 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes, toll-free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge, now Steve Rhodes. Good morning folks, welcome to the August 12th, the fantastic Friday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. I hope everyone out there is having a great day. Let's make sure we have an extraordinary one and the easiest way to do that, well it's 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 going to toss at us. Now today you and I, we're going to go check on the circumstance of these markets. Well go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I 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 this next 53 minutes I'm here to serve you. So feel free to pick up that phone. You can dial on in. We'd love to hear from you at 877-927-6648. Now if you can't dial in, we've got you covered there too. You can always send me an email and I'll send that to Steve at tfnn.com and inside the subject heading if you need kind enough to put radio show question. Of course inside our Tigers, then well any and every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course this is Tiger, financial news network, I'm Steve Rhodes, welcome to the show right now. Slightly mixed bag out there, that mix coming from the trainees. That's the only industry trading the downside is off less than one-tenth percent. Soft 13 points we'll call that basically flat. The NASDAQ, 100 is up 127 points, 1%. The Dow is up four-tenths or 123 points. And S&P up seven-tenths, that's 27 points. The upside Brussels up nine-tenths or 17. The demise are up nearly 2%. That's 56 points. The upside, gold's up $2, silver's up 12 pennies, let's recruit back to 20. Natural gas off nine cents, a 30-year treasury is up 10 ticks. Lead the charge, dollar-wise the upside, Mercado, Libre up 35 bucks, a little over 3%. Tesla's up 19, that's 2%. Lamb research up 14, 3%. BlackRock up about 13 bucks, nearly 2%. Generac holdings up 4% or $11.50. To the downside, the shakers are alumina off 21 bucks, 9%. CS Disco, not much of a disco, down 53% out there, inspires not, inspire medical systems, not inspiring a whole lot of buyers out here. It's off 10 bucks or 4%. Treasure Global Inc, doesn't sound like much treasure there, down 52%. That's off nine buck grunies and silver, a service now off four bucks. That's down nine-tenths. So we got some movers, and we've got some shakers. But let's go take a look at what the markets are doing. Let's go switch over and take a look at our daily timeframe charts out here for the equity future contracts. We begin in the upper left-hand corner, you'll see the yes many. So even though you don't see the A to B, we'll see any pattern that is in there, you know that it's present and you can visually see it. Yesterday, a nice little bearish shooting star candle. That is a confirmed sell the D point. In order to negate that, price is going to have to close above that high. That high, by the way, whoops, sorry about that, that high is $42.60, $50. If you get a close above that, that gets negated as we continue to move higher. If it doesn't get negated, well, then it still opens the door because you have a valid sell the D point, a price pulling back to test that green oscillator and change line that's currently printed at $41.52. The NQ, same pattern, yesterday a bearish shooting star. Now the slight difference with regard to the NQ's pattern is price closed back below or still remained below. Never did close above the top of that daily profile. So that's the first resistance level that needs to be cleared for it. If price closes above that, that, by the way, is $13.49 and a quarter. We're trading above that right now. Then it'll have to deal with its next resistance level. And that is yesterday's high. That's at $13.575, even Stephen. You close above that, the NQ says it wants to continue to motor higher. Now, when you take a look at the daily charts, your ESNQ, YM, Russell 2000, you can see how that oscillator and change line has held every time price has tested that since the early part of June, June 23rd, to be specific for the ESMini out there. So as long as price pulls back and tests and holds that, then the momentum to the upside will continue. If price closed below that, then we've got something else, or at least it tells us momentum has waned. And we would look at other support levels for those contracts. Right now, it is the oscillator and change line. In the case of the Dow, yesterday was not a bearish reversal candle. It was a doji, says the market's kind of tired out there. That's really all that it means. And so you've got no topping pattern in the Dow equity future contract. Good suggestion that wants higher price. The Russell 2000, having a nice day today, it's up all nearly 1%. But it needs to overtake yesterday's bearish shooting star to truly be on its merry way. So that resistance level is yesterday's high. I'll give that value to you momentarily. The level that price needs to close above is 2,870. Now price, again, does not close above that. For those three, that pattern, to sell the deep point pattern, remains in effect. And as long as that remains in effect, well, we can easily see price pulling back and at least testing those oscillator and change line levels out there. Now, if we go take a look at the ES mini, looking for some additional clues out here, we'll look at the daily and then the intraday charts out here. So we don't need to cover the daily. We've already taken a look at that. The five hour chart does have a confirmed rogment and indicator top. That says price has to close above yesterday's high because that's where that pattern formed at. So if you do get a close, so if you don't get a close above that, it just says caution, come Sunday night, Monday or whatever. You've got a nice TD9 count top and rogment and indicator top for the four hour timeframe chart. For that two hour timeframe chart, I've got to believe there's a A to B equal CD pattern. Yeah, there's a bunch of them. So the bearish reversal candle, that set up at top. So you've got topping patterns here on the top line for the daily, the five hour, the four hour and the two hour timeframe chart. If you're looking at a 60 minute chart out here, well, you've got a nice rogment and indicator top. Again, the high from yesterday. If I look at a 30 minute timeframe chart, we do not have a topping pattern. In fact, we did have a, well, I say we do not. That depends on where price closes at 1130. It's 1112 right now. If price closes above bar number eight of ATD9 count, that's the one that formed at about five o'clock this morning, that high is 42, 37, 50. 42, 40 right now. A close of about 42, 37, 50 says we go back to yesterday's highs, which on a 30 minute chart was both a TD9 count top and a rogment and indicator top. So you can see we've got all these tops out here for the S&P, the ESMini, that is for all of these interday time periods out there. And that makes yesterday's high the real key level. And again, if you get a close above that, boy, it's a real signal of a strong momentum move in the market. Now I had mentioned that the Dow does not have a topping pattern. So where is the Dow headed to? You know, to answer that question, we're gonna switch over and take a look at a different set of charts out here. For this, we'll go take a look at our, oh, by the way, we talked about this yesterday. We are at a new all-time high for the Dow priced in pounds, priced in euros, both in pounds and euros took out their January 4th, 2022 highs out there. Longer term, this is an absolute indication that the Dow will take out its all-time high. When significant tops are formed in a market, those tops will form in all major currencies at or about the exact same time. And I'm talking about within days out there. We're not talking about, this was the January 4th top, and it's, you know, so that's what this chart has done. It's now where is the Dow headed to? The Dow in dollars, that is. We take a look at our primary trading range. We're getting pretty close. In particular, the daily timeframe, price running into a descending trend line or channel line. If you take a look at the weekly chart, that's a center panel. That says we've got a little bit higher to go out there. And that could take us into the 34-152 mark. Steve Roche with TFN, hope you're right back. Booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-daining gold. VISTA Gold's flagship asset is the Mount Todd Gold Project in the Northern Territory of Australia. 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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 and 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. Thank you, folks. So let's get to some of the questions. Some of these are questions that came in yesterday. In fact, most of them are, that we just didn't get a chance to get to. So the first question I've got coming from HD, we want to take a look at Pan American Silver, P-A-A-S is a ticker symbol out there, as well as Newmont Mining. So yesterday, Pan American Silver took a trip to the downside with volume out there, substantial volume. So I don't know what's behind that move, having a chance to investigate the fundamental aspect, but volume was 11.6 million shares to the downside out there. Now, price is also trading into this hammer candle, this road's meant to indicate your bottom up there. Now that candle, that hammer candle, that was from the trading day of July 14th, only 3.3 million shares, but price was unable to bust out those lows. So what you need to see here today HD, whether it's today or it's tomorrow would have yet, in order to reject that swing point, you need to see a close above 1833, well less than 3.3 million shares out there. Now there is a new profile that has formed and support is at 1802 and we're trading 1820 right now. That's a profile that formed yesterday. So we've got profile support that is held, a big volume to the downside. I don't know what your question was, I apologize because I just wrote the ticker symbols and who asked about them. If you were looking to buy this, you know, I'd look at probably other mining issues out there or maybe just consider going along with silver contract out here, you know, don't like what Pan American Silver did. On the other hand, you've got a new profile that is held and if you get a rejection that hammer candle swing point and you're in this trade, you may get right back up to the 2158 level, but you've got some resistance with regard to that new swing point, which is at 1957 and then 2113 out there. So HD, thanks Wade and Pan American Silver, let's go take a look at Newmont Mining. NEM is a ticker symbol there. I'll take just a few moments for this to populate, which is what we need to do so we can see the patterns that are in here. Now, Newmont Mining did not pull back with volume like Pan American Silver did. And we can see it in Newmont Mining's case, it does have a confirmed roadsman to Mindicator bottom. It did that on the trading day while it generated that signal on August 14th. We had a nice bull sash candle, I confirmed the pattern out there. It then had a nice little hammer candle at the bottom of its bull structured daily profile that was on August 9th. Right now you've got prices consolidating within it. So if you're looking to get into Newmont Mining, we do like this stock chart better. We like it for a couple of reasons. On a weekly basis, you're going to get a confirmed TD9 count bottom. Now I believe Newmont Mining is the number one weighted instrument inside the GDX. So you get a nice signal here, both on the daily timeframe and on the weekly timeframe. The monthly timeframe, not so much out there. But this suggests in the case of Newmont Mining that over time price should go target its weekly oscillator and change on it, 56-34. Now, we can't say that that's going to occur until price closes by the top of the daily profile HD. And that level is 46-94 out there. So I would prefer if you're choosing one or the other, go with Newmont Mining out there. The preference would be buying this between the 44-51 to 45-12 level out there. So I hope that helps you out with regard to those two instruments. LB wanted to take a look at URA. So let's get that up on our screen out there. LB remains long. I can't recall if we got to this yesterday. I don't think that we did. So as we take a look at URA for the daily timeframe, all the prices doing here, LB, is taking on resistance. That's the TD-9 count breakdown resistance level. Thank you, G-Man. So PAS had very bad earnings. They most certainly did, and they had a lot of volume that came out of that. But 22.08, back to uranium out here, is the key level of resistance. Now, right now, price is trading with inside its daily profile. So the top of that profile is at the 21.67 level. But even if you can clear that, 22.08, which was tested yesterday, and you actually got to sell the D-point pattern. Now that I take a look at uranium. So you had that nice, I don't know if it's so nice or long, but you had that nice bearish shooting star candle. And that confirmed an A to B-equal CD pattern. But price remains above its green oscillator and change line, but below the top of the daily profile out there. So it's not completely neutral, but it's not exactly completely bearish out there. We change our opinion if price closed below 20.39 out there. Is there anything else that I see I don't. So if price can take out yesterday's high, then you're up and away, and that up and away would be 24.42 next and then above that 30.16. So LB, thanks so much for being kind and waiting a full day for that. A Hector and Patty had written in and they want to take a look at ConocoPhillips. COP is the ticker symbol there. So let's go get that up on our screen, see what COP is trading at. And it got 101.16 out here. Now, what you've got is an A to B-equal CD pattern. So you had a TD-9 count top that failed yesterday. I was bar following bar number nine. So that suggests a run towards the 1964 level. That's a TD-9 count. This is the daily timeframe. What is the weekly timeframe chart sells? And then we'll go look at the A to B-equal CD pattern. Well, the weekly timeframe chart, prices deal with resistance. It's right up at every resistance. 101.19, we're trading at 101.09. So what you'd like to see Patty and Hector, is certainly a close this week above 101.19 out there. Then you'd be above a weekly greenhouse center and change nine above the top of its weekly profile. That says we had higher. That had higher would be 1.1248. 1.1248 is the top of the monthly profile. Now, let's go switch back to our other set of charts out there, because we can easily draw in the A to B-equal CD pattern. We can also go ahead and see if the B-point was passed on volume. So let's clean this daily chart up here. Let's clean up the weekly chart. Try to clean it up. So now let's take a look at the A to B-equal CD pattern. First, let's draw this pattern in, because it's an A to B-equal CD pattern, whether its B-point was passed with volume or not out there. The volume on the trading session of July 29th was 7.3 million shares. Yesterday, 6.4 million shares. Today, 2 million shares in the first two hours of trading out there. So you got about 6 million shares or so. It still looks like you're gonna be light in the loafers. Does not matter. You have an A to B-equal CD pattern on the upside. The price projection level is 107.62. That is more likely to come to fruition. Your price can close above the 101.19 level. And again, that is both the top of the weekly profile, as well as its weekly oscillator unchanged line. So Hector and Patty, I hope that helps you out with regard to Conoco Phillips out there. Joe wrote in and he wanted to take a look at SQQQQ. Now, of course, everybody knows that, what I would do with regard to taking a look at the, a triple like the SQQQ or the TQQQ, would be to go take a look at, well, for me, it would be the equity future contract to look for signals out there. And we will do that. It might be after the break, but the question that came in was, so this is the short for the XQU. And I believe the question was, will this get to 39 or 29? I wish I could remember. You know, it's on my laptop, which I can't get over to that easily and see. So let me just take a look at the SQQ. What kind of signal do we have? Well, I guess similar to the NQ yesterday, which formed a sell the D point pattern, because I had that bearish shooting star. SQQQ formed a buy the D point pattern. It also looks like it's going to form wave number seven. That's letter G. Part of the Chapman wave, a small, very small part of the Chapman wave out there. So what this is telling you, Joe, is that price should go target its oscillator and change line. And that would be at 36.99. If price can close above that, then the next price target will be 39.71. If price cannot close above that, it's telling you you're really in the wrong position out here and that would be being short the NASDAQ 100. So we are about to head to a break. What I will do during that break is I'll pull up the NQ charts. Remember we looked at the S-mini? We saw all those short-term topping patterns and signals out there. Let's go see if the NQs have the same set of patterns. See road to a TFNM, but be right back. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. 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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. We got the Dow up 192 S&Ps 36, the Nasdaq 101 61, Russell's up 25. Trendy's are still the one that are down off 15 points. That's less than 1% or about 1%, 1 tenth of a percent, I should say, to the downside. So let's go back now and take a look at the NQ. Sort of a little bit of a follow up to the SQQ question from Joe out there. Wow, that's weird. What just happened with that chart? What, I guess I accidentally went ahead and deleted the 120 minute time frame chart. Well, that's a mistake for sure. That's okay, Stevie can resolve that issue. Put a new one in there. All right, so back to the NQ. Yesterday, again, you have that sell the D point pattern because of the bearer shooting star from the daily time frame. That says yesterday's high is critical. That high again, 13, 5, 75. But close above that, negates that pattern, says we had higher. We take a look at the five hour time frame chart, really the same pattern, the same signal, both a sell the D point and a rose momentum indicator top out there. The 240 minute chart had a sell the D point pattern that's the same place. I believe the 120 minute chart did as well. So now we come back here, the 30 minute time frame chart. Let's expand this one out. Try to not delete it. So at its high yesterday was a rose momentum indicator top. Price pulls back, I don't have a reason for it to have found support where it did on the 30 minute time frame chart out here, but it did. You had a TD nine count pattern that failed. It was bar number, the bar following bar number nine that was the high and it failed immediately after that. Tells us about a strong momentum move to the upside. You have another TD nine count pattern that may form. I say may form. We are now in bar number eight. Bar number eight will complete at noon. Bar number nine at 1230, the bar following nine at one. So you may on a short term basis, a 30 minute chart get a TD nine count topping pattern by, did I say one o'clock? Yeah, I think it was one o'clock out there. So you wanna watch that now. The bar that we're in, in order for that to even come to fruition, we have to take out the current high. That current high is one that was just established in that last 30 minute period. That's at 13, 483.50. So I just jot that down on a pad of paper. If you had to close above 13, 483.50 between now one o'clock odd's favor, it doesn't guarantee it really have to come back, make sure bar eight followed the rules, bar nine followed the rules out there, but it does look like that is a potential out here. We also have wave number seven, that's letter G that is in place out here. So it does look like we should see around one o'clock. That's when Larry will start the show. We should see at least the NQ is signaling that we might get some type of short term top right around that time period. Again, the pattern itself has to complete and we are not there just yet. So that's what's going on there. Let's go to, we've got a couple more questions that have come in. So I don't wanna get behind on those. Then the first one coming in from, let's get over to these charts here from Nick. And Nick was asking about UVXY. So Nick, I think that the best way for you to consider trading UVXY, well first, really if you wanna trade it, you should go to like two or three minute charts. I'll pull that up, we'll do that, we'll set that up, we'll take a look at that on my other screen out there and take a look at task market profiles. But in lieu of that, let's assume that you don't have those out there. What I would be doing is I'd be paying attention to the oscillator and change line. And that means if you take a look at it, it is acted as resistance ever since June 22nd out here. June 22nd, prices not been able to close above that. So I wouldn't really consider a UVXY until you saw a close above that level. Now that level right now is 940, prices trading at 890 out here. So that's how I would consider the UVXY. Now I had mentioned, let's see if I can get this here done. I can, we're gonna go change pages. Yeah, I'm gonna go change pages to a black screen. You'll just see me set this chart up here and I guess that's the black screen right there. Let's actually get a chart. And then let's populate this with UVXY. Let's go ahead and change this to like a three minute chart. Well, let's go to the actual wheel. Let's go to a three minute chart out here. And now we wanna do is we're gonna go ahead and add the TAS market profile. So if you give me a moment, we'll insert that study, we'll add it formulas, get down to my TAS stuff and we'll just put in the boxes here. There we go. So that should populate. Okay, so there you go. So now we're on a three minute timeframe chart out here and really UVXY is really quite a get on interday type of a charting signal. I hadn't looked at this ahead of time. I just recall because we've had a number of the debtors out there, listeners out there that have wanted to trade this and from time to time, we've come back and take a look at a two and three minute chart with these profiles and said this quite frankly is the way to trade it. What I want you to take a look at, the reason why you would not be long UVXY, and again just on a three minute base. So this has taken us back to 254 yesterday afternoon out here and since that time period, price has not been able to close above the top of a three minute profile. It actually did slightly at 10.39 this morning out there, but we've got Stevie's two bar rule out there. So this just a three minute chart would have kept you out of going into a long position. So now this is for the real interday traders that are out there. You're trying to catch a momentum type move out there. I'll just put up the two minute timeframe chart out here to see if that shows us anything different sometimes you know you want to go through these different if you do have this tool, you want to go through and try to find the timeframe that is providing you the best results out here. And actually the three minute looks to me to be better than the two minute, just curious what's the four minute chart look like out there. No one will simply move away. Four minute chart looks very similar with price being unable to close above the top of a profile. So this is pretty cool. So we're talking about one o'clock or so we could get a TD nine count top for the 30 minute NQ but I don't know if the ES has that same pattern out there but this is how you could kind of put it all together there. So if you really want to trade the UVXY I'd say go out and get the TAS profiles and try that I think that will help you out a ton. So Nick I hope that helps you out with regard to UVXY thanks much for taking the time to write in and have a fantastic weekend. The next question coming in from G-Man inside and Tiger's Den. G-Man wants to take a good Roblox, RBLX out here. So let's get that up on our screen. Let's actually change screens. That would be good. If you give me a moment we'll get that done here. Roblox straight out of 5027. Looks like it's above the top of its daily profile out there. So here we've got, so what do we have yesterday? Big old shooting star. Looks like the completion of an A to B equal CD pattern out here. Let's just draw in the one that shows up on my screen. Here's A to B. If we take that over to the C point out here did it complete the one to one level or is that still open? I really didn't complete that one. We go back further inside here Roblox. Yeah, so it's questionable whether it completed the A to B equal CD pattern out there. So we're gonna say it didn't at this stage. But you do have a shooting star. Oh, you do have wave number seven. A, B, C, D, E, F, G, there you go. So it looks like you do have a wave seven top but price is tested and reject that green offset and change line. You're above the top of the daily profile. G, man, I mean, if you're long in this position I'm not gonna tell you to close it. I'm gonna say just be cautious out there. Oh, it actually has a TD nine count top. There we go. So that TD nine count top that's what formed on August the eighth out there. And at price pulled right back to support the bottom is both structured profile that held. So the work is really done out here. Now the TD nine count top gets negated with a close above 5090, you're at 5037. So again, I don't see a reason to jettison this position out here. I do see reason to be cautious. The weekly timeframe chart is going to form bar number eight of a TD nine count but bar number nine has to complete. Now it doesn't have to be a higher high. Bar eight is the high at this stage. Bar number nine just simply has to close above the close of bar number five next week in order to generate that TD nine count top out there. But short of that, you know, things look pretty decent inside of Roblox. So all that I would do would be maybe tighten up my stop out there because of that TD nine count. But if it does fail, that would be a beautiful thing. I believe that, you know, if you're long Roblox and that would suggest we add higher but you've got to be cautious come next week. See roads with TF and N. We'll be right back. We'll take a look at the UNG for Alton. 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 and 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. 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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 866-476-7523. 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, foresight fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Thank you folks. We've got the charts for the UNG. That's the ETF that attracts natural gas. You wanna go take a look always. If you're trading UNG, you wanna go take a look at what the holdings are. It's likely the front month and in the following months, that'd be September and October. We'll roll through October next week inside the natural gas contract out here. So we'll be able to take a look at the UNG but really what we're gonna do for Alton is go take a look at the natural gas contract. God's favor that we're gonna see different pieces of information. Again, it's likely September and October's contract that we're trading inside the UNG. What the UNG tells us, shows us, well a couple of things. One right now, price is consolidated in Alton with inside its daily profile. That is between the range of 27 and a quarter to $30.81 out there. So that says you close above 30.81, you get back to its previous size. Now we can see that price back in the, a few weeks ago, July 26th, had made a run for that high, basically a 100% move of move. That's the high from back on June the 8th and then the retracement has been relatively shallow. So you actually could be getting inside of UNG perhaps inside of natural gas, a gigantic A to B equals CD to the upside. I mean, we're talking about the kind that could take us to 12, 13 bucks out there or so. So now let's go take a look at natural gas. Let's do that a couple of different ways. One, I'm gonna go to the black background screens out here. And here you will see daily, weekly, monthly and the quarterly timeframe charts out there. And I happen to have this all for the September contract, which is kind of unusual. So where natural gas is likely headed to Alton is that descending trend line. That descending trend line should get us into about the $9.36 sent area. If we take a look at the top of the monthly profile, that's at 9.59. So I'd say the range to the upside is gonna be at 9.36 to 9.59-ish type area out there. So if you're a long UNG, I would stay with the trade out there. I don't have any reason to suggest otherwise. So I hope that helps you out. Thanks so much for the request. Let's go out to Brent in Martinez, California. Hey, Brent, how you doing today? I'm doing great, Steve. I can actually say good morning and it's legitimate now. Yes, absolutely. I love it. I love it. How are you? I'm doing great. What do you have planned for the weekend? Oh, both my sons are coming home this weekend. I guess a friend of theirs that it's actually, my younger son is in his grade, thin grade, in high school and on the water polo team and just friends they've had for a while. He's gonna be going over to Europe. So they're coming down to kind of going away party. Now, does your son get the water polo from a sport that you played? Well, my wife and I, I'm that way back in 1984. I was a lifeguard and she was a lifeguard. So that's how we met. I just, we were both for swimmers and I was in the water sports, water skiing, surfing, all those kind of things. Just being in California, so. Yeah. I got them, taught them to swim young. My toy was two when you learned and she was five, I guess, so. Yeah, you know, the water pretty young. So yeah, just kind of went from swim team to transition into that sport and water polo. Yeah, I got to believe that that builds up a pretty strong core, I would think. Having to swim like that. So with the water polo, that is. So. My youngest son, he did like all the difficulties in the wrestling and then water polo and just the ones that take a lot of endurance and pretty difficult sports. You gotta get to do one of those extreme shows on TV, those ninja things, whatever, where they fly from. Yeah, American, you're a warrior. Yeah, yeah, yeah. That was on my mother-in-law actually likes to watch that. She's 94 years old and she likes to watch that. So she was with us for a while and so was on. I was sitting down watching it with her. Pretty amazing what those athletes are able to do. I know I would poop out after the first exercise or routine out there. But anyways, you wanted to take a look at hylion. I don't know if that's how you pronounce it. Hylion Holden's each. That's where I say it, yeah. I've longed this and put it as low back in May. Yes. And then I know it did finally got the crossover on the OUL. I think it should have done that test, you know, that. Yes. And then I just kinda wanted to go through the normal routine of on the day, the week, way, and monthly what levels to be looking both directions. Sure, okay. So when we take a look at this, I'll make sure I'm on the right screen. Am I? Nope, I'm not. We're gonna switch screens out here. So we'll take a look at the white background screens because they really tell the story that each of us want to know. When I say tell the story, if we look on the very right-hand side, we have the monthly timeframe. And what you'll see out there, folks, is you will see a TD9 count bottom pattern. So on a monthly timeframe, you've got a nice bottom. So Brent, this says that over time, price should make its way up to the top of its monthly profile. So 517 becomes a price target, especially as we walk through this. So we look at that weekly timeframe chart. This formed a roadsman, diminicator and wave number seven bottom. It did that the week of May 13th. Price is already above the top of its profile out there. So what that really does, that sets up an A to B equals CD pattern. Now, I'm just simply gonna draw that pattern in on my black background charts just so I can provide to you, just I'm gonna try to do that. There we go. Just so I can provide to you some of those A to B equals CD targets. We're already above the one to one level. So the next area, and this says what price should do then Brent is then target 484. Above that would be the 1.618 C to D extension. That would take us to 532. So that would say you need to clear the 517 area. So short of some type of weekly bearish reversal candle, price should continue higher and should target those next levels out there. Any question about the weekly or the monthly chart before we move on to the daily? That's great Steve, that's what I was looking for. Okay, perfect. So now on the daily timeframe, what's a daily timeframe telling us? Well, the daily timeframe, if we look at the bottom out here, a wave number seven bottom, that was specifically on May the 12th out there was confirmed on the very next session. We can see A to B equals CD patterns here. What's missing is any kind of bearish reversal candle. And right now price is just dealing with natural sellers that are at the top of that daily profile. And Brent, that's at $4.62. Now you have natural buyers at the bottom of the profile and that was tested earlier this morning. That's at $4.35. If you did get a close blow at $4.35, then we'll be looking at some kind of retracement. We don't have that just yet, but that's your support. $4.62 is resistance, whichever side fails tells us the next type of direction. Now, if the downside fails, where is price likely headed to? I would say more likely than not, it would target the top of that weekly profile, 371. It could get all the way down to target 330. But I think 371 would be the level I'd be looking at if price were to close below the bottom of that daily bullet-structured profile at $4.35. So does that provide you with the information that you're looking for? Yeah, very much so, Steve. I appreciate it. Perfect. So it looks like 517 is in the cards out here over the long haul unless we see some other kind of failure out there. So Brent, is there anything else that I can do for you? I think that's it, as I was going to tell you. It was a pretty crazy thing. My youngest son's always been, I don't know, just never had any fear of doing it even as a young child, you know, just doing kind of crazy stuff. And he sent me this video when he was in college that I don't know if you know what a slack line is. It's kind of like a, almost like a tightrope. Okay. But they can, they string across T's like T trees or some supports. And it's a flatter, it's only probably like about maybe an inch or so wide. And you just, you walk across it and it's good for your balance. And then, so he had done that all the way to the end and then he did a back flip off the thing when he was done. Oh man, that's cool. That's very cool. Well, for me, we would need the Medics out there after stuff. Yeah, exactly. Me too, Steve. Hey Brent, good to talk to you. Steve, thank you so much. You too. Steve Rose with TF and that was Brent from Martinez, California. We'll be back in just a minute. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accreted transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold 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. 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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 tigeresses 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. We've got the Dow up to 10 S&Ps up 36, NASDAQ 100 150, Russell's up 26. Trendy's are still off just a tad about eight points so they're basically flat out there. We're gonna go take a look at the energy sector to finish out the show out here. This is for Hector and Patty. They are fuel injectors. Now Hector's specific question is, is the XLE on a weekly A to B equals CD to the upside? And the answer is it certainly is, it could turn into something like that. I mean, there's already one that has played out but is there a second one that's forming? Hector, we won't know that unless price takes out that high from the week of June the 10th out there. So I know you're asking was this basically, I think what you're saying was this a C point back in July of an A to B equals CD to the upside? I don't know the answer to that question. Here's what I do know the answers to though. The daily timeframe, the XLE generated a TD-9 count top that did it on July 29th. That led to a retracement back to support. That was the bottom of the profile in this breakout level supported 69.66. Price is back inside that profile. Price is consolidated with inside that profile right now. So your support and resistance zone for the XLE supports at 72.32, resistance 77.87. We are trading at 77.41. So you've got a little consolidation on the daily timeframe chart out there. Now, the daily could form a new A to B will CD to the upside and that would require price to close above that TD-9 count top, that TD-9 count high is 78.66. The volume on that trading day, which was July 29th Hector had volume of 25 million shares. You closed inside that yesterday with 30 million shares. So price is pushing into that swing point with volume. That would be the next A to B equal CD that I would be looking at. Now price has to take out that high, but if it does that, then that A to B equal CD pattern would like like this with a price projection, the one to one taking you into about the $84 level. But to answer your question on weekly, you're also consolidating with inside the weekly profile out there. So no weekly A to B equal CD. Hector and Patty have a wonderful weekend. Everybody else, you do the same, be safe out there and we'll see you on magnificent Monday. Thanks for joining me here this week at this new hour. It's been great. Hope it's been good for you too. Again, we'll see you out there. Take care.