 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good morning folks, welcome to the December 5th, the terrific Tuesday edition of today's Traders Edge show I'm your host, Steve, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day 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 and 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 want you to know I'm absolutely grateful for your presence here I've been 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, I'd love to hear from you at 877-927-6648 Now if you've got a question but you can't call in, we've got you covered, we've got your back Just go ahead and send me an email, send that off to Steve at tfn.com, send it early Into that 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 terrific Tuesday, of course this is Tiger Financial news network, I'm Steve Rhodes, welcome to the show Right now we've got a mixed bag out there, the mix goes like this, the Dow is off 55 points, the S&P is up 8 The Nasdaq 100 is up 87, it's about a half percent move, the Russell is down 16 Nearly 1%, 6 tenths of a percent move to the downside for the semis 22 points there, Gold's off 6 bucks, Silver's off 41 cents Life recruit is up 36 pennies, natural gas up 6 cents 30 treasure up nearly 2 points, printed out at 1.19.26 Now I had some technical difficulties, we didn't do the 11 o'clock update Let's go ahead and do that now just to kind of give us our 9-panel market overview So yes many, we've got a brand new profile that's attempting to form here There was one that attempted to form yesterday, didn't take hold New one that's trying to take hold today, very narrow in range, 45.51 in support 45.82 is resistance, we're trading at 45.83.50 right now If we take a look at the spot volatility, it's still below 50 day Exponence moving average, that's always a positive for buyers Now I say always, it's always unless it's made a bottom If we take a look at the NQ out here, the NQ consolidated with inside its daily profiles Yeah, you should see the black and white screens, that's what we're looking at right now We've got the 9-panel charts out here, Dana So on the upper right-hand corner, you've got the NQ out there We still have two tops, doesn't matter whether we have two or one You've got one top, which is the Rosemont Dominicator Top That's at the 16-2,850 level And a 16-1,7350 is the TD9 count top What we've got is good old fashioned consolidation We know that support area is held, strong support at 15,748 A price close below that, that would be telling us to be careful to the downside Right now your resistance level where price could be rallying into Would be up by that 16-1,02 area If we take a look at the US dollar index, it is rallied right in the top of its daily profile Top of its daily profile is at 103,76 If we close above that a day's end, we may have a change in trend signal Goldilocks is pulling back the test support Its support levels the bottom of its profile That's at 2032,20, the low so far today 2036 Silver, which has a sell the deep point pattern, as does Goldilocks Is now trading below support And support for silver was the bottom of its daily profile That did form yesterday, and that's at 2489 We'll have to go study the silver charts to figure out where its next level of support is If we take a look at Glyde's recruit, still holding that rising trend line out there If it does rally, 7575 would be its resistance level In the case of natural gas out here, still trading below profiles My suggestions, we come back to natural gas in January, February of next year If we take a look at a 30-year treasury, it's on its way to completing that 1 to 1 A to B equal CD pattern That price projection, we're trading it out right now at 1,1914 Up at 120 and change out there We're trading it up yesterday's high, there's no signal here to suggest That it should not continue to move higher So that was our nine panel market update chart Let's go try to dive down into this a little bit further Get a feel for it, the markets are communicating to you and I For that, we'll switch over to the white background charts On the white background charts, we'll begin by taking a look at the NQ Why the NQ? Because it's the strong dog out here It's been the strong dog to the upside, strong dog to the downside So we know about the NQ, we already discussed the tops You can see that in the upper left-hand side out there You'll see a TD9 count, it was bar number 8 that identified the top You'll see a shooting star that identified the road's mid-diminicator top Of course we have that profile level, 15748 Now if price did close below 15748, 15465 would be the target Since support is held, can't bust them down Price might try to bust them to the upside We can see that the oscillator and change line is below the top of that daily profile So the real upside target out here for the daily timeframe is 16034 If we look at a 5-hour timeframe chart, 5-hour timeframe chart Not that I've got a bottom pattern per se, but price above the oscillator and change line A countertrend rally would find resistance between 15997 But more likely 16032 Those would be numbers to watch, why are those numbers to watch? Well the 5-hour chart is trading above resistance, the oscillator and change line As is the 4-hour chart, and the 4-hour chart is trading above the top of its daily profile So I go to the next larger timeframe and that gets us back to 15597 If we take a look at the 2-hour timeframe chart, the 2-hour timeframe chart is the one to behold Why? Because it's really providing us with the best signals What do you mean by that, Stevo? If we take a look at coming back here to the timeframe of 10 o'clock in the morning Back on November the 15th, we're now at December the 5th Nice TD9 account top, what does price do? It takes it right back to breakout support at 15822 That level holds, runs up and forms another TD9 account top out here A TD9 account top, forms at $2,200, that was back on November 20th Price pulls back, buying support at a profile level out there We've got another TD9 account bottom that forms at $2,200 Back on November 26th, that led to quite a nice rally That rally was a TD9 account top, that formed at 10 o'clock in the morning And that was on November 29th Then what we have out here, well, one, we had a roachment indicator bottom Inside of the NQ on the 120-minute timeframe That was 12 noon on December 1st, took price right up into resistance That was the top of its profile Now what we have out here is we've got a roachment indicator bottom That actually went ahead and completed at 4 o'clock in the afternoon yesterday Now what we can see is at this stage here, now this candle does not complete until 12 noon So we've got another 47 minutes out there If price is able to close above the top of its profile, well that's an easy thing 15853, that suggests a higher move out there It suggests a higher move One thing I want to put out here is a trend line So let's go see what this trend line looks like out there See if we run into that as a resistance area That would be the trend line So yeah, we're running into a trend line as well So price can close above that Also, that's going to suggest that further rally To get on that further rally, we are looking back at the charts on the left-hand side With that 997 being a likely target Now we take a look at the intraday charts Not that those weren't intraday, but we really get down to the intraday 60, 30, 15, 10-minute charts out there The one with the potential of a topping signal or pattern The ones that Stevie uses out here would be the 30-minute chart Now, in order for that to take place out here Price is going to have to spike above It's going to have to spike above 5961 out there You're in bar number eight right now It's going to need to do that between 1130 and 1230 today Steve Rhodes with TFNN, 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 Kegstat's Tiger Forex report Teddy Kegstat 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 Welcome back folks as we were going to break I noticed I overlooked the TD9 count top in this 10-minute timeframe chart We're taking a look at the NQ right now It's also got a Roadsman Dominicator signal that confirmed at 11-10 We're now in this bar here and it's taking price right back to support Support is $15,886 So with regard to the NQ from a very short-term standpoint The price closed below the $15,886 level here in the next two minutes That's going to suggest that we could see a pullback Oh wait, that's not the bottom of its profile The bottom of the profile is down right around its breakout area at 15-783 So that's a fairly large profile and it is bearish in structure So a close below 15-886 One should prepare for moving the NQ back to the 15-783-15-785 level And you'll know that in less than about a minute's time out there So that's what's going on with regard to the NQ Let's go take a look at the EES Mini out here So for that we'll go ahead and populate these charts It's going to take just a moment to do so Again, we're looking for patterns My eyes are going to immediately shift over to that 10-minute timeframe chart See if we've got any synergy there Meaning that all instruments are doing the same thing Now we've only taken a look at two out here And my apology has taken some time in order to generate the date out here But it is what it is I don't know why it's taken this long, I do have a number of things open So here we go With regard to the 10-minute timeframe chart Go ahead, populate for us Populate Come on Come on It's doing its own thing out there But without the numbers, I can't insist here So we've got a teeny-nine count top on that 10-minute timeframe chart And priced right now inside the EES Mini It also had formed a new profile That new profile had supported 4567 Right where price got back to So with regard to the EES Mini, watch 4567 That's where we're trading The price closes below that Or moves below that 4558 and a quarter would be where price would be targeting That's a 10-minute breakout level I don't have a 30-minute timeframe top out here With regard to the bottom I do have a two-hour timeframe Interesting that price is finding resistance At that oscillator and change line at 4567 out there Now the EES Mini, again, it's got a new profile that is attempting to form We won't know until days end But it's pretty narrow range out there So any of you that are trading either to the upside or to the downside With regard to the EES Mini, I think it's really important to understand That that profile is pretty narrow range When I say narrow range, I'm referring to about like 50 points I don't know, 4551, not even, 30 points 4551 to 4582 4551, even Stephen, 4582.50 Would be your resistance level We take a look at the daily timeframe chart out there So now we don't know if that profile will hold But that's the range that we're dealing with here Okay, so let's go take a look at a couple of requests We've only got really three requests so far Would love many more for those of you inside the Tiger's Den For those of you listening by email Or listening by voice, by voice, by ear out there I don't know how else you're going to listen to me And you can go ahead and send me an email Send that to Steve at TFN.com Or give us a call at 877-927-6648 But our first request coming in from Jack inside the Tiger's Den And Jack wants to go get two instruments American Express is one of them AXP is the ticker symbol We take a look at AXP, what do we see out here What we see, it's trading at about 172 and change out there Do we see any kind of a top? And the answer to that is, Stevie doesn't see a single thing that identifies a top out here There's no real A to B, CD pattern that you or I can draw in here We did get to bar number seven yesterday So we've got a spike above yesterday's high There is a new profile that is attempting to form That's odd, I think it's just got, yeah So it's the bottom is at 164.52 The center is at 164.52 And the top is at 165.72 When a new profile forms below price jack That's a bullish signal out there That doesn't mean that price can't get back down there But boy, before it gets back down there It's got to deal with that green oscillator and change line As long as price remains above that Remains above profile levels, conditions are bullish Let's look at the weekly timeframe chart What American Express is doing is trading into a swing point It closed inside a swing point that formed back here in July July 21, that swing point had 20 million shares Last week, it was up with 15 million shares Doesn't matter if you're in lighter as long as you're in that swing point Which you are, you still may go tackle the top That high is at 178.79 We're above the top of the profile of the monthly We are above its green oscillator and change line The monthly conditions are bullish outright Let's compare to American Express yesterday Well, yeah, yesterday was its first day to the downside Let's see here, since when? Its first day to the downside We've had a couple of one-day wonders That will go away today out there As my system doesn't keep track of those But what I really wanted to say is there have been No two-day nerdy jerk reaction bottoms Inside of American Express Maybe today is it A low Friday's low, maybe that's it And that would certainly be or that could be a buy point out there In bull markets, you typically will see two consecutive Maybe three, max is four out there But it's typically two or three bars out there That you would see with regard to American Express So, I would say American Express here is bullish on the daily Bullish on the weekly, the price target becomes That swing point that it's in on the weekly timeframe chart For 30 minutes out here, Jack, what do we have? We've got a Rojment Dominicator topping pattern But at price right now, we're dealing with resistance Both profile resistance, profile resistance at $172.53 And the odds that are a change line, which is at $172.58 If price can close above that level, $173.44 To $173.75 would be the price target So overall, American Express looks hunky dory Let's go take a look at Visa's Visa doing the same thing That is Jack's second request out there We take a look at Visa Visa can draw an A to B equal CD pattern Let's go see if it has completed that Because if it has, then yesterday was a sell the D point pattern So we'll just simply do our A to B And then we're just going to move that over to the C point Out there to see if we have in fact completed that pattern And the answer is, I think we are close enough We were close enough yesterday The actual price target is right around the $258.33 level The high that we got to yesterday was $257.39 So we're going to go with that sell the D point pattern And what I'll be watching here is the center of that Barrestructured daily profile And that number is, to give you the exact number Is $253.10 So Jack, the way that a Barrestructured daily profile Doesn't have to be daily A way that a Barrestructured profile would work For whatever time frame you're into If price were to close below the center Of that Barrestructured profile Odds favor, sellers are going to be able to Push price all the way down to support In this case, your support for Visa would be $246.54 It's not a guarantee, but it has pretty good odds Of doing that, likewise If price is able to hold this $253.10 level Even though we have a top, it is the price area Where price would find support If it's only a countertrend move to the downside And that is certainly a possibility It's certainly a possibility We take a look at the weekly timeframe chart Why is that, Stevo? Because we don't see any kind of a top here On the weekly chart And we take a look at the monthly timeframe chart Price last month Negated a Roadsman to Mindicator top in Visa In a Roadsman to Mindicator top Confirmed on August of 2021 The high of that pattern was $252.67 Last month's close Was at $256.68 That pattern has been negated out there That is a bullish signal So that's a Roadsman to Mindicator signal That's been triggered But we need a new Barrestriversal candidate To confirm a top So what are we going to go with here With regard to Visa It's definitely got a top It's neutral right now Neutral goes to Barrestriversal If we close below $253.10 Jack, hope that helps you out We come back this break We'll take a look at K-Web We'll take a look at UNFI Steve Rhodes with TFNN We'll be right back It's December, Tigers That means festivities, decorating Spending time with friends and family And the TFNN Tiger Dollar Holiday Sale Don't miss your chance to receive a 20, 30 or even a 40% bonus When you purchase Tiger Dollars Once you apply your Tiger Dollars To your account You will be able to use them For any TFNN product purchase Instead of your credit card Visit the front page of TFNN.com today To purchase your Tiger Dollars Don't miss your chance to receive Up to a 40% bonus On your Tiger Dollar purchase This holiday season Every Tiger who purchases Tiger Dollars Will also receive a complimentary TFNN Tiger mug with their purchase Act fast, this sale ends December 17 Happy holiday, Tigers TFNN Educating investors 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 Join our community of traders In the Tigers Den, you can look Over the shoulders of Tom O'Brien And the other TFNN hosts While they analyze charts during Their live Tiger TV programs And join an interactive trading Community with hundreds of members Exchanging ideas, interact with Other Tigers and Tigresses as they Share trading ideas, news analysis And discuss the market action All trading day, even at night And on the weekends. The Tigers Get mobile or tablets as well So it's always at your reach To sign up today and become a part Of this educational community of traders Just visit the front page of TFNN.com Don't forget, you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com Then hit Watch Tiger TV That's TFNN.com Then hit Watch Tiger TV Welcome back folks, we're taking a Look at our web ETF out here Crane shares China Internet ETF So take a look at K-Web The question is From this listener Will it go back to its October lows So here's what we can say with regard to K-Web Yesterday closed below the bottom of Bullet structured profile When it closed below 2704 Today we remain below that level So it's certainly going to target or Should target that swing point 12 million shares and the swing point Low is 2529 and the high is 2605 Again you've got 13 million shares Yesterday for example as this was moving lower It was 21 million shares Today so far in the first two hours Of trading 8.7 million shares Again that swing point has 12 million shares Prices moving lower with energy That would really increase the Probability that price is going to go Target that swing point If it closes inside that high And does it with volume That it should go target the low If we take a look at the weekly timeframe chart K-Web has support at 2604 That is the weekly bullet structured profile Out there so that's another area Of support to look at and on the monthly chart It would be 2438 But specifically your question was Is it going to go target that level And the answer we'd have to say Is yes so I hope that Helps you out let's go take a look At the U-N-F-I U-N-F-I It looks like a clothing company Isn't it United No United natural foods Unless you want to wear broccoli It's not really much of a clothing company When we take a Unify United natural foods Out here Coming out with earnings tonight Is what Dan tells me It is generated I've got a delay it's actually trading at 1646 And then a close day above The trading session from October the 17th You probably already know this That's a TD9 account top 1622 is the number of earnings tomorrow No problem tomorrow in the morning So still price That's a swing point that has volume of 680,000 shares First two hours of trading You've done 225 so we're about 750 So this should have volume to confirm An A to B equal CD to the upside Where would that A to B equal CD to the upside Take us to so let me do that calculation So I'll give you an accurate calculation Offscreen here And let me Second here so you're going to it appears That you're going to get it confirmed A to B equal CD That's going to give you a run to 1741 That would be the one to one price projection As we take a look at the weekly time frame Price right now is trading above the top Of its weekly profile of course it's only Tuesday But nonetheless that's still a positive outcome And a close this week above 1611 Would be another bullish signal On the monthly time frame Dano You've got a TD9 account bottom So that's nice to have that We don't really have a bottoming signal per se With regard to the weekly time frame Let me pull this back see if we could find An A to B equal CD pattern to the downside We most certainly can So you've got to buy the D point pattern out there And price again is trading above The top of that weekly profile So overall I would say That UNIFI United Foods out here Is likely to move higher As prices above all resistance levels out there Now if we go back to my black background Charge because there I can easily And automatically draw in some trend lines Out there and that's really what I want to be able To show to Dan out here if we take a look At this A to B equal CD pattern I don't know why it went away but it did And that means we're just going to draw it back In here so again the A point is going to be From October 3rd, the B point is going to be The high from October 17th Let's get the actual C point The low is 1107, 1109 And there we go 1107 it is The 1 to 1 takes us to 1741 Dan noticed that there's a downward Trend line that would take us right Into that level as well Very close to that level So it does look to me like UNIFI United natural foods Wants to trade higher But then coming into earnings tomorrow At least that's the signal Even on an intraday chart like a 30 minute Time frame chart what I don't have Is any kind of a topping signal You're only in bar number 5 as we speak Right now a various reversal candle Would confirm a roadsman to Miticator top but at this stage I don't see that At least as of 1135 AM of course we're only 5 minutes Into this next bar that is Forming out there And Hector wants to go get the GDX so let's pull up the GDX Hector's specific question is Is today the C point A potential C point of an A to B Equal CD at the upside Trying to identify a C Point is a hard thing to do So here's what we know Let's clean up this chart and get rid of the A to B equal CD to the downside out there Let's get rid of that pattern And you've got an A to B equal CD to the upside Now the interesting thing here with regard to Is we pulled this chart back In a moment We pulled this chart back out here Hector Is that we don't Have a confirmed Sell the D point pattern What I mean by that is we still don't Have a various reversal candle Confirm this move Does that matter? No it doesn't Necessarily matter because right now What we're asking the question of is where is Support because really As far as a C point How do we really support hold Now I don't know if support is going to hold As we speak right now The reason is because price is trading Just below its green oscillator and change line Although let me see because I do have that delay On some instruments Do I have it on the GDX 3836 is where we're printing So I'm at 3033 So we're pretty close here So we can see that the bottom of the daily Profile Hector is at 3046 You'd prefer to see that hold You see that green oscillator and change line hold And that green line is printing out Right now At 3039 So I don't If that holds then it's got Potential out there If that didn't hold Then that could be telling you and I That the GDX is getting ready to head back To 2768 So it also suggests what you need to do is Keep your eye on Goldilocks Because if gold closes below the bottom of its profile We're looking at that right now But I'm certainly going to share that with you If gold were to close below 2023-20 The odds favorite that the GDX has not made the C-point But because so far that level is held It's got potential I wish silver were participating there Hector Silver is well below the bottom of its daily profile The bottom of which is 2489 We're at 2438 right now So I don't know the answer But Why? I know the answer Watch those two levels At 1137 I think it's too early to make that call Out there Why is it too early Stevo? Well it's too early because when I take Look at an intraday chart and that's what I put up on our screen next This is the 30 minute time frame chart I don't have any kind of a bottoming pattern I see an A to B equal CD to the downside Or a potential A to B equal CD I don't even know here just look at this chart If there was enough of a retracement Let's just assume for our purposes If there was enough of a retracement If that's the case then price still needs to move lower In fact spike below 30.06 A second TD 9 count breakout level For the GDX And what you would want to see here then Hector Is a bullish reversal candle And obviously a rally back to the daily time frame To see if price has held those support levels So the 30 minute time frame chart Is not suggesting that you look for a bottom Just yet inside of the GDX Either but maybe that unfolds Here over the next couple of hours or so Lastly with regard to the GDX Today is likely to become Day number two of consecutive Moves lower out there And as you know in bull markets And if that's what we're in we should see A bottom form today Bar number two Stay tuned folks 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 The KegStat's Tiger Forex report Teddy KegStat 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 start your 30 day Tiger Forex report subscription today Visit the front page of TFNN.com TFNN 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 It may be time to take a closer look Trade C-H-A-U or C-H-A-D Directions daily CSI 300 China A-Share Bull and Bear ETFs China A-Share's 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 Please contact Direction shares at 866-476-7523 The Prospectus or Summary Prospectus Should be read carefully before investing An investment in the fund 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 Sorry about that folks, Stevie had a little Brain fart out there. We've got the Real charts here for the GDX up on our screen. You can see right now price testing Again, support that greenhouse return Change line on the bottom of that daily profile That is certainly a level that you want to see price close above If you're using today as a potential See point out there again at price Closed below those levels 2768 is wide open If you look at the weekly timeframe chart We just have a consolidation inside his profile 2921 could be a level Of support there. The monthly chart looks pretty good As we closed above profile last month We're still trading above it this month out there So that's suggesting that price Wants to longer run higher out there So Hector and everybody else, I hope that helps you out Let's go out to Niagara Falls and speak with Michael Michael, thanks for calling Thanks for holding. How are you today? Hi, thanks for taking my call My pleasure as always And you want to take a look at the Shanghai index I believe. Is that correct? Yeah, I'm in general the Hong Kong Biocomposite indices Okay October of 2021 When the Russian market That's the RSX Vectors It's no longer trades But there was a disturbing trend Where the markets topped out And they plunged And they plunged because Of the prospect of war So my question to you is Can you analyze the charts On the daily, weekly, monthly And tell me Are we heading for some kind of Asian conflict Because Asian conflict I mean, we'd call it Sunday January the 13th, I think it is Or the 14th In Taipei On the election The election in Taiwan in mid-January And is the market Signaling conflict So you want to go back and you want to take a look At October of when? October 25th, 2021 That was when the RSX Topped out in Russia Moscow Stock Exchange Began to sell off Three months in advance Of the Ukrainian invasion Okay So it was Perceptif's drop He kept dropping, dropping, dropping And the moment he invaded February 22nd Then RSX just plunged Okay So the issue becomes You look at the Hong Kong Hang-Tang Index And then you look at Shanghai Composite And they're weak It's like a It's just a constant Bleed Okay, it's constantly bleeding Losses, like there's no No robust Rebalance whatsoever And you can see that the CQQ In the Hang-Tang Technology ETF Like for the year 2023 CQQ's has been very, very weak And it's kind of Well, it's just been very bad Like I'm looking at Typing it in now That's the Investicle Exchange Traded funds for the China Technology ETF And it's been a lousy It had a January effect Pause a January effect And we gave it up After the Op-Ex in January And it went straight down So I'm thinking Maybe just maybe We're looking for some kind of Are the market signaling conflict Military conflict in Asia So I don't know the answer to that question But here's what I can share with you I can share with you We had a big move to the downside yesterday Inside of the Shanghai Next is the bottom of its daily profile Now this is a bullet structure profile Michael and that is between The range of 3100 And 3117 We closed at 3116 last night So odds favor that price is going to make a run For that level If it gets below 3100 Closed below 3100 Then we're likely looking at a testing that Swing point low from this October Now I don't know whether we'll take that out But that would be the price target to the downside And that would be 3065 Now price closed below 3065 I want to see where that takes us to What's the Fibonacci extension To the downside Fibonacci Tell me exactly what you're asking for I don't know, I want to get as bearish As bearish as possible here I mean What will it be all time low Well unfortunately My data Goes back to Only to 2005 So I don't know if this traded Data actually goes back to 2001 But I don't know whether it traded before that But if it didn't trade before that Then the all time low out here Would come from June of 2005 And that's down to 1135 And again we closed at 3116 So that would be your all time But let me just change screens out here For you if we're going to start doing that kind of What if a game's out here So let's just change screens To go to my black background screens Because here I've got more data that I can provide On the white background screens out here And right now what we can see Is there's a little trend line that has been drawn And this month Price is testing that level So price closing below that Really I'd say price closing below this area right here That's the low from April of 2022 That will then trigger An A to B equal CD to the downside That low is 3001 With regard to what would that price Projection be or price projections Because this will give us just the 1 to 1 It'll give us the 1 to 1.272 It'll give us the 1 to 1.618 out there So as soon as this tool comes active 2678 would be your 1 to 1 A to B equal CD This is a monthly time frame So it's a larger time frame It would take time for that to unfold 2430 is the 1 to 1.272 The 1.618 A to B equal CD expansion 2115 and then the 1 to 2 Would get us down to 1767 None of those get us down to that low That we took a look at in 2005 I'm not here saying that that is the outcome Or that's what's going to happen But that would be what I would be looking at out here The first thing, the first question needs to be answered Is price going to take out that 3100 level because that's The bottom of its bull structure profile That's where you should expect and anticipate Michael That price would find support It doesn't guarantee us that that would happen But that's where price should find support And that's what would release a ton of information to you If in fact closed it below that level And it does so I guess I really can't get much more Can't provide much more than that If I take a look at the Shanghai here On its daily time frame Today was day number 2 of consecutive moves lower This tells you that you could or should Expect and anticipate at least a 2 bar rally On this move lower Since the high of November 21st Out here we've seen 2 2 bar knee jerk reaction lows that have led To at least rallies for a day or so I'm not saying this is a bottom I'm saying to expect or anticipate a rally Out there and that's just Take a look at its natural dance steps So I wish I could provide you with more Information that's all that I've got I know you also said you wanted to take a look At the Hang saying is that correct You can look at the FXI FX And that's the Many of the high tech flyers there In that FXI That's been morbid as well Yeah, in that day the FXI Michael I'd really need to know I know you said you mentioned a few Of the instruments that are in there You'd really want to study the top 10 But to do that You're going to need to get access To the Shanghai index Because the majority of those stocks are traded On the Shanghai and that's what you really want With regard to FXI They're basically ADRs So they have lots of gaps Because they trade Yeah, you can notice that on the charts Lots of gaps But what I can't share with you though FXI it has form wave number 7 And if you get a higher low That's what's required to confirm that pattern You then could expect and anticipate A rally, in the case of FXI The rally would take you to 25-15 We don't have that confirmation just yet But if you do get a higher low You should expect a bounce We're out of time here Michael, good to talk to you Have a terrific Tuesday It's December Tigers That means festivities, decorating Spending time with friends and family And the TFNN tiger dollar holiday sale Don't miss your chance To receive a 20, 30 Or even a 40% bonus When you purchase tiger dollars Once you apply your tiger dollars to your account You will be able to use them For any TFNN product purchase Instead of your credit card Visit the front page of TFNN dot com Today to purchase your tiger dollars Don't miss your chance To receive up to a 40% bonus On your tiger dollar purchase This holiday season Every tiger who purchases tiger dollars Will also receive a complimentary TFNN tiger mug With their purchase Act fast, this sale ends December 17 Happy holiday, Tigers 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 For productive stocks and commodities Subscribe to the opening call newsletter At TFNN dot 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 Guarantee. If you're not satisfied Let us know and you'll get a full refund Within 30 days of signing up TFNN dot 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 dot 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 dot com Educating investors Look at Tesla and the US dollar index Let's start with Tesla out here The question is how far do we think This can ramp going into expiration On December the 15th What you're watching for today Is two things. One, the volume As price moves into this swing point On November 29th. That swing point had Volume of 135 million shares So far today you're up with 65 So 65, 120, 180ish Maybe about 200 So you've got volume As price pushes into that swing point Again, you'd like to see it close today Above 242.76 With more than 135 million shares If you get that, then the next price Target because that would have been a close inside Of swing point with volume should be the high Of swing point and that's up at 252.75 If you take that out Then price is going to likely target Is TD9 account breakdown level, Nicholas And that's at 265.41 If we take a look at the weekly time frame chart 252.33 Is your next key level of resistance It's kind of tying out to what we were looking at Out there and on the monthly chart Resistance stands at 250.90 So hope that helps you out with regard to Tesla For Peter, I believe it was Peter Wanted to take a look at currency pairs The US dollar, specifically And I believe his question was What's the next resistance level If the US dollar continues to move higher He's asking that question because it's trading above The top of its bearish structured daily profile This moment in time, that's at 103.76 So the next level Is where it's dealing with right now Is the bottom of the weekly profile And that is at 103.96 We're trading right now at 103.98 So there's your answer That's the next resistance level It's unfortunate, it's only Tuesday And this is a weekly chart So no idea whether that's going to hold or not out there But that is the answer to your question And I hope that that helps you out So long as we're on these black background charts A real quick peak here at that nine panel Market update, just to see if there's anything else there They're really not in the equity markets out there You've got that narrow-ranged ES mini So watch that new profile That is attempting to form, we'll know this evening Again, that's between 45.51 And 45.82 As resistance Folks, stay tuned for all the great programming I'll be back with you tomorrow on wonderful Wednesday Please have a terrific Tuesday Be safe out there