 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. At 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the September 27th, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, E.B. 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. And let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, that means we can find the gift in every set of circumstances that life is gonna toss at us. Now today, you and I, we're gonna go check on the circumstances 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 more important than that. And that's this. During the next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648. If you can't tell it, we've got you covered there too. You can always send me an email. Send that to Steve at tfnn.com. And inside the subject heading, if you would be kind enough to put radio show question, of course, inside our Tiger's Den, well, any. And every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to the show right now. I got all the US indices trading to the upside of Sea of Green out there. The Dow's up 267, 9-tenths percent. Little over 1% for the S&P or 40 points. One to four tenths for the Nasdaq, 157 points. 2% for the Russell, that's 32 points. One and eight tenths for the Semais, 43 points. Trendy's are up by one and seven tenths or 206 points. It is a Sea of Green. We're going to go figure out if that Sea of Green is going to hold or what needs to occur in order for it to hold. You've got gold up by 10 bucks, trade at 1644. Silver up 21 cents, 1869. Lights recruit us, having a nice little rally up $2.25 at $7,899 natural gas. Off 16 pennies. She's trade out at 685 and the 30 year treasury is down one point at 7 ticks. 12509 is the print there. Now lead the charge dollar wise to the upside. You've got booking holdings of 26 bucks. Mercado Libre is up 18. Enphase Energy up 17. MicroStrategy 13. Restoration hardware is up 12. To the downside, not really much in the way of big movers out here. We've got AM, TD, Digital, that's off 650 or 10%. I'm just looking for stocks versus the ETFs out here. That's pretty hard to find. Biotechnic Corp, TECH, that's off three bucks, that's 1%. Mostly movers versus the shakers out here. So let's go figure out what the markets are doing or at least what levels you need to be watching. So the first place that we'll start, we'll go take a look at those TD nine count bottoms that have formed inside of each of the equity. Future contracts out here. So we'll take a look at those daily charts right now. The upper left, you can see that yesterday was the day following bar number nine. That made the low, that yellow from yesterday is the key area of support that you would be watching for. If price closes below that, it negates the signal and that says that we had lower. Otherwise, what price should do, it should work off this oversold condition that oversold condition should take the ES mini. The target should be its oscillator and change line. Currently printed at 3810. That number's gonna go up and down as price moves higher and lower. The NQ, same pattern. However, it confirmed its TD nine count did not make a lower low. Yesterday it confirmed its TD nine count. So it's the low from two days ago. That is the lower threshold level that you'd be observing. So with a first price target for the NQ should be its oscillator and change line around 11, 7, 12. Inside the Dow, that area of its first price target is 30,303. Again, those numbers are gonna change. It completed its TD nine count yesterday. It's yesterday's low that is the key threshold level there. And the Russell 2000 will complete its TD nine count bottom today. Today's the bar following bar number nine. Looks like yesterday's low will be the low to be observing. It should target 1755 out there. So that's what the daily timeframe charts are showing us. Now, you'll notice that each of the daily bars at present at 11, 10 in the morning show bullish reversal candles, bullish engulfing candles, a piercing candle for the Dow, bullish engulfing candles for the NQ and the Russell 2000. That would then confirm a buy the D point pattern. Now, do two bottoms make it stronger than one bottom? No, at least not that I've been able to find. One bottom is a bottom out here, but you wouldn't have those two patterns. And that would again just be confirming that we should see price rise up towards those oscillator unchanged line levels. Okay, so we got that out of the way, but we can't stop there. We've got to go take a look at what's going on under the covers and under the covers is really the 30 minute timeframe charts. That's what I've found so far to be the ones or the one that is provided us with the most information. And that's gonna be the NQ. We'll shift gears here and we'll focus just on the NQ at least for this segment here. So we take a look at the NQ. What we'll notice here again, this is a 30 minute timeframe that we're looking at is right at about the three 30 timeframe on Friday afternoon, what the NQ did for a 30 minute timeframe was generated and roads meant to be indicator bottom. If you're not familiar with that pattern, it is the one of the best patterns, not cause I named it after myself. It is the pattern that has been present before every single bear market in the history of the Dow going back in the 1890s out there. And it also is great at a loss. It helps us identify market turns for any timeframe out there. So you can learn all about that pattern. You can subscribe to Master of Probability. Cost is zero because you got 30 day free trial. So for 29 days, if you cancel up to 20 days, it's cost you nothing and you will have learned a ton. Now, one of the other patterns that we use out here, the TD9 counts, we already spoke about those on the daily timeframe. The TD9 counts also established for us natural areas of breakdown support, our breakout support and breakdown resistance. The breakdown resistance lines on my chart are these green horizontal lines. Yesterday's rally stopped right at, now the number was 11, 534, 75, the actual high in that 1030 session got up to 11, 537, 75. But remember, it is the body of the candle that is the essence of price. It is not the screaming Mimi, the wicks of the upside or the downside, lower upper shadows out there. That's just the screaming Mimi's that take place during that timeframe. Or in this case, a 30 minute bar. But price found resistance at that level and what did we do today? We saw that rally that took us right up into the 10 o'clock timeframe, stopped right at that 11, 534, 75. So if I were to ask, pose this question to you, what do you think happens? If price closes above, this is the NQ now, on a 30 minute basis for two consecutive bars above 11, 534, 75. Well, I wouldn't say what it does, is that tells us that there is, that this counter trend move, the daily TD nine counts are taking hold and that they should in fact go target those oscillator unchanged line levels. Now the case of the NQ here, ever since it's been able to hit that level, it's really been consolidating with inside its current profile out here. So the bulls are nowhere near out of the woods. They would be if we get two consecutive close above 11, 534. However, there's also resistance inside the NQ. It has its neck, when you typically break one level of resistance, TD nine count that is, you go to the next level. That's an 11, 585, above 11, 585, you get up to the 11, 752 mark. So those are the areas to be watching. What else should we be watching, Stevo? Excellent question. I think the next thing that we wanna go take a look at is Taz market profile breath for the NQ. So to do that, let's pull up, first let's pull up the short term timeframe, that is the 30 minute. I think we're still on the same page. Yes, we are, beautiful thing. So what we have going on right now on a 30 minute profile, on a 30 minute basis, we take a look at all the instruments trading inside the NDX 100. What we have are 181 of those are trading above the top of the 30 minute profile. 99, no, this is the S&P I'm on, I apologize. See that, of course that didn't make sense. Stevie just took an extra minute to catch up to that. Pull it back to this breakout here. I'll give you the P's and Q's are the correct data for the N and Q out there. Steve Roach with TFNN, we'll be right back. Forming inflation, we are purchasing powers eroded. There's no better place to protect your hard earned money than in gold. This is the gold's flagship asset is the Monk Todd 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 the tail one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd feasibility study which resulted in a 7 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 Monk Todd as an attractive, devious party, ready development stage gold project. This the gold trades on the New York Stock Exchange under the symbol VGZ. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019, finishing 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. Toll free at 1-877-927-6648, internationally at 727-873-7618. Welcome back folks. So what we've got on our screen right now are the rest statistics here for the NQ for the NASDAQ 100 on a 30 minute basis. I left that up during the break out there, those folks that were following the live feed saw it switch from a bullish crossover to a bearish crossover. I mean right now, as we speak, there's 34 instruments trading below a 30 minute profile, 30 above. So it says that there should be some selling pressure. When they're selling pressure, then we go back to that 30 minute chart, take a look at support. So we'll do that here momentarily. Let me minimize this screen out here just for the moment. And let's switch back and take a look at, so we knew that going into that last segment and remember what we established here is that if price closes above 11,534, 75 for two consecutive bars, it says rally on for the NQ out here. But now we take a look at the 30 minute timeframe NQ. We can see that price is testing support. So you've got a bearish crossover. A bearish should be able to, sellers should be able to push price to close below 11,447, but that's the area of support. So buyers are trying to defend that level. If that area fails, I would say that price is gonna go target these little rising trend lines out here. And where is that at about 11,340-ish or so, 11,350 would really be dependent upon the time out there. So right now that's what's going on on 30 minute base. Now let's go back and go back to the other screen. And what we'll do here is we'll take a look at the larger timeframes for the, that's gonna be the screen here for the NQ. We can go back and take a look at the, where is it right here? We can take a look at the S&P in a few, but here we take a look at the NQ. Let's get over to that. What we see is that on the 60 minute timeframe, let's just simply expand this out. Let's get rid of those that are trading with inside the profile. You can see it's really quite bullish out here. Now when I say quite bullish, I mean there's 47 instruments trading above the top of a 60 minute profile and 13 trading below the bottom. What this is signaling to me, at least at this moment is that these retracements that we're seeing inside of the NQ, if you're an aggressive trader, they most certainly can be bought. Now what I'd be looking for inside of the 60 minute chart is for price, I'm assuming here at this stage here, as long as the 30 minutes still remains with a bearish crossover, sellers should be able to push price lower. The lower area that I'd be looking at to consider taking a long position would be 11,386. Now how does Stevie come up with 11,386? Great question, we're gonna show you that in a moment. First, as long as I'm here, let's go from the one hour to the next larger timeframe, which is a four hour timeframe. And then the four hour timeframe, this still has its work cut out for us, but not that much. There are 23 instruments in the NDX100 trading above profile, 24 trading below profile. So this is getting very close to a bullish crossover. If it does that, then likely the NQ would be getting ready to take out that 11,534.75 area out there. So that's what's going on with the NDX100 to the NQ. Let's not stop there. As long as I'm on this screen here, is I really wanna close this screen down, which is I take a look at that, at least the top instruments inside the NDX100. That's assuming I still have it open, I think. Yeah, we do. So let's go take a look at those charts here. We're still on that screen. So, and let me get rid of this stuff here. It's in the foreground. So we take a look at Apple. There's a couple of different A to B equal CD patterns we could draw in here. And so you do have a confirmed, this is the larger one that I'm showing. And what Apple, so Apple does still have a confirmed by the D point pattern. Price so far today, ran in resistance at that red oscillator and change line. If it can close above 154.73, likely signals move up to 157.90. Microsoft has confirmed a TD9 count bottom. Price has found resistance that is oscillator and change line. That's currently 241.59. To close above that, suggest a further rally. Amazon has a TD9 count bottom. Suggest a rally to 120.80. The case of Tesla, it still has a TD9 count bottom. Price right now, testing resistance at the top of its daily profile. The top of that profile is 287.50. A close above that would signal move up to 30365. Google, TD9 count bottom with price targeting at least 100.95. NVIDIA needs a bullish reversal candidate to confirm erosement to Mindicator bottom. Facebook, Meta had completed a TD9 count pattern yesterday. That should send price up to 142.86. In the case of Pepsi, it just consolidated with inside its daily profile out there. So overall, you can see that in the NDX100 stocks, the charts that are going to impact the NQ out here, price is finding resistance in the case of Apple and Microsoft at the oscillator and change line. And that's really all that I have to show. Now we're going to go back and take a look at that 60 minute timeframe chart. So let me close this down here. That'll speed up my system just a tad. So give me a moment to do just that. And then what we'll do is we're going to go take a look at a different set of charts. We'll look at the 60 minute timeframe for the NQ. We'll get that up on our screen here momentarily. And that's where the number came from. So on a retracement, what we're looking for is to see does the NQ hold its TD9 count breakout support at 11386? That is both the bottom of a 60 minute profile and its TD9 count breakout level. Now we can see as the 30 minute chart was hitting that resistance area, that TD9 count breakdown area. The NQ is getting close to its as well, which is 11, 11, 5, 11. Hold on a minute, I can't even read that. 11, 5, what the heck? 11, 582, 75. So what the 60 minute timeframe chart did was it confirmed a TD9 count top. What does that say? When you get a topping pattern price, you get back to support. Well support at that stage, price was already inside that profile. It's slightly bearish in structure. And now with price being below 11456, it should be able to target that 11386 area. That is where price should find support. That is where the buyers should be lined up. If that area holds, then that could be setting up an A to B will see it at the upside. But price is first gonna have to take out that 11, 582, 75 level for that really to come to any kind of fruition out there. So that's the NQ really in detail out there and how I certainly go about evaluating the markets. So as long as these charts are up on the screen here, just looking for additional information. You've got the five hour chart. So you know you've got a TD9 count bottom on the daily. You have a roadsman to indicator bottom and a TD9 count bottom on the five hour chart. Price is dealing with resistance at the top of its profile. This could be signaling a move up to the 12, 140 level. You've got a roadsman to indicator bottom on the four hour chart. Price is dealing with the 11457 area. That's a resistance of the top of its bearish structured profile there. Two consecutive closes above that say we're off to the races. Those races 12, 140, 50, the 120 minute chart has resistance at 11, 600 and a quarter. You close above that. That's a bullish move out here. In the case of the 60 minute, we've already reviewed that. We've reviewed the 30 minute support on the 15 minute is down at 11, 396. But it's really 11, 386 that I believe is a key area to be watching observing. Now what happens if price closes below that? Well, then more likely than not, the NQ on a 60 minute timeframe may have flipped to a bearish crossover. Don't know if it will or won't at that stage. We'd have to take a look at it. If it does switch to a bearish crossover, then we can get back and we can target the Friday's lows out there. That would be its message. But right now I'd be watching the 11, 386 area out there. And that is for the NQs. If we move over, we've just got a few seconds here before the break. Let's try to punch up the ES mini. See what it's charts signals are providing us. But it's really the NQ I think that is going to be the strong dog. If this market is going to rally, it's going to be the NQ that is going to be the dog in the hunt out there. So with regard to the ES mini, still taking just a tad of time here to populate. Got about 15 seconds. May just have to do this. We'll get back from this break out there. So I think that's what we'll do but I'll leave this chart up on our screen for those of you following along inside the Tiger's Den. 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 publish 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 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 Gartly's, ABC's, Butterfly's, 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 gonna love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts today by visiting TFNN.com. 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 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. So that 60 minute ES mini-chart here shows TD9 Count breakout support at $36.79. We're trading right now at $36.79 so we can see that price is testing at real key level of support out here. This also had a TD9 Count top, now the TD9 Count top completed at about five o'clock this morning. So that is an effect. That says that if price were to close above, in this case here, I'm gonna use the top of its profile, $37.25. That is the ES mini. Then that would suggest that price would go target to the upside, the $37.79.50 area out here. Now, price is also testing the swing point that formed out here at two o'clock in the afternoon. This was yesterday. And that high out there is $36.83.75. If we close below that on a 60 minute basis, odds favor, we go down and we retest the lows out there. But right now, 60 minute chart shows that support is being tested. That's 11.30, you got 30 minutes left to go. Now, this will be helpful, I think, in trying to understand what the markets, the strength or weakness of the market out here. If we take a look at the 30 minute timeframe for the S&P 500, you'll see that it is severely Taz market breadth bearish. So the sellers should be able to truly flush this down to yesterday's low, at least on a 30 minute chart. What I mean by that is there's 312 instruments right now at 11.31 trading below the bottom of 30 minute profile and 61 trading above that level. That's for the, no reason for us to really, well, that's a 30 minute timeframe. Let's go look at the 60 minute timeframe. Remember the 60 minute timeframe, we was overwhelmingly bullish for the NQ out here. We take a look at the ESMini or the S&P 500. That is, well, not the case necessarily. Here, as we look at a 60 minute timeframe chart, what we see, it's still bullish, meaning 100, oh, bearish, I take that back. 142 instruments trading above the top of the profile, 167 trading below the bottom. So what sellers should be in control of the market here for the S&P 500, there we go. You are, and if you take a look at those speed dials, TAS market breadth, you are bearish for all of those. So the reason why I say this is important is because based upon market breadth, sellers should be able to send price lower. And if this 3679 level holds, a TD9 account breakout area, that's telling us something. Now, if you're gonna be trading intraday, I think it's the NQ that's providing you with the best feedback and information and from a market breast standpoint out there. But watch this 3679, if this holds and then those highs get taken out, meaning to close above 37 and a quarter out there, it should be freewheeling to the upside. Now, nothing's gonna be freewheeling. TAS market breadth for the daily, weekly, even though it's 240 minute time frames is bearish. So you've got to expect that on moves higher, rallies are going to be sold, but you've got enough daily bottoming signals. In fact, where am I at on the charts here? I'm right over there. If we take a look at this, this is the daily indices. So here, if you take a look at that, these are daily cash indices. The Dow, TD9 account bottom, should target 3179 or thereabouts. The S&P, TD9 account bottom, 3790 is a target. The NDX100, 11629 is a target, after it's TD9 account bottom. The Russell, 1747 is its target. The Semiconductor Index, we need a bullish reversal candle. That's probably what we really need or that the market really needs in order for some rally to get some kind of legs out there is a bullish reversal candle to confirm a bottom pattern there. However, the Semiconductor, if we take a look at the SMHs out here, so let me go switch just screens. We'll pull those up right here. Change the screens. What the SMHs have effectively done is they have completed the bottom pattern that they have is a test and rejection of a prior swing point. So we're going to switch over to take a look at that. We'll take a look at the daily timeframe. We'll expand out this chart. So the swing point low inside of the SMHs took place on a July 5th, 7.2 million shares out there. That was tested and rejected two days ago with 4.3 million shares. Yesterday's close was a 190-13, still a test and rejection on lighter volume, 2.9 million shares versus 7.2. So the SMHs have a bottom signal. Now, as long as we're on this chart here, much like many of the ETFs, I don't mean to jump around, if we take a look at the current profile that is forming, it is above price. And that's a bearish message. What I mean by that is tells us that there's overhead supply. So the resistance level inside the semiconductors, the SMHs is likely going to be that 197.43, and not that price can't close above it, but boy, the sellers should be lurking right there. But in the meantime, the SMHs have tested and rejected a lower swing point with light volume. And then if we switch back and take a look at the rest of the indices out here, just to finish those up in a moment, back to that screen, you've got the Dow transports, they have a TD9 count bottom, should take price of 12, 652, NASDAQ composite, TD9 count bottom, 11206 is this target, New York Stock Exchange TD9 count bottom, 14191 is a target. So with regard to the TD9s, it's not that they can't fail, but what they should do is they should be able to achieve the first outcome, which is getting back to levels of resistance out here. And on the cash indices, those levels of resistance are in fact the oscillator and change line areas out there. So that's what I see when I take a look at the indices out here. One minute, I'm gonna switch back and take a look to the black background charts, because much like the SMHs, the ETFs out here, the index ETFs, you'll see those here in a moment, each of them are also forming new profiles and all of those are above price. So again, they deliver the same message, which is that there's overhead supply, that overhead supply is a bearish directional message. It's not that it can't be overcome, it's just right now the overall message here is this is nothing more than a counter trend rally. I would expect the spies, they would find resistance at around the 378 to 381 level. The Qs would find resistance at about the 282 to 285 level, the diamonds 299 to 304, and the IWM would be in the 174 to 175 area out there. So that covers kind of the markets overall in general. So I hope that that assists you. We do have at least one question that has come in. This was from Dan earlier. And Dan wanted to take a look at ticker symbols, INDO. So let me just remain on the black background charts here for a moment. And Dan, my apology, I don't recall the question. So that's just too hard for me to go back and take a look through all those details. So here's what we know about INDO. Actually on my other screen, yesterday was bar number eight of a TD9 count, today will become bar number nine. So long as price closes below, it looks like this area right here, well, let me get my data box, sorry. Give me a moment here, folks. So Dan, as long as price closes below 624 today, you are going to get a confirmed TD9 count bottom. Steve, please share midterm levels on INDO. It's a micro cap, Indonesia oil play that tends to respond to oil moves with very highly correlated volatility and long a bit above current levels. Thanks. Okay, so you're gonna get a TD9 count bottom. And we can see that the daily profiles are well above price, 787. I'm not suggesting that that's where price is headed to. Let's switch over to my white background charts. I think Dan, they will assist us a little bit better than these charts out here. So we'll get over to those in a moment. And on the daily timeframe, now you can see the TD9 count bottom out here that's going to complete today. What price should do, Dan, is bounce up to the 611-ish area that's daily asset and chains on. It is red. If you get a test and rejection as it did on the trading day of September 9th on September the 12th and September the 14th, that's not what you wanna see or because you're looking for a long position here. If you bounce up and you bounce off of that, then you still have a bearish market out there. If price can overtake that level, well then that brings into account the prior profiles. That's at the 787 area. The weekly chart, which has got a gigantic TD9 count top out there. This is suggesting over time, Dan, that price could be pulling back to 261. That is its breakout level. Now, in order for that to happen, the TD9 count bottom pattern would have to fail. So that's something that you would keep an eye on. So right now with regard to INDO, we'd say 611. We do have one other timeframe chart, Dan, I can pull over here for you and that's a 30 minute. Let's do that quickly. What does that have? That has a nice rogement indicator bottom that took place at close yesterday. A gap to the upside right now. So the 30 minute is looking very good out here. It's that daily timeframe. That daily timeframe also looks pretty good. So this should make its way to 611. Hope that helps you out. Steve Rolls with TF&M, hope you're right. 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. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the technology insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for value tech stocks, as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at TFNN.com for only $37.50. 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. TFNN, educating investors. 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 ETFs. China A shares in either direction. Visit directioninvestments.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 866-4767523. 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. Back folks, so inside our Tigers Den we've got a request out here. This is from, this is from Joey D. Let's take a look at FXE. So FXE is the ETF that tries to emulate the euro. So I'll go take a look at the FXE for you, but first what we're going to do is we're going to take a look at the euro. So I just have a number of things running in the background. It's taking just a little bit of time here to populate these charts, but I don't know which way you are positioned on this. As we take a look at the daily timeframe for the euro, at least try to populate this chart out here. You can see price moving lower doing less relative energy. This would require a bullish reversal candle to suggest a bottom. So this says likely prices to head lower. It's below profiles as well in the daily timeframe. So that's with the daily chart. The five hour chart does not have a bottom signal, although price is testing support. And if we look at the 240 minute chart, no bottoming. Well, I say no bottoming pattern, but let me just expand this out just a tad. That could be a misnomer. Yeah, so there is an A to B equal CD to the downside. So the four hour, the five hour does have a confirmed by the D point pattern. And the A to B on this would look like this. Here's the A to B. I go to the lowest low, right? So I've got the highest high on this pattern. I'll do some conversation earlier about the A to B equal CD pattern. So you start with the highest high, then you look for the lowest low. That's easy for me to figure out because I've got these automated tools to tell me where the low bar forms on the chaplain wave. So that was wave number B on a 240 minute basis. And then I just simply, right this stage here, I'm just simply gonna copy this line just to see where the one to one would take us to. Once you get to the one to one, so there's where the one one would take us to inside of the Euro. You can see we got well below that. You formed a bullish piercing candle. Price right now is dealing with its profiles and the oscillator and change line area. So just be aware that you do have some bottoming signals on the five hour, four hour chart here for the Euro. You would have that same pattern on the two hour time frame chart. Really you'd have that same pattern on pretty much everything out here. So what else is the, just looking at this, what should you be watching and observing? I just think it's gonna be just simply the lows, the present lows of the Euro out there. But the daily, it absolutely looks bearish out here, but like the 60 minute right now, which has a TD nine count top is testing support at 0.96. That level holds. You could be seeing a consolidation or a further move higher out there. The 30 minute chart, I don't have a lot of great information out there for you on the Euro. Let's go take a look at the FXI. Larger type, larger picture looks like a once dead lower. Now just be careful because those intraday signals that are present out here. But now let's go switch over and take a look at the FXI. In the case of the FXI, it looks very similar. Doesn't it, Joey, with regard to the daily timeframe, time pushing lower, doing less relative energy, a bullish reversal candle would confirm a rogement to indicator bottom. We don't have that as we speak. The weekly chart shows that we're in bar number seven. This too would need a bullish reversal candle to confirm a bottom. If we take a look at the monthly timeframe chart, you can see the large A to B equals CD. We do have a potential wave number seven, but I think it's more likely C than it is seven, but no bottom signal shown there on the FXI. So I would just simply tighten up my stop. Most certainly the stop I would at least put on the FXI would be at yesterday's high. If yesterday's high were to be taken out, they haven't seen a high taken out here for really well the last high that was taken out. It looks like it might have been September 16th out there. So hope that helps y'all, Joey D, if you are long that or just we're looking for general information for that instrument out there. Let's see, it looks like we've got a, oh, great, thank you. I was just a comment out there teaching on the NQ charts. So my pleasure with that. Let me see if I've got some requested of coming by email and it turns out we do, we've got two. Sergey writes in and said, recently joined TFN. Well, welcome to what we like to refer to as the hotel California. Cause Sergey, once you do check in, you ain't checking out. Can you check EVFM for me? We can, so let me get this fired up EVFM and EVFM. And Sergey, how did you find out about us? Not to, I mean, mental telepathy wise you might answer and then I could hear back but if you do write back to me, I'd be curious how did you find us? I see EVFM is heavily shorted. Whoa, what's the probability of a squeeze? Well, first of all, it's hard for me to contemplate that anybody would short an 18 cent stock. So maybe that's the case, Sergey, what instead what I would be doing is looking at the patterns out here. And, you know, this is not exactly a very liquid stock. No, these charts, the white background charts don't show that. Let me just switch over to the black background screens for you and you'll see that. So as an example, the volume inside this instrument yesterday, now this is at about 18 cents, 2.7 million shares out there. It doesn't take much in a way of dollars to manipulate this stock. That's the very first thing that I would share with you. So be very, very careful out here. What I can share with you about this instrument is that if it can get below, this is either today or tomorrow. If it can spike below the low of September 21st that is 16 cents. So far today's low has been 17 cents. You need to see at least a 15 cent tick out there. If you do that today or tomorrow, then you will generate a TD-9 count bottom pattern. And that would then suggest, depending on where price closes, it could just simply be price making its way to 23 cents the top of its profile. The other target area could be 34 cents. So 34 cents is coming from the potential TD-9, well, the TD-9 count pattern is going to, well, is likely going to complete. Won't really know until we see today's price action because today's price action, price must close below in order for a TD-9 count, not a valid TD-9 count, meaning a bottoming pattern, but just a TD-9 count. In order for that to even take effect or form today, price must close below 20 cents. And you're at 18 right now. So I think we'd really have to come back to this, but I wouldn't load up on this. And at 18 cents, I would just trade it like I would trade it, just normal out here. So the 34 cents was the TD-9 count breakdown resistance level. In fact, that doesn't, we'll not complete until we get to today's bar completion out there, but that's where it is present at the moment. So Sergey, glad that you joined us here at the Hotel California. I'll look forward and the other contributors will look forward to hearing you as well. As far as short squeezes on 18 cents stocks, yeah, I don't buy into any of that stuff and be careful, this is easy to manipulate. All you needed for yesterday's trading was about $250,000. That's what it amounted to out there. So I hope that helps you out. Hector and Patty want to take a look at ExxonMobil. By the way, yesterday we had a call or a request from, maybe it wasn't a call, it might've been a request for RIG out there. And RIG looked like it was forming a TD-9 count bottom, which in fact it did. And I'm just gonna check out there just for a moment. That was not the wrong place. What I believe that RIG has right now is an island bottom. TD-9 count, yeah, and an island bottom pattern out there. So that's for whoever had called in, nobody else should listen to that. Just kidding out there. That what that should do, in fact, let me, I'll come back to ExxonMobil here in a moment. Maybe we'll finish off with that. If we take a look at what RIG has actually done, it's made its way up to its first level of resistance. Now I don't have the oscillator and change line here, but you can see that RIG also is forming a new daily profile above price. And that's at the 260 area, which has been the resistance level for Trans Ocean Limited out here. If price can close above 269, well then maybe that overhead supply isn't so much overhead supply and price will make a run for the 304 level. So we get back to this break, we'll take a look at ExxonMobil. It too is trying to form a TD-9 count bottom today that could and should take price up to its oscillator and change line. That's at about $90.84. We'll take a look at those charts as soon as we're back. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGZ. VistaGold executing a strategy to create shareholder value. 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. tfnn has launched the Tiger's Den, hosted at Discord. tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. Welcome back, folks. So we got the charts for Exxon Mobile up on our screen out here. And what you don't see is that yesterday was bar number eight of a TD9 count. It will complete a TD9 count bottom pattern today. You can see there's also an A to B equal CD pattern, but we don't have that bullish reversal candle to confirm that pattern. Do we need that to confirm the pattern? Yes, we do. Do we need to have that in order for Exxon Mobile to rally? No, we do not. We will have the TD9 count pattern that will form today. It will complete tomorrow. I mean, and you could get a push below the low of yesterday out there and still retain that pattern. But Hector and Patty's question is, is it time to load up here? Could we see a rip your face off rally? And I think the answer to that question is no. Now, the reason I switched back to my black background charts here is because it is picking up that early detection of a new profile that is a forming above price. And while those are out there, the message, the overall message that we're seeing from a number of charts that we put up, whether it was the index ETFs, whether it was the NQ chart for its daily timeframe, whether it's Exxon Mobile, whether it's RIG, is we're seeing all these profiles form above price. And that just simply gives us a caution signal out there. It says there's overhead supply and then we should anticipate, and this could be a very nice counter trend move. It needs to be a nice counter trend move in order to work off its extreme oversold conditions out there. We take a look at those oversold conditions. We'll just take a look at this chart here, the advanced client oscillator. You can see yesterday down in the minus 300 area minus 398.94. So this is an oversold condition that needs to be worked off. Now it can be worked off by price continue to move lower and this moving higher as it's done where these, you see these lower, the red or the green. Diagonal areas are out there, but we do have a very oversold condition. So that basically says we come back to where we started the day, so to speak. And that was with our NQ charts out there because the NQ is the set of charts that are providing us with the most amount of information out here. Let's switch over to those before we end the show out here. And again, it's the 30 minute timeframe that we're really watching and observing to the upside. And that is at the 11, 534, 75 cent area. Price can overcome that. Then you should see a further rally. Right now in the 60 minute chart and we end this in four minutes. It is trading below its breakout level of sport at 11, 386. Folks, thanks so much for joining me on terrific Tuesday. We're not sure about the schedule for Wednesday and Thursday out here. Hurricane Wise, I'm on my way right now after the show to Naples to put up some hurricane shutters. Have a great Tuesday folks. Hopefully I'll see you tomorrow on wonderful Wednesday. Take care.