 And then Steve Rhodes what's going on? Just trying to figure out how we got to December so quickly I know and I love a way to see this folks. The first slide he has is freaking awesome, man I mean, I love this slide man It's so true and it's unbelievable that we're in December. There's no doubt I mean in it and folks come on come to Florida. It's beautiful right now It's 82 degrees out outside. It's probably like 85 or 87 where you are. Yeah, you know We've got a little bit of overcast weather today But I think once this clears out, then I think we're good for the next you know like 10 days or so I know this is right October November December January just the just great much and it had to be wonderful down in Al Marana. I think you guys had great weather, right? It was beautiful. It was absolutely every day. So let's look at the slide. That's right This is the first slide now. Look at that thing man Hey, have you ever done that? Have you ever gone out to you know done any climbing and gone out to the edge? Of a cliff and look, you know I'm actually up so in Boston. They had the quarries when we were kids We would jump off the quarries. Okay, the biggest one I ever did probably only like 60 70 feet But there was one of a hundred feet. I never did it, but people do it. Yeah, no, yeah, we would as kids That's who we used to do. Yeah Yeah, I have looked over the edge several times You know, you're like you look down there like whoo, you know make sure you make sure you don't lose your balance That's a fact man So last week it was the markets that we're looking out over the edge and they decided not to jump and by edge I'm referring to the weekly TAS market profiles and it's these green horizontal lines that represent support Those are the bottom of the weekly profile. So profile folks will have a top Which is where sellers reside a bottom which is where buyers are at in the center Which is where buyers and sellers believe there's fair value in between that range out here But here we're just trying to understand Did support hold out there and this has been the buy the dip area since the March 2020 bottom So the ES mini which is in the upper right hand corner Yes, this shows that when price closes below its profile That's that red arrow right out here that that has led to a change in trend But as we take a look at the charts from last week both for the ES mini the Russell 2000 The Dow got really close to the bottom of that profile They decided not to jump over the edge and again We just go back to last year when price did back in February of 2020 when price did close below the bottom profile That suggested a change in trend which moved to lower price and when support when I take a look at support being hit For any time frame Tom, but in this case here, we take a look at a weekly time frame I then like to look for bottom signals on the next shorter time frame So I go from weekly to daily if I was doing a daily I'd be looking at different intraday time frame charts out there. I use a 65-minute chart a 130-minute chart the reason I use those Levels or those numbers are because they are equally divisible into the six and a half hour trading day And I like my candlesticks. I'm looking at to be equal in a time out here But when we go to a weekly chart We then go to the daily to see if there's some kind of a bottom pattern here inside the s&p 500 We were looking at the ES mini the s&p 500 actually formed a Gertley buy pattern and it did it last week It did it on Wednesday. I believe and it did it when it generated this bullish piercing candle And and which which is what we can see here So for me, that's a completed a to b equal CD pattern and the question is where should price a head to well It should head to this little this little green line out there, which is at 46 38 for the s&p 500 That's what I refer to as the oscillator and change line if price able to close above that that suggests a further rally But that's where a counter trend move for the s&p 500 would would go to now that number of 46 38 It's going to change over the over the days as price moves up or down But you can use that as a basic arrange out there and if you listen to the trader's edge show each day You'll see those you'll see those number the Russell 2000 was also testing that weekly test market profile supports again We go and on a weekly basis. We go to the daily time frame chart That's what we're looking at and it completed what I referred to as a TD 9 count and a TD 9 count helps us to identify tops or bottoms in this case here this was the bottom it was confirmed and And this is another pattern that I teach the subscribers you mentioned if you subscribe to the newsletter There's a number of archive workshops and it will teach you about this pattern This is really a great pattern to learn and understand so in this case here We're looking at the Russell 2000 the cash industry it too should bounce up to its oscillator and change line Which when I generated this chart earlier than today Tom was about 22 54 Like the Russell 2000 the Dow also formed a TD 9 count bottom last Wednesday And that's what we're looking at here now the Dow Just look at the futures contract So it should be trading above the 35 169 level as we speak and a close above this So this is where a countertrend rally for the Dow should stop So if it closed back below 35 169 today or thereabouts that would have me a bit concerned If it can close above this level that is telling us that it wants to target the 35 952 area and that is using this TD 9 count system and that identifies for us where price broke down So we've got three of the four that have bottoms and that leaves the NDX 100 is the final index that needs to form a bottom pattern I took this snapshot probably about ten minutes ago and again what I'm looking for here folks Is I've got an a to b equal CD to the downside pattern you can those are by those blue diagonal lines out there But for me in order for the pattern to complete it completes when the cavalry arrives and the cavalry would be Would be defined as seeing some type of bullish reversal candle a bullish engulfing candle a piercing candle a hammer Three River Morning Star. There's a couple others that we would look at so not until that forms will We get all four indices in alignment with each other Price is holding support a level of sport That's the breakout level and again this is the TD 9 count pattern It helps us identify breakout levels and break down levels So price has pulled back to the breakout area and that can be the sign of a bottom Tom But because there's an a to b equal CD to the downside my preference is to wait for that bullish reversal candle The NASDAQ composite on the other hand the larger, you know, the NASDAQ 100 has got 108 Instruments may be inside that the NASDAQ composite at some like 3,500 instruments it completed a TD 9 count So it's telling us that the general Instruments inside the NASDAQ should suggest a rally the NASDAQ composite may be targeting 15 623 So we began our review look at the weekly profiles for upside price targets We can also look to the daily timeframe now These are the equity futures contracts and this will be important for those folks that do track the equity future contract The ES should target the 46 49 level 46 49 is the bottom of its daily profile I'm the center of its bearish structured daily profile in the center of its bearish structured weekly profile So that's going to be a real key level of resistance the end queue should target 16 134 now Don't if we get a bullish reversal candle. That's the real level look 16 134 Tom is the real key level This is a bullish structured profile and when price breaks through that countertrend rallies Typically end at that center level 16 134 that'll be the raker breakpoint as to whether this is just a countertrend rally or not So markets looked over the edge. They decided hey I'm not gonna jump just yet and now price should head higher. You gotta love a two-way market, man Listen folks, it's very easy to get Steve's newsletter come over to our website at TFN You can see right under featured content to hit that button and you are off to the racist So if you have a great one safe one great update look forward to show tomorrow. Thanks, Tom Thanks, man. Have a great one. Stay right there folks. So come right back All right tigers and tigers is that's the end of the video if you learn something or are interested in more fundamental topics to Better hone your investing skills. 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