30 minute time frame but that first level of support is at that 12 220 let's just call 12 209 at the moment in the case of the russell which has been strong like bull price is still trading above the top of that new profile out there and that's at 18 39 50 out here but a price i am showing the 30 minute charts am i not i think so oh maybe that's a daily all right sorry about that let's change windows here stevie screwed up thank you got my wingman uh out here so there there's the charts out there sorry about that and thank you mr bill so those are the 30 minute charts i'll leave these up here for a few minutes and then you know i've got to simply get some charts ready here for the two o'clock update but look we're expecting retracements again those numbers of green oscillator and change lines that you take to look at and prices pulls back there and sire very strong trending market to the upside folks stay tuned you've got some great programming i'll be with you tomorrow at eight o'clock sharp please join me in eight for the traders head show will be recorded