 Let's go over to our man Mr. Steve Rhodes as we do every Monday at 20 past the hour Don't forget folks Steve has an outstanding show every trading day here One to two Eastern stand-to-time also is a great newsletter mastering probability now the way you get this newsletter folks Come over to our website at TFNN. You go into newsletters You're gonna see mastering probability right in the middle. You hit mastering probability you hit subscribe You can get mastering probability for one month for $149 You can get it for six months for 695 which is savings of $199 or 22% you can get it for a year for $1195 Which is a savings of $593 or 33% they all come folks with a 30-day money-back guarantee Everything to win nothing to lose go get it Steve Rose. What's going on? Geez Tom not too much today, huh? It's a ride man. It's a ride Yeah, yeah, yeah, hey, I so I thought I just have a few things to be able to share with you and the viewers out there And then I'll let you go ahead and take it away One of the things that you were mentioning you were you were saying to folks Hey to the extent that you want to dip your toe in the water, you know start looking at the NASDAQ or some of the NASDAQ equities And so just two of them we can take a look at the one that's generating a great signal one of your favorite signals a testing a prior swing point Rejecting it or at least at this stage here at 319 in the afternoon on lighter volume is Microsoft So in Microsoft we look at that February 28th. They came down with 97 million shares today So far you're at 50 million doesn't seem unlikely that we'll see 40 million shares, you know coming into the close And as long as price closes above that 152 level where 152 90, you know You'd have your test and your rejection out there and Apple really doing the same thing Unfortunately in the case of Apple it's still trading with inside that swing point So unlike Microsoft that actually got down and tested the low you still in this of the February 28th Swing point in the case Apple 106 million. You're only at 56 so And but right now Apple is trading is priced at 269 77 It would be nicer if Apple at the end of the session day could close above 270 0 3 It's only a few pennies in essence away from where we're trading but 270 or 3 would be the bottom of its daily profile out there But irrespective of that daily profile coming down here. Just kind of a question for you just so that you can share it with with Listeners out there viewers out there So when you have Apple coming into this swing point with lighter volume out here, but hasn't really tested it How would you trade Apple? Yeah, I would wait it's you know This is a dicey deal folks what not just mean the market today when they don't test it They don't tell you that's what it comes down to do you know what I mean? Yeah, and you can you can make the case what we're talking about folks is like Microsoft tested it Good-looking stock Microsoft was the strongest stock in the end the x100 prior to this And what happens with Apple is that you know if it had made it down to that 256 then it would you know Basically say okay. I made it. I have rejected it and in this particular case. It's like okay, man You down there you almost hit it you didn't hit it It's like oh, I can't it drives me crazy when they get that close and don't do it actually You know, but the good thing is we just we did some help here for all the listeners out there and viewers and here We're saying hey if you were gonna dip your toe in the water, you know Look at Microsoft wait for it to come into the close You know take a look at the volume. Maybe take another look at it tomorrow Impressive, I mean Mike Microsoft. This is I love what you brought up with Microsoft because this is impressive folks Okay, you want to wrap your head around this? Okay? I can bring you back to 1994 1998 2004 I mean 2007 when things go south and stay south for a long period of time you don't have any of them that are holding Price sure that's and so Microsoft in itself This is this is a strong indication. We got underneath that today with 50 million. Well, you're going at the 75 So and you're coming back to that breakout area. Look at that. That's cool. This is cool No, no, it's it's it's a good it's a good looking set I mean, you know, I've been spending the day really trying to surf around looking for different clues You know that the market might be giving us back to the to the NASDAQ or the NQ specifically This chart here Tom Is for is broken up into four different time frames. So you've got the daily time frame the upper left weekly upper right Monthly lower left and quarterly lower right and this gives us our market profiles now We have both the E of both the daily and the weekly are trading below the bottom of their profile So not good. We take a look but this really helps or just simply another thing to prove What you had said earlier about just simply the strength of the NASDAQ here The NASDAQ is still trading above the top of its monthly profile. That is the bottom left-hand panel of the chart Which is really strong. I we would not see this in the Dow We see it inside the ES mini as an example though the ES mini is not as strong as the this is a monthly time frame chart Yes for the ES min as opposed to showing the four quadrants But if we were to look for where a support on a monthly level From the ES mini we would say really two prices. I would generate two price levels. It would be there 26 52 That's the bottom of the monthly profile or 27 17 now the low today was a 27 15. I believe 27 Yeah, 27 15 27 15 so it's held the support now in looking at this profile referred to this profile is bullish in structure Meaning that that centerline at 27 17 would really be that first level of support that it held now The reason I refer to it as a bullish structures because that centerline is much closer in Proximity to the bottom than the top at the top is where sellers are the bottom is where buyers are in the centers We're both buyers and sellers. So if there's buyers there to at 27 17 at 26 52 That's your strong supporter 26 52 folks if the markets continue to move lower overnight You'd be watching for that level inside the ES mini to see if it would hold other things I don't believe this is the I believe that the market is really trying to form a button now I said I believe it's really the charts out here if we take a look at this is the s&p 500 right now And we're taking a look and you there's this is just simply a bar chart Tom Yes, and here there's a black line that that gets drawn. This is not a line that I've drawn This is part of my tool package and this is the roads momentum indicator and when this triggers It says okay prepare for either a top or bottom right now We're just taking a look at bottom signals out here What I want to do is I'm going to pull this back further so that folks can see this signal There's a specific five-step process that I teach folks about this pattern Subscribers have access to a workshop that is on their members page out here And here if we take a look at the Christmas bottom or the day after Christmas back in 2018 out here We had one of those roads momentum indicator signals that was present if we pull it back even further We come back here and see another nice bottom that was formed with this pattern But again, you need just the triggers themselves don't identify the bottom. It's part of this five-step process We keep going back here. You can see back in February 2016 nice roads momentum indicator bottom signal This is the s&p 500 cash that we're taking a look at and again It would just keep continuing to pull back each time one of these bottom signals forms It has provided one heck of a nice rally slingshot rally move if we come back here into So you can just see these patterns and so that we don't have the confirmed signal yet But it is absolutely something worth paying attention to now What's also worth paying attention to overnight get a 326 in the afternoon is going to be the spot volatility index And what I'm looking at there Tom is if the spot volatility index can close below 54 39 It's trading at 52 98 It's confirming just the opposite of what we looked at This would be the roads momentum indicator top, okay? We can see that both on Friday this triggered it But that was a bearish shooting star candle and that high that I gave you as long as price trades below that This would be your rejection of a swing point In this case here at top so everything is set up now We just have to wait to see what the market actually does for us and we got 34 minutes for the equity markets and you got 49 for the futures and anything that that's a beautiful thing man Hey, have a great one safe one. We look forward to show tomorrow. Thanks. Thanks Steve. Stay right there folks come right back