 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the December 7th. The terrific Thursday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes. Yeah, that's who I am. What I know is that... I'm sorry, I was multitasking there and I completely lost my train of thought out there. But here's what I do know and that is that in life everything is happening for us, not to us. That's right. So when you learn that one little 2x4 shift, you can find the gift in every set of circumstances 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 am absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I am here to serve you. So feel free to pick up that phone. I can't wait to hear from you at 877-927-6648. Now, if you've got a question, but you can't call in, you can always send me an email. Send it off to steve at tfn.com. But inside the subject heading, if you'd be kind enough to put radio show question. Of course, if you're inside our tiger stand, within any in every ping we'll do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now at 7-8 in the morning. We've got a sea of green out there. In fact, the only sector inside the S&P 500 training downstairs is the health care sector. That's off about 32 cents. All the U.S. indices we track are trading the upside. Dow is up 51, S&P 32, Nasdaq 185, Brussels up 9, some is up 68, training is up 60, Gold's off 70 cents. Light's recruit is down about... Oh, I got the wrong screen up there. Thank you. I think I'm assuming that's what the ping was. Thank you for that, Al. Give me a second here. Let's get that screen situation taken care. There we go. So now you can at least see what's going on inside the markets out there. That's the XAR chart. Yeah, yeah, yeah. Sorry about that. Thank you. Not enough screens. Not enough screens out here. Okay. So, you know, it's all the U.S. indices are trading to the upside. If we take a look at who's leading the charge here, it is Domino's Pizza. 408.18, it's up $15, nearly 4%. You've got the advanced micros up 9 bucks. Almost an 8% move there. Adobe up $8 and change and Vidya up 8. Inspire Medical up 7 to the downside leading the charge. Humana off 9.50. That's 2% move to the downside. Viva Systems off 7 bucks or 4%. Eli Lilly down 1%. 6 bucks there. Argon, Inc. down 6 bucks or 13%. Alta Beauty down 5. That's about a 1% move to the downside. So, let's begin by taking a look at what's going on with the equity futures. Again here, first I'm going to get to the right tab where I want to be at. And we'll take a look at the daily equity future contracts out here. So, give me a moment. We're going to see the white background screens. Hopefully it's the correct ones here. Screen, there we go. Up or right, we should be good. Now, three of the four daily equity future contracts have topping patterns. The ESMini does not. That's the one that does not. Now, what the ESMini is doing, it's trading with inside that very narrow range profile. That profile at the bottom where support is at 4551. Resistance where price is trading into right now is at 4583 or at 4586. A close above 4583, which suggests that we go back and we retest the highs from a few days ago. That high was a trading session of December the 4th and that high out there is at 4607. Again, no topping pattern inside of the ESMini. That is not the case with the NQ. That is not the case with the Dow, which yesterday confirmed ATD9 on top. Today it completes that pattern. Price should pull back and test that oscillator and change line. The oscillator and change line is currently printed at 3597. If price tests and rejects that level, that would be the next entry point to a long position inside the Dow. If price closes below that, it likely heads down to test the top of its daily profile. You will notice that's at 35704. You should notice that the top of that profile or that profile itself formed below price. That is a bullish message. That doesn't mean price can't get back there. It just tells us that is a bullish message out there. The only way that gets unbullished really would be a close below 35281. I didn't skip over the NQ. It's got that Rosemont Dementicator top. It's got that TD9 count top. It's got price consolidating inside its profile. This is a bullish structure profile, slightly bullish in structure, but it still has resistance to that oscillator and change line. If the market is in a sell position, so to speak, that's where price should find real resistance 16039. If we take a look at the Russell 2000, yesterday it confirmed a sell the deep point pattern. How did it do that, Stevo? It did that when it generated that bearish shooting star candle. Price here should also pull back to its oscillator and change line. You'll see that screen. You'll see that the top of its newest daily profile that formed yesterday also formed below price. Just like the YM, just like the Dow, that is a bullish message. That does not mean that price won't get back there. But in this case here, we suggest that price should pull back to test the top of that profile and the oscillator and change line, do it all at the same time. And again, if price holds that level, that would be the next entry point. Still knowing that 1892.70, its TD9 count breakdown level is a key level of resistance. That's what it did yesterday and then price sold off. So that's what's going on. We take a look at the Daily Equity Future Contract. What we're going to do now is go skip over the 30-minute time frame. The reason we're going to look at the 30-minute time frame is because two of the four have topping patterns. Those two being the ESMini upper left-hand side and the NQ upper right-hand side. You'll see a TD9 count top. So far, it's taken hold. That suggests that price is either top for the day or that price should pull back to test support. Support here, just like we looked at in the Daily Time Frame, doesn't matter what time frame we look at, it's really the exact same interpretation. So now what price should do is pull back to test that oscillator change on 4569 and change out there. Maybe it gets to 4568. I don't know what the exact number is when price gets down there. But it's right in that range. If price tests and rejects that level, well, that would be the next entry point for a move today. If price closes below that level, then we're looking at in the ESMini. That is anywhere between 4550 to 50, up to 4556. That's the range. That's a four or five-point range out there with a lot of potential support. If we take a look at the NQ, it just will complete the TD9 count pattern another 17 minutes out there. But completing it just means that, that high or low can come on the bar following bar number nine. Here, the high of the pattern is on that bar. That doesn't change anything other than the threshold level. In other words, if price closes above that high, let me give you what that high is. The high for the NQ out here is at the 16.011 area. If price closes above that, then that suggests that we had higher. Now, there is additional resistance inside of the NQ and that's up at the 16.03775. So there's two numbers for you to put to work there. What price should do here with the TD9 count is pull back to its asset and change line. That's currently printed at 15915. In the case of the Dow and the Russell 2000, no topping patterns out here. You just have price consolidating inside the Dow with inside its profile. That's at 36.067 and 36.184. You do have resistance at 36.238. Again, that's a 30-minute time frame that you and I are looking at. With regard to the Russell 2000, support would be about 18.5490 or that would be level one. The 18.5170 would be the key area to watch. That is the center of its bearish structured profile for the 30-minute time frame. That's where a counter-trend move to the downside would or should find support. Steve Rhodes with TMN. A big look at crude oil, a seasonal pattern. Brent wants to look at that. A firm from Aguapi, ERX for Jimmy D, WBA for ELO and XAR for Joey D. I'd love to hear from you folks as well. Get ready, Tigers. Thursday, December 14th, Tim Ord is back to host another stellar live webinar. From 4 p.m. to 5.30 p.m. Eastern time, Tim Ord will delve into the secret science of market tops, helping you, the viewer, with how to effectively call market tops in order to increase your success Tim Ord has developed this understanding over decades of trading, and is ready to impart this knowledge on you. Visit the front page of tfnn.com today to sign up for Tim Ord's secret science of market tops. 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. 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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 Live programming hosted by a variety of professional traders during market hours The Tigers Day. Available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com Welcome back folks. So what's on your screen right now is the seasonal pattern for LightSuite Crude. I can go back 33 years and so I've gone back 33 years. Now this will be especially helpful for Sue and Bethesda Sue calls in every now and then talks about Exxon, Mobile, the Energy Sector and so forth. So Sue, there's really just a little bit of a follow-up to our conversation yesterday. We take a look at LightSuite Crude. You can see that it typically tops out. Here's the top. The first one comes right around September 13th and the second one don't know which one is higher or lower out there. That doesn't really matter. Right around October 13th. So that's the time frame that LightSuite Crude enters its unfavorable, truly unfavorable seasonal cycle. And we can see by take a look at the bars at the bottom here. This shows you the monthly action and you can see that October, November and portions of December are the worst performing months out here. So we also know that Mondays and Tuesdays aren't so good. Wednesdays, Thursdays Friday is the best for LightSuite Crude. At least it has been over the last 33 years. So the very first thing and Brent is asking is where is the seasonal pattern, the annual seasonal pattern, where does it typically find a bottom? Turns out that first bottom comes in right around the end of this week, December 10th. I believe that is Sunday out there. So is that Friday? Is that Monday? I don't know the answer to that question. It then leads up and gets us to a rally typically for about a week through the 16th. And then it pulls back for another week out there. And then that's when it really starts its favorable seasonal cycle. So Brent, the favorable seasonal cycle historically over the last 33 years has begun right around December 21st, 22nd. When our eyes shift back to the left hand side of the chart, we can pretty much see that price continues to move higher. Yes, it moves up and down, but it continues to basically move higher into that September 30th type time frame. So that's the seasonal cycle. We take a look at what's really gone on with regard to Lightspeed Crude. Turns out it was September 28th that made the most recent swing high in Lightspeed Crude. So what you and I can see here is there's no doubt at this stage of the game, Lightspeed Crude is following along the seasonal pattern. Now in a daily time frame, the only real A to B equal CD pattern that I could draw in here now. I could start with that September 28th high and move all the way down to this B point, which is the low of November 8th. But I can't use as a B point right here the low from 10 October 6th and then use the C point as the high from October 23. The reason is because that's an 86% retracement. And once you get above a 0.786 retracement, it's really not an A to B equal CD pattern. If anything maybe it's a consolidation. We can clearly see this is no consolidation out there. So the only real active A to B equal CD pattern, and you can see this one's just 35%. It's not even a 36.8% to retracement. That's close enough at least out there. We could put an even larger one, I believe, and that would be using the swing point down here from November 1st, then that would be the B point, the C point would be up here on November, I'm sorry, on November the 30th out there. Did I say November 1st to the B point? I meant November the 16th. It could be the other B point out there. But the point is that you've got this A to B equal CD to the downside. We've got in essence a seasonal pattern that's going to complete Friday or Monday of next week out there. Friday of this week, Monday of next week. Well, we look at the weekly time frame charts out here. We can also see that price is trading into a cluster. A cluster of trend line support. So it's in a pretty decent support range out there. When we look at a monthly time frame chart, that's your lower left-hand panel. What we see out here is a good old fashion consolidation. Now that consolidation is in play. The bottom of the consolidation right around 64 bucks. We've got 66.20 for an A to B equal CD target. $64 would start to violate, would really violate those trend lines out there. Is price going to get down to $64? I don't know. This is perhaps the most important chart out here. Not that they're not, not that the other three weren't important. But when we really take a look at what's going on inside the lights, we crude at this stage of the game. And although it's been crushed, let's kind of put this in perspective. If we take a look at the quarterly chart, we go from that low that was below 0, right? It was down minus 40. When we get down to here, where the lights we crude is showing, well, because of the contract that I'm using, that's okay. See, when we go from the low of March of, I'm sorry, of April of 2020 up to the high lights we crude of January of 2022, we can see that we're just simply at a 0.382 retracement. And we're at a level which happens to be the top of the quarterly profile that is held as support. So the top of the profile, which normally would be resistance, that is support, we can also see that price was above that profile for more than two consecutive quarters before it formed out there while it's been forming. So any, so if you ask me, where's the real key level of support for lights we crude? Well, because that's a bearish structured quarterly profile, it would be the centerline. So the real support level for lights we crude is between $56.46 and $66.60. I'm not saying price is going to get down there, could get down there, that's for sure. Now it's missing on the daily timeframes out here, and we'll switch panels is any kind of a bottom signal just yet. So we've got the A to B equal CD pattern. So no, that's a pattern that's in play. But when we take a look at this chart out here, and I'm going to open it up, this is the daily timeframe. You should now be seeing the white background chart. I'm going to get rid of these A to B equal CD lines. Those aren't needed because my other chart really picks that up. What we can see out here is that there's no bottoming signal whatsoever. Now we are in that wave number 4. That's letter D. Those of you that are aficionados with the Chapman wave know that once you get to letter D or the fourth wave out there, which the only way that gets confirmed is with a higher low. And that could take place today that typically the market will do something else. So let's go with that theory that the market might do something else once you get to that fourth level, not the bottom, but it's made at least a temporary bottom. Well, what should then take place is price should then move up to that oscillator and change line. That would be the real key area of resistance, or at least the first level of resistance, currently printed at $72.55. Now, if we use that theory after you get to wave number 4, you start to see some change. Well, we use the same principles here on the intraday charts. We ought to see some bottoming patterns. So do we see any bottoming patterns on a 10-minute chart? The answer is no. On a 15-minute chart, we are at level number 8. That says that we could see some type of bottom by 12 noon out there on that time frame. The 30-minute chart you're below profile, the oscillator and change on that says I want to go tag 6928. Do we have a bottom on the 60-minute chart? The answer is we do. The price is pulling back to support. Now that support level is the bottom of its profile. The bottom of its profile is at 6939 out there. So those are the levels to be watching. Do we have any of those intraday bottoms inside of the chart? We don't at this stage of the game, but stay tuned. We may get those. So Brent, I hope that helps you out. Sue, I hope that helps you out as well. And hope that helps everybody also. Let's go to our next request. Now, this came in yesterday and I know that I responded, but I think it was all after the show. So let's go ahead to it. If I did it during the show, my apology for being so forgetful, I suppose. But that is the first take. Look at this chart. The AFRM is the ticker symbol. What do we see out here? We take a look at this chart. What did this do yesterday? You're exactly right. What this did was really generated two different patterns. The first pattern was a TD-9 count top. It completed that pattern yesterday. There's a new profile, by the way, that's formed. And that's today. So there's that new piece of information that you and I didn't have yesterday. And that is that you now have a new one on P-3099 28. The center, which is basically where we're trading right now is at $37.97. So $37.97. And the bottom is at $31.44. I said $37.97 twice. Now I've said it three times. Big up, it price close below $37.27. We're certainly going to see price get back to $35.67. That's its daily kokos тот in change lines. And below that we would see $31.44. Steve Rhodes with TF&M, we come back this break, we'll finish looking at a firm. Go to ERX, W-B-A-X-A-R-A-G-E-N, and we're gonna take a look at the yen for Peter and the Tigers. 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. 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At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Excluding the charts here for a firm AFRM holdings out there, weekly chart looks wonderful. The only exception to that, but Guppy would be if by tomorrow's end, end of the session out there, it were to generate a bearish reversal candle. And there's a possibility it could generate a bearish shooting star, just like the daily timeframe did yesterday out there. So just keep an eye on that for tomorrow. If that were to occur, that would tell us that we could be looking at a deeper pullback than the ones that we just took a look at. But let's cross that bridge when we get to it. Right now, conditions remain bullish. That's the same thing for the monthly timeframe chart. So I'd expect that price would pull back, test that oscillator and change line. That could be the next entry into it. But the concern there is that if price closed below the center of that bearish structure, daily profile, boy, oftentimes a high percentage of times, price will get down to test the support level and that'd be at 3,144. So one step at a time out there on a 30 minute timeframe, I don't see any kind of a bottom signal as we speak just yet. Although you actually, you could get in this next 30 minutes. So we've got 31 minutes. We've got 29 minutes left. Let me just update this. So this is, no, I take that back. There's no bottom signal at all out here. So what I'd be watching for is from a rally standpoint, your real resistance level on a 30 minute timeframe is 39, 16. So my guppy, I know I gave you some of that information yesterday, but you got that new profile today and that's going to be most helpful to you in managing that TD9 count top. But longer term, a firm still looks pretty darn good. Let's go take a look at the request from Jimmy D inside the Tiger's Den. That's a take look at the ERX. Jimmy, the ERX, which is the energy sector, we know that it's directly correlated to Lightspeed Crude. So we just did a, I thought a pretty decent analysis of Crude and what to be looking for in the seasonal patterns. So this is likely to head lower, should head lower through tomorrow, maybe Monday. Then if the seasonal pattern of Lightspeed Crude holds, we should see a rally for about a week. And then we should see at least one more thump to the downside. Now, when we look at the charts out here, we don't see any kind of bottoming patterns. Why take that back? The one potential bottoming signal here is a wave number seven that I've got, but that requires a higher low. You could actually get that today. So that's a possibility, but really with regard to the ERX, you've got to get Lightspeed Crude moving in the same direction. So the weekly chart, prices, testing, breakout level of support. A close below 53.82 would suggest we get down to test the swing point low, which could be from June, and that would be maybe in the 48.39 level. Another swing point low would be down at 47.96. So that would basically be the range that we'd be looking for. The monthly chart's not really gonna help you or I very much out there. So that's what I see, Jimmy, when we take a look at ERX, again, keep your eyes glued to that Lightspeed Crude set of charts out there. The next request came in from ELO, and you bet, and ELO wants to take a look at the Walgreens boots. WBA is a ticker symbol out there. So let's pull that up. And what do we know about it? Beautiful looking weekly chart. Last week, it confirmed a rogement indicator bottom. It did that when it generated that bullish hammer candle. It had confirmed another rogement indicator bottom that never got violated, and that was back on the week of November 3rd. What we can say about Walgreens boots is it is absolutely trying to form a bottom. Now, in the case of its weekly chart, what you'd be looking for here, ELO, is a close above 2235. Why? Because that's the center of its bullish structured weekly profile. And a price close above that, just like we discussed in some of the earlier things that we were looking at, price should be able to make its run up to the next level of resistance. That's the top of its weekly profile. And so, Stevie would say 2411, if we get a close above 2235 come tomorrow. The monthly chart looks Moibueno as well. Why? Because it has a TD Nike out bottom. And this month you could generate a rogement indicator bottom as well. Now, the key level of resistance here is 2392. A price can close above 2392. Well, really what we'd say is, 2392 is so close to 2411. Let's just make it that 2411 number. And a price can close above 2411. Certainly on a weekly basis and on a monthly basis, then that would bode well. That would suggest that over time, Walgreens boots wants to make its move up to the 34 level. For one step at a time, this is going to be day number two of consecutive moves higher out here for Walgreens. If we take a look at its dance steps, it's typically found a two day consecutive rally to be something that's difficult to overcome. So if I want to keep that in mind out there yellow, if you were looking to add to a position, Steve, we would say, well, today is not the day to do it. It might be when you get a two bar low. And we really haven't had one that's led to a bullish move at this stage of the game, but do realize that, you know, this is struggled after two consecutive days of rallying. So that would just put a high probability that tomorrow will be something different out there. Now, I don't have a signal on a 30 minute timeframe to tell you that that's what's going to unfold. You can see here, this is still very bullish. We've got A to B equal CD pattern. A bearish reversal candle for a 30 minute bar would confirm a sell the D point pattern. So I hope that that helps you out. Well, lastly, with regard to Walgreens boots, I did see data in my seasonal pattern out there in the seasonal pattern. So as the Walgreens boots typically moves higher, this is over the last 24 years into about the December 12th. That's what next Monday, Tuesday, Wednesday, something like that. And that makes a move lower into the, for a weekend of December 19th out there. So we yellow, thanks so much for the request. Hope that helps you out. Let's go take a look at XAR for Joey D. Or is it, yeah, Joe D, not Joey D. Unless I typed it in wrong. And so let's go take an XAR. What is XAR? Excellent question. It's what we're going to go take a look at. And XAR is trading at about 128 bucks or so. That is the Aerospace and Defense ETF out here. Now, there's a new profile that formed a couple of days ago. So the very first thing, Joe, is that your resistance levels at 130.69. Your support area, and it's a bullet-structured support zone, is between 125.85, 126.39. Do we have any kind of a topping pattern? The answer is we do not. The price, if it does close below 129.27, that's its oscillator and change line. That's also not just its oscillator and change line. If it closes below that, odd's favor, price makes a move down to the 126.39-ish area out there. On a weekly basis, you could get a TD9 count top that confirms between this week and the next two. This will be bar number eight this week. The monthly chart looks very good out there. The monthly chart is suggesting that it wants to make a move towards its high. I don't know if that's the all-time high. I'm not pulling it back that far, but that's the high from June of 2021. Now price right now is tested that level on a monthly basis. When I say test that level, the low of that swing point is 129.61. It's already tested that. It's rejected that, but it's so early in the month we can't really say what that means. But we can say as we know that the weekly chart is getting ready to set up potentially a TD9 count top. We really won't know that till next week, but it's got all the makings of that. And the daily timeframe, we've got what looks like just a consolidation with inside its profile. So Joe, I hope that that helps you out with regard to the aerospace defense ETF out there. And thanks so much for taking the time to write in. Dan wants to take a look at AGEN. Let's see, do we have that up on our screen out here? I think the answer is we do not. Why didn't I do it? Good question, not on purpose, but I just didn't have it put in here. But we're gonna get those screens populated. It's gonna take just a few moments because of some of the things that I've got open on my system out there. But this is AGENUS. A-G-E-N-U-S. AGENUS? AGENUS? Let's just go out AGEN out there. And what do we know about AGEN? Well, AGEN actually, I'm gonna switch over to my other charts here so you can quickly see that. And hopefully I'll remember to move back when we're going to a breaker. I think I'll remember to move back. What's on the other charts out here, let's just open this up. You can see the descending trend lines. So if you're wondering where's resistance stand inside of the AGN, well, that's the top of its profile. And that's at 83 cents. And that's at its descending trend line. So you wrote to TFNN, right? Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals. What is behind the Tiger Forex Report? For all the details and to start your 30-day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN, educating investors. 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 Pesavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade C-H-A-U or C-H-A-D, directions daily CSI 300 China A share bull and bear ETFs. China A shares in either direction. Visit DirectionInvestments.com today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Folks, let me just update you a new development when we take a look at the 30 minute equity future contracts out there. Again, the ES and the NQ both have TD9 count tops that are in place here. There's a new profile that formed inside the ES mini and that's why I wanted to bring it to your attention. And that new profile's got resistance at 4588. That's not really the important thing. The important thing is that it's a bullish structured profile and where price pulled back to was the bullish structured by zone. And that's between 4565 and 4572. So price has made its way back to the nine count patterns, any kind of topping pattern. And this is why it's so important to understand support or resistance. All that a topping pattern really says is I want to get back to test support. It's when it breaks through support levels it tells you something else that's going on in the marketplace. Right now inside the ES mini that hasn't happened. Now the ES mini needs a close above. I can tell you what that level is. It needs a close above the following bar number nine and negate the signal. And that would be 4587.25. But there's also resistance at 4593. That's its TD9 count breakdown level. So that's a real key level to watch should price exceed this TD9 count top. One reason that could take place is because the NQ is right now trying to take out its TD9 count top. It needs to take it out before it gives us any kind of signal. Well, this is also forming a new profile just formed just as we came on from this break here. This has resistance. So let's see what kind of profile this is. This has got resistance up. Gotta move this over. Resist is at 16011. The center's at 15977. So that's a bare structured 30 minute profile. We had a bowler structured 30 minute profile on the ES. Bare structured 30 minute profile on the NQ. That tells us that price really should be able to take out that TD9 count top. But a close above the top of that profile. And that again is at the 16011 area. Well, that's what it will do. And if it takes that out, that tells us about a strong upward momentum move to take us to where? Well, it's where it has that last top that roads meant to mitigate our top again from 10 o'clock in the morning on the sixth. That was yesterday. And that's up at the 16037.75 level. That's the real key area that the NQ would need to close above to suggest that we've got something else that's going on today. But right now you've just got resistance being tested. Pay attention to those profile levels out there. And now let's move back to take a look at AGEN from Dan inside the Tigers then. So Dan, we saw that trend line resistance. We saw the top of its daily profile. Now let's go check on the chart and see if there's anything else out here for you and I to glean. The first thing that we can glean out here is you've got a wave seven bottom and a roads meant to mitigate our bottom for its daily timeframe. We can see that prices trading with inside that profile. We looked at again. This shows resistance 84 support at 75. We take a look at that weekly timeframe chart. Last week it confirmed a roads meant to mitigate our bottom two weeks before that was a TD nine count bottom. Price is trading with inside its profiles. The resistance level here is at 94 cents. So a close above 84 should get you up to 94. If you can close above 94, which is the top of that weekly profile, price should be able to make its way up towards 111. 111 is the monthly oscillator and change line. Agen has rallied for two consecutive days. I'm sorry, it pulled back for two consecutive trading sessions out there. And so coming off of the bottom here, we saw move higher for two days and a pullback for a couple of days out here. We've got another one. So this says that we probably should rally. Agen should rally for the next couple of days out there. What you're looking for is more sustained move. Something above four consecutive trading sessions to tell you off this bottom that you likely have a change in trend for it. But right now we use the patterns that are in play here. We use the profile levels because you and I know where the buyers and sellers are lined up and that sort of gives you and I an uncompetitive advantage out there. So hope that helps you out. Thanks much for taking the time to write in. Now it's Peter's turn. And Peter wants to take a look at the yen. So let's get those charts up on our screen out here. Really wants to take a look at currencies, but the yen is the one that's having the biggest move. If you're asking yourself, Steve, why is the dollar getting so weak today? That's because of the move inside of the Japanese yen. So out here what you'll see is you will see an A to B equals CD pattern to the downside. Obviously we've exceeded the one to one. Today is going to become bar number eight of the TD nine count. That says Peter that you could get a TD nine count bottom between today and Monday. Now typically, markets don't end on wide-ranging bars. And most certainly that's what we have today. So odds favor that the TD nine count bottom doesn't take place today on bar number eight, but perhaps it does so tomorrow or on Monday of next week out there. That's what's going on. We take a look at the Japanese yen on the daily timeframe. On the monthly timeframe, Peter, this is telling you and I that price wants to go target that 14151 level. That on a weekly basis is its breakout area. If we take a look at the Euro, the Euro formed a wave number seven top out here. What did the Euro do after that? It pulled all the way back to test support. Now it's the weekly support of its oxygen change line. If that level fails and by failing me to close below 1.078, that would be bad news. Or it would be the news would suggest a further retracement out there. And on the Euro, the daily timeframe isn't suggesting anything otherwise. Although it is moving a bit higher today, but we've got no bottoming pattern on the daily. We do have a potential bottoming pattern on the weekly, so we want to keep track of the daily. Now the first signal that that weekly bottom might be kicking in, I would say it would have to be a close above yesterday's high. That would at least be the first potential signal. Because we've traded below yesterday's low, it wouldn't be the most gigantic confirming signal, but it would be a decent one. In the case of the Great British Pound, if we take a look at it, it's trading below its oxygen change line. This loss is momentum for its daily timeframe out there, but that's all that I've got. It's level of support, or next level of support would be 1.247. That's its weekly oscillator and change line. Now we're not gonna stop there for Peter, because I think Peter has even more questions. The reason he was asking about the yen was because he and others are trying to figure out what impact does this have on the markets. So to do that, we're gonna change screens out here. We're gonna go to the black background screens. And while I'm doing that, this is not we're gonna look at, I'm actually going to go ahead and shut down the currency charts, just so I can free up some space out there. But what we're gonna do here, Peter, is try to answer that question. And I'm just assuming here, so I may make you know what out of me out there by that assumption, but I'm assuming you were asking about that so you could try to understand how is that impacting the markets? Let's say gold specifically. Well, here's the chart that helps us answer that question. The top portion of this chart is the gold, it continues contract for gold. The center portion is that US dollar, Japanese yen. And the bottom portion measures the correlation, the directional correlation between those two instruments. Bars that are below zero tell us about an inverse relationship. In other words, a move lower in the end should result in a move higher inside of the gold. Now this is using a, let me just make sure, I think this is a five day average, could be three, but let me just take a quick peek here. And the answer is, Stevie is using a five day average here. Now if I switch that to a three day average, I gotta close it. You'll see that it still has a pretty decent, pretty decent inverse relationship out here, Peter. But you'd say that starting from June of 2023 out here, you know, it's a little bit better than a coin toss. And you and I, we don't really like those coin tosses out here. All right, so that's what it takes, that's what we're looking at. We take a look at gold. Well, what about, and I thought I saw somebody inside the Tiger's Den, something ran across my screen. I thought that was thinking, well, what impact does this have an impact on equity markets out there as an example? Well, let's go find out. Let's put it in here. Let's put in the S&P 500, right? So let's put in the SPX out here before we go to break. Let's see if this thing can populate and give us the answer. If not, we'll do that when we get back from this break out there. And the answer is, come on, we got about maybe five, six, seven, eight, nine seconds. Looks like we're gonna have to wait, nope. So there's your three minute. Your three minute says it's really a coin toss to say that the move lower than Japanese yen is gonna impact U.S. equities or at least the S&P. Get ready Tigers, Thursday, December 14th, Tim Ord is back to host another stellar live webinar. From 4 p.m. to 5.30 p.m. Eastern time, Tim Ord will delve into the secret science of market tops, helping you, the viewer, with how to effectively call market tops in order to increase your success in trading. Tim Ord has developed this understanding over decades of trading and is ready to impart this knowledge on you. Visit the front page of tfnn.com today to sign up for Tim Ord's secret science of market tops. T-F-N-N Educating Investors. Ho, ho, ho! It's December, Tigers. That means festivities, decorating, spending time with friends and family, and the T-F-N-N 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 T-F-N-N 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 T-F-N-N Tiger Mug with their purchase. Act fast, this sale ends December 17th. Happy holiday, Tigers. T-F-N-N Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com Educating Investors. Well, let's finish out the show. I think we've been through all of the requests out there. Hope I have not missed anything inside the tiger's den. If I have, please type it in right away and we'll try to get that done. But we'll take a look at the NQ out here. The NQ, which has led to markets lower, so to speak. Really, we're just in this little consolidation out here. Got the ESMini, by the way. It is trading above the top of its daily profile. That's at that 45.82 level or 45.87. The NQ looks like it wants to go target the top of its daily profile. The top of this profile is at 16.102. We can see here on the 30-minute chart that's one that we were monitoring and there's another five minutes, four and a half minutes left in the trading session. Right now, it's showing us that the TD9 account would get negated. Again, you've got up here at that 16.037, 038 level. That's a area of resistance. If we take a look at the 60-minute timeframe chart, it's gonna complete a TD9 account top at 12 noon out there. So that suggests that price could pull back. Now, that could be a biggie because if price does pull back, its objective would be 15,889 out there. Of course, you're gonna wanna follow along with the 30-minute timeframe chart and its profile levels and so on and so forth out there. But that's the next topping signal that's DVC's when I take a look at intraday charts out there. Also at the 16.037 level, is a TD9 account breakdown resistance area. That's coming from the 120-minute timeframe chart. So those of you that are looking to go short, it's really between about the, I'd say that 16.037 could be nicer, really right at about 12 noon give or take. I'd go with that 16.037 level. Now, price closes above that. Well, that's what's gonna take us up to the top of that daily profile at 16.102. Folks, thanks so much for joining me. Have a terrific Thursday, be safe out there. I'll look forward to speaking with you again soon and that soon will be tomorrow, 11 a.m. sharp. Take care, folks.