 Following is a presentation of TFNN, The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning folks. Welcome to the August 30th, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that Egypt 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 and the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two by four shift, 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'm absolutely grateful for your presence here, but more important than that. And that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on at 877-927-664. I would love to hear from you. Now if you can't call in, but you've got a question, we've got you covered. You can always send me an email. Send that to Steve at TFNN.com. Inside the subject heading, please put radio show question in in our Tigers Den. Well, any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now. You get all the U.S. indices trading in the downside. Dow's up to 34, S&P 37, that's seven tenths and nine tenths, 1% for the NASDAQ, 143, one and a quarter for the Russell, that's 24, one and seven tenths for the semis, that's 46 points in the downside. Gold's off 3.25% or 13 points, 2% for the silver contract, trading down to 1828, that's the December contract, that's off 38 pennies, lights recruit is now back $4.40 and 92.58, natural gas off 37 cents, the 30-year treasury is down 10 ticks, there is no place to hide other than the U.S. dollar index, which is up about 25 ticks. Right now I do have a 10-minute delay on that. Lead the charge, dollar-wise the upside, you've got Hempeco up 127% or 7 bucks, Domino's Pizza up $3 and change that's 1%, Phase Holdings up $3 or 18%, Avid Technologies about 12% or 3 bucks, Best Buy up 260, that's 3.5% to the upside. The Shakers are John Deere and company off 12 bucks, Mercado, Lear Bay is down 10, Arch Resources is down about 10, Baidu is off up 10, Karuna Therapeutics is off 10, United Rentals is down 10, a lot of things are off $10 to the downside, but let's start by taking a look at, so we may have a bottom here, at least an intraday bottom, Stevie, come on, how can that possibly be out there? Well, if we just go take a look at those TD9 count patterns on the 30-minute charts, that is the reason to suggest that that is a possibility. So you'll see here are four equity future contracts, the bar following bar number nine is what completed as we came on at 11 o'clock this morning, well that was just really about what nine minutes ago. Now the cool thing about the TD9 count pattern out here is that if the lows of the day get taken out, that tells you that we should continue to head lower out here because this pattern will have failed. Now we've got to go take a look at the other intraday charts, see what other kind of signals that we have out here. Now what price should do? Price should run up to their respective oscillator and change line levels. So for the ES mini, that right now is around 4029, in the NQ it's around 12496, in the Dow 32068, in the Russell 1878. So those are the price range areas, if in fact these TD9 count bottoms take hold. You close below TD9 count bottom and that says that we continue to move lower out here. So that's the first thing. Now let's go switch over and take a look at the daily time frame charts out here. So we'll change our windows, we'll take a look at the daily and what we'll see here in the daily in the upper left hand corner you've got the ES mini. We now have bar number eight that is going to complete today. That suggests that the ES mini could or should form a TD9 count pattern by Thursday. They still have to get bar number nine. In order for bar number nine to complete, it needs to close below the close of bar number five. So unless there's going to be some major rally, more likely than not, we're going to get a confirmed TD9 count bottom tomorrow and a completed pattern on Thursday. Completed because the lower low can't take place on either bars eight, which is today, could be tomorrow bar nine, or could be the bar following bar number nine. Now price is making its way back to its breakout level 383875 with a TD9 count bottom. It smells and we're end of month window dressing, the whole nine yards. So we should get some type of bottom pattern out here that forms an ES mini between today and Thursday inside the end Q today will become bar number nine. That says that tomorrow would be the completion of its pattern out there. And this is occurring right at its breakout level of sport 12191 75 out here. If you look at the Dow equity future contract today is going to be bar number eight. Now it does not have a TD9 count pattern. So that we do not have TD9 count support. So instead we really rely on the ES mini in the end Q's charts here to provide us with additional signal information. But like the ES mini, the YM, the Dow equity future contract should complete a TD9 count bottom by Thursday. The Russell 2000, it does not have a TD9 count. What it has is an A to B equal CD as do the other equity future contracts out here. But it really is a TD9 will be watching out here, a bullish reversal candle, though for those ES, the end Q, the Dow would confirm a buy the D point pattern as well. It doesn't matter if we have two bottoms out here, Stevie, it does not. So in the case of the Russell 2000, its bottom could not or would not form until we see some type of bullish reversal candle. But price is basically close enough to complete that one to one move out there. Speaking of the, now let's just take a quick peek at the weekly charts. What needs to occur? Oh, did I delete it? One of the weekly charts? Oh, that's a bummer. Okay. Well, it was the end Q's charts out here. So here's the, and I apologize, I'm not going to be able, at least during this two minutes to pull that up. And I don't know exactly what I did, but I did it because life has happened for me. Let me just check real quickly here. Is there another weekly chart? Let's see. Two weeks, three weeks, four weeks. Where's the end Q? Weekly chart. That's the dial. Sorry, folks. I think I actually have it here. Maybe I don't. I hate to fumble around during these. There we go. Okay, we got it up. Okay, perfect. So here what we're watching on a weekly basis is only Tuesday. But if there's going to be any kind of a bottom, meaningful or otherwise, could just be, you know, counter trend move out here, what price needs to do is hold those weekly oscillator and change lines. The ES numbers at 4021. The end Q is trading just below its level right now. That number for the end Q is 12373. For the Dow, it's 32134. For the Russell, price is still above that level. Pretty amazing out here. Now it shows ATD nine count, but bar number eight right now is below the close of bar number four. But it's going to be an end of week thing. But 182710 is its level of sport on a weekly timeframe for the equity future contracts out here. Now, if we just take a look at, I did mention that everything has got the A to B equal CD patterns out here. If we take a look at the, here's the equity future contracts, you'll see the ES attained at the one to one level, the end Q doing the same thing, the Dow doing the same thing that did it yesterday and here the Russell 2000 close enough to complete that one to one. Its actual price projection was 184660 below 185010 out there. Steve Rhodes with TFN would love to hear from you at 877-927-6648 or send me an email Steve at tfn.com such as Nicholas did here. We're going to go take a look at the SMH's for Nicholas. We get back from this break. 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At 727-873-7618 So I want to answer that first give me a moment just to get to the spot I need to get to here we go and I will pull over the SMHs which are only in bar number three so pull over the SMHs so TD9 count is not the pattern at least at this stage of the game that's going to identify the bottom so we just simply eliminate that now you asked about oscillator and change on and so forth so for the SMH it's at the 220 well let me get to the exact number it's at 233.19 as far as support prices below support that was the bottom of the profile out there and the bottom of the profile is at 229.48 so that's old support that becomes resistance out here no other support on the SMHs so with regard to the SMHs here's what we know they've got the 80 they've at least done the 1 to 1 a to b equal cd to the downside now price along the inside of that c to d leg out here so could be doing more than a 1 to 1.272 so let's go take a look at the actually to be equal cd pattern and its price projection level so you can see it hit the 1 to 1 at 214.45 1 to 1.272 is down at 208.64 what the SMHs need Nicholas to identify a bottom is a bullish reversal candle it's short of that price will continue to move lower so 208.64 becomes the next target to the downside but in order to do a thorough review of the SMHs for Nicholas we can't just stop right there can we well we could but we won't why won't we well we don't have any other questions in the queue so that's one of the reasons but really we won't because we're thorough around here so we're going to begin in the SMHs with the top eight components here because this is where really the the the the the the the the the the metal hits the road that's not it stevie but this is really what we want to do so if you take like a taiwan semi conductor tsm number one waiting inside the semis i don't know the percentage off the top of my head 10 to 13 percent i believe something along those lines but you can do that work yourself out here they have lower to go before they get to a buy the d-point pattern which looks like it's around 80 50 or so if you look at nvidia nvidia is an a to b equal cd to the downside it has attained the one to one level so this needs a bullish reversal candidate confirm a bottom out there we look at the texas instruments out here txn prices pulled back and it's holding the support of its breakout air 165 57 no td9 count pattern and uh it's needs to go lower for an a to b equal cd to the downside around 162 no bottom signal there qualcomm is going to form bar number eight of a td9 count that says a td9 count bottom and qualcomm should form by thursday out there its breakout level is 130 26 price might get down to tag that area out there between tomorrow and thursday abgo uh broadcom has completed the one to one a to b equal cd when i say completed it's attained the one to one level that's not completed by the d-point pattern so it's made that one to one move it's done more than that and again it needs a bullish reversal candidate to confirm a bottom azimil holdings out here today is going to be the bar following bar number nine maybe azimil gives you a feel tomorrow in the next day as to what the smh's intent there why because if azimil closes below today's low whatever that is that td9 count pattern will get negated and that'll suggest lower price lower price for um as ml holdings is at 434 55 amd out here this has an a to b equal cd to the downside now it didn't take out its swing point until yesterday so i'm not sure if it was confirmed meaning if it had the volume let's take a look at that so the b-point was a trading day from uh a 24 56 million shares yesterday so yesterday was 61 million shares so amd has a confirmed uh a to b equal cd to the downside that should take it into the 83 ish area that would need a bullish reversal candidate to confirm my bottom as well clack cala c 10 core out there is got an a to b equal cd to the downside getting composed to achieving the one to one uh level out there um and it will need a bullish reversal candle to uh confirm a bottom so that's the top eight out there so the only one with really a bought a real true bottom signal right now is azimil holdings the bar following bar number nine of a td9 count let's not stop there we don't have to stop there we've got more that's right and if you order now uh you'll get the uh i'm just kidding you out there but the more that we've got here are the next eight components inside of the smh's so i know we're way over 50 percent of the holdings inside of that so if you take a look at ticker symbol adi today should be a td9 count bottom pattern out here no bullish reversal candle would be a nice thing to confirm a buy the d-point pattern but you close below today's low whatever that is 145 19 is where it will target snps out here that's got much lower to go before it gets to its a to b equal cd price projection the one one that's in about the 325 area bar number eight inside eventel so this could form a td9 count bottom by thursday out there if we look at the lrcx it's done more than a one to one a to b equal cd just needs a bullish reversal candle to confirm a bottom amat the same thing with regard to an a to b equal cd pattern needs lower price maybe around the 93 area where 94 62 um me you has got an a to b equal cd to the downside now the question is was it taken out with volume yesterday and let's go find out so it's b point which was the trading session from august the 24th out there did volume of 9.9 million yesterday 11 million so uh for micron you've got a confirmed a to b equal cd to the downside should take us to lower price around the 53 area is the one to one bar number eight on cdns that says it could form a td9 count bottom by thursday and nxpi today should be its bottom so again watch today's low whatever that is if you get a close below that inside of nxp tomorrow if you get the same thing inside of adi if you get that same kind of pattern inside of asml then what that tells you um nick is that the smh are likely to have lower out there so we're not seeing a ton of um signals for a buy inside of the smis when we take a look at those top-aid holdings so nick i hope that helps you out i think you got to really be patient here and thanks so much for the request uh just looking through all these emails out there evan is a one that they wrote in she has a great show well thank you evan uh can you please analyze dna for a buy point absolutely so give me a moment here if you would i'm going to close this out because having all those charts open is really slowing things down during these shows so you want to take like a dna and i'm going to go ahead and get that uh a dns that's not right dna is a tickle symbol so let me see here i'm going to switch over to the black background screens while i then on my other screen get the uh get that going for us but let's just see what we've got here on the black background screens which shows that uh price is right now consolidating with inside its daily profile so before i do too much work out here there's support between 240 and 273 and you're looking for a buy point and so right now we'd go with the 240 area as a place to be looking or at least observing of course what we'd like to see is some kind of a bottom pattern out there that uh form so when we get back to this breakout here evan we're going to look a little bit further into dna see if we can find some type of buy point area for you and that is ginkgo bio works holdings zeroed with tf and n 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 published the gold report with coverage of gold silver bonds the xu hui gdx as well as more 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has eight different shows with expert hosts to help you make the right moves with your money watch online at tf and n dot com or on tf and n's youtube channel and become the investor you were born to be tf and n 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 tf and n dot com welcome back folks so we're taking a ticker symbol dna that is a ginkgo bio works holdings out here this is for evan who is looking for an entry point so evan we take a look at the daily time frame chart what you and i see right now is prices trading below its breakout level which is at 269 so a close blow 269 on the daily time frame suggests lower price now the lower price target could be at swing point from the trading day of may the 12th now that swing point did volume of 26 million shares today you're already about nine and a half million shares in two hours of trading so it appears that price is pulling back into this area with volume won't really know till the end of the day but the swing point high of that candle sessions at two dollars and 49 cents 249 the low so far today is 257 the price closes inside of 249 with volume that was at 26 million share i believe then that suggests that price would actually go test the low and that would then take out the 240 level so that low so you're really watching may 12 i can't tell you what is going to happen today and tomorrow volumize but if price does get inside of 249 does with more than 26.6 million shares odds favor move down to 209 so i gave you 240 which was the bottom of its daily profile 209 is not a bad spot to take your position it's got a weekly roadsman to indicator bottom that formed out there as well so maybe what we do we bond is uh let's continue to monitor this over the next couple of days right back to me or give me a call and you know as price is approaching that area and we'll we'll go from there i don't have anything for you on a 30 minute time frame to suggest that there's a bottom so thanks so much for enjoying the show and for writing in much appreciated let's go to our next request out here is from timothy s tim wants to take a look at bx so bx let's get that fired up on our screen out here let's read the question please discuss buy points for bx and ump and this is tim in golden colorado so this is blackstone which is trading below so it's got the a to b equal cd pattern as well we could draw in the a to b line out here for you so we'll draw an a to b and then we'll just take that exact same we'll just copy it in this case here so we'll just simply copy it and paste it and move it we'll try to move it there we go so there's your a to b equal cd so the one one one price projection gets down to 93 48 the low so far today is at 94 31 now what this needs out here tim it needs a bullish reversal candle to confirm a bottom uh you're below the bottom of its daily profile you're below its oscillator and change line you're moving back into a swing point haven't gotten there yet from the trading day of july the first now that had volume of force 4.6 million you're 1.3 million already in two hours of trading so that's getting kind of close to that volume it hasn't gotten to that swing point just yet but odd's favor i mean you've got the a to b equal cd pattern that would take us there so likely that area is going to get tagged and will release some information to you on a weekly basis prices are going to suggest uh down to the 90 59 level that's the bottom of its profile looks like that's both the bottom and the center it is so that should be a strong area of support so 90 59 is looking pretty decent out there but with regard to the daily you need a bullish reversal candle otherwise price is going to continue lower and the likely price target is either the swing point that we looked at or that 90 59 area so tim i hope that helps answer your question oh you wanted to take a unp as well so let's get that up on our screens maybe this has got a better looking the charts for you or some other patterns that are out here so let's get that up fired up unp is union pacific by the way it is trading right now at 226 uh and change it is below at the bottom of its daily profile you can see it's got an a to b equal cd to the downside it's more than a 1 to 1 as we speak right now this also will need a bullish reversal candle it may be targeting its breakout level and that's on the daily basis that is and that's at 221 55 there's any hope it's the weekly chart and that weekly chart oscillator and change line which has been tagged but so far is held and that low uh that oscillator and change line is at 225 67 so tim if you see a close below certainly weekly close below to that that level out there 225 67 i believe was that says lower price it's still be watching for a confirmed a to b equal cd on the daily time frame the monthly time frame chart just shows really a consolidation with inside its monthly profile out there so unp doesn't look like it looks like uh you know you got to wait for that bullish reversal candle expect an anticipated move to 221 55 and that's the price you see a move below the 225 level out there so tim i don't know that i gave you any good news uh maybe the good news was if you're going to buy those today that's not what the chart patterns are suggesting to us however and if you see a bounce here that i don't want you to get upset because on a 30 minute time frame chart make sure i'm on it yep we are 30 minute time frame chart you can see that we may it's only 1135 we may get a confirmed roads momentum indicator bottom we need a bullish reversal candle for that and that would take price up to 228 you do have wave number seven and if there is a higher low during the 1130 to 11 to 12 noon bar out there you'd have a confirmed wave number seven pattern again that would suggest at least a move to 228 53 and we know there's significant uh well we don't know this but it looks like the bottom of the 30 minute profiles also the bottom of the center so 229 39 is a real key level of resistance right now if you overcome that that would be a positive outcome but uh the daily time frame the weekly time frame with regard to ump we're just not seeing a bottom pattern out there that's worthy of taking a long position so tim thanks much for writing in i do hope that helps you out we've got a question from michael p wants to go get disney i believe so let's get disney posted up here let's read the question it goes like this hello steve i'm in disney long term sold calls against it thinking of covering the calls here also long and strong pbr paps blue ribbon out there yay it's always a good thing to be long paps blue ribbon thinking of selling half and buying back on the pullback the dividend yield is 22 well cool that's mike in pennington so let's take a look at disney see what kind of information we can help you out with so today is going to form bar number eight of a td nine count assuming that price closes below this is key 116 41 looks like it should happen but if we get some kind of rally in the afternoon and price close above that then mike you will not have a td nine count bottom now because this will be bar number eight that suggests that disney could or should form a td nine count bottom between today and thursday out there so i believe that's the piece of information that you were looking at now there's a to b equal cd to the downside the swing point which was august 24th had volume of 7.8 million shares yesterday was taken out with 6.8 million shares so you still have an a to b it's not a confirmed one meaning hasn't hasn't blown through the b point of the a to b equal cd with volume but that does not mean it is not in an a to b equal cd to the downside pattern just means it hasn't been confirmed out here so the one-to-one price projection inside of disney would take us to 106 well if we look at the disney chart out here the weekly is forming a new profile as we speak so the new profile has resistance at 126 48 it has got support way down there 93 86 97 48 out there bullish and structure but you know that could be where prices is headed to stevy would you make up your mind out here and and help mike and pennington out yes so you're in a you're in an options trade out here right now your long term your long disney from a long-term perspective and disney does have a long term by the d-point pattern that's on the monthly chart that says over time price should target 130 366 so i get that the weekly has a nice confirmed roach meant to mitigate her bottom so price but prices back inside this profile now i i look you you got bar number eight of a td9 count out there it makes sense for me to go ahead and and cover those cover those call options at this date here but i'm giving the information well tell me we get back to the break i'll show you the 30-minute she wrote tfm you might think that if you 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disney on the 30-minute base of what disney has not done is close above a td-9 count breakout area so you know you can remain patient here you may get lower price inside of uh disney uh if price were to close above 115 39 then i'd say that that is not the case that that td-9 count pattern likely will take hold in the 30-minute basis you can also see roadsman communicator signal trying to form out there it just formed a doji candle at 11 30 out there so creating a bullish reversal candle would not be that difficult to do the question is can it overcome its oxygen chains on a 112 71 and if it does can it overtake 114 71 well since 114 71 the top of daily profile which is active as resistances that far from the 115 39 level i'd say 115 39 would answer your question mike with regard to what disney intends to do so you might get another day or two of downside action out there i mean you can get more than that for sure the td-9 count could fail now would then tell you the a to b equal cd pattern is in place out there so i hope that helps you out you also had a position in pbr so let's get pbr up on the screen out there and i know i made fun of it being paps blue ribbon but that is certainly not the case out there instead that is petrol bras and then we take a look at petrol bras trading out at 14 35 and you're thinking of selling half and buying back on a pullback out there so the question is do we have any kind of a topping pattern inside of pbr for its daily time frame we do not but what we do have and not every single one of my tools is going to identify a top what we do have is we do have its swing point being tested from august 11 that swing point had volume of 54 million shares and it was tested with this is the trading day yesterday with 29 million so 29 was tested and that had 54 so that was a real light volume test price did close inside it but you've rejected it now you're below the bottom of its daily profile below the greenhouse that are in change line so it looks to me like this once you get back into the gap out here and that was between august 22 and august 23 the weekly chart which just shows really a sideways consolidation movement looks like it wants to get back to 1387 the day the monthly chart suggests maybe price could pull back to 1280 but i'm not so sure about that so i say 1387 is likely where this wants to head to however much like disney if we take a look at paps blue ribbon out here we can see that on a 30 minute time frame mic at 12 noon it will complete the td9 count pattern and so that makes it pretty easy for you either price is going to bounce up to its offset or in change line at 1476 or if in fact price close and blow the td9 count bottom i don't know what it will be by noon at 1145 that td9 count low is 1431 that's the current candle session let's assume and we're at 1436 i don't know if it's going to hold the five cents or not but whatever the low is if price close below that on the next bar at 1230 that tells you about a strong moment to move to the downside out there and you would expect lower price so that's you use the 30 minute to kind of help navigate the daily time frame which is basically saying okay on the weekly we might get back to test that green acid and change line at 1387 so hope that those details help you out thanks much for taking the time to write in let's go to some more requested of coming in from the tigers down the first one from a muck uh let's take a look at msft that is microsoft so let's get microsoft which i believe is a td9 count or by the d-point bottom that's forming out here it's going to be one or the other so let's get that up on the screen specifically what mike muck wanted was the oscillator and change line in the tassels yeah today bar number nine of a td9 count so we should get a microsoft td9 count bottom that will complete by tomorrow right now it is above td9 count breakout supported 258 85 so microsoft is suggesting a viable bottom that should form by tomorrow today or tomorrow that then should take us up to its oscillator and change line you asked about that i believe 278 42 is the current level that is the center as well of its bullish structure daily profile that is where you would expect a counter trend move to end if it is only a counter trend move that course that assumes that in fact at bottoms now there's also an a to b equal cd pattern so bullish reversal candle would go a long way to confirm that currently by pattern do we need that to happen no it would just be nice to happen if we look at the weekly time frame chart out there outside and change that 226 uh task profile support level 253 31 by the way on the daily or below the support level and i think you got that when you talk about that counter trend moving into 278 42 ish area out there monthly time frame you're below the bottom of the monthly profile no bottom pattern that is in place out there and it says microsoft longer term may want to go target to 1194 so with regard to microsoft we've given you the oscillator and change line levels if i haven't mentioned one you can see those on your screen as well as the uh taz profiler it does look like microsoft is preparing for some kind of a bottom is it not today cb you said today's bar number nine is it possible that is today well one possibility would be yes if in fact microsoft can take out some resistance levels it's got a rogment indicator bottom signal it does not have a bullish reversal candle if we could generate a bullish reversal candle then we'd be looking to see what happens as price deals with 268 33 if it can even get up there right now 265 34 would be the counter trend area where price would simply find resistance the price get above that then you look at 268 33 above that 272 77 out there so it's got the potential it's trying to form that intraday bottom out here there's just nothing that's been confirmed just yet and there's no resistance areas that have been taken out so i'm u k i hope that helps you out with regard to microsoft thanks much for taking the time to write in sat inside the tigers then once take a good roku r o k u is the ticker symbol and also looking for the same kind of information support levels so as roku gets fired up on our screen out here we know that roku is trading out at what come on come on there we go trading out about 66 67 bucks even steven or right around and now prices below it's red ocelerate change line and a staley profile today is the lower low out here today should become the td nine count bottom if it fails that means we see a close below that well that's going to go target that hammer candle that's a high volume low that's from the trading day of july 29 ideally price would tag 66 46 that's the top of that hammer candle only got down oh 66 38 hold on a second here hold your horses so now you're going to get a test of that swing point oh shoot uh you know what i'm gonna do i'm gonna switch to the black background charts out here so let's do this give me a moment it's going to be easier for me at least to show you a roku on the black background charts and the test of that swing point so let me get that a little decorate the chart here we'll use the top of that swing point that should be about right there at 64 a 66 46 and again that volume you can see big high volume low 46 million being tested today with 2.9 million shares again the low today is 66 38 so close web 66 46 will be a test rejection with lighter volume can't bust them down we'll try to bust them up so you are looking for support levels you're getting a bottom signal now but prices fail to do uh recently is closed above that red oscillator and change line and so that's going to be a real significant area for you price can close above that that's currently printing at 70 70 0 4 out here and we're trading at 66 95 on a weekly basis you've got a rosement of indicator bottom the monthly is the problem trial because it negated its td9 cowl bottom last month nonetheless roku is preparing to form a bottom should form a bottom and if you can close above that oscillator and change line 75 45 is likely where price will head seabroach with tf and n will be right now 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 7 million ounce gold reserve this to gold has all major permits approved and has retained civc capital market assistance in evaluating alternatives and in completing an accreted transaction this to gold trades on the nyse american and tsx under the ticker symbol vgc this to 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 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up today and become a part of this educational community of traders just visit the front page of tfnn.com I'm back folks so we've got two minutes left here in the show let's go back take look at the ES mini and again just remind ourselves of the signal so today it's going to become bar number eight of a td9 count that suggests a td9 count bottom should form between today and thursday out here as we look to the five-hour time frame chart this bar does not complete till 2 p.m. it already has a confirmed rogment and indicator bottom but a close below that low which is 4,006.75 will negate that signal and that would then suggest that a new bullish reversal candle would need to form in order to confirm a five-hour rogment to indicator bottom the same pattern inside the 240-minute chart when I say same pattern I take that back you now have a rogment to indicator signal that's been triggered if you get a bullish reversal candle that will confirm a bottom the same thing with 120-minute time frame chart rogment to indicator signal been triggered the same for the 60-minute each of those need bullish reversal candles so that's what you'd be looking for for 60-minute two-hour four-hour five-hour time frame charts 30-minute charts say we should bounce why you have a td9 count bottom and price you go target it's oscillator and changeline that's a 40-23 that's really being confirmed by the 15 and the 10-minute chart both of those have td9 count bottoms as well so that says the cool thing here is now we can go back to the 10 and 15-minute charts and watch how price deals with resistance levels in the 15-minute chart that resistance level is going to be at 4003 or thereabouts if price can close above that that's not going to signal move up to the 40-39 level well that takes us to the 40-23 30-minute oscillator and changeline area so watch 4003 or so on the 15-minute chart the 10-minute chart shows us that price we had a td9 count bottom price found resistance at the bottom of its profile that's at 39.97 it is bullish in structure the real counter trend area where price where if it's just a counter trend move for just a 10-minute chart again 10-minute chart you're really trading with inside the 10-minute time frame out there not the daily time frame but if price can't close about 4005 that would then suggest to move up to 4034 to 4046 out there so you can use the 10-minute and the 15-minute chart to navigate what it's communicating to us about the 30-minute td9 count bottom folks day two we've got great programming lined up for you for the rest of the day i'll be back with you tomorrow on terrific thursday tomorrow's wonderful wednesday i was getting the day ahead of myself so have a terrific tuesday and i'll see you tomorrow on wonderful wednesday take care be safe