 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks, welcome to the October 17th, the magnificent Monday edition of today's Traders 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. Hope everyone out there is having a great day and let's make sure we have an extraordinary one of 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 well it 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. 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 am 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 would love to hear from you you give us call at 877-927-6648 now if you can't call in but you still have a question you can always send me an email now that you send to Steve at tfnn.com send that early and inside the subject and if you'd be kind enough to put radio show question of course if you're inside our Tigers then well any in every ping we all do so let's go ahead and get this show started on magnificent Monday of course this is Tiger financial news network I'm Steve Rhodes welcome to the show right now we got a sea of green out there all the US indices are trading to the upside dows up 431 points that's one and a half percent two and a quarter percent for the S&P or 82 points and Aztec two and eight tenths percent which is 300 points two and seven tenths for the Russell 45 points one of six tenths for the semis up 35 the trend is up one and a half percent or 185 goals of 19 bucks she's trading out at 1668 silvers of 56 pennies that's 3% of the upside or 1863 lights recruit is up 65 cents she's trading out at 86 26 let's change that to the December contract here give me a moment to do that set it states up but again the same 67 cents trade out 85 32 natural gas we're going to flip that over to the December contract as well give me a second here that's off about 50 cents or 36 cents what I should say trading out at 646 the 30 Treasury is flat at 123 and a quarter now lead the charge dollar wise the upside you got Mercado Libre up 80 bucks 10% big move their equinix up 21 bucks 4% into it up $19 nearly 5% black rock is up nearly 19 bucks or 3 and a half percent to the downside it is NGM biopharmaceuticals off 8 bucks or 72 percent yikes Minerva Neurosciences back 8 bucks or 60 percent well that's a stinger and the rest of our ETFs regenerate pharmaceuticals are off about 5 bucks six tenths of percent to the downside so let's begin by taking a look at the um yeah let's do the play by play let me give you the chart that's most important for you to be paying attention to today or at least uh well at least for the for for some of the day out here and we're going to change panels it's going to be our hourly charts by the way for our equity future contract out here so when I sent out the newsletter this morning it's pretty early at a doctor appointment hearing a doctor appointment out there my years were clogged from a flight of still 30 days ago on the 17 flying back from Antucket and so anyways I still I have a little bit of uh moisture or water in there so we'll get that cleared up and that should be okay but in any event as I sent that out early this morning when I had suggested to uh subscribers is watch the 60-minute time frame charts because they're likely to form a TD9 count top by 10 o'clock and in fact that's exactly what took place out here so you've got TD9 counts for each of the four equity future contract the ESNQ YM and the Russell 2000 so those highs are the critical level that if price closes above on a 30 minute to a 60 minute time frame by apology on a 60 minute time frame that will tell you about price moving higher now because we have a valid top out here and the oscillator and change lines have changed color the exception being the Dow which is stronger is the strongest of the four still nonetheless what price and that oscillator and change line should do is test each other now it could be a combination of price moving sideways while the line moves higher price moving down whatever that combination is right now those lines are printing out at 36 48 for the ES about 10 10 929 for the NQ 30 053 for the Dow and the Russell at 17 17 but a price closed above the highs this is the key number to write down so now you're looking at 36 96 25 for the ES mini a 60 minute close above that suggests that we had higher for the NQ the level to be watching is going to be 11 117 even Steven for the Dow equity future contract that number is going to be 33 61 and for the Russell 2000 its TD 9 count threshold level 17 45 70 close above that that suggests we had to higher ground the higher ground says we've got to go look at other charts out there so let's do that let's switch back and take a look at the daily time frame charts for each of the four equity future contracts so give me a moment to do that we'll go back to the black background screens out here momentarily we'll have the daily time frames up for each of the four equity future contracts the upper left hand side is the ES mini so we can see right now that price is tested both on a Friday Thursday and now today both the top and bottom of the daily profile so we know that the profiles are doing the right thing which is identifying where buyers are located which said 36 50 35 65 and sellers are hanging out at 36 93 a close above 36 93 quite frankly be too close above 36 93 would suggest we have a change in trend and at least get back to the most recent eyes out there in the 3800 ish level and I would say that price would likely go run for its descending trend line you can draw that on your screen as well the NQ has more descending trend lines than the S&P 5 does the ES mini does but still we take a look at the NQ what it did on Friday was tested and rejected the bottom of its daily profile that daily profile numbers 10 733 that is held so far today price not made its way up to the top of the profile like the ES mini has but it should be able to do that of course it's got this TD 9 count pattern that it's got to reconcile with now a test and rejection of those levels those green lines wherever they format with price pulling back or however that works out a test and rejection of a green offset and change line after this change colors would be a bullish signal but price still has to clear those TD 9 count tops to the Dow equity future contract lower left out here it has not been able to make it above the center of its bearish structured profile that's where the sellers are hanging out and that's between the zone of 35 45 and 31 256 if the Dow can close above 31 256 it should be game on to the upside out there that next upside in the 33 32 give the number 32 789 is type area because in the case of the Dow that would take out its descending trend line the Russell 2000 consolidate with inside its daily profile you may notice only two lines out there and that's because the bottom and the center is where both is where the buyers are hanging out it's a basic it's just buyers period because the center is at the same price level as the bottom of that daily profile 1665 75 it closed below that which should be a very strong support level that just says curtains and likely a larger A to B equal CD to the downside so that's what's going on we take a look at the daily equity future contracts as well as the 60 minute timeframe charts Steve Rhodes with TFN would love to hear from you at 877-927-6648 or Steve at TFN.com of course for you in our Tiger's Den that's another way to reach me as well we'll be right back coming inflation we are purchasing powers eroded there's no better place to protect your hard-earned money than in gold this the gold 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 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 Mount 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 this thing which is Mount Todd is an attractive dearest pot ready development stage gold project this the gold trades on the New York stock exchange under the civil 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 and 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 folks so the what you're looking at on your screen right now is the 30-minute tool that takes look at the market breadth for the s and p 500 the s mini as well as the nq the ndx 100 what i've got up right now is the ndx 100 excuse me or the nq if you look in the very upper left what you'll see is there are currently 19 instruments on a 30-minute basis traded by the top of that profile and 48 below the bottom excuse me folks get something in my throat here and it doesn't want to budge so that generates a bearish crossover remember we're looking at the td9 count top in the 60 minute i notice that the 30 minutes also have a td9 count so they're suggesting a retracement of pullback to at least their oscillator and change them we'll take a look at that momentarily let me give you what the s and p 500 looks like at the moment again this is a 30-minute time frame chart that we're looking at and as this populates what we're going to see out here is that there are 114 instruments trained above the top of their 30-minute profile versus 193 below the bottom so we've got that bearish crossover on the 30-minute time frame and that suggests a retracement that is logical now we're going to go take a look at before we go look at the multi time frame charts out here are the other four time frames that we have our market breadth for and if we take a look we've got bullishness is the nastic 100 for the 62 40 and daily we take a look at just exactly where they're at from a profile standpoint what we'll see on a hourly basis is you've got 69 trading above the top of the profile 12 below the bottom so remember we're taking a look at the 60-minute nq chart we were saying get that oscillator and change line you've got a td9 count top price net line should test each other so right now that line is at 10 9 24 but you're looking for a test and rejection as long as market breadth remains bullish out there that test rejection would then be the catalyst to suggest that that would be the next buy point out there but the 30-minute chart also happens to have a td9 count so which of the two are going to win the day i don't know if we take a look at the uh that's the hourly time frame the four-hour time frame 52 instruments above 12 below again the cndx we're looking for and on a daily time frame which is a flip back to a bullish just slightly 20 above 14 below but if this can stay bullish at price in the nq can close above the top of that daily profile the 11 232 area out there then that would suggest a further rally is likely if we switch over and take a look at the market breadth for the s&p 500 instruments out here you can see it's also bullish for the 60 the 240 and the daily so just the weekly um and that spot volatility is being above its 50 day exponents moving average that are really the thorn in the side of any bullish run out there now back to the charts let's go take a look at the multi time frame charts that we have out here for the nq you'll momentarily see that 30 minute time frame that's going to be at the bottom of your screen that's second over from the left and in fact i'll just simply expand it out and then that's all that we're taking a look at is a 30 minute time frame chart out here so on a 30 minute basis we can see you had a nice td9 count top that formed at 10 o'clock before following bar number nine that threshold level uh the price needs to clear is 11 1117 even steven so the same price point as the 60 minute time frame chart but here the oscillator and change line is at 10978 that's much higher i say it's much higher 10978 versus about 10 10925 so i don't know which of those two uh it is that's going to work but a close below 10978 would suggest getting back to the uh the 60 minute oscillator change but there is a new profile 30 minute profile that's formed at 10978 so that would be the area to be looking for the next potential buy point and this is an interday time period of course you still need price to close above that 11 1117 number i believe it was which is the 10 o'clock high uh the bar that occurred during that 10 o'clock 30 minute session out there um let's see if there's anything else to really take a look at on these charts out here nothing else that i see uh worthwhile at this stage now let's assume that we just got a normal retracement back to an area of support and then price takes off from there because we've got that market breath bullish market breath is 6240 in the daily time frame that's really the message that is provided to you and i then the area to be watching is going to be now looking at the two hour time frame chart is going to be the 11 250 350 area that's the td9 count breakdown level for the nq so i think that's about all that we need to do to uh take a look at the nq charts let's do the same thing here for the es mini let's give this a few moments here to populate again the es mini daily 240 and the 60 minute time frames each have bullish crossovers that means there's more instruments trading above the top of the resistance the top of their profile versus trading below support the bottom of the profile and that's what should help to lead as long as those conditions remain to a further rally now the es mini charts here they're just populating my apology they're taking just a tad longer we do know that that 3694 area is a real key level that's the top of the es mini's daily profile out here so everything is kind of coming to fruition right now so the 30 minute time frame chart for the es mini also did form a td9 count top so that resistance level to be watching oh wait a minute here i take that back the es mini did not unlike the nq the es mini negated its td9 count top immediately now that doesn't mean that it's not going to pull back the nq i believe is the thing or the instrument that is driving things out here so the es mini test rejection of about the 3661 ish area out there that would be a bullish sign and the only resistance that it really has is wave number seven that was a high that came at nine o'clock on friday morning out there so that level by the way is the 373375 area so we don't have the same pattern on a 30 minute chart for the es that we do inside the nq but we do have the hourly es mini td9 count top and 3649 is basically its price target to the downside to the upside out of further rally you'd be watching 373375 that's the td9 count breakdown level for the two hour time frame chart now as long as we're here and we have no questions let's look at the dow let's go see what the dow is signaling to both you and i uh so let's just give this a moment here to populate dow equity futures right now in a daily time frame well on any time frame they're trading out a 3150 remember the center of its daily profile is up at the 3545 level now what you'll notice here is there's really a different set of profiles in the white background charts than the black background charts and i use them both and uh but what we know about the black background charts is price has been unable to clear even get above 3545 so if price can do that that's going to suggest to run up to the 31256 level the top of the profiles are the same whether i'm using my black e signal charts or my white ninja trader charts out there so we do know that sellers are lined up at the 31256 area out there the 30 minute time frame chart for the dow equity future contract did not produce a td9 count up just the 60 minute now the 60 minute basis out here the dow is the strongest of the four we can see that price is already tested and so far at this stage here is rejected its green oscillator and change line so it is already telling us that it wants to continue to move higher in fact the dow's 30 minute equity future contract is pulled back to a level of support it's green oscillator change line even though it didn't have that topping signal which is really being driven by the nq but the dow is preparing is telling us it's preparing to move higher and again a close above that td9 count high that's the bar at 10 o'clock this morning for the 60 minute time frame 3361 will tell us that we should head to higher ground now that higher ground remember you got that 3545 level out there but you clear that and likely you're headed to 31 256 steve roge from tfnm would love to hear from you i did hear from dan and dan wants to take a look at day on the man levitan beru so let's do that for dan we get back to this break 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 xu hui gdx as well as more than 30 different mining equities to see for yourself 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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 you got the dial up 514 S&Ps up 90 the NASDAQ winner is up 346 we got a caller on the line it's John in Philly so let's go out to John and Philly John thanks so much for calling hope you're doing well today how was your weekend he's very good and glad oh we got a breaking up John he must be on a fishing boat somewhere that's a beautiful thing hey John can you hear me okay hmm okay doki so we're gonna do this by mental telepathy out here oh that didn't work out very well kc uh and if john if you can't hear me i just keep uh keep talking and but i know that what john is calling about uh is here steve ah good good good okay i got you back perfect so you're calling about the coffee contract which has been trading the lords back towards its july lows out here tell me what you're looking at and how i can best help you steve i haven't talked to you about coffee futures for over a year steve um as you you uh you and i know how one another trade uh uh quite intimately many of your listeners do not so i'll just tell you is um i'm always looking to find intermediate term bottoms and tops and then find an intermediate trend that starts to develop and speculate that way speculate on a new trend and clearly i miss many trends and many times and i'm looking for a bottom and or a top i'm wrong uh and in those events i just skip it and move on here in the case of coffee uh steve um you and i spoke a lot in 2019 and 20 as i was probing for a bottom uh that market rallied dramatically in 2021 and i was riding that and trading that aggressively and all of this year i've done nothing with it since um uh i had in effect milk the bull market in coffee um not knowing uh if it would turn into a bear so that's the history okay i'm calling i'm calling uh about coffee today because as you just pointed out it has come down it's coming down and uh testing a prior low and an app happens to be a fib 3a2 mark on the weekly charts so i'm calling to ask if you can share with me what your td9 counts what your rmi indicators say and anything else that might answer the question could we see a bottom in this december coffee futures soon sure okay so thank you for all of that information that's perfect uh the first place that i'll start with the folks out here is really a small a to b equal cd pattern that is in place out here so this is the first pattern that i would be watching and i'm putting in the a to b equal cd the a point out here that i'm using folks is the high from august 25th the b point looks like it's the low from september 19th and that was a 66 percent retracement up in the high in september 26 price right now today is uh uh or freely on friday crushed the one to one price projection level so the next price projection area that would be my 1.272 expansion of the cd leg would take us to about the 191 22 area now what we're watching for here folks would be a bolus reversal candle if we get a bolus reversal candle that will confirm a buy the d point patterns that's the first thing i see on a daily timeframe i know you didn't ask for that specifically john but i certainly wanted to point that out i know i know that you know about that i want to simply point that out to all of the other viewers out here so now let's go switch over to the white background screens and the white background screen we're going to see is that today is only bar number six for a td nine count for its daily time frame out there we do have on a five hour time frame chart it does look like and this is this current bar will close at says 130 yeah so it's at 130 uh what we should get out here let me just make sure my apology let me make sure so you gotta get below 195 65 what we get down to on this bar 190 oh not 195 80 so price has got a poke below 195 65 between now and 130 and then we'd have another five hours so that would say in the evening session is on a five hour time frame chart you could john get a td nine count bottom pattern out there the 240 minute chart already has a td nine count bottom and that says a price closes below 195 65 for a four hour time frame that pattern would get negated so that would then signal to you and i that uh you revert back to the daily time frame watching for the a to b equals cd pattern i don't have any kind of a bottom signal for your two hour time frame chart nor the 60 minute chart out here if actually on the 60 minute chart i take that back there was a roge meant to mitigate her bottom there still is a roge meant to mitigate her bottom that pattern would get negated with a close below 195 65 that's the same for the 30 minute time frame chart so that's what i see when it comes to the td nine counts a roge meant to mitigate her signals out there at least the ones that would really make a difference to you um not much else that i see out here john i know you're looking at charts uh that i've got posted here on the screen any questions that you have about these charts or anything else that maybe i shared with you earlier now next day that is uh very well just what i asked for um as i uh mentioned this 195 ish area yeah on the weekly chart as a fib 382 support mark i have not taken a position if i see evidence of basing i'll likely be uh probing uh with buys and if i work myself into something along those lines and it starts to work i'll be uh following up to ask you um uh further guidance in the next days or weeks but for right now that has answered all my questions i thank you perfect john thanks much for calling always great to hear from you that was john in filling folks i would love to hear from you as well the numbers eight seven seven nine two seven six six four eight let me just check here real quickly see if there were any emails that came in i've got nothing by email nothing i believe by inside the tiger's dental let me just check here real quickly yeah nothing that i see uh hi steve what is your outlook for the qqq thanks denis okay so we do have questions so we're going to go answer that so really denis the answer great question um get these charts here to repopulate but i'm going to switch over actually to my black background screen to um to answer your question for you so momentarily we'll switch over to that and we'll get out at this spot this chart here and we'll go right to the i'm going to put up the daily equity future contracts again so this is the area this is what i'd be watching denis if i were you're asking me what's my outlook is first let me tell you what the market is doing and that is with regard to the cues or the end cues out here okay we're looking at the future contract because that's really providing us with the best signals right now we're in a consolidation and that consolidation john is in between the bottom of the profile at 10 733 in the top of the profile which is 11 231 until either side of those breaks closes above or below we just have a sideways consolidation that is the move that's the that is the message it's clear as can be and it's just as clear if you take a look at the es many you can see the new profile that is now three days old price has found resistance to the top has found support at the bottom and so we got good old-fashioned consolidation now specifically on the nq chart i'm going to expand this out here what we can see here is that price is not closed above the top of a daily profile for two consecutive sessions it has not done that since the trading day of august the 15th so let's say that there's going to be a rally in the nq takes out both that's first descending trend line uh out there denis as well as the top of its profile and it could do it for two consecutive days 11 231 75 i believe if we get that then the message that the nq charts are telling us is that price should continue higher we've got positive market breath on a daily time frame you don't on a weekly so it could be a bit bumpy but uh watch 11 231 75 for the daily nq two consecutive closes above that and we have a change in trend we'll be right back you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal 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 entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 in 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30 day money back guarantee 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 direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at eight six six four seven six seven five two three the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz back up folks so we're looking at ticker symbol v eru this for dan inside the tiger's den and currently traded out 1172 and clearly another instrument that is consolidating with inside his daily profile that's between 1048 and uh 1235 now 1048 you'll notice there's only two lines here as well so at 1048 is both the bottom and the center of its profile out there so that's considered to be oh i take that back take that back i don't think that give me a second here look at the white background sure make sure no i don't know white background charts 1048 is both support at the bottom of the profile as well as the center so that's a real strong support level now prices above that red asset and change line dan that signals to you and i that price should be able to make a move up to the 1235 level pricing close above 1235 two consecutive sessions that would suggest that we move higher move higher to where well the bottom of the weekly profile is 1260 so that certainly comes into play 1260 the price can close above that then you're looking at the next battleground in the 1393 level and above 1393 the battleground will be 1924 on a monthly time frame prices pulled back it's tested as rejected its green oscillator and change line it is trading with inside its profile so conditions are consolidating there too but more on the bullish side with price being above its green oscillator and change line but the weekly is below the green oscillator and change line and below profile out there so i know what you're looking for which is i believe you said it was a positive outcome from an FDA approval that i think you had some friday i don't i apologize i don't remember uh maybe it wasn't a friday and that's just coming from somewhere else i know you're waiting for a approval there and you know and what i don't have so i could share with you what i don't have is an actual bottom pattern for the daily time frame or do i have a bottom pattern i've got a top pattern most certainly for the weekly time frame but no bottom pattern for the weekly time frame so if uh if they get bad news so the good news would say price is going to take us above 1235 the top of the daily profile up to 1260 then to 1393 and the price can close above 1393 then it's off on its merry way up to the 1924 area so that's the that's the that would be the bullish case out here what's the bearish case i don't know if this is going to turn i don't know if this will but but if you just get bad uh bad results out there the whatever trial it is you're waiting upon let's just go take a look at the black background charts just simply because i can draw the a to b equal city so we know that the weekly chart has a confirmed roadmap to mitigate our top that's we took a look at uh so now let's take a look at the potential i say just potential of an a to b equal cd to the downside and in this case here you know i hate doing this when i say i hate doing this what i mean is i hate having to use the same bar which would be the week of september 5th as both the b point and the c point but that is really how it would have to be done and that one to one would get you down to um two dollars and 73 cents 273 so that would be the worst possible outcome uh you do have some supported 566 but right now as far as looking for some kind of signal even if i take a look at a 30 minute time frame chart and i'll pull that over here to this black background screen let's just see what kind of signal we have here on a 30 minute basis what did this do not much so i don't have anything really here dan uh to provide to you on a 30 minute basis so we've just got to go back with the consolidation where buyers and sellers reside and uh hope that you i get the outcome that you're looking for from your fda chart out there so uh thanks for being patient over on 9th November 9th is the advisory meeting out there so uh hey let's take a look at it on the 8th i'm not sure what day is the 8th or the 9th but whatever day it is that before that what we're doing a live show then uh let's uh let's take a look at that and you go on what watch at that 1048 level between now and then you know price really shouldn't be uh shouldn't uh fall below that area that's really the place to kind of load up if you will if you're trying to get your full position in so uh dan thanks so much for the request hope that helps you out we do have another request in here that's from hector and patty and hector and patty want to take a look at ticker symbol gt ls so let's get that up on our screening out here let me see what screen do we have let's go to the white well yeah let's just stand in the black background gt ls so the question goes like this happy marvellous monday well thank you same to you hector and patty gts the oscillator chains on support and resistance on a weekly please also do you see an a to b equal cd at the upside so now let's answer the a to b equal cd pattern out here and so i think what hector and patty are looking at as a b point is the week of that began june 6 which had 1.6 million shares and that was passed with 2 million shares the week of july 25th so the answer is yes there is a confirmed a to b equal cd to the upside the a point down here that i would be using is the low from january 24th the week of then the high of june the week of june the sixth and then the low from the week of july the 11th the one to one a to b equal cd pattern hector and patty take it at 229 63 and a price can clear that first it's got to clear the top of its profile 214 14 but if it can clear 229 then you're looking at a move to the 252 ish area out there of course you know the game plan the game plan would be once you make it to the one to one area or very close to it you look for a bearish reversal candle if you get a bearish reversal candle that would create a cell the d point perhaps even turn into a a butterfly cell pattern so that's the a to b equal cd that was a weekly time frame that you asked for now let's go provide you the oscillator and change line and the td9 count values for the three different time frames that we have out here you are specifically asking about the weekly time frame and the oscillator and change line is currently printing just a below price 192 97 now a close above 192 97 should really lead us up toward now this is a slightly it's a weekly profile that i'm looking at the weekly profile is i was very so slightly bearish but it's pretty evenly distributed so price needs to close above not just the oscillator and change line hector and patty but a close above the center line at 200.31 on a weekly base so you didn't have those charts up now they're up okay so uh you can see on the weekly trade just above the oscillator and change line to 100.31 you didn't ask for the task market profile but you did ask about resistance and that most certainly is it and above that the next resistance would be the top of the task weekly profile 214 14 on a daily time frame out here what do we have we've got a rogeman dominicator top don't know why price found support why it did when i say that i mean i don't have a bullish reversal candle for a buy the d-point pattern but nonetheless that it did so i'm not getting uh pattern signals per se on a daily time frame so what i can share with you is that right now price has found resistance that it's daily oscillator and change line that's at 195.04 so presumably it closed above that would then lead to that move up to the 200.31 area and above 201 200.31 214 14 um the price were to close today below 191 that would be two consecutive days back inside the daily profile hector and patty and that would then be signaling to you and i that price may want to go test the bullish structured support area of its daily profile and that'd be between the range of 176 10 to 179 68 so hope that helps you all with regard to gtls that is a chart industries ink again trading out at 193 98 thanks again for the request no other requests that i've got here we're going to go to a break in about 15 seconds so with that being the case let's go back and take a look at those nq charts out here remember the dow on a 30 minute base is already tested rejected its oscillator and change line let's get a feel here for what the nq has done if anything with regard to that pattern well what it is doing it is taking on the td9 count top the threshold resistance well let's watch the 30 minute chart which is going to close in about 10 minutes out there and it closed above 11 117 would suggest we continue to add higher steve roach with tf and n we'll be right back this to gold owns and operates the largest undeveloped gold project in australia the mount todd gold project this to gold just completed their feasibility study resulting in a seven million ounce gold reserve this to gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing an accretive transaction this to gold trades on the nyse american and tsx under the ticker symbol v gz mr. 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 tf and n dot com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge 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daily time frame for both the es and the nq what that should lead to is the nq now the next resistance level but i noticed that there was a top of the new profile on a 30 minute phase that formed out here so i'd give me a price close above that td9 count well we have to make a slight change so price really needs to close above 11 133 25 to have a clear path to higher price on a 30 minute time frame now that clear path should then take us to 11 231 75 now like i expect that that is a the likeliest outcome because of market breath being bullish for those four time frames that we looked at and price should be able to take out the 11 231 75 level as long as market breath remains bullish and positive out there the next battle assuming that price is able to take out these levels that we look at not the 11 231 but on the intraday charts out there then we're looking at between 11 231 75 and 11 253 50 so that's where the spike would likely come when i say a spike to move higher above the top of that daily profile and then a price can close above 11 253 50 that would be a really bullish outcome for the nq let's see if we can populate the es charts here before the show is over uh it should take just about 10 seconds or so i'm hoping and we've got about 30 40 seconds perhaps left inside this segment out there but the es mini as we speak i'm just looking at my other screen out here it is taking on the top of that profile that's at the 36 93 area so close about 36 93 it's going to be a bullish outcome again i'm waiting for the es mini charts to populate out here for the intraday time periods just taking a little bit longer than i had hoped for but if you get a close about 36 93 you should head back to the 3800 ish area out here i'm looking for a td9 count breakdown level to be watching 37 3375 to the upside that is courtesy of the two hour time frame folks day two we've got some great programming all day long i'll be back with you tomorrow on terrific tuesday please have a safe magical magnificent marvelous monday take care folks