 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 October 18th. The wonderful Wednesday 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. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now, 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, it means we can find the gift. In every set of circumstance, that life is gonna toss at us. Now, today, you and I, we're gonna go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here. But 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. We'd love to hear from you at 877-927-6648. Now, if you've got a question, but you can't call in, you can always send me an email. Send that off to Steve at tfnn.com. Inside the subject heading, please put radio show question. Now, of course, if you're inside our tiger stand, well, then any and every ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now, we've got all the US indices that we track trading to the downside. The only sector or two sectors inside the S&P 500 are trading the upside. That's the energy sector and the consumer staples level, the XLE and the XLP. Downs down 169, about a half a percent. Nearly eight tenths for the S&P are 35 points. Nine tenths for the Nasdaq, 131. And one and a half percent for the Russell, 27 points there. One and six tenths for the Summys. A 57 point move, 3% for the Trannys, 450 points there. They've got gold of 22 bucks. Silver's down 10 cents. Light's being crewed as up a buck, 64. Natural gas up three pennies of 30 treasureies on one point and four ticks printed out at 108 to 28. Leading the charge dollar wise, the upside. You've got Falcons beyond global, up 259, 31 dollar move. Maybe today is their IPO. Northrop Grumman is up six bucks. One and a quarter percent. Inspire Medical up three and a half percent. Nearly six bucks. Lockheed Martin, five bucks, one percent. McDonald's up four dollars. That's a 1.7% move. To the downside, booking holdings up 73 dollars, two and a half percent. BioRad Laboratories 27 bucks, nearly eight percent. Asmil Holdings 25 bucks, 4%. United Rentals 21, 5%. HubSpot 18 dollars, about 4% to the downside. So we've got movers and we've got shakers. Let's begin. First let's just understand market breadth right now. Let's take a look at the four primary time frames. Weekly, daily, 240 and the 60 minute time frame. This is for the S&P Pop 100. We're just slightly bearish on the 60. We're bullish on the 240. We're bullish on the daily. We are bearish on the weekly. You know what that says to Stevie, choppy market, at least for the S&P 500 and the X100. Bearish on the 60, bullish on the 240, bullish on the daily, bullish on the weekly. Again, we've got choppy market conditions when we take a look at the TAS market breadth. But here's the important thing to know. It's not that bearish the TAS market breadth out there. So what does that mean? Well, the 60 minute TAS market breadth for both the ESMini and the NQ was bearish at a bearish crossover. That meant more instruments were trading below profile than above profile. So one of our questions that is in already is to take a look at the 60 minute TD9 counts for the ESMini. I think this individual is onto something. Who was that? That was CKP inside the Tiger Sense. So let's go take each of the 60 minute equity future contracts out there. What we'll see in three of the four cases. Now we've got those charts up on our screen. For example, CKP knew this. This was just a trick. And CKP knew that a TD9 count bar had completed as we came on the air at 11 o'clock. That means this pattern will complete by 11.30. That says we should have a bottom between now and 11.30 with price bouncing up to 43.69, perhaps 43.76. We take a look at the NQ doing the same thing, a TD9 count bottom. Did I say by 12 noon? Maybe I said 11.30 if I did. 60 minute time frame chart we're looking at is by 12 noon. I think I said between now and 11.30. Between now and noon. Both for the ES, the NQ and the Russell 2000. Each of them in the bar following bar number nine. What that should lead to doesn't mean that it will. What it should lead to is a rally up towards those oscillator and change lines. Now sometimes there's profile levels that get in the way. In the case of the ES, we mentioned those profile little levels. In the case of the NQ, its profile level is at 15.132 and the oscillator changed out of 15.147. That's where price should go target. Now the Dow is the holdout here. The Dow does not have a TD9 count pattern. It's only in bar number seven here. So it's not participating. We'd like to have a unanimous vote out here, but you don't always get what you want. In the Russell 2000, also forming a TD9 count bottom that will complete as we come, as we come off the air at 12 noon. That should result in a relief rally that takes us up towards 1760, maybe even 1766. So CKP, you knew the answers to that, didn't you? I'm gonna guess the answer there is yes. So courtesy of CKP, you've got those TD9 count bottoms for the 60 minute timeframe chart. That ought to help the intraday traders out there. Let's go on to, let's just take a look at the general markets out here. Let's go take a look at, let me close these charts out. I say the general markets. I really mean the equity futures, but just for longer time frames. So if you give me a moment, we'll pull those charts up and we'll come back to these here. But first we're gonna take a look at daily and weekly time frames for the equity future contracts out here. And those daily and equity are important for us to take a look at. For example, on the ESMini, you've got to confirm by the D point pattern. On the weekly timeframe, you have a confirmed by the D point pattern. 42, 35, 50 is the price that, is the level that price must close below in order to engage both of those patterns out there. What we can see inside the ESMini is really over the course of the last six, seven days it's been trading sideways. The sideways move find support at the oscillator and change line. That is currently at 43, 47. That'll change by a few bucks or so as price moves up and down. The resistance levels up at 44, 30. That's the top of that profile. If we take a look at the daily timeframe for the NQ, the daily timeframe for the NQ shows that price right now is testing a key level of support. That is it's oscillator and change line. That is currently printing that. We're printing at about 15, 113, 114. The oscillator and change line, 15, 104. What happens if price closes the day below red oscillator and change line? It increases the odds, especially since this is a barestructured profile that we would see the NQ make its way back to 14, 676. But price needs to close below 14, 792 at week's end. If it does that, then we could have a trigger. Now we would have an A to B equal CD to the downside. Don't have that in the queue right now. Watch the support level for the NQ. Remember the NQ as a daily timeframe is hitting a support level, the oscillator and change line, you're gonna have a completed TD9 count bottom for that hourly chart. That would suggest an add to the idea of a rally. In the case of the Dow equity future contract, it's just consolidating. It found resistance up at the top of that profile. 34, 167, almost seems like it's an unfair advantage for you and I to be able to have those numbers ahead of time. So we know exactly where buyers and sellers are hanging out. We don't know how strong those buyers and sellers are. We do know that in the case of the Dow right now, they're real strong. They were able to defend that line. On a daily timeframe for the Russell 2000, Roegeman Dominicator bottom, price consolidating with inside his profile, a weekly close below 17, 20, 70 would be bad news for the Russell 2000. Steve Roege with TFNN, we'll take a look at the GDX Tesla, TLT and AU. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, Forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the Euro dollar, pound dollar, dollar Swiss, dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted Forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.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. Back folks, all the US indices trading to the downside we're taking a look at the charts here for the GDX. I apologize, I did not write down the name of the individual that emailed me this question but the question was, can we take a look at the GDX I'm paraphrasing here and why is the GDX trading lower with gold trading higher? Well, the answer to that question is really gonna come from the charts, not Stevie out there. If we take a look at these GDX charts we can see that today will become bar number nine of ATD nine count pattern. ATD nine count pattern, unless the GDX just simply falls off planet earth out there, we'll complete that pattern tomorrow. Now the top could be in today out here. So we've got at least a short term top. The GDX is back towards a prior swing points out here where it has found resistance. Now volume is pretty good. The GDX has done 11.3 million shares. That swing point last time price was up in this area had volume of 21 million shares. And the time before that was 14 million shares. You've done 11, that's like a 30 million share day out here, give or take. So you're pushing that swing point with volume. That would suggest to me, especially price closes above 2944 that you'll be up at that 3013 level. The top of that swing once again, to at least test it. Weekly charts got a nice buy the D point Gartley buy pattern out there. Price is above the center of its full structure profile, but the GDX may be signaling to an eye that it's getting ready to take a little bit of a rest. Now that rest could take price all the way back towards that 2801 level. But let's not stop there with regard to the GDX. Let's instead move over to a different set of charts. And those are going to be the holdings with inside the GDX. So what we're going to do here is we're going to change screens because what's going to show up on my screen now are the ones at the lower end of the totem pole, so to speak, from a waiting perspective. So let's go take a look at the ones that are at the upper end of the totem pole. So give me a moment here. I don't know why. There we go. Screens go to this screen. So this is approximately the top eight. I have not updated this chart here for a little while. So it may have changed just slightly. But if we take a look at Newmont Mining, which is the number one holding out here, what's just got TD9 count top. It's going to confirm today, complete tomorrow. How about Rangold, G-O-L-D, TD9 count top, going to confirm today, complete tomorrow. Franco Navada is going to confirm a TD9 count top. It has break down TD9 resistance level at 143.02. How about AEM, TD9 count top, at its break down resistance level of 49.90. How about WPM, TD9 count top? How about Goldfields, TD9 count top? That's going to complete today. The case of Royal Gold, TD9 count top confirms today, completes tomorrow. AU does not have that topping pattern out here. So it's the one of the top eight instruments that doesn't have that topping signal. We can go take a look at another. I don't, maybe this is, well, let's just go take a look at this set here. Let me change panels. Well, you're going to kind of get a feel for the strength. Now, remember TD9 count tops don't always work. TD9 count bottoms don't always work out there. So the cool thing about them is once we have that pattern set and that pattern is set after the bar after nine, after the bar following bar number nine, completes out there. If price close above that high, whatever that high is, those patterns are negated, tells you about a strong momentum move to the upside. Here we're taking a look at Harmony Gold, HMY, TD9 count top confirms today. BVN, it doesn't look like that. What's this to this high is 864, yesterday 864, nope, hasn't done that. Just looking around here, EGO, TD9 count top, sand likely to form a TD9 count top tomorrow. TD9 cop and IAG, right as it's getting back towards the bottom of its daily profile at 241. What else? I don't need to do the rest of them, do I? Because I've got about eight, 12 more to do out here. You kind of get the feel that, so the question, why is the GDX doing what it's doing when you've got, we just changed this out here, when you've got a rally inside of gold? I think it's really very simple. It's because of those TD9 count patterns that you and I spend a good deal of time on out here and that's really the only reason that I can come up with. But what I do want to say is just time to be cautious out there, time to be cautious because I don't think that the Middle Eastern activities are done without there. And clearly we can see over the course of the last couple of days that that has been driving metals higher, the dollar higher, that is the flight to safety out here. It most certainly is not the 30 year treasury out there. In fact, that was one of the questions that came in from G-Man and G-Man wanted to take a look at the TLT. So let's go put the TLT charts up there and then we're gonna really take a deeper dive into the 30 year treasury. Oops, that wasn't it. Let's try, oh, let's try this one here. There we go. So here are the charts. No, they're not up. Let me get them up. Let me get the right screen up. Sorry about that. It'll be up momentarily. And now you've got the daily, weekly and monthly charts for the TLT. So the daily timeframe here for the TLT shows us what? Shows us that we're trading right now below its swing point from January to October the sixth. That low was at 84.06. You're trading right now, you're at about 83.95. Let me just get this on my other chart because I know that I have a little bit of a delay going on here and we are trading at 84.07. So you wanna watch that swing point low, but I say really, that's not what you wanna watch in trading the TLT. You wanna watch what's going on on the 30 day. That's gonna be the better representative and so that's what Stevie's gonna do. We're gonna switch over and take a look at those multi timeframe charts for the 30 year treasury. When you take a look at that monthly chart right now, you can see that it's pushing lower, doing with less relative strength out there, but that simply requires a bullish reversal can to confirm a bottom. The monthly chart is saying, we're trading below last month's low. It's saying, get out of dodge out here. It wants lower price. Now the weekly chart is in an A to B equal CD to the downside, has not made it all the way to its initial price projection. It too has a roadsman to indicator signal. Let me see here. If it ticks below 10829, what's it done? 10825, so you do have bar number eight that is likely gonna form this week in the 30 year treasury. That says a bottom could form between this week and the next two out there. Well, if you take a look at the daily timeframe, if there's a close below 10829, 10829, and right now what we're printing at is 10901. If there's a close below 10829 in the gates, it's by the D point pattern and suggests that we had lower, much lower. I see some negated TD nine count patterns right now on the five hour timeframe chart, on the four hour timeframe chart, on the two hour timeframe chart. It's not looking good, but let's not stop there because there's more for us to take a look at. I just have to figure out where I put that chart. And that's the longer term view because the question is, if these levels get taken out, if that daily by the D point pattern gets taken out, where is price headed to? So for that, we're gonna switch back to my other set of charts, a black background set of charts out there. And we'll take a look at the A to B equal CD to the downside pattern and we'll do it for its monthly timeframe. So let's pull open the monthly chart out here. What you will see on the monthly chart, I have a couple of different things. I've got the retracement levels. So for those of you that like the retracement levels, if we come off the low from 22,000, that low out there was at the 2223 mark. So here we take that low January of 2000 and we go all the way up to the high that has formed here in March of 2020. So 20 years out there. Now we can see the A to B equal CD to the downside pattern. We can see that price right now is at the 1.618 expansion of that C to D leg. A close on a weekly monthly basis below 109.64 suggests to move to 96.28. Price is also below the 0.382 retracement of that move. You know what that means? Once you get below that it wants to go target the 0.618 retracement. So over time, 30 or Treasury likely headed to 84 and change. Zeroed with TFNN, we'll be right back. Old report, as a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy sell recommendations. The Gold Report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. Welcome back folks. All the U.S. industry is still in the red out there. Dow's off 175, S&P 33, Nasdaq 109, Russell's down 25. We'll take a look at Tesla out here. I believe they are out with earnings after the bell. This is for John C. in the Tiger's Den. John, Tesla has pulled back into an area where if this is only a countertrend move to the downside, where it should find support. It hasn't gotten down there all the way. That's at 246.39. 246.39. 246.39 is the center of its bearish structured daily profile. If price can hold support there, then it was only a countertrend move to the downside and it could be setting up an A to B equal CD to the upside. I say it could because price would have to take out that TD9 count top up there in order for that to happen and first would have to get back above the top of its profile, then above its green oscillator and change line. So it would have some work to do to the upside. So they're all with earnings today. If we don't get a close blow 246.39 at day's end, not really sure you can go either way on this one because that's the point where a countertrend rally would fail. If the market performs badly, even if the numbers are good, maybe it heads lower. Where's the additional support? The additional support would be at 238.65. At 238.52 you have the bottom of its profile. At 238.65 you have its TD9 count breakout level. So if it responds poorly after hours with regard to the news, 238-ish is the area where it should find support. What if it doesn't find support there, Stevo? Then it would be 232. That's the bottom of the weekly profile. What if it doesn't find support there, Stevo? 229.52, that's the top of the monthly profile. And what if it doesn't find support there? Well then, we're now into the 144.165-ish area. And 164.53 happens to be the weekly TD9 count breakout level. We don't have that signal just yet. But John, that's the best that I have for you. You've got a TD9 count daily top. You've got a TD9 count weekly top out there. But again, no real key level of support has failed just yet. It will do that if we get a close vote, 246.39. So I wish I could provide you with more information of that. That's all that I've got, folks. So John, I hope that that helped you out. And thank you so much for the request, as always. Nitram wants to take a look at Anglo Ashanti. AU is a ticker symbol out there. So let's get that up on our screen. I believe we took a quick peek at that when we're looking at all of the instruments inside of the GDX. This was one that did not have a TD9 count top. And there's no other pattern that I've got out here other than right now, prices consolidating with inside its profile. So Nitram, the levels to be watching is a bullet-structured profile. That says that on a pullback, Anglo Ashanti should find support between 1790 and 1835 out there. If it closes below 1790, you've got oscillator and change line support right now about 1770, get below that. You could take this thing back to 1669 or so. That is not the call. The call right now is we don't have a top. We have price running and resistance at its TD9 count breakdown level up at the 1938 area. That Anglo Ashanti, I can't tell you whether or not this trades directionally with regard to the GDX out there. It probably does, but watch the support area. 1790 to 1834, 1835. So Nitram, I hope that that provided with the information that you're looking for. You also wanted to take a look at DUG. Boy, it's been a long time since I've looked at that instrument. DUG is what, I know it's in the oil and gas at the inverse of the XLE. See, ultra short energy. What folks in the den, somebody in the den, what's the ETF? What's the bullish ETF that this is emulating? It's just been so long since I've looked at that. I think it's the XLE out here, but we're going to take a look at the DUG charts. And the reason why I'd want to understand that is because the underlying instrument out there may be different than taking a look at this double or triple ETF out there. DUG is what we're looking at. If we take a look at DUG, it shows that today we'll become bar number eight at an area where price found a bottom. That was Rogement Dominicator bottom. That was on September 28th and September 29th. If price were to close below that low, that low being $9.85. And right now we take a look at Doug, it's $9.93. It negates that pattern, but what could take over is a TD9 count bottom. So no help from the Tigers, Dan. Doug ETF, what is the DUG ETF? It is data performance of the S&P energy select sector index. Okay, I don't have that index. Is that the, it's a 2X? I'm thinking this is the XLE, but I ain't making that mistake out there. I don't know the answer to that, but just for the heck of it, you're welcome on Tesla out there. Let's try, let me just put up the charts here for the XLE. It's the XLE showing us a TD9 count top. I don't know. And again, I could be looking at the wrong ETF and if I am, my apologies for that, but you should go back and I could do that during the show and just make sure you understand what Doug is trading on because it's a 2X. So in the XLE, you do have bar number eight that's going to form today. That says we could see a TD9 count top inside of the energy sector, the XLE, that it forms between today and Friday out there. So we'll certainly want to watch that. Right now on a weekly basis, the XLE is trading into its weekly swing point back from the trading week of September 15th. There was 110 million shares that were traded. Then we are about halfway, not really halfway through the trading week. And this has done 49, about 48 million shares. So 48 million shares versus 110 were about halfway. So price is moving into that swing point with pretty good volume out there. Oh, maybe I've got some help here from SNP. He wants to take a look at ZEM, no position. Okay, so we'll take a look at Zoom a little bit later. We're back to the XLE out here. You do have a TD9 count top on a daily basis that could form between today and Friday. Just keep a close eye on that out here. Of course, we also want to see what's going on with regard to LightSuite Crude. So let me just put up those charts out here. So let's take a look at the LightSuite Crude. Do we just roll to December? Did we not? I believe we did. If we didn't, Stevie just rolled it there. But I think that we did just roll to December inside of LightSuite Crude. So let's just pull up those charts, see what kind of signal. So the energy sector, the XLE, showed bar number eight. Does LightSuite Crude? And LightSuite Crude does not. LightSuite Crude shows bar number seven out there. And it's trading above the green oscillator and chainsline. That's a bullish signal. And price is above the center of its bullish structure profile. So this tells me that LightSuite Crude wants to make a move up towards 9125. I'd be cautious on those TD9 counts right now inside the XLE or DUG, assuming that the DUG follows the XLE. Think I've kind of beat that horse to a death out there so we won't continue to do that. And so I hope that that helped you out, Nitram, with regard to Doug. Koda wants to take a look at ITA. So let's get those charts up on our screen out here. And ITA is what? ITA is, it's the iShares Trust US Aerospace and Defense ETF. And it's got resistance, which it tested a few days ago, tested again yesterday, it's tested again today. And those two areas are really the TD9 count, breakdown level at 110.49 Koda, and the top of its daily profile. So the sellers are looking, 110.53 by the way is the top of that daily profile. You'd love to see price take that out. If it does, and I'd have to use one of my A to B equal CD patterns that use the same candle, I certainly hate that. We're not gonna do that as we speak right now because that's not the pattern that's in place. So right now the Aerospace and Defense ETF out here, it's dealing with resistance. That's between 110.49 and 110.53. If you get above those levels, I would say 111.09, it's next target. And above that, 112.75. 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. 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What we see is just a sideways move out here. Is this accumulation? I don't know if it's accumulation or not out here. I mean, this is an instrument that traded up at 76. You're down at 63 right now, 62 bucks out here. I don't know, but we see a long sideways move out there. What we also see is that the top of the weekly profile has been taken out since the beginning of the year. That's how far it takes us back. So right now 72.95 is a key resistance area out there. I don't see any bottom signal yet on the daily timeframe. There is an A to B equal CD down pattern. There's two of them out there. A bullish reversal candle would confirm a short-term bottom. If we take a look at the monthly chart out there, oh shoot, this traded up at 600 bucks and formed that TD9 count top. And now you're down at 63 bucks. Zoom looks to be pretty much like a toast out here. Now there is a wave number seven. Did that get taken out? That was 60.45 is low. We got down, nope, 60.45. So if Zoom closed below 60.45, there's not even a monthly bottoming pattern that is out here. So just a sideways move, a pretty narrow range out there. Nothing that looks of too much interest out there to Stevie in his eyes looking at the chart, S&P. Well, that's just my thoughts when I take a look at that. So I do hope that that helps you out. And sometimes it's better just to look at the bigger picture and that monthly and that weekly timeframe. They provide that picture. Looks like a dead soldier to Stevie. Let's go take a look at XBI. This is from a guppy inside the Tiger's Den. And XBI is the biotech ETF for the NASDAQ. Is that the NASDAQ? I think it is the NASDAQ, if I'm not mistaken. If we take a look at XBI out here, we take a look at XBI. That is got a what? Just looking here. It's got a wave seven bottom signal out here. And that took place. That was confirmed on October 16th. Now, you can see here, this was a bullish structured profile. Price was below, yeah, it was below this area when the, no, no, no, no, no. Do I take that back? All right, so let's take on the daily basis. If a guppy, if XBI closes below its red oscillator and change line, that's currently printed at 69.38. If price closes below that, that's gonna signal a move back towards this swing point from October 13th. Now that swing point has volume of 12 million shares. You're coming down today with 2.7. So you're pulling to that swing point with lighter volume. If XBI closes above 69.75, you're likely to have a test rejection of a swing point on lighter volume. That swing point happens to be a bottom. That is a wave number seven bottom out there. Your resistance is 71.93 and your super resistance is up at 73.06. That's the center of its bullish structured daily profile. On a weekly timeframe, XBI has a confirmed TD9 count bottom that took place two weeks ago. What would need to take place to negate that pattern would be a close below that low, which is 6909. That's also a hammer candle. So if you close below the bottom of a hammer candle, that says if you're long, you're wrong out there. If you're long and you're wrong, where would price be headed to? Well, then at that stage, what I would do is I'd look at the swing point for May of 2022 and that's down at 61.78. So one step at a time inside of XBI, watch the swing point from October 13th. Watch that high. That's up at 69.75. Watch the oscillator and change line. Does price close below 69.37 today. If it does, we're likely gonna go test that low of that swing point out there. And I hope that helps you out. McGuppy with regard to XBI. Dan inside the tiger stand, he's playing a little rocket ship. That rocket ship is VFC. Man, they had one heck of a day yesterday, running from 1624-ish down there up to the 18 and change range out there. Now, the cool thing about this stock chart, really the weekly stock chart here, Dan, and you're gonna wanna know where this closes on Friday. Why? Because this was trading below its bullish structured weekly profile for more than two consecutive sessions. We're trading above that center line, which is 1813. We're at 1845. If price can close above 1813 on a weekly basis, odds favor, Dan, that this is more than a countertrend move and that price should make its way to 2016. The daily timeframe has got no topping patterns whatsoever. And so this should continue to move higher. There is a buy the D point pattern that formed out there a couple of days ago, right here when it formed that three river morning star candle formation. The weekly or the monthly, I should say, needs a... Now, did I tell you that the week we also formed a rosewind to indicator bottom? Of course, the week's not over, but right now you do have a bull sash candle. Of course, on a monthly basis, you could also potentially form a rosewind to indicator bottom. Just needs a bullish reversal candle. At the moment, it is a bullish hammer candle, but it doesn't matter what it is on the 18th and matters what it is at the end of the month. So VFC looks good. The most important thing about VFC this week is does it close above 1813? And if it does that, this is likely off to those races with 2016 being its next destination point. S&P had one more request. Now was a take look at SYM. So let's put SYM up on our screen out here. Try to get a feel for what that is and what it's doing. SYM is Symbiotic Ink. Symbiotic Ink traded right now at about $43.13. That is a TD9 count in the making. It will complete a TD9 count pattern today. So long as price closes above 40.68. And that seems like a pretty likely outcome. So you're gonna get a TD9 count. That pattern will confirm today, should confirm today and complete tomorrow. That should take price back to its oscillator and change line. That is currently printing out at 38.85. If I look at the weekly timeframe chart, what this shows me is that price is trading into resistance. That is the top of the weekly profile of 43.87. So we've tested that so far. We've rejected that level. If price can close above 43.87, that would be bullish from a weekly perspective. But we still have that daily TD9 count topping pattern to contend with. That could just result in a pullback to support. Again, being that oscillator and change line on the daily timeframe. No signal here on the monthly that's going to assist us. So back to the daily and the weekly for Symbiotic Ink out there. Your upper resistance on the weekly TD9 count on the daily as you're doing that looks to me like this is getting ready to pull back. The confirmation of it getting ready to pull back I'd have to say would be a close below the top of its profile, but so far it's tested and rejected. And that level is 42.85. So watch 42.85 first there, SNP. And thank you so much for the request. I hope that helps you out with regard to S-Y-M. Let me see if I've got any other requests that have come in. Do, do, do, do, do, do, do, do, no, I don't see some numbers too. Okay, I XE Steve is the SNP energy sector. Thanks, John. So let's pull that up there. I XE, let's pull up this ETF. Let's use the exact ETF that matches that SNP energy select sector out there. And see which, see what this is doing. So why is it taking so long? It just is I XE. So I'm not getting anything on that. Is that tonight? You put I XE, right? Is that an I or is that something else? So that's not the index, right? Maybe it was the index. So well, I'll try to get that figured out here. And if not, I'll take a look and see if there's any other requests that have come in. Steve Roach with TFNN, we'll be right back. 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For all the details and to start your 30 day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.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. 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 Pezzavento 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 tigers 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. Request that came in. This is from Vic, I believe, wants to take a look at ticker symbol DXCM. So we got DXCM, let me make sure I'm on the right screen out here, I am. So we've got DXCM on our screen. This was a recent buy and I believe it's a buy based upon the TD9 count bottom that formed out here a few days ago. So we've got wave number seven and a TD9 count on the daily timeframe. We've also got a Confirm Rogement Dominicator bottom. So you got three bottoms out there that have formed by October 16th. The three bottoms make it better than one, it doesn't. What you're dealing with right now is resistance out here and that resistance is the top of its daily profile, 8543. Now, as price is approaching resistance up there, I'm just going to look at the 30 minute timeframe. Do I have a topping pattern? If this generated bearish reversal candle I would but price right now is trading above the top of its profile, there's a new profile of a 30 minute base just formed below price. That's a bullish signal as we speak right now. So I don't have a short-term top, of course I only looked at the 30 minute timeframe chart but you're up at resistance. What else can we take a look at? We can take a look at consecutive steps up and down. Here today is going to be bar number four of consecutive moves higher. Now we can see a couple of examples where this made it to bar number seven, consecutive days and five days consecutive but you are starting to near a time period where Dexcom DXCM could form a short-term top. I'd certainly say if not today, between tomorrow and Monday is when you'd be looking at a short-term top. With price up at that resistance level, I'm more apt to think it's more likely the end of the day today and price just at trading and consolidating with inside that profile level out there. So I hope that helps you out. Best of luck to you on that trade. I like the entry and now the question is, what's going to happen at where those sellers are residing? That's up at 8543. Folks, stay tuned for all the great programming. I'll be back with you tomorrow on terrific Thursday. Please have a wonderful Wednesday. Be safe out there. Have a great day.