 Let's go over to our mammoth Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks Steve's does an outstanding show here every trading day 11 to 12 Eastern standard time Also, it's a great newsletter mastering probability now It's very easy to get Steve's newsletter folks come over to our website at TFNN You're gonna hit newsletters. You see right on the right-hand side mastering probability. You can get one month for $149 six months for 695 Which is the savings of $199 at 22% and one full year for 1195 Which is the savings of $593 or 35% Now they all come with a 38 money back guarantee. Okay, Steve has a huge amount of tools that he uses once you get the newsletter you get access to all those tools folks so the bottom line come over test drive it If you're gonna get it, you know, why not do six months a year 29 days? It doesn't work for you It's tells it doesn't work for you and guess what you get your money back and We all move on Steve Rhodes. What's going on? Well, I'm still getting over that shellacking that your Bruins put on my Red Wings on Saturday night. Oh, I said I didn't see that game I didn't you they have a they've got a good team there. I don't know. They do that They they yeah, no, they definitely got a great team. Yeah, yeah, and I don't think they've lost this year and And tonight they probably put that same shellacking on my Florida Panthers from down here So I got a lot of the tuning tonight. I don't know But I'll tune in tonight. Yeah, yeah, that's good. This could be a real good year for you out there At least it's it's off to a great start. Yes So I thought what we do is just like the moon and the stock market has its cyclical patterns And that's what I thought we would at least touch on and discuss today So what and we've reviewed some of these charts before but this will give us a feel for exactly where we're at and what to potentially Expect so below here is the 94. We're looking at right now is the 95 year Seasonal chart for the S&P 500 the red vertical lines folks that you're for watch us on Tiger TV You're inside the den that's where we're at as of today and you can even see below that it tells you over those 95 years what an average Monday Tuesday Wednesday would do and then also by the week in September is obviously the worst not obviously But September is the worst performing month for the S&P 500 now what this chart tells us is over a 95 year period On average the bottom typically forms around October 26, so last last week we take a look at a 25 year Cycle pattern we can see here that the S&P 500 over 25 year period of time has typically bottomed in the early part of November in this case here October the 9th if we back it down to 15 years So we've only got really 15 touch points here This shows us that the S&P 500 typically bottoms around October 2nd So there's one thing that we can draw Tom from these three charts and that is that the S&P 500 typically bottom sometime in October So whether it's a 15 year time frame that we use a 25 year time frame or a 95 year time frame So that's pretty cool, man. Yeah. Yeah, it's pertinent to certainly today's discussion What I want people to get to hung up on is Maybe the exact dates where you know, I'll show them out here just so we can understand on average But it sometimes it's to the date But what you want to be aware of is the cycle that you're in the time period that you're in and in looking for Whatever tools somebody might use whatever bottom or top that would be forming there We go take this one step further and that step further is the fact that we are in a pre-election year And so we've got data that takes us back We've got 95 years worth of data you got to divide that by four and so we've got 20 some odd touch points out There which is a decent amount of touch points out here and this suggests that a bottom would typically Form around October the 26th. So the same as the same 95 year cycle without the presidential But in this case here, this just shows us with a rally into the early part of November So it sort of is picking up on your discussion about today's volume being so light that you're not really sold yet You're sold that we could extend ourselves here at least for a few days But this pattern here we want so we really want to do pay attention to this Because if all we get is just a couple day countertrend move and then we start moving lower This shows us moving lower into the December time frame If we take a look at that's 25 year period of time now This only gives us five data points out here, but still because we took a look at a 25 year chart Here's a 25 year pre-election cycle and this shows that we would bottom in early October And then we move higher into about really where we're at right now And then we form really kind of a sideways type consolidation period between here and the end of the year So it's 25 years, but it's really only five different data points So but but here's the pattern so that people can see that Now below are the daily charts because we're just focused here on the s&p 500 So I've got the daily chart for the es many the futures contract the spy and the s&p 500 Now each of these charts show that this is going to complete one of the patterns I use to help identify tops or bottoms is the td9 count pattern And what's going to occur today at the close is we're going to get a confirmed td9 count completed td9 count bottom For all three of these instruments. We're also going to get a roadsman communicator bottom And that's where price moves lower it gets stretched in the way that that gets confirmed Is when the bulls arrive in this case here, they generate bullish reversal candle So unless the market falls apart in the next 37 minutes, which it could but Unless it falls apart, we're going to get two bottom patterns now It doesn't matter whether we have one or two although I will share with you that the best bottoming pattern for a significant bottom would be that roadsman communicator signal So that's present If we take looking and if the at the equity markets rally Then what price should do from here is they should target this little red It's red or green line that's on my chart here. It's the red line. That's called the oscillator and change line Okay, so what we're looking for is the es many and this is going to don't use it to the to the point here to the tick But the es many should rally up to about 42 18 the spy We'd be looking for about 4 18 and 41 99 on the cash s and p index out here And I just took those a snapshot of those charts tom, maybe about 10 minutes ago So those would be good active numbers now adding to the idea of a potential bottom Is this tool here that I use this is a new york stock exchange And the panel is the the panel the panel right below price is the advanced decline line I take that advanced decline and turn it into an oscillator It's showing us a difference of that advanced decline line between the 39 and 19 period exponential moving average What's kind of nice is that at tops and bottoms oftentimes this will develop divergences and a divergence here where price moves lower But yet if we take a look at the advanced decline oscillator, we're making higher bottoms out there So the york stock exchange is indicating we should see a bottom if we take a look at its chart It's going to go ahead and confirm a td9 count bottom today And it's going to confirm a roadsman dominicator signal. No its first price target folks will be 14 9 16 ish Maybe it's going to be 14 9 20 as price moves up or down But if price closes above that that suggests we should see a further rally out there and uh The other thing that I was looking at earlier was the semis and I know that semis right now tom The the semiconductor index is trading above 31 73 55 And what I did share with folks on my show this morning is as long as as the uh As the semiconductor index closes above that at day zen It's just reconfirming the other charts that we just took a look at to suggest that we really do have a bottom now In the case of the semis, I would expect them to bounce up to about the 32 74 level and if we take a look at each of the cash industry charts out here We're going to see uh the dow has got to confirm roadsman dominicator bottom signal The ndx 100 has got that the russell is a weak link out here The transports are going to confirm a buy the d-point pattern So we're getting all kinds of signals out there and again that initial price target in the e s going to be about 42 18 For the nq around 14 5 97 It's going to be a bumpy ride because market breath is still Only bullish for its 60 minute time frame out there and what that tells me is that tonight between 6 and 8 p.m We should see the market start to pull back a bit. I don't know how far it will pull back in the states But i'm looking for a short term top between 6 and 8 o'clock tonight It's a great information steef and you know particularly folks. Okay when you're going through that the first charts with autoba Is where the end of autoba that's pretty cool free separate ones. You know what I mean? Absolutely. Have a great one a safe one. We look forward to show tomorrow steef. You bet. Thank you Stay right there folks. Come right back