 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks welcome to the March 22nd the wonderful Wednesday edition of today's Traders Ed Show I'm your host Stevie 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 let's make sure we have an extraordinary one and the easiest way to do that well 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 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'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'm here to serve you so feel free to pick up that phone would love to hear from you at 877-927-6648 of course if you can't call in and you have a question well please go ahead and send me an email for that send it to Steve at tfnn.com and inside the subject heading please put radio show question of course if you're inside our Tigers that like Peter if I'm Park City did please go ahead and send me a ping private or otherwise let's go ahead and get this show started on wonderful Wednesday of course this is Tiger Financial News Network I'm Steve Rhodes welcome to the show right now we got a mixed bag out there you got the Dow trading down a slightly off 19 points the Russell's off six some eyes are up big when I say big they're up 910 percent or 28 points the NDX 100 up 35 about three tenths flat basically for the S&P up to gold is up 12 bucks silver 37 cents like to recruit off a buck 69 up a buck 69 natural gas down 9 cents so do your Treasury up 5 ticks printing out at 130 04 lead the charge dollar wise the upside you've got first citizens bank shares of 15 bucks 2.6 percent Karuna therapeutics of nearly 14 bucks little lemon nine bucks and change and video up seven and change nearly 3% move the upside in GameStop up $6 that's a 37% move HubSpot is the leader to the downside off nearly 10 bucks or 2.5% SBA communications about 6 bucks 2% Netflix about 6 bucks 1 2% service now 5 bucks 1% try to communicate soft 5 about one and a half so we got some movers and we've got some shakers we're not expecting much action or we should not expect much action the market until about 2 o'clock and then fireworks I expect really get going at around the 2 30 time frame when Powell comes on to explain whatever the decision was the rationale behind the decision and really what's next what the plans ahead are so we let's begin by taking a look at the ES many let's go move over a take look at the well actually why am I this chart here let me answer the first question that came in which from Peter in Park City you want to take a look at the York Stock Exchange the advanced client oscillator his specific question is has it reached an overbought status and the answer to that is no no no no no not even close so if we take a look at the great question and we have had you know really nice rally yesterday rally the market breadth in the rally yesterday was very strong very positive so the question that Peter is asking about is contained in the second panel so we've got four different panels out here that second panel has the advanced client oscillator the advanced client oscillator is the difference between the 39 and 19 period expense moving average of the advanced decline line who that's a mouthful now when this gets down to minus 150 and right now it's up at minus 33 when it gets down to that minus 150 level gets into the over a sold area when it gets to the plus 150 level Peter that's when we start to get into an overbought condition market out there now in this case here we take a look at New York Stock Exchange we saw price moving lower and we saw the advanced client oscillator making higher lows out there that's type of divergent that identifies a bottom New York Stock Exchange actually confirmed a road momentum indicator bottom out there we can take a look at we all go over to that right now but we can't take a look at that during the show today depends on what questions are coming in what I can actually remember to do but the answer to your question is here's what we have conflicts in the market or divergences additional divergences Peter and that is that the advanced client oscillator is still below zero threshold level it's at minus 32 it needs to get above zero and it needs to be above zero for two consecutive days to suggest that is now the buyers that have control so with regard to the general markets in the advanced client oscillator not only is it not near overbought it tells us that sellers are the ones that are still in control of the general markets now that's opposed that's opposite of what we have here with regard to the spot volatility index the left hand panel chart that center blue line is the 50-day exponential moving average when prices below that the spot volatility that is that is bullish for the S&P 500 we take a look at the S&P 500 its market breadth just recently changed over to positive for the daily time frame it is still negative for the weekly so for example on a weekly time frame the S&P 500 has 63 instruments trained above the top of a profile that's resistance that would be a bullish signal whereas we have 204 trading below the bottom of their profile and that is a bearish type signal out there there was a minus 11% thanks Peter I'll take a look at that tomorrow he actually I overlook that it's my mind hasn't been completely whole as of late so on the daily time frame though I mentioned that about an hour ago or so we did get a bullish crossover 116 above profile 101 below so that's a positive but it's not as positive so so we still have a bit of a divergence here with regard to what the S&P 500 is doing with regard to the NASDAQ 100 no divergence at all its green lights all the way we take a look at the weekly time frame chart on a weekly basis 26 above 14 below so the if the NDX 100 is the clue as to what the markets want to do the NDX 100 is telling you it wants to move higher out there so that's what I see when I take a look at market breadth Peter asked the question of the spot politics a one-day rate of change below minus 10% that signal then is an initiation move that will come from this set of charts here Peter so I didn't have that marked in so thanks for noting that I do see that now on the chart that is a second green line so we've had that occur twice now in the last comment just widen this up here just so it makes a bit easier for everybody to see and also for me to just simply to draw on that line so I'm going to take that line so it's an initiation move and you can see that the first signal it took place back on March 16th that has certainly led to higher price so Peter if you want to use this as a indicator as to what the markets want to do you know it's initiation a higher price is really the signal out there which matches so now I really should go take a look at NYSE chart and show you the so here's this chart let me just stay with this I'll just back it up a bit now the blue the blue arrows on this chart represent instances where the spot follow took says a one-day rate of change above plus 10% those are the blue those are the blue arrows out there and they typically lead to either a bounce or bottom inside of the S&P 500 whereas when you close below the spot ball to next somewhere below minus 10% we get that initiation signal out there so that's what it means but again these markets you know I'm not really I don't have a clear I don't see a clear signal out here that tells us right now what the markets want to do here is another example while I'll try to remember I'll do it during the break here let me just switch over real quickly to these ES mini charts and I'll give you the number to be watching here and that is at the price level 40 43 25 which has been tested that is a TD nine count top both for the five hour and the four hour time frame chart closes above those for those time frames would suggest the market wants to move higher see roads with TF&M we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Keg stats Tiger forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously when you sign up for the Tiger forex report you also gain instant access to Teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger forex report for all the details and to start your 30 day Tiger forex report subscription today visit the front page of TFNN dot com TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN dot com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman 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 dot com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit TFNN dot com and try mastering probability 30 days risk free today TFNN educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 folks so I still mixed back out there no big changes don't expect much in the way of changes throughout the session I did pop up the New York Stock Exchange chart out here you'll notice that two days ago what this generator was a road meant to Mindicator bottom the TD9 call you see that here but that is not the plan that's not the plan that is not the pattern that identified the bottom if in fact we have really two bottoms you have a buy the D point or Gertley buy pattern out here so here's the A to B point take us to that D we just simply move that over to where the C point was you can see this is more than a one to one A to B equal CD to the downside now that gets confirmed with a bullish reversing candle bullish reversing candle out there and we've got a couple of them so you've got bottoms and more importantly right now is that price is above its red oscillator and change line so that's a positive for the New York Stock Exchange if we take a look at the last time a road meant to Mindicator bottom signal formed here for the New York Stock Exchange was back on the trading day of October the 13th and obviously that led to a very nice rally will this do the same well right now it's got some of the same characteristics what I mean by that is we do have now price above its red oscillator and change line and that suggests at least trying to run up to 15497 that's where price originally broke down from where it's most recent breakdown area again and if price takes out the lows of the New York Stock Exchange well then we'd be looking at 13607 as a target area but that's not what the current signals are for the for the New York Stock Exchange out there so again we got different messages out here you've got initiation move from the spot ball to next that says higher price this the New York Stock Exchange is saying it wants higher price when you look at the chart pattern when you take a look at the internals the advanced client oscillator saying not so fast out there and that's why I think it's a little bit of a difficult call let's go so there's a question that came in oh I was back at the ES mini so let me just finish that off I kind of went to it and we went to the breakout there's let me at least do that that would be this panel right here so if we take a look at the ES mini right so which closed above the top of its daily profile yesterday we took a look at the A to B equal CD pattern the upside or at least we did that in the 10 11 o'clock market update out there so that's the pattern that is in play we take a look at what is holding price back right now well if we just simply look to the four and five hour charts you will see a cheaty nine count tops are out here now that simply has led to a sideways move but nonetheless that is resistance 40 43 25 so for those timeframes you need to see a close above those levels in order to suggest a breakout now slightly above that area 40 30 no I take that back 40 43 is going to be the key level that would also then take us above 40 39 and where price would then at least target should that unfold you'd have to say it's this 2 a 2 p.m. swing point for March the 6th and that high out there is at 41 19 so that's what I see when I take a look at the ES mini now the question that had come in about the ES mini let me get to that that is from Vic I believe a fish and river view perfect and the question is do you see the potential of a spike up and then sell off this presumably after either Paul's announcement or his press conference and if so at what level on the spy would you look to go short what would you predict could be the top on the spy today given the Fed so you're specifically asking about the spy we're inside here at the ES mini charts out here the spot the spike that you really want to pay attention I'm going to change patterns out here we'll come back and take a couple different charts the spike that you really want to pay attention to fish is going to be from the end queue I know you're asking me about the queue or the you know the spy for the S&P or the ES mini and you're you know in the queues here but you know you can look at the queues but it's really the end queue that I'm paying attention to what I mean by that is that the end queue closed inside its swing point from February 2nd with volume and it did that back on March 16th trading session since then prices been trading with inside that swing point so what I at least expect is at least a spike of that high and that high is thirteen thousand oh sixty eight now when I sell once once that happened not necessarily because your price close above thirteen oh sixty eight that's a possibility we just look at market breadth for the end queue out there so for the NASDAQ 100 there's nothing really stopping it from moving higher other than perhaps you know the decision of the Fed what market participants decide to do with regard to selling off but a close above thirteen oh sixty eight out there is going to set up an A to B equal CD to the upside it's a big one it's a pretty big one out here that one to one would get us into I'll just use this low out here we'll get us into approximately and that we don't have a signal yet that this is going to happen but that would take us up to the fourteen zero zero three level so if you're asking me where would you sell or potentially sell it's held more up towards fourteen thousand three getting back to its highs out there then you would on just a spike now maybe we get a spike a move above so let's go over take a look at the QQ queue church we can do the same thing with the ES mini but let's take a look at the queues because I believe this is where you're going to get your better information from it's the strong dog out here we can see in the case of the queues where I've got this and this is the here I'll just expand it out we take a look at the purple fuchsia arrow out there you can see that's the day that price moved into closed into that swing point from February the second the volume on that swing point pretty big eighty three million shares out there so you'll want to watch the volume at the end of the day but a price close above that's why I do expect that to get spiked or it should get spiked only because the market continues to trade with inside that swing point we got into there with volume that typically indicates at least a test of that high a test rejection of that high on lighter volume would say okay you can't bust them up you try to bust them down but what price would have to do here fish in the queues would have to close back below that swing point and that's at 306 73 so that's one thing that I would be watching out there if we look at the spies the spy is a trading with inside a profile out there so it's much different than the ES mini which one is right I don't know which one is right you know you use them both use the information available to you so where is resistance which is really the question that does somebody would want to perhaps have a short position inside the s&p the spy the ES mini whatever it is that would be at 40477 if the spy closed above 40477 then that's telling you that in my entire price would be taking an A to B equal CD patterns to the perhaps to the upside as well so that would be the level to be watching for on the spy 40475 if it closed above 40477 if it closed above 40477 that's telling you on its higher price remember that spot ball to the right now the close yesterday and now today is trading well below that 50 day expense moving average of course that can change at days in but that's what I would be looking for out there short of that it would really be going back to those ES mini charts and looking for some type of pattern to form out there on a maybe a shorter term time frame that's nothing that we have in place as we speak right now as we take a look at these charts here's a 10 minute 15 minute and there's nothing more out here than the resistance area for that 404325 so I do hope that that helps you out thanks so much for writing in an absolutely god bless David White out there so thanks so much Vic and have a wonderful Wednesday go live I guess I didn't do that there we are back there here are those ES mini charts you can just take a look at them there's just not much action the ES mini this morning we had a TD9 count top that formed at 730 and all priced it was pulled back and tested its breakout level 402925 so we're not getting even any short term type signals out here to tell us what the tell in the marketplace is Steve Rhodes with TFNN we'll be right back 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 the 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 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to the downside for the dow SNP's up to NASDAQ's up 46 Russell is down 10 we're take a look at the charts here for the Russell 2000 Jimmy D inside the tiger's den identified or mentioned that the IWM has rolled over and most certainly has if we take a look at the charts here jimmy for the equity future contract and we focus on the daily time frame we just expand this chart out so we're all looking at exactly the same thing what we can see here is that what price did was it ran right in the resistance at that red oscillator and change line now how to interpret that a red oscillator and change line this where Dave White and I so Dave was color blind so and we would take we'd be talking about the oscillator and change line that we'd be looking at a chart or would have in you know and I'd say well it's red and green he's like hey there's a lot of people out there that are color blind like me and then and then there were issues with regard to dashes and dots and everything in any event I leave this here red and green and when the line is red it tells us that a price oscillator is below zero that itself is a is kind of a bearish condition but it really when I say kind of how do I identify whether it's bearish or not well the easy way is to create an oscillator and change line the oscillator and change line in this case here um when it's red that's letting you and I know that that price oscillator is below zero green price oscillator is above zero now we have to pull it apart even further price being below the oscillator and change line tells us we now have a falling price oscillator below zero and those are bearish conditions so here's where again we have a divergence the ES mini and the NQ are telling us they want to move higher but if we take a look at the Russell 2000 it's saying I'm really not sure what you guys are talking about yes I formed that nice TD9 count bottom out there and then I just simply took price right up to resistance that oscillator and change line now the reason to take a look at this if the market does move higher one of the levels that you'll want to watch okay is let's say is this weekend to see which would be the Russell 2000 for clues now that oscillator change line is currently printed about 1797 that's going to change by you know a buck baby or two if price moves up and down but generally speaking well let's just use yesterday's high if price were to close by yesterday's high then the Russell 2000 yesterday's high by the way is 180820 that's telling us price wants to move up to 1927 likewise if price closes below the low from a couple of days ago that low being 1708 that tells us a once lower price now the other aspect or the other important thing about take a look at these charts out here jimmy and why I put these up is because if we take a look at the weekly time frame chart now the weekly time frame chart this is pretty cool chart to look at why we can take a look at the descending price channel that price was in and then it breaks out of that it breaks out firmly on the trading day of january the 13th what it does do now this formed on a weekly base nice formed a nice roads meant to mitigate her bottom out there and and so that's it that's an important bottom and paying attention to the actual support level just so you know with regard to this pattern is going to be at 1661 60 so maybe you just jot that down in your pad of paper a close below that would be a real negative thing on a monthly basis a weekly base i'm looking at the weekly chart but i really wanted to show you here was that this forms an a to b equal cd to the upside them and go ahead and get rid of that that created that cell the d-point pattern it was confirmed with a bearish reversal candle now what price then also did was it has pulled back and it is basically tested and rejected that descending price channel when you break out of a price channel this is one of the things that bud ross talked to us when you break out of a price channel odds favor that price is going to pull back at some point in time and test that and what you're looking for is the test and rejection right now at least as of wednesday at 1130 in the morning that's what we have for this week this is subject to change it's a weekly chart we really need to see fridays close but what i can share with you at the moment is you've got a solid bottom on the weekly time frame and you now have price pulling back to a level that should hold that support that so far has held the support now when you go take a look at the monthly time frame chart you have a td9 count bottom that is in place out here that low which it should be i think is going to match the low i gave you 16 61 60 so real key low both for the longer term the weekly and the monthly time frames out there and of course we took a look at the daily so that red oxygen change line says you're not out of the woods just yet but boy it's got some real strength out there as this is trying to bottom we take a look at those patterns for that weekly and that daily time frame out there now there's also a new profile that form and which is another reason i pulled this chart up for you well certainly wanted to share that with you so 17 22 70 is the bottom of that profile 17 66 80 is the center and the top is at the where's the top 18 25 70 so those are the new profiles for the Russell 2000 and best of luck to you however it is that you are trading it let's see if we've got any questions that have come in a slow day for questions let me see here no none by email so let's go what do we want to go take a look at next let's go take a look at we close out this chart here let's go take a look at Goldilocks and see what it's signaling to you and I and let's look at the same set of charts we've got a little bit longer time frame out here so we'll fire those up here momentarily what is gold doing where's gold here we go and now oh by the way we already I think I mentioned silver is attempting to form a new profile gold's profile though is solid it's in it's the one that was trying to form yesterday out there and so on a daily time frame and you'll want to certainly note these levels in 1867 even Steven you've got support in 19 22 50 is the center of that profile it's also lining up with that green oscillator and change line on the top which prices trading below right now is 1959 I do have a bottoming pattern I do not have a topping pattern out here so I think this is just a normal retracement the likely target for gold to spike to the downside I would say would be 19 22 50 and if it really gets it's mojo to the downside then it would be 1867 but if gold is going to remain uber bullish out there we'll call it we should see 19 22 get tested rejected and price moves higher and really what that could do is set up the C point of an A to B equal CD to upside now we have an A to B equal CD to the upside inside of the weekly time frame but price so is it fully taken effect just yet I'm going to say the answer is no because yesterday last week's close just lightly above the top of that weekly profile may have been a false breakout don't know we'll need to see but a close above 1975 20 is then going to set up a A to B equal CD to upside on a weekly basis with the initial price projection the 21 35 level and if you take a look at gold on a monthly basis although this is a continuous contract where prices stumbling turns out is the low of the swing point from March of 2022 when we had the highest high for gold and that's at that level of well let me give you that number I mean we're we're right there and that is at 1950 even Stephen we're 1952 right now a monthly close above that you get back inside that swing point that suggests you at least go test that high maybe you take that level out on the intraday charts out here what do we have for a goldie locks we don't have much really when I look at a 30 minute time frame chart there's I see an A to B equal CD pattern what I don't see is a bearish reversal candle that looks kind of a bullish out there the 60 minute time frame chart looks bullish prices above profile resistance the 120 minute chart is kind of neutral at this moment it's sitting right at that oscillator and change line trying to make a decision as to what it wants to do from a weekly perspective do I have that consecutive counts well I don't know oh I do right here so here and I've got it is the continuous contract this is a daily time frame and you know you wouldn't it wouldn't be a surprise to see gold close lower and get two consecutive bars to the downside that really wouldn't break anything what does gold do on the weekly basis let me see here consecutive day weeks up and down so that's three consecutive weeks up kind of the two to three bar reaction so you know a lower close this week would just kind of be normal inside of Goldilocks Steve Rhodes with TFNN we'll be right back 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 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 Pesavento 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 visit directioninvestments.com today an investor should consider the investment objectives risks charges and expenses of the direction chairs 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 this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ folks so we got a couple of requests that have come in let's get to those the first one is a take a look at Pro Terra Inc ticker symbol there is a P-T-R-A not a lot of happy campers out here it did hit its all-time lows late last week on Friday I believe that was on the 16th that was on Thursday when it did that now what it was also doing at the same time Bob and Spokane it was a completing ATD-9 count pattern how about that so it does it on the bar following bar number nine that says that low is really important to watch that low being 107 now what we have is new profile that is formed the new profile shows that we have support at 125 the center is at 143 and the top is at 161 you'll notice that price closed above the top of its profile yesterday Bob that's a bullish signal when we do form roads meant to be indicated bottoms roads TD-9 count bottoms by the d-point bottoms we finish those patterns the first target typically to the upside is either going to be the asset and change line or profiles should there be some profiles there oftentimes there's none so now that we know that we're above the top of the profile Bob the next price target of resistance up at $1.90 if price can close above $1.90 then odds favor that it will go at least and fill the gap but $1.90 right now is a real resistance level for this instrument it does not have any kind of weekly bottom it does not have any kind of a monthly bottom out there but it most certainly does on the daily time frame on a short term chart a 30 minute time frame chart what we see out here is this just triggered a road momentum indicator top now it did that at 11 a.m it's now 11.43 it's a 30 minute time frame out here and you know it's just a sideways move prices above the top of its 30 minute profile that's bullish it's above a greenhouse that are in change line that's a bullish signal price pulled back after the line change color test and reject that line that's a bullish signal so it's really neutral here with regard to the 30 minute time frame of course what you'd like to see is you'd like to see the road momentum indicator pattern fail but you really want to see 184 fail that's the on a 30 minute base that's a TD9 count breakdown resistance area so 184 is another area for you to watch with ticker symbol PTRA out there so I hope that helps you out thanks much for the request and have a wonderful Wednesday the next request coming up from John Belaya inside the Tigers Den wants to take a look at Kathy Woods ARKK ARKK at the moment is trading out about $39.59 it is consolidating with inside its daily profile this is the ARK Innovation ETF out here so what's its signal to you and I well this formed a Gartley buy pattern it did that on the trading day of March the 13th we had both the A to B we'll see if you don't see that I'll just simply draw that in here years A to B very easy to do then we can see a retracement up into a high out there we're going to use that as a C point this is more than a 1 to 1 A to B equal CD that bullish reversal bullish engulfing candle forms at its breakout level of $34.81 that's the beauty of the TD9 one of the beauties of the TD9 count pattern out there and now we just have a consolidation going on if we look at the weekly time frame chart the weekly time frame chart has a rogment and indicator bottom pattern price consolidating with inside its profile the monthly time frame chart has a buy the D point pattern that formed in January of 2023 only a close below man I'm going to move this over here only a close below $29.43 when they gate that signal so you got a bottom signal on the monthly bottom signal on the weekly chart bottom pattern on the daily time frame chart with price just consolidating so it may just consolidate when we take a look at a jambalaya and that's going to be between about $40.36 all the way down to $35.43 but knowing that that TD9 count breakout level was tested rejected I'd say the consolidation is between $40.36 right now and $34.81 so I hope that helps you out thank you very very much for that requesting and your suggestion which I did pass on to the folks inside the Tiger's Den as part of a tribute there to our good friend David White Dan inside the Tiger's Den wants to take a look at NVIDIA so let's pop up NVIDIA NVDA is the ticker symbol out there and the dance question is what daily bar do you have on NVIDIA for the TD9 counts out here so that's going to populate momentarily I am in bar number six Dan let me just simply expand this chart out for you and we'll take a look at it and so yeah I've got this as bar number six I show I show I show bar number one in this instance here forming on March the 15th so I'm not sure which bar that you've got out there and I'll just make sure let me just reload all the historical data just to make sure there is nothing it should have loaded properly but just to make sure there's not anything else sometimes there isn't the way data gets transmitted yeah I am still in bar number six to the upside on the daily time frame out there but you still have that Rogement Dominicator signal but you need a bearish reversal can in order to get this thing to be bearish we our take a look at NVIDIA right now now this looks like super strong well I say super strong this completed a TD9 count topping pattern last week now we are trading above it right now I do not know where we will become Friday but a close above that high last week's high last week's high was 263.99 tells us about a very strong upward momentum move for the weekly time frame well I don't want you to get too overly enthused about what I just said but it tells us about at least the next direction and there's enthusiasm behind that move which then should take us up to 289.46 so NVIDIA strong like bull out there especially when you take a look at that weekly performance now if we just take a look at short term any kind of tells out here with regard to what it may want to do on an intraday basis well you've got a TD9 count top that's in place right now a close above 270.77 on a 30 minute basis negates that pattern and says that price wants to move higher out there otherwise what price should do is pull back and test that oscillator and change line at around 267.61 that would you know that would basically be nothing out there so NVIDIA looks very strong no top for the daily no top in fact the weekly is saying I don't even know why you guys you've been talking about a top here and the reason that we are Mr. Weekly or Mrs. Weekly is because it's not Friday it's only Wednesday and you need to prove yourself and that'd be a close above last week's high to say we're headed to 289.46 inside of NVIDIA MRNA is a request out here that's coming in from ELO MRNA so let's go take a look at it the question is there is no question it just says MRNA so let's go take a look at its chart see what kind of patterns we have here on a daily basis we have a sell the D point pattern that formed yesterday here we'll draw on the A to B pattern this was a TD9 count bottom that's we're going to start the A to B leg then we're just simply going to move that all the way over to the C point out there this was more than a one to one that was confirmed yesterday because that was the bearish dark cloud cover folks you want to learn seven seven bullish reversal candles because the exact opposite of those candles are bearish so if you can learn them one way the exact opposite is easier and if you do that that's really all that you need to know there is a plethora of candlesticks out there David Wade had a library it was like 30 40 50 and we tried doing some tests on it on my system I still come back you just need to know those seven seven bullish seven bearish and you'll be just fine and if you apply that to whatever patterns that you trade they will help you when those patterns are completing to let you know that so in this case here what should take place will probably should pull back to its first level of sport that's going to be 147 58 that's the top of that profile below that then we get down into about the 143 76 level out there that's what I see when I take a look at a daily chart from old Derna we'll be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter 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the D point pattern that confirmed right back here when this piercing camel formed on March the 13th now the support when you get this bullish reversal candle it's going to be the low of the candle that it appears so that sets up that high volume bar that you identified there's volume there are 24 million shares so that low is real key level of support price would have to close below 73.87 to negate it's by the D point pattern now what price is doing is testing a level of support it happens to be the bottom of its daily profile the bottom of that profile is at 74.91 74.91 actually we're really trading at 74.87 I'm looking at a chart that's got more I some must have a little bit of a data feed here but you know if you close below so here's what you do if price closed below 74.91 that tells you that it's going to at least go or should go test that swing low out there and it's got big volume so what you'd ideally like to see and on some type of short-term chart out here and I'll just put up the 30 minute you'd like to see some type of bottom forming on an intraday chart and we don't have that as we speak right now as praying and that level of support to hold the bottom of that profile and that could take you into a position so that's what I would be waiting for and watching for and that is in the case of XBI so hope that helps you out Greg thanks much for writing in last question is going to be for Duncan Steve inside the Tigers that he wants to take a good Google so we have to do is actually get to the Google charts that'll make it much easier and here we can see that Google looks strong looks like it wants to head up to 10882 you're trading above yesterday's high this is no there's no topping signal on a daily timeframe out here so this should continue to move higher it's trading into or towards a swing point I see this the swing point for the trading session February 2nd that's an important swing point 46 million shares on that day so far today in a couple hours of trading 8.3 million so it looks like it's going to be much lighter in volume but nonetheless it's trading inside that swing point 10882 looks to be the next stop to the upside for Google folks remember sell what you can not when you have to rest in peace our friend David White we'll be right back or I won't I'll see you tomorrow