 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All 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 October 9th. The magical Monday edition of today's Trader's Edge show. I'm your host, Stevie Perseverance-Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now the easiest way to do that, well, is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two by four shift, means we can find the gift. In every set of circumstances, 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 want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this, during this next 53 minutes, I am here to serve you. So feel free to pick up that phone. We'd love to hear from you at 877-927-6648. If you've got a question, but you can't call in, you can always send me an email. Now send that early and send it off to Steve at tfn.com. Inside the subject heading, please put radio show question. Of course, if you're inside our Tiger's Den, well then any and every ping will do. So let's go ahead and get this show started on Magical Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes, welcome to the show. Right now we've got a sea of red out there, all the US indices that we do track our trading to the downside. Dow's off 95 points, about three tenths percent. Half a percent for the S&P, about 20 points. Nine tenths for the Nasdaq 100, 129 points. About a quarter percent for the Russell, that's down three points. Semi's are off 56, one and six tenths percent there. Gold's up $21.10, a little over 1%. Silver's up a little over 1% as well, it's up 25 cents. Likewise, recruit is up nearly four and a half percent. Trading out at 86.50. You got natural gas up in nickel, 30 year treasury up about one point, trade out at 111.12. Leading the charge dollar-wise the upside. Now this is not going to surprise anybody out there. You've got the trio. You've got Northrop Grumman, Lockheed Martin, and General Dynamics, it's wartime folks. They're up 42, 27 and 16, that's 10% seven and seven and a half percent. To the downside, you've got booking holdings. Yep, you figure travel would be affected with a war that's going on. So you got 77 points. Al Nilem Pharmaceuticals down 15. ASML Holdings down 14. NVIDIA's up 13. Monday's having a bad Monday.com. It's off $9 and change, that's nearly a 6% move. Let's begin and analyze these markets. Let's first figure out where we're at with regard to market breadth for the S&P and the Nasdaq 100. We've been with the S&P 500. On a 30 minute basis, S&P 500 market breadth is bullish. What I mean by that, there's 180 and 190 instruments now within side the S&P 500 for their 30 minute timeframe where price is trading above resistance, resistance being the top of a profile. Those would be bullish conditions. Whereas there are 147 instruments trading below the bottom of a profile below support. That would be bearish. So right now we have a bullish market breadth, 30 minute ES many or S&P 500. Let's take a look at the Nasdaq 100 out here, the NQ. What do we have for it? It's calculated, it knows we've got 20 above and 47 below. So what do we have? We've got a chop, chop, fizz, fizz, just on a 30 minute basis. We've got a choppy market. Now, we can do better than that. We don't have to just give you the 30 minute set of market, a task market breadth data. We can take a look at the 60, the 240, daily and weekly. We take a look at the S&P 500. We are bearish on the 60, bullish on the 240. Now, when I say bullish on the 240, I mean there's 182 instruments above, 164 below. This adds to the chop, chop, fizz, fizz market that we've got. We've got the Nasdaq 100, bearish on the 30, bearish on the 60, bullish on the 240. When I say bullish on the 240, I mean 44 above, 22 below. That's pretty bullish out there. The daily is pretty much a kind of break even, 30 above and 30 below. That's really a break even out here, but it's teetering. So we've got a different market breadth out there. There's no consistency, and that says to expect these choppy markets. Expect these choppy markets while they try to figure out what in the heck is going on in the Middle East. It's not that they don't know what's going on, but what's gonna happen next. Let's not stop there. Let's just go continue to use our technical tools and see what the markets are communicating to you and I. So now we know about market breadth out there. Let's go take a look at the daily timeframe charts here. Daily and weekly, quite frankly. Now we can dive down further into the multi timeframe set of charts out there. But to begin with, let's take a look at the, you've got four daily equity future contracts up top. Below them are their weekly counterparts. Now inside the ESMini, we've got to buy the D point pattern. So that formed out here with this bullish piercing candle. That was under training session October 4th. So the ultimate level of support for it is that low, that low being 42, 35, 50. That's where price really needs to close below to suggest that there's real trouble in River City. Now, we've got to buy the D point pattern inside of the ESMini. This morning or last night, I should say, as the equity markets open, they traded all the way down to tested support. Why did price stop where it did at 4,300.25? Because that's where the buyers were lined up. We got down as far as a price point to 4,299.50. So we know that's an important level of support. We can also see that on Friday, price closed above that oscillator and chains line. We're trading above it right now. I don't know where we'll be at day's end, but two consecutive days above the oscillator and chains line, in this case here, would suggest to move to 4,370. Now, there's the interesting thing. And as each of you know, for years, we've taken a look at the seasonal patterns. I used to do that manually. Now I use this cool tool from the folks over at Season Next. We can take a look at all that data. And you all know that it's in the mid-October timeframe when we typically see bottoms. It can be anytime in October. The average timeframe I think is around towards the end of the month out there. On average, we take a look at all the historical data. But here we take a look at the ES mini. Last week, what the ES mini did was it generated a bullish hammer candle. That confirmed a Gartley buy pattern on a weekly basis. Right as price was approaching, but didn't get down to it, it's breakout level of support, which at 4,194. So what should transpire here is the weekly chart of suggestion. We should see a move up to resistance. The first level of resistance for the weekly timeframe chart for the ES mini at the present time is 4,424. If price get above that, then we're looking at about 4,474, although that 74 number will change as price continues and price does continue to move higher. But in the ES mini for the daily and the weekly, as we come into the seasonal cycle timeframe, you've got to confirm bottoms. On a weekly timeframe chart for the NQ, we really don't have a confirmed bottom, but we have a swing point that needs to be broken in order to trigger an A to B equal CD to downside. That's been tested for the last couple of weeks. That number is 14,792. Price right now is trading right at the bottom of its weekly profile. The bottom of that weekly profile is down at the 15,057 level. We're trading right now at 14,988. If we look at the daily timeframe, it's a TD9 account bottom. We've really already covered that. But again, if we do get a second close above that oscillator and change line, inside the NQ, that number is up at the 14,910 level. We should see a move up to resistance. Try not to sneeze, but couldn't control that one. Okay. Now it would suggest that price would make its way up towards the 15,509 level. Dow equity future contract doesn't have a bottom just yet. Needs a bullish reversal candle, as does the Russell 2000 out there. But the Russell 2000 on a weekly basis will complete a TD9 account bottom this week. Very interesting. Steve Rhodes with TFNN, we'll be right back. 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For all the details and 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. Looking back folks, let's get to a couple of questions that have come in here, the first one coming in from Hector and Patty. They want to take a look at two instruments, the XLE and the GDX. So let's start with the XLE. The XLE, as we see it right now, does today's confirming a by the D point pattern. So you can see the A to B equal C. Now I'll draw it in here real quick. I'll draw in the A to B point out here and then we'll go ahead, oops, that was not the right tool. Let's try the line tool out here. There we go. So now we'll draw the A to B. I'll just simply move that over to the C point out here which would be way up there. So you can see this is more like a one to two, one to 1.618 A to B equal CD. Now, what confirms an A to B equal CD pattern as far as Stevie is concerned, is AB equal CD to the downside would be a bullish reversal candle. A gap to the upside, which we have inside the XLE takes care of that. Now, we've got a fairly wide profile out here. The bottom of that profile at 85, 11. That's both the bottom and the center. So that should be strong support. Hector and Patty, resistance out here is gonna be the top of its profile or its oscillator and change line. That range is between 89.11 and 89.38 out there. So that's a daily timeframe. Inside the weekly timeframe, what the XLE is doing, it's got a TD9 count on top. It's pretty much led to a consolidation with inside its profile. Support 83.09, resistance 90 buckeroonies. On a monthly basis, the XLE's got a TD9 count on top. In order to take that out, it needs to see a close on a monthly base above 93.91 out there. But price is above, well, it's straight, inside its bearish sell zone on a monthly timeframe. That's between 85.94 and 94.71. So where is the XLE likely headed to? Much like the Marcus, much like everybody else out there, still trying to anticipate or understand what's going to unfold in the Middle East out there. And but right now, price hasn't broken out in any stretch of the imagination. You do have a buy point on the daily timeframe and just realize you're dealing with resistance up at the 89.12, 89.38 level. So Hector and Patty, I hope that that helped you out. Let's go take a look at the GDX. Again, we're taking a look this morning here. Most of the questions are really about those instruments that you would believe based upon tensions, war, everything that's going on inside the Middle East would typically make these instruments trade higher. But we're going to just simply go and understand from a technical standpoint what these instruments are doing. One of those would also be the GDX. Now, in the case of the GDX, much like gold, it already had a TD nine count bottom pattern out there. So that was already in place. And on Friday, price closed above the center of its profile and above its oscillator and change line. And that would have suggested to you and I that price is going to go test the top of that profile. Well, it's done that in more. It's actually gapped up above that. That top of that profile is 27.25. If price can close above that, certainly for two consecutive days, the message is price would go up to its next resistance area. Its next resistance area would be at 27.84. And that would be the bottom of its weekly profile. Now, because we have a gap up, but it's only Monday, but as we speak right now, I'll just answer as of 1121, this would also have be a Gartley buy pattern inside of the GDX out there. But we really won't know until we, when I say we really won't know, we couldn't know before Friday, but we will know for Friday for sure, if in fact this pattern holds, what happens if it doesn't? Well, and when I say doesn't means it trades back to at least, give me a moment here, trades back to 27.10. Make it 27.09 would even be even better. If it trades at 27.09, that gap gets closed. That gap or that rising window would have been the signal of the bullish reversal candle. So we're really going to have to wait on that one out there. And on a monthly timeframe, the GDX was into or traded back to its bullish structured zone. That zone was because the bullish structured profile was between 23.53, 25.54. The low so far for the month came in at 25.62 cents versus 25.54. So the GDX looking pretty good, but the GDX in order to really understand the GDX, we really have to go take a good goal, don't we? I think we do. So let's do that for Hector and Patty and everybody else that's out there. Let's look at, now we're going to do here. We'll wait just a few moments for I'm going to pull up all my intraday charts out here. So that's what we'll do with regard to Goldilocks. It'll take a moment here for this to populate. You'll start seeing them populate. In the meantime, had a great weekend up in Atlanta visiting them with my kids and another family up there celebrating my youngest grandson's birthday. He turns one tomorrow. And we were agreed with some good news. He's going to be a big brother. Yeah, so we got as will be grand, this will be a grandchild number eight. That'll be due next May out there. So that was actually a very cool weekend. In the meantime, all right, we've got these gold charts here populating. So with regard to Gold, really take a look at the daily timeframe. And in a daily timeframe, we've got this TD9 account bottom that is in place out here. What Gold is doing as we speak right now, it's attempting to take out the top of its profile. That's where the sellers are located. That price point is up at 1862.80. Watch 1862.80 Hector and Patty and anybody else who is in either the GDX or any of those instruments out there, because a close above that would suggest a further move higher. Now, in the case of Gold, the next upside price target for the daily timeframe would get us up to the 1952 level. 1952 is its TD9 account breakdown area out there. I don't have any other resistance on a daily timeframe. And from a monthly or weekly standpoint, its area of resistance would be up at 1925. So watch this. So we got 1925 before you get to 1952. Again, watch the area of 1862.80 Hector. Now what happens if price doesn't close above it? Whether we don't have any kind of definitive confirmation that Gold is really breaking out. We just have a TD9 account bottom with price testing resistance, which is really what it's supposed to do. So keep your eye on that. Now with regard to the intraday charts, I was hoping that we could identify something out here. Look for some type of topping signals or anything. The shortest timeframe that I've got right now that you're looking at on the screen is a 30 minute timeframe. So, and I don't see any other tops that have us worried about anything. I see some resistance the top of the 60 minute profiles and examples at 1869.50 out there. But watch the, today the most important thing is going to be that 1862.80 level. So I hope that helps you out Hector and Patty both with regard to the GDX and Goldilocks out there. So let me close up these charts here just simply to free up some resources out here. Let's go to our next question coming from Nancy. Nancy actually wants to take a short trade, short-term trade, I don't mean short trade, a short-term trade inside of Apple. So let's get down and take a look at Apple out here. And first with regard to what is Apple doing on its daily, weekly and monthly timeframe, just to get a good feel. Let's start with the monthly. On the monthly basis, we don't have any kind of a top out here. We just have price consulting with inside this profile Nancy. 198.23 is resistance support at 147.01. On a weekly timeframe, what do we have out here? We have price that formed a Rosemont Dominicator top, pulled back to breakout support, price of consulting with inside its new profile. Let's say, bullish structured profile. Price closed well above the center of that profile on Friday, you're still above it. The center being 174.33. Typically Nancy, when you close above the center of a bullish structured profile, price wants to make a move for the top of that profile. It's at the 183.27 level. That's a weekly timeframe. You're looking for something more shorter, but just to understand, we're not seeing anything significantly bearish on the monthly. The bullish, the weekly is actually bullish at this stage of the game. And if we take a look at the daily timeframe, we unfortunately with regard to Apple, we don't have any profiles. All the profiles are way above price of 185.73. What can we say here? We can say that price above its oscillator and change line. You've got the inside day that's forming right here. Typically when you have an inside day, it tells you that the current trend is going to continue. That trend looks like it's to the upside. We get back to this break. We're going to go take look at a 30 minute chart, maybe a 10 minute chart for Nancy, just see if there's any kind of topic signals. Oh, you know what? I see one in the 30 minute chart. We don't need to go to a 10 minute. Steve Rhodes with TFNN. We'll be right back. Gold report. As a precious metal, gold is still king. 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What I can share with you about the 30 minute timeframe, Nancy, is it formed a TD9 count top. It did that on Friday as it was coming into the close out there. Price is now below. It's bullish structured profile that is out here. The next downside target of support target would be 174.73. Your resistance would be up at 177.32. That's a 30 minute timeframe. Let's take a look at a 10 minute chart out there. Just see if there's anything else that we can find or identify for Nancy with regard to the 10 minute timeframe chart here for Apple. Stevie's got nothing. I don't have anything to suggest this gonna move higher. It is trading below profiles. So I'll go with the 30 minute chart out there. That has a signal that suggests that price gets back to the 174.73 level. So Nancy, I hope that that helps you out. And thanks so much for your request. Next request coming in from a dude. Dude wants to take a look at a couple different instruments. The first one is XOM, ExxonMobil. What do we know about ExxonMobil? So ExxonMobil out here gaps up. In fact, it's got a little bit of an Island bottom out here as we speak right now. I don't have a by pattern. It doesn't mean that it hasn't bottomed out there. It's just that I don't have a by pattern. On Friday, price closed below that 108.42 level. That was a 10 minute chart. 108.42 level. That was a key area of support. That was its breakout level. We're back above that right now. That would indicate maybe it was a false break to the downside. If ExxonMobil continues to move higher, its next price target to the upside would be at the 114.70 issuer rate to 115.21. That's the bottom of its current profile. That was the latter number out there. On a weekly basis, you've got a TD9 count top. Last week, price pulled back and found support at the bottom of that profile at 106.67. It's well getting back towards its breakout area at 104.57. So what do we have here? I'd have to call it just a good old fashioned consolidation when we look at that weekly timeframe chart, which extends itself from about 99 bucks up to about 119. So pretty wide consolidation out there. Not generating any other important signals just yet on a monthly timeframe. It's too early in the month to determine whether or not the current bear sash candle is going to hold up by the end of the month out here. But right now, what we know about ExxonMobil, we did this last week. We took a look at the correlation between the direction of crude oil as well as ExxonMobil. And we know that those two trade in the same direction. So because your second request was for USO, let's leave that at, so we've analyzed ExxonMobil for you. And now you've got to answer that question, what is LightSuite crude gonna do? I know your request was for the USO and I'll pull those charts up on our screen out here. But my question, not necessarily to dude, but to everybody inside the tiger stand, if you're trading USO, what are you trading? See, a lot of people would think that it's the futures contract for LightSuite crude. And right now the active future contract is November. And if that's what you believe, you're dad wrong. The November futures contract for LightSuite crude is not even a part of the USO. But here's the USO right now. The USO doesn't have any kind of a bottoming pattern price gaping up. It's trading with inside its profile. What I can share with you is the support area because it's a bullish structure profile is between 74, 27 and 75, 19. With 77, 98 being the resistance level on a weekly basis prices pulled back is testing support at 76, 20 out there. That was its green oscillator and change line. So now let's really get back to LightSuite crude. Let's try to answer this. What's USO gonna do? Well, to answer that question, we need to know what its components are doing. And we take a look at its components. First, let's pull up the crude oil charts. And what Steve is gonna do is we're gonna change screens because this is the crude oil charts for November out here. And if I analyze November, which I'm happy to do, it's just not going to provide the information that dude is looking for. Instead dude, what we've gotta do is we gotta switch panels here. So we're gonna switch to my other screen. And on my other screen, you've got the components of USO, not the left hand chart. I'm just leaving that November chart up there. But December, January, now by the way, December represents 60% of the USO holdings and January of 2024 is 15%. So if you analyze at least those two, you've got 75%. But you've also got February, March and June of 2024 that are each part of these contracts. So it's important to understand what those are doing. Are they doing anything different? Right now with regard to the December contract and the January contract, what we don't know is whether there's an A to B equal CD to the downside that's going to get established. Why? We don't have any kind of bottom pattern. We do have price pulling back to test the support area. Those were the breakout levels in January of 2024. That number was 7808 for the December contract for lights recruited 7851. Is price gonna continue to move higher? So I don't know the answer to that question. Let's go back and take a look at the November intraday chart. Just see if there's any patterns there as opposed to pulling up, I mean, I could pull up December. Well, no, I don't wanna do that on this set of charts here because then I would really just screw me up. We're not gonna do that. But just for the heck of it, is there anything that we can see on these intraday charts? 30 minute chart out here. All I've got is a negated TD9 count bottom. That says lower price would be likely on a 60 minute timeframe basis. We've got price consolidating with inside its profile. So you wanna watch 8676. That's a resistance level of price closed above it. That would suggest at least on a short term basis, 60 minute that is, price would likely want to move higher. Support is gonna be down at 8532. So just consolidating between support and resistance. The other intraday charts are not assisting us very much. So I know that you would like to know the answer. What is USO gonna do? If we'd answer the question, what is like, is we crew gonna do? We'd have that answer. And I don't have it just now. The reason I don't have it is I believe the market is still anticipating trying to figure out what in the heck is going to unfold over. And we get to watch this live on TV, which is kind of a wild thing in and of itself out there. So I think it's just right now, it's at a holding pace. I mean, you got the gold and silver up at resistance, natural gas, up at resistance out there. You've got support that's held inside the ES mini out here. You've got the spot bulletinics. It's trading just slightly lower as we speak. When I take a look, lights recruit. Not a lot of clues out there, but the most important thing though, dude is to realize that you're not, when I, at least when I do, or anybody else is doing the November contract for lights recruit, you need to know what's going on with the contracts that represent USO. And it's those other five, it's December of 2023. And then in 2024, it's January, February, March, and June are the contracts that make up the USO. Let's get over to our next question out here. This one coming in from Greg M. And Greg's interested in a position inside AI. He had a position. He sold it. He's watched it pull back out here. We're gonna go take a look at where it's trading momentarily as soon as I get over to that chart. I think it is right here. That is not it. That was ExxonMobile. Then maybe it is here. Nope. It's gonna be the next one. Door number two. We take a look at door number two. We can take a look at AI. AI, what did this do? This formed a Roadsmith Dementicator bottom. It formed that on October 5th. It formed a TD9 count bottom. And that was the low of August of September 26th. So AI has got two bottom signals. So if you're looking for a place to get back in on a daily basis, you've got the bottoming patterns. Absolutely. You would close out that trade. It priced close below the low of the pattern. That would be the buy the D point pattern. And that would be a close below 2337. If we look at a weekly timeframe chart out here for you, Greg, you've got a TD9 count bottom that formed last week. You also have a new profile. Your support level there in prices trading blow right now is 2444. And resistance 2872 and 3299. Does AI have a buy signal? The answer there is yes. Both a daily and a weekly. And you close it out if you close below last week's low. See Roads with TFN. We'll be right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First time subscribers also get a 30 day money back guarantee. 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Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade CHAU or CHAD, directions daily CSI 300, China A share, bull and bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Back folks, let's take a look at the charts here for Lincoln National Corp, ticker symbol there is LNC, this is for Alton. And Alton is interested in support and resistance levels out here. So first of all, Alton, today is likely going to confirm a wave number seven bottom. Now you didn't ask me for it, but it's present, I've got to analyze the chart and as long as we don't spike below Friday's low out there, Friday's low by the way is 2250, you're gonna get a wave seven bottom out here. What that should do, it should take price up to the first level of resistance. You're asking about support and resistance. The first level of resistance on the daily timeframe will become a Saucer and Changeline. That's currently printed at 2362. You know those last two digits are gonna change up and down as price moves higher or lower, price should target that level. If price get above that, then resistance, Saucer and Changeline will become support. And the next level of resistance would be the bottom of its daily profile. That's at 2407, above that 2439, above that 2470. If we look at a weekly timeframe chart, the weekly timeframe chart does not have any kind of bottoming pattern of prices testing the potential support level. And that is the bottom of, or that is Saucer and Changeline, which is currently printed at 2251. On a monthly timeframe, prices trading between support and resistance. Support is the bottom of its daily profile, which also happens to be the center. 2211 should be strong support. Resistance up at 2933. So LNC, it's got the potential of a bottoming signal with price on a weekly base after it formed a TD9 count top, testing potential support that if it holds, suggests that price should rally. So what it looks like to me is that price should rally up to that 2362-ish area, depending on what's happening as prices moving higher, then we can probably get a decent look. On a, I don't know, I've got a 15-minute chart out here, but I do, what do I see out there? I don't see anything there, but let me just switch it over to a 30-minute timeframe. The Saucer and Changeline's going to be incorrect, that's okay. So on the 30-minute timeframe chart, we had a nice Roche-McMindicator bottom and the pulled back, pulled back the test at swing point, that's on a 30-minute basis. And that's been a test in rejection. So when LNC is going to try to do, it's going to try to test resistance. Now this is on a 30-minute timeframe and resistance is a zone between 2316 and 23 and a quarter. Price closed above 23 and a quarter. We'll see price get back up to 2344. And the question is, can price close above that? If it closes above, not 2344, but 2352, it will generate and trigger an A to B equal CD to the upside, but the likely price target being 2404. So on an inter-day basis, you've got the potential for a further rally. The daily's got that wave number seven and suggests to move up to 2363. That 2363, that's the call that Stevie is going to stick with. So Alton, I hope that helps you out and thanks so much for the requests. The next request was a take a look at the TLT, which we're going to do that's for ELO inside the Tiger's Demo. We're going to go take a look at the 30-year treasury as well. Now, what we can see here about the TLT, and we'll see the same thing on the 30-year treasury, is that it could form a TD nine count bottom pattern today, but in order to do that, price must close below the close of bar number five. Well, the close of bar number five is 8506. We're trading right now at about 8589. So in other words, if price closes above, the close of bar number five, again, that number is 8506. If it closes above that, it negates the signal. And then I would have no bottoming pattern. TLT is trying to take on its oscillator and change that as well. That's currently 8615. The weekly chart for TLT says it needs a bullish reversal candle to confirm erosement to indicator bottom. And that is the same thing on a monthly basis. So do we have a bottom here? Right now, the answer is no, because price is trading above the close of bar number five. The key question is what is it doing at day's end? And if we take a look at the 30-year treasury, we'll put those screens up on our chart here momentarily. You'll see we take a look at the daily timeframe. The same pattern is out here. This is the more important pattern, perhaps so than the one on TLT, because this is when a TLT gets its information from. So what the five-hour bar, oh man, I gotta do the conversion on that. Give me one, two, three, four, five. Give me one second here, if you would. And I'll give you that number, because no one mathematically figured it out in my mind right now. So that's gonna be price close. What price needs to do today is close below one to 10 to 21. And right now we're at 111.17. If price close below 110.21 today, then this will trigger a TD9 count bottom. Now that pattern will complete tomorrow. What you can see here, if you were longer TLT, this is not exactly what you wanna see, but the day's not over. And when I say this is not exactly what you wanna see, you never wanna see price get up to that red oscillator and change line and then turn down. It hasn't really turned down just yet, but right now that's the level that price is testing out there. That's that oscillator and change line. If price close above it, that would be short-term bullish and suggest a run for the 112 to 114-ish area out there. But today's close is gonna be most important for those trading their TLT or TBT because of the potential for a TD9 count or the potential that just simply doesn't form at all. So EO, I hope that that gave you the information that you were looking for. And thank you so much for taking the time to write in. Now check the phone here real quickly. That means I'm gonna check the email system, see if there's any other requests. I don't see anything as we speak just yet. And we've got about three minutes left in this segment out there. But nope, I do not see any other request out there. Ah, so let's go do this. Let's take a look at what's going on in the currency market out here. Excellent, just popped up on my screen. So let's take a look at the Euro. What do we know about the Euro out here? Well, the one thing we know about the Euro on a daily basis is the high that formed by March 10 seems to be capping any rallies to the upside. That high out there is 1.1121. Put that on your pad of paper if you were to trade the Euro. That's your resistance level. Now, what else do we know about the Euro out here? Well, price is traded above the top of above its oscillator and change line. That's at 1098. So in the case of the Euro, things are still bullish, but we know it's, let's say bullish. It's got a wave seven bottom. So it's got a complete bottom pattern above the oscillator and change line. What else do we know? If we take a look at the US dollar, Japanese yen, it's got that roadsman to indicator top. It's trading just a tad lower versus Friday's close. That is putting some weakness inside the US dollar index. There's strength inside the US dollar index from the Euro's perspective as it's pulled back a bit today. But it hasn't taken out Fridays lower anything. So I would just have a retracement as we speak right now. In the case of the Great British Pound, it does not have, well, I'll take that back and say by the D point pattern it was that key reversal bar that format that key reversal bar came in on October 4th. What price should do, it should target 1.250. Again, much like the pound, much like the Euro you haven't taken out Friday's low out here. The yen, the pound is looking to me like it wants to trade higher out here. If it trades higher, US dollar index will continue to get weaker out there. So that's what I see when we take a look at at least the daily timeframe charts. Let's take a quick peek here. Well, we've got just a few minutes at the 30 minute charts. We're gonna change screens here. See if there's any kind of signals. So if you give me a moment, we'll get over to that screen and then Stevie's eyes will look. What do we see out here? We see, we see that price is trading above resistance at 1.05. So watch that level if that holds, that's on the Euro. The Japanese yen has been moving lower. I don't see any kind of a bottom signal. What I do see is price pulled back to its breakout level of support. That was at 148.55. That's the level that price needs to close below to suggest that the Euro or the yen on its daily timeframe wants to continue to move lower, which would mean it would get stronger. US dollar index would get weaker. So please watch 148.55. And in the case of the Great British pound to close above 1.222 will signal its intent to continue to strengthen against US dollar index. Steve Rhodes with TFNM, we get back to this break. We're gonna take a look at natural gas for Ron R inside the tiger's den. We'll be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy 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 TFNM.com. TFNM 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 TFNM.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. TFNM.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 TFNM.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNM.com, educating investors. TFNM has launched the Tiger's Den, hosted at Discord. TFNM has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNM.com. Back folks, a mixed bag out here. The trainees are up 11, the New York Stock Exchange up six, the other indices still in the red, Dow's up 17, S&P's down seven, NASDAQ has down 72, Russell is basically unchanged. We're taking a look at natural gas here for Ron R inside the Tiger's Den. His question is on the daily chart, what's the likely behavior of natural gas futures in the vicinity of its upper volume profile line? Ron, the TD9 count breakdown level, it's not a profile line. That is where price broke down recently. That's courtesy of the TD9 count pattern out there. And that's really important because what's the likely behavior? Well, right now we can see that prices turned down. That's a real resistance point. That's a real key resistance point. So what you need to see for long natural gases, you need to see a close above $3.43 out there. The profile line was at 3.07. That's the top of the daily profile. But what I can share with you is natural gas that resistance on the daily timeframe, TD9 count breakdown level, $3.43. On a weekly basis, it's the top of its barestructured profile, $3.41 out there. If we take a look at the monthly chart, prices up at resistance, that's the center of its profile 3.398. So the monthly, weekly, and daily are sitting at resistance levels. All you have to do is pay attention to five hour chart. Why is that? Because it's got the TD9 count top out here. Prices pulled back, it's within its profile. If price closed below $3.28 out there, the natural gas is likely to head lower. Then it can head all the way back to $2.96. That's the five hour charts, TD9 count breakout level. So how significant is it? It's significant when it can't take out resistance. And on the monthly, the weekly, and the daily, that's where price ran up to. Hope that helps y'all. Folks, stay tuned for all the great programming. I'll see you on terrific Tuesday. Have a magnificent Monday. Thanks so much for joining us.