 of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Good morning, folks. Welcome to the September 17th. The fantastic Friday edition of today's Trader's 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. I hope everyone out there is having a great day. Let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, 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 the bulls and bears, what those buyers and sellers are communicating to you and I just passed. Typically, it's one o'clock in the afternoon, but right now it's seven minutes after eight. So I want you to know I'm absolutely grateful for your presence here, but more important than that. And that's if you're listening in between eight and nine. I'm here to serve you during this next 16 minutes. So you can give us a call at 877-927-6 648. If you can't call in, you can always send me an email, send it to Steve at TFNN.com and inside that subject heading. Please put radio show question in our Tigers Den, any ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to LUS Show. Right now we've got all the U.S. into equity futures contracts trading a bit lower. The Dow's down 47, NASDAQ 21, S&P 7, Amon is down four. Now we're going to switch right from here because I want to show you what's going on intraday. This may be applicable to you at one o'clock in the afternoon, at least with regard to where the markets are headed to. So this morning at about seven or so, 7.30? Yeah, about 7.30 or so. I was able to post in the den that each of the four 30-minute equity futures contracts, that's what you're seeing up on. Oh, you're not seeing that. I got the daily. Give me a moment. Sorry about that. Steve, you're getting used to this. So now you should see the 30-minute charts for the ES, the NQ, the Dow, and the Russell 2000. And each of them form TD-9 count bottoms. Now the NQ formed, it's just a tad early, about a half an hour earlier than the ES, the Dow, and the Russell 2000. Nonetheless, it doesn't matter. We have TD-9 count bottoms. So we're doing this live. That's just a perfect thing. Was able to send out that message to the folks in the den, those folks that wanted to take a short-term trade to the upside, or maybe more than a short-term trade to the upside, or if they were short, at least they could anticipate this bounce that was likely to form because of the consistency here with four, each of the equity futures contracts generating those bottom signals. Now, the first move here, let's take a look at the ES mini. So it's also formed a brand new profile. So we know that support is at 44.50, and resistance appears to be at 44.59. The top of the profile looks all the centers at 44.51. So price is going to first take on, so when you get this bottom or top, you'll see this as we take a look at church today. What price then does is should go test the first level of support or resistance, depending on whether it's a trade to the upside or the downside. In this case, you're a trade to the upside. The first level of resistance is going to be that oscillator and change line. Now, we've got to take into account the TAS profiles as well, but right now in the ES, it's the oscillator and change line, which is red, very likely you'd at least see a spike to 44.59. If price closed above 44.59, the OUO, by the way, is at 44.58. If price closed above 44.59, you should expect an anticipated rally up to the 44.72.50 level. Now, price closed above 44.72.50. So this is applicable, most certainly, at 1.10 in the afternoon out here. Price is trading above that level. That tells us about a change in trend, and then that takes us back to the daily chart. I'll do that for you, but I got to change screens, right? So the price target then, a price target, there's a couple that I'll provide to you, would be 44.99. Now, I believe that our polar bear, and I wish he was online here listening, I think his, he was the options market was targeting about 4500 or so in the ES mini. So be curious to see if that is still the case. And if that's the case, folks, then you're going to start to see these levels fail. 44.59 would be first, and then 44.72. And so if that's taken place, then I would say that the options tool that our polar bear, David White uses, would be telling us, okay, expect they move to that 4500. Well, that gets us to 44.99, which is the oscillator and change line. I know you're not seeing that chart again. It's too hard to flip back and forth. Yeah, let's go through the NQ. So I'll do this intraday for you so you know what to take a look at. So you can see the form tonight, form a nice TD9. And if you don't know what the TD9 count pattern is, just subscribe to Mastering Probability, my daily newsletter. You can do it for 29 days. You're going to get eight, nine hours worth of great tools and workshops, tools that I share here, and you'll figure out how to apply those to your trading. You want to be able to apply these to your trading folks. So this is a very powerful TD9 count bottom inside the NQ. So you really want to watch the 15, 464, 25 level all day. If price goes to the downside out here, if price is going to go to the downside, price is going to have to take that level out. Likewise, price is right now running up into the resistance level, right? The top of its profile, the green oscillator and change line, that's priced at $15,493. If price closes above that, you can expect and anticipate it moving to $15,527. That's the TD9 breakdown level. Again, a close above that, that says more rally to come. The Dow Equity Future Contract, right now you can see that it, that's the lower left. You can see that it is testing the TD, the oscillator and change line, which is red, top of its profile $34,606. That's the first level you'd be taking a look at. If at $830, we see prices closed above $34,606, then the Dow should target $34,710. And if the Dow is able to close above $34,710, a further rally, further rally to where? In the Dow, you're looking at $34,867. In the NQ, you're looking at $15,625. In the Russell 2000, it's $22,366. Now $22,330 are the TD9 breakdown levels. So if price closes above that, you've got to focus on the daily timeframe, oscillator and change line. Let me just change the screens here for a moment. We'll go over to the daily timeframe and you'll see this and you'll put it, hopefully put this all together. But in the, we're looking at the bottom right hand chart out there and that's the Russell 2000, the daily timeframe. You can see how that oscillator and change line. The reason I created this was because I needed to understand when retracements or bounces were just counter trend rallies and that's what this green oscillator and change line tells us. So if the Russell 2000 equity future contract today at the end of the day, close above $22,390, that is going to tell us about more rally to come. So you can see the oscillator and change line levels out here for the daily timeframe. Let's go to Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you today? Oh, good morning, Steve. How are you? I am doing well. You are up nice and early. Folks, Brent is in the, I didn't mention it. He is in Martinez, California. So it's 514 in the morning. We love that dedication totally. So Brent, thanks for tuning in. And you wanted to chat about the Dow, I believe. It's really just about the market, all the equity future contracts. And my observation is going back to, there's been some great day trading opportunities, I guess is my main point. Going back to last Thursday and Friday, it's been interesting. It's been kind of the opposite of what the futures are showing as the market opens. Brent, can you do me a favor? Yeah, yeah, I wasn't paying attention to the clock. So I'll hold that thought, if you will. And we'll begin in just a few minutes. Folks, stay tuned. Brent and I will be coming back in about three, four, five minutes. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322, or email us at Tiger at TFNN.com. That's 727-329-8322. Call us today. 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. Welcome back, folks. We're on the line with Brent in Martinez, California. It's 8.18 in the morning, by the way. We're recording this show earlier than normal. It's being replayed at 1.18. If you're listening in at 1.18, thanks so much for doing that. We'll make this as pertinent as we can for that listening hour as well. Brent, you were about to talk about the equity futures contracts out here and some observations that you've developed. Would you be kind of enough to go ahead and restart that and share that with us? Yeah, no problem. It just seemed like it started most noticeably on last Thursday and Friday work. It looked like the market was going to show it was going to be up. The futures are up. But then by the end of the day, it had gone negative. So then this Wednesday and Thursday just the opposite world was down. And by the end of the day, it was up. So there's just been some good day trading opportunities. If you look at the YM shows, it's the best that we're in this consolidation now where you have. It's a decent size range. If you have an opportunity, and you kind of touched on it when you started the show that we put that in that TD9 count, I guess, at the bottom. And that would be the trade I would be making today. If things looked more negative, I'd be buying calls. So with regard to the Dow, and I'm going to put up the Dow charts on the screen right now. And the very right hand panel on the upper right here, I'll just expand it out, is the daily timeframe for the Dow. Let me just pull this back a tad. So the interesting thing about the Dow is that it formed two days ago, bar number eight, which after yesterday's has held up. So it has an actual, not only does the Dow equity future contract have a TD9 count bottom, but on a daily basis, the Dow cash indices, not the futures contract folks are just the cash indices. So I don't have an agreement here. I prefer to have an agreement, a unanimous decision. But at this stage here, what we should be anticipating today is that the Dow will go ahead and try to target the 35016 level. 35016 is its oscillator and change line, which is green. And so if the Dow is able to close above that, then folks, what it would be signaling to us is a move up to its TD9 breakdown level, which is at the 35, 475 area. So this would be an area at 1.20 in the afternoon. I'd be looking to see is the Dow trading above or below 35016. Now that number is going to change just a tad. So it might be 20 or it might be 21 or along those lines, but the price is trading above that area. It's telling us that it wants to continue to move further. So that's one thing that I would share with you. And typically, folks, when we get a bottom signal, such as a TD9 count out there, what I like to do is look at the intraday time frame. So for cash indices out here, I break the six and a half hour day into equal bars. That way we're looking at apples versus apples. And here, so I use there's 295 minute bars in a day. There's 390 minutes in a trading cash indices trading. So we use 195, 130, 65, 30. And what I like to look for here is some type of conflict. If there's going to be a change in trend or bottom that's going to form, we're going to see that or we should see that take place in the intraday charts as well. Guess what? The 30 minute chart has a TD9 count bottom, erosement, demindicator bottom. The 65 minutes got a erosement, demindicator bottom, as does the 130 out here. So everything is pointing to at least some type of rally today, whether it holds or not, you know, price should target that 35016 level. So Brent, just sharing that information with you. Any questions about these charts? No, that's great. That's kind of my thinking that there's a potential to, you know, take some calls, you know, the weekly ones, you know, of course, very inexpensive on a Friday. So in this case, I guess it's the monthly is what happens to be on that part of the calendar. But I was going to ask you and I appreciate this very much. And if you, so out of these different between the YM, the NASDAQ, the S&P and the Dow, do you think in the Dow, that's the best opportunity or not necessarily? You know, so that's a great question. The only way I can, what I can, so the question is, is there a clear winner that should take the markets higher? Would the Dow be the one that would have the largest gain, let's say? I would leave the Russell 2000, which of course, we know that that thing can be on fire to the upside. But because price is below its daily profile. So I'm going to say, Brent, we're going to just take the Russell 2000, put that off to the side, at least in the case of the ES, the NQ and the Dow, they're at least trading with inside their daily profiles. So we're at $44.60 right now inside the ES and $44.82 is the center of its profile. That becomes a price target. So you kind of have to do, you know, if price get above that, then you could make a run up to $45.28. The NQ, the NQ's resistance level is $15.568. It's really the NQ where we get a determination of whether this is just a countertrend rally. So I'm going to expand this chart up on the screen. And the reason that I say that, Brent, is because in the daily profile, which was bullish in structure, we had a close below it on September the 10th, the following trading session on the 13th, the following trading session on the 14th. So we had more than two bars close below that level. And it's a bullish structured profile. My experience is that countertrend rallies will end at either the bottom of the box or really more likely the center of that bullish structured profile. So that's at $15.568. And the reason I'm spending some time on this, folks, with Brent and with you is because at $124 in the afternoon, if price is trading above the NQ, that is $15.568, it should make its way up to the $15.701 level out there. So the NQ came down, tested and rejected the top of its weekly profile. So that looks like a pretty decent trade too. And the Dow, its resistance level is going to be $34.471. That is the Dow Equity Future Contract. Brent, I don't know that I can clearly, there have been times where Brent's asked that same question of the four, which one do you think has the best opportunity? And I don't have a clear conviction and reasons when I take a look at these stock charts here to be able to pick one versus the other. I would say though, yeah, the problem with the NQ, I'd say, hey, this is great. It's straight inside a bullish structured profile. But I know that that $15.568 level Brent, that could be where the market turns back down. If it does, it wouldn't surprise me. But if price closed above that, then you're back up to the top of the profile, $15.701. Is that, am I confusing you? No, no, I appreciate it. You're being honest about what the parameters are and what the potential resistance areas are going to be. Yeah. I mean, the Dow surely is- If you get a chance, then this is great. I really appreciate it. But if you have a chance before this ends here for you to talk about gold, I know that you've talked about a consolidation. And I thought the lower end of that was around 1770. And we're below that now. So if you get a chance to talk about that, I appreciate it. Let's do this together right now. Because you're asking everybody else, and of course I would cover gold during the show today. But here's what we take a look at gold. On the left-hand side, you've got the daily chart out here. And it has approaches. Reach the 1 to 1a to be equal CD. If we had a bullish reversal candle today, but you could, then what you've got is a Gertlie buy pattern. Until we get a bullish reversal candle, we won't have a confirmed bottom. Another level to be watching today inside of gold is going to be 1772.60. That's the bottom of its bullish structured weekly profile. So Brent, if gold's going to bottom, we'd really like to see a close above that 1772.60 level. But I'll spend some more time on it at some point in time, certainly, during the show. And thank you so much for getting up early and joining us. Much appreciated and have a great weekend. It's always a pleasure, Steve. Thanks so much for your help and have a great weekend. Take care. You bet. You bet. That was Brent in Martinez, California. We'll be right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. 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Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. Welcome, my back folks. So, I'm Mike King of Tiger Stand along with Brent. Wanted to take a look at the metals area. And so we'll continue taking a look at gold. Again, the key level, and we've got two different profile levels. If you're looking at my chart up here, which you should on the weekly chart, you'll see it's at about the 1761 area is at the bottom of its profile. I'm sorry, it is 1758.50, which is different than the 1772 area. Hold on a minute here. No, that's not right. It's 1758.50. And the other screen that I was showing you, so we had gold roll over into the December contract I believe was last week. So the other screen that I was sharing with you is my synthetic version of the contract, and it allows me to stitch together all the futures. And so sometimes we have some different profile levels. And they're both accurate. So at this stage here, we're going to use the profile level on my Ninja Trader charts out here. So as long as gold can close above the bottom of that profile, 1758.50 on a weekly basis, then support will have held. And that's an important thing with regard to the pushdown from yesterday. And with gold already here on a weekly basis, it has a Gartley buy pattern. It has a buy the D point. You see that nice big hammer candle out there. And on the daily timeframe, it needs a bullish reversal candle. And we just don't have one as we speak at this stage out here. But at day's end, perhaps that's what we get. If we look at short-term timeframe charts, where are levels to be watching? Mike, on a 30-minute timeframe, you're looking at 1767. The 60-minute is 1767. 1767 on the 120. 1767 on the 240 because it's a red oscillator and change line. And about the 1768 area on the, so we'll make it the more difficult one. If 1769.40, if gold can close above 1769, or it's trading above 1769.40, especially at 132 in the afternoon, but that would be signaling to us a further rally. Now, as far as rally points for gold, if this unfolds, and what you want to the bottom, you want to watch 1753.70. If we see a close below that, that says we're at least headed to retest yesterday's lows, if not lower out there. But upside targets, if price can take out those areas, 1787, 1808, 1797, those become the upward price targets. Now some new profiles are going to form between now at 832 and 132 in the afternoon, but I don't have those available. So we'll still have to use these. These targets that I'm providing to you are the TD9 breakdown levels out there. So that's what's going on. We take a look at gold. If we take a look at silver out here, just to cover the metals, if we look at the silver chart, so what silver did yesterday, it's moved lower. It never negated, and there's the daily chart. I'll just simply explain this out. It never negated its roads, momentum indicator bottom. So back here, you've got the, and each of my patterns are confirmed with either bullish or bearish reversal candles. While the case of a bullish engulfing candle, the candles added in gulfs, the lowest low becomes the support level. Well, so in this case here for silver, that low was 2288. Hold on. The low is 2288. Hey, not bad for a memory out there. Now, price, we're trading below that right now, and the price closes below that level. Support will have failed. That pattern will have failed, and then we've got the A to B equal CD to the downside, which takes us into the 22, you know, 40-ish area. Maybe it's more than that. So silver so far on a daily base has actually held up pretty well yesterday because price did not bust through support out there. Mike also wanted to look at the GDX. So in order, so give me a moment here to, I know I can pull that over. So give me a moment here. You're going to see a blank screen for a minute while I try to get to this radio charts. There we go and pull over the GDX. So as we pull over the GDX, Mike, you can see price is moving lower, doing less relative energy out here. Just like silver yesterday held its road commitment indicator bottom, so too has the GDX. This has a three-river morning star. Price would need to close below. The GDX closes below 3069. Yesterday's closed with 3092. Then the GDX has problems, but at this stage here yesterday was a test with volume of that swing point. But that road commitment indicator bottom still held out here. And you can see the price is pretty much consolidating with inside its daily profile, which is really a similar setup to silver to go take a look at the silver daily profile levels out there. So nothing else that I can share with you. Of course, if you get a bullish reversal candle today, then you'd have two road commitment indicator bottom signals out there. And we're going to, we've got a request that came in. So we're going to stick with the metals market. This is coming in from Dan F. And Dan is in New York City. Dan, thanks so much for joining us this morning. And Dan wants to take a look at this symbol here. This is A-N-G-P-Y. I don't know what the name of it is. I'd have to go look at them. Well, let me go look it up here. A-N-G-P-Y. And that is going to be Anglo-American Platinum. So Dan writes in, looking for an entry on this Platinum mining company, Tom talked about this company on his show this week. Dan from New York City. So Dan, you've got price moving lower, doing less relative energy. That triggers this road commitment indicator signal. Those are these black diagonal lines. So if you were to get a bullish reversal candle today, that is your confirmation of a bottom. Resistance levels in this equity right now are going to be 1661. That's a red oscillator and change line. You definitely want to see price close above that. Does it have to be today? No, but you certainly want to see price close above that. If it did close above it today, that would be a plus. The next resistance, if price can clear that level, is going to be 1732. Above that, 1786. Above that, 1841. And if price can get above that, you're looking to move to 2186. So I don't know how A-N-G-P-Y tracks Platinum. But you really want to do keep an eye on this equity. Why? Great question. So here is the answer. I'm going to put one chart over another. This is the Platinum chart. Platinum is still the October contract that is trading out here. And if we take a look at October contract on a daily basis, this formed a road commitment indicator, a wave number seven bottom out here, and price closed above its, as trading right now above its oscillator and change line. So if Platinum itself, the metal can close above 943.70 today, that's going to be a signal that we shouldn't see price make its way up to 1026.10. So again, back so, so you've got confirmation again. I don't know the correlation. You might want to go check that out, Dan. I'm assuming that there's a pretty good correlation. But look, the Platinum contract formed a bottom two days ago. And we cannot say the same. Well, actually we can. This formed a complete arrangement of indicator bottom pattern. Not yesterday, but the day before it had that nice little gap to the upside. But see, this is where that oscillator and change line, Dan, is so important. You can see that that's where price ran into resistance. And then price fell back yesterday. And so it's really going to be a close. But you know, here's where that you do wait for confirmation and pay the higher price. Or do you take the trade now? And I can't answer that for you. That's a personal decision you have to make. All I can share with you is key levels of support or resistance, the bottom or topping patterns that are in play out here. And now what we can do, well, we can do it, but it's not going to net us anything is go to a short term timeframe chart to look for some type of signal. We're just not going to get that because price closed near the low of its trading session yesterday. So Dan in New York City, thanks again so much for joining us. I hope that helps you out and best of luck to you on that trade. So folks, I am coming to you live at 8 30 in the morning. For those of you that are with us right now, thanks so much for joining us. Great to be with you always like doing the morning show, especially to get to look at those equity futures contract. It was nice at 7 30 this morning to be able to share with folks in the den that we had bottom signals in the short term time frame. We'll go take a look at those. We get back to this. Are you having fun trading the markets, but having trouble finding like minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tiger's Den Trading Room only at TFNN.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. 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I'm not saying price will take out 44.72 but that becomes its price target to the upside. If we take a look at the NQ out here beautiful TD9 bullish structure profile prices above the top of the profile as well as oscillator and change line price should target 15.527. Now folks if price is trading above those two numbers 44.72.50 and 15.527.75 odds favor further rallies we covered that the potential rally in the ES could take up to 4500 in the NQ we're looking at about 15.627 back to the Dow equity future contract it just closed above the top of its profile out there. That's a positive and this is suggesting we could see a run to the 34.710 level and inside the Russell 2000 it too closed above the top of its 30 minute profile and that suggests to move to 23.32.60, 22.33.30 out there. So that's what's going on as we take a look at the short term. Let's switch back over to my black background screens out here and because what I want to be able to do is not necessarily take a look at this here but take a look at just this a little market update chart that I typically do use for the one o'clock update. Now the nice thing about this is that right now you and I can go lay our eyes on nine different charts nine different instruments. I realize it may be a little bit difficult for you to completely read out here but in the upper left you've got the ES mini we've spent a lot of time talking about that but you can see its profile levels out there and these are those profile levels can be a supporter resistance area so 44.82 is the next level in the ES to be paying attention to. With regard to let's say 1.44 in the afternoon if the market is rallying what you'd want to look for inside the S&P 500 or the spot volatility I should say is where is it trading relationship to its 50-day exponential moving average. If price is below 17.92 odds favor that price is trading below the 50-day exponential moving average and from a directional standpoint that is a bullish for the S&P 500 for the ES mini so that's something to look at. In the NQ we've talked about this if you think I want to restate everything but if the NQ price is trading about 15.568 that tells us that the rally off of the low from three days ago that this is more than a counter trend move and that price should go target 15.701. Back to the ES mini if you take a look and that's the upper left hand panel I'm just going to expand the chart out here we covered this yesterday but I want to just make sure that I just restate it. This profile this new profile that formed two days ago is wrapped around the so it's a it's a lower low than the prior profile and it's a higher high than the probe prior profile and I don't think that when Brent called this morning we talked about this I did want to mention that this is a sign so to the extent that you would use the S&P 500 as your proxy for the market this just delivered to us a consolidation pattern so in other words the move lower in October inside the ES mini that could be just simply 4436 we could see for a while here a consolidation pattern unfold but that's the message of its profile so I just want to make sure that I shared that with you. With regard to the US dollar index big move yesterday and the big move ran right in resistance at top of the profile how does that work I don't know I just know that these profiles do work which is why and it's important to have have an understanding of where these are subscribers to the newsletter get profile levels every day for the S&P 500 sectors for each of the ETFs many of the futures contracts including some of the soft commodities out there so you know you really want to know where these profile levels are at so the US dollar index makes its way up to resistance we know that if price closes above 90 to 90 that says prices get back to its or should get back to its prior swing point that's a swing point out here from August the 20th but this could be a level of resistance so if this level resistance then the US dollar backs up presumably we would see gold move higher out there in gold you can see the one to one A to B equal CD but there's until a bullish reversal candle forms gold could target 1737 1717 1695 those are all C to D expansion levels silver clearly consolidating between its daily and its weekly profile levels so really between I'd say the the real consolidation for silver is between 2272 and 2491 lights we'd crude attempting to form a new profile you'll see that that profile let me just expand the chart out here for you that's the lower left panel but you'll see that this new profile is attempting to form it oh it just went away maybe it'll pop back here so I'm using I'm using my advanced Doppler tool on the November contract here for lights we crude and it appeared to form below price which is a bullish message it doesn't need that this is a daily time frame chart to confirm the bullish message why because price is trading above the top of its barest structure daily profile and that signals that there could be I'll draw this back in here there could be an A to B equal CD to the upside the A point out here for lights we crude is the low from august 23rd the B point out here is going to be the high from september 2nd and that leaves us with a C point down here it looks like it might be this trading session which was from september 9th so lights we crude is generating a signal that it wants to go ahead and trade up to the 76 uh 16 level I would harken to say that that's just the one-to-one target and this was only a 33 percent retracement that we've got here so that signals to us maybe more like a move to 78 56 out there now lights we crude has got some resistance levels that it also has to deal with I think the resistance level is the weekly chart so I'm going to move over to the weekly chart here just for a moment so that I make sure I provide you with the accurate information that is you'd want to see price close above 72 36 in order for that A to B equal CD pattern to play out 72 36 is the top of that weekly profile now back to our market update that charts out here let's finish this off so that was lights we crude if we take a look at natural gas so natural gas has a TD 9 count top and it is also attempting to form a new profile which I believe has already changed this morning so right now it shows up as a bullish structured profile before it was a bearish structured profile what price is doing is let me get to a different natural gas contract it is trading above its oscillator and change line so I know that there are folks inside the Tigers den that trade natural gas and folks that are listening in on the show out here so when we go take a look at natural gas I'm just going to simply flip charts out here so I'm going to make sure that I give you the level to be observing today on and a pullback here because if price closes below this level well give me a moment here to get to those charts so what you're looking at here is I'll just expand out the chart you can see the TD 9 count top that formed out here so now what price should do whenever you get a topping signal price should make its way back to a key level of support the first key level of support is going to be its oscillator and change line which is green testing and rejecting about the $5.19 level would be bullish of course you have a top so how can you have a bullish and then you've got a top that means we would just simply move to neutral but if price closes below $5.19 and right now we're looking at the November contract that would then signal that price could pull back to about the 488 level so that's what I'll be watching now I'll look for a quick signal here on the 30 minute time frame chart and here as we expand out the 30 minute time frame chart well we don't show financial gas is any kind of a bottom signal I'm letting this thing recalculate just to make sure give me a moment here I don't know why it's taking so long but it is yeah there is no bottom signal here this actually suggests price could target four dollars and ninety seven cents out there Steve Rhodes with TFN coming to you at the early slot between eight and nine thanks much for joining us we'll be back to close out the show the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at TFNN we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30-day money back guarantee just visit the newsletters tab on the front page of TFNN.com TFNN educating investors are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tiger's Den 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